On January 10, 2026, the cryptocurrency market exhibited a typical consolidation pattern. Early trading lacked strong momentum, and the market is exploring new support levels at the beginning of 2026.

From the sentiment perspective, the Fear & Greed Index dropped to 27, indicating extreme fear. It decreased by 1 point from yesterday's 28, suggesting that cautious sentiment continues to spread, with panic dominating the current trading mindset.

Several key factors are driving the market forward: First, the U.S. Supreme Court is scheduled to rule on a case regarding tariff policies this week, and the market is awaiting the outcome; second, institutional investors are taking profits at short-term highs, and the volatility of spot ETFs has increased overall instability; third, Japanese government bond yields are rising steadily, putting pressure on the yen to depreciate. These factors combined are putting significant pressure on Bitcoin.

From a technical standpoint, the probability of continued sideways decline in cryptocurrencies remains high. Whether Bitcoin can hold the $90,000 level is a critical point; once broken, the next support level will be around $87,000. The market is directionless and highly volatile, which creates enormous psychological pressure for traders—both longs and shorts face significant risks.

Liquidation data reflects the intense market volatility. In the past 24 hours, a total of 80,277 traders were liquidated globally, with total liquidation amounting to $201 million. Among these, long positions accounted for $122 million, and short positions for $79.67 million, indicating that longs suffered greater losses.

In this situation, the most prudent approach is to hold cash and wait for clearer opportunities to emerge.