Bitcoin and Ethereum experienced sharp price drops to $81,118 and $2,689 respectively, triggering liquidations of large long positions. Notably, Hyperliquid's Ethereum long was liquidated for $65.14 million, while HTX's Bitcoin long was liquidated for $80.58 million. These two liquidations accounted for $146 million, representing 8.4% of total liquidations in the past 24 hours.