ORDI experienced significant market turbulence with total liquidations surpassing $36.6 million in the past 24 hours, according to Coinglass data. Short positions bore the brunt, accounting for $24.27 million of the liquidations, while long positions contributed $12.33 million. The largest single liquidation recorded was $879,629. This liquidation volume is notably higher than the 7-day average, indicating extreme market conditions for ORDI.