In the past four hours, approximately $30 million worth of contracts were liquidated across the entire network, with LIGHT and BEAT ranking first and second in terms of liquidation amount.

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PANews reported on December 22 that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $30.0394 million in the past four hours, including $14.4103 million in long positions and $15.6291 million in short positions. The top two cryptocurrencies by liquidation amounted to $6.5179 million and $5.0836 million respectively.

Market data shows that the price of LIGHT tokens plummeted by approximately 80% in the early hours of today, from $4.6 to less than $0.8. The price of BEAT tokens also experienced significant volatility in the early morning.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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