Market Signal Briefing

Dogecoin's slide into a long descending channel has put $0.12–$0.14 support in focus, with analysts warning a clean break lower could turn controlled drift into a sharp flush.

Gold and silver prices retreated after scaling record highs as traders moved to lock in profits following an extended rally. The weakness spilled into equities, with the S&P 500, Nasdaq, and technology stocks sliding sharply. Market sentiment turned cautious after earnings from Microsoft raised concerns around slowing AI-related spending.

Crypto markets mirrored the broader risk-off move. Bitcoin price slipped close to the $81,000 level, while major altcoins extended losses. Forced selling and liquidations in leveraged positions accelerated the decline, amplifying downside pressure across digital assets.

Stronger Dollar Emerges as a Key FactorThe simultaneous drop across precious metals, stocks, and crypto raised a key question: was this driven by a single negative headline or a combination of profit-taking, stretched valuations, and tightening financial conditions?

Unlike typical market cycles, where gold rises as stocks and crypto fall, this move reflected a broader liquidity-driven reset rather than asset-specific weakness. After weeks of strong gains, multiple markets appeared overbought, leaving prices vulnerable once risk appetite faded.

One of the main macro drivers behind the sell-off has been renewed strength in the US dollar. The DXY Index, which tracks the dollar against a basket of major currencies, reversed its recent downtrend after falling more than 3% since mid-January. The rebound signals renewed demand for the greenback as investors rotate toward safety and liquidity.

The momentum gained further support after the latest FOMC decision kept interest rates unchanged. Adding to the shift in sentiment, reports around a potential new Federal Reserve Chair also influenced expectations, strengthening the dollar and pressuring risk assets priced in USD.

What Next for Bitcoin (BTC) Price—Will it Hold the $80,000 Support?Bitcoin’s price action suggests the market is entering a decisive phase after breaking below the ascending channel that previously guided its recovery. This breakdown indicates fading bullish momentum and increases the probability of further downside in the near term. If BTC fails to reclaim the $88,000–$90,000 resistance zone, sellers may continue to dominate, dragging the price toward the $80,600 support level. 

A deeper pullback into the $77,000–$74,000 demand zone cannot be ruled out if selling pressure intensifies. However, this region remains crucial for the broader structure, as a strong reaction here could signal stabilization and renewed accumulation. Overall, Bitcoin is likely to remain volatile, with price direction hinging on how it reacts to these key support levels.

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In brief U.S. spot Bitcoin ETFs saw $817 million in net outflows Thursday, led by BlackRock’s IBIT with $317.8 million in outflows. Analysts point to Kevin Warsh’s potential Fed Chair nomination as a “hawkish” signal that is forcing a massive deleveraging of arbitrage capital. Bitcoin's correlation with tech stocks returned as Microsoft's disappointing 2026 guidance added to the global risk-off mood. U.S. spot Bitcoin exchange-traded funds (ETFs) notched a massive $817 million net outflow on Thursday, as the leading cryptocurrency’s price plummeted to a nine-month low.

The exodus was led by BlackRock’s IBIT, which saw $317.81 million in redemptions—a figure higher than the combined outflows of Fidelity’s FBTC ($168.05M) and Grayscale’s GBTC ($119.44M), according to SoSoValue data.

The aggressive selling followed a streak of negative catalysts that pushed Bitcoin out of its multi-week trading range, with the price bottoming at $81,315 in early trading—its lowest level since April 2025.

Bitcoin’s price crashThe price drop and ETF outflows were driven by a confluence of policy shifts and disappointing corporate data. This includes the looming announcement of a new Federal Reserve Chair—with speculation centering on Kevin Warsh—and a spillover effect from the equity markets, according to a previous Decrypt report.

Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, have sharply repriced their outlook after Thursday’s collapse. Bitcoin’s chance of hitting $100,000, as a result, has dropped from 70% yesterday to 49% as of this writing.

“A streak of negative catalysts pushed Bitcoin to break its multi-week trading range to the downside,” Aurelie Barthere, Principal Research Analyst at Nansen, told Decrypt.

Barthere noted that Bitcoin’s correlation with U.S. equities has turned positive again. “Bitcoin sold off with equities following the market’s disappointment in Microsoft’s Q4 2025 financial results and its cautious guidance for 2026.”

The transition in Fed leadership is also fundamentally altering the “basis trade” that has sustained ETF volumes for months, Tim Sun, senior researcher at HashKey Group, told Decrypt.

“From a capital structure perspective, Bitcoin spot ETFs function as a critical channel for leveraged capital to engage in spot-futures and basis arbitrage,” Sun explained. He said that the market is repricing the interest rate path as the probability of Kevin Warsh becoming the next Fed Chair rises.

“This segment of capital is exceptionally sensitive to shifts in liquidity,” Sun said. “As investors lower their overall risk profiles, they are rotating out of high-volatility assets and into traditional safe-haven and inflation-hedge assets like gold.

This shift has amplified ETF outflows and contributed to the sluggishness in Bitcoin’s recovery.”

Macro headwinds mountOther macro headwinds have compounded the pressure.

While a potential U.S. government shutdown was averted late Thursday by a Senate funding deal, the market remains on edge over Trump’s executive order declaring a national emergency regarding oil tariffs and ongoing tensions in the South China Sea.

“Flow-wise, we have been observing a slow capitulation in ETFs, options, and miner activity for some time,” Barthere added.

Bitcoin is currently trading at $82,687, down nearly 6% over the past 24 hours, according to CoinGecko, as the market awaits the official White House announcement of the Fed Chair nominee later today.

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A Bitcoin (BTC) metric tracking the electricity cost to mine one coin is flashing a warning for the bulls, with a so-called “miner exodus” adding to the bearish outlook.

Key takeaways:

BTC could fall toward the $59,000–$74,000 miner cost zone.

Big hash rate drops often precede rebounds toward Bitcoin’s energy value at $121,000.

Mining data hints BTC may decline below $60,000As of January, the estimated average in electricity costs to mine a single Bitcoin is $59,450, while the net production expenditure is about $74,300, according to data from crypto-focused hedge fund Capriole Investments.

BTC/USD daily chart vs. production and electrical cost. Source: Capriole InvestmentsBitcoin was trading at around $82,500 on Friday, still above the miners’ estimated costs.

Many miners can keep operating even if the price declines below the average cost. The market has room to fall toward the $74,300–$59,450 zone before they feel real pain, according to Charles Edwards, the founder of Capriole Investments.

“This has expanded the potential range for near-term downside,” he said, further citing an ongoing “Bitcoin miner exodus” behind the bearish outlook.

Bitcoin’s hash rate dropped to mid-2025 levels at the end of January, with some analysts speculating that BTC miners reallocated their resources to power AI operations instead. In contrast, others blamed the US winter storm for the drop in BTC hash rates.

Bitcoin total hash rate (TH/s). Source: Blockchain.comHash rate dips could be bullish for BitcoinBitcoin has seen hash rate drops before and bounced back, according to Jeff Feng, co-founder of Sei Labs.

When some miners shut down, the network lowers mining difficulty over time. That makes it easier and cheaper for the remaining miners to earn BTC, which stabilizes the network.

After China’s 2021 mining ban, for example, the hash rate fell about 50%, and BTC slid from around $64,000 to $29,000. But the price recovered to $69,000 within five months.

BTC/USDT vs. hash rate weekly chart. Source: TradingViewBitcoin’s fair price was around $120,950 as of Friday, according to its energy value, a metric that estimates Bitcoin’s fair value based on the network’s energy and production inputs.

Historically, BTC climbs back toward its energy value after a prolonged downtrend.

BTC/USD vs. energy value daily chart. Source: Capriole InvestmentsFor Bitcoin, that suggests that the price could bottom around anywhere from $74,300 to $59,450, and any rebound can trigger a mean-reversion move toward the energy value price.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

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Bitcoin continues to weaken as the price trades under growing structural pressure, reflecting sustained seller dominance at the daily level. The current price action displays constrained liquidity status, diminishing upside follow-through and decreasing responsiveness to demand. This pressure occurs as the macro uncertainty increases and puts additional pressure on a weak structure. 

Regardless of changing political narratives, Bitcoin has not attracted stabilizing inflows, keeping downside risk alive. The core analytical focus now centers on whether current structure can stabilize organically, or whether BTC price must revisit deeper demand zones before recovery conditions can form.

