Trading

On Friday, silver sank 26% and gold slid 9% in one of the sharpest single-day metal selloffs after weeks of speculative buying from China had driven prices to record highs. The move accelerated when reports surfaced that Donald Trump planned to nominate Kevin Warsh as Federal Reserve chair, lifting the dollar and ending the momentum trade. Trading volumes in silver products surged, with the iShares Silver Trust alone recording more than $40 billion in turnover as options activity and algorithmic strategies amplified the reversal.

Prediction markets set a new all-time high in January, reaching $12B in total volume and generating over $11 million in on-chain fees. Opinion contributed $6.14 million and Polymarket $2.62 million, while Coinbase launched a U.S. event-based trading platform in partnership with Kalshi.

As of Sunday, Truflation reported cooling price pressures, with its US CPI at 0.86% year over year and core PCE at 1.38%. Those readings contrast with government figures of 2.7% CPI in December and 2.8% core PCE in November, a backdrop that could affect expectations for Federal Reserve policy and risk assets, including cryptocurrencies.

Bitcoin stayed below $80,000 after a drop of more than 6%, and traders on X highlighted $74,400 and $49,180 as downside liquidity. Rekt Capital noted a 21–50 week EMA crossover last seen in April 2022, with BTC down 17% from $90,000 to $78,000, while a CME futures gap near $84,000 may pull price short term.

According to posts on X by a woman identifying herself as Ten Ten, she says she previously dated Justin Sun and alleges coordinated TRX manipulation using multiple Binance accounts, with aggressive cash-outs at the end of 2017 and the beginning of 2018. She says she has WeChat records, is willing to work with the SEC, and publicly urged President Trump to distance himself.

On January 31, 2026, crypto liquidations exceeded $2.5 billion over 24 hours, placing the sell-off among the top 10 events on record. Analysts attributed the weekend drop to shallow liquidity and high leverage rather than policy moves or tensions around Iran, noting three waves that wiped about $1.3 billion within 12 hours.

Bitcoin slid to roughly $78,000 after cascading liquidations stripped $1.3 billion from leveraged positions within 12 hours. Bull Theory said the turbulence was part of a $12 trillion cross-asset drawdown that also dragged metals and U.S. equities lower.

On February 1, 2026, Bitcoin dropped below $80,000 amid accelerating derivatives liquidations. According to market data, more than $500 million in long positions were wiped out within an hour and nearly $3.5 billion over three days, while reports indicate a well-known early holder lost over $120 million during yesterday’s sell-off.

On the first trading day of February, XRP's monthly close below its mid-Bollinger Band raises the risk of a drawdown toward $0.37, implying roughly 77% downside from the current level. At the same time, an early-Bitcoin-era wallet moved 99,999 ETH worth $242.7 million to Binance, coinciding with an 8.5% Ethereum price drop to around $2,411. Cardano heads into February with a historical average return of 24.4%, positioning ADA as a potential outperformer while broader crypto markets remain cautious.

On January 31, 2026, Arkham said the "Hyperunit whale" had exited his entire Ethereum long, locking an estimated $250 million loss. On February 1, 2026, ETH hovered near $2,400 during a market sell-off, and Arkham noted only $53 remained in the trader's Hyperliquid account.