Analysis: Bitcoin dips below $90,000 then consolidates, risk aversion in the crypto market intensifies Summary: Bitcoin's price falls below $90,000 and consolidates, with market risk aversion increasing. Derivatives data shows implied volatility of Bitcoin rising, open interest decreasing, and Zcash price increasing, indicating a reduction in short holders' bearish exposure. Odaily Planet Daily reported that after Bitcoin broke below $90,000, it entered a consolidation phase. Analysts believe this decline aligns with traditional market risk aversion, leading to heightened risk aversion in the crypto market. Derivatives data indicates that Bitcoin's 30-day implied volatility (IV) rose to 44.34 on Tuesday, while open interest (OI) decreased by 3.25% over the past 24 hours to $28.3 billion, suggesting that short traders took profits during this period. However, funding rates remained generally positive throughout the sell-off. Additionally, Zcash open interest decreased by 2.5%, while the price increased by 1.5%, indicating that short holders since January 8 are beginning to reduce their bearish exposure. (CoinDesk)#现货黄金再创新高