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Sample Witness Contract Termination Record Reaches a Record High at the End of January
On January 31st, the cryptocurrency market experienced an unprecedented liquidation event. According to data from Coinglass — a leading blockchain analysis platform — the total value of assets liquidated in the contract liquidation sample reached $2.5615 billion, marking a record high since the “1011 crash” event. Odaily also confirmed that this figure is a significant milestone in the market’s liquidation history.
Network-Wide Liquidation Surpasses $2.5 Billion
The figure of $2.5615 billion not only reflects the magnitude of a single liquidation event but also indicates the strength and impact of the contract liquidation pattern across the entire market. This level of liquidation is many times higher than on typical days, demonstrating significant volatility in prices and trading volume. It is the clearest evidence of sell-off pressure from traders.
Detailed Analysis of Short and Long Positions in the Liquidation Pattern
Within the total liquidation of $2.5615 billion, the position structure is divided as follows: short positions account for only $154.7 million, about 6% of the total. Conversely, most of the liquidation comes from long positions, totaling $2.4068 billion, or 94% of the total liquidation. This discrepancy indicates that the contract liquidation pattern on that day primarily affected investors holding long positions, while traders betting on price declines managed to avoid larger losses.
Significance of the Record Liquidation Level for the Market
This record liquidation level reflects significant changes in how contract liquidation patterns operate. Compared to the liquidation during the “1011 crash,” this increase shows that the market has become more volatile and traders are increasingly using higher leverage. This event also underscores the importance of risk management and understanding the liquidation mechanisms in futures contracts, especially since such liquidation patterns can have substantial impacts on the entire cryptocurrency market.