Trump’s Fed Chair Choice Reshapes Macro Risk For Bitcoin Bitcoin price faces renewed macro tension as Donald Trump signals plans to name the next Federal Reserve Chair Today, reducing uncertainty around future monetary policy direction. This development arrives while BTC price already reflects sensitivity to rate expectations and institutional credibility. 

The fact that Trump favors looser monetary conditions raises policy-independence concerns, which the market is likely to value as risk before it becomes clear. As a result, Bitcoin price has not responded with defensive inflows, keeping traders focused on structure rather than political optimism.

Previously, pro-crypto Governor of the Federal Reserve Chris Waller had a brief burst of momentum as a candidate due to anticipation of a more crypto-responsive policy approach. Prescription markets, however, have since repriced sharply. 

According to the polymarket odds, Kevin Warsh is the new favorite with about 94% probability, with Waller trailing him to 1%. This sudden change emphasizes the rapidity of the development of macro narratives. Thus, the Fed chair decision is not a directional trigger, but a volatility enhancer of BTC price unless policy clarification will be converted into observable liquidity transformation.

Fed Chair Odds Chart (Source: Polymarket ) Bitcoin Price Structure Indicates More Severe Pullback Risk The structure of the Bitcoin price still indicates further decline after the evident bearish pennant flag setup on the daily chart. At the time of press, BTC market value sits near $82,000, reflecting persistent sell-side control after repeated rejection at higher levels. 

This weakness followed a mid-January rally attempt toward the $100,000 region. However, BTC price stalled near $97,000 and failed to sustain momentum. 

The bearish pennant occurred when the price contracted in converging trendlines following that rejection indicating consolidation under the pressure instead of accumulation. 

Once BTC price broke below the lower boundary of the pennant, sellers reasserted control, confirming the pattern as a continuation structure rather than a pause.

Following this breakdown, BTC price has started drifting toward the $80,500 level, which now stands as the next structural demand zone. This movement is in line with worsening momentum behaviour. RSI rolled over from the 70 level during the mid-January rally attempt. 

BTC/USD 1D Chart (Source: TradingView) The indicator has declined steadily alongside price action since then now sitting at 30. This reinforce the sustained selling pressure rather than exhaustion. The price behavior reflect this decrease, with lower highs and weak rebounds, highlighting weak strength of recovery.

If the $80,500 level fails to hold under continued pressure, BTC price could extend losses toward the $75,000 before recovery. This negative aspect holds true provided that momentum does not stabilize and previous resistance areas are not taken back. Therefore, the long-term BTC price forecast remains corrective, with further downside favored unless buyers decisively repair broken structure.

Summary To sum up, Bitcoin price remains biased toward further downside as BTC price structure, momentum, and behavior remain aligned bearishly. The dominant outcome favors a move toward $80,500, with risk extending to $75,000 if selling pressure persists.

This assumption is true unless consumers recapture previous resistance areas with a sense of conviction. Until then, rallies will end up being a distribution, but not a recovery, mechanism. Therefore, the Bitcoin price forecast stays corrective, with stabilization dependent on structural repair rather than macro narrative shifts.

Frequently Asked Questions (FAQs) It can influence regulatory tone, liquidity frameworks, and institutional risk appetite over time.

It may support clearer policy engagement, reducing friction between crypto markets and regulators.

Because price behavior still reflects technical structure, not anticipated policy shifts.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Ethereum faces increased bearish pressure after falling below $2,700. Veteran trader Peter Brandt warns of further drop in Ethereum price due to ongoing selling, low liquidity, and outflows from spot Ethereum ETFs.

Veteran Trader Peter Brandt Warns Ethereum Price Crash Peter Brandt shared a 24-hour Ethereum price chart highlighting a symmetrical triangle pattern formation. He claims that the price has breakdown and flashes a classic bearish signal, indicating further downside risk.

Peter Brandt shared another chart depicting a right-angled broadening pattern for the Crypto Total Market Cap. It has fallen to the key support of $2.82 trillion after the crypto market crash.

Ethereum Daily Price Chart. Source: Peter Brandt He cautions that continued bearish pressure could push the total market cap down to $2.41 trillion, representing a 15-20% decline from current levels. Major assets such as Bitcoin, Ethereum, and XRP may experience further losses.

The bearish outlook comes as Ethereum struggles with broader market headwinds. The second-largest cryptocurrency is down over 46% in the past few months. Moreover, spot Ethereum ETF outflows suggest continued bearish sentiment among institutional investors.

Crypto Total Market Cap. Source: Peter Brandt On Thursday, spot Ethereum ETFs saw net outflows totaling nearly $156 million. Fidelity’s FETH led with $59.2 million in redemptions, followed by BlackRock’s ETHA at $54.9 million. Also, Grayscale’s ETHE and ETH saw at $13.1 million and $26.5 million in outflows, respectively.

Vitalik Buterin Withdraws 16,384 ETH A few days after warning of a potential crypto industry decline due to speculation and lack of real-world use, Ethereum co-founder Vitalik Buterin withdrew 16,384 ETH.

In an X post on January 30, Buterin confirmed that the withdrawn ETH would be used to meet two goals. He plans an aggressive roadmap for Ethereum to maintain its performance and scalability, without compromising robustness, sustainability, and decentralization.

Moreover, these funds will help the Ethereum Foundation ensure long-term sustainability and protect Ethereum’s core mission. This includes supporting the “core blockchain layer and users’ ability to access and use the chain with self-sovereignty, security, and privacy.”

Buterin is also exploring secure decentralized staking options, which would enable greater allocation of staking rewards toward these long-term goals.

Such withdrawals may contribute to short-term bearish sentiment or increased selling pressure, particularly during periods of market weakness.

Ethereum Price Action Ethereum price fell more than 7% in the past 24 hours, with the price currently trading at $2,733. The 24-hour low and high are $2,689 and $2,939, respectively. Furthermore, the trading volume has increased by 93% in the last 24 hours, indicating interest among traders.

Analyst Ted Pillows pointed out the $2,500-$2,600 as the next major support zone. This is where spot ETFs and DATs have accumulated their most ETH. The level is most likely to provide short-term support for a potential rebound.

Ethereum 1-Day Price Chart. Source: Ted Pillows CoinGlass data indicates a buy-the-dip sentiment in the derivatives market in the last few hours. Total ETH futures open interest fell over 10% to $34.89 billion in the past 24 hours. Four-hour ETH futures open interest on CME and Binance declined by more than 0.30% and 0.40%, respectively.

The exchange said it will use treasury reserves to replenish the fund if its value falls below $800 million. Binance is also working to complete restitution for South Korea’s GoFi users this year after regulatory approval of its acquisition of Gopax, with the crypto for repayments already set aside under third-party custody and reflecting the original asset amounts lost. The exchange is still awaiting additional approvals from South Korean authorities before distributions can begin.

Binance Shifts SAFU Into BitcoinBinance is re-denominating its Secure Asset Fund for Users (SAFU) entirely into Bitcoin over the next 30 days. In an open letter to the crypto community, Binance framed the move as a statement of conviction that Bitcoin is the core long-term asset of the crypto ecosystem rather than just another trading product. The exchange said it will maintain SAFU at roughly $1 billion and will use its own treasury reserves to top up the fund if volatility pushes its value below $800 million.

SAFU launched in 2018 and was funded through a portion of Binance trading fees. It is designed to reimburse users in “extreme” scenarios like hacks or critical platform failures. The fund was used in 2019 after a security breach resulted in the theft of around 7,000 BTC, with Binance covering all of the affected user losses without reducing account balances. 

What is SAFU (Source: Binance)

Since then, the exchange consistently positioned SAFU as a central pillar of its trust and risk-management framework, as user assets are held on a fully backed 1:1 basis and the fund itself is stored separately in cold wallets. Binance plans to stand by the industry through market cycles and uncertainty, and future reviews could consider allocations to other “core assets,” including BNB.

The shift is an evolution in SAFU’s composition. In 2024, Binance moved the fund’s stablecoin exposure from BUSD to USDC after the wind-down of its branded stablecoin, due to liquidity and reliability concerns while keeping the fund dollar-pegged. The latest transition removes stablecoins altogether, aligning user protection reserves with Bitcoin as a long-term store of value. 

Once completed, the roughly $1 billion allocation will equate to more than 12,000 BTC at current prices, pushing Binance’s total Bitcoin holdings well beyond those of publicly listed firms like Tesla and Trump Media. Binance said the SAFU Bitcoin will be custodied in its licensed clearing house regulated by Abu Dhabi Global Market, and that users can verify the fund’s balance on-chain as the conversion is completed within the coming month.

