Market Analysis

$2.5 Billion Liquidated: Crypto Market Cursed with Following Declines but Not Rallies

A massive crypto market crash on January 31 led to $2.522 billion in liquidations, with Bitcoin falling below $78,000 (a 7.6% drop) and Ethereum plunging over 12% to under $2,400, erasing gains from mid-2025. Solana also dropped sharply, falling below $100. The sell-off was triggered by broader financial turmoil, beginning with escalating geopolitical tensions and accelerated by a severe crash in precious metals. Gold and silver saw dramatic drops—15.7% and 37%, respectively—after reports suggested former Fed official Kevin Warsh, perceived as hawkish, might be nominated as the next Fed chair. This sparked a repricing of expectations around U.S. monetary policy and a stronger dollar. The crypto market, positioned at the bottom of the risk asset hierarchy, suffered disproportionately—falling more sharply than traditional markets during downturns without matching their rallies. Major players were heavily impacted: trader Garrett Bullish saw over $700 million liquidated in a single position on Hyperliquid, while institutional entity Trend Research faces nearly $500 million in unrealized losses on its Ethereum holdings. Despite Bitcoin’s price relative to gold hitting historic lows—a signal some interpret as a potential long-term buying opportunity—the event underscores crypto’s current role as a high-risk asset vulnerable to macro shocks, lacking the stable store-of-value status of traditional safe havens. The market is now questioning what will sustain long-term holding through periods of deleveraging and uncertainty.

Odaily星球日报02/01 01:01

Metals crash, but altcoins aren’t leading the rotation – Here’s why

Metals experienced a sharp sell-off, with gold dropping 8% and silver plummeting 27% in a historic single-day decline. Despite this, Bitcoin remained stable, slipping only 0.54% and holding above $80k, while BTC dominance increased. Typically, such conditions lead to capital rotation into altcoins, but current data shows no significant shift, with the Altcoin Season Index stagnant around 40. This indicates that investors view the metals crash as a corrective pause rather than a risk-off event, preferring to recalibrate back into metals rather than altcoins. The lack of rotation suggests continued hesitation toward altcoins, reinforcing metals as the preferred hedge and delaying any potential altcoin rally.

ambcrypto01/31 23:03

How ENSO defied crypto drawdown with 30% price rebound

Despite a broader crypto market downturn with Bitcoin and altcoins losing significant value, Enso (ENSO) defied the trend with a substantial price rebound. The token surged 30.8% in 24 hours, accompanied by a 530% increase in daily trading volume. Technical analysis on the 1-day chart indicated bullish strength, as ENSO quickly recovered after briefly breaching key support levels. The $1.45 price point is identified as a crucial local support, with a drop below potentially leading to a retest of $1.30. Such levels could present buying opportunities, with upward price targets identified at $1.60-$1.70, $1.95-$2.0, and $2.45. The overall sentiment remains bullish for ENSO despite the market-wide sell-off.

ambcrypto01/31 21:02

Ethereum at risk: Will ETH’s $2.5K–$2.6K support zone hold?

Ethereum (ETH) is testing a critical support zone between $2,500 and $2,600, a level previously strengthened by ETF and accumulation activity. Currently trading at $2,692, ETH is forming a bearish "head and shoulders" pattern on the weekly chart, signaling potential downside risk. The asset faces significant pressure from substantial institutional outflows, with Ethereum ETFs seeing $113 million in outflows on January 30th, 2026. However, a surge in Spot Taker Buy Volume suggests aggressive buying emerged as ETH fell below $3,000, indicating possible resilience. The future trajectory hinges on whether this buying pressure can counterbalance outflows and hold key support, with a U.S. government shutdown adding to the uncertainty. A break below support could lead to further decline.

ambcrypto01/31 19:02

Uniswap whale sells $10M in UNI – Can $4 support still hold?

