Crypto Market Faces Pressure with $550M in Long Liquidations

2026-01-26 16:57

The cryptocurrency market experienced narrow fluctuations over the weekend, with significant pressure during the early Asian trading hours. Leveraged long positions saw liquidations exceeding $550 million. Bitcoin briefly tested the $86,000 mark before finding support, while Ethereum fell to the $2,785 region. Traditional safe-haven assets like gold and silver continued to rise amid macroeconomic concerns. These include comments from Trump about a 100% tariff on Canadian imports, the risk of a partial U.S. government shutdown, and uncertainty over potential yen intervention.

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