Top public Bitcoin treasury companies (Source: BitcoinTreasuries.NET)

Binance Targets GoFi Repayments in 2026Binance is also aiming to complete restitution for South Korea’s GoFi users this year, which will resolve one of the longest-running liquidity crises in the country’s crypto sector. In a recent interview, Binance Head of APAC SB Seker said there is broad alignment among users, regulators, and other stakeholders to finally close the chapter after years of delays.

GoFi was a DeFi lending service operated under South Korean exchange Gopax, and it  froze withdrawals in 2023 after its partner Genesis Global Capital halted withdrawals and later filed for Chapter 11 bankruptcy. The fallout left thousands of South Korean investors unable to access their funds and triggered a prolonged regulatory and operational standoff. Binance stepped in by acquiring a majority stake in Gopax in February of 2023, with the stated intention of injecting capital to make GoFi users whole, but South Korean regulators delayed approving the deal until late last year.

After receiving regulatory approval, Binance confirmed that the crypto earmarked for restitution is already set aside under third-party custody and that it will soon disclose the wallet address publicly. According to a notice from Gopax, the wallet contains 11 different cryptocurrencies mirroring the exact quantities lost by GoFi users, including 775.11 BTC, 5,766.62 ETH, and 706,184.46 USDC. 

Rather than compensating users based on fiat values at the time of the freeze, the restitution reflects the original crypto amounts. This means that beneficiaries stand to gain from the appreciation in assets like Bitcoin and Ethereum since 2023.

BTC’s price action over the past 3 years (Source: CoinCodex)

While the assets are ready, Binance still requires additional approvals from multiple South Korean government agencies before distributions can begin. The exchange is also finalizing a repayment structure designed to minimize operational and transaction costs for all parties involved. Seker said the goal is to complete the process within the year, ending a situation that has weighed on users, regulators, and Binance’s own ambitions in the country.

Once repayments are finalized, Binance plans to focus on stabilizing and upgrading Gopax by applying its global technical and security standards. Broader operational changes or a potential rebrand under the Binance name are still under consideration but are not yet confirmed. In the longer term, the company sees growth opportunities in South Korea across stablecoins, real-world asset tokenization, and institutional crypto adoption.

Bitcoin falls below $84K after repeated resistance, with analysts warning of a potential drop to $76K amid rising macro and market pressure.

Bitcoin (BTC) has slipped below the $84,000 mark after multiple failed attempts to break above $94,000–$97,000. This drop has raised concerns that a deeper move toward the $74,000–$76,000 zone may follow if the asset fails to recover quickly.

Break Below $84K Raises Caution Crypto analyst Dami-Defi said Bitcoin has faced “multiple rejections” near $94K–$97K, a zone that has acted as resistance more than once. After another failed breakout, the price fell below $84,000, a level that had held since November.

Dami-Defi added that a daily or weekly close under $84K could lead to further losses. The next area with strong support is between $74K and $76K.

They also mentioned that this drop seems to be part of a larger market trend and not limited to crypto alone, suggesting a wider shift in risk appetite across financial markets.

Past Cycles Point to Possible Deeper Drop Some analysts believe this decline could echo past bear market cycles. Aralez, a market observer, shared that in 2018, Bitcoin dropped 84% from its previous high. A similar move in this cycle, based on a projected 2025 peak of $126K, could push the price down toward $32K in 2026.

🚨 ALERT:$BTC is preparing for a massive dump to ~$32k

Every cycle, history repeats itself:

– 2017: $19k PEAK → 2018: -84.1%
– 2021: $69k PEAK → 2022: -77.4%
– 2025: $126k PEAK → 2026: -72.2%

Things are about to get worse – Bookmark it… pic.twitter.com/d5JTb8WRyV

— Aralez 🐕 (@0xAralez) January 29, 2026

The market has faced sharp losses recently, with Bitcoin falling over 6% in the past 24 hours. More than 274,000 traders were liquidated, totaling nearly $2 billion (per CoinGlass data).

You may also like: Crypto on Edge: Will Huge $8.3B Bitcoin Options Expiry Trigger Another Dump? Capital Exits Crypto as Gold and S&P 500 Hit Record Highs Bitcoin Price Plunges to 6-Week Low as Liquidations Explode Amid Iran Strike Fears Consequently, the price briefly touched levels not seen since April, moving within a daily range of $81,300 to $88,300. At the time of writing, CoinGecko lists Bitcoin at just above $82,600.

Beyond the price action, reports of rising tensions in the Middle East may be adding stress to the crypto market. The deployment of the Abraham Lincoln Carrier Strike Group near Iran has raised concerns about conflict escalation.

At the same time, there are reports that President Trump may nominate Kevin Warsh to lead the Federal Reserve. Warsh has spoken positively about crypto in the past, but traders reacted with caution.

Some Still See a Bullish Setup Not all market watchers are expecting a deep fall. Analyst Egrag Crypto said that Bitcoin’s larger structure still looks stable. They noted the price is holding above the 21-month EMA and inside a rising channel.

They explained that a move to $62K could be part of regular market movement in an uptrend.

“Only bearish if BTC accepts below it on monthly closes,” they said.

Egrag sees a 60%–65% chance that Bitcoin reaches $200K before any major correction.

Tags:

Midnight eyes recovery as roadmap progress and improving capital flows support upside.Hyperliquid shows independent strength as inflows rise and open interest expands rapidly.Monero pressure weakens as MFI signals exhaustion and privacy narrative regains traction.The crypto market is entering February with several altcoins showing early signs of trend shifts after weeks of volatility. Investor sentiment remains selective, with capital rotating toward projects backed by clear development roadmaps, improving on-chain metrics, or strong narratives such as privacy and decentralized infrastructure.

BeInCrypto has analysed three such altcoins that fit into these parameters and could form new all-time highs in February 2026.

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Midnight (NIGHT)NIGHT launched strongly in December 2025 but quickly lost momentum as early investors took profits. The sell-off weighed on the price through January. Conditions heading into February appear more constructive, however. Upcoming network developments and improving capital flow signals suggest downside pressure may be easing.

Two factors support a potential shift in trend. Midnight’s roadmap shows Q1 2026 centered on the Kūkolu phase, delivering a stable mainnet with trusted validators and privacy-first applications. At the same time, the Chaikin Money Flow is rising, signaling that outflows are shrinking and inflows may follow.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

NIGHT Price Analysis. Source: TradingViewIf inflows strengthen, NIGHT could rebound from the $0.053 level. Sustained buying would open a path toward the $0.120 all-time high, a 126% upside. Charles Hoskinson’s involvement adds credibility. Failure to sustain momentum, however, could send NIGHT lower toward $0.039.

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Hyperliquid (HYPE)HYPE currently trades near $29 and requires a 98% rally to revisit its $59 all-time high. Recent data shows a shift in investor behavior. The Chaikin Money Flow has moved above the zero line, signaling that inflows now dominate. Such transitions often mark early recovery phases, as buyers absorb supply and stabilize price action.

Correlation data adds further support to a bullish outlook. HYPE shows a -0.22 correlation with Bitcoin, indicating independent price behavior. Demand has also strengthened sharply. Hyperliquid’s HIP-3 open interest surged to $793 million on January 26–27, 2026, from $260 million a month earlier. This growth reflects rising interest in decentralized commodities trading and alternative market structures.

HYPE Price Analysis. Source: TradingViewIf momentum holds, HYPE could break above the $38 resistance and advance toward $47. Turning that level into support would confirm a recovery path toward $59. However, failure to sustain inflows would shift risk lower. Under renewed selling pressure, HYPE could slide toward $23 or even $20, invalidating the bullish thesis.

Monero (XMR) – MFIAnother one of the altcoins that could hit new all-time highs is Monero, which is trading near $437 after breaking below the $450 support level. The privacy coin has dropped about 30% over the past 11 days. Despite the decline, the Money Flow Index suggests selling pressure is approaching saturation, indicating that downside momentum may be weakening.

Although the MFI has not entered oversold territory, it reflects similar exhaustion conditions. If buying pressure improves from current levels, XMR could stage a rebound. With privacy coins gaining renewed attention, Monero may benefit from narrative-driven demand and reclaim levels above $500 by February 2026.

XMR Price Analysis. Source: TradingViewA sustained recovery could push XMR toward $600 and $679. Securing those levels would open a path toward $800, representing an 83% upside. However, if the privacy narrative fails to deliver strong inflows, Monero may consolidate below $500 while holding support above $417.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu (SHIB) has recorded a massive surge in burn rate within the last 24 hours. Shibburn, the platform that tracks the metric, reveals that this deflationary mechanism spiked by 500.68% as 10,491,803 SHIB were sent to dead wallets.

