Bitcoin experienced a sharp decline, erasing its gains for early 2026. According to CryptoSlate's data, the price fell below $90,000, reaching a low of $87,282. The downturn impacted the broader digital asset market, with Ethereum, XRP, Cardano, and Solana also experiencing losses. The decline resulted in over $1.5 billion in losses for traders holding long positions, according to CoinGlass. The drop was fueled by derivatives liquidations and genuine supply shocks. CryptoQuant’s data indicated aggressive selling in the spot market, with a negative reading of -$319 million on Jan. 20. Additionally, there was a surge in Bitcoin deposits into exchanges from whale investors.

Bitcoin experienced a sharp decline, erasing its gains for early 2026. According to CryptoSlate's data, the price fell below $90,000, reaching a low of $87,282. The downturn impacted the broader digital asset market, with Ethereum, XRP, Cardano, and Solana also experiencing losses. The decline resulted in over $1.5 billion in losses for traders holding long positions, according to CoinGlass. The drop was fueled by derivatives liquidations and genuine supply shocks. CryptoQuant’s data indicated aggressive selling in the spot market, with a negative reading of -$319 million on Jan. 20. Additionally, there was a surge in Bitcoin deposits into exchanges from whale investors.