2026-01-08 00:21:54

As of January 8th, the cryptocurrency market remains under pressure at high levels. Bitcoin briefly dipped to around 90,000 yuan, with its dominance maintaining at 58.3%. The overall market shows clear signs of a correction, with increased sector divergence and a noticeable shift in market sentiment towards caution.

From the market psychology perspective, the Fear and Greed Index is currently at 42. Although slightly lower than the previous day, it still hovers within the "Fear" zone. However, most market participants believe this is just a normal short-term profit-taking phenomenon, representing a healthy technical correction, and there are no signs of panic selling. Most mainstream cryptocurrencies have recorded negative returns, but the declines are generally manageable.

Some analysts believe that the trigger for this wave of market movement points to geopolitical events in early January. Measures taken by relevant decision-makers on the night of January 3rd (Eastern Time) triggered a chain reaction, prompting the cryptocurrency market to respond accordingly. From a longer-term perspective, such geopolitical factors send positive signals to the industry, potentially encouraging traditional financial institutions to deepen their understanding of digital assets and attracting more institutional funds.

A key turning point may depend on the policy stance of the U.S. Congress. If the political environment in the coming period maintains the current pattern or continues to trend favorably, the cryptocurrency market could see more significant upward potential. Conversely, the market may continue to fluctuate within the current range. In the short term, whether BTC can stabilize above the 90,000 USD key support level will directly determine the future direction of bullish or bearish trends.

Regarding liquidation data, approximately 98,300 traders worldwide were liquidated in the past 24 hours, totaling $296 million. Among these, long positions accounted for $2.52 million, and short positions for $44.62 million, showing a clear concentration of liquidations in long positions. This reflects that, during the correction, long positions trapped in the market are under greater pressure.

BTC-0,61%

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MEVHunterWang

· 01-08 00:44

98,300 people liquidated, which is why I say don't leverage blindly. Another wave of retail investors being harvested. Whether the short-term $90,000 can be maintained depends on how that group in Congress talks. Geopolitical tensions pushing institutions to enter? Ha, I think 99% are retail bagholders. This correction is supposed to be healthy? Fine, I want to see how far the bulls' "health" has to drop before it's considered the end. The Fear Index is still at 42 and lying flat. If you ask me, it should have been dumped and cleaned out already.

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OnchainDetectiveBing

· 01-08 00:40

$90,000 is being hammered again. Can this wave stabilize? --- Fear index at 42 is still timid, always feeling like there's another wave coming --- Another 98,300 people have been wiped out, with heavy losses for the bulls --- Geopolitical push institutions entering? Just listen and forget it --- Congress attitude is the key; without it, everything is pointless --- Let's see if we can hold onto 90,000; if we do, there's hope --- Bulls' liquidation hits 44.62 million, this time the bulls are really suffering --- Technical correction? Haha, I don't believe you --- It's better to be cautious until there's a policy positive signal

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MemeCurator

· 01-08 00:25

90,000 stable or not? Are we going to wash out again... Is this drop really just "geopolitical" blame? I feel like it's just dumping the market. So many longs got liquidated, it shows retail investors are still too greedy. Wait, are there more shorts liquidated? What kind of signal is this... The fear index is 42, can it still be called fear? I think it's just numbness. If policies change suddenly, it's game over. Still hoping for the US Congress? Wake up, everyone. Mainstream coins are all negative returns, what should I choose? If 90,000 doesn't break, I'll hold on; if it breaks, I admit defeat. Institutional funds entering? Let's see how they dump first. Is this round really profit-taking or are big players harvesting...

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4am_degen

· 01-08 00:23

If the key support at 90,000 cannot hold, then it really depends on what Congress will say next... Policy sentiment is too critical. Another wave of bulls being wiped out, this rhythm is really incredible. Does anyone dare to buy the dip? Geopolitical positive? Wake up, let's first see if we can stop the bleeding. Fear index at 42, what’s there to be afraid of? When panic sets in, it’s time to run. This pullback is just for institutions to scoop up, trust me, I’m right. Wait, 98,300 people liquidated? Why are so many still going all-in? The index is in the "fear" zone but you say it’s a healthy correction? I’m tired of hearing that. So what if the political environment is positive? In the short term, it still depends on whether BTC can hold 90,000. So many short positions are liquidated, yet longs are still getting beaten? That’s ridiculous. Institutions entering? First protect your own positions before talking.

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