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According to BlockBeats, on January 9, JPMorgan indicated that the previous 'de-risking' process in the crypto market might be nearing its end, with Bitcoin and Ethereum ETF flows showing signs of stabilization. Led by Managing Director Nikolaos Panigirtzoglou, JPMorgan's analysis team noted in their latest report that despite outflows from BTC and ETH ETFs in December 2025, global equity ETFs experienced a historic monthly net inflow of $235 billion during the same period. However, as of January 2026, several indicators have begun to improve. The report highlights that Bitcoin and Ethereum ETF flows are showing 'bottoming signs,' while perpetual contracts and CME Bitcoin futures position indicators suggest that selling pressure is easing. Analysts believe that the phase of simultaneous reduction by retail and institutional investors likely concluded in the fourth quarter of 2025. Additionally, JPMorgan pointed out that MSCI's decision in its February 2026 index review to not exclude Bitcoin and crypto asset reserve companies from global stock indices has provided 'at least temporary relief' to the market, benefiting companies like Strategy. The report also refuted claims that the recent crypto market pullback was due to deteriorating liquidity. JPMorgan believes the real trigger was MSCI's October 10 announcement regarding MicroStrategy's index status, which initiated systemic de-risking operations. Current signs indicate that this process is largely complete.

According to Cointelegraph, Bitcoin's rally at the start of the year encountered significant resistance near $93,000, leading to a market pullback that refocused attention on crucial support levels. Despite the fragile higher-time-frame (HTF) structure, the lower time-frame (LTF) signals indicate that bulls might still have a chance to regain control if key levels are maintained. Bitcoin faced rejection at $93,000 for the third time, causing it to slip back toward weekly lows near $89,250. The increase in open interest during this dip suggests that short positions are being established around $90,000. Strong passive bids at this level could either act as a springboard for recovery or fail, potentially opening the door to the $86,000 to $87,000 range. Following an 8% surge to $93,000, Bitcoin formed a swing failure pattern (SFP) at the same resistance level for the third time. This rejection pushed BTC down to weekly lows near $89,250, raising the risk of consolidation or bearish continuation in line with the broader HTF trend. However, the LTF structure still offers room for a bullish response. Bitcoin is currently testing a key order block between $89,200 and $90,500, where bulls could attempt fresh long entries if momentum turns positive. Adding to this support, BTC remains above the monthly rolling VWAP (volume-weighted average price), which turned bullish again at the start of 2026. In the near term, Bitcoin might move sideways into the weekly close. A decisive bullish engulfing recovery above $91,666 would mark the first confirmation of bullish continuation, forming a higher low on the LTF trend and potentially trapping late shorts positioned between $90,000 and $92,000. Open interest data supports this setup. As BTC dipped from $92,000 to $90,000, open interest climbed sharply, indicating that short positions are building. If BTC can defend $90,000, a short squeeze becomes likely. A strong daily close above $91,700 would be the first signal, paving the way for another test of $93,000. However, failure to hold above $89,000 would quickly expose internal liquidity between $86,000 and $87,000, providing sellers with a clear downside target. Data from CoinGlass shows the aggregated order book liquidity delta flashing strong passive bids around $90,000. Over the past two weeks, similar bid absorption has preceded short-term recoveries, a pattern that could repeat if buyers continue to defend this zone. Nevertheless, futures trader Byzantine General cautioned that rising open interest cuts both ways, noting that liquidations data suggests a significant amount of vulnerable longs. While a bounce at $90,000 is possible, the analyst believes it makes sense for Bitcoin to eventually take out local lows around $86,000.

According to ChainCatcher, data from Arkham indicates that at 01:13, a total of 283.19 BTC was transferred from an anonymous address, beginning with 12YGEm, to Jump Crypto.

On Jan 08, 2026, 17:03 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 91,000 USDT benchmark and is now trading at 91,040.890625 USDT, with a narrowed narrowed 0.04% decrease in 24 hours.

