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Bitcoin, ether rebound after weekend low-liquidity rout: Crypto Markets Today
The weekend’s low liquidity triggered $2.5 billion in leveraged long liquidations, erasing $290 billion in crypto value before a modest recovery, analysts reported.
- Reported February 2, 2026, a thin‑liquidity weekend sell‑off wiped out about $2.5 billion in leveraged longs, sending bitcoin below $80,000 and briefly into the low $74,000s.
- With traditional markets closed and institutional desks sidelined, shallow weekend order books amplified selling, while persistent ETF flows and leveraged traders faced fragile sentiment and cascading liquidations.
- On the futures market, CME bitcoin futures opened at $77,730 after Friday's $84,105 close, Michael Saylor's Strategy's $76,000 line flipped to resistance, and Ether fell below $2,200 with $300 million liquidated.
- The fallout erased roughly $290 billion in crypto market cap since Saturday and pushed market-wide futures open interest down to $108.94 billion, leaving markets exposed to further liquidation moves.
- Market strategists recommended selectively managing downside risk as options desks showed heightened hedging demand, with Deribit’s $75,000 puts matching interest in $100,000 bets.
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18 Articles
Bitcoin investors have liquidated $2.56 billion in the past few days, according to data provider CoinGlass, as the cryptocurrency plunged following a sell-off in other risk assets, including stocks and precious metals, according to Reuters. The sell-offs in both short and long Bitcoin positions are well below the record $19 billion in crypto liquidations the market experienced after U.S. President Donald Trump announced new tariffs on China. Sti…
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