CoinEx Daily: Bitcoin Faces Downward Pressure from ETF Outflows and Weakening Momentum

Daily View

Bitcoin's rebound momentum is weakening, with analysts noting the current drop is due to fading early-year momentum, risk-off sentiment ahead of U.S. jobs data, and ETF outflows. Key support is seen near $89,200, and a break below $90,000 could trigger significant long liquidations. The probability of Bitcoin reaching $100,000 in January has fallen to 29% on Polymarket.

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