January 9 Cryptocurrency Market Trends: Large-Scale Position Liquidation, Bitcoin and Ethereum Mixed Trading

Source: TokenPost Original Title: January 9th Commuting Podcast — Massive Cryptocurrency Liquidations… Bitcoin and Ethereum Mixed, Trump Proposes ‘100 Million BTC Reserve’ Original Link: On January 9, 2026, the cryptocurrency market showed a mixed trend, experiencing large-scale position liquidations.

Market Overview

Bitcoin decreased by 0.36% to $97,650, Ethereum fell by 1.25% to $3,104. Major altcoins showed varied performance, with Solana up by 1.36%, while XRP(-2.72%), Dogecoin(-3.12%), Cardano(-2.45%), and others recorded declines. The total market capitalization is approximately $3.10 trillion, with Bitcoin accounting for 58.46% and Ethereum for 12.08%.

Trading Data

24-hour cryptocurrency trading volume reached $113.3 billion, derivatives trading volume was $1.1306 trillion, down 8.86% week-over-week. DeFi trading volume was $14.129 billion(-1.98%), stablecoin trading volume was $112.333 billion(-2.51%), indicating an overall contraction in trading activity.

Position Liquidations

A total of $251.8 million in leveraged positions were liquidated during the same period, with 75.8% being short positions. Bitcoin liquidations amounted to $123.77 million, Ethereum to $91.23 million. Notably, major altcoins such as Zcash, Solana, and Dogecoin also experienced significant short position liquidations, with losses especially prominent among shorts.

Policy Developments

U.S. Senator Cynthia Lummis stated that the president supports establishing a “Strategic Bitcoin Reserve” plan, aiming to acquire 1 million BTC over the next five years as a national asset, as part of debt resolution and financial sovereignty strengthening strategies. Meanwhile, the U.S. Treasury Department indicated that this quarter’s tax refunds could bring a record-high number of refunds to millions of citizens, potentially boosting consumer spending.