Bitcoin (BTC) Latest Trends (2026.01.31)

Current price approximately $83,019, down 1.09% in 24 hours, a total decline of 5.38% so far in January, showing a weak sideways downward trend

• Peak of the phase: reached $97,922 on January 15, the recent high;

• Key volatility: sharp decline in late January due to global risk aversion sentiment and continuous net outflows from BTC spot ETF (weekly outflow of $1.137 billion), dropping to $81,000 at one point (largest 24h drop over 7%), currently holding the $83,000 level;

• Support/Resistance: key support at $83,000, strong support at $81,000, short-term resistance at $86,000, breaking support may lead to a dip into the $70,000 range.

Ethereum (ETH) Latest Trends (2026.01.31)

Current price approximately $2,720.65, down 2.67% in 24 hours, a total decline of 8.61% so far in January, weaker than Bitcoin with a larger correction

• Peak of the phase: reached $3,402.7 on January 15, followed by a correction;

• Key volatility: dragged down by BTC and internal fund outflows, dropped to $2,670 in late January (about 10% decline in 24h), market sentiment in the “fear zone”;

• Support/Resistance: key support at $2,700, strong support at $2,600, short-term resistance at $2,900, if stabilized, attempt to rebound to $3,000.

Recent decline core reasons (short-term dominant factors)

1. Macro risk aversion: US government shutdown risk (78% probability), geopolitical tensions, funds fleeing high-risk assets and shifting to gold;

2. Capital outflows: continuous net outflows from BTC spot ETF for several days, institutional profit-taking, stablecoin market cap reduced by $3.2 billion, market liquidity tightening;

3. Sentiment suppression: Crypto Fear & Greed Index dropped to 26 (fear zone), high leverage long positions prevalent, with further liquidation risk.

Short-term trend forecast

Likely to continue weak sideways oscillation in the short term, primarily watching macro sentiment and ETF capital flows: if BTC holds above $83,000 and ETH stabilizes at $2,700, or shows slight rebound; if capital continues to flow out, BTC may dip below $80,000, ETH tests support at $2,600.
Long-term outlook: Ethereum Fusaka upgrade, Bitcoin Layer 2 ecosystem advancement still have structural positives, but a macro liquidity easing (Federal Reserve rate cuts) is needed before a rebound can be expected.