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The cryptocurrency market has experienced intense volatility in the past 24 hours, with the total liquidation volume reaching $879 million. Among them, long positions faced greater pressure, with liquidations amounting to $824 million, while short liquidations were relatively smaller, approximately $55.0466 million. In terms of cryptocurrencies, Bitcoin and Ethereum are at the forefront, with Bitcoin alone liquidated about $349 million, followed closely by Ethereum at approximately $312 million. Together, they account for nearly 80% of the total liquidation volume. This wave of intense volatility serves as a reminder for traders to manage their position risks more cautiously.