The crypto market saw substantial liquidations over the past 24 hours, with total positions wiped reaching $422.05 million. Over 109,000 traders got caught in the squeeze. The breakdown shows most damage came from short liquidations—$335.55 million, while long positions accounted for $86.51 million of the total.

One brutal liquidation dominated the headlines: a single BTC-USDT position on HTX got liquidated at $91.33 million, marking the largest single wipeout of the period. This massive order hints at either extreme leverage or a significant bet gone wrong in the Bitcoin market. Such volatility is typical when markets make sharp directional moves, catching overleveraged traders off guard.