Coinbase(US:COIN) Xin Lang Cai Jing·2026-02-06 21:01Core Insights - Coinbase's crypto collateral lending product has experienced its highest liquidation scale since launch amid significant declines in Bitcoin and Ethereum prices this week [1] Summary by Categories Liquidation Scale - Over the past 7 days, cumulative liquidation losses reached approximately $170 million, with a single-day liquidation amount of about $90.7 million on Thursday [1] - Around 2,000 users had their collateral assets liquidated during this period [1] DeFi Platform Involvement - The related loans were executed through the DeFi platform Morpho, which operates under a default over-collateralization model [1] Potential Risks - If the collateral assets were to decline by an additional 50%, the potential liquidation scale could reach up to $600 million [1]