Global Crypto Liquidations Surpass $1 Billion on January 21, Long Positions Bear Brunt

On Jan. 21, crypto market volatility triggered over $1.06 billion in liquidations within 24 hours, according to Coinglass. Long positions accounted for $998 million of the total, while shorts saw $62.97 million, affecting 180,139 traders globally. The largest single liquidation was a $13.52 million BTCUSDT position on Bitget, underscoring the scale of the market move.