Bitcoin’s Bounce Looks Fragile After A Week Of Forced Crypto Selling

This is part of The Rio Times’ daily coverage of cryptocurrency markets and Latin American financial markets.

Key Points

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1. Bitcoin steadied near $89,700 after a $87,304–$90,379 swing, but the week stayed negative.

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2. ETF flow turned into a headwind, with US spot Bitcoin ETFs showing a -$708.7 million day on Jan. 21.

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3. Charts show weak momentum across timeframes, with $87,000 the near-term line that matters.

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\nBitcoin tried to calm down on Thursday morning, but the tape still looked bruised. A broad feed had BTC near $89,768, after an overnight low near $87,304 and a high near $90,379.
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\nThe charts confirm the same zone. On Bitstamp, the daily candle showed O $89,373, H $90,254, L $89,373, and C $89,722.
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\nThe four-hour chart printed O $89,735, H $89,877, L $89,721, and C $89,722. Small differences versus other feeds are normal across venues and timestamps.
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\nThe weekly picture stayed heavy. Your weekly candle showed O $93,627, H $93,632, L $87,193, and C $89,736, down about 4.17% for the week so far. That weekly low near $87,193 matters. It is the area buyers defended during the washout.
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\nProfessional explanations did not change much. They leaned on macro risk-off, tariff headlines, and tighter financial conditions that punish leveraged bets.
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Liquidations and ETF outflows pressure bitcoin

\nA liquidation wave added its own fuel. Total liquidations were reported around $1.09 billion, with the vast majority tied to long positions getting forced out.
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\nETF flow helps explain why bounces feel thin. US spot Bitcoin ETFs were reported at about -$708.7 million for Jan. 21. US spot Ethereum ETFs were reported at about -$287 million for the same date.
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\nMomentum indicators stayed weak, not catastrophic. Your weekly RSI sat near 40.93. The daily RSI was near 44.37. The four-hour RSI was near 38.24, after an earlier oversold dip. Those readings fit a market that can bounce, then stall.
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\nThe map is now simple. Hold above the $87,000 area, and Bitcoin can keep chopping near $90,000. Lose it again, and the market will start talking about $85,000 first.

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Digital assets
Jul 16, 2026 · 00:01

Bitcoin · benchmark

64,599
-0.55%

L 64,389day rangeH 64,794

-45.60% over 12 months

Market breadth · 17 names

47% advancing

8 ▲ advancing9 declining ▼

Currencies, rates & key inputs

Ethereum

1,924

+1.82%

Solana

77.06

-0.90%

Gold

4,035

-0.65%

USD / BRL

5.08

+0.06%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
BTC	64,599	-0.55%	-45.60%	64,956	64,794	64,389	27,430,604,800
ETH	1,924	+1.82%	-42.94%	1,889	1,924	1,908	12,638,519,296
SOL	77.06	-0.90%	-55.64%	77.76	77.38	76.76	2,079,999,872
XRP	1.12	+0.47%	-63.29%	1.11	1.12	1.11	1,194,871,040
BNB	580.06	-0.29%	-18.09%	581.76	581.52	578.07	1,168,170,624
ADA	0.17	+0.53%	-78.26%	0.17	0.17	0.16	304,719,136
DOGE	0.07	-0.16%	-65.07%	0.07	0.07	0.07	629,132,160
AVAX	6.72	+0.34%	-70.36%	6.70	6.72	6.67	209,080,192
LINK	8.52	+2.18%	-48.89%	8.34	8.54	8.46	292,715,712
DOT	0.85	-0.56%	-79.63%	0.85	0.85	0.84	89,111,392
LTC	45.30	-0.30%	-53.54%	45.43	45.30	44.96	307,198,112
BCH	223.28	-5.59%	-55.28%	236.49	223.51	220.41	151,542,432
TRX	0.32	-0.36%	+4.81%	0.33	0.32	0.32	538,148,096
XLM	0.19	+2.20%	-58.44%	0.18	0.19	0.19	206,481,088
HBAR	0.07	+0.66%	-71.33%	0.07	0.07	0.07	48,190,012
NEAR	2.07	+2.88%	-24.40%	2.01	2.08	2.05	192,388,944
ATOM	1.55	-0.64%	-67.31%	1.56	1.56	1.54	25,188,688
AAVE	96.62	-2.29%	-70.12%	98.88	96.62	95.55	215,236,720

Largest moves today

BCH
223.28
-5.59%

NEAR
2.07
+2.88%

AAVE
96.62
-2.29%

XLM
0.19
+2.20%

LINK
8.52
+2.18%

ETH
1,924
+1.82%

SOL
77.06
-0.90%

HBAR
0.07
+0.66%

The session read

The Bitcoin eased 0.55%, with breadth negative — 8 of 17 names higher. NEAR led, while BCH lagged.

From The Rio Times

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