Bitcoin Slips Toward A Key Support Test As Risk-Off Fear Hits Crypto
This is part of The Rio Times’ daily coverage of cryptocurrency markets and Latin American financial markets.
Key Points
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- Bitcoin traded near $89,110 after a $87,897–$91,320 swing; perps showed $89,076, down about 2.35%.
- ETF outflows and liquidation selling replaced the usual excuses, as macro fear hit all risk assets.
- Charts are oversold short-term, but $88,000 is the gate before $85,000, $80,000, and the $76,000 debate.
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\nBitcoin hovered around $89,110, after dipping near $87,897 and probing about $91,320.
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\nThe tone came from outside crypto. Coverage tied the move to renewed tariff threats and falling equities, while money rotated toward gold and silver.
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\nLeverage made the drop sharper. Market commentary put liquidations near $1 billion, with Bitcoin and Ethereum doing most of the damage.
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\nFlows then confirmed the stress. U.S. spot Bitcoin ETFs posted about $479.7 million of net outflows on Jan. 20. U.S. spot Ethereum ETFs shed about $230.0 million the same day.
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\nProfessional takes converged. A Delta Exchange analyst blamed macro headwinds and geopolitics. CoinSwitch pointed to US-Europe trade tensions. Giottus’s CEO cited a lack of fresh inflows and slower institutional allocation.
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\nMudrex noted Bitcoin near $89,000 as Ethereum lost $3,000. A WazirX founder said large caps are tracking global risk assets, not crypto narratives.
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Oversold bounce risks still dominate
\nThe technical picture is consistent with that caution. Weekly prints showed O $93,627, H $93,632, L $87,777, C $89,018, with RSI near 40 and a long-term average near $57,805.
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\nDaily RSI sat near 42. Four-hour RSI sank near 27, an oversold zone that often sparks short covering, not a new uptrend.
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\nFor bears, the map is simple. Lose the high-$87,000s, and $85,000 becomes the next test. Break that, and $80,000 becomes the magnet, with $76,000 back on the table.
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\nAltcoin action was scattered. NAORIS surged about 84%, RIVER rose about 22%, AXS gained about 21%, and ARC jumped, while XAUT climbed with bullion. On the downside, XMR fell about 15% and BERA about 11%, while ETH was about 5% lower in perps.
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\nBy the tape, ETH traded near $2,966, SOL near $127.48, XRP near $1.907, LTC near $68.84, and ZEC near $353.16. ZEC’s weakness also carried a governance overhang tied to a developer-team resignation dispute.
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Live Market IntelligenceCrypto — Live Market Board
Rio Times · Live Market Intelligence
Crypto — Live Market Board
+0.12%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 63,978 | +0.12% | -45.79% | 63,899 | 63,978 | 63,854 | 21,166,635,008 |
| ETH | 1,847 | +0.34% | -47.99% | 1,841 | 1,847 | 1,839 | 7,743,800,320 |
| SOL | 74.96 | -0.07% | -57.75% | 75.01 | 75.34 | 74.82 | 1,349,107,968 |
| XRP | 1.09 | +0.14% | -68.11% | 1.09 | 1.09 | 1.09 | 853,892,288 |
| BNB | 567.88 | +0.02% | -22.24% | 567.76 | 568.51 | 566.18 | 1,125,460,992 |
| ADA | 0.17 | -0.09% | -79.60% | 0.17 | 0.17 | 0.17 | 412,113,472 |
| DOGE | 0.07 | -0.18% | -69.36% | 0.07 | 0.07 | 0.07 | 415,402,144 |
| AVAX | 6.59 | +0.15% | -71.99% | 6.58 | 6.65 | 6.58 | 215,272,576 |
| LINK | 8.26 | +0.02% | -53.76% | 8.26 | 8.29 | 8.24 | 229,331,152 |
| DOT | 0.84 | -0.69% | -80.07% | 0.85 | 0.85 | 0.84 | 81,787,216 |
| LTC | 45.53 | +0.86% | -55.26% | 45.14 | 45.63 | 45.06 | 240,512,304 |
| BCH | 218.52 | -0.55% | -57.55% | 219.73 | 219.82 | 218.19 | 124,156,096 |
| TRX | 0.32 | +0.03% | -1.08% | 0.32 | 0.32 | 0.32 | 334,843,552 |
| XLM | 0.19 | -0.19% | -59.70% | 0.19 | 0.19 | 0.18 | 106,660,640 |
| HBAR | 0.07 | +0.66% | -74.43% | 0.07 | 0.07 | 0.07 | 39,318,472 |
| NEAR | 1.92 | -0.39% | -31.63% | 1.93 | 1.94 | 1.91 | 157,230,560 |
| ATOM | 1.50 | -0.56% | -69.10% | 1.51 | 1.51 | 1.49 | 24,176,974 |
| AAVE | 88.37 | -1.76% | -72.84% | 89.96 | 90.15 | 87.71 | 191,574,832 |
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