2026-01-08 09:26:30

Bitcoin staged a classic short-term versus long-term battle on January 8, 2026. The intraday quote was $92,623.82, down 0.6%, which is already a rebound from the high of $94,420—profit-taking by quick-money funds. Market data confirms this, with the 25-hour moving average of "net active selling volume" dropping to -$19 million, the strongest selling pressure since December 23, indicating that sellers currently hold the power.

Interestingly, the institutional side's attitude is completely different. Bernstein made a statement yesterday, saying that the crypto market bottomed at $80,000 in late November last year, and is expected to surge to $150,000 in 2026 and $200,000 in 2027. The logic is that the "tokenization super cycle" will continue to attract institutional inflows. Morgan Stanley even sent a signal—deciding not to liquidate holdings of crypto assets in listed company stocks—indirectly alleviating potential concentrated sell-off risks, injecting market confidence.

The current contradiction is quite clear: short-term technical adjustments versus strong fundamentals are in opposition. The passive fund rebalancing triggered by the Bloomberg Commodity Index annual reweighting has indeed suppressed risk assets, including cryptocurrencies, in the short term. But on the flip side, expectations of Fed rate cuts are heating up, and funds are still flowing into spot ETFs—these are supports that Bitcoin can rely on.

The next variable lies in the implementation of US tariff policies; macro volatility may rise again, and close attention must be paid to key price levels.

BTC0,55%

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CryingOldWallet

· 01-08 21:31

The selling pressure is so strong, yet you still dare to tell me 150,000. Is Bernstein just making up stories again? I'm relieved that institutions are not clearing out their positions, so let's keep accumulating. Morgan Stanley's move was very skillful, injecting a psychological vaccine into the market. Before the tariff policy is implemented, this wave of volatility is inevitable; stay calm. In the short term, sellers are dominant, but in the long term, fundamentals matter. Spot ETFs are continuously flowing in. If 92,623 drops again, I will dare to add to my position, as the bottom has already been confirmed. It's just a short-term correction, don't take it too seriously. Bitcoin still needs to break 150,000.

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NotFinancialAdvice

· 01-08 09:56

Short-term sharp sell-offs are fierce, but institutions remain as steady as a mountain. That's the real highlight. Although selling pressure is high, the $150,000 target is still there. Morgan Stanley's move this time is interesting. Tariff policies are the real bombshell. How it will unfold depends on that. Bernstein is hyping it up quite a bit. Whether you believe it or not, I'm waiting for key levels. The signals for institutions to bottom fish are so obvious, retail investors are still selling. Old tricks. Being passively rebalanced in the short term can be managed, but the long-term logic hasn't changed. Large funds will gradually enter. Around 92,600, a rebound is probably coming. The selling pressure is so intense that something seems off. This wave is a dialogue between quick money and long-term money. Who will win? We'll see. Once the Federal Reserve cuts interest rates, we need to review the market again.

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FOMOSapien

· 01-08 09:56

The selling pressure is so heavy, retail investors are probably still buying the dip... When institutions say 150,000, I just smile. Let's first see the tariff policy; that's the real black swan.

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LootboxPhobia

· 01-08 09:39

Retail investors cut losses, institutions buy the dip, this routine is really clever haha Institutions are again bullish, let's see if we can hold steady at 90,000 With such strong short-term selling pressure, Morgan Stanley comes out with a nice comment at this time, do they understand what a support level is? 15K, 20K, they say it so easily, better to first hold the 92K and then boast Federal Reserve rate cuts, ETF inflows, tariff policies... with so many variables, who can predict them all? It's either bottom theory or super cycle, I just want to ask if these two institutions' reports can be taken seriously Those still willing to buy in such strong selling pressure are really tough It's basically a tug-of-war between short-term and long-term, retail investors are caught in the middle and getting squeezed Seeing the institution's attitude so firm, but in the short term, we still need to watch out for the black swan of tariffs

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NFT_Therapy