Overview
- Bitcoin fell to roughly $88,900–$89,400 for the first time since Jan. 9, putting the $90,000 area in focus as the near-term pivot for direction.
- CoinGlass and other trackers showed roughly $600 million to $1.1 billion in 24-hour liquidations, heavily skewed toward longs, during the Tuesday selloff.
- The drop followed President Donald Trump’s renewed tariff threats toward European countries and escalating rhetoric over Greenland, alongside stress in global bond markets including Japan.
- Major altcoins extended losses as Ethereum slipped below $3,000, Solana traded near $127, and XRP hovered around $1.90, with total crypto market value near $3.0–$3.1 trillion and crypto-linked stocks lower.
- Institutional demand remained a counterweight earlier in the week with strong spot ETF inflows, and Strategy led by Michael Saylor disclosed about $2.13 billion in recent Bitcoin purchases, as traders watch $97,000–$98,000 as resistance and $90,000–$91,000 as support.