2026-01-19 20:30:26

#数字资产市场动态 $BTC $ETH Encountering a double kill! This wave of decline caught many traders off guard.

The logic behind the market is actually quite clear. On January 18, Trump announced tariffs on 8 European countries, with rates gradually increasing from 10% on February 1 to 25% in June. The global risk aversion sentiment instantly exploded—funds started rushing out of high-risk assets. Bitcoin dropped directly from the key level of 92,000-93,000, Ethereum followed closely, with both dropping more than 3% in a single day, and Ethereum even approaching the $3,200 mark.

What’s even more headache-inducing is the bad news from regulators. The Senate discussion on the "Crypto Market Structure Act" has been postponed, and the clauses regarding stablecoin interest have sparked dissatisfaction in the industry. This directly shattered institutional investors’ confidence—everyone is waiting, and incremental funds have completely dried up. Short-term traders previously took advantage of the trend to run, Bitcoin can still barely hold on with ETF funds, but Ethereum, due to dispersed ecosystem funding, is falling even deeper.

The most heartbreaking part is the leveraged liquidation. In 24 hours, the entire market saw over $680 million in liquidations, including $380 million in Bitcoin shorts and $250 million in Ethereum shorts, with 178,000 traders directly out. From a technical perspective, Bitcoin’s support at 91,000-90,000 is teetering, and Ethereum’s $3,270 defense line has already been broken, with selling completely out of control.

BTC-1,9%

ETH-3,25%

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LiquidationTherapist

· 13h ago

Once again, Trump is causing trouble, with risk assets being collectively dragged down and rubbed into the ground. People have already left, and new capital has truly run out; institutional investors are all watching from the sidelines. Clearance of 680 million, 178,000 people out, this wave is indeed quite brutal. Bitcoin can still cling to life through ETFs, but the Ethereum ecosystem's decentralization is really a major weakness. If 90,000 can't hold, there's really no defense left below.

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GmGnSleeper

· 13h ago

It's the same story again, when risk aversion kicks in, the coins are done. This time it's really harsh, with 680 million liquidated, directly wiping out the bankrupt farms. --- As soon as Trump speaks, the market cools down. It was obvious from the start. --- Damn, got caught again, how is ETH dropping even more sharply than BTC? --- Regulators are still arguing, funds have already fled, this pace is just incredible. --- If 90,000 can't hold, it will really break the level, feels like this wave isn't over yet. --- 178,000 liquidations, it's a bit desperate, but does it also mean the bottom is near?

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MerkleMaid

· 13h ago

Here we go again, the leverage liquidation drama. I told you this wave of liquidity is dangerously fake.

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FunGibleTom

· 13h ago

Damn, was it Trump again? Funds are really fleeing at a crazy speed... Reminds me of the last time when the news broke, $680 million was liquidated in one go, players are really miserable. Ethereum ecosystem is truly decentralized, but it tends to fall the hardest... No wonder it hurts so much today. Once there's a delay on the regulatory side, all institutions pull back, and incremental funds are really gone. The technicals are all broken, this is probably the most heartbreaking part, right? Did the short positions get blown out for 380 million? The greedy ones are paying the price. Wait, is there support below 90,000? Feels like the support level is paper-thin. This wave of decline was only about 3%, yet it’s so chaotic, looks like there are really a lot of leveraged players. Short-term traders have already run, those of us still holding really need to be cautious. ETF can save Bitcoin, but it can't save Ethereum; the different treatment is truly ironic.

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