In the past 24 hours, total contract liquidations across the entire network amounted to $801 million, primarily long positions.

Notizie in breve

Based on CoinAnk data, the crypto futures market witnessed a brutal $801 million liquidation wave within 24 hours. Long positions bore the brunt of this bloodbath, hemorrhaging $712 million, whereas shorts escaped relatively unscathed with merely $89.73 million in losses. Notably, BTC contributed $160 million to this carnage; however, ETH suffered the most devastating impact at $296 million. This turbulence clearly demonstrates just how unpredictable market conditions have become recently, blindsiding numerous traders in the process.

PANews reported on January 31 that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $801 million in the past 24 hours, including $712 million in long positions and $89.7266 million in short positions. The total liquidation amount for BTC was $160 million, and for ETH it was $296 million.