2026-01-21 05:24:46

The recent market movements have been quite intense. Bitcoin briefly dropped below $88,000, with a low of $87,900, and experienced over 5% loss in 24 hours. Ethereum also didn't fare much better, once falling below $3,000 with a daily decline approaching 7%. Within just a few hours, a large number of leveraged positions were liquidated, forcing longs to exit the market, which directly amplified the overall market volatility.

But this decline didn't happen out of nowhere. Observing the global asset trends can reveal the clues—stock markets are rapidly correcting, long-term government bonds are being heavily sold off, the US dollar is weakening, and gold has hit new highs. This is a typical "sell US assets" trading pattern, playing out across multiple markets. Cryptocurrencies are no longer an isolated safe haven but have become part of the global asset allocation. When macro risks suddenly escalate, deleveraging and reducing positions often occur simultaneously.

Geopolitical uncertainties are also intensifying. Tensions across the Atlantic are increasing, with ongoing power, security, and trade struggles. Hardline statements, sanctions threats, and tariff pressures—all these factors are re-pricing market risk premiums. When political games shift from negotiation to deterrence, financial markets tend to react most sensitively, with risk assets being sold off first. This correction is precisely a market reassessment of global uncertainties.

BTC-2,61%

ETH-3,62%

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degenonymous

· 11h ago

It's that same "sell-off of the US" again, and this time even crypto can't escape. Global asset allocation has left no safe haven.

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SelfCustodyBro

· 11h ago

Here we go again. Where is the bottom support that was promised before? This time it broke through directly, which is really pointless. This time it's not just about the coins; the whole world is selling off. I just want to know how low it has to go before it's over. I've seen many cases of leverage liquidation, and the blame goes to those non-custodial platforms forgetting their responsibilities. Geopolitics is starting up again. It happens every time. Crypto markets often get caught in the crossfire. It's crucial to guard your own keys well. This kind of market tests your mental resilience the most.

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EthSandwichHero

· 11h ago

The liquidation wave is back again, leverage traders deserve it, really should cut losses --- I'm tired of hearing the same logic about selling off the US, it just sounds like a lame excuse --- With the geopolitical situation so tense, who dares to leverage up? Are you out of your mind? --- Damn, it dropped again, this time it's really a bit scary, feels like it might fall further --- Is the new high in gold the bottom of the crypto market? Don't be silly, Americans are tired of that trick --- The bulls are forced to exit, the bears are almost dead, no one is making money --- This is really not an isolated event in the crypto world; global assets are all playing the same game to wipe out --- Falling below 88,000, and people are already shouting that the sky is falling. Is the market this fragile? --- The macro risk escalation directly caused a sharp drop, it came so quickly that it was a bit unexpected

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BTCBeliefStation

· 11h ago

87,900 should be a bottom if you just get in, still watching the show? --- Ugh, it's that same "global asset allocation" story, I've heard it too many times. --- Leverage traders are about to pay tuition again, it hurts just to watch. --- Every time geopolitical tensions heat up, the market suffers so badly. When will it stabilize? --- After the sell-off in the US, crypto still drops so hard, it's truly outrageous. --- Gold hitting new highs couldn't save the market; this time it's really risky. --- A 5% drop isn't a big deal, just waiting to see if it rebounds tomorrow. --- Threats of sanctions flying everywhere, no wonder risk assets are fleeing first. --- From negotiations to deterrence in an instant, the market reacts so quickly. --- Long positions being liquidated in these few hours really amplified the effect. --- Weakening dollar but Bitcoin not saved, that logic has some issues. --- Still claiming crypto is a safe haven, but it's been proven wrong countless times. --- The key is not knowing where the bottom is, that's the most desperate part.

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JustHereForAirdrops

· 11h ago

This wave of decline is indeed fierce. The drop to 8.79 directly scared me. Friends who got liquidated on leverage probably lost a lot. You really can't just look at the crypto market trend; stocks, bonds, and the dollar are all performing in the global arena. We've actually been incorporated into that already. I think the key factor is the escalation of geopolitical tensions. Negotiations turning into deterrence, risk assets are the first to be affected, right? Can I speak honestly? In times like these, it's actually better to think about bottom fishing, or should we keep watching? But on the other hand, the new high in gold is quite interesting, indicating where smart money is flowing.

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BearHugger

· 11h ago

The moment of leverage liquidation is truly exciting; looking at the liquidation leaderboard is like watching a fireworks display... This time, it's definitely not just about technical factors. To put it simply, it's a re-pricing of global risks. Our crypto circle has long become a conveyor belt for the broader market. When geopolitical tensions escalate, the first to take a hit are risk assets like ours, and no one can avoid it.

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TokenUnlocker

· 11h ago

Here we go again, the global sell-off of the US... Every time there's a macroeconomic wind or disturbance, crypto has to follow suit and plunge. Truly speechless.

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