Is Massive SHIB Supply Limiting the Impact of the Burn Mechanism?Notably, this burn occurred as a single transaction with all 10.49 million SHIB incinerated in the only activity within the time frame. It is currently unclear if a whale carried out the burn in a move to support price action.

The Shiba Inu community has always relied on the burn mechanism as a deflationary tool to stabilize the price. The idea is to reduce the circulating supply with the hopes that the scarcity created could trigger a price rebound in the market.

With the recent burn activity, the total Shiba Inu wiped out permanently from the initial supply now stands at 410.75 trillion SHIB.

Despite this massive volume that has been sent to dead wallets, the total Shiba Inu supply remains 589.25 trillion SHIB. Out of this, 585,412,056,301,922 SHIB are in circulating supply, while the remaining 3.833 trillion SHIB have been staked.

Shiba Inu Burn Rate | Source: ShibburnThe massive volume of Shiba Inu that remains in circulation has caused some to argue that the burn mechanism has not produced anticipated results. Regardless of the volume incinerated, the process does very little to lift Shiba Inu out of a declining phase.

The dog-themed memecoin has been battling bearish conditions for a while, and despite repeated burn activity, it added a zero. Some consider the burn activity as statistical noise, given that the process is neither structured nor systemic. It is left to the discretion of the community, so it is not effectively reducing the total SHIB supply.

Additionally, even when burn activity is carried out, and there is no buying pressure, the price is unlikely to climb. This sort of defeats the purpose of the mechanism.

Shiba Inu Price in SpotlightAs of this writing, Shiba Inu has shed 5.1% of its value and exchanges hands at $0.000007181. 

The memecoin slipped from a daily high of $0.000007571 to its current level as billions of SHIB were moved to exchanges, signaling increased sell pressure.

Meanwhile, the onchain activity from ecosystem whales has reduced significantly. These holders are critical to upward price movement for the memecoin, and their pullback has negatively impacted the price outlook.

Another bearish indicator is the plunge in open interest within the last 48 hours. Shiba Inu investors are not confident enough to bet on the memecoin as open interest dipped by over 8%.

PEPE trades near $0.000004559, holding midline support. Potential breakout targets range from $0.00000630 to $0.00002600.

Newton Gitonga2 min read

30 January 2026, 12:09 PM

PEPE price shows a clear intraday downtrend, sliding from around $0.0000048 toward the $0.00000455 area after repeated lower highs and sharp sell-offs. Brief rebounds failed to hold, indicating strong selling pressure and weak buyer conviction. Overall price action suggests bearish momentum with downside risk still present in the short term.

As of this writing, PEPE is trading at around $0.000004559, down 5% over the past 24 hours.

PEPE Token Shows Support at Midline, Eyes Potential Breakout TargetsAccording to PEPE Whale’s analysis, the token is currently holding above the midline of its descending channel on the 3-day chart. This is a positive sign of support during the ongoing consolidation phase. The price has been moving within the defined support and resistance zones, and the midline has acted as a reliable floor, preventing further declines. This suggests the market is gradually building bullish momentum, and a successful bounce off this level could trigger an upward move.

If bullish momentum continues, the chart indicates potential breakout targets at $0.00000630, $0.00000850, $0.00001480, and ultimately $0.00002600. However, traders should be aware that the price faces significant resistance as it rises, and these levels will require sustained buying pressure to break. The overall trend suggests cautious optimism, with the midline acting as a key pivot for potential upward movement.

PEPE Price Near $0.0000045 Faces Short-Term Bearish PressureOn the daily chart, PEPE is in a short-term bearish correction within a broader sideways-to-weak structure. After a sharp rally earlier that pushed the price toward the $0.0000060–$0.0000065 zone, momentum faded, and sellers stepped in, driving a steady pullback toward the $0.0000045 area. The sequence of lower highs and lower closes suggests buyers are defensive for now, with price hovering near a near-term support rather than launching a fresh uptrend.

The relative strength index (RSI) (14) sits around 38, signaling weakening momentum and mild bearish pressure but not yet deep oversold conditions. Meanwhile, the MACD has crossed below the signal line with a slightly negative histogram, indicating bearish momentum is still in control. However, the flattening bars hint that selling pressure may be stabilizing rather than accelerating.

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President Donald Trump on Friday formally announced the nomination of former Federal Reserve governor Kevin Warsh as chairman of the Board of Governors of the Federal Reserve System, confirming weeks of speculation over who would succeed Jerome Powell.

“I am pleased to announce that I am nominating Kevin Warsh to be the Chairman of the Board of Governors of the Federal Reserve System,” Trump said in a statement, praising Warsh’s experience, credentials, and long-standing ties to economic policymaking.

The nomination is subject to confirmation by the U.S. Senate.

Trump Praises Warsh’s Credentials and ExperienceIn his announcement, Trump opened up about Warsh’s deep academic and professional background. Warsh currently serves as the Shepard Family Distinguished Visiting Fellow in Economics at Stanford University’s Hoover Institution and lectures at the Stanford Graduate School of Business. He is also a partner at Duquesne Family Office, working alongside investor Stanley Druckenmiller.

https://truthsocial.com/@realDonaldTrump/posts/115983891481988557

Warsh earned his undergraduate degree from Stanford University and a law degree from Harvard Law School. Trump noted that Warsh has conducted extensive research in economics and finance and has played an influential role in shaping monetary policy debates internationally.

Role in Global and U.S. Monetary PolicyTrump pointed to Warsh’s work with the Bank of England, where he authored an independent report proposing reforms to the UK’s monetary policy framework. Those recommendations were later adopted by the British Parliament.

Warsh became the youngest Federal Reserve governor in history at age 35, serving on the Fed’s Board of Governors from 2006 to 2011. During that period, he represented the Federal Reserve at Group of Twenty (G-20) meetings and acted as the board’s emissary to both emerging and advanced economies across Asia.

He also served as the Fed’s administrative governor, overseeing internal operations, staffing, and financial performance at the central bank.

Long Ties to the White House and Wall StreetBefore joining the Federal Reserve, Warsh served from 2002 to 2006 as special assistant to the president for economic policy and executive secretary of the White House National Economic Council. Earlier in his career, he worked at Morgan Stanley in New York, where he held senior roles in the firm’s mergers and acquisitions division.

Trump said he has known Warsh “for a long period of time” and expressed strong confidence in his leadership, calling him someone who could become “one of the great Fed chairmen, maybe the best.”

According to market experts, Kevin Warsh is seen as a more crypto-friendly Fed nominee, and his nomination could act as a short-term positive signal for a market that is already under heavy pressure. The total crypto market cap has slipped to around $2.83 trillion.

Warsh’s perceived openness to markets and liquidity could help stabilise sentiment and possibly slow the bleeding in assets like Bitcoin, Ethereum, and XRP, even if it does not trigger an immediate rally.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Bitcoin slides to key support as overleveraged longs are wiped out, Middle East tensions rise, tech stocks wobble, and gold and silver hit fresh highs.

Summary

A sharp Bitcoin drop triggered hundreds of thousands of liquidations, with most wiped positions in BTC and ETH longs.​ Middle East tensions, Trump’s latest statements, tariff chatter, and weak Microsoft earnings hit risk assets, including crypto.​ Analysts see BTC testing a key higher‑timeframe range as gold and silver print records, warning correction could extend if macro stress persists. Microsoft’s earnings report, which showed rising costs and slower growth in cloud services, are weighing on investor sentiment as the broader sell-off in the tech sector continues.

Several major technology stocks declined following the results, leading some investors to reduce exposure to both equities and cryptocurrencies, traders said.

Bitcoin (BTC) fell sharply during early U.S. trading this week, triggering widespread liquidations across cryptocurrency exchanges, according to data from crypto.news.

Approximately 270,000 accounts were liquidated across exchanges in the past 24 hours, with total liquidations reaching significant levels, the data showed. More than 90% of the liquidated contracts were long positions, primarily in Bitcoin and Ether, according to reports.

The rapid price decline forced margin calls and triggered stop orders across trading platforms. Price gaps appeared on some exchanges as volatility increased, according to market observers.

Heightened tensions in the Middle East contributed to the selloff, analysts said. A U.S. warship deployment and public statements from U.S. President Donald Trump increased pressure on risk assets. An executive action related to tariffs on goods tied to certain oil transactions raised additional concerns among global traders, according to market participants.

