From January 7 to January 9, Bitcoin experienced a significant decline of 11%, breaking the 92,000 USD Threshold. This drop led to over 257.5 million USD in leveraged long positions being liquidated amid profit-taking activities, positive economic data, and market uncertainty due to the upcoming inauguration of President-elect Donald Trump.

Although short-term bearish trends raise concerns, three key indicators suggest 92,000 USD could represent a local bottom for Bitcoin. With SOPR data reflecting market sentiment, adjusted dormancy FLOW providing clues for growth, and long-term investor behavior indicating accumulation, there is potential for the market to rebound.