More than $100 million in cryptocurrency futures positions were liquidated within a single hour, with long positions making up $95.51 million of the total. Bitcoin (BTC) was significantly impacted, experiencing $434.3 million in liquidations, which accounted for 43.42% of the overall liquidations. This occurred as Bitcoin's price fell to $87,778.93, marking a 2.36% decline over the past 24 hours.