The cryptocurrency market experienced a significant downturn today, January 30, 2026, with total liquidations reaching approximately $1.68 billion. This figure is primarily driven by the liquidation of long positions, which accounted for around $1.57 billion of the total, as reported by Coinglass.
Over 270,000 traders were affected globally, with the largest single liquidation occurring on HTX, where an $80.6 million BTC-USDT position was closed. This sell-off has contributed to a broader decline, resulting in a total market capitalization falling below $3 trillion, representing a loss of over 5% in just one day.
In terms of specific price movements, Bitcoin has seen its value dip to $83,000, while Ethereum is currently priced at $2,754. This sharp decline in cryptocurrency values has also impacted the stock market, with U.S.-listed crypto stocks experiencing significant drops. Notably, Strategy and BitMine recorded declines close to 10%.
As the market grapples with these liquidations and price declines, traders and investors are advised to remain vigilant and informed about ongoing developments in the cryptocurrency landscape.
