BTCUSD Today January 21: ETF Outflows, Liquidations Pressure $90K
Bitcoin price today is sliding toward the $90,000 zone on January 21 as risk-off mood, renewed U.S. spot Bitcoin ETF outflows, and over $500 million in long liquidations hit sentiment. At publication, BTCUSD trades near $93,634, keeping $90,000 support in focus while technicians watch $104,000 for trend repair. Ether and Solana also softened with broader crypto weakness, a setup Indian traders should track during late-night sessions. We break down drivers, key levels, and an actionable plan for the day. Volatility is elevated, so position sizing and clear stops matter.
Drivers and levels to watch
Bitcoin price today reflects a risk reset after tariff headlines and global equities weakness. U.S. spot funds saw renewed Bitcoin ETF outflows, pressuring bids, while over $500 million in long liquidations flushed leverage. Indian readers can track context via Economic Times source and Times of India source.
With Bitcoin price today near $93,600, the 50-day average at $90,298 is first support, then the psychological $90,000. The 200-day average at $105,731 and the $104,000 pivot cap upside unless reclaimed on a daily close. Bollinger lower band near $84,209 and an ATR around 3,253 frame expected downside if selling accelerates.
What the charts signal
Bitcoin price today sits in neutral gear. RSI at 48.9 shows neither overbought nor oversold. ADX near 25 signals a directional trend, but MACD below zero with a positive histogram hints at basing. Without a decisive close above $104,000, the base case is range trade with dips tested first into support.
Bollinger bands cluster between roughly $84,209 and $93,209, while Keltner channels span $83,600 to $96,611. With ATR near 3,253, daily swings of 3 to 4 thousand dollars are common. Plan entries and stops with that buffer, and avoid oversizing when Bitcoin price today whipsaws around U.S. macro headlines. Patience helps.
ETH and SOL: read-through for altcoins
ETHUSD trades near $3,282, down about 1% on the day. RSI sits near 49, with the 50-day average around $3,063 and the 200-day near $3,646. A close back above $3,370 would improve tone, while the Bollinger middle band near $3,009 is first support if the leader slips further.
SOL sits near $137.8 after a choppy bounce. It remains below the 200-day average at $172.48 and has fallen about 33% over three months, keeping rallies vulnerable. Bollinger bands of $115 to $141 and Keltner of $117 to $147 define the near-term box unless broader strength returns.
What Indian investors can do now
For Indian traders, most liquidity comes when U.S. markets are active, so late-night moves swing P&L. Bitcoin price today is quoted in USD, adding USDINR risk on local platforms. Factor in taxes and fees that affect net returns, including India’s 30% tax on crypto gains and 1% TDS on trades.
Let price lead. If dips probe $90,000 to $92,000, consider scaling entries with small size, using stops roughly one ATR, about $3,250, from entry. If price closes above $104,000, add on strength. If Bitcoin price today breaks $90,000 decisively, reduce risk and wait for a base near the 50-day average.
Final Thoughts
Bitcoin price today sits on a knife-edge between a deeper flush and a stabilising range. The mix of renewed Bitcoin ETF outflows, tariff-driven risk aversion, and more than $500 million in long liquidations has weakened bids. Yet the 50-day average around $90,298 and the psychological $90,000 give bulls a nearby line to defend.
Our base case is consolidation unless price closes above $104,000, which would reopen a path toward the 200-day average near $105,731. For India-based traders, respect volatility, size positions modestly, and plan around late-night liquidity. Use ATR-informed stops, map supports at $90,000 and $84,209, and be patient with entries. Capital protection beats chasing every bounce. Watch ETH near $3,370 for confirmation and SOL below $150 for signs of broader relief. Also account for USDINR moves, which can widen slippage on local platforms during volatile U.S. hours. A clear plan, disciplined sizing, and respect for levels will help you trade the next leg with confidence.
FAQs
Why is Bitcoin price today under pressure?
Risk appetite cooled after tariff headlines and equity weakness, while U.S. spot funds recorded Bitcoin ETF outflows. That drained bids and triggered over $500 million in long liquidations, pushing price toward $90,000. Until flows stabilise and buyers absorb supply, rallies may stay shallow and fade at nearby resistance.
What are the key levels for Bitcoin price today?
Immediate support sits near the 50-day average around $90,298 and the psychological $90,000. On the upside, $104,000 is the first pivot to reclaim, with the 200-day average near $105,731 above. A daily close beyond these marks would likely define the next directional move and shrink false breakouts.
How are ETH and SOL reacting to the drop?
ETH trades near $3,282, with resistance around $3,370 and the 200-day near $3,646. SOL hovers near $138, still below its 200-day at $172. Both remain sensitive to bitcoin-led swings, and confirmation for a broader bounce likely needs BTC strength and steadier ETF flow dynamics.
What should Indian traders focus on today?
Plan around late-night liquidity when U.S. markets drive price, and account for USDINR effects on INR returns. Use small position sizes, ATR-based stops, and scale entries near support. Remember India’s 30% tax on gains and 1% TDS on trades when setting targets and calculating net profitability.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
