Ethereum dropped from $2,700 to roughly $2,400 on January 31 after losing multiple support levels. Analysts caution that failing to regain those zones could open a deeper drawdown toward $1,435.

Bitcoin dropped more than 7% over the weekend, pushing BTC price under $80,000 and close to its April 2025 low around $74,500. The move sent Bitcoin below the $80,700 true market mean and threatened Strategy's more than 700,000 BTC corporate treasury, which turns negative around $76,037. Analysts highlighted mounting liquidations and key downside levels, including the prior cycle peak at $69,000.

On 31 January 2026 at 21:09, Bitcoin slid to about $77,900, a 7.36% daily decline that coincided with forced unwinds across major tokens. The total crypto market value fell to roughly $2.62 trillion, down 7.48% and erasing over $200 billion, while liquidations topped $2.53 billion, mostly from long positions as Ethereum and Solana underperformed.

BitMine Immersion Technologies, a publicly listed crypto treasury linked to Tom Lee, faces over $6 billion in unrealized losses on its Ether holdings. According to Dropstab, after adding 40,302 ETH last week to push its total above 4.24 million, the stash is worth roughly $9.6 billion, down from about $13.9 billion in October.

On January 31, 2026, Bitcoin briefly fell to $76,000 after a $3,000 slide within five minutes. The Kobeissi Letter said a $1 billion levered long was liquidated at 1:43 PM ET, while CoinGlass showed the day’s largest single liquidation was $222 million on Hyperliquid. BTC later rebounded toward $78,000.

On January 29, 2026, Spot XRP ETFs recorded a $92.9 million net outflow, the largest since launch, then reversed with a $16.79 million net inflow the next day. Cumulative trading volume reached $2.23 billion, marking a new peak, even as XRP slipped to about $1.69 after weekly and daily declines.

Ethereum hovered near the $2,500–$2,600 support zone after sliding below $2,800, while traders watched a weekly head-and-shoulders formation develop. ETF flows turned negative on 30 January 2026 with $113 million withdrawn and weekly losses reaching $58.4 million, even as Spot Taker Buy Dominant volume rose when price lost $2,800. With institutional exits and a potential U.S. government shutdown looming, ETH’s direction hinges on whether buyers can defend the range highlighted by recent on-chain data.

On 31 January 2026, Shiba Inu (SHIB) was down nearly 14% over seven days, while the Solfart Token ($SOLF) presale approached US$190,000 in Phase 2 at $0.000203 with just over 49% allocated. The project introduced the "Solfart Butt Heads" NFT free mint for holders and outlines a buyback-and-burn plan funded by GoMemecoin.com ads following an official June launch.