According to Cointelegraph, Bitcoin (BTC) is facing potential new long-term lows as recent price gains are dismissed by analysts as a bearish 'reset.' Traders are observing that Bitcoin bears seem to dominate both short and long-term timeframes, with little reason to alter their bearish outlooks. One forecast suggests that BTC's price may revisit last April's lows around $75,000, and a breakthrough at the 2026 open might be necessary for market consolidation. Bitcoin traders are finding it challenging to build a bullish case based on BTC's price behavior in 2026. Despite nearly reaching $95,000, BTC/USD has returned near its yearly open, threatening to drop below $90,000 on intraday timeframes. Keith Alan, cofounder of Material Indicators, noted that the first breakout attempt for BTC was met with rejection. He highlighted a cluster of technical support in the $87.5k - $89k range and warned of a macro Death Cross developing on the weekly chart later this month. Alan views any potential price increase as a 'sell the rip' event unless evidence suggests otherwise. Trader Roman, who previously warned of a macro breakdown for BTC/USD throughout 2025, maintains a near-term target of $76,000, a level last seen in April. He expressed skepticism about a reversal, stating that the current sideways movement is merely a reset to reach that target. Roman believes that the high timeframe remains very bearish, with no signs of a reversal. Other traders also express doubts about the January trading range holding steady, anticipating fresh volatility instead. Daan Crypto Trades, another trader, noted that it is unlikely the monthly low and high will remain intact. He pointed out that in the past two years, 100% of months have seen a larger wick below the monthly candle than the current one. Daan Crypto Trades suggested that breaking below January's low of just under $87,500 might be beneficial for BTC/USD to establish a firmer foundation for a long-term rebound. He added that taking out these lows could clear warnings and allow the price to find a floor, reducing the risk of a later reversal.

On Jan 08, 2026, 15:01 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 90,000 USDT and is now trading at 89,918.84375 USDT, with a narrowed 2.16% decrease in 24 hours.

According to ChainCatcher, market reports indicate that Spanish publicly traded company Vanadi Coffee has increased its Bitcoin holdings by acquiring an additional 10 Bitcoins. The company now possesses a total of 183 Bitcoins.

According to Odaily, the validity of Bitcoin's four-year cycle has once again become a central topic within the ecosystem. Some argue that the cycle should not extend to 2026 due to the $57 billion inflow into ETFs. However, opposing views maintain that the cycle remains intact, with historical coincidences supporting this perspective. For instance, Bitcoin's recent local bottom occurred on November 21, 2025, at a price of $80,524, mirroring the previous cycle's low on November 21, 2022, at $15,460, with both dates being identical. Currently, market attention is shifting towards January 2026, when a U.S. crypto market structure bill is scheduled for a hearing on January 15. This event is seen as a potential significant turning point in the current Bitcoin cycle.

According to ChainCatcher, Florida has recently introduced an innovative bill aimed at establishing a strategic Bitcoin reserve. The proposed legislation would permit the state government to allocate up to 10% of essential public funds for holding Bitcoin and Bitcoin ETF products.

According to PANews, Jake Ostrovskis, head of over-the-counter trading at Wintermute, has indicated that $13 million has been invested in Bitcoin call options with strike prices ranging from $98,000 to $100,000. This suggests a potential increase in Bitcoin's price during the first quarter.

According to PANews, data from CloverPool indicates that Bitcoin mining difficulty was adjusted at 16:05 UTC+8 at block height 931,392. The mining difficulty decreased by 1.20% to 146.47 T. Currently, the average hash rate across the network over the past seven days is 1.06 ZH/s.

According to Binance Market Data, Bitcoin (BTC) dropped below 90,000 USDT and is now trading at 89,889.609375 USDT, with 2.97% decrease in 24 hours.

According to BlockBeats, on January 8, Bitwise advisor Jeff Park stated that Morgan Stanley's recent announcement of launching a spot Bitcoin ETF, even if not hugely successful, will provide 'intangible benefits' to the firm, enhancing its influence. The introduction of a Bitcoin spot ETF is expected to offer reputational advantages, showcasing the asset management company's forward-thinking, youthful, and slightly avant-garde nature. It is also likely to attract top talent in the crypto sector, send a stronger signal to the market than anticipated, and reach new customer bases. Morningstar ETF analyst Bryan Armour added that Morgan Stanley's sudden entry into the cryptocurrency space might indicate its intention to 'shift clients investing in Bitcoin to its ETF, allowing for a quick start even if entering late.' Morgan Stanley, along with Goldman Sachs and JPMorgan Chase, is considered one of the world's top three investment banks. While Goldman Sachs and JPMorgan Chase have ventured into cryptocurrency investments, neither has launched its own cryptocurrency ETF.

According to Foresight News, U.S. Treasury Secretary Besant stated in an interview with Fox Business that the department has established a strategic reserve for Bitcoin. While the Treasury does not plan to purchase Bitcoin, it will retain confiscated Bitcoin and has no intention of selling it.

