According to CoinMarketCap, on February 2, 2026, the market capitalization of the crypto market fell by 2.5% and stands at $2.57 trillion, while the daily liquidation volume reached nearly $800 million. Bitcoin is trading above $78,000, while its drop below this value the day before caused liquidations of $2.6 billion.

Following Bitcoin, other crypto assets also noted declines. Ethereum, in particular, has dropped more than 8%. However, the coin is currently trading above $2300.

The collapse of the crypto market led to liquidations on futures contracts amounting to $796.12 million. Long position holders incurred losses on many assets amounting to $597.55 million, while short position holders faced losses of $198.58 million. A total of 200,987 traders recorded losses. The share of liquidations among Bitcoin and Ethereum traders amounted to $265.51 million and $292.98 million respectively.

BTCUSDT

Perp

65,380.7

-2.77%

ETHUSDT

Perp

1,916.18

-1.44%