Bitcoin fell below $88,000 on January 25, 2026, following elevated transaction fees on the Solana network and significant whale transfers to the Binance exchange, according to on-chain data.
Bitcoin faces bear market
The cryptocurrency declined over both the prior 24-hour and seven-day periods at the time of reporting, with the drop coinciding with two notable on-chain developments, according to analyst Taha.
Large Bitcoin holders moved substantial amounts of the cryptocurrency to Binance on January 21, according to the analyst. Such exchange inflows have historically aligned with distribution or positioning ahead of selling, though they do not guarantee immediate price declines
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