Bitcoin Has Fully Retraced This Month's Gains, Falling About 10.9% from the Monthly High

BlockBeats News, January 26th: Bitcoin fell below $87,000 briefly this morning, completely erasing this month's gains. The year-to-date return for January is currently -0.5%. Previously, on January 14th, Bitcoin once surpassed $97,000, and is now down about 10.9% from the monthly high.

Geopolitical risks, diminished safe-haven appeal, Fed rate hike pause, institutional ETF outflows, and market deleveraging have contributed to Bitcoin's decline.

Historical data shows that since 2013, Bitcoin has had an average January return of +3.81%, with a median return of +0.62%. In the past 13 years, January has seen 7 positive returns and 6 negative returns.