BlockBeats news: On Monday, January 19, during the early Asian session, the cryptocurrency market suddenly experienced a broad pullback. After Bitcoin surged to $97,000 last week, it quickly retreated, briefly dropping below $92,000 during the session. Ethereum fell below $3,200, and Solana dropped below the $140 level. According to Coinglass data, approximately $593 million in liquidations occurred across the entire network in the past four hours, with nearly 90% of the losses coming from long positions, indicating significant pressure on market sentiment.
The analysis suggests that the recent "Black Monday" was once again triggered by uncertainties related to Trump. On one hand, expectations are rising that the new Federal Reserve chair will shift from a "dovish" to a "hawkish" stance. On the other hand, the dispute over Greenland and the resurfacing of U.S.-Europe tariff tensions, combined with the stalled progress of the crypto-friendly bill CLARITY in the Senate, have rapidly cooled short-term risk appetite.
Biyapay analysts pointed out that the current situation appears more like an emotional pullback triggered by profit-taking at high levels, rather than a trend reversal. In a high-volatility environment, investors can use Biyapay to flexibly participate in US stocks, Hong Kong stocks, options, and cryptocurrency trading with USDT, dynamically adjusting positions across different assets to cope with the impact of policy changes and macroeconomic uncertainties.