The cryptocurrency market experienced substantial volatility over the weekend, resulting in significant liquidation levels. As of January 20, 2025, approximately $650 million in total crypto positions were liquidated within a 24-hour period. This included $482.3 million in long positions and $167.7 million in short positions. Notably, $12.54 million in Bitcoin long positions were specifically liquidated. The aggressive liquidations were attributed to exchanges like Binance and Coinbase, which were reportedly targeting long positions in response to bullish sentiment surrounding the inauguration of Donald Trump. Liquidation levels fluctuated throughout January 19 and January 20, with exchanges actively managing the liquidation process during this period of heightened market activity.