BTC (Bitcoin) down 2.71% in the past 24 hours

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BTC0,33%

Gate News Bot Message, January 26th, according to CoinMarketCap data, as of press time, BTC (Bitcoin) is trading at $86,734.32, down 2.71% in the past 24 hours, with a high of $92,798.43 and a low of $86,429.29. The 24-hour trading volume reached $37.262 billion. The current market capitalization is approximately $1.73 trillion, a decrease of $48.354 billion from yesterday.

Recent important news about BTC:

1️⃣ Derivatives Market Liquidation Pressure Intensifies, Bulls Face Risk Exposure Over the past 24 hours, total contract liquidations across the network ranged from $110 million to $130 million, with BTC liquidations amounting to $23.13 million to $30.75 million. Long positions were liquidated significantly more than short positions, indicating that bulls are under considerable pressure during the price correction. According to liquidation intensity data, if BTC falls below the $83,949 to $85,531 range, the main CEXs’ long position liquidation strength could reach $653 million to $880 million, forming a potential support and risk zone. Meanwhile, a breakout above $91,854 to $93,535 would trigger short position liquidations of $690 million to $1.323 billion, indicating strong technical resistance above.

2️⃣ On-Chain Exchange Liquidity Hits New Low Since 2022, Market in “Liquidity Pause” Stage The total internal exchange flow of Bitcoin has dropped to its lowest level since 2022, approximately 14,000 BTC. The reduced internal exchange flow reflects weakened market-making activities and decreased arbitrage, pointing to a severe contraction in market liquidity. Historical data shows that the liquidity pause stage often precedes sharp directional moves following market recovery, suggesting the current market may be in a key period of energy accumulation and awaiting a breakout direction.

3️⃣ Institutional Allocation Continues Strong, Whales and Professional Funds Show Increased Holdings Whales holding at least 1,000 BTC have increased their holdings by 104,340 BTC, reaching a four-month high of 7.17 million BTC. The BlackRock Bitcoin Spot ETF (IBIT) still recorded over $6 billion in net inflows despite a roughly 24% price pullback, demonstrating institutional investors’ firm confidence in Bitcoin’s long-term value. Additionally, Colombia’s second-largest pension management firm plans to launch a Bitcoin exposure fund for long-term asset allocation, indicating traditional institutions are accelerating their entry into the crypto market and injecting new incremental capital.

This message is not investment advice; please be aware of market volatility risks.

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