On January 19, according to Decrypt, Bitcoin briefly fell below $92,000, with over $865 million in liquidations across the network in 24 hours. Lai Yuen, an investment analyst at Fisher8 Capital, said the decline in the crypto market was mainly due to the resurgence of the US-EU trade war and market concerns about Trump's new round of tariff proposals.
Bitget's chief analyst, Ryan Lee, stated, "The recent Bitcoin pullback is driven more by changes in global risk sentiment than by fundamental factors within the crypto market itself. Increased macroeconomic uncertainty, coupled with profit-taking after the previous sharp rise, has led investors to adopt a more cautious strategy across various markets, including stocks, commodities, and digital assets." Looking ahead, Lee expects Bitcoin to remain range-bound in the second half of January, with support likely forming around $85,000.
