On January 20, 2026, Delaware Life Insurance Company, a Group 1001 subsidiary with $60B in assets under management, introduced BlackRock's U.S. Equity Bitcoin Balanced Risk 12% Index into three fixed indexed annuity products. The strategy uses the iShares Bitcoin Trust ETF to provide Bitcoin price exposure while maintaining principal protection features and targeting 12% volatility. This move makes Delaware Life the first U.S. insurer to integrate cryptocurrency-linked exposure into its annuity structure.

Bitcoin is consolidating around $89,600 after a near 4% daily drop, with price action hinting at a potential double-bottom near $89,000 and nearby resistance at $91,000 and $92,500–$93,000. CoinShares reported $2.17 billion of crypto ETP inflows last week, including $1.55 billion into Bitcoin, while Coinglass data shows futures open interest up about 13% since January 1.

Bitcoin fell under $90,000 on 21 January and touched $89,162 before stabilizing near $89,368, a 1.9% session drop, per TradingView. According to CoinGlass, crypto liquidations totaled $708.88m in the past 24 hours, with $648.78m from longs and $60.09m from shorts, highlighting a leverage flush skewed against long positions.

On January 20, 2026, Bitcoin dropped below the $90,000 mark after repeatedly failing to break through a key resistance band. The decline has coincided with heavy derivatives positioning, a clear reduction in open interest, and a wave of long liquidations that pushed the price into a lower trading range. While the move has sparked debate over whether it marks deeper weakness or a structural reset, current market data points more toward controlled deleveraging than a disorderly sell-off.

On Tuesday, Bitcoin slipped below $90,000, and multiple analysts warned of sustained sell-side pressure driven by inflows from large holders. CryptoQuant data indicates newer whales (UTXO age under 155 days) now control more realized capital, with a cohort realized price near $98,000 and about $6 billion in unrealized losses, keeping $85,000 in focus.

Bloomberg Senior Commodity Strategist Mike McGlone warned that the Bitcoin/gold ratio sits near 20x after five years and could revert toward 10x. He noted a late‑2024 peak near 40 and recent slippage, with BTC around $91,000 and gold above $4,700, while recent moves show a 2.3% daily drop, a 1.7% weekly dip, and a 3% monthly rise.

Strategy said it purchased 22,305 BTC between January 12 and 18 for ~$2.13 billion at an average ~$95,284 per coin. As of January 19, 2026, its holdings stand at 709,715 BTC, acquired for ~$53.92 billion at an average ~$75,979 per BTC. The move marks the company’s third Bitcoin buy of 2026 and one of its largest weekly adds in months.

Bitcoin is retesting support near the $90,000 area after failing to hold above $100,000, with a dense liquidation cluster around $88,000–$89,000 seen as a short‑term draw. A new 10% tariff package is set to take effect on Feb. 1, and analysts differ on whether a deeper pullback toward $74,000 could follow.