Trading

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.

On January 31, 2026, Hyperliquid's daily revenue rose to $4.3 million, its highest level since November, supported by incentives, liquidity programs, and strong trading activity. The protocol is maintaining about $4.58 billion in TVL, while HIP-3 perpetual futures open interest climbed to a record $793.27 million alongside heavy whale activity in HYPE. One major HYPE holder realized a $4.92 million profit after unstaking and selling, and another whale moved $14.87 million in tokens from Galaxy Digital.

Bitcoin has broken down from a daily flag, putting the $80K demand area in focus amid risk-off sentiment tied to headlines about President Trump's pick to replace Jerome Powell. The 4-hour view points to a potential corrective move toward the $88K supply zone. On-chain Realized Price age bands show shorter-term holders under pressure as price approaches historically active accumulation ranges.

U.Today said XRP fell more than 3.90%, extending a death cross and marking a 90-day low, with weekly losses at 11.33%. According to CoinMarketCap, the token traded at $1.69 after a $1.78 intraday high, while 24-hour volume slid 20.74% to $4.02 billion; the pattern was first observed on Jan. 19.

From January 26 to 30, US-listed Bitcoin ETFs posted about $1.5 billion in net outflows, while Ethereum funds saw roughly $327 million. According to Farside Investors, withdrawals intensified on January 29–30; Solana flows were largely flat, and a single XRP ETF session erased nearly $93 million of prior inflows.

Bitcoin has come under pressure following a sharp pullback, but short‑term support levels are still holding and momentum indicators point to fading downside pressure. Technical signals such as an RSI reading in the low‑30s on the 4‑hour chart and a contracting MACD histogram align with analyst views that the move is corrective rather than a structural breakdown. Some analysts see the current phase as quiet accumulation after a sentiment flush, with risk‑reward favoring cautious long setups as long as critical support zones remain intact.

On January 30, analyst Ali Martinez said on X that XRP could be primed for a short-term bounce if the TD Sequential setup is confirmed at the $1.70 support. The token started the week up roughly 7% before sliding on Wednesday. Meanwhile, US XRP spot ETFs saw outflows exceeding $69 million, and XRP was at $1.74, down 3.26%.

XRP fell 11.27% over the past week and 2.75% in the last 24 hours to $1.70, according to CoinMarketCap. Derivatives open interest rose 2.98% to $1.2 billion as 24‑hour spot volume climbed 20.67% to $4.06 billion; SoSoValue reported $92.9 million in XRP ETF outflows on Friday. Dated futures OI was $1.9 million, down 2.63%, while perpetuals dominated activity.

Bitcoin dropped to about $81,500 on Thursday, January 29, then rebounded above $93,000 on Friday, January 30. In a CryptoQuant Quicktake, CryptoOnchain said Binance's Estimated Leverage Ratio surged to 0.188 during the sell-off, signaling higher liquidation risk. The analyst added that the market is in a high-tension zone and a squeeze could be imminent.