2026-01-21 14:22:42

In January, the start of the year, the global financial markets were thrown into chaos by bond fluctuations and trade tensions. Bitcoin plummeted to $88,403, approaching the early-year high of $87,586, triggering a wave of panic in the market. This is not just a simple technical correction; it is a true test of Bitcoin's "digital gold" attribute amid macro pressures such as sharp fluctuations in Japanese government bonds and escalating tariffs between the US and Europe.

How fierce is the market? Just look at the secondary market. Bitcoin-related stocks like MSTR dropped sharply by 7.8%, and Coinbase was not spared, falling 5.5%. The derivatives market was even more lively, with open interest piling up to $29.3 billion. Traders were desperately hedging, fearing being left behind.

Interestingly, traditional safe-haven assets are dancing. Gold rose above $4,750, and silver surged even more, becoming a safe harbor for funds. In comparison, Bitcoin is temporarily at a disadvantage in an environment of tightening liquidity — this shows that when real risk hits, the appeal of established precious metals remains strong.

Market sentiment indicators also confirm this. The Fear and Greed Index dropped sharply from 61 to 31, clearly undermining bullish confidence. To reverse the situation, Bitcoin needs to break above the critical resistance zone of $100,000–$103,000 to regain upward momentum.

In the short term, this correction reminds us of a principle: in an era of ongoing macro restructuring, relying on a single asset class is clearly insufficient. Diversification and risk spreading are the correct strategies to cope with systemic volatility.

BTC-1,19%

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GasFeeCryBaby

· 8h ago

Gold and silver are both soaring, but BTC is falling behind. This is really ironic.

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SchrodingersPaper

· 01-21 14:52

My goodness, gold and silver are stealing the spotlight, BTC has really been knocked back to its original form. 88k still dropping? Feels like it's going to break 80k, this wave really can't hold. The bulls are dead, now it's all about the bears' celebration. The $100,000 mark, probably going to be a long wait... I just want to ask, can we hodlers still live to see a rebound? Haha. Gold surged too quickly this time, feels a bit strange, is it really just a safe haven? Forget it, forget it, cut your losses now, don't wait for liquidation. Traditional assets are never outdated, why didn't I listen to the advice? 293 billion in open positions, are traders hedging? This is just cutting the leeks. The crypto world is always so dirty, as soon as there's a slight movement, everyone kneels.

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DiamondHands

· 01-21 14:51

Gold rises again, silver soars, and our BTC just becomes the scapegoat Old problem reappears: when risk comes, people complain about Bitcoin's liquidity. Actually, it's just a matter of psychological readiness, right? Friends who cut losses when tariffs rise and Japanese bonds shake, please ask yourself if you truly understand the concept of digital gold 88K has already scared away many people, and this test is far from over Look at that 29.3 billion in the contract, I don't know how many people can't sleep peacefully By the way, if you really want to diversify risk, why insist on holding on tightly? But still have to bear it

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AirdropHunterWang

· 01-21 14:46

Gold has all risen, but BTC is still struggling, this is really awkward --- 293 billion in open contracts, traders are truly scared this time --- Digital gold? It looks more like digital pulp now, is real gold and silver still reliable --- Jumped from 61 to 31, all the bulls have probably laid flat --- Macro is so chaotic, putting all eggs in one basket is indeed asking for death --- The 88k level will be tested repeatedly again, isn't it annoying --- Only when it reaches 100k-103k can it turn around, feels like we have to wait a long time --- I didn't expect Coinbase to drop 5.5, if this trend continues, BTC will have to be tossed around for a while longer --- Liquidity tightening is the harshest blow to new assets --- Tariffs, bonds, liquidity, these three together can kill any upward trend

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0xLuckbox

· 01-21 14:45

Gold dances while Bitcoin gets beaten, this is the true story of liquidity tightening. Going to break new lows again? The 100k level feels increasingly out of reach. Traditional precious metals are still tough, in critical moments Bitcoin has to step aside. The index jumped from 61 to 31, the bulls are really stunned. It feels like this round of correction has just begun, and we still need to stay patient. Last year, everyone was hyping digital gold, now it’s being pressed down by real gold. Don’t just focus on BTC anymore, it’s time to diversify your portfolio. With such chaotic macro conditions, betting everything on a single asset? What are you thinking? Holding the 88k level is already good enough. Gold prices hitting new highs while Bitcoin is falling, this is a real comparison.

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OnchainArchaeologist

· 01-21 14:37

Gold is stealing the spotlight, and my BTC has been pushed to the floor again. Is this the joke of "digital gold"?

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GasFeeCrier

· 01-21 14:30

It has dropped again and again, this time it really hurts a bit, brothers. Gold and silver are happily dancing over there, while our digital gold is actually trapped, isn't that ironic? 293 billion in open interest, are traders getting anxious? Diversification should have been done a long time ago, don't wait until now to regret it. 88k really feels like a curse, every time I have to try it. Let it fall, anyway, in the long run, as I always say, the real test of HODL is here. This macro environment is so messed up, no one can expect to pass easily.

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