Bitcoin (CRYPTO: BTC) is back above $89,000 after a volatile trading day that saw the crypto king tap $88,000 and $90,000 in one session.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $89,772
Ethereum (CRYPTO: ETH) $3,010
Solana (CRYPTO: SOL) $130.39
XRP (CRYPTO: XRP) $1.96
Dogecoin (CRYPTO: DOGE) $0.1269
Shiba Inu (CRYPTO: SHIB) $0.057969

Notable Statistics:

  • Coinglass data shows 179,931 traders were liquidated in the past 24 hours for $807.30 million.       
  • In the past 24 hours, top gainers include Canton, MYX Finance and LayerZero.

Notable Developments:

Trader Notes: Trader Michael van de Poppe said Bitcoin is still holding a key support level after sweeping liquidity below recent lows.

With substantial liquidity resting lower and ample time remaining ahead of the Bank of Japan policy decision, he noted that a move toward $83,000 remains possible before any upside reversal.

CryptoCon observed that Bitcoin’s Fear and Greed Index has shifted into “Fear,” after spending December 2025 in “Extreme Fear.”

The technical analyst cautioned that extreme fear does not automatically mark a buying opportunity, noting that after extended periods of greed, such shifts often signal a broader trend change.

The data shows that the market cycle appears complete, similar to prior cycles in which extreme greed was followed by high-timeframe bearish divergence.

Based on historical patterns, the current drawdown suggests the bear market may be approximately 20%–30% complete.

Analyst Kevin said Bitcoin is beginning to break down from a bear flag formation on the daily timeframe. He added that capital flows remain weak and do not yet support a sustained move higher.

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