Crypto Liquidations Hit $268 Million in Past Hour, Longs Account for $265 Million

Crypto market liquidations reached $268 million in the past hour on Jan. 29, Coinglass data show. Long positions accounted for $265 million while shorts totaled $3.61 million. Over the past 24 hours, 187,634 traders were liquidated for a total of $617 million, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair at $31.64 million.