The cryptocurrency market has experienced a significant amount of forced liquidations in the past 24 hours, with the total liquidation scale reaching millions of dollars. According to data from Coinglass, the total liquidation scale for cryptocurrency perpetual futures reached $72.68 million in the past 24 hours. The largest liquidation scale was seen in BTC perpetual futures, with a total of $44.59 million liquidated. Of this amount, $13.87 million was liquidated from long positions, while $30.72 million was liquidated from short positions. This resulted in a liquidation ratio of 68.89% for short positions. The second largest liquidation scale was seen in ETH perpetual futures, with a total of $21.28 million liquidated. Of this amount, $10 million was liquidated from long positions, while $11.28 million was liquidated from short positions. This resulted in a liquidation ratio of 53.01% for short positions. The third largest liquidation scale was seen in AI16Z perpetual futures, with a total of $6.81 million liquidated. Of this amount, $5.35 million was liquidated from long positions, while $1.46 million was liquidated from short positions. This resulted in a liquidation ratio of 78.61% for long positions. The forced liquidations in the past 24 hours have been attributed to a number of factors, including the recent decline in the price of Bitcoin and other cryptocurrencies, as well as the ongoing regulatory uncertainty surrounding the cryptocurrency market.

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