Bitcoin experienced a short-term correction on January 8th, closing at $90,240, down 1.76% over 24 hours. The price briefly fell below the $90,000 support level during the day, with highs and lows fluctuating between $90,652 and $92,847. Market trading volume reached $44.25 billion. The selling pressure mainly stemmed from two factors: first, profit-taking by investors; second, the chain reaction caused by the MSCI index rule change. Data shows that 137,800 traders were liquidated as a result, marking the strongest sell-off since December 23rd.

However, from a long-term perspective, the support foundation remains solid. Bernstein's analysis team maintains its target price of $150,000 in 2026, reflecting institutional optimism about Bitcoin's medium-term development. ETF capital continues to flow in net, and the market remains institution-led. Moving forward, close attention should be paid to whether the $90,000 level can hold, as well as the potential macroeconomic volatility resulting from the final decision on the US tariff policy on Friday.