Crypto Liquidations Top $2.5B on Jan. 31, 2026 as Analysts Blame Thin Liquidity
On January 31, 2026, crypto liquidations exceeded $2.5 billion over 24 hours, placing the sell-off among the top 10 events on record. Analysts attributed the weekend drop to shallow liquidity and high leverage rather than policy moves or tensions around Iran, noting three waves that wiped about $1.3 billion within 12 hours.