Bitcoin was trading near a higher-timeframe support level that has been significant in recent months, according to technical analysts. Weekly price closes have remained within a recent range for several weeks.

The broader cryptocurrency market lost significant value across multiple tokens during the decline, according to market data.

Analyst Benjamin Cowen stated that Bitcoin may continue to underperform relative to stocks, suggesting that a rapid shift from gold or silver into cryptocurrency may not occur quickly. Gold and silver have climbed to record levels, according to Trading Economics.

Some analysts characterized the market reaction as excessive, noting that prices had been declining since October. Others warned that a prolonged correction could continue if macroeconomic pressures persist.

Today, XRP is under heavy pressure, falling about 7.5% and trading below $1.73 after the recent gold price crash. The sharp drop triggered around $72 million in long liquidations for XRP traders.

Despite this drop, on-chain data from Santiment shows that XRP millionaire wallets are rising for the first time since last September, suggesting XRP may be entering a quiet accumulation phase behind the scenes.

XRP Price Plunge Leads to $72 Million in LiquidationsAfter trading near $1.93 for the past two weeks, XRP dropped below the key $1.80 support level. The sharp move came as broader crypto weakness triggered $1.68 billion in long liquidations across the market, pushing XRP price down to around $1.70 before buyers stepped in.

However, XRP alone recorded about $72 million in liquidations, with nearly 98% coming from long positions. In addition, data from SoSoValue shows that on January 29, XRP ETFs saw an outflow of $92.92 million, the first major outflow this week. Despite this, total XRP ETF inflows since launch now stand at $1.21 billion.

XRP Millionaire Wallets Rise in Early 2026Despite the overall price drop, the number of wallets holding at least 1 million XRP is rising for the first time since September 2025. Data from Santiment shows a net increase of 42 millionaire wallets returning to the XRP Ledger.

This is important because it follows a long period between October and December 2025, when big holders were steadily selling. During that period, XRP’s price dropped sharply from its high near $3.68 to around $1.88, wiping out nearly 40% of its value over the year. 

🐳🦈 XRP's price is down a modest -4% since the start of 2026, but its amount of 'millionaire' wallets are rising for the first time since September. A net of +42 wallets with at least 1M $XRP have returned to the ledger, an encouraging sign for the long-term. pic.twitter.com/nmB4hCxtZO

— Santiment (@santimentfeed) January 28, 2026 Now, the return of millionaire whale wallets suggests they see current prices as a good level to accumulate rather than continue selling.

At the same time, risky trading activity has cooled down sharply. CryptoQuant data shows that XRP’s open interest has fallen from over $3.5 billion to below $1 billion, showing traders have exited leveraged positions. 

This has reduced pressure and allowed long-term holders to accumulate quietly.

XRP Ledger Remains Active Despite Lower HypeEven as trading activity slows, the XRP Ledger itself remains active. More than 3,200 new accounts have been created recently, showing that interest in the network has not disappeared. 

Earlier, active addresses surged above 100,000 when XRP traded above $3. As prices fell, activity cooled to around 18,000, suggesting that short-term hype has faded while core usage continues.

This stability is also visible in daily transactions, which remain close to two million per day and continue to process smoothly. 

XRP Price Stays Flat While Exchange Reserves DropMeanwhile, another key signal is forming on exchanges. XRP reserves on Binance have declined to around 2.71 billion XRP. 

Despite this, XRP is still trading near $1.90 and remains down about 4% so far this year.

If this trend continues, XRP could attempt a recovery toward the $2.30–$2.50 range. On the downside, a rise in exchange reserves could increase the risk of a drop toward $1.60.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Worldcoin (WLD) Price Crashes 21% But Here’s How Traders Profited From ItWorldcoin price dropped 21% as broader market sell-off erased recovery gains.Traders profited as funding rates turned negative before WLD price reversal.Holder accumulation limited exchange inflows, helping WLD stabilize above $0.44.Worldcoin experienced sharp volatility after a failed recovery attempt ended in a market-wide sell-off. Over the past 24 hours, WLD dropped 21%, tracking broader weakness across digital assets. 

While most investors faced losses, some traders were positioned defensively. Their preparation allowed them to profit as price momentum reversed following the brief rally.

Worldcoin Holders AccumulateThe initial upswing in Worldcoin was driven by aggressive accumulation from holders. Over a three-day period, investors added roughly 13 million WLD, valued at $6 million. This buying activity reduced the circulating supply and briefly supported the price. Accumulation often signals confidence during early recovery phases.

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Despite the subsequent crash, exchange balances have not shown a sharp increase. This suggests holders are not rushing to sell. Many investors remain underwater after the decline. As a result, HODLing behavior dominates for now. The lack of exchange inflows reduces immediate selling pressure, even as sentiment weakens.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

WLD Exchange Balance. Source: GlassnodeDerivatives data provides insight into how traders anticipated the downturn. Worldcoin’s funding rate has turned deeply negative. Funding rates reflect the balance between long and short contracts. Negative values indicate shorts are paying longs, meaning bearish positions dominate.

The funding rate flipped negative on January 29, ahead of the crash. This shift shows traders expected a pullback after the rapid rise. Short sellers likely benefited as the price declined. Such positioning often amplifies volatility during corrections, especially when spot demand weakens simultaneously.

Worldcoin Funding Rate. Source: CoinglassWLD Price Loses Its GainsWorldcoin price is trading near $0.46 at the time of writing. The token is holding above the $0.44 support level after the 21% drop. The sell-off followed a failed attempt to break above a month-long downtrend. This rejection confirmed persistent resistance and capped upside momentum.

Current indicators point to mixed sentiment. Accumulation by holders contrasts with bearish derivatives positioning. This balance suggests consolidation rather than immediate continuation. WLD is likely to trade between $0.47 and $0.44 in the near term. A stronger influx of buyers would be required to restart the rally.

WLD Price Analysis. Source: TradingViewDownside risk remains if broader market conditions deteriorate further. Continued bearish cues could pressure Worldcoin price below $0.44. A breakdown would expose lower targets near $0.41 or $0.40. Such a move would invalidate the bullish recovery thesis and extend the corrective phase.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Bitcoin (BTC) has finally slid below a key support level at $84,000, which has held the price since mid-November 2025. Where will BTC price action head next?

Key takeaways:

Bitcoin dropped to a two-month low of $81,00 on Thursday, fueled by $1.6 billion in long liquidations 

Some analysts forecast deeper declines in a prolonged bear market targeting $50,000-$58,000.

Bitcoin sentiment at record lows suggests “no upcycle”Bitcoin extended its sell-off into the late New York trading session on Thursday, dropping to two-month lows of $81,000. 

Support at the 2026 yearly open ($87,000), the 100-day moving averages and the $84,000-$86,000 demand zone failed to hold back sellers as crypto long liquidations passed $1.6 billion. Bitcoin wiped out more than $750 million in long positions on its tumble to $81,000.

The risk-off mode reflects negative investor sentiment, which has dropped to “extreme fear” at 16 from yesterday’s reading of 26.

🚨 UPDATE: Crypto Fear and Greed Index drops to 16, signaling Extreme Fear as market sentiment worsens from yesterday's reading of 26. pic.twitter.com/TdN5RZo6OR

— Cointelegraph (@Cointelegraph) January 30, 2026 “Bitcoin’s Fear and Greed Index has fallen to 16, signaling extreme fear, ” analysts at Crypto Town Hall said, adding 

“Such levels historically reflect heavy risk-off sentiment and capitulation-driven conditions, often seen during sharp drawdowns or leverage flushes.”Economist Timothy Peterson pointed out that consumer sentiment is approaching record lows, with the “5-year average at an all-time low.”

“People just don't buy Bitcoin or any other risk assets in an environment like this,” he said in a Friday post on X, adding:

“There's no upcycle until this reverses.” Bitcoin’s consumer index. Source: Timothy Peterson As Cointelegraph reported, “extreme fear” among investors is a reflection of “painful” conditions as those seen after the FTX crash, suggesting uncertainty and an unlikely turnaround in BTC price action in the near term. 

Analysts say BTC may bottom at $50,000As Bitcoin sentiment continues to decline, analysts expect bear market conditions to last longer and with lower price targets.

These include a retest of the 200-week moving averages, which have “often been great value areas for long-term buys,” according to trader and analyst Daan Crypto Trades.

