2026-01-02 13:25:24

2026 begins, and the cryptocurrency world is once again turbulent. On January 1st late at night, Bitcoin suddenly dropped from $89,000 to $87,000, wiping out nearly 164,000 traders' positions in one go. By the evening of the 2nd, the price rebounded to around $88,600, a barely noticeable increase of over 1% in 24 hours, and mainstream coins like Ethereum also saw a slight retracement.

But this small rebound is far from enough to ease the market's anxiety. Since reaching a historical high of $126,000 in October 2025, Bitcoin has already fallen by nearly 30%. Especially in December 2025, it plummeted about 22% in a single month, marking the worst monthly performance since December 2018. The current situation is quite awkward—liquidity is tight, both bulls and bears are deadlocked at the $88,000 mark, trading volume has nearly halved compared to earlier periods, and the short-term direction remains completely unclear.

BTC1,84%

ETH0,86%

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.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

BlockchainBrokenPromise

· 01-05 13:24

164,000 people liquidated, this is the New Year’s big gift... Luckily, I had already cleared my positions. Another 30% drop, it's incredible. My friends now don't even dare to look at the market. 8.8K at this critical level, holding on tightly, who won... I can't understand. Liquidity is so tight, trading volume halved? Feels like something's going to happen. The worst single month since 2018... Is history repeating itself? Since hitting 126,000 last October, it's just like this, really unbelievable. A rebound? No way, I can't suppress my anxiety at all, I'm already numb. Is this wave the bottom or will it keep crashing? Can anyone clarify? Both bulls and bears are gambling with their lives, really exciting. I truly can't understand the current market. Will next year be even worse... Not a big problem, anyway, I have no money left.

View OriginalReply0

DAOdreamer

· 01-05 03:21

16.4K liquidations, such an exciting first day of the new year, I really can't hold on anymore --- A 30% drop from the all-time high, this rebound is just a drop in the bucket --- Stubbornly holding at 88K, no one dares to make the first move, just wasting time like this --- December's 22% monthly decline, the worst since 2008, this data is a bit scary --- Trading volume halved, liquidity is tight, now it's just a gamble on whether it can reverse in the short term --- It's the same old trick, just a rebound and then claiming the bottom has been reached, wake up --- When you can't see the direction clearly, it's best not to make any moves. Let's wait and see

View OriginalReply0

分析师舒琴_

· 01-03 14:47

2026 GOGOGO 👊

Reply0

MerkleMaid

· 01-02 13:38

Back at it again? Dropped from 126,000 to 88,000, losing 30% just like that. I'm still buying at high levels. That operation in December last year was truly incredible, a 22% drop in a single month—straight-up harvest for the reapers. Liquidity is so tight, yet people are still stubbornly holding on. I think most are waiting for a bottom signal. Right now, the market can be summed up in two words: torture. 164,000 people got liquidated, how many had their dreams shattered overnight... This is the real picture of the start of 2026. Can't see the direction clearly +1

View OriginalReply0

SeeYouInFourYears

· 01-02 13:34

16.4K liquidations, this opening move is quite fierce. Let's see who is bottom-fishing and who is fleeing. --- A 30% drop is truly outrageous. That wave in December brought us back to pre-liberation levels. Luckily, I didn't chase the high. --- With liquidity so tight and trading volume halved, it indicates that big players are also on the sidelines. This is the most dangerous time. --- Repeated tests at the $88,000 mark—feeling like it will either break through or be strongly resisted. There’s no middle ground. --- A 1% rebound and people think they can suppress anxiety? Dream on. It needs to rise back to $100,000 to ease the nerves. --- Falling from $126,000 to now, it must be tough for those buying. I choose to stay on the sidelines and observe.

View OriginalReply0

HackerWhoCares

· 01-02 13:33

164,000 people liquidated, is this the "surprise" at the start of the year? Can't even smile about it. This drop is quite fierce, from $126,000 to now, feeling uncertain. The 88,000 point is really stuck, no one dares to move. With liquidity so tight, how can there be any direction in the short term? Basically, it's a gamble—betting on who admits defeat first.

View OriginalReply0

分析师舒琴_

· 01-02 13:26

2026 GOGOGO 👊

Reply0