Record Liquidation Reached on January 31, Coinglass Data Shows

Data from Coinglass indicates that on January 31, the total liquidation across the network amounted to $2.5615 billion. According to Odaily, this marks the highest single-day liquidation since the '1011 crash.' Of this total, short positions accounted for $154.7 million, while long positions saw liquidations of $2.4068 billion.