Crypto News: $2.56B Liquidation Hits Bitcoin Market

According to reports, there was a steep sell-off in the digital asset market as Bitcoin and Ethereum came under heavy liquidation pressure. Data provided by X account indicates that Bitcoin momentarily dipped below $76,000, and Ethereum followed suit in the overall decline. This resulted in over $2.56 billion in liquidations in a span of 24 hours, which indicates intense leverage on prominent trading platforms. Market observers were closely watching both digital assets as volatility escalated in the markets. As reported in crypto news, the information provided by @coinbureau on X revealed that the amount of $2.56 billion was the largest amount of leverage wiped out since the market crash on the 10th of October. The previous market crash resulted in the wiping out of more than 19 billion dollars in leveraged positions on the 10th of October. Current statistics reveal that the losses were borne by the long positions, as depicted by the liquidation charts provided by the account.

Source: en.cryptonomist.ch

Related symbols: BTCUSD

2026-02-01 13:02:04 GMT.