A massive ETH liquidation on Hyperliquid led a leverage-driven wipeout that pushed total crypto liquidations past $2.5 billion in 24 hours.

Single trader just lost $220 million as ether plunged 10%

The global market is currently extremely fragile.

With the cost line breached, the crypto market faces another "liquidation day."

According to ME News, on February 1st (UTC+8), Bitcoin's price fell below $81,000 due to weak market liquidity over the weekend, amplifying selling pressure. Market participants also pointed to tensions in the Middle East, uncertainty surrounding the US government shutdown, and cautious sentiment within the crypto market as factors collectively weighed on risk assets. Market data shows that Bitcoin's price fell approximately 2.2% in the past 24 hours. Weekend trading volumes typically decrease, making prices more susceptible to rapid fluctuations. The market is currently still in a range-bound trading pattern, with traders focusing on the $80,000-$82,000 range for Bitcoin...

Analysis: The drop in BTC below the $81,000 mark may be due to factors such as the situation in the Middle East and insufficient liquidity over the weekend.

Bitcoin’s price fell below $77,000 due to intense selling pressure, reaching its lowest levels since April 2025.
With the decline, $BTC also fell below $76,037, the average purchase price of MicroStra...