January 26 News, the cryptocurrency market has shown obvious signs of tension. Analyst Crypto Rover issued a strong warning regarding Bitcoin price trends. He posted a technical chart on social media showing BTC breaking below the long-term upward channel, accompanied by highly emotional language, stating that the market is entering a dangerous phase. This content quickly spread among traders, causing noticeable short-term capital fluctuations.
From a technical perspective, Bitcoin has broken through the previously maintained multi-month upward trend channel, and the price has fallen below the $87,000 level. Such structural breakdowns are generally seen as important signals of trend weakening, especially in high leverage environments, often triggering more passive selling. Some technical traders have already begun shifting their focus to lower support zones to prevent further accelerated declines.
In addition to technical weakness, the macro environment is also exerting pressure on crypto assets. Currently, global geopolitical risks are rising, and some economic data have reinforced market concerns about slowing growth. Against this backdrop, gold prices have surged past $5,000, indicating that funds are flowing into safe-haven assets, while risk assets face selling pressure. Bitcoin often struggles to remain resilient during similar cycles.
Historical data shows that such breakdowns of upward channels are not uncommon. During the 2021 and 2025 bull markets, Bitcoin also experienced rapid corrections of 10% to 20% under similar patterns, before gradually stabilizing and rebounding. This suggests that short-term volatility does not necessarily mean the end of the long-term trend, but it can have a very direct impact on trading rhythm.
Currently, the key level to watch is around $86,500. This area is considered an important structural support. If bulls can reorganize defenses here, BTC still has a chance to enter a consolidation and recovery phase; if it fails to hold, a deeper correction could be triggered. For short-term traders, controlling position size and risk exposure is more important than simply betting on the direction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC up 0.49% in 15 minutes: Short squeeze and U.S. economic data jointly drive the market
From 2026-04-09 08:30 to 2026-04-09 08:45 (UTC), BTC surged quickly within the USDT 70979.6 to 71333.3 range. The 15-minute return was +0.49%, with a range (amplitude) of 0.50%. Near-term market volatility intensified, market attention increased significantly, the number of active on-chain addresses remained consistently above 120k, and daily trading volume exceeded $2.0 billion, reflecting rising user participation.
The main driving force behind this abnormal move was a large-scale liquidation of short positions in the futures market, with approximately $273 million in short funds being forced to liquidate during this period
GateNews37m ago
Bitcoin’s implied volatility drops to an intra-year low, and the market is reacting mildly to Friday’s CPI data
April 9, U.S. March CPI data will be released on April 11. The market expects the year-over-year rate to rise from 2.4% to 3.4%. The Bitcoin market has responded calmly, with the options market’s volatility range only at 2.5%. Attention has been drawn by the rise in gasoline prices. Analysts believe that CPI data coming in either too soft or too hot will have different impacts on the crypto market.
GateNews53m ago
Hyperliquid’s combined trading volume of its two perpetual contracts for the first time surpassed BTC, reaching $2.45 billion.
Gate News message; on April 9, according to official Hyperliquid data, the combined trading volume of WTI crude oil (U.S. West Texas Intermediate crude oil) and Brent crude oil (Brent crude oil) perpetual contracts surpassed Bitcoin for the first time. The data shows that Bitcoin’s trading volume was $2.29 billion, WTI crude oil’s trading volume was $1.68 billion, and Brent crude oil’s trading volume was $770 million; the combined volume of the two oils reached $2.45 billion.
GateNews1h ago
The Bhutan government transferred 319.7 BTC three hours ago; its current holdings are down 70% from the peak.
The Royal Government of Bhutan has recently transferred approximately 319.7 BTC, valued at $22.68 million, and currently holds 3,954 BTC. Since this year began, the government has moved out $215.7 million worth of Bitcoin, and its holdings are down by about 70% from their peak. Bitcoin assets are managed by the national sovereign wealth fund.
GateNews2h ago
