Bitcoin fell to a nine-month low of $82,134, down 7.4% in 24 hours, amid a broad market selloff driven by geopolitical tensions and U.S. policy uncertainty.
The price drop triggered $1.7 billion in crypto liquidations, with over 90% from long positions, highlighting over-leveraged trading risks.
U.S. spot Bitcoin and Ether ETFs saw combined outflows nearing $1 billion in a single day, marking one of the worst sessions of 2026.
Bitcoin (BTC) extended its decline on January 29, 2026, slipping to $82,134—a level not seen in nine months—as macroeconomic headwinds and geopolitical developments fueled a risk-off sentiment across global markets.
The drop wiped out 7.4% of its value in just 24 hours, pushing the total crypto market capitalization down by 6.7% and resulting in $1.68 billion in liquidated positions, predominantly longs.
The cascade of liquidations, totaling over $1.7 billion across exchanges, underscores the dangers of leveraged trading in volatile conditions.
Bitcoin Plunges to $81K Bitcoin dropped to a nine-month low amid geopolitical tensions and tech selloffs, triggering $1.7 billion in liquidations.
— Cryptopress (@CryptoPress_ok) January 30, 2026
Analysts note that thin liquidity amplified the move, with sell-side pressure overwhelming buy orders. Ethereum (ETH) also suffered, dropping similarly amid the broader rout.
U.S.-listed spot Bitcoin and Ether ETFs faced heavy redemptions, with outflows reaching $817.9 million for Bitcoin products and $155.6 million for Ether, combining for nearly $1 billion in a single day—the worst since November 2025. BlackRock’s IBIT and Grayscale’s GBTC led the exits, reflecting institutional caution amid rising volatility and macro uncertainty. This extends a streak of negative flows, with Bitcoin ETFs shedding $1.33 billion over the prior week.
In a counter move, Binance announced it will convert its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins to Bitcoin over the next 30 days, framing it as a long-term bet on the asset’s resilience.
An open letter to the crypto community During periods of market volatility and pressure, the impact felt across the industry is naturally also felt by Binance.As a global industry leader, we hold ourselves to elevated standards and continually improve based on feedback from… pic.twitter.com/HvWEQYjuKZ
— Binance (@binance) January 30, 2026
The exchange committed to monitoring the fund and replenishing it if Bitcoin’s price fluctuations drop its value below $800 million. “This shift supports our vision for industry growth,” a Binance spokesperson stated. However, critics warn that exposing user protection to Bitcoin’s volatility could introduce new risks if prices fall further.
Market watchers attribute the downturn to a mix of factors, including speculation around U.S. President Trump’s potential nomination of inflation hawk Kevin Warsh as Fed Chair, escalating U.S.-Iran tensions, and a strengthening U.S. dollar pressuring risk assets.While some see this as a healthy correction after recent gains, others caution of potential further downside if key supports like $80,000 break. Balanced views suggest consolidation could reset over-leveraged positions, paving the way for recovery if inflows resume.
For context, see related coverage on market volatility at https://cryptopress.site/crypto-weekly-snapshot-key-news-shaking-crypto.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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