BTC (Bitcoin) down 1.10% in the past 24 hours, currently at $91,353.06

Gate News Bot Message, January 08, According to CoinMarketCap data, at the time of press, BTC (Bitcoin) is trading at $91,353.06, down 1.10% in the past 24 hours, with a high of $94,762.07 and a low of $87,399.41. The 24-hour trading volume reached $39.72 billion. The current market capitalization is approximately $1.82 trillion.

Bitcoin is an innovative payment network and a new form of currency. BTC operates on peer-to-peer technology, without the need for a central authority or bank involvement; transaction management and Bitcoin issuance are handled collectively by the network. Bitcoin is open-source, with its design publicly available. No one owns or controls Bitcoin, and anyone can participate. Through its many unique attributes, Bitcoin supports fast peer-to-peer transactions, global payments, and low processing fees.

Recent important news about BTC:

1️⃣ Market Structure Optimization but Short-term Adjustment Pressure Remains After the deleveraging event at the end of 2025 and the year-end expiration cycle, the Bitcoin market has effectively cleared residual positions in spot, futures, and options markets, significantly resetting market structural constraints. The options market has shifted to a bullish stance, skewness is normalizing, and volatility has bottomed out, indicating the market is transitioning from defensive behavior to risk-taking. However, in the short term, key resistance remains in the $94,700 to $96,000 range, requiring a daily close above this level to retest the all-time high. The current price retracement to $91,353 suggests the market is still building a bottom.

2️⃣ Large Liquidation Pressure and Institutional Position Changes In the past 24 hours, the entire network experienced liquidations totaling $324 million, with long positions accounting for 75.8%. A whale who accumulated a profit of $96.67 million through ETH swing trading closed out at an average price of $91,158, liquidating 3,846 BTC and incurring a loss of $3.8 million. Meanwhile, BlackRock withdrew 3,040 BTC (worth $277 million) and 61,359 ETH from exchanges within 8 hours, indicating some institutions continue to accumulate spot assets. Liquidation data shows that if BTC breaks above $95,845, it will trigger $2.303 billion in short liquidations; conversely, falling below $87,397 will trigger $1.59 billion in long liquidations. The market remains in a sensitive technical zone.

3️⃣ Institutional Allocation Needs and Long-term Holding Trends During the reporting period, the US spot Bitcoin ETF experienced a net outflow of 970 BTC, reflecting short-term profit-taking pressure among institutions. Meanwhile, listed mining and asset management companies such as BitFuFu, LM Funding, and BTCS continue to increase Bitcoin reserves. The total mining output for 2025 remains stable, and institutional consensus on the value of long-term holding remains solid. A super whale holding 30,060 stETH deposited 15.5 million USDC into Hyperliquid over the past 33 hours for long positions, opening 2,070 BTC and setting a take-profit at $93,300, demonstrating large funds’ expectations for a rebound and indicating renewed market participation enthusiasm.

This message is not investment advice. Investors should be aware of market volatility risks.