Market Overview - Total market-wide liquidations reached nearly $900 million, driven by negative volatility from Trump's tariff impact on the EU [1] - The figure may increase as several altcoins show warning signs [1] XRP Analysis - XRP dropped to $1.85 on January 19 before rebounding to $1.95, erasing most recovery efforts since the start of the year [2] - Short-term traders are increasingly bearish, with potential short liquidations outweighing long positions [2] - If XRP rebounds to $2.29, short positions could face over $600 million in liquidations, contingent on fading concerns over tariffs and strong buying demand around $1.8 [3] - Large whale orders frequently appear when XRP trades below $2.4, indicating strong whale demand at lower price levels [4] - Whale interest is at a 2026 high, suggesting "Smart Money" is positioning for the next upward movement [5] - If whale accumulation surpasses market fears, XRP could recover swiftly, leading to short trader liquidations [6] Axie Infinity (AXS) Analysis - Axie Infinity (AXS) gained over 120% year-to-date and returned to the top trending list due to plans to convert rewards into a new utility token called bAXS [7] - The 7-day liquidation map for AXS indicates a potential liquidation volume of around $12 million, with a narrower price range needed to liquidate long positions compared to shorts [8] - Many investors are looking to exit as prices recover, which could lead to selling pressure and put long positions at risk [10]