Odaily News Bitcoin is maintaining consolidation above the $90,000 level, with multiple on-chain and market sentiment indicators turning positive simultaneously, releasing potential "buy" signals. Market focus is concentrated on whether this key support level can remain effective.
On the on-chain front, the Hash Ribbons indicator shows that the miner capitulation phase is gradually nearing its end and beginning to transition into the hash rate recovery zone. This indicator is based on the changes in the 30-day and 60-day moving averages of the network's total hash rate. Historically, it has often issued positive signals after the release of miner selling pressure and before the start of a new upward price cycle. Capriole Investments pointed out that the current price zone leans more towards a long-term accumulation range. On-Chain Mind also stated that this is one of the strongest Hash Ribbons signals in its records, typically indicating a reduction in forced selling.
Regarding sentiment indicators, the Fear & Greed Index has shown structural improvement. CryptoQuant data shows that its 30-day moving average has crossed above its 90-day moving average, forming a typical "golden cross." This pattern often appears after the market has experienced a prolonged downturn with prices in a compressed phase and has historically been followed by rebound trends in the subsequent weeks.
From a technical structure perspective, $90,000 is seen as the core battleground for the current bull-bear struggle. BTC is currently trading in the $90,000 to $92,000 range, which coincides with both the 200-period moving average on the 4-hour chart and key weekly support levels. Analysis suggests that as long as this level holds, the bullish structure remains intact. If the weekly chart loses the $90,000 level, the price could retreat to the $80,000 to $85,000 range, with further support located around approximately $74,500 and near the 200-week moving average.
Overall, the simultaneous improvement in on-chain data, sentiment signals, and technical patterns makes the $90,000 level a crucial gateway determining Bitcoin's short-to-medium-term price trajectory. (Cointelegraph)
Odaily News According to the Hong Kong Securities and Futures Professionals Association, the Hong Kong government plans to announce the 2026/2027 fiscal year "Budget" on February 25th, focusing on areas such as virtual assets and investor protection. Hong Kong has completed the preliminary regulatory infrastructure in the virtual asset field. The next step should shift focus to the commercialization and practical application of virtual assets. By unlocking liquidity in the RWA secondary market, accelerating product approvals, introducing international liquidity, and strengthening practitioner training, Hong Kong can upgrade from a market with clear regulations to a global virtual asset center with abundant liquidity and widespread adoption. This will also align with the national "15th Five-Year Plan" strategy for financial openness and the digital economy.
Odaily News Tether and licensed digital asset exchange Bitqik have announced a strategic initiative aimed at enhancing the financial literacy of the Lao people regarding Bitcoin and stablecoins. Bitqik is a locally licensed exchange offering brokerage and trading services for cryptocurrencies and other digital assets. Through this collaboration, Bitqik aims to expand the reach of blockchain technology by popularizing USDT and its role in promoting financial inclusion within the Lao market, fostering broader adoption of USD₮ in Laos's digital finance sector, and encouraging communities, students, and entrepreneurs to adopt stablecoin solutions.
Odaily News CryptoQuant analyst Axel stated on social media that between January 13 and 15, the "Bitcoin: Advanced Sentiment Index" rose to the extreme bullish zone of approximately 80%, coinciding with the price approaching the local high near $97,000. Today, the index has plummeted to 44.9%, falling from above to below the 50% neutral demarcation line. During the drop in the early hours of today, the single-hour liquidation amount exceeded $205 million. The spot oscillator surged to +97.96%, indicating that the liquidations were almost entirely dominated by long positions. The scale of liquidations shows this was forced unwinding rather than active selling, characteristic of the typical "sharp drop to clear leverage" pattern in an overheated market. If liquidation volumes continue to decline in the coming hours, it would signal that the deleveraging process is nearing completion.
Axel explained that the "Bitcoin: Advanced Sentiment Index" composite index integrates the volume-weighted average price, net active volume, open interest, and the long/short volume difference. Falling below the neutral line marks a shift in market structure and a deterioration in risk quality. If it can return above 50% and stabilize consistently, it would be the first signal of market stabilization; if it further declines toward the 20% high bearish zone, it could trigger a risk of deeper correction.
