The calls of a potential Bitcoin supercycle in 2026 intensified over the past week after former Binance CEO Changpeng ‘CZ’ Zhao — yet another prominent voice in crypto — laid out his predictions for the new year. However, a popular analyst on the social media platform X has released an opposing view, predicting a deep bottom for the BTC price this year.

BTC Price At Risk Of Further 65% Decline

In a January 25th post on the X platform, prominent crypto trader Ali Martinez said, in a sarcastic tone, that “the super cycle is super cycling.” In what seemed like a response to the buzz around CZ’s Bitcoin supercycle projection, the market pundit tempered the expectations with a $31,000 price bottom call for the premier cryptocurrency in 2026.

This bearish prediction is based on the appearance of price fractals on the BTC chart. For context, fractals are repeating patterns in price charts that can help map and project potential price movements for a particular cryptocurrency (Bitcoin, in this scenario).

As observed in the chart above, the price of BTC is currently following a similar movement pattern as in 2022. The premier cryptocurrency, after initially setting a then all-time high around $67,000 in early 2021, witnessed a nearly 55% correction to just above the $30,000 level by mid-July.

While the price of Bitcoin recovered and went back to set a record high of above $69,000 by the end of 2021, the market leader spent the majority of the following year in a downward trend. Exacerbated by the various bearish events of 2022, BTC ended the year at a low of around $15,500.

Martinez believes that the Bitcoin price is undergoing a similar movement pattern, having experienced an over 32% decline before climbing to the current all-time high of $126,080. The market pundit postulates that the premier cryptocurrency is currently witnessing the extended decline that saw its price reach $15,500 in 2022.

However, it is worth mentioning that the target this time around lies at $31,800, nearly 65% drop from the current price point. Hence, if the historical patterns highlighted by Martinez are to go by, there seems to be a higher likelihood of the Bitcoin price embarking on an extended downward trend rather than a supercycle.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $88,528, reflecting an over 1% decline in the past 24 hours.

A growing number of chart watchers are pointing to a long stretch of sideways trading for XRP and saying this setup has come before big rallies. According to a widely followed analyst known as CryptoBull, the current price action echoes earlier runs in the token’s history.

The signal is simple: long quiet periods sometimes lead to sharp moves when buying pressure returns. That does not mean a jump is guaranteed. Markets can stay quiet for a long time, and timing is uncertain.

Pattern Mirrors Prior Cycles

Based on reports, XRP’s weekly structure shows a stretch of range trading after strong breakouts from earlier years. The comparison reaches back several cycles. In past examples, long ranges eventually gave way to impulsive runs that pushed the price far above prior highs.

The next impulse will take #XRP to $11 and the last wave to $70. The price pattern is copying the previous bullrun, only difference is time, which makes sense, as we need longer accumulation for higher prices. pic.twitter.com/WJxzYDVRKT

— CryptoBull (@CryptoBull2020) January 23, 2026

CryptoBull argues the present consolidation has lasted longer than previous ones, which, he says, could compress price action and build fuel for a larger expansion when momentum flips. The idea rests on history repeating itself in broad strokes, not in exact moves.

Longer Accumulation Could Support Bigger Targets

Some analysts see a sixfold move as plausible if the same pattern plays out. That kind of rise would put XRP near $11, a figure being discussed by multiple commentators. There is also talk of a further, final wave lifting the token much higher in a later stage — talk that reaches $70 in extreme scenarios.

A bottom test—where price revisits support to confirm strength before a new push—has appeared in a few past cycles and is being watched closely now.

The presence of such tests can either validate a base or warn that the range has more work to do. Timelines are vague, and a long accumulation period can stretch for years before any decisive breakout.

RLUSD Rumors Fuel Speculative Calls

Reports that BlackRock may use Ripple’s RLUSD stablecoin have added fuel to the fire. News like that has pushed sentiment upward and sparked fresh technical calls, with some forecasts ranging from $6 to $14 in near- to mid-term scenarios.

Other voices go far beyond, naming targets that would imply market caps so large they would be hard to reconcile with today’s market size.

These more extreme numbers should be treated with caution, because they assume near-perfect conditions and massive capital flows that may never arrive. Still, adoption whispers can tilt sentiment and speed up moves when buyers pile in.

Featured image from Unsplash, chart from TradingView

The Bitcoin price action has been muted over the past few days, trading within the $90,000 and $88,000 levels. Classically, consolidation periods often precede major moves either to the upside or downside of the market.

