data<\/a> shows 24-hour liquidations rose 3% to $436 million, while total open interest increased 1.02% to $141 billion.\u00a0During a price decline, rising open interest often indicates position reshuffling as opposed to forced exits.<\/p>\nThe average relative strength index for the cryptocurrency market was at\u00a0 55, maintaining neutral momentum. Sentiment was still far from extreme, despite a slight decline. The Crypto Fear & Greed Index dropped two points to 42, staying in the \u201cfear\u201d zone, following a brief improvement earlier in the week.<\/p>\n
Profit-taking follows early January rally<\/h2>\n
Analysts attribute the decline to profit-taking after the market\u2019s sharp rebound from late-2025 lows. Bitcoin had climbed roughly 7\u20138% from the $88,000 area in the first days of January, prompting short-term traders to lock in gains.<\/p>\n
<\/p>\n
Market behavior during U.S. trading hours also played a role. Recent sessions have shown a pattern where overnight strength fades as Western markets open, with downside volume picking up during U.S. hours. Funding rates have since cooled to near-neutral levels, supporting the view that leverage is being trimmed rather than aggressively added.<\/p>\n
Positioning is still shaped by lingering caution from the sell-off last year. After the late-2025 correction erased nearly 30% from Bitcoin\u2019s highs, traders seem to be quicker to reduce exposure on strength.<\/p>\n
Short-term outlook and analyst views<\/h2>\n
Bitcoin is widely expected to remain above the $90,000\u2013$92,000 range, with resistance located around $94,000\u2013$95,000. If institutional flows improve, a clear break above that range might pave the way for $97,000\u2013$100,000.<\/p>\n
Downside risks remain. Some analysts warn that failure to reclaim $94,000 could lead to a retest of $85,000\u2013$88,000, particularly with U.S. labor data scheduled for later this week, including ADP jobs figures on Jan. 7 and nonfarm payrolls on Jan. 9.<\/p>\n
Fundstrat\u2019s Tom Lee remains optimistic, saying he expects Bitcoin to reach a new all-time high by the end of January. Others point to falling Bitcoin dominance, now below 59%, as an early sign of rotation potential toward altcoins if market conditions stabilize.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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