Odaily News According to Coinglass data, the entire network experienced liquidations totaling $777 million in the past hour, with long positions accounting for $766 million of that. In the last 24 hours, a total of 275,142 traders globally were liquidated, with the total liquidation amount reaching $1.743 billion. The largest single liquidation order occurred on the BTC-USDT trading pair on HTX, valued at $80.5799 million.
Odaily News On Thursday, Bitcoin's price plummeted to its lowest point since last November, triggering a significant sell-off in the cryptocurrency market. This decline was initially sparked by sharp drops in gold and stocks during the early US trading session. However, despite substantial rebounds in those markets from their lows, cryptocurrencies failed to stage a similar recovery, highlighting the sector's relative weakness.
Matt Mena, a cryptocurrency research strategist at 21Shares, emphasized that it is crucial for Bitcoin to hold the $84,000 support level. He pointed out that if this support fails to hold, the next target would be the $80,000 level where market buyers entered last November. A break below that level could see Bitcoin fall to the $75,000 low touched during the April 2025 tariff turmoil.
John Glover, Chief Investment Officer at Bitcoin lending platform Ledn, views today's selling pressure as part of Bitcoin's broader correction since hitting its all-time high in October. This downward move could ultimately push Bitcoin's price down to $71,000, representing a 43% drop from the $126,000 peak seen in early October.
Russell Thompson, Chief Investment Officer at Hilbert Group, added, "All technical support levels have been breached. I believe Bitcoin currently lacks support, and its price could potentially fall to $70,000."
Odaily News Trump stated on social media that, given Canada's erroneous, illegal, and persistent refusal to certify Gulfstream jets, the certification for Bombardier Global Express aircraft and all Canadian-made aircraft is hereby revoked until Gulfstream receives full certification, which should have been completed years ago. Furthermore, Canada effectively prohibits the sale of Gulfstream products in Canada through the same certification process. If the relevant issues are not corrected immediately, I will impose a 50% tariff on all Canadian aircraft exported to the United States. (Jin10)
According to CCTV News, Iran has issued a notice via VHF radio to passing ships on January 29 local time, announcing that it will conduct military exercises in the Strait of Hormuz from February 1 to 2. The exercises will include live-fire shooting. It is reported that these exercises may affect shipping activities passing through the Strait of Hormuz. Currently, Iranian officials have not yet publicly disclosed the specific scale and arrangements of the exercises. (Cailian Press)
Odaily News On January 29 local time, Iran's First Vice President Arif, when discussing the regional situation, stated that the current administration has maintained a state of combat readiness since taking office. Iran will not initiate war, but once war is provoked, it will defend itself with a firm stance, and "the outcome of the war will not be decided by the enemy." Arif emphasized that it is currently necessary to prepare for a state of war. Iran adheres to the principle of not being the first to start a war, but if invaded, it will resolutely counterattack and ensure that the course of the war is not dictated by the enemy. He pointed out that Iran advocates dialogue and rationality, but if conflict erupts, its outcome will no longer be controlled by the opponent. (CCTV News)
Odaily According to data from msx.com, during U.S. stock market trading, the three major indices collectively trended lower, with the Dow Jones down 0.38%, the S&P 500 down 0.94%, and the Nasdaq down 1.81%. The crypto sector's decline further widened, with Bitmine down 8.57%, Strategy (MSTR) down 7.86%, Circle down 7.66%, Solana down 6.54%, SharpLink down 5.82%, and Coinbase down 5.24%.
It is reported that msx.com is a decentralized RWA trading platform that has cumulatively listed hundreds of RWA tokens, covering U.S. stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
