Crypto liquidations reach $838 million, with $247.39 million in Bitcoin long-side losses in 24 hours.
Bitcoin active addresses hit record low in 2025, signaling a 17.86% drop in user activity.
Institutional support weakens, raising fears of a BTC retest at $90,000 amid ETF inflow slowdown.
Bitcoin targets $95,000 with a potential breakdown to $94,474 if the $97,396 level fails to hold.
With a massive pullback in the global economy, after the DeepSeek AI launched in China beats ChatGPT, the sellers are dominating the market. In the crypto market, the Bitcoin price is now under $98,000, recording a drop of nearly 7% in the last 24 hours.
Amid the increased selling, the crypto support grounds are shaking in the second week of Trump’s presidency. Will the institutional support decline to fuel the correction rally as the speculations in the derivatives market surge? Let’s find out.
Bitcoin Traders Turn Bearish as Crypto Market Bleeds $838M
With the rising selling pressure, the crypto market continues to bleed. Over the past 24 hours, the crypto liquidation has reached $838 million, with long-sighted players losing $789.19 million.
The biggest liquidation in the past 24 hours occurred over the HDX exchange in the BTC-USDT pair. This liquidation was valued at $98.46 million. As the bulls continue to bleed, the bearish speculations in Bitcoin are increasing.
The open interest is down to $65.34 billion, with the long-to-short ratio dropping under $0.90. Currently, the funding rate is maintaining its balance near 0.0094%, however, the number of long-sighted positions has declined as the long-to-short ratio stands at 0.8737.
As of now, the 24-hour liquidation in Bitcoin reveals $247.39 million worth of long-side losses out of the 24-hour liquidation worth $253.92 million.
Bitcoin Active Address Hit Record Low in 2025
As Bitcoin value drops on the financial side, the network registers a decline in user base. In the first month of 2025, the number of daily active addresses has witnessed a new low.
Starting from 1.28 million addresses on 1st January, the active addresses are now down to 1.22 million addresses. Furthermore, the active addresses are down to 655.58K compared to 676.24K.
The 7-day change is down to -21.27% of new addresses, while the active addresses are down to -17.86% in the same time period. Hence, the declining user base in early 2025 is signaling a potential pullback in the coming weeks.
Will Institutional Support Pullback to Fuel the Crash?
While the network and derivatives data paint a bearish picture, the institutional support this week might take a strong hit. The past week, the spot Bitcoin ETFs in the US market registered an inflow of $1.76 billion.
🇺🇸 Spot ETF: 🟢$1.76B to $BTC and 🟢$139.4M to $ETH🗓 Week: 20 to 24, 2025
👉 Bitcoin ETFs attracted big inflows in the 1st week of President Donald Trump’s 2nd administration, pushing $BTC above $109K.
👉 Meanwhile, Ethereum ETFs saw stagnant flows, with $ETH price still 27%… pic.twitter.com/iT53xWVJqm
— Spot On Chain (@spotonchain) January 26, 2025
🇺🇸 Spot ETF: 🟢$1.76B to and 🟢$139.4M to 🗓 Week: 20 to 24, 2025
👉 Bitcoin ETFs attracted big inflows in the 1st week of President Donald Trump’s 2nd administration, pushing above $109K.
👉 Meanwhile, Ethereum ETFs saw stagnant flows, with price still 27%…
— Spot On Chain (@spotonchain)
With seven consecutive positive days, the first week of ‘s presidency pushed BTC price above $109,000. However, the second week of Trump’s second administration might see a major pullback.
As the BTC price starts the week on a bearish note, the bearish speculation and the pullback in the global market will likely drop the prices further. Over the past week, the BTC spot ETFs ended the week with $517.67 million worth of inflows on January 24.
This pumped the total net assets under the 12 US Bitcoin spot ETFs to $123.06 billion. However, if the institutional support shakes under the short-term supply surge, the BTC price could retest the $90,000 level.
BTC Price Analysis Targets $95K Breakdown
With massive bearish engulfing candles in the 4-hour chart, the BTC price is now trading at $98,173. BTC has registered a 24-hour low at $97,750, signaling an intense correction rally.
The current downfall started near the $105,000 mark and has now recorded a drop of nearly 7%. Furthermore, the massive downfall has broken under the 200-EMA line and is putting the $98,000 support level at risk.
Amid the massive pullback, the 4-hour RSI line has dropped to a 25.93% value, reflecting the surge in selling pressure. Furthermore, the 20-EMA is about to cross under the 50-EMA line to give a sell signal.
In the 4-hour chart, the ongoing pullback has dropped under the 50-EMA line at $99,432. In case of an extended correction under the 67.80% level at $97,396, the pullback could break the $95,000 mark.
This will likely test the 78.60% level at $94,474. On the flip side, bullish sustenance above the 67.80% level will likely retest the 100-EMA line near the 38.20% Fibonacci level at $101,477.
