Silver Plunges Over 35% to Hit Record Low, Becomes Third-Largest Liquidated Asset in the Crypto Space in 24 Hours
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 amounted to $1.382 billion, with XYZ:SILVER (mainly on Hyperliquid for silver) liquidating $150 million and XAG liquidating $36.69 million. Silver trading overall 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 massively launched in the crypto field for less than a month.
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