- Bitcoin, Ethereum, and Solana fell as long-side liquidations dominated recent trading.
- Liquidations suggest dip buyers were squeezed: major long liquidations outpaced shorts across top tokens.
- The markup for the CLARITY Act was pushed to late January, adding policy uncertainty to markets.
- Traders are watching U.S. CPI on Jan. 13 and a Supreme Court tariff ruling on Jan. 14 for near-term impact.
- Total crypto liquidations over the past 24 hours reached about $204.9 million.
Over the past 24 hours, traders reduced exposure across major crypto tokens as market participants repriced risk ahead of Washington events. Price moves and liquidation flows reflected a dominance of long-side liquidations, according to Coinglass data.
Bitcoin traded near $91,232, down about 0.9% in 24 hours. Liquidations skewed long: roughly $38.3 million in longs were liquidated versus $19.5 million in shorts, for a total near $57.8 million. Retail sentiment on Stocktwits moved from “bullish” to “neutral,” while chatter stayed at normal levels.
Ethereum changed hands around $3,109, down about 1.3%, with approximately $30.2 million in long liquidations and $9.2 million in shorts, totaling about $39.4 million. Stocktwits sentiment for Ethereum dropped toward “extremely bearish” amid low chatter.
Policy timing added to market caution after journalist Eleanor Terrett flagged that the markup for the CLARITY Act moved to late January; Senator John Boozman said “more time [is] needed to maintain bipartisan support.” Market voices also noted near-term macro events, with Ash Crypto saying U.S. CPI on Jan. 13 and a Jan. 14 Supreme Court tariff ruling could affect prices.
Among altcoins, Solana was near $138, down ~3.2%, with about $11.3 million in total liquidations led by roughly $9.1 million in longs. Dogecoin traded around $0.1368, down ~3.2%, with ~$3.7 million liquidated. Cardano fell about 3.5% to $0.3862 with ~$1.2 million liquidated. XRP traded near $2.05, down 2.1%, with about $5.0 million in liquidations; wealth manager Jake Claver said on X “XRP is repriced because of a crisis that happens before the Clarity Act is passed.” Binance Coin held near $903, down 0.3% with muted liquidations.
Total reported crypto liquidations over the 24-hour window were roughly $204.9 million.
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