According to BlockBeats, on January 8, analyst Maartunn reported that Bitcoin's Net Taker Volume, measured with a 25-hour moving average, reached negative $19 million. This marks the strongest selling pressure since December 23, indicating that the short-term market is dominated by sellers.The Net Taker Volume metric assesses the difference between market buy and sell orders. A negative value suggests that aggressive sellers are in control, often used to gauge short-term market sentiment.

According to PANews, data from SoSoValue indicates that on January 7, Eastern Time, Bitcoin spot ETFs experienced a total net outflow of $486 million in a single day. Fidelity's FBTC led the outflow with $248 million, followed by BlackRock's IBIT with $130 million. Currently, the total net asset value of Bitcoin spot ETFs stands at $118.364 billion, with cumulative net inflows reaching $57.052 billion, accounting for 6.51% of Bitcoin's total market value.

According to PANews, MSCI, a global provider of stock and ETF market benchmarks, has announced that it will not remove the Bitcoin treasury company Strategy from its index. However, a clause stating that 'MSCI will not implement any increases to the Number of Shares (NOS)' has raised concerns within the community. This clause indicates that shares issued by Strategy through an ATM will not be included in the MSCI index weight, nor will they trigger passive fund purchases. While MSCI acknowledges the existence of cryptocurrency reserve stocks, it refuses to support passive funding for ATM share issuances. Consequently, even if Strategy issues more shares, passive funds will not follow suit, cutting off additional funding and disrupting Strategy's cycle of financing Bitcoin purchases through new stock issuances, which are then supported by ETF purchases to maintain stock prices. Other Bitcoin treasury companies potentially affected include Metaplanet and Capital B.

According to BlockBeats, recent rumors suggest that the Venezuelan government may secretly hold up to $60 billion worth of Bitcoin. However, Mauricio Di Bartolomeo, co-founder of Ledn and a long-time Bitcoin miner in Venezuela, argues that these claims are largely speculative and based on second-hand information, lacking credible on-chain evidence. The rumors stem from three main sources: a large-scale gold sale in 2018 allegedly converted to Bitcoin, partial oil revenue settlements in Bitcoin or other cryptocurrencies, and government confiscation or theft of mining equipment for Bitcoin mining. Mauricio acknowledges that Venezuela has indeed received cryptocurrency in some oil transactions and that the government has confiscated mining equipment. However, he emphasizes that there is no credible evidence to support the claim that approximately $2.7 billion worth of gold sold in 2018 was converted into Bitcoin. The key figure in this transaction, Alex Saab, who is currently serving as the Minister of Industry and National Production, was detained by the U.S. from 2020 to 2023 and released in a prisoner exchange at the end of 2023. If Saab truly controlled $10–20 billion worth of Bitcoin as rumored, it would starkly contrast with the Venezuelan Central Bank's disclosed official reserve of about $9.9 billion, and no on-chain address has been reliably attributed to Saab or the Venezuelan state. Moreover, even if the Venezuelan regime had acquired cryptocurrency revenue, the extremely corrupt system would likely prevent these funds from entering the national treasury. Mauricio cites the 2023 SUNACRIP corruption scandal, where officials embezzled approximately $17.6 billion through illegal oil transactions between 2020 and 2023, suggesting that cryptocurrency proceeds were likely similarly misappropriated. Regarding the claim of large-scale mining using confiscated equipment, Mauricio also dismisses this notion. He points out Venezuela's long-standing issues with severe power shortages, aging infrastructure, and a significant loss of technical personnel, which hinder the effective operation of core assets like the state oil company PDVSA, let alone the stable operation of large-scale Bitcoin mining farms. "Bitcoin does exist in Venezuela, but it is not in the hands of the regime," he concludes.

According to Binance Market Data, Bitcoin (BTC) crossed the 91,000 USDT benchmark and is now trading at 91,025.453125 USDT, with 2.11% decrease in 24 hours.

According to ChainCatcher, Brazilian presidential candidate and founder of the Missão Party, Renan Santos, recently expressed on a podcast that Brazil should consider establishing a national Bitcoin reserve, stating that the proposal is feasible in reality. He noted that some countries have begun exploring similar approaches, suggesting that Brazil could gradually develop a Bitcoin reserve system.Renan Santos mentioned that his campaign platform includes content related to Bitcoin and believes blockchain technology can serve as a tool to enhance transparency and combat corruption in the public sector. Previously, the Brazilian Congress held public hearings on the strategic Bitcoin reserve topic, with discussions initiated by pro-crypto legislators. The Brazilian presidential election is scheduled for October this year.