The post BTC, SOL, ZEC SUI dip sharply appeared on BitcoinEthereumNews.com.

Crypto prices today fell sharply, with Bitcoin sliding below key support levels as heavy liquidations rippled across derivatives markets. Summary Bitcoin and major altcoins moved lower amid heavy liquidations. Derivatives data points to leverage being flushed from the market. Sentiment dropped into extreme fear as risk-off pressure built amid macro pressures. The total crypto market cap dropped about 5% to $2.9 trillion. Bitcoin fell 5.8% over the past 24 hours to trade at $88,887 at press time, while major altcoins moved lower in tandem. Solana slid 6% to $115, Zcash dropped 8% to $33.7, and Sui fell 4.2% to $1.30. Selling picked up sharply as prices fell. CoinGlass data showed more than $1.6 billion in positions were wiped out over the past 24 hours, a 384% increase, while total open interest slid 4.6% to $126 billion. These figures suggest that traders were cutting leverage rather than dumping spot holdings. Market momentum also weakened, with the average relative strength index dropping into the mid-30s. Sentiment followed price lower. The Crypto Fear & Greed Index fell 10 points to 16, placing the market deep in extreme fear. Macro pressure and leverage unwinds drive broad sell-off The pullback does not trace back to a single trigger. Rather, it shows a mix of shifting positioning and macro pressure. The first Federal Reserve first policy decision of 2026, which kept rates at 3.50%–3.75% but provided little assurance on short-term easing, shook the markets. Powell’s focus on persistent inflation and steady economic growth cooled expectations for further rate reductions. That pressure has spilled across markets. While capital has rotated to safe haven assets like gold and silver, crypto has traded in closer sync with equities, particularly technology stocks. At the same time, U.S.-listed spot exchange-traded funds have posted consecutive days of net outflows, removing a key…

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Filed under: News - @ January 30, 2026 5:29 am