A trader alone lost 220 million dollars worth of ETH
Cryptocurrency traders will long remember this difficult weekend. On Saturday, January 31, 2026, Bitcoin fell below 80,000 dollars, even nearing 76,000. Altcoins obviously followed, especially Ethereum, for which the drop was even steeper. At the time of writing, the price of Bitcoin has lost 11.16% in 5 days, and Ethereum 21.18%.
A very steep drop for the second most popular crypto, which is partly due to the liquidation of a well-known whale in the crypto community: known by the pseudonyms Garrett Jin, BTC whale 11.10 or HL Whale, this trader capitulated after holding the largest long position ever recorded on Hyperliquid.
