The cryptocurrency market witnessed heavy liquidations over the past 24 hours.
Data from Coinglass on January 24 shows strong volatility across major assets.
In just one hour, total liquidations reached $149 million.
Short positions were hit the hardest, accounting for $146 million, while longs saw $2.74 million in losses.
Over the full 24-hour period, 105,156 traders were liquidated worldwide.
Total liquidations during this time stood at $303 million.
The largest single liquidation occurred on Hyperliquid’s ETH-USD pair.
That position alone was valued at $30.38 million.