According to Foresight News, recent data from Coinglass reveals that the cryptocurrency market has experienced a liquidation of $120 million in the past 24 hours. This includes $101 million from long positions and $19.11 million from short positions. Bitcoin and Ethereum, two of the most popular cryptocurrencies, have seen liquidations of $37.43 million and $32.67 million respectively. This significant liquidation indicates a volatile market condition for cryptocurrencies.