Bitcoin Below $90,000 Could Trigger $1.07 Billion in CEX Long Liquidations

Bitcoin is near $92,000, but the market is showing signs of caution as it consolidates after a recent rally toward $94,000. A drop below $90,000 could trigger $1.07 billion in liquidations.

Bitcoin ETFs have experienced $243 million in net outflows on Tuesday, as the market digests mixed investor flows across major issuers. Some ETFs like BlackRock’s IBIT saw inflows, while Fidelity’s FBTC recorded significant redemptions.

The broader cryptocurrency market remains under pressure from a pending U.S. Supreme Court ruling on global tariffs. The decision on January 9 could impact Bitcoin through macroeconomic volatility.

Why the Move Happened

Bitcoin’s price action reflects a tug-of-war between bullish and bearish forces. The market is consolidating after a week of sharp moves, with the cryptocurrency trading near $92,733. Analysts suggest the price could be preparing to choose a direction as key support and resistance levels are tested.

Bitcoin ETF inflows totaled $1.2 billion in early 2026, but recent outflows indicate a tactical repositioning rather than a loss of conviction. Market observers see this as a normalization period following strong early-year flows.

How Markets Responded

The broader market remains cautious despite Bitcoin’s resilience. Ethereum and Solana ETFs have attracted inflows, but smaller altcoins like XRP and Dogecoin show signs of consolidation.

The macroeconomic backdrop is also a concern. Prediction markets suggest a 78% chance that the Supreme Court will strike down recent tariffs. This potential policy shock could amplify volatility across traditional and crypto markets.

What Analysts Are Watching

Analysts are watching how Bitcoin interacts with its 21-day moving average. Michael van de Poppe sees consolidation as a sign of underlying strength, while others remain bearish unless Bitcoin reclaims $96,500.

Ethereum’s recent performance has also caught attention. Breaking above its 21-day moving average could signal a new uptrend and a push toward a new all-time high.

Investor sentiment remains mixed. While some are optimistic about Bitcoin reaching $100,000, others warn of potential risks from macroeconomic developments and market liquidity.

The outcome of the Supreme Court ruling on January 9 is expected to provide additional clarity or introduce new uncertainty. Traders are bracing for potential volatility across multiple asset classes.