Sell America Wave: Gold Strong, BTC Faces a Key $90K Test

Cryptocurrency News

Jan 21 crypto news is dominated by a renewed “Sell America” narrative as Japan’s bond sell-off spills into U.S. assets: safe-haven demand keeps gold at record highs, while crypto deleveraging puts Bitcoin around $90K and leaves Ethereum defending $2.7–$2.8K support.

Market Context: Safe Havens Surge, Risk Assets Under Pressure

Global markets were shaken by a sharp sell-off in Japanese long-term government bonds, spilling into U.S. markets and triggering a “Sell America” trade.

U.S. stocks, bonds, and the dollar sold off simultaneously.
Gold surged to a new all-time high near $4,888, driven by safe-haven demand.
Treasury yields spiked as concerns grew around fiscal discipline and geopolitical escalation.

This is not classic risk-off — it’s a confidence shock centered on sovereign risk, fiscal expansion, and policy uncertainty.

Bitcoin (BTC): Volatility Spike, Short-Term Divergence

Bitcoin price briefly lost the $90,000 level, erasing YTD gains amid heavy deleveraging.

Local low: ~$87,800
Current zone: ~$89,000–$90,000
24h liquidations: ~$764M
Sentiment: Extreme Fear (24)

Market views are polarized:

Bearish risk: Failure to reclaim $90K keeps downside pressure toward $85K and below.
Constructive signals: On-chain data shows whale accumulation, suggesting smart money is absorbing panic selling.

Key takeaway: short-term momentum is weak, but structural demand has not disappeared.

Ethereum (ETH): Defending a Make-or-Break Zone

ETH price is under pressure as broader risk aversion spills into crypto.

Key support: $2,700–$2,800
Loss of support: opens downside risk toward ~$1,700
Recovery trigger: reclaiming $3,350+

ETH is caught between fragile macro conditions and longer-term structural narratives. Near-term direction depends heavily on BTC stability.

Altcoins: Rotation, Not Broad Risk Appetite

Solana (SOL): despite price weakness, on-chain data shows continued whale accumulation.
Meme coins: speculative bursts on BSC driven by political headlines, highly unstable.
Overall: this is not an altcoin-friendly environment — leadership is narrow and short-lived.

CoinTR Insight

This is a macro-driven stress test, not a crypto-specific breakdown.

Correlated selling across U.S. assets highlights why diversification into hard assets (gold) is accelerating.
In crypto, forced leverage has largely been flushed — price action now reflects real positioning decisions.
Support zones matter more than headlines in this environment.

CoinTR’s deep liquidity and stable TRY–USDT order flow help users:

Navigate volatility without forced reactions,
Scale positions around key levels like $90K BTC,
Avoid overexposure during macro-driven liquidation waves.

Forward-Looking Takeaway

Gold strength signals hedging against systemic risk, not panic.
BTC below $90K keeps pressure elevated — reclaiming it is critical for stabilization.
ETH must defend $2.7K–$2.8K to avoid a deeper structural reset.

Bottom line: This is a confidence shock reshaping capital flows. Crypto is reacting to macro stress — not collapsing on its own. Direction will be decided by how markets digest sovereign risk in the days ahead.

2026-01-22

Legal Notice

The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.

ETF Outflows Hit Hard: BTC & ETH Under Macro Pressure Bitcoin Shows Early Buy Signals: $90K Becomes the Line That Matters prevIcon

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