Crypto Liquidations Near $1.7B as Volatility Spikes and Prices Drop
Crypto markets saw a sharp sell-off over the last 24 hours, triggering a massive wave of liquidations. According to CoinGlass data, total liquidations reached nearly $1.7 billion, as the overall crypto market cap fell around 6%. The move came during a risk-off environment, with rising geopolitical tension between the U.S. and Iran adding pressure across markets. Long Traders Took the Biggest Hit Most liquidations came from traders betting on upside. Around 270,000 traders were wiped out in the past day. Long liquidations: about $1.57B Short liquidations: about $107M This shows the market was heavily positioned on the long side before the drop. Bitcoin and Ethereum Led the Liquidation Wave Bitcoin accounted for nearly half of the total wipeout. BTC liquidations: about $768M Longs: roughly $745M Ethereum also saw major forced selling. ETH liquidations: about $417M Longs: roughly $390M Exchanges With the Highest Liquidations The biggest liquidation volumes were concentrated on a few major platforms. Hyperliquid saw the largest activity, followed by Bybit and Binance. These forced closures happen when leveraged traders cannot meet margin requirements, and exchanges automatically close positions. During sharp drops, this selling pressure often accelerates the downside. BTC and ETH Fell to Two-Month Lows Both majors dipped to their lowest levels in about two months during early Asian trading. Bitcoin dropped near $80,815 Ethereum fell to around $2,687 Prices later rebounded slightly, but volatility remains high. Among the top 10, Solana was one of the biggest losers, falling around 7.7% in the same 24-hour period. Risk-Off Mood Spread Across Markets The turbulence was not limited to crypto. Reports also pointed to stress in metals and equities, with even tokenized gold exposures seeing liquidation events as the broader sell-off intensified. Sentiment Drops Into Extreme Fear Market psychology weakened quickly. The Crypto Fear & Greed Index reportedly fell to 16, entering “extreme fear” territory and marking its lowest level so far this year. On-chain data also suggested whale activity consistent with panic selling during the sharp move. What Comes Next? With geopolitical uncertainty, heavy deleveraging, and fragile sentiment colliding, traders are now preparing for continued volatility. The key question moving into February is whether this liquidation flush sets up a relief bounce or if risk aversion keeps markets under pressure a bit longer. Not financial advice. Stay cautious and manage risk.
Today’s Trending Crypto: A Human-Style Market Report
Crypto “trending” isn’t the same thing as “best performing.” Most trackers define trending as what people are searching, viewing, and clicking right now—often driven by headlines, sudden price moves, or meme momentum.
Two of the most-used public dashboards show that clearly:
CoinGecko Trending ranks coins by most searched in the last ~3 hours. Coinranking Trending ranks coins by real-time engagement (views/searches/interactions), and it updates frequently.
Below is a clean “snapshot” of what’s hot today, plus what it likely means.
Snapshot: what’s trending right now
A) CoinGecko — most searched (short-term hype/attention)
CoinGecko’s page shows these at/near the top today (with live price + recent % changes on the page):
Moonbirds (BIRB) Bitcoin (BTC) Ultima (ULTIMA) Tether Gold (XAUT) PAX Gold (PAXG) What this signals: a mix of (1) blue-chip attention (BTC), (2) high-volatility smaller caps (BIRB, ULTIMA), and (3) gold-backed tokens (XAUT, PAXG)—often searched when markets feel jumpy.
B) Coinranking — engagement-driven (broader “people are watching this”) Coinranking’s “Trending coins” list has Tether Gold (XAUT) at #1 today, followed by coins like Aster (ASTER) and Axie Infinity (AXS) among the top ranks shown on the page.
Coinranking also clarifies something important: trending coins can be down in price they trend when attention spikes, not only when they pump. C) DEX Screener — trending pairs (meme/low-cap momentum on DEXs) DEX Screener’s trending list is heavily Solana-pair memecoin activity today (lots of very new pairs, high transactions, fast rotation). Examples at the top include several SOL pairs such as “DOG/SOL,” “BP/SOL,” “SOULGUY/SOL,” etc., with very recent ages and high txn counts. What this signals: the on-chain “casino” is active high turnover, high risk, and fast narrative cycles.
What the trend mix is telling us (in plain language) 1) People are hedging and speculating at the same time
When gold-backed tokens (XAUT, PAXG) trend alongside meme/low-cap tokens, it often means the market is split:
one crowd wants “safety” exposure (gold tokens), another crowd is still chasing upside (memes/new pairs).
