The cryptocurrency market experienced significant liquidations totaling $383 million in the past 24 hours, according to CoinGlass data. Short positions were hit hardest, accounting for $256 million of the liquidations, while long positions saw $127 million liquidated. Bitcoin led the liquidations with $194 million, followed by Ethereum at $98.5 million. A total of 87,431 traders were liquidated during this period, with the largest single liquidation occurring on the BTC-USD pair on Hyperliquid, valued at $13.3 million. This wave of liquidations highlights the volatility and risk inherent in the crypto markets.