2026-01-20 07:38:28

Bitcoin faced a sharp pullback exceeding 3% as key support levels around $88K-$90K showed signs of weakening. The sell-off carried hallmarks of a deleveraging event—a massive $25.83M liquidation on a single position underscored the fragility beneath current price ranges. Beyond on-chain dynamics, macro headwinds loomed: escalating trade tensions between the US and EU added another layer of downward pressure on risk assets.

Meanwhile, token performance painted a mixed picture. PUMP climbed 1.99% amid broader positioning shifts, while DUSK retreated 4.6%, signaling divergent risk appetite across alt-layer projects.

BTC-3,61%

PUMP-0,66%

DUSK-12,82%

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LiquidityWhisperer

· 10h ago

88K couldn't hold, gotta shake out again.

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GasFeeBeggar

· 10h ago

88K support is gone, time to cut losses again?

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FrontRunFighter

· 10h ago

$88k crumbles and suddenly everyone's shocked? nah, that $25.83M liquidation hit different—that's not fragility, that's a feature. someone knew what was coming before the candles even printed. dark forest strikes again while retail watches the macro news 🎭

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CrossChainBreather

· 10h ago

88K has been broken again, leveraged liquidation is really outrageous

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