The cryptocurrency market experienced significant liquidations totaling $503 million over the past 24 hours, according to CoinGlass data. Long positions were particularly affected, accounting for $363 million of the liquidations, while short positions saw $140 million liquidated. Bitcoin (BTC) liquidations reached $199 million, and Ethereum (ETH) liquidations totaled $136 million. A total of 147,323 traders were liquidated during this period, with the largest single liquidation occurring on the Aster BTC-USDT pair, amounting to $11.1713 million. This wave of liquidations highlights the volatility and risk inherent in the crypto markets, especially for leveraged positions.