2.05 Crash Night——Longs Broken, Who Is Taking Advantage?
1/6 🚨 Battle Report: The Liquidation Wave Is Coming, Tonight the crypto market is undergoing the most severe "deleveraging" since the beginning of 2026.
🔹 BTC just experienced a death spike, hitting a low of $69,112.
🔹 Total liquidations: Over $320 million liquidated in the past hour.
🔹 Long Minefield: Over half of the $1.2 billion leverage around $70,000 has been triggered, with the remaining $700 million waiting for the ultimate judgment at $68,800.
2/6 🛡️ ETH's Defense Battle Despite BTC being in a frenzy, ETH is currently holding onto $2,050. Although rumors are circulating about breaking $2000, the spot buying around $2,030 is showing remarkable resilience. As long as this level holds, ETH is forcefully sustaining the entire DeFi sector.
3/6 🔥 UNI's "UNIfication" Moment Don't forget today's protagonist $UNI. ✅ 100 million UNI burned has entered the final countdown. ✅ The buyback mechanism (Firepit) has officially absorbed V2/V3 transaction fees. This is why, despite the market crash, UNI can quickly rebound at $3.5. Deflation is the only antidote in a bear market.
4/6 🧪 INJ's "Supply Squeeze" The $INJ community has just passed the IIP-617 proposal, doubling the deflation rate (8%). Although the price followed the market back to $3.45, the total destruction amount of 6.85M indicates: the price is dropping, but the value is rising. Whales are placing orders to buy blood at the $3.38 Fibonacci level.
5/6 🌍 Macro Fog Abu Dhabi negotiations have entered deep waters, and U.S. Treasury yields are rebounding. The market is shifting from "mad expansion" to "value return." The most severely affected are the "air coins" that inflated the most last year; protocols with burning and buybacks are building a bottom.
6/6 🦁 Lion's Summary: Liquidation is not the end but the starting point for redistributing chips. BTC went to 69112, and ETH hasn't broken 2000 yet, indicating that the real institutional big players are not planning to give up. Operation Advice: Don’t rush to catch rebounds in the liquidation wave; wait until that $1.2 billion is blown out, and that will be the best entry point.
