Written by: Amrith Ramkumar, Dylan Tokar, Gina Heeb, The Wall Street Journal Translated by: Luffy, Foresight News Last week during the World Economic Forum in Davos, Brian Armstrong, the CEO of the largest cryptocurrency platform in the U.S., Coinbase, was having coffee with former British Prime Minister Tony Blair when Jamie Dimon, the CEO of JPMorgan Chase, suddenly interrupted their conversation.

Next week's key forecast On February 2, the White House plans to convene a meeting with bank and cryptocurrency industry executives next Monday to promote the progress of the CLARITY Act; Trump Media & Technology Group: The registration date for the digital token plan is February 2; On February 3, the Reserve Bank of Australia will announce its interest rate decision and monetary policy statement; CoinList will launch the public sale of the new AC project Flying Tulip (FT) in the early hours of February 3; On February 5, the Bank of England and the European Central Bank will meet on February 5...

The price of Bitcoin surged to a high of $81,118 amid intense volatility, with the positions of two major whales being marked in real-time on-chain. $146 million in assets vanished within 24 hours, accounting for 8.4% of the total market liquidation value. Two massive liquidation records are permanently etched on the blockchain: a $65.14 million long position in ETH on Hyperliquid and a $80.58 million long position in BTC on HTX were both forcibly liquidated. This marks a bloody cleansing in the crypto market over the past week.

In the early hours of February 1, 2026, major cryptocurrencies such as BTC and ETH suddenly lost key support in an environment of high leverage, with BTC briefly dipping to around **$75,719.9**, and then quickly rebounding back to the previous range, causing severe turbulence across the entire market. According to CoinGlass data, approximately **$2.367 billion** was liquidated across the network in just 12 hours, with the liquidation primarily affecting long positions, as high-leverage long orders were "reset." In MicroStrat

Bitcoin falls below $81,000 due to the Iran explosion and the U.S. government shutdown; Hyperliquid whale liquidations exceed $700 million; pension fund whale opens a position of 30,000 ETH; CertiK report states that losses from vulnerabilities in January amounted to approximately $370.3 million.

The main impact of the price decline is slowing Strategy\\\'s ability to buy more bitcoin without diluting shareholders, as its stock now trades at a discount to its bitcoin holdings.

Glassnode data shows large bitcoin holders accumulating, while retail remains in distribution.

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.

Traders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone.

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

Months after Oct. 10’s flash crash and liquidation cascade, a fresh spat has opened between exchange executives and market watchers over whether a leveraged yield loop, thin liquidity, or busted market plumbing did the real damage.