ChainCatcher reports that Coinglass data shows the cryptocurrency market has experienced a total of $281 million in liquidations over the past 24 hours. Specifically, the liquidation amount for long positions was $173 million, while for short positions it was $108 million, reflecting the severity of market volatility.

Among major cryptocurrencies, the liquidation amount for BTC reached $65.57 million, followed closely by ETH with a liquidation amount of $31.09 million, while XRP had a liquidation amount of $17.35 million. These figures reflect the performance of different cryptocurrencies during market turmoil.

In addition, a total of 112,865 traders experienced liquidations in the past 24 hours, with the largest single liquidation occurring in the BTC-USDT-SWAP trading pair on OKX, amounting to $3.89 million. This phenomenon serves as a reminder for investors to operate cautiously and closely monitor market dynamics.