January 19 News: Since January, Bitcoin (BTC) has shown a clear weakening trend. Against the backdrop of escalating US-EU geopolitical tensions triggered by Trump’s latest tariff stance, risk assets have come under pressure, and Bitcoin’s price has faced renewed selling pressure. In the past 24 hours, BTC has fallen nearly 2.5%, dropping to around $92,663. Multiple technical indicators and on-chain data suggest that early 2026 may be in the formation stage of a bear market structure.
Firstly, from a technical pattern perspective, the weekly chart of Bitcoin shows a “cloud distortion” in the Ichimoku Kinko Hyo. Analyst Titan of Crypto pointed out that the Leading Span A and Leading Span B have crossed at the weekly level, indicating a shift in future trend from bullish to bearish. Reviewing historical cycles, similar patterns often correspond to medium- to long-term correction phases, and do not necessarily lead to an immediate crash, but rather a gradual weakening of market structure.
The second signal comes from key moving average resistance. Currently, Bitcoin’s price remains below the 365-day moving average, which is around the $101,000 level. Coin Bureau believes that this area has repeatedly suppressed rebounds in the previous bear market, with prices unable to establish a solid footing, usually indicating that the market has not yet escaped the bear environment.
Third, looking at historical retracement patterns, Bitcoin experienced over 70% deep corrections after peaks in 2013, 2017, and 2021. The maximum decline in this cycle so far is just over 30%. Comparing with past rhythms, this retracement still appears insufficient, implying that the downward process may not be fully underway yet.
Fourth, macro cycle indicators also lean bearish. Some bull-bear cycle models show that Bitcoin has entered a bear market zone since October 2025, but has not yet reached an extreme stage. Historical experience suggests that before officially bottoming out, there are often more pronounced sentiment clearings.
Fifth, on-chain capital flow signals a warning. Recently, the number of wallets depositing into exchanges has increased, mainly from medium to large holders with holdings between 10–100 BTC and 100–1,000 BTC. Such funds typically represent strategic allocations rather than short-term noise, indicating that some large holders may be preparing for potential selling.
Overall, Bitcoin shows multiple bear market signals across technical indicators, historical models, and on-chain behavior. Although short-term rebounds may still occur, macro uncertainties and changes in capital structure mean that downside risks for BTC remain significant.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Breaks Above $1.40 as Spot ETF Inflows Hit $17.6M Milestone
XRP breaks $1.40 after Ripple partnership boosts investor confidence and market momentum.
Spot XRP ETFs record $17.6M inflows, signaling rising institutional demand and interest.
Technical indicators show resistance ahead, with support holding near $1.40 and $1.3840.
Ripple’s XRP is
CryptoNewsLand3h ago
PEPE Reclaims 0.00000400 — Is This 1.8% Move the Start of a Bigger Run?
PEPE rebounds from 0.00000385 support, forming higher lows and stronger bullish structure.
Technical indicators like MACD and RSI show momentum with room for further upside.
Key resistance at 0.00000410; support at 0.00000380 critical for trend continuation.
PepeCoin — PEPE, has
CryptoNewsLand7h ago
ETH drops 0.58% in 15 minutes: derivatives liquidity contraction and proactive position reduction dominate short-term pullback
From 2026-04-19 04:30 to 2026-04-19 04:45 (UTC), within ETH’s 15-minute candlestick chart, the return recorded -0.58%, and the price range was 2321.62 to 2342.04 USDT, with an amplitude of 0.87%. The short-term selloff occurred against a backdrop of increased overall market volatility and a broad decline in the prices of major crypto assets; overall market risk appetite clearly fell, and traders’ wait-and-see sentiment strengthened.
The main driver behind this abnormal move is a sharp contraction in liquidity in the derivatives market and leveraged funds proactively reducing positions. Data shows that over the past 24 hours, the ETH/USD perpetual contract trading volume dropped 67.16% to approximately 74.87 million, open interest edged down 3.33% to 329 million, and liquidation amounts did not expand unusually. This structure indicates that the market lacks the risk of passive cascades; more funds chose to proactively step aside and wait on the sidelines, intensifying short-term selling pressure.
In addition, the long/short structure in which shorts held the upper hand (long/short ratio 47.48%:52.52%) and sentiment synchronization with the panic range reinforced the downward price trend. During the same period, major coins such as BTC and SOL also fell 2%-3.4% in tandem, further showing that this pullback was driven by system-wide risk sentiment. On-chain funds did not show any large abnormal transfers or large-scale liquidations of DeFi protocols; spot and on-chain liquidity remained generally stable, and no sudden system risk resonance was observed.
Current volatility-related risks still need close monitoring, especially as overall risk appetite continues to contract—ETH’s short-term price may face further downside probing. Watch subsequent changes in derivatives trading volume and open interest, extreme shifts in the long/short ratio and funding rate, and promptly monitor on-chain fund flows, large transfers, and any signs of amplified platform net outflows. For more market anomalies and deeper analysis, please continue to follow our upcoming market updates.
GateNews8h ago
Spark Protocol's January delisting of rsETH proves prudent as Aave faces ETH liquidity crisis
Spark Protocol's strategy of delisting low-usage assets and tightening collateral has faced initial backlash but proved wise during market turmoil. While maintaining higher interest rate caps, SparkLend ensures liquidity, unlike Aave, which now faces significant risks.
GateNews9h ago
Request Network (REQ) Surges 23.68% in 15 Minutes, 24-Hour Gain Reaches 116.52%
Request Network (REQ) surged 23.68% in just 15 minutes, reaching $0.152, with a 24-hour rise of 116.52% and trading volume over $8 million. Factors include retail interest and whale accumulation. Resistance at $0.160 and support at $0.122 are under observation.
GateNews10h ago
Solana Price Stalls Near $80 as ETF Outflows Weigh
Solana trades around $80, facing bearish sentiment due to ETF outflows and declining retail participation. Technical indicators show mixed signals, with resistance at $87 and $98, while support at $77 remains critical for stability.
CryptoFrontNews14h ago
