Geopolitical and macroeconomic pressures have triggered steep declines across metals and cryptocurrencies, causing billions in liquidations as Bitcoin, ETH, and Solana slump sharply.
On Jan. 31, Bitcoin dropped 7.6% to $75,700, falling below $78,000. Ethereum plunged 12.28% under $2,400, and Solana tumbled 13.74% below $100. Precious metals also suffered major losses, with gold sinking 15.7% and silver plunging 37%. These moves triggered $2.522 billion in liquidations, mostly of long positions, as heightened geopolitical and macroeconomic risks spurred a broad sell-off across risk assets.