BTC (Bitcoin) down 1.17% in the last 24 hours

Gate News Bot Message, January 29th, according to CoinMarketCap data, as of press time, BTC (Bitcoin) is currently trading at $88,048.83, down 1.17% in the past 24 hours, with a high of $91,100.25 and a low of $86,003.71. The 24-hour trading volume reached $41.723 billion. The current market capitalization is approximately $1.76 trillion.

Bitcoin is an innovative payment network and a new form of currency. BTC operates using peer-to-peer technology without the need for a central authority or banks; transaction management and Bitcoin issuance are collectively handled by the network. Bitcoin is open-source, its design is public, and no one owns or controls Bitcoin; everyone can participate. With many unique attributes, Bitcoin enables exciting applications that previous payment systems could not support. Bitcoin offers advantages such as fast peer-to-peer transactions, global payments, and low processing fees.

Important recent news about BTC:

1️⃣ Derivatives market volatility triggers large-scale liquidations Over the past 24 hours, the total liquidation amount across the network remained high, fluctuating between $230 million and $310 million. Bitcoin long positions liquidated ranged from $12.63 million to $43.85 million, while short liquidations ranged from $23.85 million to $77.72 million. Large liquidations of high-leverage positions, combined with price volatility, created positive feedback, intensifying short-term market fluctuations. According to liquidation distribution, if BTC drops below $84,899, the total long liquidation on major centralized exchanges could reach $1.78 billion, while breaking above $93,164 could trigger $1.211 billion in short liquidations. The existence of these liquidation zones constrains the market’s unilateral trend.

2️⃣ Corporate deployment accelerates, institutional holdings hit new highs Corporate Bitcoin holdings reached 1.1 million coins in Q4 2025, a significant increase from the start of the year. Several listed companies, including Strive, continued to increase their holdings. Strive purchased 333.89 BTC at an average price of $89,851, increasing its holdings to 13,131.82 BTC, making it the tenth-largest Bitcoin holder among companies globally. DDC Enterprise, SRx Health Solutions, and others also increased their digital asset investments during Q4 and January, spending a total of $18 million. Meanwhile, large asset management firms like Mirae Asset Global Investments are increasing their allocations to Bitcoin Treasury companies, reflecting institutional recognition of Bitcoin’s long-term value.

3️⃣ Mining industry transformation drives structural optimization Investment in AI infrastructure by Meta and Microsoft has significantly increased, forming an industry backdrop. Meta expects capital expenditures between $115 billion and $135 billion in 2026, while Microsoft’s AI business has surpassed its core operations. Bitcoin mining companies are actively seizing this opportunity by shifting toward data center operations for industry upgrades. Iren signed multi-year cloud service contracts with Microsoft, Cipher Mining signed a 300 MW power contract with Amazon, and Hut 8 and others are accelerating their transformation. This development provides new growth points for miners to cope with profit pressures after the Bitcoin halving.

4️⃣ Spot ETF investors face holding position tests The average entry price for US Bitcoin spot ETF investors is around $86,000, with current market prices fluctuating near this level. Since January, ETF holdings have decreased by 8.4%, with total funds flowing in dropping from about $72.6 billion to $66.5 billion. In the latter half of January, six trading days experienced net outflows, with only January 26 seeing a net inflow of $6.8 million. When profit buffers diminish, investor expectations directly influence capital flows.

5️⃣ Market liquidity contraction deepens structural risks In January, the total spot trading volume of cryptocurrencies on centralized platforms was approximately $1.118 trillion. Without a clear rebound, this could hit a new low since July last year. On-chain retail trading indicators have been declining since August last year, the total market cap of ERC-20 stablecoins has fallen back, and stablecoin reserves on exchanges have decreased accordingly, indicating funds are gradually exiting the crypto ecosystem rather than rotating within the market. The total cryptocurrency market cap has fallen below $3 trillion, with the support zone around $2.86 trillion under pressure, highlighting market structural fragility.

This message is not investment advice; please be aware of market volatility risks.