Crypto Market Sees $128M Liquidated in Past Hour, $713M Over 24 Hours

Crypto derivatives positions worth $128 million were liquidated across the market in the past hour on January 31, with long positions accounting for $127 million, Coinglass data show. Over the most recent 24-hour period, 185,732 traders were liquidated globally, with aggregate liquidations reaching $713 million. The single largest liquidation occurred on Hyperliquid in the ETH-USD market, where one position valued at $13.3899 million was closed.