Starting from 00:30, within 41 minutes, the BTC price plummeted from $81,247 to $78,188, a decrease of 3.77%.

On February 1, 2026, mainstream assets such as BTC and ETH experienced a sharp crash during the trading session in the East Eight Zone, plummeting from high levels: Bitcoin reached the $70,000 range again after 296 days but quickly fell back, while Ethereum recorded a dramatic drop of approximately **11.8%** within 24 hours. As prices plummeted, a chain reaction of liquidations occurred in the derivatives market, with Coinglass data showing that the total liquidation scale across the network reached as high as **16.

On February 1, 2026, **the price of Bitcoin briefly broke through the support level of $81,000, dipping to around $80,500**. During the major trading hours in the East Eight Zone, it recorded a **daily decline of 3.87% (Bitget data)**, and on a 24-hour basis, it fell by about **1.8% (HTX data)**, marking a new low in nearly 10 months. Over the past period, the price has been fluctuating around the **$80,000 to $82,000 range**, which is both a densely traded area in terms of technical patterns and a stronghold for bulls.

Starting from 22:15, within 12 minutes, the price of ETH plummeted from $2612 to $2555, a decrease of 2.16%.

On January 31, Eastern Standard Time, **BTC, ETH, and SOL** simultaneously fell from their highs, triggering a wave of concentrated deleveraging across the entire market. The prices of the three major cryptocurrencies broke through key support levels: **BTC fell below $82,000, ETH fell below $2,600, and SOL fell below $110**, leading to a large-scale liquidation of positions across the entire network. According to statistics, the total liquidation amount within 24 hours reached **$713 million**, with ETH-related liquidations accounting for approximately **$495 million**.

On January 31, 2026, **Step Finance**, an important aggregator in the Solana ecosystem, was reported to have suffered a serious security incident involving its treasury and fee wallet, with approximately **261,854 SOL** being unstaked and transferred to an unknown address, valued at nearly **30 million dollars** at the time. This project, which has long played the role of "asset dashboard and yield aggregation entry" for Solana DeFi, suddenly exposed a fatal gap on the treasury side, making the entire ecosystem aware of

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1.31 Bitcoin and Precious Metals Trend Analysis: Continuation of Bearish Trend or Imminent Rebound?

1.30 Market Analysis, Bitcoin is accelerating its decline, the bearish trend is confirmed, and the target of 80,000 is within reach.

This week, in the East 8 Time Zone, the price of Bitcoin briefly fell below **$83,000** (according to a single source), triggering a chain liquidation of leveraged long positions due to a short-term pullback, with approximately **$1.7 billion** in passive liquidations across the entire market within 24 hours (according to a single source), marking a key turning point in this round of market activity. At the same time, **BTC, ETH, SOL**, and several other assets, including **tokenized silver futures**, faced pressure simultaneously, leading to a concentrated clearing of leveraged positions in the futures and options markets.

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