Massive $1.6 Billion Crypto Liquidation Hits Investors

2 mins mins

Key Points:

Global crypto markets witnessed $1.6 billion liquidations in 24 hours.
Large ETH-USD liquidation hit Hyperliquid at $13.389 million.
Market sentiment around ETH remains tense following significant liquidation.

In the last 24 hours, the crypto market witnessed significant liquidations amounting to $1.60 billion globally, affected mainly by Ethereum and Bitcoin, with Hyperliquid’s $13.389 million ETH-USD event standing out.

The large-scale liquidations underscore the challenges of leveraged trading in crypto, potentially impacting investor confidence and prompting market participants to reassess their risk management strategies.

Ethereum Liquidation: $13.389 Million Loss on Hyperliquid

In the last 24 hours, Coinglass reports a significant $1.6 billion liquidation event affecting the entire crypto market. The largest single event involved ETH-USD on Hyperliquid, valued at $13.389 million, underscoring its heavy impact on Ethereum.

Ethereum’s substantial liquidation, comprising $10.51 billion long liquidation over 4 hours, reflects increased volatility. Many traders incur significant losses as massive market sell-offs transpire rapidly.

BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders.

It appears that there are no primary source quotes, statements, or commentary from key figures or experts in relation to the reported liquidations on February 1st, 2026, as per your search results.

Analyzing Market Data: Path to Recovery Post-Liquidation

Did you know? Historical data shows previous significant liquidations during similar market conditions led to sharp price recoveries. It illustrates potential rebounds when market liquidity stabilizes after massive sell-offs.

Ethereum’s current standing from CoinMarketCap data indicates its price at $2,392.58. With a market cap of $288.77 billion, ETH accounts for 11.01% of market dominance. Notably, it reported a 24-hour trading volume of $44.57 billion, declining by 12.77%.

ethereum-daily-chart-2707 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 19:09 UTC on January 31, 2026. *Source: CoinMarketCap*

The Coincu research team notes potential regulatory evaluations would focus on robust measures ensuring better trading protection amidst such scale liquidations. Economic analysts expect market propagation to stabilize post-clearance, guiding future asset fluctuations.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.