Cryptocurrency futures markets saw $164 million in liquidations over the past 24 hours, with long positions accounting for $107 million of the total. Short positions contributed $57.4 million to the liquidation volume, indicating significant downside pressure across leveraged trades. Bitcoin led individual asset liquidations with $23.94 million, followed by Ethereum at $21.34 million. The single largest liquidation event occurred on Hyperliquid's ZEC-USD pair, totaling $3.14 million.