Macroeconomic uncertainty suppresses risk appetite, and the crypto market continues to experience a volatile bottoming!
Under the dual pressure of macroeconomic and policy uncertainties, the cryptocurrency market has continued to experience a volatile bottoming trend. Over the weekend, the price of Bitcoin experienced significant fluctuations, briefly dipping to around 76000 USD. Although there was a subsequent technical rebound, the price fell back again after rising to 79500 USD. By Monday morning, the price of Bitcoin fell again, hitting a low of 75700 USD, almost giving back all of the previous rebound, and is currently maintaining a weak consolidation above 77000 USD.
The trend of Ethereum is similar, with the price rebounding after hitting a low of 2250 USD, but the rebound strength is weak. In the early hours of today, its price fell again, dipping to a low of 2230 USD, and then slightly rebounding to around 2300 USD, overall showing a low-level consolidation pattern.
After this round, a significant portion of the old and new players in the industry will have completed their transition. New players are entering, and some old players are exiting. The degree of cleansing in this cycle will exceed that of any previous cycle.
According to SoSoValue data, the cryptocurrency market continues its downward trend, with the decline narrowing. Among them, Ethereum (ETH) fell 6.15% in 24 hours, dropping below $2300. Bitcoin (BTC) fell 1.21%, dropping below $78,000. Only the SocialFi sector remains relatively strong, rising 0.58%. Within this sector, Toncoin (TON) rose 0.52% and Chiliz (CHZ) rose 4.02%.
In other sectors, the Layer2 sector fell 1.36% in 24 hours, but zkSync (ZK) surged 13.62%, and Zora (ZORA) rose 4.73%; the Meme sector fell 0.12%, within which MemeCore (M) remained relatively strong, rising 4.79%; the Layer1 sector fell 1.77%, and Canton Network (CC) rose 4.73% during the day; the DeFi sector fell 1.93%, but MYX Finance (MYX) rose 14.41% against the trend; the CeFi sector fell 2.24%, and Binance Coin (BNB) fell 2.49%; the PayFi sector fell 2.92%, while Ultima (ULTIMA) significantly climbed 19.93%. The cryptocurrency sector index reflecting historical market trends shows that the ssiSocialFi, ssiMeme, and ssiRWA indices rose by 1.20%, 1.14%, and 0.17%, respectively.
The crypto market faces dual pressures from macro and technical factors, with a single day evaporation of over $100 billion in market value!
Market sentiment oscillates between greed and fear, with every fluctuation in the candlestick chart reflecting changes in traders' mindsets. The past weekend saw a deep correction in the cryptocurrency market. According to data from the morning of February 1st, Beijing time, the price of Bitcoin once dipped to $78,130, breaking through the key level of $79,000, which also set a new low since April 2025. Meanwhile, other major cryptocurrencies such as Ethereum, SOL, and Dogecoin generally showed declines of over 10%.
The sharp drop in prices has led to a significant reduction of approximately $111 billion (about 771.6 billion RMB) in the total market value of global crypto assets in a short period, resulting in substantial losses for many investors. Statistics from CoinGlass show that in the past 24 hours, the number of investor accounts liquidated globally has exceeded 410,000, with a total liquidation amount reaching $2.529 billion (about 17.58 billion RMB).
BTC Stops Falling and Recovers, ETH Clearly Weakens: Key Interval Analysis in a Fluctuating Market!
Market Review: BTC quickly stopped falling and recovered, ETH shows obvious weakness in following the rise. Yesterday morning, Bitcoin found support around 81000 after a rapid decline, and then the downward momentum clearly slowed, with the price starting a technical rebound and rising steadily. The rebound peaked at 84500 (early this morning), and then the bullish momentum gradually weakened. Currently, the price is hovering around 84000 in a narrow range.
In contrast, Ethereum's overall performance is significantly weaker than Bitcoin. Although there was a rebound yesterday, the upward momentum is limited. Early this morning, the price briefly fell back to around 2640, then quickly surged to 2750, completing part of the decline recovery, but the sustainability of the rebound is insufficient, currently falling back again and maintaining a fluctuation around 2700, showing a weak trend.
