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  • Chiliz price drops 15% amid sharp altcoin pullback

    Chiliz price drops 15% amid sharp altcoin pullback

    Chiliz Price Logo

    • Chiliz (CHZ) price fell sharply on Thursday, with a more than 15% plunge sending prices to lows of $0.046.
    • Losses for the token comes as Bitcoin price drops sharply to impact top altcoins.
    • Upbeat sentiment around CHZ remains amid roadmap plans and World Cup 2026 anticipation.

    The CHZ token, native to the leading blockchain platform powering fan engagement in sports, saw its value tumble as the broader altcoin market faced a fresh downturn.

    Chiliz traded to its intraday lows as Bitcoin dropped to under $85,000 again.

    BTC’s sharp plunge has altcoins in peril mode, with Ethereum down to $2,800, XRP to $1.79, and Solana to $117. CHZ ranked as one of the biggest losers in the top 100 by market cap.

    CHZ dips after recent surge

    The Chiliz price enjoyed a robust 30% weekly rally leading into late January, with a sudden pump outpacing a slumping global crypto market. CHZ pumped to near $0.06.

    In reality, the upswing can be traced back to the momentum of mid-December 2025, when bulls shattered the $0.035 resistance level.

    The uptick coincided with heightened anticipation for the FIFA World Cup 2026 set for the summer in the United States, Mexico, and Canada.

    Chiliz’s Fan Token ecosystem, which powers tokens for clubs like FC Barcelona and Juventus, has positioned itself as a key blockchain partner.

    Event-driven sentiment and Chiliz Chain 2.0 upgrades bolstered bulls. However, concerns over fan attendance amid US visa bans and boycott calls have slightly dampened the outlook.

    Chiliz Price Chart
    Chiliz price chart by CoinMarketCap

    Sharp declines come amid this, with widespread profit-taking by short-term holders and mounting weakness across altcoins, exacerbating the situation.

    Chiliz price forecast: any bullish catalysts?

    The current market conditions could allow bears to target the $0.040-$0.035 support zone.

    However, beyond its recent volatility, Chiliz’s price may ride broader tailwinds.

    The FIFA World Cup in June-July 2026 looms as a centerpiece, while upgrades and regulatory developments could ignite further Fan Token launches.

    Chiliz’s “2030 Vision” roadmap, which emphasizes DeFi integrations and institutional tie-ups, also adds to the potential bullish catalysts.

    The optimism for Chiliz also lies around the implementation of a transaction fee burning model similar to Ethereum’s EIP-1559.

    With this mechanism, a portion of CHZ is burned every time users trade Fan Tokens, mint real-world assets, or transfer a media rights asset.

    Users pay gas fees using the CHZ token, and a reduction in supply can significantly impact prices in the long term.

    Technically, a rebound above the $0.050 psychological level will hint at resilience. A break above $0.064, the token’s January 17 peak, could bring  $0.10 into view.

    The MACD’s upward histogram and OBV strength suggest accumulation may persist.

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  • Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff

    Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff

    Bitcoin under pressure

    • Bitcoin ETF outflows and shrinking liquidity intensified the recent BTC price decline.
    • Margin liquidations accelerated the selloff as key support levels broke.
    • Correlation with tech stocks added pressure amid broader risk-off sentiment.

    Bitcoin price has come under intense pressure in recent weeks, with the market enduring a deep pullback fueled by weakening demand, heavy ETF outflows, and a wave of forced liquidations.

    The downturn has erased months of gains and pushed traders to question whether the latest slide marks a temporary setback or the start of a deeper cycle reset.

    ETF outflows add fuel to the decline

    Bitcoin’s slide has been sharp and persistent since its early October peak above $126,000.

    Since the October peak, the cryptocurrency has shed almost $800 billion in value, sinking to levels last seen in the spring.

    ETFs, once a stabilising force for Bitcoin (BTC), are now driving additional weakness.

    BlackRock’s IBIT ETF, which previously absorbed sell-offs, has posted its largest monthly redemption on record, with $520 million leaving the fund.

    This reversal marks a shift in institutional sentiment and has become a major source of downward pressure.

    A recent NYDIG research highlights how ETF outflows, shrinking stablecoin supplies, and changing corporate treasury strategies are eroding the demand engine that supported Bitcoin earlier this year.

    Greg Cipolaro of NYDIG describes the current cycle as a “negative feedback loop,” in which factors that once boosted the market are now accelerating the downturn.

    This shift has placed Bitcoin under sustained selling pressure at a time when broader risk appetite is also weakening.

    A key part of this shift can be seen in the stablecoin market, where supplies have declined for the first time in months, with some tokens losing significant value after liquidation events.

    In addition, digital asset treasuries, once active Bitcoin buyers, are pulling back as they reduce liabilities through asset sales or share buybacks.

