Coinspeaker
Jan 8, 2026
4 0

Crypto Market Liquidations Reach $450 Million as Bitcoin Falls Below $90,000

The cryptocurrency market is experiencing significant selling pressure:

  • Bitcoin price dropped by 3%, falling below $90,000.
  • Total crypto market liquidations have surpassed $450 million, with top altcoins like Ethereum, BNB, XRP, and Solana seeing declines between 4-8%.
  • The total crypto market capitalization decreased by approximately $97 billion, reaching around $3.08 trillion.
  • The Crypto Fear and Greed Index has fallen to 28, indicating a "fear" sentiment in the market.

Crypto Fear and Greed Index | Source: Alternative.me

Bitcoin-specific developments include:

  • Bitcoin shows sideways movement after being rejected at $94,000, now under support at $90,000.
  • A significant buy wall exists near the $88,000 level, which could offer support.
  • Bitcoin ETFs report major outflows, with $486 million leaving on Jan. 7, led by Fidelity’s FBTC ($247 million) and BlackRock’s IBIT ($130 million).

Market volatility is influenced by rising geopolitical tensions and macroeconomic uncertainties, causing traders to reduce exposure.