On January 21, news reports indicate that the global cryptocurrency market experienced a significant sell-off on Tuesday, with Ethereum (ETH), Solana (SOL), and Cardano (ADA) all declining by approximately 5%. Bitcoin’s price temporarily fell below $90,000, and market risk aversion sentiments markedly increased. Threats from Trump regarding tariffs on certain European countries, coupled with selling pressure in the US and Japanese bond markets, prompted investors to withdraw from high-risk assets, leading to increased cryptocurrency volatility.
ETH dropped about 6.5% within 24 hours, briefly falling below $3,000; SOL declined over 4% on the day, with a seven-day decline exceeding 12%; ADA fell approximately 2%, with a nearly 15% decrease over the week, indicating that high-beta tokens tend to be more volatile during market panic. As a market risk indicator, Bitcoin’s price decline triggered chain liquidations of leveraged positions, with over $1.09 billion in crypto positions liquidated in the past 24 hours, 92% of which were long positions.
Market analysis points out that Trump’s push for Greenland and threats of tariffs have heightened geopolitical uncertainties. Additionally, soaring bond yields have led investors to favor cash-flow-stable safe-haven assets. The surge in gold prices further confirms this trend. Altcoins, due to their high volatility, led the decline, while Bitcoin also faced downward pressure amid long squeeze scenarios.
This sell-off serves as a reminder to traders that global politics and bond markets continue to have a key influence on cryptocurrency trends. In a crowded position environment with suppressed volatility, market tolerance for sudden shocks diminishes. Investors are closely watching Trump’s policy moves following his attendance at the Davos Forum, as well as potential further fluctuations in interest rates and currency markets. In the short term, the cryptocurrency market may enter a more defensive phase, requiring traders to carefully manage positions and leverage risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: In the past 24 hours, the total liquidation across the network was $371 million, with long positions liquidated at $241 million and short positions at $130 million.
ChainCatcher reports that, according to Coinglass data, the entire network experienced liquidations of $371 million in the past 24 hours, with $241 million in long positions and $130 million in short positions. Among these, Bitcoin long liquidations totaled $85.252 million, Bitcoin short liquidations $58.6189 million, Ethereum long liquidations $48.3205 million, and Ethereum short liquidations $30.44 million.
GateNews3h ago
Vitalik: Ethereum should build a "shelter-type technology"
Vitalik expressed concerns on social media about the expansion of government and corporate power and the erosion of privacy. He suggested that Ethereum should be positioned as a "sanctuary technology," emphasizing the importance of open source and decentralization to support robust collaboration and value management.
GateNews3h ago
Data: If ETH breaks through $2,084, the total liquidation strength of long positions on mainstream CEXs will reach $982 million.
ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,084, the total liquidation strength of long positions on major CEXs will reach $982 million. Conversely, if ETH drops below $1,888, the total liquidation strength of short positions on major CEXs will reach $751 million.
GateNews4h ago
Machi Big Brother Liquidated Again After $250K ETH Long Bet
_Machi Big Brother has lost nearly $74M in 6 months trading 25x leveraged ETH longs since September._
_His recent $250K USDC deposit to Hyperliquid dropped to about $8.5K after liquidation._
_Ethereum fell from $4.7K in September to around $1.9K during the period of his
LiveBTCNews6h ago
ETH short-term surge of 1.30%: On-chain large transfers and concentrated liquidity drive price breakthrough of resistance
On March 3, 2026, from 16:00 to 16:15 (UTC), ETH achieved a short-term profit of +1.30%, with the price fluctuating between 1965.11 and 2001.75 USDT, a volatility of 1.86%. Market attention significantly increased, minute-level trading volume surged, volatility intensified, and short-term capital was actively chasing gains. The main drivers of this anomaly were large inflows of on-chain funds and whale activities. Ceffu's hot wallet transferred a large amount of 15,000 ETH to a major exchange on the same day, whales recharged USDC margins, and large on-chain transfers were active, driving flow.
GateNews7h ago
ETH Breaks Through 2000 USDT
Gate News bot message, Gate market display, ETH breaks through 2000 USDT, current price 2000.74 USDT.
CryptoRadar7h ago
