Today, the overall TOP 1 liquidation in a single trade set a new record, with the "Air Force Commander" of liquidations facing a $40 million double liquidation.
**Bitcoin Whale (0xd83) Faces $31.6M Liquidation Amid BTC Dip Below $88k**
January 29 — Per Coinbob Popular Address Monitoring and Coinglass data, Bitcoin (BTC) briefly slipped below $88,000 early Wednesday, shedding ~2.8% from its intraday high.
On the Hyperliquid exchange, the whale address **0xd83** (dubbed the "Air Force Commander") faced multiple liquidations — with its largest single wipeout totaling ~$31.64 million, marking the biggest liquidation across all networks in the past 24 hours.
In the last two hours alone, the address was liquidated on **89.7 BTC and 359 BTC long positions**, totaling ~$39.4 million. Its 40x-leveraged BTC long position has now been fully liquidated, leaving just ~$350,000 in remaining account balance.
Earlier today (pre-dawn), the same address saw a $22.37 million liquidation on 252 BTC long positions — which was then the network’s largest single liquidation before Wednesday’s $31.6M wipeout.
Post-liquidation, the whale used its remaini
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Peter Brandt referred to the precious metals move as the "single greatest market anomaly of my career," suggesting market risk
On January 29, renowned trader and chart analyst Peter Brandt—who accurately called the 2018 Bitcoin crash—posted:
“I have no clue where precious metals prices are headed. This is easily one of the biggest market moves of my career, and while I caught a piece of it (having been long and bullish on silver since mid-2024), I didn’t nail it entirely.”
Brandt also cited his mentor Dan Morehead’s words, hinting at an underlying risk in the precious metals space:
“This move is too extreme, and the market won’t let this kind of extreme persist for long.”
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Analysis: Bitcoin Unrealized Supply Distribution Slope Increase May Signal Early Bear Market
On January 29, CryptoQuant analyst Woominkyu noted Bitcoin’s “Supply in Loss (%)” metric is starting to climb again.
Historical data shows this shift signals the early stages of a bear market: losses are now spreading beyond short-term holders to gradually impact long-term participants.
In prior cycles (2014, 2018, 2022), the metric began rising before markets bottomed, while prices continued to weaken. A true bottom only formed after “Supply in Loss (%)” expanded significantly.
Currently, the metric remains well below historical surrender levels—but the directional shift itself is notable. This suggests the market may be transitioning to a bear market structure, not just a temporary pullback in a bull trend.
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Sei Releases Season 3 Airdrop Eligibility Guide
On January 29, Sei published its Third Season Airdrop Eligibility Guide, noting that airdrop eligibility typically hinges on user activity including asset swaps, lending, liquidity provision, NFT transactions, cross-chain activities, asset holdings at the snapshot time, and participation in governance voting.
The guide advises users to engage consistently with various apps, maintain a healthy wallet interaction history, and follow official channels to stay eligible. Users are also reminded to prioritize security—only verify airdrop claim links via official channels, never share mnemonic phrases, and be wary of scams that demand prepaid fees to "unlock" airdrops.
In the prior Second Season, roughly 34.43 million SEI tokens were distributed to 44,445 addresses, with a portion of the initial token supply set aside for future community rewards and airdrop plans.
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Fundamental Uplift First, Whale Accumulation Intensification Adds Bullish Stimulus, Propelling HYPE Up 50% in One Week
**Hyperliquid’s HYPE Token Rallies 50% Weekly Amid Fundamental Gains, Whale Accumulation**
On January 29, Hyperliquid— the flagship on-chain perpetual futures (Perp) DEX project—saw its native token HYPE stage a sustained rebound over the past week. After dipping below $21 to find a floor, HYPE surged steadily, peaking above $34. The token’s weekly gain topped 50%, while its fully diluted valuation (FDV) again exceeded $30 billion, currently standing at $30.19 billion.
Against a backdrop of cooling crypto market sentiment, HYPE’s standout performance is driven by three key factors:
### 1. Significant Fundamental Improvements
Fueled by the ongoing bull run in U.S. equities and precious metals, Hyperliquid and its Perp DEX ecosystem have posted consistent growth in trading activity. Over the past 24 hours, gold and silver contracts on Hyperliquid ranked among the platform’s top 10 by trading volume. On January 26, open interest on Hyperliquid alone nearly matched the combined
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glassnode: Bitcoin's short-term support is at $83.4k, spot and ETF demand recovery is key to stabilization
On January 29, Glassnode released its weekly report noting that Bitcoin continues to consolidate around structurally critical on-chain levels, with a delicate balance between holder confidence and marginal demand. Short-term holders’ positions remain weak.
As shown in the chart below, the lower bound of the current compression range (–1 standard deviation) sits at $83,400—this is a recent key support level, and a break below it could trigger further price retracement toward the true market value near $80,700.
That said, the overall capital flow pattern has stabilized. ETF selling pressure has eased, and spot market positions are showing initial signs of improvement—particularly in offshore markets—indicating a reemergence of buyer interest. Meanwhile, the derivatives market remains restrained: neutral funding rates suggest low market leverage, minimizing price impact from speculative momentum.
Options positioning adjustments reinforce this cautious stance. Skew has turned bear
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