A Bitcoin rally to $92,000 could trigger an estimated $1.15B in cumulative short liquidations across major centralized exchanges, Coinglass data show, BlockBeats reports on Jan. 9. If Bitcoin falls below $89,000, aggregated long liquidations on leading CEXs could reach $944M, the data show. Liquidation maps indicate the relative intensity of each cluster rather than exact contract numbers or notional values, with higher bars signaling that price moves to those levels may produce stronger market reactions.

Bitcoin briefly rose above $91,000 on Jan. 9, HTX market data show. The cryptocurrency declined 0.13% over the 24-hour period, according to the same data.

Bitcoin rebounded to about $90,500 on Jan. 9 after briefly dropping toward $89,300 and testing support near the 50-day moving average around $89,200, CoinDesk reports. Crypto trading firm Wintermute attributed the decline mainly to light volumes and profit-taking, with OTC head Jake Ostrovskis noting that risk appetite faded after an early-year bounce, two-way flows prevailed over the past two days, and ETF outflows dominated; the backdrop also included reduced rate-cut odds, with CME FedWatch showing just 11.6% implied probability of a cut at the Jan. 28 Federal Reserve meeting versus 15.5% a week ago. Derivatives positioning indicates leverage is rising, while perpetual swaps funding remains positive around 0.09%, signaling longs are paying shorts; a funding rate that stays positive during pullbacks suggests traders are using leverage to buy the dip, and if prices fail to push higher this long-heavy setup heightens the risk of forced long liquidations.

Bitcoin retreated toward its yearly opening levels after trading near $95,000 and could slip below $90,000 on intraday time frames, Cointelegraph reported on Jan. 8. Material Indicators co-founder Keith Alan said Bitcoin's first breakout attempt was rejected and highlighted key technical support between $87,500 and $89,000, adding that any rebounds following a macro death cross expected on the weekly chart later this month should be treated as sell opportunities unless data suggest otherwise. Trader Roman reiterated a short-term target of $76,000, a level last seen in April, and stated that with price currently near $89,000, the downward move remains in progress and sideways action is merely resetting the market for that level, with no signs of reversal and higher time frames still looking strongly bearish.

Bitcoin fell 2.4% to $89,881 over the past 24 hours on January 8, retracing most of its first-week gains as early-year optimism faded, CoinGecko and Decrypt data show. Risk-off sentiment has intensified across global markets as investors await key macro indicators including U.S. employment data, keeping Bitcoin mostly just above $90,000 with periodic dips below that level, said SynFutures COO Wenny Cai. CEX.IO chief analyst Illia Otychenko said the drop below $90,000 reflects weakening early-2026 momentum, noting that new allocations at the start of 2026 and supportive geopolitical headlines offered initial backing but were not strong enough to sustain a continued rebound. U.S. spot Bitcoin ETFs posted a single-day net outflow of $243 million, while total liquidations over the past 24 hours exceeded $477 million, Otychenko added.

Bitcoin has a 29% probability of reaching $100,000 in January, Polymarket data showed on Jan. 8, BlockBeats reports. The prediction market platform also showed a 60% chance of Bitcoin rising to $95,000, a 45% chance of falling to $85,000, and a 20% chance of dropping to $80,000.

Hyperliquid address 0x94d37 (Strategy 对手盘) recorded $2.1 million in unrealized profit on its BTC short position on Jan. 8, Hyperinsight data show. The 10x leveraged short covers 1,599.61 BTC (~$144 million) with an average entry price of $91,331.6.

A whale opened a 5x leveraged long position totaling 120 BTC at an average entry price of $90,539 on Jan. 8 at 16:01, Hyperinsight data show. The position is currently showing a small unrealized gain.