The cryptocurrency market experienced significant liquidations totaling $313 million in the past 24 hours, according to CoinGlass data. Short positions were hit hardest, accounting for $271 million of the liquidations, while long positions saw $41.96 million liquidated. Bitcoin (BTC) liquidations reached $158 million, and Ethereum (ETH) liquidations totaled $81.39 million. A total of 81,920 traders were liquidated during this period, with the largest single liquidation occurring on the BTC-USD pair on Hyperliquid, valued at $4.12 million. This wave of liquidations highlights the volatility and risk inherent in the crypto markets, particularly for leveraged positions.