Bitcoin Stabilizes Near $83,000 After A Violent Flush, But The Tape Stays Bearish

2026-01-31 - 08:35

Key Points Bitcoin perps traded near $83,198 after a wide $84,590–$81,840 range. The daily chart remains deeply oversold, with RSI near 32 and momentum still negative. Metals were hit hard again, suggesting forced deleveraging, not a clean rotation. January 31 opened with bitcoin trying to hold the line after the prior day’s breakdown. In perpetuals,