Jan 29, 2026

Bitcoin Holds Steady at 5% Loss While Gold, Silver Plunge Amid $300M Liquidation Wave

TLDR: Bitcoin’s 5% correction outperformed gold’s 8% and silver’s 12% drops during the Microsoft-triggered sell-off. Hyperliquid recorded $87.1M in liquidations, nearly three times Binance’s $30M despite lower trading volumes. Binance open interest reached 123,500 BTC, surpassing pre-October levels and marking 31% growth since the crash. Leveraged trading appetite persists as traders rebuild positions despite $300M [...]

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Source: Blockonomi →