In the past 24 hours, the cryptocurrency market experienced significant liquidations totaling $783 million, according to CoinGlass data. Long positions were hit hardest, accounting for $486 million of the liquidations, while short positions saw $296 million liquidated. The largest single liquidation occurred on Hyperliquid's ETH-USD pair, valued at $13.5215 million. Notably, $51.843 million was liquidated in the last hour, $115 million in the past four hours, and $275 million over the past 12 hours.