Bitcoin Falls to $90,000 as Yen Carry Trade Strategy Puts Pressure on BTC

Jakarta, Pintu News – After an impressive rebound at the start of 2026, Bitcoin (BTC) price has been pushed back to the $94,000 range. The major crypto asset dropped below the $91,000 level on Wednesday, January 7, amid growing medium-term concerns of potential continued bearish pressure due to weakness in the Yen carry trade strategy.

Bitcoin Price Drops 2.07% in 24 Hours

On January 8, 2026, Bitcoin was priced at $90,903, or approximately IDR 1,532,996,220 — marking a 2.07% decline over the past 24 hours. During this time, BTC hit a low of IDR 1,527,062,422 and reached a high of IDR 1,563,663,341.

As of this writing, Bitcoin’s market capitalization is around IDR 31,409 trillion, while its 24-hour trading volume has dropped by 28% to IDR 817.82 trillion.

Read also: Ethereum Price Drops to $3,100 Today: ETH Whales Getting Optimistic?

Bitcoin Experiences Liquidity Crisis Amid Weakening Yen Carry Trade Strategy

Bitcoin and the altcoin market as a whole are facing increasing short-term selling pressure, as the unwinding of the Yen carry trade strategy continues. The latest interest rate hike by the Bank of Japan (BoJ) prompted investors to reduce exposure to crypto assets, resulting in a weakening of the strategy.

Liquidity outflows from Bitcoin and altcoins – used to repay Yen-denominated loans – are putting pressure on medium-term bullish sentiment. On the December schedule, the BoJ raised its interest rate to 0.75%, which made Yen-based loans less profitable globally.

Based on trading data from TradingView, BTC prices closed the fourth quarter of 2025 with a bearish outlook, amid strong global fundamentals, which suggests a correlation with Yen movements.

A clear sign of Bitcoin’s liquidity outflow was seen in the $243 million exit from the spot BTC ETF in the United States.

Read also: Arthur Hayes: Why Venezuelan Oil Matters for Bitcoin’s Future

The Big Picture

According to Tom Lee, a renowned Wall Street analyst and major crypto investor, the parabolic spike in gold prices throughout 2025 is a strong indicator of bullish sentiment for crypto in 2026.

Based on data from Bloomberg, gold has recently managed to surpass the US dollar as the main global foreign exchange reserve.

With Bitcoin now being widely adopted as a form of digital gold, the cryptocurrency is well-positioned to experience a major rally in the coming months.

Moreover, the ongoing Quantitative Easing (QE) policy by the Federal Reserve is expected to drive a shift towards risk-on investment mode in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Bitcoin Price at Crucial Crossroads as its Correlation with Yen Hits Record High, What’s Next. Accessed on January 8, 2026