Bitcoin plummeted, hundreds of thousands of people liquidated their positions, and the crypto market was bleeding! What happened to the market?

Nakamoto 2026-1-31 13:04 40203人围观 BTC

In the early morning of January 30, Beijing time, the cryptocurrency market suffered a violent sell-off. As of press time, Bitcoin plummeted by more than 6%, falling below the $82,000 mark.； Ethereum, SOL, and Dogecoin plummeted by more than 6%, Adacoin p

In the early morning of January 30, Beijing time, the cryptocurrency market suffered a violent sell-off. As of press time, Bitcoin plummeted by more than 6%, falling below the US$82,000 mark.； Ethereum, SOL, and Dogecoin plummeted by more than 6%, Adacoin plummeted by nearly 7%, FIL plummeted by more than 7%, and XRP plummeted by nearly 6%.

According to CoinGlass statistics, in the past 24 hours, a total of 227,939 people around the world have been liquidated, and the entire network has been liquidated to US$1.707 billion, including US$1.599 billion of long orders, US$107 million of short orders, and the main liquidation of long orders. The liquidation of BTC was US$781 million, the liquidation of ETH was US$422 million, and the liquidation of XRP was US$71.4262 million. In the past 24 hours, more than 276,500 people on the entire network have been liquidated. The largest single liquidation order occurred in HTX-BTC-USDT, worth US$80.5799 million. Some analysts pointed out that market funds are rapidly withdrawing from the cryptocurrency market, and some crypto companies have stated that they plan to allocate 10% to 15% of the funds in their investment portfolios to physical gold.

On January 30, according to HTX market information, the total market value of cryptocurrency fell below the US$3 trillion mark, evaporating 5.1% in 24 hours, and the latest total market value was US$2.953 trillion.

On the news, Trump from the White House signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods from countries that sell or otherwise provide oil to Cuba.

Regarding the situation in Iran, according to Xinhua News Agency, the Iranian Presidential Palace issued a statement on the 29th, saying that Iranian President Pezhichiyan said that day that if the United States seeks negotiation and real diplomacy, it must stop provocations and actions that create tension. In the afternoon, Pezeshizyan had separate phone calls with Qatar's Emir Tamim and Pakistani Prime Minister Shahbaz to exchange views on regional tensions caused by the United States' destabilizing actions. During the call, he thanked Qatar and Pakistan for their support and expressed the hope that unity and cooperation among Islamic countries would be further strengthened and deepened.

Regarding tariffs, U.S. President Trump stated on social media that in view of Canada’s wrongful, illegal and persistent refusal to issue certification for Gulfstream jets, the certification of Canada’s Bombardier Global Express aircraft and all Canadian-made aircraft is hereby canceled until Gulfstream obtains full certification, which should have been completed many years ago. Additionally, Canada effectively bans Gulfstream products from being sold in Canada through the same certification process. If related problems are not corrected immediately, the United States will impose a 50% tariff on all Canadian aircraft exported to the United States.

At the same time, the U.S. stock market and precious metals market also staged epic shocks overnight.

During the New York trading session on January 29, precious metal prices plunged rapidly. The spot gold price once fell by more than 400 US dollars in the short term, and then recovered nearly half of the decline.

The spot gold price once rose to the US$5,600/ounce mark during the day, but began to dive at 23:00 Beijing time, falling from around US$5,530/ounce to US$5,105.83/ounce, with the largest drop of 5.7% during the day, and then rebounded quickly, finally closing down 0.69% at US$5,377.4/ounce.

At the same time, the spot silver price also fell from a historical high of US$121.67 per ounce to US$106.80 per ounce, with the largest intraday drop of 8.5%, and then rebounded quickly, finally closing down 0.64% at US$115.87 per ounce.

Some analysts believe that the short-term plunge in gold and silver prices is due to investors taking profits after prices frequently hit new highs.

David Meger, head of metals trading at High Ridge Futures, said: “After precious metals prices recently reached all-time highs, we have seen a wave of violent selling. ”

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