424,317 Traders Liquidated as Crypto Market Sees $2.566B in 24-Hour Wipeouts

Crypto liquidations totaled $2.566 billion in the 24 hours through Feb. 1, with long positions accounting for $2.407 billion and short positions $159 million, Coinglass data cited by BlockBeats show. A total of 424,317 traders were liquidated globally during the period. The largest single liquidation occurred on Hyperliquid in the ETH-USD market, valued at $222 million.