In the past 24 hours, the cryptocurrency market has experienced liquidations ranging between approximately $244.97 million and $270 million, according to various sources. A total of 116,359 crypto traders were liquidated, resulting in losses exceeding $265 million. The largest single liquidation was a $3.01 million Bitcoin trade executed on Binance. Market observers noted that short positions were heavily impacted during this period. Additionally, there is anticipation of a potential $1.4 billion worth of Bitcoin shorts to be liquidated if Bitcoin reaches the $100,000 price level.