The crypto market is under pressure as Bitcoin and Ethereum show significant price drops amid macroeconomic data and changing investor sentiment.
Bitcoin Faces Strong Selling Pressure
Binance, the largest crypto trading platform, saw a sharp increase in Bitcoin selling. According to Cryptoquant [Darkfost Binance](https://cryptoquant.com/insights/quicktake/677da77ca315a278ef692434-BTC-Selling-pressure-strengthens-on-Binance-exchange), the net taker volume turned significantly negative, reaching $325 million, the highest recorded in 2025. This drop happened after disappointing US economic reports, including weaker-than-expected PMI and job openings data, made risky assets like Bitcoin less attractive, leading to higher sell-offs.
Ethereum Sees Its First Big Drop of the Year
Ethereum didn't escape the pressure, recording its first major price dip in 2025. This drop comes amid rising expectations that the Federal Reserve might skip an anticipated rate cut in its upcoming January 29 meeting. While there's no panic among Ethereum investors yet, ETH ETF flow has seen an [outflow of 86 million](https://farside.co.uk/eth/). However, buying momentum was observed on Kraken, likely supported by strong ETF data earlier in the week.
What's Next for the Crypto Market?
While Bitcoin and Ethereum are under pressure, there's hope for recovery if ETF inflows and buying interest rise. Experts advise caution, especially with upcoming events like Trump's inauguration adding uncertainty to the market. Currently, Bitcoin's price has dropped by 6.5%, trading at $95,433, and its market cap has fallen to $1.89 trillion. Similarly, ETH has declined to $3,339, marking a 9% drop over the last 24 hours.
The crypto market is experiencing a tough period, but monitoring ETF inflows and buying interest shows potential paths to recovery.
