2026-01-09 00:24:01

January 9, 2026, the crypto market has once again entered a painful period. Over the past day, prices have continued to fluctuate downward, and market sentiment has hit rock bottom—the Fear & Greed Index dropped to 28, plunging into "Extreme Fear." The total market capitalization hovers between $3.1 trillion and $3.2 trillion, shrinking by 1-3% compared to the previous day. Bitcoin's dominance remains around 57%, indicating that funds have not significantly shifted into altcoins.

The market crash didn't happen out of nowhere. Upon deeper analysis, three main factors are fueling the decline:

First, the U.S. Supreme Court is set to rule this week on the case regarding Trump's general tariffs, and all market participants are awaiting the outcome. Uncertainty itself is a killer; investors prefer to stay on the sidelines rather than make reckless moves.

Second, institutional investors are starting to realize profits. Bitcoin spot ETFs saw a net outflow of $480 million within 24 hours, indicating large funds are gradually exiting. The short-term profit-taking appetite far exceeds confidence in holding positions, directly increasing market volatility.

Third, Japan has dealt a blow. The 10-year Japanese government bond yield has risen to 3.5%, providing a new destination for arbitrage funds—why take risks with cryptocurrencies when you can invest in relatively stable Japanese bonds? As a result, a large amount of capital is leaving the crypto market.

From a technical perspective, Bitcoin is currently stuck at the critical $90,000 level. If it can't hold this, the next support level will be around $87,000. But with the current unclear direction and such intense volatility, the psychological pressure on traders is enormous. Whether going long or short, the risks are outrageously high. Under these circumstances, the most rational choice is to hold cash and wait for a genuine entry opportunity.

BTC-6,1%

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FlippedSignal

· 01-10 17:37

Here it comes again, this wave of decline is ridiculous. Institutions really have no loyalty at all. --- Japanese government bonds with a 3.5% yield. Damn, no wonder funds are fleeing. --- If we can't hold onto $90,000, let's just wait for $87,000. Cash is king anyway. --- Fear index at 28? Time to start buying the dip, everyone, or continue to watch from the sidelines. I just can't understand the direction. --- Bitcoin dominance is still 57%, which indicates smaller coins are even worse off. Feels like there's no chance for a turnaround. --- The result of Trump's tariff case might give us some relief. Right now, we just can't afford to gamble with money. --- $480 million outflow. Big players are fleeing, retail investors are still gritting their teeth. This is the current market situation.

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LostBetweenChains

· 01-09 10:33

Another familiar crash, why is ETF net outflow so strong, have the institutions really run away? --- The fear index of 28... Is it really time to buy the dip or continue cutting the leeks? --- Japanese government bond yields are rising so high, no wonder funds are flowing there. Who still cares about BTC? --- If $90,000 can't hold, then it will be 87K. It feels like the last straw is coming. --- Cash is king, not a joke. Moving in any direction at this time is just asking for death. --- The tariff case hasn't even been announced yet, and it's already like this. When the ruling comes out, it might be directly wiped out. --- Bitcoin dominance at 57% is still so stable, indicating that big players are all watching. It's too uncomfortable. --- I no longer believe in holding or selling coins. Just waiting for a rebound.

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StakeOrRegret

· 01-09 00:52

Once again, we've been cut. Will the index 28 continue to fall? Even Japanese bonds are more attractive than cryptocurrencies. Are big funds really leaving?

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FlyingLeek

· 01-09 00:50

Here we go again, this rhythm is really a bit desperate. Institutions are running away one after another, while we're still holding on here. 3.5% on the daily bond? No wonder funds are all flowing out; who would still take this risk? Let's wait and see. Anyway, there's no escaping, just watch how cheap it can get. Honestly, I'm a bit numb to the 28 fear index. If we can't break 90,000, it's really a bit of a worry. When can we stop being led around by these policies and institutions?

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GasGrillMaster

· 01-09 00:41

It's that time again—just hold onto your cash and wait for the storm to pass.

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BagHolderTillRetire

· 01-09 00:32

Here we go again, this drop is really extreme... Are institutions collectively fleeing? Wait, what are we waiting for? We should have known the outcome long ago. The 3.5% Japanese government bond yield is indeed attractive, no wonder funds are flowing there. If we can't hold 90,000, it's over—just go straight to 87,000. I think we still need to keep observing; this rhythm is too chaotic.

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BlockchainNewbie

· 01-09 00:25

Damn, the fear index at 28... I really can't hold it together this time. Japan's 3.5% bond yield is really taking away our market share. Institutions are fleeing, retail investors are crying, this rhythm is all too familiar... Let's wait for Trump's tariff ruling; anyway, holding cash now is no different from holding a knife. Can we really hold the 87,000 line? I'm a bit skeptical. Instead of guessing the top or bottom, it's better to accumulate some USDT and see. This round of fear is real; funds are flowing into stable yields... no wonder everyone is like this.

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