The cryptocurrency market experienced significant liquidations totaling $503 million over the past 24 hours, according to Coinglass data. Long positions accounted for $284 million of the liquidations, while short positions totaled $219 million. Bitcoin long positions saw $109 million liquidated, compared to $37.3 million for shorts. Ethereum long positions faced $49.1 million in liquidations, while shorts were higher at $76.7 million. A total of 136,130 traders were liquidated globally, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair, valued at $11.3 million. This highlights the volatility and risk present in the crypto markets, as traders navigate fluctuating prices.