On February 1st, per HTX market data, Ethereum dropped below $2,400, notching a 24-hour decline of over 10.7%.
The crypto market is experiencing a widespread sell-off, with Bitcoin returning to the $70,000 range for the first time in nearly 300 days, and Ethereum plunging 11.8% in 24 hours.
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In the last 4 hours, total liquidations across the board amounted to $10.89 billion, with $16 billion in the past 24 hours.
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Bitcoin Accelerates Downward, Breaking Below $79,000, 24-hour Loss Widens to 4.5%
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Bitcoin Breaks Below Prior Low of $80,600, Establishes New Low Since April 11, 2025
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If Bitcoin drops below $80,000, the mainstream CEX’s total long liquidation volume will reach 402 million.
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A whale has placed a buy order above $60,000 to catch the falling knife, with an order size of $5 million.
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