Overview
- Bitcoin fell to roughly $88,000–$89,000 as 24‑hour liquidations ranged from about $700 million to over $1 billion, with CoinGlass showing a heavy skew toward long positions.
- Selling pressure followed fresh U.S.–EU tariff threats from President Donald Trump and higher global yields, with Japan’s bond market volatility adding to risk reduction.
- Altcoins lagged Bitcoin, with Ethereum slipping below $3,000 and broader tokens such as Solana, XRP and Dogecoin extending losses.
- Spot demand and institutional activity continued, including ongoing ETF inflows and exchange withdrawals; MicroStrategy disclosed a 22,305 BTC purchase at an average price near $95,500.
- Traders are watching the $90,000–$88,000 zone and upcoming catalysts such as Davos, U.S. GDP and PCE data, and the Bank of Japan meeting, while some analysts flag downside targets into the $71,000–$84,000 band or lower in bearish scenarios.