Data from Coinglass indicates that the cryptocurrency market encountered a total contract liquidation of $193 million over the past 24 hours, affecting 85,846 individuals. Long positions bore the brunt of the liquidation, accounting for $151 million, while short positions totaled around $41.88 million. Bitcoin (BTC) and Ethereum (ETH) were notably impacted, with liquidation amounts of approximately $43.60 million and $38.72 million respectively.