During Bitcoin's plunge, the largest single liquidation reached $25.83 million.

On January 19, Bitcoin plunged this morning, dropping more than $3,000 within two hours, falling from $95,400 to below $92,000 at its lowest point. The largest single liquidation across the entire network reached $25.83 million, which occurred on Hyperliquid. As of press time, the total open interest of Bitcoin contracts across the network is 663,900 BTC, an increase of about 14,000 BTC compared to the previous day.