2026-01-09 12:23:11

The rhythm of the crypto market today is a bit unusual—everyone is waiting for one thing to happen. The U.S. Supreme Court is about to make an important ruling on tariff policies, which is traditionally a matter of conventional finance, but it directly impacts global trade and market expectations, and even changes perceptions of risk assets like Bitcoin. So you'll see, the entire market is now holding its breath, with Bitcoin repeatedly oscillating around $91,000, showing a very cautious stance.

A close look at the charts reveals a few interesting phenomena. First is the technical aspect—Bitcoin only just stabilized after challenging the $90,000 mark yesterday, and is now hovering slightly higher at around $91,000. But don’t get too excited; the $89,000 to $90,000 zone is a relatively strong support level. If it breaks through, the correction space could be quite deep.

Even more noteworthy is the change in capital flow. The recent surge in spot Bitcoin ETF buying at the beginning of the year has cooled off a bit, with two consecutive trading days of net outflows. Some say this is due to funds rebalancing assets from earlier in the year, and it may not necessarily mean a real shift in sentiment, but signals are signals—better to stay cautious.

Market sentiment is even more apparent—recently, the RWA concept has fallen nearly 5 points, leading the decline, and meme coins are also pulling back, putting pressure on the entire market. The good news is that leverage players haven't become overly aggressive; derivatives data shows everyone is being cautious, with no signs of a trigger that could ignite a sudden surge.

The current situation is: both bulls and bears are waiting. Once the tariff ruling is out, this deadlock will either be broken with an upward push or open up a new round of correction. That’s the real catalyst.

BTC0,61%

RWA-2,11%

MEME-1,88%

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memecoin_therapy

· 23h ago

The feeling of holding your breath... Two days of ETF net outflows, this is the real killer move --- Another tariff ruling, when will we crypto folks stop being hostage to these policies --- Breaking the 89-90 range really hurts, I bet it will still fall --- RWA leading the decline by five points? Again, time to listen to the "big brothers" bragging that meme coins are doomed --- At least no one’s leverage exploded, otherwise it would be a slaughterhouse now --- One line triggering a sell-off? Don’t think so, everyone was holding back before the tariff ruling --- Asset balance... Ha, I don’t believe what the fund says at all --- 91,000 fluctuating repeatedly, so boring, better wait for the ruling --- Spot ETF weakness is a signal to watch out for, funds are fleeing --- Both bulls and bears waiting? That means no one really dares to move

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rekt_but_resilient

· 01-11 12:55

91,000 this level is really stuck, the ETF net outflow is a bit frustrating Only after the tariff ruling came out did we see the true picture, now it's all guesswork RWA down 5 points? I've been tired of this concept for a long time, it's all just hype Breaking 89-90 would be really uncomfortable, I'm just watching and waiting now This pace is just wearing people's patience thin, it's really annoying

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SorryRugPulled

· 01-09 12:51

Holding my breath, I laughed at that moment, indeed, this feeling ETF net outflows for two days and people are already panicking, are funds really balancing or is money really flowing out? If it breaks 89,000, I'll admit defeat. Anyway, I didn't make any profit this wave It's a bit funny that RWA led the decline, how loudly they boasted before The tariff ruling is out; can it save us? If we keep waiting like this, we'll be waiting until the flowers fall

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StableBoi

· 01-09 12:51

Holding your breath, waiting for the tariff ruling? Honestly, it's a bit dull. --- ETF has been experiencing net outflows for two days. Is the fund cutting or washing? The signal is right there. --- RWA dropped 5 points, Meme is also pulling back... feels like no one dares to take the plunge. --- Only when 89,000-90,000 is broken will it be truly interesting. Isn't this just oscillation at the current level? --- Leverage players aren't yet crazy? That actually makes me a bit uneasy, too calm. --- Rather than waiting for the tariff ruling, it's better to think about the worst-case scenario in advance. --- Funds are weak, but don't forget that institutions haven't fully withdrawn yet. --- Are both bulls and bears just waiting? I think they're all just chicken. --- How long can the 91,000 level hold? Really hard to say. --- I didn't quite believe in the asset balance theory at the beginning of the year. Net outflows are just net outflows.

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PumpBeforeRug

· 01-09 12:47

Uh… ETF is experiencing net outflows? Is this an opportunity for us or a warning sign? --- Is breaking 89k the real issue? You can't just look at the surface from a technical perspective. --- Tariff rulings… they don’t just affect crypto; traditional finance is also trembling. --- RWA dropped 5 points? I knew it would turn out like this; the hype around the concept has reached its limit. --- Honestly, weak funding conditions say more than anything else. Has the enthusiasm from the beginning of the year just disappeared? --- Both bulls and bears are waiting… it sounds just like the calm before a crash. --- Caution among leveraged players is the most terrifying, indicating that the big players are also lacking confidence. --- The 91,000 level feels like a short-term ceiling. --- At critical moments, a court ruling is always needed to stabilize the market. It’s hilarious.

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BetterLuckyThanSmart

· 01-09 12:47

Holding your breath is truly uncomfortable, waiting for the verdict is more torturous than watching K-line charts. What does the ETF net outflow over two days signify? It feels like the funds are also losing confidence. RWA leading the decline is a bit outrageous, and Meme coins following the trend and pulling back is expected. Breaking 89,000 would really hurt, and at that point, you'll have to take another hit. Instead of guessing the verdict, it's better to just wait. Anyway, there's nothing else to do in the meantime.

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SeasonedInvestor

· 01-09 12:25

This market really can't hold up anymore, watching the 91000 level every day, feeling trapped ETF net outflows continue, talking about asset balance, I don't believe a word of it Tariff rulings haven't come out yet, who dares to hold heavy positions? Just hold your breath RWA has already dropped 5 points, not to mention Meme, luckily didn't go all-in with leverage Let's wait, wait for this matter to be settled, maybe we'll see everything clearly all at once If the 89000 line breaks, we need to be prepared to play mahjong Actually, it's been obvious for a while, funds are retreating like cutting leeks, what balance are they pretending to maintain? This time, it all depends on how the court guy rules, that's the catalyst

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LiquiditySurfer

· 01-09 12:24

Holding your breath is a perfect way to describe it, that feeling of holding back your strength. ETF net outflows have continued for two days in a row, the fund balancing explanation is a bit sweet... but a signal is a signal. Breaking 89,000 is really a hurdle, we'll see when the time comes. Tariff rulings, Bitcoin should have followed policies earlier, risk assets should be like this. RWA dropped 5 points to lead the decline, it seems this year’s concept coins will have an even harder time. Leverage hasn't exploded yet, which is a bit unsettling... too calm might be a sign of an impending storm. Once this shot is fired, the bulls and bears will be distinguished, but guessing now is pointless.

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