The cryptocurrency market has experienced significant liquidations over the past 24 hours, with total losses amounting to approximately $700 million. The most recent data indicates that $435 million was liquidated in the past 12 hours alone. The majority of these liquidations were from long positions, totaling about $450 million. The largest single liquidation order was on Binance, involving the BTCUSDT pair, with a value of $8.21 million. Additionally, over $30 million in on-chain lending liquidations occurred within the same period.