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.

On January 20, veteran market technician Peter Brandt highlighted a bearish setup on Bitcoin's daily chart that, in his view, leaves room for a decline toward the $58,000–$62,000 area. He argued that BTC has slipped from a topping pattern, failed to regain former support near $98,000–$102,000, and is now trading in a corrective channel, while spot prices hover around $90,991 with muted momentum and key moving averages acting as resistance. Brandt emphasized that this projection is probabilistic, not guaranteed, and framed it within disciplined risk management.

On January 19, silver crossed $94, intensifying debate between precious‑metal advocates and crypto investors. Peter Schiff linked the metal's rally to a looming Bitcoin downturn, saying on X that the cryptocurrency could suffer a sharp collapse, while BTC's brief move above $97,000 earlier this month failed to hold.

On January 20, 2026, on-chain data indicated that Bitcoin whale inflows to Binance fell from $7.88 billion on November 24 to $2.74 billion, with total exchange inflows dropping by more than $5.14 billion in nearly two months. Analysts say this reduction in sell-side pressure, alongside a move in the Bitcoin Fear and Greed Index to a neutral 42 and a newly formed Golden Cross, could support a potential price rebound even as BTC trades around $91,083 after recent geopolitical-driven weakness.

Bitcoin slipped below $95,000 after a pullback from near $98,000, while U.S. spot ETFs flipped from $1.3 billion in outflows to $1.7 billion in inflows. BlackRock's IBIT collected $1.035 billion during the January 12–16 trading week. Glassnode data indicates easing sell pressure and renewed accumulation despite price consolidation.

On Jan 19, 2026, CryptoQuant CEO Ki Young Ju said institutional demand for Bitcoin remains strong, citing about 577,000 BTC (roughly $53 billion) added to US custody wallets over the past year, with ETF holdings included. Meanwhile, Peter Brandt forecast a decline toward $60,000, potentially $50,000, from around $91,000.

Recent on-chain data indicates that institutional custody wallets and spot Bitcoin ETFs have accumulated about 577,000 BTC, valued at roughly $53 billion, over the past year. Large holders now control significantly more Bitcoin than two years ago, while US spot ETFs have seen net inflows and corporate treasuries have expanded their BTC positions, reducing the supply available on exchanges.

On January 20, 2026, analysis showed about 4.9 million BTC—valued at over $455 billion—are vulnerable to potential quantum attacks due to address reuse, up 16% since 2020. Address reuse exposes public keys on-chain, expanding the attack surface even though no powerful quantum computer is publicly available.