The cryptocurrency market experienced significant turbulence as $223 million in liquidations were recorded over the past 24 hours, according to Coinglass data. This includes $137 million in long liquidations and $85.76 million in short liquidations. Bitcoin led the liquidations with $63.41 million in longs and $27.18 million in shorts, while Ethereum saw $30.47 million in longs and $23.09 million in shorts liquidated. A total of 87,303 users were affected globally, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair, amounting to $11.22 million. The data highlights the volatility and risk present in the crypto markets, particularly for leveraged positions.