2026-01-02 13:25:24

2026 begins, and the cryptocurrency world is once again turbulent. On January 1st late at night, Bitcoin suddenly dropped from $89,000 to $87,000, wiping out nearly 164,000 traders' positions in one go. By the evening of the 2nd, the price rebounded to around $88,600, a barely noticeable increase of over 1% in 24 hours, and mainstream coins like Ethereum also saw a slight retracement.

But this small rebound is far from enough to ease the market's anxiety. Since reaching a historical high of $126,000 in October 2025, Bitcoin has already fallen by nearly 30%. Especially in December 2025, it plummeted about 22% in a single month, marking the worst monthly performance since December 2018. The current situation is quite awkward—liquidity is tight, both bulls and bears are deadlocked at the $88,000 mark, trading volume has nearly halved compared to earlier periods, and the short-term direction remains completely unclear.

BTC1,52%

ETH4,17%

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MerkleMaid

· 10h ago

Back at it again? Dropped from 126,000 to 88,000, losing 30% just like that. I'm still buying at high levels. That operation in December last year was truly incredible, a 22% drop in a single month—straight-up harvest for the reapers. Liquidity is so tight, yet people are still stubbornly holding on. I think most are waiting for a bottom signal. Right now, the market can be summed up in two words: torture. 164,000 people got liquidated, how many had their dreams shattered overnight... This is the real picture of the start of 2026. Can't see the direction clearly +1

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SeeYouInFourYears

· 10h ago

16.4K liquidations, this opening move is quite fierce. Let's see who is bottom-fishing and who is fleeing. --- A 30% drop is truly outrageous. That wave in December brought us back to pre-liberation levels. Luckily, I didn't chase the high. --- With liquidity so tight and trading volume halved, it indicates that big players are also on the sidelines. This is the most dangerous time. --- Repeated tests at the $88,000 mark—feeling like it will either break through or be strongly resisted. There’s no middle ground. --- A 1% rebound and people think they can suppress anxiety? Dream on. It needs to rise back to $100,000 to ease the nerves. --- Falling from $126,000 to now, it must be tough for those buying. I choose to stay on the sidelines and observe.

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HackerWhoCares

· 10h ago

164,000 people liquidated, is this the "surprise" at the start of the year? Can't even smile about it. This drop is quite fierce, from $126,000 to now, feeling uncertain. The 88,000 point is really stuck, no one dares to move. With liquidity so tight, how can there be any direction in the short term? Basically, it's a gamble—betting on who admits defeat first.

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分析师舒琴_

· 10h ago

2026 GOGOGO 👊

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