“The closer you can accumulate to these MAs, the better value you're getting,” the analyst said in a Friday post on X, adding:

“Over time the price can meet the moving averages even if it hovers sideways.”Note that the 200-week SMA is currently at $57,974, coinciding with the downside target of a bear flag as shown in the chart below.

Such a move would represent a 30.5% decline from the current price and a 54% drawdown from the all-time high at $126,000.

BTC/USD weekly chart. Source: Cointelegraph/TradingViewFellow analyst Keith Alan highlighted similarities between BTC’s current price action in the weekly time frame to that seen in 2021-2022.

Bitcoin may see some “short-term rallies off of these near-range lows, but ultimately I think this bear market will last longer,” he said in his latest analysis on X. 

Alan referred to the $74,500 range low, reached in April 2025, following US President Donald Trump’s “Liberation Day” tariff announcement. 

The analyst said the BTC/USD pair will “ultimately” drop below $74,000 in the absence of a “great“ catalyst and slide lower to the 2021 all-time high at $69,000.

“I’d like it a lot more if it takes until August to grind down that low,” Alan said, adding:

“If we sprint down there in February, the $50K range will look more interesting to me later in the year. ” BTC/USD weekly chart. Source: X/Keith AlanAs Cointelegraph reported, many analysts expect 2026 to be a bear market year, and various forecasts predict the BTC price dropping to as low as $58,000.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

$1.7B in leveraged orders liquidated amid risk-off sentiment and U.S. government shutdown fears.

Market Sentiment:

Bullish Bearish Neutral

Published: January 30, 2026 │ 10:30 AM GMT

Created by Kornelija Poderskytė from DailyCoin

Bitcoin fell more than 9% in early trading on Friday amid a broad sell‑off across risk assets that rippled through the cryptocurrency market.

The world’s largest cryptocurrency failed to hold above the key $90,000 resistance level, dropping to around $81,100, its lowest in roughly nine months, before modestly stabilizing near $82,700 later in the session.

Source: TradingViewThe sudden sell-off sparked massive liquidations in leveraged crypto positions, intensifying downward pressure on the market. 

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According to analytics platforms, $1.71 billion in leveraged positions were wiped out in the past 24 hours. 

CoinGlass data showed that roughly $1.59 billion, about 93%, of these liquidations were long positions, mainly in Bitcoin and Ether. Over 274,000 traders were impacted.

Risk‑Off Mood in MarketsUnlike crashes triggered by a single event, Friday’s Bitcoin sell-off was driven by a mix of macroeconomic pressures and risk‑off sentiment.

Broad risk assets, including equities and cryptocurrencies, sold off simultaneously. Weak tech earnings and a “sell the news” reaction followed the Federal Reserve’s decision earlier this week to hold interest rates steady at 3.5%–3.75%, offering no hints of near‑term cuts.

A weakening U.S. dollar and heavy outflows from U.S. spot Bitcoin ETFs, totaling over $1 billion in recent days, fueled a rotation into traditional safe havens like gold, which soared to an unprecedented $5,580 on Thursday.

Source: GoldPriceOngoing macroeconomic uncertainty, coupled with U.S. government shutdown risks, further pushed investors away from high‑risk assets, driving market sentiment into extreme fear territory.

Where Investors Look NextAs Bitcoin hovers around $82,300 on Friday, traders point to the upcoming U.S. government shutdown as a key factor creating short-term uncertainty and potential weekend lows, even as monthly and weekly charts maintain a bullish bias for February.

As traders now watch today’s close closely, prominent trader @astronomer_zero says, holding above key support could reignite bullish momentum once the shutdown risk passes, while a drop below December’s lows might push prices toward $81k, prompting cautious positioning and partial de-risking until market direction becomes clearer.

Why This MattersBitcoin’s sharp drop and massive long liquidations highlight the market’s sensitivity to macroeconomic uncertainty and government-related risks.

Stay in the loop with DailyCoin’s top crypto news:
XRP’s Millionaire Club Grows Despite Mild Price Dip
Strive Breaks Into Top 10 Bitcoin Treasuries After Major Debt Cleanup

People Also Ask:What causes Bitcoin’s price to be volatile?

Factors include market sentiment, global economic events, government regulations, large trades by investors, and news impacting adoption or security.

What does “risk-off sentiment” mean?

It refers to a market mood where investors avoid high-risk assets like cryptocurrencies, favoring safer investments such as gold or government bonds.

How does a government shutdown affect Bitcoin?

Shutdowns increase economic uncertainty, which can reduce appetite for volatile assets, trigger short-term price swings, and lower market liquidity.

Why does Bitcoin react to global events?

As a traded asset, Bitcoin’s price is sensitive to global economic conditions, political events, and regulatory changes, which affect investor confidence.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Bitcoin is struggling to avoid a fourth consecutive monthly decline as the cryptocurrency market grapples with a fundamental shift in momentum that has left most investors underwater.

Data from CryptoSlate indicate that the largest digital asset declined by nearly 7% over the last 24 hours to $82,513.

According to CoinGlass data, long traders speculating on the BTC price were liquidated for more than $750 million during the shock price collapse. This is the highest level of losses for this cohort of traders since last November.

Bitcoin Price Liquidation in the Last 24 Hours (Source: CoinGlass)Consequently, BTC is on course to suffer its fourth consecutive red month as the crypto asset has shed more than 5% of its value this January.

This follows a 3.99% loss in December and a sharp 17% decline in November. BTC declined by 4% in October.

BTC loses 2-year moving averageMeanwhile, the poor price performance this year has led the flagship digital asset to fall below its 2-year moving average for the first time since 2022.

Bitcoin analyst Joe Consorti added:

“We've also lost the November 2025 lows, and are 7% away from losing the 2025 yearly low.”

Data from Alphractal highlights the significance of this shift, noting that the last time BTC traded below this level was in October 2023.

Bitcoin 2-Year Moving Average (Source: Alphractal)This breakdown revives a simple yet historically powerful signal. For many analysts, the loss of the 2Y SMA signals the beginning of a genuine capitulation cycle.

Historical data suggest that almost every time Bitcoin’s price has fallen below this average, the market has experienced further downside or entered a prolonged accumulation phase that lays the groundwork for the next bull cycle.

The October liquidation shock reset the cycleThe current regime dates back to Oct. 10, 2025, when the crypto market experienced one of its largest forced unwinds on record.

A surge of liquidations followed renewed tariff and export-control headlines from Washington, triggering rapid deleveraging across major venues and reducing market depth in the days that followed.

Bitcoin had set an all-time high above $126,000 earlier that month, but the liquidation episode helped yank the market out of its prior structure and reprice risk around macro headlines rather than internal crypto catalysts.

The liquidation wave totaled more than $19 billion, underscoring how much of the cycle’s upside had been financed by leverage rather than durable spot demand.

That shift matters because the market never delivered the kind of fast, confidence-restoring rebound that typically signals a trend resumption.

Instead, price action evolved into a grinding process of position reduction, with rebounds repeatedly stalling and reinforcing the sense that the market has moved from expansion into consolidation.

ETF flows stabilize, but the bid has not rebuiltThe most visible sign of the demand slowdown has been in US spot Bitcoin ETFs, which helped power earlier accumulation waves but have recently shifted into a more neutral posture.

Glassnode said US spot Bitcoin ETF net flows have returned to equilibrium, with the 30-day moving average hovering near zero after a period of sustained outflows.

The change suggests mechanical sell pressure has eased, but it also implies that the aggressive inflows that previously absorbed new supply have not returned.

Glassnode also framed the market as pinned near cost-basis levels, which now serve as inflection points. The firm set the short-term holder cost basis at approximately $96,500, a level that has repeatedly capped attempts to recover.

Below the market, Glassnode highlighted a stressed support band around $83,400, with a “True Market Mean” near $80,700 if weakness deepens.

Alphractal CEO Joao Wedson issued a stark warning regarding this specific zone, stating that Bitcoin “cannot lose $81,000 under any circumstances” based on on-chain analysis.

Bitcoin Mean Price (Source: Alphractal)Wedson cautioned that if this level breaks, a capitulation process similar to 2022 may unfold, with the next major support level significantly lower at approximately $65,500.

Metals surge, and Washington injects policy riskCrypto’s internal cooling has unfolded alongside a macro tape that has rewarded traditional havens.

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Gold and silver reached fresh records in early 2026 as investors rotated into hard assets amid policy uncertainty and geopolitical risk, a shift that has sharpened the contrast with Bitcoin’s sideways-to-lower grind.

