- Bitcoin fell about $4,000 to just under $93,000; top-10 coins dropped 2%–6%, and total crypto market cap slipped to about $3.23 trillion.
- Liquidations reached around $875 million in 24 hours, with about $234 million in Bitcoin and $156 million in Ethereum as longs made up most losses.
- Spot ETF flows stayed positive last week with $1.42 billion into Bitcoin and $479 million into Ethereum, while tariff headlines pushed sentiment back to fear.
Bitcoin led a broad crypto pullback after last week’s push higher. A sharp move hit late last night, when Bitcoin dropped about $4,000 within minutes and then stabilized. At press time, Bitcoin traded just below $93,000, down roughly 2.2% over the past 24 hours. Even with today’s dip, Bitcoin remained up more than 2% over the past seven days and spent part of the weekend near $95,000, which kept the weekly trend intact while short-term momentum cooled.
Bitcoin price dip pulls top coins lower as market cap slips to $3.23 trillion
Today’s move did not stay contained to Bitcoin. The top-10 cryptocurrencies by market capitalization traded about 2%–3% lower across the board, showing a synchronized risk-off tone. Ethereum fell around 3.2% to about $3,215 after trading above $3,300 over the weekend. Ethereum still held nearly 4% gains on the week, which highlighted how the selloff focused on the last 24 hours rather than the full seven-day window. Solana and Dogecoin posted the steepest daily losses among the top-10, with both down about 6% on the day, which added to the sense that traders trimmed exposure to higher-beta names first. The total crypto market capitalization slipped to approximately $3.23 trillion, down 2.6% on the day. That decline reflected a broad retreat rather than a single-asset issue, since majors and large alts moved lower together. Bitcoin’s quick $4,000 drop also shaped intraday behavior, since fast declines often trigger tighter risk controls, lower bid depth, and quicker profit-taking into rebounds. Traders watching Bitcoin near $93,000 also tracked the weekend zone near $95,000 as a recent reference level, since price had held there before the sudden step down.
Source: CoinGecko
Bitcoin and Ethereum volatility stays contained as sentiment returns to fear
Despite the price drop, options markets did not show a dramatic shock response. Matrixport analysts said on X that implied volatility in Bitcoin and Ethereum only edged higher marginally, even after renewed tariff threats from U.S. President Donald Trump tied to Greenland. The same update pointed to a sharp fall in volatility since mid-November last year. The analysts described an 18–25 volume point repricing over the past two months and called it a significant compression. They also noted that traders have not chased upside through options and have not hedged downside aggressively, which fit a market that trades in ranges until a catalyst forces a reset. Sentiment gauges also turned cautious again. The crypto market’s Fear & Greed Index slipped back into the “Fear” zone after briefly reaching “Neutral” last week for the first time in several weeks. That shift matters because it often changes trading behavior around Bitcoin, with more participants preferring shorter holding times and faster de-risking into volatility. With Bitcoin still up on the week, the fear reading suggested that investors remained uneasy about headline risk and liquidity shocks, even as medium-term positioning stayed constructive.
Bitcoin liquidations reach $234 million as total wipes hit $875 million
The selloff produced a clear liquidation footprint. Total crypto liquidations spiked to around $875 million over the past 24 hours, based on Coinglass data. Long positions made up most of the damage at roughly $788 million, while shorts accounted for about $88 million. That split showed that many traders leaned bullish into the move and then got forced out when price fell quickly. Bitcoin represented the largest share of liquidations at about $234 million, with Ethereum next at roughly $156 million. Altcoins made up another $133 million, which aligned with the heavier percentage losses seen in several high-beta names. Large-cap performance outside the top-10 looked mixed, which also shaped intraday flows. Within the top-100 assets by market cap, Monero stood out as the strongest performer, rising 8% on the day. Sky followed with gains of about 2.5%. On the downside, ASTER, the token tied to on-chain perpetual futures exchange Aster, dropped around 13.5% and reached an all-time low. Sui fell 12.4%, ranking as the second-weakest performer among the top-100 large-caps. Those divergences mattered for traders rotating risk, since relative strength sometimes pulls capital away from majors during choppy sessions, while weak names tend to accelerate selling when funding and leverage unwind. The liquidation pattern also suggested that the week’s volatility built gradually rather than exploding only during Sunday’s typically quieter trading. When leverage builds over several sessions, a sharp Bitcoin move can trigger cascading closures across venues. That dynamic often amplifies the first impulse down, then leaves the market searching for a calmer equilibrium once forced selling ends.
Bitcoin ETF inflows stay positive as tariffs and safe-haven demand return
ETF flows offered a different angle on demand. Even after net outflows on Friday, crypto exchange-traded flows remained positive on the week. Spot Bitcoin ETFs recorded net inflows of approximately $1.42 billion last week, which lifted cumulative inflows to about $57.8 billion, according to SoSoValue. That weekly inflow figure suggested continued allocation interest, even as Bitcoin pulled back today. It also showed that institutional-style demand can persist through short-term price swings, especially when investors treat dips as rebalancing moments rather than trend breaks. Spot Ethereum ETFs also drew steady demand. They logged net inflows every day last week and ended with more modest inflows on Friday. Total weekly net inflows came in at roughly $479 million, while cumulative inflows reached about $12.9 billion. Those numbers reinforced the idea that the market’s pullback did not automatically translate into sustained selling from all channels, even if futures leverage flushed out quickly. Macro headlines still shaped the backdrop. Investors leaned toward safe havens again as geopolitical tensions returned, after President Trump renewed threats to raise tariffs on several European allies as part of his push to take control of Greenland. Reuters reported an additional 10% tariff on goods from countries including Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and the UK. The measure would take effect on Feb. 1, then rise to 25% on June 1 unless progress occurs toward a Greenland agreement. European officials were expected to respond later today, which kept markets alert to follow-up statements that could affect risk appetite and, by extension, Bitcoin’s near-term trading tone.
Conclusion
Bitcoin traded lower after a rapid $4,000 drop and sat just under $93,000, while the broader market slid and total capitalization fell to about $3.23 trillion. Liquidations reached roughly $875 million in 24 hours, with Bitcoin at about $234 million, as longs absorbed most of the damage. Volatility measures stayed relatively contained, yet sentiment moved back to fear. ETF flows remained constructive on the week, with spot Bitcoin ETFs adding about $1.42 billion and cumulative inflows near $57.8 billion, while macro tariff headlines kept risk conditions unstable.
Disclaimer
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