2026-01-18 12:22:10

Bitcoin holding near the $98K mark but momentum is fading fast. Spot demand has dried up while traders are locking in profits on short positions. The price dipped below $95K after hitting that resistance level, and the technicals aren't painting a pretty picture—Coinbase premium has collapsed, and we're seeing a bearish divergence in CVD. Add 40K+ BTC getting liquidated and open interest dropping, and you get a market that's caught its breath. Bulls need to reclaim $97K to restore some conviction here. Otherwise, we're likely looking at more consolidation and sideways action.

BTC-0.66%

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AirdropAnxiety

· 2h ago

It's starting to fluctuate again, and this time there's really no strength left to push higher.

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OnchainFortuneTeller

· 2h ago

They're starting to cut the leeks again. Don't believe in technical analysis; 99K is just a joke.

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CoffeeNFTs

· 2h ago

I'm just saying, although this wave didn't break a new high, it's already losing momentum. 40K BTC liquidation, spot demand is gone, Coinbase premium is directly underperforming... It really takes 97K to come back to life, otherwise just wait and see sideways trading here.

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0xSleepDeprived

· 2h ago

Damn, they're selling off again. This rhythm feels all too familiar.

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NFTArchaeologis

· 2h ago

Looking at this trend, it somewhat resembles a correction phase in the collectibles market. After the initial hype subsides, true collectors start to take action — and this is exactly that stage. Coinbase premium has collapsed, indicating that the narrative in the primary market has failed, leaving only a reassessment of the fundamentals.

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CryptoPhoenix

· 2h ago

It's the same market situation again... Can't even hold 98K, I'm used to it [laugh-cry]. Honestly, when I saw Coinbase premium collapse, I was a bit shaken, but then I thought— isn't this an opportunity? Such a severe decline actually indicates that the bottom is forming. Be patient and wait for the value to return.

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