On January 15, 2026, early morning, the crypto market once again showed a differentiated pattern.

**Leading Gainers**: BLUR led with a 5.51% increase, with the price rising from $0.03793 to $0.04002. Spot volume reached 5.65 times, futures volume was 3.85 times, and the long-short ratio of 1.72 indicates a clear bullish dominance, but attention should be paid to the funding rate of -1.1685% which poses a liquidation risk for shorts. FHE followed closely with a 4.40% rise, from $0.05407 to $0.05645. Although its futures volume was relatively weak at only 0.68 times, its overall performance remains steady. APR, FLOW, and ICP increased by 3.81%, 3.41%, and 3.19% respectively, with ICP's price crossing from $4.485 to $4.628. The order book buy pressure for ICP was 1.37 times, indicating strong willingness to buy.

**Declining Sectors**: The story is different on the downside. DCR led the decline with a 5.35% drop, from $24.09 to $22.8. Spot volume was only 1.49 times, lacking buyer support. GRASS fell by 3.68% to $0.3505, while RIVER continued to decline by 3.55%. Notably, its long-short ratio was only 0.48, indicating a clear advantage for bears, and the funding rate of -0.7548% also suggests liquidation pressure. SXT and PUMP closed down by -3.19% and -2.47%, respectively, with PUMP showing the most moderate micro-volatility.

Overall, the market liquidity is ample, but sentiment is clearly divided. Some assets exhibit crowded shorts, and traders should closely monitor liquidation trends.