Cryptocurrency Market Crash: $1.7 Billion Liquidated in 24 Hours, Bitcoin Hits 9-Month Low

GateNews
BTC-4,64%
ETH-4,18%
XRP-2,63%
SOL-4,98%

On January 30, the cryptocurrency market experienced a significant decline, with the total drop exceeding 6% over the past 24 hours. The total liquidation amount across the network reached $1.71 billion, marking one of the most severe single-day liquidations in recent months. A large number of highly leveraged long positions were forcibly closed, becoming the main driver of this round of sell-off.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

A trader opened a short position of approximately $27 million in BTC, having previously made a profit of $8.65 million from two short trades.

Gate News report, on March 27, according to Lookonchain monitoring, the trader address 0xb79 has made a total profit of 8.65 million dollars from the last two BTC short trades. An hour ago, this address opened a double short position of 410 BTC (approximately 27 million dollars) again.

GateNews23m ago

A trader opened a short position of $27 million in BTC one hour ago, with recent total profits reaching $8.65 million.

BlockBeats News, on March 27, according to Lookonchain monitoring, trader 0xb798 recently profited significantly from shorting Bitcoin twice, with a total profit of 8.65 million dollars. An hour ago, he opened another short position of 410 Bitcoins, worth 27 million dollars.

BlockBeatNews29m ago
Comment
0/400
GateUser-2fc957c4vip
· 01-30 09:45
Recently, this is not the first instance of such large liquidations. Trading futures is a very risky activity.
View OriginalReply0