The latest liquidation of Bitcoin exceeds US$300 million

Nakamoto 2026-2-10 08:19 10224人围观 BTC

Source: Jiemian News Recently, the global cryptocurrency market has experienced violent fluctuations. On February 6, the price of Bitcoin once hit a low of $60,062, a new low in 16 months. Bitcoin hit a peak of $126,000 on October 6, 2025, falling more t

Source: Interface News

Recently, the global cryptocurrency market has experienced violent fluctuations.

On February 6, the price of Bitcoin once hit a low of $60,062, a new low in 16 months. Bitcoin hit a peak of $126,000 on October 6, 2025, falling more than 48% from its historical high.

CoinGlass data shows that as of 9:30 on February 9, Bitcoin was trading at $70,670.6, up 2% and down 43.91% from last year’s high. On the same day, major products such as Ethereum and Tether rose to varying degrees. In the past 24 hours, more than 89,700 people liquidated their positions in the Bitcoin market, with the total liquidation amount exceeding US$300 million.

Data shows that after Bitcoin exchange-traded funds (ETFs) recorded a net inflow of approximately $562 million last Monday, more than $800 million in capital outflows occurred in the next two trading days. The CryptoQuant report further pointed out that US ETFs, which were still buying a large amount of Bitcoin during the same period last year, have now turned into net sellers.

On the evening of January 30, Trump announced Kevin Warsh as his nominee to be the next chairman of the Federal Reserve. Warsh, a former governor of the Federal Reserve, is known as the "inflation fighter" and advocates tightening liquidity through radical balance sheet reduction. The news put global risk assets under pressure.

The prediction platform Polymarket shows that there is an 82% probability that Bitcoin will fall below US$65,000 during the year, and the probability of falling below US$55,000 has also increased to about 60%. Analysts believe that after this round of sharp declines, Bitcoin’s upward momentum, market narrative, and label as a “safe haven asset” collapsed almost simultaneously.

Jefferies economist Mohit Kumar said in a report that software and technology stocks, cryptocurrencies and precious metals are all heavily held, and investors are adjusting their positions. He said market concerns about cryptocurrency miners are growing and worries that forced liquidations may occur if prices continue to fall.

BitMEX co-founder Arthur Hayes wrote that the recent decline in Bitcoin may be mainly due to the hedging behavior of traders surrounding IBIT structured products. He noted that related structured notes issued by banks could trigger concentrated hedging at specific trigger points, leading to rapid price movements. He reminded market participants to adjust their strategies in a timely manner as market mechanisms change.

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