In the past hour, total liquidations across the network reached $13.11 million, with $7.56 million from long positions, with $5.55 million from short positions. BTC liquidation $3.05 million, ETH liquidation $4.30 million.

According to Santiment, an on-chain data analytics platform, the proportion of panic discussions about Bitcoin on social media has risen to its highest level since 2026, while market sentiment indicators have fallen to their lowest point since November last year, with the overall atmosphere shifting from cautious to clearly panicked. The market is currently in a de-risking phase, with stocks and precious metals experiencing corrections after previous gains. The contraction of cross-market liquidity and the cooling of leveraged funds may continue to influence the cryptocurrency market. However, a sharp deterioration in sentiment often approaches a phase of "capitulation selling," where long-term funds typically choose to buy at lower levels as retail investors exit under pressure. If Bitcoin prices gradually stabilize, the current pessimistic sentiment may quickly reverse and drive subsequent buying back in. Analysis indicates that if macroeconomic market volatility continues, or if Bitcoin fails to recover key price levels watched by traders, panic may persist for several days, and short-term price movements may remain volatile. (CoinDesk)

According to Huoxun Finance on January 31, on-chain data monitoring shows that the Ethereum long positions of "1011 Insider Whale" have been partially liquidated, and the current holdings have dropped to about 198,000 ETH, worth about $510 million.

According to Huoxun Finance on January 31, OKX market data shows that BTC has just fallen below $81,000 and is currently trading at $80,865.40 per coin, down 2.43% on the day.

Huoxun Finance reported on January 31st that, according to Cointelegraph, data shows Bitcoin's price relative to gold has fallen to a historic low. This indicator has repeatedly appeared near Bitcoin's market bottoms in the past, signifying Bitcoin's significant weakness relative to gold. However, this also leads some analysts to view the current market environment as a potential buying opportunity, superior to that before the start of the 2015-2017 bull market. Market analysts believe that long-term holders are absorbing recent selling pressure. As funds rotate between safe-haven and risk assets, some traders anticipate a possible return of funds from gold to Bitcoin starting in February. However, others caution that this rotation is not inevitable and requires observation of changes in the macroeconomic environment and market risk appetite.