Trading

On Thursday, Bitcoin fell in sharp stages from $84,400 to the low-$81,000s, triggering roughly $1.7 billion in liquidations. By Friday morning, it was attempting to reclaim $83,000 after hotter-than-expected PPI, while spot Bitcoin ETFs recorded a -$817.8 million net outflow on Jan. 29 and about -$978 million across four sessions.

On January 30, 2026 (UTC), industry participants said India's Budget 2026 is expected to prioritize clearer crypto rules and lower tax friction. Expectations include reducing the 1% TDS under Section 194S and allowing VDA loss offsets, while the current 30% flat tax, no deduction of transaction costs, and gift tax above ₹50,000 remain in force.

Cardano's open interest declined to $607 million in the last 24 hours, an 8% drop that coincided with a broader crypto market sell-off and $1.74 billion in liquidations. ADA traded at $0.3274 after falling 5.44%, while long positions made up most of the $1.64 billion in long crypto liquidations. At the Midnight Tour in Japan, Cardano founder Charles Hoskinson announced a signed agreement to integrate the USDCx stablecoin into the Cardano ecosystem, backed by a 70 million ADA budget.

On Jan. 30, a CNBC Crypto World ticker briefly displayed XRP at $126.01, far above its market level, while veteran trader Peter Brandt reiterated a theoretical Bitcoin retracement zone near $25,000. Separately, OKX moved 41,128,246,331 SHIB from a cold to a hot wallet as broader crypto liquidations reached $1.7 billion and an $8.8 billion options expiry approached.

On 30 January 2026, a synchronized rout spanned gold, silver, equities, and cryptocurrencies, erasing more than $10 trillion within 24 hours, according to market estimates. Gold's drop cleared roughly $4 trillion, silver about $1.1 trillion, while crypto capitalization fell 4.78% to $2.83 trillion, with Bitcoin leading the decline. Analysts cited a gold breakdown and capital rotation as potential drivers.

On Jan. 29, Bitcoin spot ETFs registered their largest single-day outflow of 2026, with $817.87 million withdrawn across funds, according to SosoValue. BTC traded around $84,220 after falling over 4% in 24 hours, while total ETF trading value reached $7.51 billion. Issuer outflows were led by BlackRock at $317.81 million, followed by Fidelity and Grayscale.

Crypto analyst Tony Severino contends that Bitcoin’s primary bullish cycle has already run its course, based on traditional market cycle theory and U.S. ISM PMI data. He notes that the PMI trend of lower highs and lower lows, with the index near 47.9 and key risk levels at 46 and 41.6, signals a weakening backdrop that conflicts with expectations for a fresh major uptrend. Severino also highlights a monthly moving-average breakdown and past 40% to 60% drawdowns, suggesting a potential downside target around $45,000 before any renewed bullish phase.

Coin Metrics data show top-10 altcoins now control roughly 82% of non-Bitcoin market cap, narrowing breadth since 2021. Wintermute reported average altcoin rallies lasted about 19 days in 2025 versus 61 in 2024, while CCData said December 2025 volumes fell 26.4% to $5.79 trillion. In this setup, recoveries tend to favor majors over small caps.

Bitcoin has dropped below $84,000 after several unsuccessful attempts to break through the $94,000–$97,000 resistance zone, with some analysts warning that a further decline toward the $74,000–$76,000 area is possible if the level does not hold. Other market observers point to historical cycle patterns that could see the price fall much deeper, while some analysts still view the broader structure as bullish and see potential for a move toward $200,000 before a major correction.

On January 30, 2026, Binance said it will convert $1 billion from its SAFU reserves into Bitcoin, moving funds out of stablecoins. At the time of writing, Bitcoin hovered near $82,379 after recent declines. The step echoes a March 2023 allocation that preceded a broad crypto market upswing.