$BTC What is happening today, January 20, is that the market has entered panic mode due to Trump's new trade war with Europe. The threat of tariffs of 10% (which would rise to 25% in June) if they don't sell Greenland scared investors, who are fleeing risky assets like Bitcoin to take refuge in physical gold and cash.
This is clearly evident in the options market, where professionals are already giving a 30% chance that Bitcoin will fall below $80,000 before mid-year. There are many active bets pointing to $75,000 as the next major floor. Right now, the lifeline is $90,000; if we lose that level, automatic liquidations could give us a much bigger scare. The optimism at the beginning of the year came to a sudden stop, and smart money prefers to pay for downside insurance rather than continue buying blindly.
BTC
88,606.77
-1.12%