The cryptocurrency market experienced substantial liquidations over the past 24 hours, with figures fluctuating between $700 million and over $865 million according to multiple sources including Coinglass and Cointelegraph. Initial reports indicated liquidations around $779.5 million, with $56 million wiped out in the last hour. Later updates raised the total to approximately $805 million, with leveraged positions heavily affected amid increased market volatility. Breakdown data shows that long positions accounted for the majority of liquidations, with amounts ranging from $632.38 million to $734.5 million, while short positions liquidated between $76.2 million and $85.54 million. The trend of high volatility and risk in digital asset trading continued into the next day, with $125 million liquidated within a single hour. These figures reflect ongoing turbulence in the crypto market and the significant impact of leveraged trading on traders' positions.