The cryptocurrency market experienced significant turbulence with $257 million in liquidations over the past 24 hours, according to CoinGlass data. Long positions were particularly affected, accounting for $163 million of the total liquidations, while short positions saw $93.8 million liquidated. Bitcoin and Ethereum were among the hardest hit, with BTC liquidations totaling $55.6 million and ETH liquidations reaching $43.6 million. A total of 129,536 traders were liquidated during this period, highlighting the market's volatility. The largest single liquidation occurred on the XYZ:CL-USD pair on the Hyperliquid platform, valued at $6.9 million.