As such, questions on the next trajectory of the flagship cryptocurrency are being asked. A latest on-chain evaluation has offered a positive prognosis on the next direction for the Bitcoin price. 

Accumulation Demand Metric Surges To All-Time-High 

In a Quicktake post on CryptoQuant, on-chain analyst CoinNiel hypothesized that the Bitcoin price could be at the beginning of a bullish trend. The market quant based this prognosis on two metrics — the Accumulator Address Demand and the Liquidity Inventory Ratio (month). 

The Accumulator Address Demand metric monitors the net buying pressure coming from addresses that buy Bitcoin consistently, and without any significant selling. This behavior (of buying and rarely selling) is typical of the large-scale Bitcoin holders, commonly known as the whales. 

Notably, CoinNiel also pointed out that when major withdrawals from exchanges occur, they are rarely ever incited by retailers, but by whales. As such, when the Bitcoin whales withdraw their holdings from exchanges, their buying pressure translates into an increase in the Accumulator Address Demand. 

From the chart above, the indicator has reached an all-time high level. According to the crypto pundit, this could be a sign that the whales are currently experiencing, on intense levels, the “fear of missing out.”

The second metric, the Liquidity Inventory Ratio (Month), also reinforces CoinNiel’s bullish outlook. This metric tracks and compares existing Bitcoin demand to the supply available on exchanges, showing whether demand can overwhelm available supply. 

When this ratio rises sharply, it is usually a sign that demand is absorbing newly created supply. From the data shared by the analyst, the Liquidity Inventory Ratio has also reached an extreme value of 3.8.

However, this extreme reading is only a reflection of what is happening on US exchanges. Hence, CoinNiel implied that, for the first time in years, US exchanges are recording exceptionally high demand relative to the coins available.

In theory, a 3.8 reading implies the imminence of a supply shock in the scenario where current conditions prevail. But, the analyst highlighted that it may not necessarily happen, as a 3.8 reading is more a sign of intensified whale demand than a surefire means to predict supply shocks. 

The big picture, especially when these two metrics are looked at together, appears to be distinctly bullish. This is because available data points out that the whales are likely positioning for what could be a resumed bullish trajectory for the Bitcoin price.

Bitcoin Price At A Glance

As of this writing, Bitcoin is valued at $88,520, reflecting an over 1% decline in the past 24 hours.

For most of the week, the Ethereum price has remained in a range-bound spell, putting in no significant movement outside of the $3,000 and $2,880 price boundaries. Amid rising speculations, an on-chain analysis has recently been put out, which provides an answer to the question.

Open Interest Across Exchanges Falls To $17 Billion

In their latest QuickTake post on CryptoQuant, analytics platform Arab Chain reveals that there has been a fall in active Ethereum derivatives contracts across major exchanges, as indicated by data from the Ethereum: Open Interest-All Exchanges, All Symbol metric. Typically, rising Open Interest (OI) across exchanges indicates that more traders are entering leveraged positions. On the other hand, falling OI reflects more exits of leveraged positions, and by extension, reduced aversion to risk.

In the Quicktake post, Arab Chain highlights that open interest across exchanges has dipped to about $16.9 billion, marking the lowest level reached since mid-December last year. This, in turn, reflects an overall reduction in risk appetite across the Ethereum derivatives market. Because there is less speculative activity, there are also reduced risks of liquidations. Hence, the Ethereum price stands a higher chance of consolidating.

 

What’s Happening On Binance?

While exchanges in general are recording significant pull-outs from the derivatives market, Binance has shown an outlier performance. Arab Chain highlights that the world’s largest exchange by trading volume has instead recorded about $7.5 billion in Open Interest. Interestingly, this reading slightly exceeds the December average range of $6.8–$7.4 billion. 

The divergence between the Open Interest values across all exchanges and that of Binance suggests that, while market participants are reducing their risk exposure, there is still liquidity in the derivatives market. Rather than a blatant exit, it has been repositioned toward the deeper and more liquid venue.

Arab Chain also explains that this behavior indicates a change in market operations from a higher-risk trading environment to one more price and risk efficient. In conclusion, the large traders are yet to make their exits but are merely reducing their exposure, while holding high-quality positions on Binance.