Uniswap (UNI) dropped to a two-year low of $4.11, with a slight rebound to $4.15 at press time. A long-term whale sold 2.49 million UNI ($10.62 million) after five years of dormancy, realizing $1.72 million in profit. This sale, along with a surge in exchange inflows and a two-month high exchange supply ratio of 0.09, indicates increased selling pressure and distribution risk. Technical indicators show strong bearish momentum, with the RSI at 27 and RVGI at -0.12, signaling seller dominance. If selling continues, UNI could break the $4 support and fall to $3.8. However, a significant reversal could see it reclaim $4.8 if buyers step in.

ambcrypto01/31 15:02

RIVER sell-off deepens – Will prices dip further as liquidity drains?

RIVER's market outlook has turned decisively bearish after erasing nearly half of its previous 200% rally. Investor sentiment has plummeted to 32%, with only a minority of traders remaining bullish. On-chain data shows a slight decrease in wallets, and significant selling pressure is coming from large holders who control 88.09% of the supply. Liquidity is draining, with Open Interest down 5% and $7.75 million exiting the market. The funding rate is negative, indicating dominant short positions. Technical indicators like the MACD and Parabolic SAR confirm sustained bearish momentum, suggesting further price declines are likely in the near term.

ambcrypto01/31 14:02

Next Crypto to Explode: 5 Projects to Watch, Led by Ripple (XRP) and Little Pepe (LILPEPE)

TheNewsCrypto01/31 13:25

Ethena hits all-time low: Why isn’t USDe adoption helping ENA?

Despite the growing global adoption of its synthetic stablecoin, USDe, and its recent listing on crypto exchange HTX, the Ethena (ENA) token hit a new all-time low of $0.1484 on January 30th. The price has remained in a bearish trend since late September 2025, failing to react positively to new partnerships. Analysis shows that while some whales were buying and staking ENA, retail investors were selling. The token's price action is well below its realized price, and the percent of supply in profit has been under 10% since mid-November, indicating a high-risk environment for buyers. Despite ENA's bearish price performance, the Ethena protocol itself has shown resilience, with USDe maintaining its peg during market stress.

ambcrypto01/31 13:02

Extreme Fear in Crypto Signals Potential Market Rebound

The crypto market is experiencing extreme fear, which analysts suggest could signal a potential bullish reversal. Despite recent volatility driven by macroeconomic pressures, underlying strength is visible through recovering Bitcoin ETF inflows and Ethereum network growth. On-chain data indicates a bottoming pattern, with reduced exchange inflows and steady accumulation by long-term holders. Market psychology shows that fear often peaks before recoveries, creating opportunities for contrarian traders. Institutional investment continues to grow, focusing on infrastructure rather than short-term price movements. While extreme fear doesn't guarantee an immediate rebound, it often marks a turning point where selling exhausts and new bull cycles begin.

TheNewsCrypto01/31 08:55

After Privacy Coins Surge, Does It Mean a Bear Market Is Coming?

The article explores the sharp rise in privacy coins like ZEC and XMR as a potential signal of an impending bear market in the crypto cycle. Historically, privacy tokens tend to surge when other narratives—such as DeFi or NFTs—lose momentum, often marking a final speculative push before a downturn. In 2017, coins like ZEC and XMR gained attention as "better Bitcoin" alternatives, fueled by technological appeal and hype. By late 2021 and early 2022, privacy projects like Aleo attracted massive investments, though they ultimately failed to deliver practical, mainstream adoption. The recent surge in late 2025, with ZEC rising 20x in three months, lacked clear catalysts but may reflect growing unease with increasing regulatory scrutiny and reduced financial privacy in crypto. While figures like Arthur Hayes and firms like a16z promoted "privacy-as-a-service," the author suggests this may have been a tactic to facilitate sell-offs rather than genuine growth. The piece argues that extreme privacy features—such as Monero’s fully anonymous transactions—often cater to illicit use cases rather than mainstream needs, making them a target for regulators and exchanges. Most users and regulators seek balanced privacy—protection without complete anonymity—which current privacy tokens fail to provide. Without addressing real-world utility and acceptable levels of privacy, these coins may remain the last resort in cyclical market pumps, often leaving investors at a loss.

marsbit01/31 08:05