On Tuesday, Bitcoin fell below the $90,000 level, prompting fresh debate about whether a full bear market is developing. Analyst Raun Neuner compared Bitcoin’s current cycle with past post‑Halving patterns, noting previous peaks occurred about 532 days after each Halving and were followed by 70%–80% drawdowns. Based on that framework and the recent high near $125,000, he outlined a potential downside scenario toward $37,000, while other market watchers flagged $84,000–$85,000 and the 200‑week moving average around $57,000 as key support zones.

SkyBridge Capital has shifted its Opportunity Fund toward a roughly 69% macro allocation as of September 30, 2025, after being about 65% invested in crypto and digital assets on March 31, 2025. Founder Anthony Scaramucci said market volatility tied to policy uncertainty under President Donald Trump has supported the firm’s macro performance, while he remains convinced that Bitcoin’s long-term thesis is intact despite a steep pullback from its October all-time high above $126,000.

CryptoQuant contributor Darkfost reports a clear drop in BTC whale inflows to Binance: after end‑November's panic phase saw nearly $8 billion in monthly transfers, current inflows have been cut to around $2.74 billion, signaling softer sell-side pressure. CryptoQuant CEO Ki Young Ju says institutional demand remains strong, citing 577K BTC ($53B) added over the past year.

Bitcoin has pulled back toward the $91,000 area after failing to hold above $95,000, but spot and institutional data indicate that underlying demand remains firm. Spot Taker CVD has turned positive, exchanges have seen about $171.83 million in BTC withdrawals, and U.S. institutions have accumulated roughly $53 billion over the past year, while macro liquidity and tariff risks continue to shape the broader environment.

Bitcoin's recent climb is unfolding with muted retail involvement, according to analysis on X, which noted the market stayed flat for more than a day after President Donald Trump's news before Asian institutional flows moved prices. Creptosolutions highlights key levels at $90,000–$92,000, with $103,000 as a trigger and $85,000–$80,000 as potential downside if $90,000 gives way.

Bitcoin fell below $90,000 as gold traded above $4,755/oz, with Michaël van de Poppe saying on January 19, 2026 that the BTC–gold RSI touched 30, a level last seen at the 2015, 2018 and 2022 lows. Charts highlight support at $88K–$90K and resistance at $100K–$101K, with daily RSI hovering in the mid-40s.

On 21 January 2026, Bitcoin fell below $90,000 as broad crypto selling accelerated. According to market data, it reached about $88,200, nearly 4% lower on the day and more than 6% down for the week, while total market capitalization slipped to roughly $3.02 trillion. Altcoins, including Ethereum and Solana, posted sharper weekly declines.

On January 20, 2026, UBS CEO Sergio Ermotti stated that the next phase of global banking is being designed with Bitcoin and other digital assets at its core. He indicated that major financial institutions are shifting from debating crypto's relevance to figuring out how to integrate it safely and at scale, as banks expand custody, structured products, and research tied to digital assets.