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

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.

BTC-2.61%
ETH-3.53%
XRP-2.86%
SOL-2.11%
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GateUser-2fc957c4vip
· 5h ago
Recently, this is not the first instance of such large liquidations. Trading futures is a very risky activity.
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