BTC (Bitcoin) down 1.00% in the past 24 hours, currently at $91,047.46

BTC-0,07%

Gate News Bot Message, January 13th, according to CoinMarketCap data, as of press time, BTC (Bitcoin) is trading at $91,047.46, down 1.00% in the past 24 hours, with a high of $94,395.30 and a low of $89,233.88. The 24-hour trading volume reached $38.044 billion. The current market capitalization is approximately $1.82 trillion, a decrease of $1.846 billion from yesterday.

Bitcoin is an innovative payment network and a new type of currency system that operates using peer-to-peer technology without the need for central authorities or banking institutions; transaction management and Bitcoin issuance are collectively maintained by the network. Bitcoin is open-source, with its design fully transparent, and no one can own or control Bitcoin; everyone can participate. Through numerous unique features, Bitcoin enables innovative applications that traditional payment systems cannot offer, including fast peer-to-peer transactions, global payments, and low processing fees.

Recent important news:

1️⃣ Institutional continuous net outflows and easing selling pressure from long-term holders create a tug-of-war Yesterday, Bitcoin ETFs recorded a net outflow of 3,734 BTC (worth $339 million), reflecting some profit-taking by institutions. However, data also shows that the selling speed of long-term holders has slowed, with net outflows retreating from extreme levels, indicating the market is gradually absorbing the supply pressure from long-term holders, and the supply pressure above is being digested. In contrast, Strategy increased its holdings by 13,627 BTC (worth $1.25 billion) this week, bringing its total holdings to 687,410 BTC, reflecting ongoing institutional interest at current price levels.

2️⃣ Contract market longs under pressure, liquidation intensity reveals downside risk In the past 24 hours, the entire network experienced $232 million in liquidations, with $143 million from long positions, accounting for over 60%, highlighting the fragility of long positions. The specific liquidation amount for Bitcoin was $72.2751 million (longs $38.5952 million, shorts $33.6799 million), with 91,638 traders liquidated. Further data on liquidation intensity shows that if BTC falls below $86,908, the cumulative liquidation of longs on major CEXs could reach $1.613 billion, and market risk exposure remains a concern.

3️⃣ Key technical levels are at structural resistance, market breakout optimism fading Since reaching a high of $94,395 last week, Bitcoin has failed to sustain above $92,000, retreating immediately after $92,013 to below $91,000, repeating patterns seen multiple times in Q4 last year. Market optimism about a breakout in Q1 is waning, reflecting that Bitcoin has not yet broken through the structural resistance faced since October 10. In the short term, the market remains in a range-bound pattern, with macro factors such as US CPI data and Supreme Court tariff rulings potentially further influencing cross-asset allocation and risk sentiment.

This message is not investment advice; please be aware of market volatility risks.

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