Crypto Liquidations Reach $1.061B in 24 Hours, $304M in Past 4 Hours

Crypto derivatives liquidations totaled $1.061 billion over 24 hours as of Feb. 5, affecting 228,276 traders globally, Coinglass data show. In the most recent 4-hour period, liquidations reached $304 million, with long positions accounting for $274 million and shorts $32.8 million. The largest single liquidation occurred on Aster's BTCUSDT pair at $11.3666 million.