Ether fell 28% in a week to $2,110 as risk-off sentiment in US markets and a drop in leveraged positions hit the asset. At the same time, ETH perpetual futures funding turned negative, spot ETFs saw $447 million in outflows over five days, and decentralized exchange volumes on Ethereum dropped 47%, signaling softer demand despite some viewing negative funding as a potential entry point.

According to Cointelegraph, Bitcoin slid to $74,680 on Monday after about $1.8 billion in long liquidations since Thursday, yet multiple signals point to support holding near $75,000 into 2026. Derivatives premia sit around 3% with open interest at $40 billion, while spot ETFs logged $3.2 billion of outflows—less than 3% of AUM. Macro indicators and corporate balance-sheet details further suggest limited forced selling.

Solana’s SOL token dropped to $100.30, its lowest level since April 2025, after a 30-day drawdown that aligned with broader altcoin weakness and macro risk-off moves in tech, AI and commodities. At the same time, Solana’s onchain activity and fee revenue have sharply outperformed rival networks, suggesting a widening gap between fundamentals and price. Derivatives data, ETF outflows and pressure on public firms holding SOL show traders have reduced leverage, leaving the token’s recovery dependent on an improvement in global economic and geopolitical sentiment.

Between Wednesday and Thursday, Bitcoin fell about 10%, retesting $81,000 for the first time in over two months. On Friday, the 2‑month options delta skew jumped to 17% and US‑listed spot BTC ETFs posted $2.7 billion in net outflows since Jan. 16, increasing the odds of a break under $80,000. Traders are reassessing leverage and key support.

On Thursday, Bitcoin fell to its lowest level in over two months near $84,000 as risk appetite waned after Microsoft shares dropped 11%. Despite a 26% drawdown over 90 days and $360 million in BTC futures liquidations, Bitfinex margin longs climbed to 83,933 BTC, the highest since November 2023. Arbitrage and funding dynamics suggest the jump in longs is not a straightforward bullish signal.

On Wednesday, Hyperliquid's HYPE token climbed 60% from $21.80 to $34.90, with more than $20 million in liquidations hitting bearish leveraged traders and a large staking unlock easing sell pressure. Institutional accumulation tied to Hyperliquid Strategies and a research report describing Hyperliquid as highly revenue efficient have fueled interest, even as onchain DEX metrics like fees and perpetual volumes show limited change and Binance still leads in BTC futures open interest.

On Jan. 30, $10.8 billion in Bitcoin options are set to expire, with positioning favoring bearish outcomes unless spot rises above $90,000. Deribit data show $6.6 billion in calls versus $4.2 billion in puts, while venue share stands at 78.7% for Deribit, 6.3% for OKX and 5% for CME. Scenario modeling indicates bears retain an edge below $90,000.

Ether fell 15.9% over the seven days ending Sunday, alongside $910 million in liquidations, yet network metrics point to stabilization. Layer-2 transaction counts and fees are up, and weekly DEX volumes across Ethereum's stack rose, with Solana still leading. Options data shows traders turning neutral after a spike in put volumes.

Bitcoin has traded below $91,000 since Tuesday while funding rates hover around 7%, implying traders are cautious about adding leveraged longs. Options flow around long straddles and iron condors and rising long-to-short ratios at Binance and OKX suggest whales expect an accumulation phase near $89,500. A sustained move toward $95,000 appears to hinge on institutional demand returning after $1.58 billion exited spot Bitcoin ETFs over the past two days.