Crypto Market Sees Significant Liquidations in 24 Hours

On January 24, data from Coinglass revealed substantial liquidations in the cryptocurrency market. According to BlockBeats, the past hour alone saw liquidations totaling $149 million, with long positions accounting for $2.74 million and short positions for $146 million. Over the last 24 hours, a total of 105,156 traders experienced liquidations, amounting to $303 million globally. The largest single liquidation occurred on Hyperliquid's ETH-USD pair, valued at $30.38 million.