A short-lived Trump family token frenzy has left hopeful investors with steep losses.Official memecoins of U.S. President Donald Trump and First Lady Melania are down as much as 60% in the past 24 hours amid heavy profit-taking after Monday’s inauguration. Futures tracking the two tokens have fared similarly bad for traders — with liquidation losses at nearly $70 million for those betting on higher prices.These are not thinly-traded tokens where prices are easy to shift, either. Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.Major tokens, such as Tron's TRX and Cardano’s ADA did under $4 billion in volumes in the same period, indicative of the high interest in the Trump family-themed tokens.Overall buying volumes are stalling in line with prices on trading application Moonshot, which was among the first to offer TRUMP to retail traders. A Dune dashboard created by @Seoulcalibur.eth shows volumes have dropped from an average above $6 million on Jan.18 to Jan.19, to just over $1 million in the past 24 hours.Crypto markets expected Trump to mention the asset class in his inaugural speech — such as plans of a promised strategic bitcoin reserve — but the lack of relevant words saw BTC fall from a Monday high above $109,000 to just over $101,000 in Asian morning hours Monday.Traders remain optimistic about a pro-crypto policy in the near term, however, with a focus on Solana’s SOL tokens.“Launching $TRUMP on SOL proves to be a significant endorsement of the chain, making it plausible that the SOL ETF could gain approval much earlier than expected,” Singapore-based QCP Capital said in a Tuesday broadcast. “With increased media exposure from similar launches, retail inflows will likely come streaming in.”“The launch of Trump's memecoin appeals not only to the retail memecoin moonshot masses, but also to major institutions as it solidifies the president's pro-crypto stance. Institutional investors are on the edge of their seats, awaiting concrete pro-crypto policies that could significantly influence the future of the economy,” the firm added.
This morning, BTC experienced a sharp drop in price due to the impact of Trump's inauguration. According to statistics, a total of $517 million in positions have been liquidated in the contract market in the past 24 hours, with the largest single liquidation amount reaching $12.54 million, which is a BTC multiple. According to the data from the liquidation chart, the concentrated price of BTC contract liquidation is $100700, and the liquidation period is from 01:05 to 01:40, which is during Trump's inauguration ceremony and speech. According to the usage of the liquidation chart, during a downtrend, after multiple concentrated liquidation, there is a high probability of a rebound. As of the time of writing, BTC prices have rebounded and fluctuated above the concentrated price of explosive positions. AiCoin editor's note: Custom indicators can be used to monitor the situation of BTC, ETH and other contract currency pairs bursting, seizing opportunities for reversal: https://www.aicoin.com/link/script-share/details?shareHash=4mP9Wex0AZR5kxey The market fluctuates greatly, please take good risk control measures. The data is for reference only and does not constitute any investment advice!
BlockBeats news, on January 21st, Matrixport released today's chart report stating that since mid November, Bitcoin trading prices have been in a gradually narrowing wedge-shaped range. This trend is influenced by multiple factors: on the one hand, higher than expected inflation data and the hawkish stance of the Federal Reserve have suppressed market sentiment; On the other hand, the market's optimistic expectation that President Trump may establish a "strategic Bitcoin reserve" has provided support for the price, avoiding a larger pullback. The sideways oscillation in the wedge-shaped range continued until Trump's inauguration ceremony, which became a catalyst for Bitcoin's upward breakthrough and released a strong bullish signal. Currently, Bitcoin is retesting its breakthrough level, which coincides with the upper boundary of the wedge. If Bitcoin can maintain this key support level, it still has significant upward potential in the short term, and breaking through further strengthens the market's bullish expectations.
Matrixport stated that the price of Bitcoin has been in a gradually narrowing wedge-shaped range since mid November last year, influenced by multiple factors including higher than expected inflation data and the hawkish stance of the Federal Reserve suppressing market sentiment, as well as optimistic expectations that President Trump may establish a "strategic Bitcoin reserve". Trump's inauguration ceremony has become a catalyst for Bitcoin's upward breakthrough, and currently Bitcoin prices are retesting the breakthrough level, which matches the upper boundary of the wedge. If Bitcoin can maintain this key support level and still have significant upward potential in the short term, the market's bullish expectations will further strengthen.
Bitcoin Magazine CEO David Bailey said on X platform, "It has been confirmed that Bitcoin or cryptocurrency related executive orders are included in the first 200 executive orders issued after Trump's inauguration. I don't know exactly what made them selected, but good news has come
