The cryptocurrency market experienced significant liquidations totaling $356 million over the past 24 hours, according to Coinglass data. Long positions were hit hardest, with $214 million liquidated, while short positions saw $142 million in liquidations. Bitcoin (BTC) accounted for $103 million of the total, and Ethereum (ETH) liquidations reached $80.7 million. A total of 125,326 traders were affected by these liquidations. The largest single liquidation event occurred on the PUMP-USD trading pair on Hyperliquid, amounting to $11.1 million.