Market Analysis:

On January 21, BTC dropped below $89,000, marking the largest single-day decline in half a year. ETH suffered a heavy plunge, falling below $3,000. Over 1.066 billion USD in funds were liquidated across the network within 24 hours! Behind the crash are macro shocks from the sell-off of US Treasuries, US-EU tariff conflicts, and the Greenland crisis, as well as internal pressures from ETF fund outflows and long liquidation.

Core Reasons for the Crash:
1. Historic sell-off of Japanese long-term bonds, escalation of Trump’s tariff threats worsening US-EU trade tensions, coupled with the Greenland crisis, leading global funds to withdraw from risk assets. While US stocks plummeted across the board, cryptocurrencies lost their safe-haven premium, shifting funds into traditional safe-haven assets like gold.
2. Net outflows from Bitcoin spot ETFs, with institutions taking short-term profits. Additionally, over $866 million USD in global bullish bets were forcibly liquidated in the past 24 hours, causing a cascade of long liquidations and further amplifying the decline.
3. BTC repeatedly broke through key support levels, ETH fell below $3,000, triggering technical sell-offs; the crash led to hundreds of thousands of leveraged longs being forcibly closed, creating a vicious cycle of “decline-liquidation-further decline.”

Operational Suggestions:
Buy the dip: Set buy zones at BTC $88,000-89,000 and ETH $2,900-2,950, and gradually build positions after stabilization.
Try short positions: BTC $92,200-92,500, ETH $3,030-3,060 #加密市场回调 #加密市场观察 $BTC $ETH Light positions for shorting, not for anti-positioning.
Special Reminder: In the short term, monitor macro sentiment; in the medium term, watch for institutional fund reflows. At this moment, less action and more observation are more important than blindly bottom-fishing!