According to Coinglass, the latest market downturn saw $583 million in crypto liquidations within 12 hours, highlighting intense volatility across leveraged positions.
Coinglass reported $583 million in cryptocurrency liquidations over the past 12 hours on Jan. 26. Long positions accounted for $553 million, while shorts totaled $29.89 million. The surge in liquidations reflects heightened market volatility, affecting leveraged traders across multiple cryptocurrencies.