2026-01-09 03:33:25

On January 9th, Bitcoin fell below the $89,500 mark, with bearish sentiment dominating the market, and the scale of long liquidations reaching a recent high, accounting for over 90%. At the same time, positive signals are also being released—Goldman Sachs officially submitted an application for a spot Ethereum ETF, indicating that traditional financial institutions are increasingly finding a compliant pathway to enter Ethereum.

What’s more noteworthy is that there has been new progress in the US "Million Bitcoin Reserve" plan. Although the specific timeline for direct purchases remains unclear and the likelihood of policy implementation in the short term is limited, such voices themselves are sending a strong signal—that Bitcoin is becoming an option for national-level asset allocation.

The current market is like a seesaw: retail liquidations and institutional positioning signals are playing out simultaneously, with policy expectations and price volatility offsetting each other. In the short term, this game is likely to continue fiercely, but structurally, support from institutions and policy levels is already being laid out.

BTC-0.39%

ETH-0.77%

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OldLeekNewSickle

· 01-09 04:02

Ninety percent liquidation, this time the cut was really harsh, retail investors are once again being drained. Institutions are laying out policies and laying the groundwork, while we are getting liquidated. This is what you call a seesaw, right haha. Spot ETF is coming one after another, it feels like this wave is just laying a carpet for institutions. Continuing to be harvested in the short term, betting on policy implementation in the long term, a classic choice for chives. The term "national-level asset allocation" sounds really bold, but I just can't understand it. After this cleansing, the remaining chips are indeed of good quality... Just for your reference, everyone.

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ApeWithNoFear

· 01-09 04:01

90% liquidation... retail investors are being harvested again. Is this our fate? Wait for Morgan Stanley's ETF application; institutions are really gradually taking over. If it continues to fall in the short term, I'll just lie low. Anyway, with such friendly policies in the long run, what's there to panic about?

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MidnightMEVeater

· 01-09 03:49

Good morning, it's another perfect morning for a pump-and-dump. Retail investors are getting liquidated, Goldman Sachs is submitting applications, and this surgical knife swings with real flair. Over 90% of longs are liquidated? Basically, it's just providing liquidity to institutional players—goodbye, sleep, never waking up. Policy expectations are more illusory than price fluctuations, but they are the most effective at fooling people's minds—still no sign of the Bitcoin reserve plan, already hyped for an entire quarter. The seesaw game goes on like this, one side killing, the other pretending to understand. Anyway, time is the most expensive cost; by the time they really act, it might be another cycle. Institutions can lay the groundwork for three to five years without issue, but retail investors can't hold out for more than three to five days before having to surrender.

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BlockchainNewbie

· 01-09 03:42

It's starting to cut leeks again; retail investors are the ones getting liquidated. What about institutional arrangements? And us? Where is the promised million Bitcoin reserve? How much longer do we have to wait? Morgan Stanley's ETF application is quick, but retail investors get trapped quickly. This seesaw—those above are making money, while those below are paying off debts. Intense in the short term? If so, they'll be liquidated in no time. Policy support? I only see my own account supporting 🤡. Once institutions have fully arranged everything, what will retail investors have left to benefit from?

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SandwichTrader

· 01-09 03:41

The liquidation buddy is back to stubbornly hold on; this wave of zero-leeks is just for harvesting. Is Morgan Stanley applying? What are you pretending for? When it really lands, it still depends on what comes next. The million Bitcoin thing, haha, just listen and don't take it seriously. Retail investors are being wiped out while institutions are eating; it's an old story. In the end, this seesaw will still be decided by policies. Short-term, the bloodbath continues; I just want to see who can hold out until the end.

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MetaEggplant

· 01-09 03:37

Retail investors are being wiped out again; this wave of liquidations is brutal. Morgan Stanley files for ETF, it seems institutions haven't completely given up on Ethereum. A million Bitcoin reserves, just listen; the timeline isn't set yet, don't get your hopes up too much. It's a seesaw, just waiting for the next wave of institutions to step in.

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