The cryptocurrency market experienced significant liquidations totaling $299 million over the past 24 hours, with short positions bearing the brunt. Data from CoinGlass reveals that $195 million of the liquidations were from short positions, while long positions accounted for $104 million. Bitcoin and Ethereum saw liquidations of $91.63 million and $68.57 million, respectively. A total of 112,410 traders were liquidated during this period, highlighting the market's volatility. The largest single liquidation occurred on the XYZ:BRENTOIL-USD pair on Hyperliquid, amounting to $17.18 million.