The cryptocurrency markets experienced significant volatility, resulting in $187 million in liquidations over a four-hour period, according to data from Coinglass. Of the total liquidations, $161 million were from long positions, while $25.19 million were from short positions. Bitcoin (BTC) accounted for the largest share, with $70.59 million in liquidated positions, followed by Ethereum (ETH) with $60.34 million.