Recent data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $114 million within the last 24 hours. This significant figure shows that long positions accounted for $55.58 million, while short positions reached $58.72 million. Notably, Bitcoin (BTC) experienced liquidations amounting to $24.82 million, and Ethereum (ETH) saw $13.59 million in liquidations.

Such figures underscore the marked volatility and rapid shifts prevalent in the cryptocurrency market, affecting both long and short positions dramatically..