Crypto Chaos Week: 638 Million in Token Unlocks, 2.5 Billion Liquidations, and DeFi Sparks Flying
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Crypto Chaos Week: 638 Million in Token Unlocks, 2.5 Billion Liquidations, and DeFi Sparks Flying
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About this listen
Hey folks, Crypto Willy here, your best bud diving deep into the blockchain revolution for this wild week leading up to February 3, 2026. Buckle up—the crypto seas have been stormy, but DeFi's got some sparks flying!
Markets kicked off February with a bang—or should I say a crash. BeInCrypto reports over $638 million in token unlocks hitting this first week, starring Hyperliquid's HYPE dropping 9.92 million tokens worth $303 million on February 6—their Layer-1 perp DEX beast with sub-second finality. XDC Network unleashes 841 million XDC on the 5th for trade finance tokenization, plus Berachain's BERA, Ethena's ENA, and Tribal's TRIBL joining the supply party. Expect volatility, team—HYPE's already rallied 22% per Coinpaper, cracking crypto's top 10!
But oof, the bloodbath: 99Bitcoins details a manic Monday on January 31 with $2.5 billion in liquidations—tenth biggest ever—Bitcoin dipping to $77k, Ethereum risking sub-$2k at $2,238 (down 7%), Solana at $102 (off 5%), XRP at $1.60 (down 4%). Total market shed $800 billion from October peaks, BTC dominance at 60%, Fear & Greed at 14. Finbold says Polymarket bettors give XRP 53% odds over $1.80 by month-end, but historical Feb weakness eyes $1.24 lows amid corrections. Sergey Tereshkin's update on February 3 notes BTC stabilizing at $78k-$80k after 35% drop from $125k ATH, altcoins at multi-month lows, institutions pausing ETFs with $1B outflows.
Drama alert: OKX CEO blasts Binance for fueling October's $19B liquidation cascade via USDe promo, per 99Bitcoins. Justin Sun's hit with TRX manipulation claims from a ex-partner, chat logs to regulators. Yet optimists shine—Tom Lee via DLNews calls this near bottom as Bitmine's ETH paper losses hit $6.6B; some analysts on Fox Business and YouTube eye BTC to $1M long-term despite bear market chatter from XTB's 40% crash note.
Kraken's blog hints at 2026's macro Bitcoin cycle with onchain DeFi innovations ahead. Whew, what a ride—liquidations flush the weak hands, setting up rebounds if supports hold.
Thanks for tuning in, crypto crew—catch you next week for more! This has been a Quiet Please production—for me, check out QuietPlease.ai. Stay stacked!
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