    These moves have contributed to a steady drain of liquidity across the crypto sector.

    Bitcoin price outlook

    From a technical standpoint, Bitcoin has plunged into oversold territory and printed a hammer candle, hinting at a potential swing low.

    Eyes are now on $88,500, which capped rallies earlier in the year and briefly halted last week’s selloff.

    A sustained break above it could create conditions for a short-term recovery, with targets near $94,000 and $95,000.

    However, that setup faces stiff resistance from broader market sentiment.

    Bitcoin’s tight relationship with risk assets adds another layer of complexity.

    The correlation between Bitcoin and Nasdaq 100 futures has climbed to unusually high levels, reaching near 0.96.

    When tech stocks fall, Bitcoin tends to follow, and recent turbulence tied to concerns over an AI bubble has weighed heavily on both markets.

    Bitcoin dominance has also slipped to multi-month lows, signalling that capital is drifting away from BTC and into either safer assets or high-risk alternatives.

    The market is also seeing increased volatility from margin liquidations.

    Leveraged positions, especially in perpetual futures, have magnified the recent moves.

    As Bitcoin fell below $87,000, more than $900 million in positions were wiped out, with longs taking most of the damage.

    Notably, liquidation cascades have become a recurring theme, deepening each leg lower.

    Furthermore, oscillating indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), remain bearish, hinting that previous bounces have been sold into quickly.

    Bitcoin price analysis
    Bitcoin price analysis | Source: TradingView

    A drop below recent lows could open the door to a retest of the $76,000 region, where Bitcoin (BTC) stabilised during an earlier market shock linked to tariff fears.

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  • Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower

    Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower

    Bitcoin Price Dump

    • Bitcoin slides below $104K as crypto sell-off deepens.
    • $1B in crypto liquidations hit traders within 24 hours.
    • Aave, Flare, BCH sink; Jito jumps on a16z investment.

    The cryptocurrency market has extended its unstable week with a broad sell-off, erasing gains from earlier in the period amid Bitcoin’s slump to under $104,000.

    Meanwhile, the global cryptocurrency market capitalization dropped by more than 3% to $3.5 trillion – before a slight recovery as Bitcoin reclaimed the $107,000 level.

    CoinGlass data showed the global crypto liquidations jumped to over $1.04 billion in 24 hours, with longs suffering the most pain.

    Open interest was down 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested, and in some cases, dropped below key levels.

    Bitcoin slumps to $103,598

    Bitcoin led the market’s steep drop on Friday, October 17, 2025. While the sharp decline was not as bloody as the annihilation seen on Oct. 10, the fall to lows of $103,500 marked another big swing for BTC.

    The benchmark digital asset had partially recovered to highs of $106,600 at the time of writing.

    However, the slump injected fresh fears into a market that witnessed a historic $19 billion liquidation event a week prior.

    Notably, Bitcoin’s dump came amid investor jitters across Wall Street following bad loans news from two US regional banks.

    A spooked market reacted lower, and BitMEX co-founder Arthur Hayes shared his view on what that could mean.

    ETH, XRP, SOL and BNB mirror BTC’s woes

    Bitcoin hogged headlines for its sharp drop, with an intraday range of $109,260 and $103,598. However, the rot was widespread and Ethereum, XRP, Solana and BNB all shed a significant portion of recent gains.

    Specifically, Bitcoin’s woes that aligned with major ETF outflows saw Ether price drop to under $3,680.

    This extended the decline below the key support level of $4,000, although bulls hovered near $3,800 at the time of writing.

    Crypto analyst Lark Davis said Ethereum is poised at a make-or-break level.

    Elsewhere, XRP price fell more than 4% to lows of $2.20, well off key support of $2.50 and the psychologically important $3.00.

    Ripple’s acquisition of treasury firm GTreasury and reported $1 billion raise for XRP could be key to bullish sentiment.

    Solana, which traded around $182, had declined nearly 5% as it touched lows of $174 to inject fresh bearish sentiment below the critical $200 mark.

    The market also saw BNB, one of the top performers in the past months, suffer more profit-taking as the price touched lows of $1,024. BNB hit its all-time high of $1,370 on Oct. 13.

    Aave, Flare, Bitcoin Cash among top losers

    As the top altcoins mirrored the BTC downturn, with losses on Wall Street catalyzing the dump, Aave, Aster, Flare and Bitcoin Cash emerged as some of the top losers on the day.

    Notably, AAVE was down 13%, ASTER -10%, FLR -9.7% and BCH traded -8% to lead underperformers among the 100 largest coins by market cap.

    Earlier in the day, Zcash fell below $190 amid a 20% dip before a slight rebound pushed ZEC above $216. The privacy coin’s value was 7% down in the past 24 hours.

    Ethena, ZORA and Jito were among the top gainers, with Jito benefiting from bullish news related to a $50 million investment by a16z.

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