Solana, Hyperliquid and TRX face major liquidation risk in early February

The crypto market enters the first week of February with Solana (SOL), Hyperliquid (HYPE) and Tron (TRX) facing major liquidation risks amid intense volatility, BeInCrypto reports. Bears still hold the advantage but bulls are spotting opportunities, raising the chance of sharp price swings and liquidation losses for both long and short positions.

Solana briefly dropped below $100 early in February and CoinGlass data show potential short liquidations dominate the 7-day heatmap. A price near $100 is a key two‑year support zone, and BeInCrypto analysis notes more than 10 million new Solana addresses were being created daily in January.

CoinGlass suggests a rebound above $113 could trigger about $500 million in short liquidations, while a fall toward $86 could liquidate roughly $142 million in long positions. Hyperliquid has rallied about 50% since the January 21 bottom, yet its liquidation map is relatively balanced between longs and shorts.

BeInCrypto says that from the current price near $31, a move to $35.5 could liquidate around $80 million in shorts while a drop toward $26 could liquidate about $80 million in longs. Catalysts include a 90% reduction in monthly team allocations and demand for trading metal pairs, but reports also flag capital outflows and thin liquidity; recent spinning top candlesticks may signal an impending large swing.

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