In addition, Ethereum’s proximity to the $3,000 price — especially as OI declines — shows that the market has been absorbing the deleveraging events while showing little selling pressure. Ultimately, Binance’s OI retaining levels above December’s support the idea that the market still has strong derivatives backing. Hence, the broader picture remains bullish. As of this writing, Ethereum trades at $2,958, reflecting a 0.33% growth since the past day, according to CoinMarketCap data.

Featured image from Pexels, chart from Tradingview.com

US-based spot Bitcoin exchange-traded funds pulled funds for a fifth straight trading day, and the totals added up quickly. According to Farside data, about $103.5 million left on Friday, bringing the five-day sum to roughly $1.72 billion.

Bitcoin was trading near $89,160 at the time of these reports — still well below the $100,000 mark it last reached on November 13. This movement has sent a clear signal: many investors are stepping back right now.

ETF Flows And Who Is Selling

Reports note that ETF flows are often on the radar as a quick read on investor mood, but the picture is not always simple. Large outflows can reflect institutional rebalancing or tactical moves by funds, not only mass retail selling.

The US market had a four-day trading week because of Martin Luther King Jr. Day on Monday, which may have concentrated trades into fewer sessions and amplified the numbers. Still, losing more than a billion dollars in a few days will get attention.

Market Mood And Metals

The wider mood has soured. The Crypto Fear & Greed Index registered an Extreme Fear score of 25, and sentiment trackers have been flashing caution. Reports say Santiment believes retail traders are pulling back while attention drifts toward more traditional assets.

Meanwhile, metals have been strong. Reports disclose that with gold trading near $5,000 and silver approaching $100, some market players feel Bitcoin has been left out of a rally that lifted metals, which has weighed on confidence in the crypto market.

Bitcoin Price Action

Bitcoin has struggled to find a steady rhythm over the past week. Prices slipped below the $89,000 to $90,000 range as traders reacted to fresh geopolitical tension and renewed trade worries, before stabilizing as nerves eased.

This was driven higher after some soft political indicators around tariff threats, only to substantiate the idea that markets rarely react to conflict but rather to changes in tone and expectations.

Signals That Could Matter

These movements illustrate how Bitcoin behaves more like a risk asset rather than an asset shelter, falling in tandem with equities when unexpected financial shocks hit the globe, before rebounding when the fever subsides to gather fresh buyers.

Current price patterns indicate caution, where traders are weighing short-term political risks against medium- and long-term macro patterns, as well as institutional interests.

There are some quieter indications that the rout could be losing steam. To this effect, there are assertions suggesting that supply distribution on-chain and social chatter can be circumstantial evidence showing there is less selling pressure.

Featured image from Money; Shutterstock, chart from TradingView

In the past three days, the price of Bitcoin has moved between $88,000 to $90,000, indicating a rather stable market with little volatility. This ongoing price consolidation comes after the leading cryptocurrency suffered a significant setback in its goal to reclaim its psychological six-figure valuation.

During the week, Bitcoin prices fell from around $96,000 to below $88,000, establishing a new yearly low for 2026. However, amid this discouraging price action, the underlying on-chain data suggests a developing exhaustion among market bears, thus hinting at a highly-anticipated trend reversal.

Market Optimism Despite Negative Reading

In a recent QuickTake post, popular analyst Burak Kesmeci shares insight on a potential bullish reversal in the Bitcoin market following recent changes in the Growth Rate Difference – an on-chain metric that measures variation between the asset’s market cap growth rate and realized cap growth rate. 

For context, the market cap reflects the total market value of an asset, determined by price and circulating supply. Therefore, it’s often a speculative indicator. Conversely, the realized cap measures the actual capital inflows to an asset. It’s a slow-moving, structural metric, and it’s best for ascertaining capital commitment and the underlying market strength.

When the Bitcoin Growth Rate Difference is positive, it indicates a bull market, as speculative demand exceeds actual capital inflows. On the other hand, a negative value suggests that price growth is slower than real money inflows, which are characteristic of a bearish or consolidatory market.

 

According to Kesmeci, the Bitcoin Growth Rate Difference has been negative since October 30, suggesting investors have been in a bear market over the last three months. During this time, prices have famously crashed by over 17%. 

However, the Growth Rate Difference has also increased from -0.0013 on November 22nd to -0.0009 on January 24, suggesting a budding resurgence in speculation and price growth. Moreover, this development also indicates that bearish fatigue is setting in, paving the way for a bullish market rebound. Nevertheless, a clean break above the 0 midline to confirm entry into bull territory and on-chain support for upside momentum.

