The liquidation volume of perpetual contracts in the crypto market over the last 24 hours shows that the market is currently experiencing a high level of volatility. The largest liquidations occurred in the BTC and ETH markets, with a total liquidation volume of $49.48 million and $57.67 million, respectively. The majority of these liquidations were on long positions, indicating that traders are expecting the market to continue to decline. The DOGE market also saw significant liquidations, with a total liquidation volume of $8.14 million. These liquidations highlight the risks involved in trading perpetual contracts and serve as a reminder that traders should always use caution when entering into these types of positions.