January 10 Liquidation Summary: $114 million liquidated across the entire network in 24 hours, over 60,000 people liquidated

【Blockchain Rhythm】On January 10th, the cryptocurrency market experienced intense volatility. According to real-time data from Coinglass, the single-coin liquidation volume for a leading cryptocurrency within the past hour reached $1,078,000, with longs liquidated at $216,800 and shorts at $861,200, indicating significant pressure on short positions.

Looking at the 24-hour global performance from a broader perspective, the total liquidation amount has soared to $114 million—what does this mean? Long positions were liquidated for $85,738,400, and short positions for $28,429,500, with longs still under considerable pressure. Worldwide, a total of 61,793 traders were liquidated during this round of market activity, involving a large number of participants.

Most notably, the BTC-USD trading pair on Hyperliquid experienced the largest single liquidation event, with a single liquidation amount of $2,519,200. This reflects the scale of leverage used by market participants and the risk accumulation during volatile market conditions.