On January 30, extreme market volatility led to two major whale liquidations totaling $146 million, representing 8.4% of the 24-hour liquidation volume.
One ETH long position on Hyperliquid was liquidated at $65.14 million;
Meanwhile, a BTC long trade on HTX faced forced liquidation worth $80.58 million.
The event serves as a stark reminder of the risks associated with leveraged trading in highly volatile markets.