LIGHT surged 700% in the past day before crashing 77%, with both longs and shorts exceeding $32 million.

GateUser-6433627c · 2026-01-01T13:06:00+00:00

On January 1st, LIGHT (Bitlight) price temporarily plummeted by 77.3%, reaching a low of $0.5287, and is now quoted at $0.64. After hitting a low of $0.32 the previous day, it quickly surged to $2.5 before experiencing a sharp decline. The liquidation amount in the past 24 hours reached $32.11 million, second only to BTC's $47.85 million.

GateUser-6433627c

2026-01-01 13:06:00

Abstract generation in progress

On January 1st, according to CEX market data, LIGHT (Bitlight) experienced a short-term plunge of 77.3%, briefly touching $0.5287, and is currently quoted at $0.64. Notably, LIGHT fell to $0.32 at 16:00 Beijing time yesterday, then continued to rally nearly 700%, reaching around $2.5 at approximately 18:45 today, before this sudden crash occurred one hour later. According to Coinglass data, in the past 24 hours, LIGHT has liquidated positions worth $32.11 million, second only to BTC’s $47.85 million, with long positions liquidated at $12.39 million and short positions at $19.71 million.

LIGHT-59,14%

BTC1,04%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.