The crypto market recorded $393 million in liquidations over the past 24 hours, a more recent total than an earlier reported $86.63 million. Short positions accounted for the larger share at $221 million, compared with $171 million for long positions. Bitcoin led asset-specific liquidations at $112 million, followed by Ethereum at $87.45 million. Liquidations occur when leveraged trading positions are forcibly closed after traders can no longer meet margin requirements, a process that can amplify short-term volatility and signal directional market stress.