Crypto market liquidations hit $2.5615 billion on Jan. 31, highest since Oct. 11 crash

Crypto market liquidations totaled $2.5615 billion on Jan. 31, the highest single-day figure since the Oct. 11 crash, Coinglass data show. Long positions accounted for $2.4068 billion of the liquidations, while short positions totaled $154.7 million.