On February 9, 2026, the cryptocurrency market continued its upward trend, with Bitcoin rising 3.07% to $71,368.47 and Ethereum rising 1.76% to $2,124.93. Some Altcoin, such as Solana, Ripple, and Tron, rose, while BNB, Dogecoin, and Bitcoin Cash fell, showing a divergent market trend. The total market capitalization was $2.42 trillion, with Bitcoin accounting for 58.88% and Ethereum accounting for 10.59%.
Total trading volume in the past 24 hours was $84.6 billion, down from the previous day, with significant declines in trading volume across the DeFi (-40.56%), stablecoins (-49.38%), and derivatives (-44.87%) sectors.
During the same period, approximately $196 million in leveraged positions were liquidated, with Bitcoin liquidations amounting to $117.6 million, accounting for about 60% of the total. Ethereum liquidations amounted to $44.45 million. By exchange, Hyperliquid saw a large number of short position liquidations, amounting to $16.67 million; Binance and Bybit saw liquidations of $12.07 million and $7.5 million, respectively. In addition, liquidations of assets such as Aester, Dogecoin, Solana, and HYPE tokens also surged.
In other news, HTX (formerly Huobi) transferred 300 million Tether to Aave; over 399.72 million USDC were transferred between unknown wallets on the Solana network, indicating potential changes in liquidity. On the policy front, the Vietnamese government proposed a 0.1% tax on cryptocurrency transactions; Goldman Sachs warned that the market correction was not yet over, while some key figures offered optimistic prospects of a "rebound starting point."
The price of Bitcoin in South Korea maintained a slight "kimchi premium" of about 0.23% compared to overseas markets, indicating that domestic investor sentiment in South Korea remained relatively strong.
