BlockBeats News, January 31st, according to Bitget market data, spot silver plummeted over 35% in a single day on January 30th, ultimately closing down 26.48% at a price of $85.3.
According to Coinglass data, liquidations across the network in the past 24 hours totaled $1.382 billion, with XYZ:SILVER (mainly on Hyperliquid for silver) liquidating $150 million, XAG liquidating $36.69 million. Silver trading has become the third largest asset in terms of liquidation amount in the crypto field, second only to Ethereum and Bitcoin. Silver, as a TradFi trading asset, has been launched on a large scale in the crypto field for less than a month.
