IP Contract Price Hits $9, Liquidations Exceed $38M

In Brief:

IP contract price briefly reached $9 before retracing.

Total liquidations in the past 24 hours exceeded $38 million.

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According to Coinglass data, IP contract trading saw $38.14 million in liquidations over the last 24 hours, making it the second-highest liquidation market after Bitcoin. The breakdown includes $8.56 million in long liquidations and $29.57 million in short liquidations.

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With high volatility in the market, traders remain cautious as IP price movements continue to trigger large-scale liquidations across exchanges.

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