The crypto market stays in drawdown mode. Total market cap sits around $2.19T with a roughly 3% decline over the last 24 hours. Volume rises while price falls, which often signals forced positioning and reactive hedging. BTC dominance stays elevated near 57.7% with ETH around 10.1%, so most beta sits outside majors and tends to get sold first when liquidity thins.
Sentiment remains deeply risk-off. The Fear and Greed reading sits at 11/100 on CoinMarketCap’s indicator panel, still in “extreme fear” territory for most traders.
Bitcoin trades around $63,272 after slipping roughly 3.7% over 24 hours. That move matters because it keeps BTC under the round-number $64K zone, where short-term bids often cluster.
Ethereum trades near $1,830, down about 2.8% on the day. In a selloff, ETH typically behaves like “high beta BTC” because it is a core hedge and collateral asset across derivatives and DeFi.
XRP trades near $1.33 (about -2.7% 24h), BNB near $590 (about -1.2% 24h), and SOL around $76.9 (about -2.5% 24h). When majors slide together, it usually points to broad risk reduction rather than a single-token narrative.
The fifth-largest alt by market cap, excluding stables, is TRON. TRX trades near $0.281, down about 2.2% in 24 hours. TRX can sometimes resist drawdowns when on-chain activity stays sticky, but it still struggles when global liquidity tightens.
CoinMarketCap’s 24-hour Top 100 leaderboard highlights where the market is still willing to take idiosyncratic risk and where it is exiting hardest.
Top Gainers (24h)
| Rank | Asset | Price | 24h Move |
|---|---|---|---|
| 1 | PIPPIN | $0.7541 | +8.68% |
| 2 | DCR | $27.36 | +5.52% |
| 3 | JST | $0.04523 | +2.83% |
| 4 | SKY | $0.06337 | +2.77% |
| 5 | PI | $0.1617 | +2.39% |
Top Losers (24h)
| Rank | Asset | Price | 24h Move |
|---|---|---|---|
| 1 | KITE | $0.2288 | -14.93% |
| 2 | BCH | $485.63 | -10.19% |
| 3 | WLFI | $0.1068 | -7.09% |
| 4 | PUMP | $0.001771 | -6.32% |
| 5 | ATOM | $2.06 | -6.31% |
Even inside a down tape, a few names can still grind higher. That usually reflects rotation into smaller narratives, short covering, or temporary liquidity pockets, not a broad risk-on shift.
Two things matter most in fast drawdowns: how much “dry powder” exists and whether positioning is levered. Stablecoins remain a key proxy for marginal buying power. CoinGecko tracks stablecoins at roughly $311B market cap with about 13.76% dominance in the overall crypto market.
USDT supply has also drifted lower this month. CoinMarketCap’s historical snapshot for Feb. 2, 2026 shows USDT market cap near $185.19B. The current Top 100 board shows USDT market cap around $183.57B, implying a contraction of about $1.62B since early February. A shrinking base does not force selling by itself, but it often weakens dip-bid depth during volatility.
Exchange flow composition also looks whale-skewed. A KuCoin flash item aggregates on-chain metrics showing an exchange whale ratio around 0.64, meaning roughly 64% of BTC inflows come from the top deposit addresses, with average single deposits around 1.58 BTC. The same item notes daily net USDT inflows into exchanges falling from about $616M in November 2025 to roughly $27M recently, a setup that can leave markets more vulnerable to cascades when whales dominate deposit flow.
Leverage flushes add fuel. A $61.5M BTC long liquidation hit during the slide, with total liquidations cited near $468M over the past 24 hours. When large positions unwind into thin liquidity, price can overshoot quickly, then chop as the market re-anchors to a new range.
The next 24 hours likely hinge on whether stablecoin liquidity stabilizes and whether exchange inflows shift away from large-depositor dominance. If net stablecoin inflows remain muted and whale-heavy deposits persist, bounces can stay shallow and volatility can stay elevated. If liquidation intensity fades and stablecoin netflows improve, the market often shifts from cascade risk into a slower, range-bound grind that rewards patience over leverage.
The post Crypto Market Snapshot: Bitcoin Slips Below $64K as Liquidity Signals Soften appeared first on Crypto Adventure.
