Bitcoin’s price fell from $95,500 to $87,500 within about 48 hours and has dropped by more than $10,000 since reaching a multi-month peak of $98,000 in the middle of last week. On-chain data indicates that wallets holding under 0.01 BTC sold around 132 BTC over the past 9 days, while larger “whale” and “shark” wallets with 10‑10,000 BTC accumulated 36,322 BTC, worth roughly $3.2 billion at current prices. Over the same period, gold and silver pushed to new highs, with gold nearing $4,900 per ounce and silver approaching $100.

On 21 January 2026, Delaware Life Insurance Company introduced a fixed index annuity option that adds the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its lineup. The product blends U.S. equities with Bitcoin exposure via the iShares Bitcoin Trust ETF while targeting a 12% volatility level and preserving principal. The index is offered within the Momentum Growth, Momentum Growth Plus, and DualTrack Income annuities, extending Bitcoin-linked growth features to retirement planning products.

Bitcoin traded around $89,400–$89,500, down 1.6% on the day and nearly 6% for the week, remaining below the $90,000 threshold. Total crypto market value slipped to roughly $3.02 trillion, while major altcoins such as Ethereum and Solana posted deeper weekly losses, reinforcing risk‑off sentiment.

Bitcoin is currently trading around $89K, directly on the $89.8K–$90K cost basis zone of short-term holder cohorts 0D–1D and 1W–1M, making this area a key on-chain support. If this band holds, it could enable market stabilization, while a break below would push both fresh cohorts underwater and increase short-term selling pressure. At the same time, STH MVRV is at 0.897 and moving toward the 0.875 lower bound of its 155-day range, a zone that has often aligned with local bottoms.

On Tuesday, Jameson Lopp shared data indicating X posts mentioning "Bitcoin" dropped 32% to 96 million in 2025 versus 2024. Google Trends also showed waning search interest after November 2024, while sentiment gauges in early 2026, including Santiment and CryptoQuant metrics, pointed to persistent caution despite price gains.

Bitcoin slid 4% on Tuesday to $87,790 on Coinbase, erasing year-to-date gains. Over the past 48 hours, more than $1.8 billion in positions were liquidated, about 93% of them longs, according to Coinglass. Analysts pointed to renewed U.S. tariff threats and turmoil in Japanese bonds as drivers, while crypto's market cap dropped by $225 billion to $3.08 trillion.

Bitcoin has held above $80k for nearly 60 days, a setup that previously preceded breakouts since 2023. A 60-day price coil and a CFGI 30/90-day crossover in early 2026 point to a possible rally, while a trader sees scope for $107k; momentum remains above neutral.

Bitcoin fell below $90,000 after losing the $92,500 support, touching $87,784 before consolidating. Traders are watching $88,000 on the downside and resistance at $89,600, $90,000, and $91,650; a close above $91,650–$92,000 could target $94,000, $94,200 trend line resistance, and $95,000–$95,500, while failure risks $88,800, $87,500, and $86,200.