Crypto Liquidations Hit $1.4 Billion in 24 Hours, Fourth-Largest 90-Day Flush

Long positions were the most affected ones, accounting for $1.24 billion out of the $1.45 billion recorded so far. Bitcoin

leads the liquidations by a large margin, totaling $738.83 million—two times more than Ethereum

at $337.45 million in second place. Solana

has the third-largest liquidations at $77.28 million.

Notably, most of the liquidation events happened in the last 12 hours as this data approaches $1 billion. $646 million were liquidated in the last 4 hours alone and $85 million in the past hour of this data collection.

A historical chart from CoinGlass shows this as the fourth-largest daily liquidation event in the last 90 days, only losing to data from January 29, November 20 (2025), and January 30, in order.

Cryptocurrency liquidation history (90D), as of Feb. 5, 2026

Analysts Warn of Further Downside as BTC, ETH, SOL Plunge

All three cryptocurrencies with the largest recorded liquidations today have lost important price support levels during this crash caused by a long squeeze. They have now entered bear market territory and could visit lower levels in the following days and weeks if they do not recover from this fall. A recovery would mark a chart deviation and invalidate the bearish landscape.

Precisely, BTC was trading at $66,650, ETH at $1,960, and SOL at $83 per coin and tokens.

Bitcoin, Ethereum, and Solana 1D price charts, as of February 5, 2026

Michael Burry, known for predicting the 2008 crisis, warns Bitcoin could replicate its 2021-2022 collapse pattern, potentially dropping to $50,000 or lower, as Coinspeaker reported. Meanwhile, the Bitcoin analyst known as PlanB highlighted four possible bear market scenarios that could play out in the following days.