January 11, 2026 — Bitcoin’s price action on Sunday showed renewed technical pressure as the world’s largest cryptocurrency slipped below its 50-week moving average, an event not seen since late 2023, according to price feeds and chart data reviewed by this publication. The break has been interpreted by technical analysts as increasing the risk of extended downside toward lower historical support levels.

Across Asia, Europe and the U.S., traders and quantitative desks reacted to the updated technical snapshot with adjustments to risk exposures in both spot and derivatives markets. In Singapore, liquidity providers said bid-ask spreads widened marginally in BTC spot pairs, while European institutional participants noted recalibrations of tactical risk models following the lower close.

On Sunday, Bitcoin’s slide continued a multi-session pullback from late December 2025 highs. The price had consolidated below key resistances in recent weeks, and the break of the 50-week average focused attention on the 200-week exponential moving average, which sits well below current levels and aligns with longer-term trend support.

Data reviewed by this publication showed Bitcoin had traded at roughly $90,605 on Sunday, a muted bounce that followed several days of declines. Technical commentary published the same day noted potential downside targets near $74,000, with extended support clustering around the mid-$60,000 range if key structures fail to hold.

Traders in New York said the correlation between Bitcoin and traditional risk assets has remained notable in recent months. Risk-off behavior in equities and broader markets has often coincided with compressed crypto liquidity, reinforcing bearish technical triggers, participants said.

On regional trading venues, Bitcoin’s inability to reclaim intermediate trend levels placed heightened focus on historical support zones. In London, technical traders pointed out that failing to hold critical near-term levels has prompted algorithmic systems to pull bid liquidity, contributing to a more fragile order book.

Market observers in Frankfurt noted that while weekend participation is typically lower, the break below the 50-week average had already been priced into some quantitative risk models. The resulting adjustments were seen in reduced quoted sizes away from narrow price bands, a behavior consistent with heightened uncertainty among institutional counterparties.

Despite technical headwinds, market participants said liquidity remained functional but thin outside core trading hours. Bitcoin’s spot order books displayed deeper bids at levels below current pricing, but aggressive buying interest was limited, particularly on European and Asian venues where participation is lower on Sundays.

Derivatives indicators reflected a cautious stance as open interest in BTC futures contracts declined from mid-week highs, and funding rates narrowed toward neutral. Traders in Singapore highlighted that tightening funding often indicates reduced confidence in persistent directional trends, with participants stepping back from high-leverage positions.

The broader crypto market mirrored Bitcoin’s behavior. Ethereum and major altcoins saw similar patterns of narrowing funding rates and declining derivatives open interest, indicating a general pullback in speculative risk appetite as technical thresholds were tested.

Institutional desks in New York said systematic strategies recalibrated risk allocations across correlated markets, trimming crypto exposure in multi-asset portfolios that integrate equities and credit signals alongside digital asset components. These adjustments were part of broader tactical responses to changing technical and macro environments, participants said.

Price action on Sunday remained reactive to the technical developments, with Bitcoin oscillating within a tighter range and failing to reassert control above the breached moving average. Market participants said this consolidation has prompted reassessment of near-term risk, with some tactical traders favoring liquidity preservation over directional bets ahead of the week’s opening.

As of late Sunday, Bitcoin’s price reflected these structural influences, with both spot and derivatives markets adapting to the evolving technical landscape. Reporting from major trading hubs suggests that models and positioning will continue to be updated as liquidity returns and participation increases during the coming week.

Disclaimer: Crypto assets are volatile and involve risk.
This content is for informational purposes only.

Global Markets Desk | DECODE THE CRYPTO
covers global crypto markets, regulation, and institutional trends.