January is coming to an end, and the market has undergone a reality check for the year 2026. After eight weeks of sideways fluctuations, a sudden 7% drop reversed market sentiment, leading to a loss of tens of billions of dollars in TOTAL market capitalization and pushing the market back into risk-off sentiment. Specifically, in less than 48 hours, the cryptocurrency market evaporated about 200 billion dollars, triggering the largest liquidation wave of 2026 so far, totaling approximately 1.8 billion dollars, of which 95% of the liquidations came from long positions. However, it was not just the cryptocurrency market that was hit hard. The entire U.S. market was affected, with the market capitalization of metals, cryptocurrencies, and stock markets evaporating over 5 trillion dollars, which analysts referred to as a once-in-a-decade upheaval.
Affected by large-scale sell-offs in the cryptocurrency market and exits of major whales, the price of Dogecoin has fallen to $0.115
After a brief rise on Monday, Dogecoin faced a significant reversal this week. This meme-based cryptocurrency peaked on Tuesday, then began a sharp decline that continued until Thursday. On Wednesday, the price of Dogecoin briefly reached a high of $0.127, followed by profit-taking that led to a price drop. As of the time of writing, the trading price of Dogecoin is $0.1151, down 7.74% in the past 24 hours. This cryptocurrency is showing a downward trend across all major timeframes, including hourly, daily, and weekly charts.
Mass liquidations hit the cryptocurrency futures market
Cryptocurrency market 'black night': 220,000 people liquidated, why did Bitcoin and Ethereum suddenly crash?
In the early morning hours, the cryptocurrency market experienced a significant downturn. Bitcoin's price dropped more than 5%, falling below $85,000, with a low of $84,425; Ethereum's decline was close to 7%, breaking below the key level of $2,800. This market fluctuation led to more than 220,000 investors being liquidated, involving a total amount of about $1.014 billion (approximately 7.05 billion RMB). Market panic spreads, with major cryptocurrencies such as SOL and Dogecoin falling over 6%, and the overall cryptocurrency market value dropping below $3 trillion at one point. This decline was triggered by multiple negative factors, with the hawkish signals released by the Federal Reserve becoming the key catalyst.
Is Dogecoin's Consolidation About to End? Is a Parabolic Rise or Plunge Next?
As the market rebounds from recent lows, Dogecoin (DOGE) is attempting to turn key areas back into support. Some analysts suggest that the cryptocurrency may be replaying its past trends, which could lead to significant volatility in the coming months. Dogecoin Reemerges in Parabolic Climb The largest market cap meme coin Dogecoin has been trading between $0.119 and $0.151 over the past month, reaching a one-month high of $0.156 during the rally in early January. Dogecoin retested the range low over the weekend, bouncing back 5% after finding support in the key $0.119-$0.120 region, close to current levels. The cryptocurrency is currently trying to return to the $0.1250 area to continue its rebound.
Why do BTC and ETH fall into turbulence again after the collapse of interest rate cut expectations? Key variables are approaching!
As of January 29, 2026, at 14:00, both Bitcoin (BTC) and Ethereum (ETH), the two major mainstream cryptocurrencies, have shown a pattern of rising and then falling, fluctuating downwards. After experiencing two rounds of ups and downs last night, Bitcoin is currently hovering around $88,200; Ethereum's movement basically follows Bitcoin's, failing to form an independent trend, with a current price of about $2,950.
Summary and outlook of macro news (1) Main bearish factors The Federal Reserve's hawkish stance suppresses market sentiment. In the early hours of January 28, the Federal Open Market Committee (FOMC) decided to maintain the federal funds rate in the range of 3.5%-3.75% and did not signal any interest rate cuts, leading to a failure of the market's previous expectations for easing policies. This statement directly suppressed the willingness to allocate risk assets, and with cryptocurrencies being highly volatile, the momentum for capital inflows has noticeably weakened.
