According to PANews, data from Coinglass reveals that the cryptocurrency market experienced significant liquidations amounting to $277 million over the past 24 hours. Of this total, long positions accounted for $253 million, while short positions saw liquidations of $23.3 million. Bitcoin (BTC) faced liquidations totaling $73.7 million, and Ethereum (ETH) saw liquidations amounting to $75.9 million.