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
-0.26%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 63,384 | -0.26% | -47.24% | 63,552 | 64,346 | 63,305 | 22,774,743,040 |
| ETH | 1,886 | +0.26% | -58.90% | 1,881 | 1,920 | 1,879 | 7,916,475,392 |
| SOL | 75.89 | -0.40% | -60.44% | 76.20 | 76.99 | 75.39 | 1,473,821,056 |
| XRP | 1.01 | -1.15% | -69.07% | 1.02 | 1.02 | 1.01 | 1,144,044,416 |
| BNB | 609.60 | -1.12% | -26.81% | 616.50 | 619.30 | 609.23 | 1,266,706,432 |
| ADA | 0.18 | -1.98% | -78.22% | 0.19 | 0.19 | 0.18 | 238,085,632 |
| DOGE | 0.07 | -1.56% | -70.00% | 0.07 | 0.07 | 0.07 | 553,256,192 |
| AVAX | 6.38 | +1.04% | -74.11% | 6.32 | 6.42 | 6.21 | 248,470,560 |
| LINK | 8.77 | -0.06% | -62.73% | 8.77 | 8.87 | 8.68 | 317,054,880 |
| DOT | 0.78 | -0.75% | -81.11% | 0.79 | 0.80 | 0.78 | 43,490,492 |
| LTC | 45.08 | -0.85% | -65.45% | 45.47 | 45.59 | 44.98 | 143,727,712 |
| BCH | 213.85 | +0.10% | -65.44% | 213.64 | 215.69 | 212.54 | 137,956,688 |
| TRX | 0.34 | +0.28% | -4.73% | 0.33 | 0.34 | 0.33 | 436,576,064 |
| XLM | 0.16 | -1.33% | -64.46% | 0.16 | 0.16 | 0.16 | 89,559,864 |
| HBAR | 0.07 | -0.53% | -74.67% | 0.07 | 0.07 | 0.07 | 22,546,186 |
| NEAR | 1.65 | +2.42% | -40.55% | 1.62 | 1.68 | 1.61 | 187,591,264 |
| ATOM | 1.40 | -2.36% | -70.15% | 1.44 | 1.44 | 1.40 | 18,626,964 |
| AAVE | 89.06 | +0.93% | -72.33% | 88.24 | 90.20 | 88.19 | 129,099,704 |
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