Crypto Market Drops $90B as 176K Traders Face $929M Liquidations

The cryptocurrency market is experiencing significant pressure, resulting in a notable selloff despite whale accumulation efforts.

Global crypto market capitalization decreased by approximately $90 billion, from $3.11 trillion to $3.02 trillion over the past 24 hours.
Bitcoin exchange-traded funds in the US saw a net outflow of $483.4 million, with Grayscale leading the selloff at $160.8 million.
Market sentiment declined from neutral (54) to fear (32).
Key cryptocurrencies experienced price declines:
- BTC dropped 2.2%, currently priced at $89,100.
- ETH fell 4.9% to $2,960.
The CMC 20 Index, tracking the top 20 cryptocurrencies, decreased by 2.8%.

Impact and Reactions

$929 million in liquidations occurred within 24 hours, with $820 million in longs and $109 million in shorts.
176,000 traders were liquidated; the largest position was $13.5 million in the BTC/USDT pair on Bitget.
Market selloff increased after President Trump's tariff threats against the EU.
Bitcoin treasury company Strategy acquired 22,305 BTC for $2.13 billion, marking its largest purchase.
Addresses holding between 10 to 10,000 BTC accumulated 36,322 coins from Jan. 11-20, while smaller wallets sold 132 BTC.

This situation reflects small investor panic contrasted with continued whale accumulation amidst market challenges.