2026-01-08 01:20:17

Today, the crypto market is swinging at high levels, and the battle between bulls and bears has become more intense. My straightforward judgment is: the possibility of a short-term correction is indeed increasing, but don’t rush to fully short your positions. Be cautious of a sudden rebound that could bite you.

In the early hours of today, Beijing time, Bitcoin staged a spectacular "V-shaped" move—dropping quickly from above $93,000 to $91,260, then reversing and climbing back near $93,800. This rollercoaster ride caught many friends who woke up eager to short Ethereum off guard.

My chart on the desktop is very clear now: Bitcoin is oscillating around $92,550, while Ethereum is bouncing around $3,220. This is definitely not a straight downward plunge but a fierce "tug-of-war" between bulls and bears at this price level.

**Market sentiment is subtly shifting**

This "rollercoaster" in the early hours is essentially a typical liquidity test at high levels. When I look at the order flow data, I see that total trading volume has significantly increased during both the decline and rebound, indicating that the disagreement between buyers and sellers is very large, and the battle is quite intense.

Market sentiment has slightly loosened from "extreme greed." Yesterday, there was a wave of bullish calls, but this morning, a clear divergence appeared. Some investors started taking profits, as evidenced by the net outflow of about $730,000 from Bitcoin spot funds within 24 hours.

It’s worth noting that Ethereum has shown more resilience than Bitcoin during this oscillation. Although Ethereum also declined with Bitcoin in the early hours, it responded much faster and quickly regained lost ground. Currently, its price is trading around $3,220. This relatively strong performance may indicate that the market’s view of Ethereum has not yet fully turned bearish.

BTC0,06%

ETH0,38%

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FallingLeaf

· 2h ago

The deep V has pulled back again. This move really scared the shorts quite a bit. Been too aggressive; still need to be cautious. Ethereum's current resilience against declines suggests there are still people holding the line. $730,000,000 fleeing—time to panic. Don't rush to go all-in on short positions; you might get slapped in the face by a counter-move.

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MysteryBoxAddict

· 2h ago

Oh wow, another deep V pattern. Are you tired of this routine? Really, dropping from 93 to 91 and then pulling back. Those guys who were fully short this morning must be feeling pretty uncomfortable. Ethereum surprisingly held up during this dip. That's interesting. I'm optimistic about it.

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ReverseTradingGuru

· 01-08 01:50

Deep V rebound bit back, short positions need to learn a lesson haha --- It's another scenario of tug-of-war, those who were bearish this morning, does your face still hurt? --- Ethereum's resilience is indeed meaningful, can't some people see that? --- $730,000 net outflow, it's not as scary as you might think --- Tug-of-war? I think it's Grandpa Zhu playing with fire --- Liquidity testing is getting boring, just want to know where the bottom is --- Bitcoin is still hovering around 92,550, should we break it already, everyone? --- Ethereum's reaction speed this time is really fast, Bitcoin should learn from it --- Yesterday was extreme greed, today it's diverging, this market really changes in an instant --- Don't go all-in on short positions, this is a good piece of advice, everyone who has been burned knows

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MidnightTrader

· 01-08 01:43

Deep V rebound once again bit the shorts, really need to be strategic --- This high-level fluctuation tests the mentality the most, don't be fooled by the $730,000 net outflow --- Ethereum reacted quickly to recover lost ground, it seems someone is still bottom-fishing --- The $92,550 level is the dividing line between bulls and bears, it's still too early to tell who will win --- Yesterday was extremely greedy, but within a night, it started to differentiate. The market is so real --- That deep V in the early morning was brutal, directly testing the liquidity bottom --- Ethereum's resilience compared to Bitcoin shows serious strength, indicating funds are still optimistic --- Many people are probably holding full short positions waiting for a rebound to trigger a squeeze, I almost followed the trend too --- What does the enlarged order flow indicate? It means no one dares to bet too big --- Trading around $3,220, seems like there will be more turbulence for a while

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LeverageAddict

· 01-08 01:39

This set of deep V reverse hand pulls is all about biting people. The brothers who cleared their positions in the morning must be feeling pretty uncomfortable now. They're repeatedly testing around 92,550, which shows that no one dares to go all-in aggressively. Ethereum's recent resilience against the dip makes me think the bottom might not come so quickly. Many have taken profits, but the bears haven't been wiped out either. This deadlock is most likely to give birth to a black swan. It's true that going all-in short is risky. Getting bitten back by a rebound is really intense. Liquidity testing? It feels like they're probing the psychological support levels of the bottom.

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WalletWhisperer

· 01-08 01:38

Deep V rebound is really amazing, short positions are being bitten hard, it seems I still need to keep observing. --- Once again, a high-level shakeout, the bears are getting humiliated again haha. --- ETH's performance this wave is indeed strong, it pulled back quickly, quite interesting. --- I thought it was going to break the bottom, but it played the roller coaster again, this market really knows how to keep things lively. --- I'm tired of the liquidity test routine, honestly, it means neither bulls nor bears have the decision power. --- A net outflow of 730,000 isn't a big deal, the key is how the big players move, small investors' money has long been drifting away. --- ETH's resilience is a bit tough, but it might just be because it didn't fall as sharply as Bitcoin. --- This kind of high-level oscillation is the most annoying, neither daring to short nor to go long, just lying back and watching. --- That wave in the early morning directly stopped out, better to earn less than get repeatedly stabbed again. --- Market sentiment loosening? I don't think so, there are too many greedy people.

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