The cryptocurrency market experienced $279 million in liquidations over the past 24 hours, according to Coinglass data. Long positions accounted for $166 million of the total, while short positions made up $113 million. Bitcoin saw $38.6 million in long liquidations and $28.87 million in short liquidations. Ethereum experienced $59.38 million in long liquidations and $18.49 million in short liquidations. A total of 108,155 users were liquidated globally, with the largest single liquidation occurring on Hyperliquid's SOL-USD pair, amounting to $1.98 million. This highlights the volatility and risk present in the current crypto market environment.