The cryptocurrency market experienced significant liquidations totaling $438 million in the past 24 hours, according to CoinGlass data. Long positions were particularly affected, accounting for $340 million of the liquidations, while short positions saw $98.24 million liquidated. Bitcoin (BTC) liquidations reached $149 million, and Ethereum (ETH) liquidations totaled $118 million. A total of 126,272 traders were liquidated during this period, with the largest single liquidation occurring on the BTC-USD pair on Hyperliquid, valued at $10.82 million. This wave of liquidations highlights the volatility and risk inherent in the crypto markets, particularly for leveraged positions.