2026-01-08 01:23:42

January 8 Market Brief: Bitcoin gave investors quite a scare today. After sliding from $93,000 in the early trading session, it is currently hovering around $91,000, with a 24-hour decline of nearly 3%, and the intraday low even touching $90,800. The rebound opportunity is limited, and the bearish sentiment is growing stronger.

Fundamentals are the main driving force. A leading fund's Bitcoin fund experienced a net outflow of $583 million today, the second-highest record since last year. Among them, two large institutional asset management products saw nearly $400 million in outflows in a single day, indicating a clear intention of large-scale cashing out by institutions. On the macro level, the Federal Reserve's interest rate decision record was just released, and comments on inflation have made market nerves tense; meanwhile, the dollar is strengthening, short-term holders are continuously transferring chips to exchanges, and retail investors are starting to follow suit and cut losses, creating wave after wave of selling pressure.

From a technical perspective, the price has broken below the 2-hour and 30-day moving averages, with short-term pressure clearly evident. Fortunately, the 120-day moving average (around $90,700) is still supporting the price, preventing it from directly breaking below the $90,000 psychological level. The current situation is a classic dilemma—$93,000 above is a clear resistance, while $90,000 below is a critical support. Once broken, it may test around $84,500. Interestingly, about 70% of retail holdings on a major exchange are still bullish, highlighting a notable divergence between institutions and retail investors.

Two key points to watch closely are: whether $90,000 can hold firm, and the performance of non-farm payroll data this weekend. Weak data might actually ease market concerns about rate hikes and give Bitcoin a breather; if the data exceeds expectations, it could increase downward pressure. It is recommended that spot traders refrain from rushing to buy the dip; wait until $90,000 is confirmed to stabilize before gradually building positions. For futures trading, do not heavily leverage against the trend; recent liquidation lessons are clear. Wait for clearer rebound signals before participating to be more secure.

BTC-0,52%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
4
Repost
Share

Comment

0/400

NonFungibleDegen

· 01-08 01:53

honestly the institutions dumping 5.8B is lowkey hilarious... we're all sitting here coping about 120MA support while whales are literally cashing out lmao. probably nothing tho ser, WAGMI right? right??

Reply0

WalletWhisperer

· 01-08 01:52

ngl the whale exodus is textbook distribution behavior, address clustering data would be *chef's kiss* right now. 70% retail still long? that's not bullish conviction, that's statistical noise waiting to get liquidated lmao

Reply0

GasFeeNightmare

· 01-08 01:50

Institutions are again cutting leeks, retail investors are still sleepwalking bullish, a classic contrarian indicator --- 90,000 can't hold, really need to go to 8.45, let's just wait for the bad orders to come in --- Every time there's a macro event, the crypto circle starts infighting. The Federal Reserve is really incredible --- Let's look at spot first, no rush, there's still a chance if this wave drops --- Seventy percent of retail investors are bullish? Then I think it's going to be a cold shower, haven't we learned enough from history --- Non-farm payroll data is crucial, the weekend might bring a change, it's a bit early to act now --- Outflow of 583 million, institutions are fleeing quickly, we need to learn to think in reverse --- The 90,000 key level is really holding tight, only when it's broken is it over --- Don't touch contracts, too many liquidations recently, not worth it --- It's good to be optimistic, but money is flowing out, this is the true picture of the market

View OriginalReply0

FUD_Vaccinated

· 01-08 01:32

Institutions are dumping again, retail investors are still buying in. This show is always the same every time. --- If 90,000 breaks, it will directly go to 8.45. Once the psychological barrier is broken, it's broken. There's nothing to expect. --- Non-farm payroll data is the real killer. Now, bottom fishing is just gambling, a bit risky. --- Seven out of ten retail investors are bullish, but can you trust this data? For betting institutions, it's basically a reverse operation. --- Don't listen to advice. When it’s time to stop loss, no one can escape. If it’s going to fall, let it fall. --- $8.3 billion net outflow—that's institutions unloading. Understand? --- If 90,000 can't hold, I’ve scheduled 8.45. Just waiting. --- Don't move the spot position. Wait for the signal. The rebound is a distant hope.

View OriginalReply0