One night evaporated 111 billion! After the "big escape" in the cryptocurrency circle, 410,000 liquidators welcome a desperate counterattack? In February 2026, a thrilling "big escape" unfolded in the cryptocurrency circle. Just as the market was filled with sorrow and the fear index dropped to an all-time low, a desperate counterattack suddenly took place, catching countless liquidators off guard.
1. Bloody night: 410,000 people liquidated, market value evaporated 111 billion dollars
On the early morning of February 6, the cryptocurrency market faced a "Black Monday." Bitcoin's price once fell below 60,000 dollars, a drop of more than 50% compared to the historical high of about 126,000 dollars in October 2025, with a market value evaporating about 111 billion dollars overnight.
Even more tragic were the chain liquidations under high leverage. According to Coinglass data, over 410,000 people were liquidated globally in the past 24 hours, with a total liquidation amount reaching 2.069 billion dollars. Among them, the liquidation of long positions betting on an increase accounted for more than 87%, becoming the group with the heaviest losses in this crash.
2. Desperate counterattack: Bitcoin returns to 71,000 dollars, staging a "V-shaped reversal"
Just as the market fell into extreme panic, believing that a bear market was inevitable, the plot reversed on the evening of February 8. Bitcoin's price suddenly surged, reaching the 71,000 dollar mark, with a rise of over 4.67% within 24 hours.
This wave of strong rebound not only reclaimed some lost ground but also shifted market sentiment from "extreme fear" to "cautiously optimistic." Data shows that during the rebound, over 90,000 people were liquidated due to misjudging the rhythm, with liquidation amounts exceeding 300 million dollars, once again confirming the cruelty of the cryptocurrency circle's "double kill" of long and short positions.
3. Market reflection: Crisis of confidence and regulatory changes
The root cause of this round of violent drop is generally attributed by the market to a "crisis of confidence." On one hand, U.S. Treasury Secretary Janet Yellen hinted that "the U.S. government will not rescue cryptocurrencies," shattering the market's fantasy of policy support; on the other hand, expectations for a hawkish shift by the Federal Reserve have put pressure on risk assets in general, with funds flowing back from the cryptocurrency circle to traditional safe-haven assets.
Conclusion:
The cryptocurrency circle is never short of drama. From "halving" to "rebound," from "liquidation" to "recovery," this roller coaster market once again reminds investors: in a market lacking real value anchors, high leverage is always the Damocles sword hanging over your head.
