On January 31, the cryptocurrency market experienced a record $2.5615 billion in liquidations, marking the highest single-day total since the "October 11th crash." According to Coinglass data, this surge in liquidations included $154.7 million in short positions and a staggering $2.4068 billion in long positions. The event underscores the volatility and risk inherent in leveraged trading within the crypto sector.
Record $2.56 Billion in Liquidations Hit Crypto Markets
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