The cryptocurrency market experienced substantial liquidations over the past several days, primarily affecting long positions. In the last 24 hours, more than $600 million was liquidated, with nearly all liquidations coming from long positions, according to data from Coinglass. Specifically, $587 million worth of long positions were liquidated within this period. On July 31, Bitcoin long liquidations alone reached $87.5 million, highlighting a notable sell-off in leveraged Bitcoin positions. Earlier reports indicated $212 million liquidated in a 60-minute window and $400 million over four hours, reflecting ongoing market volatility and leveraged position adjustments.