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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- Bitcoin steadied near $89,700 after a $87,304–$90,379 swing, but the week stayed negative.
- ETF flow turned into a headwind, with US spot Bitcoin ETFs showing a -$708.7 million day on Jan. 21.
- 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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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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