#CZ #加密市场观察 2026 January 21, 2023, focuses on core hotspots in the cryptocurrency market, highlighting the significant market downturn and industry dynamics as follows: The cryptocurrency market experienced a sharp decline due to macroeconomic risks, with Bitcoin hitting a daily low of $87,924, breaking below the critical support level of $88,000, and at one point dropping nearly 5% in a day. It is currently fluctuating around $89,000; Ethereum performed even worse, plummeting over 7% to a low of $2,924, struggling to rebound after losing the psychological barrier of $3,000, and is currently consolidating around $2,960. This sharp decline was driven by threats of tariffs from the US and Europe and turmoil in the Japanese bond market, leading to a global risk-averse sentiment. Funds are rapidly flowing into traditional safe havens like gold, which has reached an all-time high. In the past 24 hours, over $1 billion in contracts have been liquidated across the network, affecting 180,000 people, with over 90% being long positions. The market's fear and greed index has dropped to 24, falling into 'extreme fear'. $BNB $BCH $LTC

Regarding industry dynamics, as of that day, Binance's top figure He Yi did not post any related criticisms regarding Chinese Meme coins on the X platform, and her recent tweets only addressed the 'sudden resignation' incident of a former employee, unrelated to the market downturn. Previously, the controversy surrounding the Chinese Meme coin derived from her early tweets is still simmering, but the current market focus has completely shifted to macroeconomic risks and price volatility. Short-term trading needs to pay close attention to the effectiveness of support levels at $87,000-$88,000 for Bitcoin and $2,900 for Ethereum, with risk aversion as the primary strategy.

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