In the past 24 hours, a total of $1.228 billion in contract liquidations occurred across the entire network, primarily involving long positions.

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PANews reported on January 30th that, according to CoinAnk data, crypto futures liquidations reached $1.23 billion in the past 24 hours. Long positions bore the brunt with $1.13 billion liquidated, while shorts accounted for merely $103 million. Bitcoin alone saw $557 million in liquidations, and Ethereum followed with $287 million erased. Overall, these figures highlight the brutal market conditions that caught leveraged traders off guard across the board.

PANews reported on January 30th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $1.228 billion in the past 24 hours, including $1.125 billion in long positions and $103 million in short positions. The total liquidation amount for BTC was $557 million, and for ETH it was $287 million.