- Ethereum led 24-hour gains as short liquidations pushed prices higher amid heavy leverage.
- Bitcoin traded near $92,930 with short-covering driving most of $145 million in liquidations and ETFs showing net outflows after early inflows.
- XRP and Solana saw mixed flows: XRP had large long-side liquidations while Solana faced notable short liquidations despite ETF interest.
- Retail sentiment on the social platform stayed bullish for several tokens, though chatter and sentiment shifted for some assets.
- Macro forecasts of labor market cooling raised expectations for easier Fed policy and a weaker dollar, which analysts say could support risk assets including crypto.
Markets moved on Tuesday night as leverage-driven liquidations and macro signals shaped crypto action. Major tokens mostly finished in the green as short-covering lifted prices and analysts cited a cooling U.S. labor market that could ease monetary policy over the next 12–24 months.
Ethereum rose about 1.6% to $3,269 as liquidations topped roughly $97 million, led by shorts, suggesting momentum came from leverage rather than fresh spot buying, according to Coinglass data. Retail sentiment on the social platform stayed in ‘bullish’ territory with high chatter.
Bitcoin traded near $92,930, down about 0.7% on the day, while total liquidations were near $145 million and skewed toward short covering. ETF flow data showed about a $471.9 million outflow on Tuesday after roughly $1.2 billion of net inflows in the first two days of 2026. Retail sentiment remained ‘extremely bullish’ with high chatter.
XRP changed hands around $2.27 with about $3.9 million in short-side and $22.7 million in long-side liquidations over 24 hours. Solana traded near $139.8 with roughly $35.9 million in total liquidations; a filing by Morgan Stanley to launch Bitcoin and Solana ETFs attracted attention even as retail sentiment moved toward bearish for Solana.
Binance Coin held near $911 with about $1.9 million in liquidations, indicating more spot-driven flows. Dogecoin and Cardano saw lighter liquidations, about $11.5 million and $3.1 million respectively, while retail sentiment remained highly bullish for both tokens.
On the macro side, JPMorgan.com/insights/global-research/outlook/labor-market-forecast-2026?”>JP Morgan forecast weaker labor growth and higher unemployment, and analysts at Bitunix said the structural cooling trend raises odds of a steeper Fed easing path, which could weigh on the dollar and favor risk assets like crypto.
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