2026-01-08 04:29:22

As the US December non-farm payroll report is set to be released on Friday (January 9th), the global markets have already fallen into a strange silence. This "wait-and-see" stance has everyone on edge—any slight movement could be amplified infinitely, triggering a domino effect of chain reactions.

**Key Supports Continuously Broken, The Rebound Ends Dramatically**

In the past 24 hours, Bitcoin has been retreating step by step. It first broke below the critical support level of $92,000, then lost the $91,000 mark—marking the first time since January that it has fallen below this integer level. From a technical perspective, this is not just a simple correction. More accurately, the entire rebound structure has been dismantled. The market focus has clearly shifted downward, and short-term dominance has shifted to the bears.

**Signals of "Failure" in Sentiment and Capital**

On the emotional front, the fear and greed index is now stuck at 42—better than the extreme panic levels before, but still firmly in the "fear zone." In the face of major macro events like non-farm payrolls, this emotional atmosphere is easily triggered further, turning into actual selling pressure.

The signals from the capital side are equally intriguing: Bitcoin spot ETFs are once again experiencing outflows, while Ethereum ETFs continue to absorb funds. What does this divergence indicate? Institutional investors have differing risk assessments for core crypto assets, and the market lacks a clear consensus.

**Global Risk Sentiment Moves in Sync**

It is important to note that this correction is not an isolated event in the crypto market. Overnight, global asset prices also experienced risk aversion, and the crypto market is just a microcosm of this larger volatility.

BTC1,15%

ETH1,88%

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0xOverleveraged

· 01-10 09:15

It dropped below 91 again… Non-farm payrolls this Friday are going to be explosive, it feels like a gamble right now. What are the institutions thinking? Bitcoin is flowing out while Ethereum is still buying in—what a game this is. Breaking 92, then 91— the rebound structure is completely ruined, and the bears have truly taken over. Fear index at 42, it doesn't sound so hopeless anymore, but I'm still panicking… waiting for the non-farm payrolls. Global assets are moving together; how can the crypto market stay unaffected? This is a domino effect. The capital divergence is so obvious, no one knows what the next move should be. Right now, it's all about gambling on the data. If nothing happens on Friday the 9th, it would be surprising.

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AirdropNinja

· 01-09 19:13

Let's wait for the non-farm payroll data, everything else is just talk for now. The night before the non-farm payroll report, the crypto market is eerily quiet... The bears are really aggressive this time, they couldn't even hold 91,000. Are institutions dumping Bitcoin to buy Ethereum? Interesting. The Fear Index is only at 42, indicating we're not at the true bottom yet... Global risks are dancing together, and we have to tremble along. This rebound died before it even started, hilarious. Non-farm payroll data will be released on Friday, I bet it will cause a surge. The capital is so divided, it shows no one understands the future trend. Now the bears are in control, the rebound structure is broken... this is what a bear market should look like.

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CommunityWorker

· 01-09 11:26

92k broke and I haven't realized it yet, now I can't even hold 91k. If there's another black swan in the non-farm payrolls, I'm quitting the scene directly. --- BTC is losing ETF money but ETH is still absorbing, institutions really can't see clearly. --- This wave of silence is a bit unsettling, feels like an explosion is imminent. --- The fear index is 42, what is there to fear? Once the non-farm payroll data is out, it will probably hit the bottom. --- The world is avoiding risk, crypto is just a backdrop, but it's okay. --- Is the rebound structure destroyed? I saw it coming long ago, it's only a matter of time before the bears regain the narrative. --- The capital divergence is so obvious, how much longer do I have to wait to buy the dip, brother? --- One non-farm payroll report can make the global market so tense, I just want to know if there's a bigger shoe dropping later.

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NonFungibleDegen

· 01-08 04:58

ngl ser, we're absolutely cooked if nonfarm surprises us. btc giving back 92k like it never happened... probably nothing tho

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AirdropSweaterFan

· 01-08 04:51

92,000 broke through, well, if it breaks, it breaks, anyway it's only a matter of time... Now just waiting for the non-farm payroll data, feels like it will be a turning point. If you ask me, this move by the institutions is a bit interesting, BTC outflows while ETH is still absorbing? Isn't this just gambling on who can survive until the end? Honestly, I'm a bit anxious, but not too much... Anyway, if it’s already fallen this far, how much lower can it go? Globally, everyone is pulling back, only our crypto circle is the most chaotic... But that's also good, at least it proves someone is still playing. Watching this index stuck at 42, it's bound to explode... We'll see what Friday brings.

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BlockTalk

· 01-08 04:51

The atmosphere on the night before the non-farm payrolls is indeed a bit oppressive... BTC has broken through two defenses in a row, and the bears are really here this time. --- 92000 couldn't hold, and 91000 is gone too. The rebound structure is gone as quickly as it appeared, which is a bit absurd. --- Stuck at the fear level of 42 and not moving, just waiting for a big move from the non-farm payrolls on Friday. --- Bitcoin spot ETF is still outflowing, institutions are not optimistic... On the other hand, Ethereum is still absorbing, and nothing seems to be aligned. --- Globally, everyone is risk-averse, and our crypto market is just a backdrop, in other words, following the decline. --- This strange silence is the most terrifying; it seems like nothing is happening, but in fact, everyone is waiting for the trigger point. --- The bears have already taken the narrative, and in the short term, this price will likely continue to be under pressure. --- Such severe capital divergence indicates that everyone really has no confidence in the future market.

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MissedAirdropBro

· 01-08 04:44

Once again sharpening the blades, not sure how the non-farm payrolls will shake things up --- 92k is gone, 91k is also gone, the bears really have the upper hand now --- The capital divergence thing is interesting, it feels like institutions are not unified in their opinions --- The 42 fear and greed index still feels like it needs to go lower --- Waiting to see if Friday will directly trigger a crash --- BTC outflows from ETFs are still bleeding, this signal is indeed not very good --- Global markets are plunging together, crypto can't escape this --- Starting to lose control, waiting until the non-farm payrolls reveal the truth --- The rebound structure has completely fallen apart, short-term bearish dominance --- With such tense sentiment, any little wind can blow everything away

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GateUser-a606bf0c

· 01-08 04:35

Non-farm payrolls are coming, the market is about to ignite... Once 92k breaks, you'll know what happens next. The current bearish wave is really fierce. BTC outflows from ETFs, ETH is still absorbing... Even institutions haven't figured it out, and retail investors are even more confused. The fear index at 42 indicates everyone is waiting for that black swan moment. Honestly, this period of silence is the hardest to endure, even more frustrating than a direct drop. If non-farm payrolls have another surprise on Friday... the dominoes could really fall. The divergence among institutions is so severe that it seems no one dares to take the plunge.

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