2026-01-02 11:21:32

As of 2026-01-02 18:00, the crypto market continues to be weak. Bitcoin fluctuates between 87,000 and 89,000 USD, while Ethereum hovers around 2,980 USD. Market fear sentiment is spreading, with one wave of liquidation following another.

**Key Price Levels at a Glance**

BTC current price is 87,000 USD, down about 1% in 24 hours. Support levels are around 85,000-86,000 USD. If this line is broken, the next strong support is at 82,000-83,000 USD; on the upside, 92,000-93,000 USD is the current resistance.

ETH is performing worse, with a current price of 2,980 USD, support at 2,900 USD, and strong support at 2,750 USD. Breaking through the 3,050 USD resistance clearly remains difficult.

Mainstream altcoins like SOL, XRP, and BNB are also falling, with ADA dropping over 3% and DOGE over 2%. The total market capitalization is about 2.95 trillion USD, with Bitcoin accounting for 59.1%. The Fear and Greed Index is only 27, indicating extreme fear. The most exaggerated figure is the 24-hour total liquidation scale reaching 228 million USD, involving 163,900 people.

**Where Does the Pressure Come From**

On the macro front, US stocks are weak at year-end, US bond yields are volatile, and risk assets are generally suppressed. Institutional investors are cautious; spot ETFs for BTC and ETH are experiencing continuous net outflows, indicating large investors are reducing their positions on rallies.

From a technical perspective, BTC’s highs are gradually declining, with weakening rebound strength. 85,000 USD has become the last bastion for bulls. ETH is struggling to hold below 3,000 USD, with daily RSI showing divergence signals, which are not good signs. Additionally, the repayment plan for Mt.Gox may bring new selling pressure, and regulatory policy uncertainties hang like a sword over the market.

**What to Do Next**

In the short term, the market is likely to continue oscillating and building a bottom. The key is whether BTC can hold above 85,000 USD and ETH can stay above 2,900 USD. If these levels are broken, be prepared for further downside.

For traders, it is recommended to mainly observe with light positions. If you want to build a position, wait until BTC returns near 85,000 USD or ETH drops to 2,900 USD before considering. Be sure to strictly control leverage ratios; in this kind of market, chasing rallies or panic selling can easily lead to liquidation.

BTC1,7%

ETH4,38%

SOL4,64%

XRP5,92%

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SmartContractPlumber

· 9h ago

85,000 is also the last line of defense. Why do I feel like I've said this three times... Mt.Gox is about to dump, can't run away. --- This round of liquidation list is going to be long again. Holding small positions is really the only way out. --- Contract code permission control can be made into a sieve. The risk management in this market isn't much better... --- RSI bottom divergence? Don't fool yourself. It still needs to fall if it’s going to fall. Holding at 8.5 is a miracle. --- Over 160,000 liquidations, indicating that leverage ratios are all garbage... It's time to learn formal verification for this stuff. --- US debt volatility + regulatory sword of Damocles, this combination is even more disgusting than a re-entry loophole. --- Wait, $228 million liquidated in one day? That scale is a bit outrageous. Surely another exchange's risk control code wasn't properly implemented.

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GateUser-c802f0e8

· 9h ago

Here come the trap again, 160,000 liquidations—really impressive.

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MonkeySeeMonkeyDo