2) Trending ≠ endorsement Because trending is attention-based, the list can include: coins that are pumping, coins that are dumping,
coins caught in controversy,
or coins suddenly viral on social media. Coinranking explicitly notes this dynamic. 3) DEX trends are the fastest and the most dangerous
DEX trends move the fastest, but they are also the most dangerous. New pairs often come with extreme volatility, low liquidity, copycats, and higher scam risk. Trending lists are useful for tracking attention and narratives, but they are not a buy signal on their own. Always combine trend data with volume, liquidity, and proper risk management before taking any trade.
In crypto, “trending” does not always mean “best performing.” Trending simply reflects what people are searching, viewing, and talking about the most right now. Attention can be driven by headlines, sudden price movement, or meme momentum. Two of the most followed public dashboards highlight this clearly. CoinGecko ranks coins by the most searched tokens over the past few hours, while Coinranking tracks real-time engagement such as views, searches, and interactions. Here is a clear snapshot of what is trending today and what it may signal. CoinGecko: Most Searched Tokens CoinGecko’s trending list today includes Moonbirds (BIRB), Bitcoin (BTC), Ultima (ULTIMA), Tether Gold (XAUT), and PAX Gold (PAXG). This mix shows traders watching both major assets like Bitcoin, smaller high-volatility coins, and gold-backed tokens. When gold tokens trend alongside crypto, it often reflects uncertainty and increased demand for hedging. Coinranking: Engagement-Based Trending Coinranking’s trending section has Tether Gold (XAUT) holding the top spot today, followed by tokens such as Aster (ASTER) and Axie Infinity (AXS). Coinranking also makes an important point: a coin can trend even while its price is falling. Trending is about attention, not only pumps. Coins often trend when activity spikes, whether positive or negative. DEX Screener: On-Chain Trending Pairs On DEX Screener, the trending list is dominated by Solana memecoin pairs. Many of the top trending pairs today are extremely new, with high transaction counts and fast rotation across tokens like DOG /SOL, BP /SOL, and SOULGUY /SOL.
This signals that on-chain speculative activity remains strong, but it also highlights the higher risk environment of DEX trends. What Today’s Trend Mix Suggests
The market appears split between two behaviors. On one side, traders are looking for safer exposure through gold-backed tokens. On the other side, many are still chasing upside through low-cap memes and newly launched pairs. It is also important to remember that trending is not an endorsement. A token can trend because it is pumping, dumping, going viral, or simply being discussed heavily. DEX trends move the fastest, but they are also the most dangerous. New pairs often come with extreme volatility, low liquidity, copycats, and higher scam risk. Trending lists are useful for tracking attention and narratives, but they are not a buy signal on their own. Always combine trend data with volume, liquidity, and proper risk management before taking any trade.
$EDU LONG 📈💥 Pullback expected into 0.1460–0.1452… that’s the reload zone. Entry: 0.1460–0.1452 SL: 0.1439 TPs: ✅ 0.1499 ✅ 0.1515 ✅ 0.1531 If we hold 0.1452, we send it back to highs 🚀
Why the Fed’s January 2026 FOMC Meeting Moved Crypto (A Human-Style Market Report)
Executive summary
Crypto didn’t move in a vacuum this week. It moved like a high-beta macro assetreacting to the same forces pushing stocks, bonds, and the dollar. The center of gravity was the U.S. Federal Reserve’s first meeting of 2026 (Jan 27–28) and the tone that followed.
The Fed held policy rates steady at 3.5%–3.75% after a run of cuts in late 2025, and Chair Jerome Powell signaled no urgency to rush into further cuts while inflation remains above target and growth has stayed resilient. That “higher-for-longer pause” message is exactly the kind of macro input that changes risk appetiteand risk appetite is still one of the strongest short-term drivers of crypto.
What happened: the macro catalyst The meeting that mattered The Federal Open Market Committee (FOMC) met January 27–28, 2026, with the decision and press conference on January 28. The decision and the signal The Fed kept rates unchanged (3.5%–3.75%). More importantly than the hold itself was the reasoning: Powell leaned on a view that the economy is still strong enough to justify patience, and that inflation progress isn’t yet a victory lap.
Several reports also noted dissenters who preferred cutting—useful context, because dissents can feed market narratives about “cuts coming soon,” even when the chair sounds cautious.
