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.

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Fren_Not_Food

· 19h ago

Retail investors are being wiped out again, this time the liquidation is really brutal. --- The key is the Morgan申ETF thing; traditional finance entering the market will be game-changing. --- The plan to reserve a million Bitcoins sounds great, but who knows when they'll actually buy? --- The seesaw game must go on; institutions are eating the meat while retail investors are eating dirt. --- Should I buy now? I really don't know whether to bottom out or keep cutting losses. --- The liquidation ratio exceeds 90%, isn't that number a bit outrageous? Is it real? --- Policy expectations vs. price fluctuations, and right in the middle are us small investors. --- I'm actually a bit scared now that the ETF application has been approved. Could it cause a market crash?

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GateUser-e87b21ee

· 21h ago

It's the same old story, a bloodbath of liquidations, while institutions are leisurely laying the floor... Something feels off. This move is clearly cleaning out retail investors' chips. JPMorgan's ETF application is just trying to fool us? Let's stabilize the coin price first. National-level asset allocation? Sounds impressive, but I'm afraid it's just empty talk and promises. This seesaw is really ironic, retail investors die, institutions survive.

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PositionPhobia

· 01-11 17:28

Here we go again, chopping the leeks, with over 90% liquidation... Retail investors really need to wake up The fact that Morgan Stanley is applying for an ETF, the institutions are playing chess, and we are just pawns The seesaw? No, this is just a cycle of cutting and pulling, cutting and pulling The million Bitcoin plan, just listen to it, it's still early to implement Entering now is probably suicide, better to wait and see Institutional layout? That's to take over the chips we hold The leek season is here, I decide to lie flat and watch When the liquidation and cleaning happened, I knew this wasn't the bottom Bearish dominance... feels like Bitcoin is heading to 70,000 My position is fully closed, I'm really a bit scared So many institutional signals, why is the price still falling? Short-term battle is intense? I think retail investors have no room to fight Watching others get liquidated, I realize how lucky I am This time I won't chase the gains, I have a bit of psychological shadow

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StakeOrRegret

· 01-10 20:23

It's another round of retail investors getting liquidated. When the liquidation ratio exceeds 90%, it's time to be cautious. The story about Morgan Stanley applying for an ETF... whenever institutions enter, someone has to sell off. The logic is very clear. The million Bitcoin plan sounds impressive, but it's far from being realized. The current price fluctuations are just pre-spent. The seesaw is fine, but the problem is retail investors are always left behind at the bottom. Institutional layout? Let's wait and see. The cost of taking over now is too high.

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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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