Yesterday (January 24, 2026), Bitcoin experienced a "sharp rise followed by a pullback, failed rebound" process. The price temporarily rebounded to around $95,000 but then quickly retreated, losing the psychological level of $90,000.

To help you quickly grasp the full picture, here are the key points of yesterday's market:

Core Price Dynamics

· Intraday high: Attempted to rebound to approximately $95,000.
· Key outcome: Rebound failed, ultimately falling below $90,000.
· Closing price: Traded around $89,000 (approximately $89,280 or $89,482).

Main Funds and Pressure

· Institutional fund flow: Significant weekly outflow from Bitcoin spot ETFs (about $1.8 billion), demand weakening.
· Potential selling pressure: Reports suggest that large holders (such as GameStop) may be transferring Bitcoin to exchanges, creating potential selling pressure.

Core Market Observation

· Rebound strength in doubt: Fidelity strategists pointed out that the rebound was accompanied by a decline in futures open interest, indicating a lack of market confidence.
· Short-term outlook cautious: Data from trading platform forecasts show that traders believe the probability of Bitcoin returning to $100,000 in the short term is very low.

🔍 Why is the rebound weak?

The recent rebound failed to sustain, mainly due to several key factors:

· Diminished capital support: The pace of institutional Bitcoin purchases via ETFs has significantly slowed, even turning into net outflows, weakening the core momentum for price increases.
· Market sentiment hesitancy: On-chain data shows that the net buying speed of long-term holders is slowing down. Meanwhile, miners, due to income pressure, may also be increasing their selling, all reflecting a cautious market sentiment.

📈 What are the future observation points?

Although the short-term trend is volatile, there are differing views on the medium to long term:

· Long-term outlook remains: Binance founder CZ and others still mention the possibility of a "super cycle" for Bitcoin. Some analysts' year-end forecast targets are far above the current price. Additionally, whale institutions like Strategy continue to buy, indicating long-term confidence.
· Comparison with gold: Some analyses point out that, against the backdrop of increasing global money supply, gold's upward path appears more stable, contrasting with Bitcoin's oscillations.