🔥1.21 ETH drops 7.2% in a single day! US stocks linked + liquidity tightening, is it a bottom or a safe haven?

#以太坊ETF批准预期 #ETH

Attention! 2026.1.21 (Yisi Year, Jichou Month, Yuwei Day) clashes with the north, ETH follows global risk assets to plunge collectively. Don't blindly buy the dip in the face of a sharp decline 👇

📊 Confirmed sharp decline data
ETH current price is $2939, down 7.2% in 24 hours, breaking the key $3000 level! 24-hour trading volume is $7.53 billion, total liquidation across the network in 24 hours exceeds $790 million, with ETH liquidations around $480 million, nearly 180,000 longs liquidated!
Core reasons for the sharp decline: ① US stock market collapse, Nasdaq down 2.39% on January 20 (the largest single-day drop in 2026), with a significant crypto market follow-through effect; ② macro liquidity tightening, Fed rate cut expectations delayed, USD liquidity contraction suppresses risk assets; ③ Trump tariff storm escalation, tariffs imposed on 8 countries, triggering global trade tensions, market risk aversion heats up.
On-chain signals: Although ETH staking volume remains high at 2.596 million (a new high since July 2023), short-term selling pressure has surged, ETH inflow to exchanges doubled in 24 hours, clear signs of whale exits!

Value reminder
ETH's technical fundamentals remain unchanged: blockchain's three major challenges have been overcome, stablecoin annual trading volume exceeds $8 trillion, but short-term sentiment and liquidity dominate! The current MVRV ratio has fallen to around 1.3, close to undervalued levels, but panic sentiment persists. Bottom fishing requires extreme caution!
Zodiac compatibility: Tigers, horses, and dogs can hold a small position and observe; rats should avoid pitfalls today by clashing with the zodiac!