On January 31st, the entire network experienced liquidations exceeding $2.56 billion, setting the highest single-day liquidation record since the "1011 crash"

Odaily News According to Coinglass data, the total liquidation amount across the entire network reached $2.5615 billion on January 31st, setting the highest single-day liquidation record since the "1011 crash." Among these, short position liquidations amounted to $154.7 million, while long position liquidations reached $2.4068 billion.