【Market Indicator】Market Snapshot at 4:00 AM on January 16, 2026

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**Top Gainers List**

In the past 4 hours, small-cap coins have collectively surged, with leading gainers performing notably.

BDXN was the first to break through, rising from $0.02463 to $0.02718, a 10.35% increase. Although contract volume was relatively weak (0.24x), the long-short ratio reached 1.55, indicating a clear bullish advantage.

RIVER followed closely, with an 8.65% increase, jumping from $21.99 to $23.9. Interestingly, in this rally, the bears had the upper hand (long-short ratio 0.70), suggesting profit-taking by short sellers.

PTB also drew attention—up 7.88%, with contract volume reaching a high of 3.37x, and the buy pressure index at 1.31x, showing strong bullish enthusiasm.

BTR appeared on the list for two consecutive periods, with a 6.83% increase, even signaling "possible major market move" according to market notes. Price rose from $0.04671 to $0.0499, with a long-short ratio of 1.26 indicating dominance by bulls.

GUA ranked at the bottom of the list, but its 6.79% gain is not to be underestimated. Contract trading volume was extremely active (8.98x), a typical sign of intense market sentiment swings.

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**Top Losers List**

On the other side, risk assets are also accelerating their pressure release.

POWER experienced the sharpest decline, dropping 13.80% from $0.1707 to $0.1471. The order book showed an extreme buy pressure imbalance at 1.67x, with bears clearly in control.

FOGO followed closely, down 13.41%, with spot volume and contract volume both weak (0.44x and 0.28x respectively). This "decline in both price and volume" pattern usually indicates a bearish trend.

SENT fell 12.93%, but notably, its contract volume reached 25.13x—extreme trading density often accompanies intense market divergence.

IO and CYS declined by 9.78% and 9.40%, respectively, with spot buy pressure indices as low as 0.04x (IO), indicating a rapid sell-off.

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**Market Analysis**

This market shows typical "polarization" characteristics: small-cap coins are being hyped alternately, while risk assets are accelerating their correction. The long-short ratio data clearly favor bulls on the gainers list, yet the losers list still features bears in control—indicating the market is reallocating positions and risk appetite is rapidly shifting.

The extreme fluctuations in contract volume and order book data (from 0.24x to 25.13x) reflect traders' decisiveness during this period. Cautious traders should focus on assets with relatively moderate volume but stable long-short ratios.