Hot Coins | BTC Faces 91K Threat! Is GOLD the Ultimate Safe Haven?

Market Overview

On January 20, the crypto market experienced significant volatility. As of press time, the total market capitalization has contracted to $3.09 trillion, a 24-hour decline of approximately 1.23%. BTC briefly dipped below $92,000 and is currently hovering around the $91,000 level.

Regarding market sentiment, the "Greenland" incident continues to escalate. With risk-off sentiment spreading, the Crypto Fear & Greed Index dropped from 50 to 42, threatening to slip back into the Fear zone at any moment.

On the macro front, the Trump administration unexpectedly announced tiered tariffs on European nations (stemming from the Greenland dispute), with an initial rate of 10%. Following the Martin Luther King Jr. Day market closure, US equity futures are expected to open on a bearish note, and the situation shows no signs of easing.

Traditional safe-haven assets, Gold and Silver, sustained their rally today. Spot Gold breached the $4,700 mark, hitting a new all-time high. In contrast, Bitcoin has exhibited stronger "Risk-on" asset characteristics, declining in tandem with European equities during the initial panic.

Another disruptive factor is Japanese Prime Minister Sanae Takaichi’s announcement of snap elections. Japan’s 10-year government bond yields surged to their highest levels in nearly 27 years, posing a potential threat to global liquidity.

In industry news, the NYSE has officially filed with the SEC to launch a new "Tokenized Securities Trading Platform." The platform plans to support 24/7 trading and near-instant on-chain settlement for US stocks and ETFs, allowing a 1:1 swap between tokenized and traditional shares. Holders will retain dividend and governance rights. Long-term, this move will significantly broaden compliant capital entry into the crypto market and accelerate the "On-chain" migration of traditional finance.

Hot Coin Analysis

BTC: Approaching the $90K Support; Watch for Cascading Long Liquidations

Weighed down by macro uncertainties, Bitcoin is undergoing its largest correction since the start of the year. A "Double Top" pattern is emerging on the daily chart, with price nearing a retest of the ascending trendline support from December. If risk-off sentiment persists, BTC may move to fill the gap near $86,000. Traders should remain cautious of cascading liquidations among leveraged long positions.

AXS: Tokenomics Optimization Drives a 22.43% Counter-Trend Surge

AXS, the governance token of blockchain gaming pioneer Axie Infinity, surged 22.43% today despite the broader market pullback, making it the market standout. Fundamentally, Axie Infinity recently introduced bAXS—a non-transferable token bound directly to user accounts—while significantly reducing SLP rewards in Origins mode. These dual measures have drastically improved the health of the token's supply-demand dynamics.

ROSE: Privacy AI Narrative Fuels a 38.9% Weekly Gain

ROSE is the native token of Oasis Network, focusing on the intersection of privacy and AI. ROSE has gained 38.9% over the past week, primarily driven by the AI narrative. While experiencing a pullback today due to tightening market liquidity, the 4-hour moving averages remain in a bullish alignment. Short-term focus should be on the $0.017 support level.

GOLD: Gold Prices Skyrocket; The Ultimate Safe Haven?

Risk aversion has reached a fever pitch. As of press time, spot Gold has soared above $4,720, once again rewriting the record books. Trading volume for on-chain tokenized gold contracts has climbed in tandem, indicating that significant crypto capital is rotating into gold assets. Given that macro uncertainties are not yet fully priced in, shorting is currently not recommended.

(Market data source: BTCC)

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Risk Warning: Some of the views in this article are drawn from public media sources and are for reference only. They do not constitute any investment advice or trading recommendation. Markets involve risks, and trading should be approached with caution. Please ensure you have appropriate risk controls in place.