Why crypto cares about the Fed (even when nothing “crypto-native” happens) Think of it as a chain reaction 1) Rates → Liquidity expectations When markets believe borrowing costs will fall soon, they tend to price in easier financial conditions (more liquidity, more leverage, more speculation). That environment usually helps crypto. When the Fed signals “not in a hurry,” it can reduce the odds of near-term easing and cool those liquidity expectations—especially in the derivatives-heavy parts of crypto. 2) Rates → Bonds → The “risk-free alternative” Higher yields (or the expectation they’ll stay higher) make safe assets more attractive. For crypto, that creates a constant comparison: Why take volatility if Treasuries pay well? This doesn’t kill crypto demand, but it can cap risk appetite at the margin. 3) Rates → Dollar (and global risk mood) A hawkish tilt can strengthen the dollar and tighten global liquidity; a dovish tilt can do the opposite. Crypto often behaves like global risk sentiment made tradable. 4) Messaging → Volatility (even without a rate move) Crypto traders don’t just trade outcomes they trade surprises. A “hold” was widely expected, but the wording and Powell’s emphasis on patience can still jolt positioning, causing quick swings and liquidations. What we saw in prices (context, not a prediction) Bitcoin (BTC) traded with notable intraday volatility today (range roughly mid-$85k to low-$90k on the feed), reflecting the market digesting the post-FOMC tone. Ethereum (ETH) also swung sharply, underperforming BTC on the day—typical behavior when traders reduce leverage and rotate toward “simpler” exposure.
This kind of price action is consistent with what major outlets described as a Fed that is pausing and emphasizing data dependence rather than promising rapid easing.
The three scenarios traders priced (and why each matters)
Scenario A: “Dovish hold” (best for crypto)
Rates unchanged, but the Fed hints cuts are closer than markets expected.Outcome: risk assets rally, altcoins catch a bid, leverage returns.
Scenario B: “Neutral hold” (choppy) Rates unchanged, guidance stays flexible, no clear signal. Outcome: range trading, volatility around headlines, BTC steadier than alts.
This week’s coverage largely framed the outcome as a hold with caution/no rush rather than an invitation to immediate easing.
What to watch next (the “macro dashboard” for crypto)
If you want to track whether the Fed narrative keeps pressuring or supporting crypto, these are the cleanest signals:
Next Fed communications (minutes, speeches, and the next calendar date) Inflation and jobs prints (because Powell keeps pointing back to the data) Dollar strength + real yields (often lead crypto’s risk mood) Funding rates & open interest (tells you whether leverage is rebuilding)
That’s why even a decision that looks boring on paper (“no change”) can still move Bitcoin and Ethereum: in crypto, expectations are the product.
Binance Wallet Launches Pre-TGE Prime Sale for Zama (ZAMA) With 1:1 Bonus Allocation
Binance Wallet has officially launched the Pre-TGE Prime Sale Edition featuring Zama, giving users early access to ZAMA tokens ahead of the Token Generation Event.
The Prime Sale will take place on January 29, where eligible users can subscribe directly using BNB inside Binance Wallet. The event follows an oversubscription model, with each user able to commit up to 3 BNB. Token allocation will be calculated proportionally based on the amount committed by each participant relative to the total BNB deposited during the sale.
Once the subscription window closes, users will be able to claim an on-chain Key on BNB Smart Chain within Binance Wallet. This Key acts as proof of a successful subscription and represents the user’s ZAMA allocation. Any unused BNB will be automatically refunded.
The actual ZAMA tokens will be airdropped directly to users’ Binance Alpha accounts on the TGE date, allowing trading on the Binance platform.
Participants will also receive a 1:1 bonus allocation. For every ZAMA token allocated, one additional ZAMA token will be credited on the TGE date, effectively doubling the final allocation.
Zama is a cross-chain confidentiality protocol that enables private smart contracts across networks including Ethereum, BNB, Base, and Solana through Fully Homomorphic Encryption. The ZAMA token is used for protocol fees and staking, with a burn-and-mint mechanism that adjusts supply based on network usage.
The claimed Key has no monetary value and is not tradable. Users are advised to verify the official contract address through Zama’s official channels before interacting with any on-chain assets.
Early access, bonus allocation, and privacy-focused infrastructure are at the center of this Prime Sale launch.\
SYN is showing a strong breakout after a long downtrend and consolidation phase. Price pushed up with a bullish impulse candle, volume is increasing, and key resistance levels are being reclaimed. This could be the start of a bigger reversal move. $SYN
Entry Zone: 0.064 – 0.067 (only if breakout support holds) Stop Loss: 0.058 (below structure and base)
This setup looks strong because of the breakout candle with volume, reclaiming resistance, and a higher-low structure forming.A clean break above 0.090 could trigger a bigger move.