Silver Prices Plunge 35% in Historic Single-Day Drop
According to data monitored by Lookonchain, on January 31, spot silver prices fell below $75 per ounce, marking a historic single-day drop of over 35%.
Whale's Long Position Wiped Out, Losing Over $4 Million
A well-known silver bull whale, identified as '0x94d3,' had its $29 million long position fully liquidated due to the sharp price drop, resulting in losses exceeding $4 million.