Bitcoin Crashes Below $73K as $740M in Crypto Positions Get Liquidated

๐Ÿšจ Bitcoin's $740M Wipeout

By Coinbidex
Feb 6, 2026, 4:17 PM
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Bitcoin dropped below $73,000, triggering $740 million in liquidations across crypto markets.​ The sharp decline caught traders off guard, with long positions bearing the brunt of the losses.​

Key Points:

  • BTC fell below $73K threshold
  • $740M in total liquidations recorded
  • Long traders suffered majority of losses
  • Market volatility continues to impact positions

This follows a pattern of significant liquidation events in recent months, including a $700M wipeout in July and $1.​31B in February.​

Sources
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