Yesterday (January 25, 2026) was a Sunday. Bitcoin experienced a significant decline before the weekly close, primarily driven by macroeconomic uncertainties.

📉 Core Data of Yesterday's Market

· Price Dynamics: Fell below $88,000**, with a low of around** $87,471 during the session.
· Market Performance: Decreased approximately 1.6% over the past 24 hours, with a weekly decline of over 5%.
· Leverage Liquidation: Total market liquidations exceeded $250 million within 24 hours, with the majority being long positions; within one hour, concentrated liquidations reached $131 million.
· Spillover Effects: Ethereum (ETH) also broke below the key level of $2,900.

📰 Market Overview: Key Bull and Bear Information

The table below summarizes the main information affecting yesterday's market:

🟥 Major Bearish Factors

· Macroeconomic Concerns: The US government may shut down again, and Trump threatened to impose tariffs on Canada.
· Technical Signals: Price broke below the short-term consolidation range median, viewed as a bearish signal.
· Capital Outflows: US spot Bitcoin ETF experienced five consecutive days of net outflows last week.
· On-Chain Warnings: Large Bitcoin transfers to exchanges and abnormal surge in Solana network transaction fees.

🟩 Potential Bullish Factors

· Technical Divergence: Compared to silver, Bitcoin may be experiencing a historically first bullish divergence on the 3-day chart, indicating possible capital rotation.
· Policy Expectations: Trump stated that legislation supporting cryptocurrencies will be signed "soon."

🔍 Bull and Bear Sentiment Analysis

Traders and analysts have differing views on the future trend, but cautious sentiment currently dominates:

· Bearish and Cautious Views: The main logic is macro uncertainty combined with technical weakness. Some traders believe that if the price breaks below the key support of $86,300, it could further decline into the low $80,000s in the coming weeks. Therefore, any short-term rebounds this week might be viewed as opportunities to short.
· Bullish Views: Mainly see this correction as a healthy adjustment within a bull market, helping to clear excessive leverage. The key bullish signals are that the price must hold the support around $88,000** and break through the resistance zone of $91,000-$92,000 with increased volume.

🌐 Other Mainstream Coins

The decline is not exclusive to Bitcoin; major altcoins also generally weakened:

· Ethereum (ETH): Fell below $2,900.
· Other Coins: Solana (SOL), Sui (SUI), Arbitrum (ARB), Cardano (ADA), and others all experienced declines exceeding 2% yesterday.

💎 Summary

Yesterday's Bitcoin decline was mainly driven by macro concerns and leverage liquidations in the derivatives market, leading to a broader crypto market correction. Currently, market focus is on:

1. Whether the key support zone of $86,300 - $88,000 can hold.
2. The upcoming Federal Reserve interest rate decision (January 28) and developments in US politics.
3. Whether the capital flow in US spot Bitcoin ETFs can improve. $BTC