The U.S. December non-farm payroll report is set to be revealed this Friday (January 9th), and global markets have already fallen into an eerie silence. This "holding position" stance is making nerves tense — any disturbance could be infinitely amplified, potentially triggering a domino effect chain reaction.
**Key Support Levels Breached Successively, Rebound Ends Dramatically**
Over the past 24 hours, Bitcoin has retreated step by step. It first fell below the critical defense line of $92,000, then immediately lost the $91,000 level — the first time since entering January that this round number support has been breached. From a technical perspective, this is more than just a simple correction. More precisely, the entire rebound structure has been completely destroyed. The market's center of gravity has clearly shifted downward, and short-term narrative control has been handed to the bears.
**"Malfunction" Signals in Sentiment and Capital**
On the sentiment front, the Fear & Greed Index is now stuck at 42 — better than the previous extreme panic, but still firmly entrenched in the "fear zone." Faced with heavyweight macro events like non-farm payrolls, this emotional atmosphere is prone to further ignition, converting into real selling pressure.
Capital flow signals are equally thought-provoking: Bitcoin spot ETFs have suffered outflows again, while Ethereum ETFs continue to attract capital inflows. What does this divergence indicate? Institutional investors' risk assessments of core crypto assets are not uniform, and the market lacks clear consensus.
**Synchronized Risk Sentiment Across Global Assets**
It's worth noting that this current adjustment is not an isolated event in the crypto market. Overnight, global asset prices simultaneously played out risk avoidance, with the crypto market being just a microcosm of this larger volatility.
Non-farm payroll is here, the market is about to explode...If 92k breaks, we'll know what happens next. The bears this wave are really fierce.
BTC is flowing out of ETFs, but ETH is still accumulating...Even institutions haven't made up their minds, let alone us retail traders.
The fear index at 42 shows everyone is waiting for that black swan moment.
Honestly, this silent period is the hardest to endure. It's more frustrating than a direct crash.
If Friday's non-farm data brings another curveball...the dominoes could really start falling.
With such serious divergence among institutions, it looks like no one dares to take the bid anymore.
The U.S. December non-farm payroll report is set to be revealed this Friday (January 9th), and global markets have already fallen into an eerie silence. This "holding position" stance is making nerves tense — any disturbance could be infinitely amplified, potentially triggering a domino effect chain reaction.
**Key Support Levels Breached Successively, Rebound Ends Dramatically**
Over the past 24 hours, Bitcoin has retreated step by step. It first fell below the critical defense line of $92,000, then immediately lost the $91,000 level — the first time since entering January that this round number support has been breached. From a technical perspective, this is more than just a simple correction. More precisely, the entire rebound structure has been completely destroyed. The market's center of gravity has clearly shifted downward, and short-term narrative control has been handed to the bears.
**"Malfunction" Signals in Sentiment and Capital**
On the sentiment front, the Fear & Greed Index is now stuck at 42 — better than the previous extreme panic, but still firmly entrenched in the "fear zone." Faced with heavyweight macro events like non-farm payrolls, this emotional atmosphere is prone to further ignition, converting into real selling pressure.
Capital flow signals are equally thought-provoking: Bitcoin spot ETFs have suffered outflows again, while Ethereum ETFs continue to attract capital inflows. What does this divergence indicate? Institutional investors' risk assessments of core crypto assets are not uniform, and the market lacks clear consensus.
**Synchronized Risk Sentiment Across Global Assets**
It's worth noting that this current adjustment is not an isolated event in the crypto market. Overnight, global asset prices simultaneously played out risk avoidance, with the crypto market being just a microcosm of this larger volatility.