In the past 24 hours, a total of $1.886 billion in contract liquidations occurred across the entire network, primarily involving long positions.

Notizie in breve

PANews disclosed on February 1st that, according to CoinAnk data, cryptocurrency futures liquidations surged to $1.89 billion within a single day. Notably, long positions bore the brunt at $1.76 billion, whereas shorts amounted to merely $128 million. Bitcoin liquidations alone reached $637 million, while Ethereum hit $810 million. This dramatic market turbulence seemingly blindsided traders, sparking extensive position closures throughout leading digital assets.

PANews reported on February 1st that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $1.886 billion in the past 24 hours, including $1.758 billion in long positions and $128 million in short positions. The total liquidation amount for BTC was $637 million, and for ETH it was $810 million.