Bitcoin falls below $90,000, risk aversion sentiment heats up, suppressing rebound momentum

NonFungibleDegen · 2026-01-08T13:30:13+00:00

Bitcoin prices have continued to decline recently, with a quote of $89,881 on January 8th, a decrease of 2.4%. Market sentiment has shifted, with daily liquidation exceeding $477 million. Investors' risk aversion is high as they await the release of US employment data. Bitcoin struggles to break through $90,000, and spot ETFs are also experiencing capital outflows, further increasing downward pressure.

NonFungibleDegen

2026-01-08 13:30:13

Abstract generation in progress

【Blockchain Rhythm】 Bitcoin prices have recently been under continuous pressure, and the optimistic expectations at the start of the new year are gradually fading. As of January 8, Bitcoin dropped 2.4% in 24 hours, trading at $89,881, with the weekly gains almost completely wiped out. The shift in market sentiment is also reflected in the capital aspect — the total liquidation scale on the network in a single day has exceeded $477 million.

The psychological barrier of $90,000 appears particularly fragile. A chief analyst at a major exchange pointed out that Bitcoin falling below this key level precisely reflects the diminishing momentum at the beginning of the year. The new capital allocations and geopolitical favorable factors in early January initially supported the market, but subsequent trends show that these positives are not sustained enough to support a full rebound.

Deeper issues lie in the obvious cooling of global risk appetite. An operations manager at some derivatives trading platforms analyzed that, despite a good start to the year and continuous structural positives, Bitcoin is stuck above $90,000 and struggles to break through. The fundamental reason is that market risk-averse sentiment continues to rise — investors are waiting for key macro indicators like US employment data, which significantly suppresses risk appetite. This cautious attitude is directly reflected in the market, with Bitcoin frequently oscillating around $90,000 and occasionally breaking below.

Changes in capital flow further confirm the market’s fatigue. Recently, spot Bitcoin ETFs have experienced outflows again, with the US Bitcoin spot ETF recording a net outflow of $243 million in a single day, and this capital withdrawal undoubtedly intensifies the recent pullback pressure.

BTC0,22%

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ILCollector

· 17h ago

Has it dropped below 90,000 again? I’ve already said that the New Year’s market trend is unreliable. --- 4.77 billion liquidation, how many people got trapped this time… --- The psychological defense line is fragile, it’s basically that no one is willing to take the buy-in. --- Risk appetite cooling down, in simple terms, it’s because there’s no money left; retail investors have already fully entered. --- New capital allocation? Everyone’s cutting losses in the朋友圈, where would the new funds come from? --- That’s why I dislike hype at the beginning of the year; it’s always like this. --- If 90,000 can’t hold, and 80,000 can’t either, where’s the next psychological level? --- Geopolitical good news can’t save it either, indicating there are indeed fundamental issues. --- Looking at history, it’s always half bear market, why deceive ourselves? --- Why are derivatives trading platforms still talking nonsense? The good news has never really stopped.

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SerRugResistant

· 01-08 13:58

90,000 really can't hold? Is it going to drop again this wave? Happy New Year directly turns into a New Year on the brink of collapse

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GasDevourer

· 01-08 13:57

90,000 this threshold isn't as tough as imagined; once liquidity loosens, it collapses immediately. Loss of 477 million, this wave of retail investors got what they deserved. Is the New Year bonus gone so quickly? It’s just a fireworks market, after all. Lower risk appetite, so be it. Anyway, I already closed my positions. Loss of 477 million, some people are going to cry themselves to sleep. This psychological defense line is too fragile; the next step is to see if we can hold onto 8.8. New funds are entering the market to take over; old businesses should consider changing industries.

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down_only_larry

· 01-08 13:53

It's the same old story... If 90,000 breaks, it breaks. Anyway, every time they say "mental defense line," but next time it still breaks.

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ChainComedian

· 01-08 13:37

90,000 broke again, washed out once more haha 477 million liquidation, someone should be having soup today New capital allocation? Sounds just like a synonym for bagholder Global risk appetite cooling down, in other words, no one dares to leverage anymore Psychological defenses are fragile, what a joke, this is the market shaking out the weak hands Such a large liquidation scale, the bears are really bloodsucking Forget it, better to stay on the sidelines, this atmosphere feels off

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