#密码资产动态追踪 January 11 Bitcoin Market Recap: The 90,000 level repeatedly confirmed, both bulls and bears are waiting for the next move.

Bitcoin is stuck in a stalemate, unable to move for a while, currently hovering around $90,545. The 24-hour price change is less than 1%, feeling almost invisible. From the high of $90,832 to the low of $90,125, the price range is extremely narrow, with a trading volume of 13.56 billion, and the market activity is clearly insufficient—typical of both sides waiting and watching.

Why is this happening? Several factors have frozen the market. First, ETF net outflows for four consecutive days, erasing most of the previous monthly gains. Major institutions are now holding back, not daring to trade freely. Additionally, the issue of Venezuela’s 660,000 Bitcoins remains a hot topic; no one can be sure how this massive holding will be handled, directly affecting circulation expectations, and no one dares to take sides. Technical analysis also remains an old problem—facing short-term resistance at $91,200 and support at $89,917, both sides are tightly blocked.

But there are some clues. Over the past seven days, Bitcoin has been continuously transferred out of exchanges, with no abnormal fluctuations in institutional holdings, indicating that large funds are not planning to exit. Moreover, the Fed’s rate cut expectations are still alive, and the U.S. “CLARITY Act” will enter key review on January 15, both of which could trigger subsequent market movements. The key point now is whether Bitcoin can hold above the psychological level of $91,000 or whether the $90,000 support can be maintained—once broken, the direction will become clear. $BTC $ETH