ADA has performed relatively weakly in this cycle, with the peak only reaching 40% of the previous cycle's high, and the price has already approached the previous cycle's low in the early stages of this bear market. Therefore, it is highly likely that the bottom of this bear market will be lower than the bottom of the previous bear market.
ADA may continue to decline along the cyclical channel shown in the chart and may test the lower edge of the channel when Bitcoin finds its bottom at the end of this year, with a target range possibly between 0.08 and 0.1.
Dogecoin price faces further decline, on-chain indicators issue warnings against buying?
Dogecoin has dropped by 0.27% in the past 24 hours, with a trading price of about $0.1219 at the time of writing. On-chain data shows that Dogecoin investors should exercise caution before building positions.
Historical context reveals the risks of entering the market too early. The last major recession in October 2023 caused profitability indicators to drop to 44.88%, far below current levels. This gap indicates that the market has not yet reached a true collapse point. The 'Coin Days Destroyed' (CDD) indicator adds a layer of concern for potential buyers. This indicator tracks the movement of tokens held for the long term, revealing when seasoned holders sell their positions. In June 2023, the CDD indicator saw a significant spike, coinciding with the bear market's low point. Current data shows that no similar selling events have occurred in this bear market cycle.
Cryptocurrency Market Showdown: Waiting for Two Macro 'Thunderclaps', Bitcoin Faces Ultimate Test at $90,000!
The cryptocurrency market faces a decisive battle today, with Bitcoin gathering strength before the $90,000 threshold. Global investors are holding their breath for the Federal Reserve's policy statement and former President Trump's public speech, as these two events are seen as key variables that could ignite the market. On January 28th in Beijing time, the volatility of the cryptocurrency market has dropped to an unusually low level, with Bitcoin's price narrowly consolidating around $89,000, while Ethereum barely maintains above the important psychological barrier of $3,000. Beneath the surface calm of the market, a storm driven by macro news is brewing.
Overall Market Situation: Sector Rotation in Low Volume Consolidation
Spot gold completed its rebound repair yesterday, with prices oscillating around 5080. This morning, the market experienced sudden volatility, triggered by Trump's 'yo-yo' remarks regarding the dollar, along with traders closely monitoring signals of potential joint intervention in the foreign exchange market by the US and Japan, which directly caused the dollar index to plummet significantly, briefly falling to a nearly four-year low of 95.51. #币圈
Intensifying Bull-Bear Battle in the Digital Asset Market: Bitcoin Stuck at $90,000, Is Safe-Haven Capital Flow Worth Watching?
The digital asset market has recently shown a fierce tug-of-war between bulls and bears, with Bitcoin continuing to fluctuate around the critical level of $90,000. As of the morning of January 27, its price has repeatedly consolidated within the range of $88,828 to $86,996, currently reported near $88,500; Ethereum, on the other hand, is operating within a narrow range of $2,875 to $2,949, still unable to effectively break above the psychological level of $3,000. Against the backdrop of rising global risk aversion, cryptocurrency assets are undergoing severe tests. In the past week, Bitcoin-related funds recorded an outflow of over $1.3 billion, while during the same period, the price of gold broke through $5,000 per ounce, setting a historical high. The divergence in capital flows has prompted the market to reassess the safe-haven properties of digital assets.
The reason why SOL fell so deeply in the last bear market was largely due to the FTX collapse leading to a mispricing; otherwise, it probably would not have broken through support area 1.
Although the peak of this bear market is only slightly higher than the peak of the last bull market, it is highly likely that this bear market will not retrace as deeply.
First, this time around, SOL will not be mispriced like it was during the FTX collapse. Secondly, Solana has already shed the negative reputation of being a "downtime chain" through technical upgrades; Finally, the Solana ecosystem has made significant progress in this bull market, even overshadowing Ethereum.
Therefore, it is unlikely that SOL will break through support area 2.
The probability of the bear market bottom being between 20-30 is quite high. #币圈