š CRYPTO 24H UPDATE ā JANUARY 30
Volatility, Liquidity Stress & Power Shifts
The past 24 hours delivered a harsh reminder: crypto is still a high-beta macro asset, not a safe haven. Extreme volatility swept across markets as gold surged, Bitcoin cracked key levels, and leverage was violently flushed out.
Bitcoin briefly lost the $81,000 level, triggering a chain reaction across derivatives markets. Total liquidations across crypto exceeded $1.75 billion in 24 hours, a clear sign that excessive leverage had built up and was finally forced to unwind. This was not retail panic ā it was mechanical selling driven by margin calls and risk engines.
At the same time, gold spiked aggressively, absorbing capital fleeing risk assets. This divergence matters. When gold rallies while crypto bleeds, it usually signals macro fear, policy uncertainty, and tightening liquidity expectations.
All eyes now turn to the United States.
President Donald Trump is expected to announce the next Federal Reserve Chair tonight (VN time). Prediction markets overwhelmingly favor Kevin Warsh (~94%), a figure associated with stricter monetary discipline. Markets are not waiting for policy changes ā they are front-running ideology. A hawkish shift at the Fed means tighter liquidity, and crypto feels that pressure first.
Another key catalyst arrives at 20:30 VN time with the release of U.S. PPI data (December).
ā PPI YoY forecast: 2.9%
ā Core PPI YoY: 3.0%
Any upside surprise could further reinforce risk-off sentiment.
ETF flows confirm the stress:
ā BTC Spot ETFs: ~ā$500M
ā ETH Spot ETFs: ~ā$100.8M
ā SOL ETFs: ~ā$2.2M
Capital is quietly exiting passive crypto exposure.
On the regulatory front, the U.S. Senate Agriculture Committee narrowly passed a crypto market-structure bill (12ā11), while the new CFTC leadership rolled back a Biden-era proposal to ban prediction markets ā early signs of a regulatory reset, but far from clarity.
