In the past 24 hours, total contract liquidations across the network amounted to $575 million, primarily long positions.

Notizie in breve

Based on CoinAnk data, the crypto futures market witnessed a staggering $575 million in liquidations within the past 24 hours. Long positions bore the brunt of losses, totaling $487 million, whereas short positions accounted for $88.15 million. Bitcoin alone represented $206 million of this wipeout; moreover, Ethereum contributed an additional $87.77 million. This volatility underscores how traders on both sides faced brutal margin calls and forced exits from their leveraged positions—a clear reminder of the market's unforgiving nature.

PANews reported on January 29th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $575 million in the past 24 hours, including $487 million in long positions and $88.1529 million in short positions. The total liquidation amount for BTC was $206 million, and for ETH it was $87.7688 million.