Affected by Trump's tariff policies, market volatility has intensified, with the total market liquidation amount approaching $900 million in mid-January. XRP is currently trading around $1.95; if it rebounds to $2.29, it could face over $600 million in potential short liquidations, and whale holdings have reached their highest level since 2026. Axie Infinity (AXS) has risen over 120% this year so far due to its tokenomics plan, but increasing exchange deposits indicate potential selling pressure. Dusk (DUSK) has increased nearly sixfold in price, but if it retraces below $0.13, it could face significant long liquidations, mainly due to profit-taking and geopolitical concerns.

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