Benson Sun: Bitcoin may fluctuate between $85,000 and $95,000, with still insufficient interest from off-chain funds.

BTC-4,71%

BlockBeats News, January 22 — Crypto KOL and former FTX community partner Benson Sun stated, “Trump once again ‘TACO’ (Trump backing down at the last minute), but US stocks have already rebounded to the starting point of the decline, while Bitcoin remains significantly below the initial drop point. Currently, off-chain funds still show little interest in BTC, making it difficult to break through $100,000. The subsequent market may fluctuate widely within the range of $85,000 to $95,000. He warned that bulls should avoid overconfidence and focus on flexible trading.”

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin On-Chain Activity Falls to Six-Month Low, Raising Red Flags for Traders

The crypto market woke up to a quiet but worrying signal this week. On-chain activity for Bitcoin (BTC) has been depressed for six straight months. The observation, first highlighted by CryptoQuant, isn’t just a dry statistic. Historically, stretches such as this have coincided with tougher price ac

BlockChainReporter5m ago

CME Positioning Flip Signals Potential Bitcoin Rally Toward $85K

_Hedge funds reduce BTC shorts as leverage resets, setting up a potential path toward $85K if momentum builds._ CME Bitcoin futures data has once again caught the eye of market participants. As spotted by market observers, the current structure resembles setups that preceded major upside

LiveBTCNews38m ago

OpenClaw Creator Bans Bitcoin, Crypto Chatter After Joining OpenAI

In brief OpenClaw’s Discord now bans any mention of Bitcoin or cryptocurrency. Steinberger says token promoters and scams drove the crackdown. The policy comes as he begins working at OpenAI. After his app went viral earlier last month, Peter Steinberger—the creator of the buzzy AI

Decrypt58m ago

Beyond Bitcoin: Arizona Bill Includes XRP and Digibyte in New Strategic Fund Proposal

The Arizona State Legislature has advanced a bill to create a digital assets strategic reserve fund, which would hold seized or surrendered cryptocurrencies such as bitcoin and XRP. Management and Investment Oversight The Arizona State Legislature recently advanced a bill to establish a

Coinpedia1h ago

Data: If BTC breaks through $67,967, the total liquidation strength of mainstream CEX short positions will reach $1.413 billion.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $67,967, the total liquidation strength of long positions on major CEXs will reach $1.413 billion. Conversely, if BTC drops below $61,742, the total liquidation strength of short positions on major CEXs will reach $1.029 billion.

GateNewsBot1h ago
Comment
0/400
EMR16vip
· 01-22 06:44
Buy for earning 💎
View OriginalReply0
EMR16vip
· 01-22 06:44
Vibe at 1000x 🤑
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)