The cryptocurrency market experienced significant liquidations totaling $209 million over the past 24 hours, according to Coinglass data. Short positions accounted for the majority, with $171 million liquidated, while long positions saw $37.8 million in liquidations. Bitcoin short positions were notably impacted, with $37.3 million liquidated compared to $3 million for longs. Ethereum also saw substantial short liquidations at $51.1 million, against $3.5 million for longs. A total of 87,865 traders were affected, with the largest single liquidation on Hyperliquid's ETH-USD pair, valued at $18.8 million.