Washington has become part of the price action as well. Senators introduced a draft market-structure bill in mid-January to clarify oversight and set guardrails for key products, including limits on interest-like rewards paid for holding stablecoins while still allowing activity-based incentives tied to usage.

However, the near-term problem is that policy progress has been uneven.

After the draft circulated, Coinbase’s chief executive, Brian Armstrong, said the company could not support the bill in its then-current form, delaying key Senate discussions and reinforcing investor caution regarding timelines.

In light of this, Bitwise CIO Matt Hougan said the legislative outcome creates two distinct pathways for pricing.

“If Clarity passes … I suspect the market will rally sharply,” he said, arguing that a framework investors can underwrite would pull forward expectations around stablecoins and tokenization.

However, Hougan said the market is more likely to demand proof of real-world adoption before it rewards prices if the legislation fails.

A leverage-driven market, with liquidity signals flashing cautionEven with subdued price action, some analysts argue the drawdown looks more like a cyclical reset than a structural breakdown.

Glassnode described a consolidation regime driven more by absorption than by expansion, with leverage already unwound in some markets and spot participation still muted.

That framing aligns with the broader idea that recent lows have often been produced by leveraged positions being forced out, rather than by a clean collapse in long-term conviction.

Still, near-term liquidity gauges remain uncomfortable.

One widely watched indicator, the Coinbase Bitcoin premium index, has remained negative for an extended period in January, at around -0.16% in recent readings, indicating that US spot pricing is weaker than the global average.

Coinbase Premium Index (Source: CryptoQuant)At the same time, the market’s pool of “dry powder” has shown signs of shrinking.

Data from CryptoQuant indicate a contraction in aggregate stablecoin supply, a dynamic that traders monitor because stablecoin growth tends to correlate with incremental buying capacity within the crypto ecosystem.

Put together, the setup leaves the market with two clean paths that traders are already mapping.

The Bull Case: A grind higher powered by a return of sustained spot demand that can lift prices back above the $96,500 short-term holder cost basis.The Bear Case: A continuation of the consolidation regime, with downside risk concentrated around the $83,400-$80,700 band. However, if liquidity fails to improve and the $81,000 floor identified by Alphractal gives way, defensive positioning could amplify the pullback toward the mid-$60,000 region.Mentioned in this articlePosted in

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The crypto market intensified an earlier sell-off on Friday with $1.74 billion liquidated in the last 24 hours, according to CoinGlass data. Long positions, or traders expecting prices to rise, accounted for the majority of this figure.

A total of $1.64 billion in long crypto positions were liquidated in the last 24 hours, indicating risk-off sentiment as investors consider what's ahead.

A successor to Federal Reserve Chair Jerome Powell is expected to be announced soon, with indications pointing to former Fed Governor Kevin Warsh. Warsh's track record of prioritizing inflation risks during the global financial crisis, combined with his affinity for monetary discipline, has spooked analysts and markets.

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The cryptocurrency market fell further late Thursday as Warsh's odds surged on the betting markets.

XRP volume jumps 100%Amid the market drop, XRP trading volume has risen 100% in the last 24 hours to $5.73 billion. XRP's price breakdown occurred on significant volumes, confirming institutional participation rather than a low liquidity slide.

XRP is extending its slide into the third day. The crypto asset saw a sharp sell-off on Thursday, falling from $1.91 to $1.77.

The drop coincides with outflows from XRP ETFs. According to SoSoValue, spot XRP ETFs saw about $92.92 million in daily outflows on Jan. 29, suggesting institutional profit-taking.

At press time, XRP was down 7.22% in the last 24 hours to $1.73 and down 8.89% weekly. The next support is expected for the XRP price at $1.61. XRP created a double top, testing a high of $1.94 twice on Jan. 26 and 28. A decisive break above here will target $2, which coincides with the daily MA 50 and then $2.41 and $2.52 (the daily MA 200).

Heading into February, analysts will be watching for broader macro signals that could signal a shift toward risk-on sentiment.

In XRP Ledger news, version 3.1.0 of rippled, the reference server implementation of the XRP Ledger protocol, was introduced this week. This release introduces Single Asset Vaults, the Lending Protocol and "fixBatchInnerSigs," as well as bug fixes.

The exchange announced it will adjust the asset structure of its Secure Asset Fund for Users, known as SAFU, by gradually converting its original one billion dollars in stablecoin reserves into Bitcoin. The conversion will be completed within 30 days from the announcement date. SAFU is Binance’s emergency insurance fund. It exists to protect users if the exchange suffers a security breach or unexpected loss. Binance launched the fund in 2018 and committed to keeping its value at around one billion dollars. Now, instead of holding that value mainly in stablecoins, Binance is tying SAFU more closely to Bitcoin.

Why Binance Is Moving SAFU Into Bitcoin Binance says it will regularly review the SAFU fund’s total market value. If Bitcoin price swings cause the fund to fall below 800 million dollars, Binance will add more Bitcoin to bring it back to one billion dollars. This rule is designed to keep user protection consistent even during volatile markets.

The move reflects a broader shift in how major crypto firms think about reserves. Stablecoins are designed to hold a steady price, but they rely on issuers, banks and regulators. Bitcoin, by contrast, has no central issuer and runs on a global network. Binance appears to be betting that Bitcoin’s long term resilience outweighs its short term price swings.

https://t.co/tbXqWVtp95

— 币安Binance华语 (@binancezh) January 30, 2026

A real world example helps explain the thinking. In 2019, Binance suffered a hack that resulted in a loss of about 40 million dollars worth of Bitcoin. At the time, SAFU fully covered the losses and users were made whole. Since then, the exchange has emphasized transparency around how the fund is managed. Moving SAFU into Bitcoin strengthens the link between user protection and the asset most central to crypto itself.

What This Says About the Market Today This decision also fits a recent trend. Large institutions are increasing their Bitcoin exposure as a core reserve asset. According to Bitcoin Treasuries data, publicly listed companies now hold more than 300,000 BTC on their balance sheets. At the same time, confidence in stablecoins has become more selective, with users paying closer attention to how reserves are managed.

Binance announced that it will adjust the asset structure of its SAFU Fund, gradually converting the original $1 billion stablecoin reserves into Bitcoin reserves, with the conversion to be completed within 30 days from the date of this announcement. Binance will regularly review…

— Wu Blockchain (@WuBlockchain) January 30, 2026

Bitcoin’s volatility is real. Over the past five years, its annualized volatility has averaged around 60%, far higher than traditional assets. Binance’s replenishment rule is meant to offset that risk by actively managing the fund’s value. If prices drop sharply, Binance commits to adding more Bitcoin rather than letting protection weaken.

What Users Should Take Away This change signals confidence. Binance is willing to stand behind user protection using Bitcoin and to top it up when markets turn rough. It also shows how exchanges are adapting as crypto matures, blending transparency, automation and risk management.

Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

Gold's six-month rally versus bitcoin shows similarities to the 2019 cycleThe bitcoin-to-gold ratio rebounded from recent lows, mirroring a pattern seen in the 2019-2020. Jan 30, 2026, 10:52 a.m.

Bitcoin BTC$82,834.79 is on track to end January underperforming gold for the sixth straight month as investors ignore the largest cryptocurrency's "digital gold" moniker and seek the safety of a metal that's historically been seen as a haven in times of economic and geopolitical turmoil.

The bitcoin-to-gold ratio, the amount of gold equivalent to 1 BTC, has dropped 23% this month, and is currently standing at 16.3. The six-month pattern closely resembles what happened in 2019, when the sequence began in August and ended in January the following year. Back then, bitcoin outperformed gold for the following five months.

STORY CONTINUES BELOW

The first signs of a retrenchment may be emerging. The ratio rebounded Friday by 4% after dropping to as low as 15.5 on Thursday. That low coincided with a sharp selloff across global markets, with risk assets declining aggressively.

Bitcoin is currently hovering around $82,000, down just over 2% since midnight UTC. By comparison, gold has fallen more than 8% and silver roughly 16%.

From the peak in late 2024, the bitcoin-to-gold ratio has declined by roughly 60%, placing bitcoin in a technical bear market against gold for around 14 months. Even if the ratio has now bottomed, that does not automatically imply a strong upside for bitcoin. It may simply reflect gold continuing to weaken at a faster rate than bitcoin.

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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U.S. dollar strength and volatility surge as markets nervously await U.S. open

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While Fed chair speculation drives uncertainty across equities, rates, and crypto.

