Binance Trending Coin | 31 Jan 2026
On January 31, 2026, the Binance market is experiencing significant volatility and downward pressure across major assets, with Bitcoin (BTC) and Binance Coin (BNB) hitting multi-week lows.
Trending Coins & Market Performance _ The market has seen a sharp downturn, leading to over $1.53 billion in total futures liquidations over the last 24 hours.
Bitcoin (BTC): Dropped below the $77,000 mark, trading near $76,441 with a 7.94% decrease. Sentiment has hit a 2026 high for "fear" as prices trend toward the $80k support level.
Binance Coin (BNB): Experienced multiple support breaks, falling below $760 for a daily loss of over 10.27%.
Ethereum (ETH): Saw a massive 15.88% plunge in 24 hours, trading at approximately $2,277. High-leverage long positions, including notable traders like "Brother Machi," faced complete liquidation.
Solana (SOL): Trading around $115, down roughly 6.59% in the latest market update.
Top Gainers (Against the Trend) _ Despite the broader market slump, a few coins recorded minor gains or resisted the sharp decline:
NOT: Up 4.80% to $0.000504.
STX: Increased by 2.46% to $0.291.
STRK: Rose 2.29% to $0.0616.
JUP: Gained 1.82% to $0.207.
Key Market Drivers
Geopolitical Tension: Market analysts point to deepening U.S.-Iran tensions as a primary driver for the plunge toward $78,000 early in the day.
Liquidation Shock: Massive bullish bets totalling $850 million were liquidated for ETH, SOL, and DOGE alone, accelerating the downward spiral.
Mining Pressure: Bitcoin mining profitability has hit a 14-month low, with revenues plummeting to levels not seen since November 2024.
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