Bitcoin climbed back above $90,000 on Jan. 21, reaching $90,028, HTX market data show. The move marks a renewed advance for the BTC/USD pair.

Bitcoin fell to $89,400 on Jan. 21, while whales and sharks continued accumulating, Santiment data show. Addresses holding 10 to 10,000 BTC added 36,322 BTC (+0.27%) over the past 9 days, as holders of sub-0.01 BTC cut 132 BTC (-0.28%). Santiment noted breakouts often occur when smart money buys as retail sells; excluding geopolitical factors, this flow pattern has been forming a bullish technical divergence.

An unidentified whale opened a 20x leveraged long position on 84.37 BTC at an average entry of $89,566.8 at 12:47 on Jan. 21, HyperInsight data show. The position was slightly in unrealized loss. The address showed frequent transfers, with the largest single deposit reaching 1000 万枚 USDC.

US spot Bitcoin ETFs recorded combined net outflows of $479.7 million on Jan. 21, Farside Investors data show. Grayscale's GBTC led outflows at $160.8 million, followed by Fidelity's FBTC at $152.1 million and BlackRock's IBIT at $56.9 million. Other outflows included ARK's ARKB ($46.4 million), Bitwise's BITB ($40.4 million), VanEck's HODL ($12.7 million), and Franklin's EZBC ($10.4 million).

Bitcoin faces elevated liquidation risk on centralized exchanges, with Coinglass data cited by BlockBeats on Jan. 21 showing a move above $97,000 could trigger about $1.49 billion in short liquidations, while a drop below $87,000 may force roughly $806 million in longs. The liquidation map reflects relative intensity rather than exact values, highlighting these levels as key volatility zones for traders.

Anthony Scaramucci, CEO of SkyBridge Capital, said Bitcoin's long-term outlook remains intact and he hopes for a return to $125,000–$150,000, BlockBeats reports. Speaking at Davos on Jan. 21, he said the drop from last year's peak reflects consolidation and called himself cautiously optimistic.

Bitcoin’s Relative Strength Index (RSI) versus gold has fallen below 30 for the fourth time since 2015, BlockBeats reported, a level that has historically preceded major trend shifts. Previous dips in 2015, 2018, and 2022 were followed by sharp moves—either further drawdowns before rebounds or strong outperformance versus gold. The latest signal, emerging in late 2025, comes as gold surged 64% in 2025 and gained another 10% early this year, providing historical context for a potential turning point.

Tom Lee, chairman of BitMine, said on Jan. 21 he expects U.S. equities to pull back 15% to 20% this year before finishing strongly, driven by a more dovish Federal Reserve stance, BlockBeats reports. Lee told Wilfred Frost's "Investment Masters" podcast that 2026 will likely resemble 2025, with blockchain and artificial intelligence sectors benefiting from supportive conditions while tariffs and political divisions initially weigh on markets. He added that Bitcoin will set a new all-time high this year, though he did not repeat his earlier $250,000 projection.