#MarketCorrection Bitcoin OG insider is deep in the red, sitting on over $110M in unrealized losses across $BTC , $ETH and $SOL after aggressive long positions.
Historic volatility across metals. In less than 24 hours, the sector erased roughly $7.4T in value.
Silver collapsed -32%, dropping toward $77 and wiping out nearly $2.4T in market cap. Gold followed with a -12.2% move, falling toward $4,708 and erasing close to $5T.
This was not organic selling. Forced unwinds, leverage flushes, and positioning resets dominated the move.
$TAO is in a clear 4H downtrend and just pressed into the 212 support area after another leg lower. The blue trendline remains the main ceiling, and price is still struggling to build a meaningful base, so any bounce is still a corrective move until proven otherwise.
As long as TAO holds 210–212, we can see a relief bounce toward 221–229 and 233–237. Losing 210 would likely extend the selloff toward 206 and then 200. Bulls need a reclaim above 233–237 to shift momentum away from this bearish structure.
$BTC Dominance is pressuring the rising support trendline, currently around 59.0–59.2%. This zone has been respected multiple times in recent months.
A daily close below this level would signal a structural shift, opening the door for relative strength rotation into altcoins. As long as dominance holds above support, BTC continues to absorb liquidity.
$BTC is still capped under the 4H downtrend line, and the latest push up got rejected again. Price is hovering around the 88K area, which is acting as the near-term pivot after the bounce off the mid-86K lows.
As long as BTC holds 87.4K–88.0K, a rebound toward 89.0K and 89.8K–90.6K is still in play, with the downtrend line as the main ceiling. Losing 87.4K would weaken the structure again and opens 86.6K, then 85.9K on a deeper flush.
$WLD played out exactly as expected. Price reacted from our previously marked support zone and expanded aggressively, jumping over 30%, hitting six targets and surpassing our final objective.
A textbook example of how high-confluence levels continue to work, even during strong news-driven moves.
$XAU price dropped from the recent highs around $5,600 into the $5,130–$5,150 area, a pullback of roughly 8% in less than a day.
This move reflects heavy profit taking after an extended rally, and current price action will be key to determine whether this is a healthy reset or the start of a deeper retracement.
REMEMBER THE HISTORIC CRUSH THAT HAPPENED LAST YEAR ON 11th
Odds of a US attack have jumped in the past few days, which is one of the main reasons gold and silver prices have soared to record highs this year.
Contrary to popular belief, Bitcoin is no longer a safe-haven asset as it always drops whenever risks emerge. For example, the Bitcoin price dropped sharply when Trump threatened to take Greenland. It also fell after he warned of imposing tariffs on key NATO allies such as Germany, France, and the UK.
Additionally, the Bitcoin price crashed on October 10 after Trump warned of tariffs on Chinese goods. That crash triggered a $20 billion liquidation in the crypto industry.
A crypto market crash is happening today, January 29, with Bitcoin and most altcoins erasing most of the gains they made on Wednesday. $BTC price dropped to $84,500 from this week’s high of over $90,000.