The cryptocurrency market experienced significant liquidations totaling $375 million over the past 24 hours, according to Coinglass data. Long positions bore the brunt, accounting for $291 million of the liquidations, while short positions saw $83.75 million liquidated. Bitcoin long positions were particularly affected, with $128 million liquidated, compared to $21.85 million in Bitcoin shorts. Ethereum also saw substantial liquidations, with $81.39 million in longs and $24.10 million in shorts. In total, 124,467 users were liquidated globally, with the largest single liquidation occurring on Aster's BTCUSDT pair, amounting to $2.95 million. This wave of liquidations highlights the volatility and risk inherent in the crypto markets, especially for leveraged positions.