Crypto liquidations exceed $2B over 24 hours, surpassing COVID-19 and FTX levels

More than $2 billion in crypto perpetual futures positions were liquidated over 24 hours as of 03:07 UTC on Feb. 3, exceeding the liquidation levels seen during the COVID-19 pandemic and FTX collapse, Cointelegraph reported on X. Data shared in the post shows total forced liquidations reached $2.18 billion, with $1.87 billion from long positions and $308.68 million from short positions.