CoinGlass data shows total liquidations hit $804 million over the past 24 hours. Long positions bore the brunt of the move, as the drop pushed total liquidations over the past 24 hours above $800 million. The broader market sell-off dragged Ethereum to around $2,800, XRP to $1.79, and Solana below $120. Crypto investor Ted wrote on X that the latest drop has left Bitcoin trading near a critical technical level. pic.twitter.com/QBbW294Rc0 — Ted (@TedPillows) January 29, 2026The Bitcoin sell-off unfolded amid a broader shift to risk aversion across global markets.