Here are 4 coins unaffected by the latest market downturn

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Binance Coin (BNB), Internet Computer (ICP), Arbitrum (receptor blockers) and Sei (SEI), the four coins held firm during the January 3 trading session as the cryptocurrency market reacted to a worrying report from a Matrixport analyst.

BNB, ICP, ARB and SEI are unscathed

Binance Coin Token PriceInternet Computer, Arbitrum, and Sei rose 2%, 4%, 7%, and 10% respectively on the day, with trading volume increasing by double and triple digits as investors continued to pay more attention to the token.

BNB/USDT, ARB/USDT, SEI/USDT, ICP/USDT 1-day chart. Source: TradingView

Four altcoins have successfully weathered the cascading sell-off effect after a report from analysts at Matrixport suggested that the U.S. Securities and Exchange Commission (SEC) may reject an immediate Bitcoin ETF application.

Following news of the report, the price of Bitcoin and altcoins fell by nearly 7%, leading to total market liquidations of $540 million within four hours. For Bitcoin, liquidations were as high as $166.37, with long positions at $138.55 million and short positions at $27.81. This means that up to $373.63 million in altcoin positions were liquidated, which is the largest altcoin liquidation event in two years.

For BNB, ICP, ARB, and SEI prices, upside potential remains reasonable as the relative strength index (RSI) remains capped to the north, indicating that upward momentum continues. The Average Directional Index (ADX), which quantifies strength, also suggests that the uptrend will continue.