2026-01-09 01:25:32

Last night, after rebounding from a low, Bitcoin's price had risen to around $91,000 at the time of writing. However, earlier it briefly retreated to near $89,300, clearly showing that the bulls attempted to push higher but faced resistance. The day before, Bitcoin even surged close to $95,000, but the market's enthusiasm quickly faded, trading volume dried up, and large holders started to cash out and exit.

Analyst Jake Ostrovskis from professional trading firm Wintermute pointed out the issue: after the risk appetite rebound at the beginning of the year, Bitcoin has failed to hold above the $95,000 level. The bullish and bearish forces are gradually balancing, and most importantly, Bitcoin ETF net outflows have persisted over the past two days, directly causing downward pressure.

The macro environment is also adding to the pressure. The market's expectations for the Federal Reserve to cut interest rates are shrinking. According to the latest data from CME FedWatch, the probability of a rate cut at the January 28 meeting is now only 11.6%—down from 15.5% a week ago and 23.5% a month ago. The rapid cooling of rate cut expectations naturally suppresses risk assets like Bitcoin.

On the technical chart, Bitcoin is testing the 50-day moving average, which is a critical support level, currently around $89,200. This level is almost a litmus test for this rebound; whether it holds or not will determine the short-term trend.

BTC3,05%

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DogeBachelor

· 01-12 01:16

Damn, stuck again at the 89200 level, so annoying. The big players have already left, retail investors are still in a daze. Interest rate cuts are dead, risk assets are all doomed, the logic checks out. Net outflows from ETFs are the real killer, stop guessing blindly. The hype around 95000 was just false fire, it's time to wake up. If I can't break through 89200, I'll admit defeat and wait for another opportunity. Bitcoin has been really weak these past two days, short sellers are happy now. Once CME data is released, everything becomes pointless; reality is this cruel.

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AlwaysMissingTops

· 01-10 20:08

They're acting again. Just touched 95,000 and then ran away. Now they want to trick us into buying the dip? ETF net outflows are the real story; big investors have already liquidated. Why bother debating whether it breaks 89,200? I'm just waiting until 70,000 to act. The probability of rate cuts has plummeted; the Federal Reserve has no intention of easing up at all. This rebound is just a trap to get retail investors to buy in. Wake up, everyone.

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OffchainWinner

· 01-09 01:53

If you can't hold 95,000, it's game over. This wave is going to fall. ETF net outflows are the real killer; big investors have no idea. Interest rate cuts are cooling off; risk assets will all lie flat. Once 89,200 breaks, we’ll have to look at 80,000.

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OnChainSleuth

· 01-09 01:47

95k can't hold steady, we're really in trouble this time ETF net outflows indicate big players have already left, and we're still here picking up the bag No more rate cuts, what else can BTC go up for... If the 89200 level breaks, there's a lot of room to fall, gotta hold it I bet on this wave of retracement

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MetaverseLandlady

· 01-09 01:38

95,000 can't hold steady, if it breaks down, we're probably going to get liquidated across the board. Still dare to push up with ETF net outflows? Dream on. The probability of rate cuts has dropped from 23 to 11, laughable, this is the reality. If 89,200 isn't broken, let's wait a bit longer; anyway, there's no rush now. The big players have already run, and we're retail investors still catching the bag? If this wave drops again, I really need to consider whether to buy the dip or clear out. The bulls are tired, and the bears have no strength either, just holding on like this. Looking at technical charts is not as honest as checking the wallets of big players.

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CafeMinor

· 01-09 01:30

95,000 can't even hold steady, and you still want to push higher? Laughable, the big players have already exited. --- ETF net outflows, this is the real killer. No rate cut in sight makes it even more painful. --- Once the 89,200 level breaks, be cautious; the short-term outlook is really uncertain. --- Every time prices surge, the enthusiasm quickly fades. This round of the market feels a bit weak. --- The probability of a rate cut has dropped from 23% to 11%. No wonder there's selling pressure. --- Bull and bear are in stalemate; no one can move the other. It's pointless.

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