Wintermute: Bitcoin pulls back after surpassing $95,000, tariff news triggers $850 million liquidation

DeepFlowTech · 2026-01-20T10:48:03+00:00

Bitcoin first broke through $95,000 due to ETF capital inflows and soft inflation data, but quickly retreated to $92,000 due to Trump's tariff plans. The market is focused on Trump's forum, the EU summit, and core PCE data. If it can hold above $90,000, the breakout trend is expected to continue.

DeepFlowTech

2026-01-20 10:48:03

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Deep Tide TechFlow News, January 20th, Wintermute’s latest market report shows that Bitcoin, supported by strong ETF capital inflows( of $1.4 billion in a single week) and soft inflation data, has broken through the $95,000 level for the first time, reaching close to $98,000.

However, news that Trump plans to impose a 10% tariff on eight European countries(, with the plan increasing to 25% in June), triggered market turbulence, causing Bitcoin to quickly fall back to $92,000 and triggering $850 million in long liquidations. This week, the market will focus on Trump’s participation in the Davos Forum, the EU emergency summit, and core PCE data on Friday. Wintermute’s analysis suggests that if Bitcoin can hold above $90,000 this week and ETF capital inflows remain positive, the upward breakout trend may continue.

BTC0.93%

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