2026-01-08 15:31:39

Entering mid-January, the crypto market has been experiencing intense volatility. Bitcoin fell below the $90,000 key support level last week, with over $460 million in liquidations across the entire network in 24 hours, causing many contract traders to be wiped out directly. The most pressing question now is—will ETF institutional funds continue to flow in? Can it push the price back to $100,000? This issue directly impacts market confidence.

Another focus is the Meme sector. A major exchange recently launched the "Life" Meme coin, which attracted many retail investors as soon as it was listed. But here’s the problem—almost 60% of the holdings are concentrated in the top 10 addresses. What does this high level of token concentration mean? Whales could sell off at any time, and liquidity risk is looming. The community is arguing fiercely about this—some see long-term value, while others worry about becoming the bagholder.

Ethereum’s situation is also not optimistic, as it broke below the $3,200 support level. However, from a fundamental perspective, progress continues in RWA (Real-World Asset Tokenization) and ZK-EVM scaling technology. Is it possible that these fundamental improvements could drive a price rebound? Both bulls and bears are still engaged in fierce competition.

What are your thoughts on this market trend? Is it a short-term correction or a sign of trend reversal?

BTC1,34%

MEME-1,84%

ETH2,03%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
4
Repost
Share

Comment

0/400

TokenStorm

· 01-11 01:37

Over four billion liquidation, someone is about to be liquidated again... --- Sixty percent of chips are in the top ten addresses? This is a ticking time bomb. I bet five bucks we'll see a dump next week. --- Can ETFs save the market? Wake up, institutions have already been lurking at low levels. It's not our turn to take over. --- From a technical perspective, 90,000 is a false support; the real resistance level is lower. But who cares about fundamentals at times like this? --- I predicted yesterday that Ethereum would break below 3200, but I still went long. That's very much in line with my usual style. --- No matter how good the story about RWA benefits sounds, it's all useless now. We have to wait for the sentiment to recover. --- On-chain data shows big players are reducing their positions, while small retail investors are still chasing FOMO. The familiar script is playing out again. --- Is this a correction or a reversal? Honestly, it all depends on when ETF funds re-enter the market. Everything else is just noise. --- The risk level of Meme coins has already exploded, but I still want to take a shot. Anyway, I never expected to come out unscathed. --- After breaking 90,000, the trend has become a bit strange. It feels like something big is brewing. Sit tight, everyone.

View OriginalReply0

HashBrownies

· 01-08 15:58

460 million liquidation, this time really is a bit brutal. Not saying anything else, I’ll take another look at where the bottom is. I’ll just pass on this coin "Life," who dares to touch 60% of the chips concentrated there. If institutions don’t enter the market again, our 90,000 might be the high point of the year. The fundamentals of ETH are solid, I still have confidence, but it’s just too hard to endure in the short term. The bottom is here, don’t panic. What are you arguing about? It’s all about the mentality of catching the bag. Who doesn’t want to buy the dip? Should I add to my position at this point, or continue to lie flat?

View OriginalReply0

DefiPlaybook

· 01-08 15:55

4.6 billion liquidation, how many people must have died? I’ve directly given up on contracts. --- Top ten addresses hold 60% of the chips? This is a classic rug pull preheating, retail investors are still discussing long-term value. --- Can ETFs save the market? Honestly, I don’t know. Anyway, my USDC is earning 3% APY on Aave. --- If Ethereum drops below 3200, it just drops below. The fundamentals of RWA are mostly just hype, prices are always real. --- Using fundamentals to deceive me again? On-chain data is the truth. Whales have already started dumping. --- This wave is a combination of short-term adjustment + long-term bearishness. Newbies are still bottom-fishing, seasoned investors are just harvesting profits. --- Top ten addresses hold 60% of meme coins. What’s the difference from arbitrage? Both are just giving money to the top players. --- Don’t ask about the trend, it’s a liquidity crisis. Look at ETH’s gas fees—they’ve already dropped.

View OriginalReply0