According to @CryptoMichNL, Bitcoin (BTC) just posted its heaviest crash on record, with the 3-day MACD dropping to its deepest level ever based on his chart analysis; source: @CryptoMichNL on X, Jan 8, 2026. He states the decline surpassed the 2022 LUNA capitulation, the 2020 COVID crash, and the 2018 bear-market selloff in severity; source: @CryptoMichNL on X, Jan 8, 2026. He adds that buying during those historical extremes has every time led to large profits afterward, framing today’s conditions as comparable to past high-reward zones; source: @CryptoMichNL on X, Jan 8, 2026. He provides no specific price targets or timelines in the post, emphasizing the historical analog rather than forward guidance; source: @CryptoMichNL on X, Jan 8, 2026.

According to @glassnode, BTC broke below 90,000 dollars and tested 80,000 dollars before a mild rebound, highlighting pressure around key levels, source: @glassnode. Momentum remains oversold but shows early signs of exhaustion, indicating selling intensity is moderating, source: @glassnode. Derivatives and spot flows remain weak, pointing to orderly de-risking rather than aggressive risk-taking, source: @glassnode. Short-term market tone is risk-off, with both price action and flow data aligning with a controlled unwind, source: @glassnode.

According to @glassnode, BTC’s downtrend pushed spot prices to $93,000 while momentum is oversold and sell-side pressure is easing, with flows and on-chain activity softening. @glassnode reports these conditions indicate early signs of stabilization in the $94,000–$100,000 range, making that band the key near-term area to monitor for confirmation of trend stabilization.