Liquidations of the cryptocurrency market amounted to $ 800 million in just one day

The cryptocurrency market has experienced a sharp drop: on Monday, February 2, 2026, its capitalization decreased by 2.5% to $ 2.57 trillion, according to CoinMarketCap. The daily volume of liquidations reached almost $ 800 million, which was the result of bitcoin’s collapse below $ 76,000 the day before, when forced closures of $ 2.6 billion worth of positions were recorded.

Other assets followed bitcoin’s decline. Ethereum lost more than 8%, but is currently trading above $ 2200. In total, liquidations on futures contracts amounted to $ 796.12 million: long positions brought losses of $ 597.55 million, and short positions — $ 198.58 million. A total of 200,987 traders were affected, with the largest losses on bitcoin ($ 265.51 million) and Ethereum ($ 292.98 million).

The Fear and Greed Index dropped to 15 points, indicating extreme fear among investors. The index dropped by nine points overnight. Bitcoin’s market dominance is almost 60%, which emphasizes its key role in the overall dynamics of crypto assets.

The correction also affected other markets. Gold fell to $ 4400, silver to $ 71. Shares of large companies also lost value: in particular, Meta Platforms fell by about 3%.

Analysts attribute the decline to a new partial US government shutdown and the worsening political situation between Washington and Tehran. These factors put additional pressure on global financial markets, increasing uncertainty for investors.