TechFlow news, January 20: Wintermute's latest market report shows Bitcoin initially broke through the $95,000 mark—reaching nearly $98,000—supported by strong ETF inflows (a record weekly $1.4 billion) and soft inflation data.
However, market turbulence followed after Trump announced a 10% tariff on eight European countries (planned to increase to 25% by June), causing Bitcoin to rapidly drop back to $92,000 and triggering $850 million in long liquidations. This week’s focus will be on Trump’s participation in the Davos Forum, the EU emergency summit, and Friday’s core PCE data. Wintermute analysis suggests that if Bitcoin can hold above the $90,000 level this week and ETF inflows remain positive, the upward breakout trend could still continue.
