Bitcoin Plunges Below $80,000 as Forced Liquidations Exceed $2 Billion in a Week

Bitcoin dropped below $80,000 on February 2, 2026, hitting a low of $74,876—the weakest level since April 2025—as forced liquidations and broad risk-off sentiment triggered a market-wide selloff. The cryptocurrency lost roughly 12% over the past week, erasing more than $200 billion in market value. Data from CoinMetrics showed Bitcoin trading at $77,494.65 early Monday in U.S. Eastern time. Analysts attributed the decline to synchronized risk aversion across global markets, amplified by thin weekend liquidity. Coinglass reported over $2 billion in crypto futures liquidations since Thursday, including a single-day record of $2.56 billion in total crypto liquidations on Saturday. Meanwhile, digital asset investment products saw $1.7 billion in outflows last week, bringing year-to-date net outflows to $1 billion, according to CoinShares.