BTC Slips to Yearly Low as Leverage Unwinds Below $85K
The post BTC Slips to Yearly Low as Leverage Unwinds Below $85K appeared on BitcoinEthereumNews.com.
Bitcoin’s (BTC) strong start to the year has been fully erased, with its price slipping to a new yearly low below $84,000. Analysts viewed this move as part of a broader corrective phase rather than a structural market breakdown, driven by aggressive futures deleveraging rather than sustained selling in spot markets. Key takeaways: BTC fell to $83,400 and traded at the lower limit of the 10-week consolidation range that has capped its price since Q4. Bitcoin taker sell volume spiked to about $4.1 billion over just two hours, suggesting futures-driven flows rather than spot selling. Futures liquidations send BTC to new lows The latest drop keeps Bitcoin trapped inside a 10-week range that has defined price action since Nov. 17, 2025, with weekly closes capped from $94,000 to $84,000. That structure is now being tested again as BTC trades near levels last seen in early December, raising the risk of a deeper move if buyers fail to defend current support. Bitcoin one-week chart. Source: Cointelegraph/TradingView Selling pressure intensified during the New York trading session, with Bitcoin sliding nearly 4.4% to $83,400 from $88,000. The move wiped $570 million in long positions, underscoring how leveraged the market was before the dip. CryptoQuant data showed the pressure was concentrated and aggressive. Bitcoin taker sell volume surged to about $4.1 billion in two hours across all exchanges, pointing to forced selling rather than gradual spot distribution. Bitcoin Taker Sell Volume. Source: CryptoQuant Onchain tracker Lookonchain highlighted the impact on a prominent trader, noting: “The market just crashed, and #BitcoinOG (1011short) is taking heavy losses on his massive long positions. In just 2 weeks, he has lost $138M, with total profits dropping from $142M+ to just $3.86M.” Related: Bitcoin rallies expected to be short-lived until liquidity returns: Data Analysts see a corrective regime, not a…
Filed under: News - @ January 30, 2026 3:27 pm