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Reports suggest the Trump administration may announce Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell.The VIX is up 13%, while the MOVE Index has climbed 6%, highlighting elevated uncertainty across both equity and Treasury markets.The DXY index is edging higher, reinforcing a risk off tone as U.S. equities trade lower ahead of the open.

Matt Hougan, the chief investment officer at Bitwise Asset Management, said he thinks Solana could plausibly become a trillion-dollar asset within five years—an outcome that would roughly translate into a ~$1,600 SOL price on a simple market-cap-per-token basis, depending on circulating supply.

Hougan made the remarks on the Jan. 29 episode of When Shift Happens, framing his Solana view through what he called a “two ways to win” setup: growth in the addressable market (stablecoins and tokenized assets), plus an increasing share captured by Solana versus competing networks.

Why Solana Could Hit $1,600+ Within 5 Years Hougan argued that the “infrastructure market” for stablecoins and tokenization is expanding quickly enough that large, liquid L1s should be valued less like niche crypto experiments and more like enabling rails for traditional finance. “The US Secretary of Treasury expects the stablecoin market to 12x over the next four years,” he said, adding that Larry Fink has described a future where “every asset, every fund, ETF, stock, bond, real estate will be tokenized.”

From there, his Solana thesis leaned heavily on relative positioning. Ethereum remains the incumbent in stablecoins and tokenization, Hougan said, but Solana is “a legit competitor with an interesting technological differentiation,” and crucially “it’s extraordinarily easy to use and the community has a ship first attitude.”

That usability point, in his view, is underpriced by investors who focus on benchmark-style comparisons. “I think ease of use is a killer app that’s underrated by investors,” Hougan said. “Investors like to talk about throughput and they like to talk… TPS… who cares about this? …For an end user who’s trading, who’s on-ramping, ease of use is the killer app. And Solana is just easy to use, just dead easy to use.”

Hougan also acknowledged a common investor blind spot: token supply dynamics can separate price action from market cap growth. He noted that Solana’s market value can rise meaningfully even if the token price revisits prior highs, and suggested staking yield partially offsets dilution, citing “roughly like 7% a year.”

Another thread in the discussion was how regulation shaped institutional behavior. Hougan said Solana’s footprint in stablecoins and tokenization was constrained during the prior US regulatory environment, arguing that institutions “couldn’t build on Solana” if they believed it sat “outside of the regulatory perimeter.” With that cloud lifting, he said, mandates are starting to broaden.

He also described why the ETF wrapper matters more for a smaller asset. “You put a little bit of inflows into an ETF package and they’re chasing a relatively small supply of Solana,” Hougan said. “It’s one of the best setups for an asset that I’ve ever seen because you have this small constrained size, you have significant institutional demand, you have stablecoins and tokenization… you put all that together and it seems like a winner.”

Still, he avoided hard price targets and instead stayed in market-cap terms. “In 5 years I think it could be a trillion dollar asset. I think that’s relatively easy to imagine,” he said. “It’s hard to give a precise target because it depends on the pace of growth on stablecoins and tokenization. It depends on whether Congress passes the Clarity Act. It depends on the sort of crypto market cycles.”

E156: @Matt_Hougan from @BitwiseInvest – $6.5M Bitcoin and the strongest Solana setup ever?

This might be the most bullish yet rational episode we’ve done on the future of crypto: why debasement, institutional flows & tokenization are just getting started.

Timestamps:

0:00… pic.twitter.com/WMqvKL7pCj

— MR SHIFT 🦁 (@KevinWSHPod) January 29, 2026

On simple market-cap math, a $1 trillion Solana valuation implies a four-figure token price depending on supply. The relationship is straightforward: token price equals market cap divided by supply. Using Solana’s circulating supply of roughly 566 million SOL, a $1 trillion market cap works out to about $1,766 per SOL ($1,000,000,000,000 ÷ 566,000,000).

If you instead use a fully diluted-style denominator closer to 619 million SOL, the same $1 trillion market cap implies roughly $1,615 per SOL ($1,000,000,000,000 ÷ 619,000,000). In other words, Hougan’s “trillion-dollar asset” framing maps to something like the mid-$1,000s per token on today’s supply assumptions, with the exact number moving as supply changes.

Notably, Hougan’s Solana call sat alongside a broader macro narrative he returned to repeatedly: monetary debasement pushing investors toward scarce and non-sovereign stores of value. On Bitcoin, he argued the “two ways to win” are the store-of-value market expanding and Bitcoin taking share from gold, an arc he said could drive multi-million-dollar BTC over decades if the last 10–15 years of adoption trends persist.

For Solana, the equivalent is less about being “digital gold” and more about becoming a primary venue for stablecoin flows and tokenized securities. If those rails scale and if Solana continues gaining share as a high-velocity, institution-friendly network, Hougan’s trillion-dollar scenario implies the market is still pricing the opportunity too conservatively.

At press time, SOL traded at $115.40.

SOL drops below the 200-week EMA, 1-week chart | Source: SOLUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

What Factors Could Help Solana Absorb Rising Selling PressureSolana faces selling pressure, but ecosystem activity shows strong signs of revival.Daily active addresses surge, boosting demand for SOL transaction fees significantly.Stablecoin growth and privacy projects like GhostSwap may support long-term price.Solana (SOL) has dropped below $120 amid continued capital outflows. As investors become increasingly cautious, the key question is what Solana can offer to convince holders to stay.

Several recent developments across the Solana ecosystem could provide momentum and help counter the growing selling pressure in the broader market.

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New Catalysts Emerging in 2026 That Support SOL’s PriceAnalysts are concerned that SOL breaking below $120 is a bearish signal. It could open the door for a deeper decline.

The completion of a large head-and-shoulders pattern that has been forming since 2024 suggests a potential drop toward the $50 zone if market conditions remain negative.

However, SOL could also form a long wick and rebound strongly once demand returns.

One notable factor is the surge in the number of daily active addresses on Solana launchpad platforms.

According to data from CryptoRank.io, on January 27, 2026, active addresses surpassed 300,000 for the first time in months. This marked a major spike in activity.

Daily Active Address of Solana Launchpads. Source: CryptoRankDaily trading volume on these launchpads is approaching $200 million, while the number of newly launched tokens has reached 44,000 per day.

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Across the entire ecosystem, daily active addresses have climbed to 4.4 million, up 16% from the end of last year. This signals a strong revival after a quiet period.

Rising active addresses tend to have a direct and positive impact on SOL’s price. Increased real user participation increases demand for SOL, as it is needed to pay transaction fees.

Stablecoin Growth Adds Liquidity to SolanaAnother important driver is the rapid expansion of the stablecoin USD1 on Solana.

According to DefiLlama, USD1 — a stablecoin linked to World Liberty Financial — has seen dramatic growth in January. Total market capitalization has surged above $5 billion, with more than $610 million circulating on Solana alone.

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Total USD1 Circulating. Source: DefiLlamaUSD1’s monthly market cap growth on Solana leads all other chains, rising nearly 300%.

“World Liberty Financial’s USD1 has become the fastest-growing tokenized asset on Solana… Institutional adoption and incentives on platforms like Binance have boosted its growth,” crypto investor Aman commented.

Mello, Solana Ecosystem Lead at World Liberty Financial, has promised to make USD1 the most useful stablecoin on Solana. This development brings real liquidity, increases trading volume, boosts transaction activity, and could support SOL’s price over the long term.

Privacy Narrative Returns With GhostSwapIn addition, GhostwareOS’s launch of GhostSwap has expanded Solana’s ecosystem, with a strong focus on privacy.

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Meanwhile, privacy remains one of the most attractive narratives for investors in 2026.

GhostSwap is a private cross-chain swap platform. It allows users to move assets into Solana without exposing transaction metadata.

Analysts expect GHOST to soon join the rally alongside other privacy coins. Some forecasts suggest it may reach a $100 million market cap in the near term.

In the short run, demand for GHOST could support SOL through trading pairs such as GHOST/SOL on decentralized exchanges.

In the long term, GhostwareOS positions itself as “The Privacy Layer of Solana.” This strengthens Solana’s image as a more versatile blockchain, extending beyond meme coins and DeFi into privacy-focused infrastructure.

These factors are positive, but they may not create immediate price reactions like market sentiment does. However, over the long run, they could become strong growth drivers for investors who can capitalize on their favorable positioning.

Disclaimer

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Pervading gloom entered the crypto market as Bitcoin crashed to $181,000 in early trading on Friday. $1.72 billion in total liquidations also helped to send market sentiment into extreme fear.

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