2026-01-09 12:33:06

The brief rally earlier this week ran out of steam as fear crept back into the market. Bitcoin and Ethereum faced selling pressure, dragged down by accelerating ETF redemptions and mounting geopolitical tensions that spooked risk-on traders.

Here's where prices landed:
• BTC sits at $90,913, up just 1% on the session
• ETH nudged higher to $3,114, barely moving with a 0.1% gain

The bigger picture tells the real story—sentiment nosedived into Fear territory (FGI dropping to 27), total market cap contracted to $3.19 trillion, and $236 million in positions got liquidated as leverage unwound across exchanges. When outflows from major bitcoin and ethereum ETFs pile up alongside geopolitical jitters, retail holders tend to hit the panic button. That's exactly what played out this week.

BTC-0,98%

ETH-1,47%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
7
Repost
Share

Comment

0/400

GasFeeBarbecue

· 22h ago

Here we go again, another round of wiping out the retail investors. This rhythm is truly incredible. --- FGI drops to 27 and everyone starts panicking? Calm down, brothers. --- 236 million liquidation, I just want to know where this money went... --- It's always the same pattern: panic → buy the dip → rebound, cycle repeats. --- Geopolitical tensions, huh? Always using that as an excuse. --- $90k is wobbling here, how come some people still dare to leverage? --- A 0.1% increase is called a rise? That’s so hopeless. --- I really can't understand this market. I’ll just keep roasting my skewers. --- Large ETF redemptions, does that mean institutions are all fleeing? --- Feels like next week will continue to dip; this wave isn't over.

View OriginalReply0

New_Ser_Ngmi

· 01-09 18:05

They're at it again, trying to harvest the new investors.

View OriginalReply0

BlockchainFries

· 01-09 13:00

It dropped again, this time directly plunging into the fear zone.

View OriginalReply0

OnChainDetective

· 01-09 12:56

nah the fgi 27 number caught my eye... traced the outflow patterns across major exchanges and tbh the wallet clustering suggests this ain't just retail panic. something smells off about the timing

Reply0

CommunityLurker

· 01-09 12:54

Here we go again? This week's rebound was so short-lived --- ETF redemptions + geopolitical tensions double whammy, no wonder retail investors are panicking --- Fear index at 27... still daring to buy the dip, everyone --- $236M liquidation, leveraged traders are about to cry again --- It all depends on whether BTC can hold 90,000 at this critical moment --- Is this wave just a false alarm or will it continue to fall --- Market cap has shrunk to 3.19T, should I buy the dip or wait --- Panic selling is rising again, it's really always so surreal --- A few percentage points of gains are completely wiped out, so frustrating

View OriginalReply0

ChainDetective

· 01-09 12:43

It dropped again and again. I'm really tired of watching it fall this week.

View OriginalReply0

CompoundPersonality

· 01-09 12:37

Oh no, here comes another wave of cutting leeks. FGI has dropped to 27, these retail investors really can't hold on anymore.

View OriginalReply0