Cryptocurrency futures markets saw $609 million in liquidations over the past 24 hours, with long positions accounting for $431 million of the total. Short positions contributed $178 million to the liquidation volume, indicating significant downside pressure across leveraged trades. Ethereum led individual asset liquidations at $188 million, slightly surpassing Bitcoin's $171 million. The single largest liquidation event occurred on Hyperliquid's ETH-USD perpetual contract, totaling $19.98 million.