During the market crash on January 10-11, more than USD 3bn worth of long positions were liquidated, according to bybt.com data. To compare, on January 12, over USD 200m worth of short and also more than USD 200m long positions were liquidated.
https://cryptonews.com/news/this-is-the-biggest-risk-to-crypto-market-according-to-pante-8895.htm