IP Experiences Volatile Price Movement and Significant Liquidations

According to BlockBeats, IP experienced a sharp decline in its price starting at 11 PM UTC+8, dropping over 20% from $3.9 to a low of $2.9 by approximately 12:25 AM. The price then quickly rebounded to around $4. Coinglass data indicates that IP saw liquidations totaling $2.0767 million across the network in the past 24 hours. Long positions accounted for $1.1739 million of the liquidations, while short positions amounted to $902,900.