The cryptocurrency market experienced significant liquidations totaling $230 million over the past 24 hours, according to Coinglass data. Short positions accounted for the majority, with $153 million liquidated, while long positions saw $77.4 million in liquidations. Bitcoin was heavily impacted, with $101 million in short liquidations compared to $16.6 million in long liquidations. Ethereum saw a more balanced liquidation, with $22.4 million in longs and $22.1 million in shorts.