Bitcoin Price Overview

At press time, Bitcoin is valued at $89,223, reflecting a minor loss of 0.25% in the last day. Meanwhile, the daily trading volume is down by 58.72,% indicating that most market participants are less willing to engage the market at the moment, thus explaining the sluggish price action. 

A growing number of analysts believe Ethereum’s current price action is being misunderstood. Although frustration is growing due to Ethereum’s inability to hold above $3,000, some technical analysts are quick to point out that the structure forming beneath the surface tells a very different story. According to one analyst, the real risk right now is not being bullish on Ethereum and trying to short in anticipation of a downside breakout.

Higher Lows And A Structure That Keeps Tightening

The analyst’s technical view on Ethereum is focused less on short-term momentum and more on the structure developing on the chart, which he argues is even clearer than what is currently visible on Bitcoin’s chart.

Notably, Ethereum’s price action is carving out a series of higher lows on the daily candlestick timeframe chart to form a tightening triangular pattern since December 2025. This kind of behavior shows that each pullback is being absorbed at progressively higher levels, which is how strong trends reset before continuation.

Ethereum needs to avoid a breakdown below key support zones in order for this trend continuation setup to still be valid. According to the analyst, a dip under $2,860 would begin to weaken the pattern, while a close below $2,780 would invalidate the higher-low structure. 

At the time of writing, Ethereum is trading around $2,950, which is dangerously close to the lower boundary of this setup. Therefore, some traders will be tempted to short Ethereum at this level, but the analyst called it the dumbest thing to do here.

As long as those levels ($2,860 and $2,780) hold, the analyst sees no technical justification for betting against ETH, especially near the lower boundary of the channel where buyers have repeatedly stepped in. 

If support holds, the next move would be a gradual return to the upper trendline of the channel, which is just below $3,340. A move into that region would bring price back into direct contact with overhead resistance and set the stage for a breakout if buying pressure continues to increase.

Ethereum Price Chart. Source: @Tryrexcrypto on X

The Bigger Picture Behind Ethereum’s Price Action

Ethereum is entering 2026 without clear bullish momentum, a reality that has dampened sentiment across the spot and derivatives markets. Spot ETF inflows into Ethereum and Bitcoin have slowed down, and issuers have been highlighted with consistent days of outflows.

Nonetheless, major asset managers are still holding huge amounts of Ethereum and are working on diversifying their activities on Ethereum. BlackRock, for example, filed with the SEC in December to launch a staked Ethereum exchange-traded fund, a move that will bring in more institutional investors into the Ethereum ecosystem.

Speaking of staking, BitMine Technologies recently amped up its ETH staking to over $5.71 billion worth of Ethereum. On-chain data from Arkham Intelligence shows that the firm has staked an additional 171,264, worth $503.2 million, pushing its total stake to over 1.94 million ETH.

Featured image from Unsplash, chart from TradingView

The Bitcoin price is showing signs of history repeating itself, as current price action mirrors key patterns from the 2021 cluster. With resistance near $91,000–$92,000 and the macro downtrend looming, traders are watching closely to see if BTC will break higher or face renewed pressure. The coming days could prove decisive in shaping the next major move.

Bitcoin Mirrors 2021 Cluster: History In Motion

Bitcoin continues to mirror the price patterns seen during the 2021 cluster. Crypto analyst Rekt Capital noted that the current market structure is echoing historical behavior, suggesting that similar dynamics are at play. Traders are closely watching these familiar patterns to gauge whether the cycle is repeating itself or if new trends may emerge.

The rules of the game remain consistent. A bearish acceleration would likely be triggered if Bitcoin breaks down from the macro descending triangle base, currently positioned around $82,000. Conversely, a bullish bias would require a decisive break above the macro downtrend, which sits near $100,000. These levels serve as critical decision points for the market, dictating whether bulls or bears gain control in the coming sessions.

So far, Bitcoin has encountered rejection in the high $90,000s, falling just short of the macro downtrend. This mirrors previous market behavior, in which the asset developed a basing structure near the triangle’s base before attempting to push higher toward the downtrend’s upper boundary. It demonstrates that history is repeating itself for now, with the market consolidating and preparing for its next directional move.

If the macro downtrend continues to act as resistance, the triangle’s base may gradually weaken over time. Such a development would increase the risk of further downside, making the reaction at both the base and the downtrend crucial. 

BTC Surpasses $91,000 Before Facing Selling Pressure

In a recent market update by Ted, it was noted that while Bitcoin broke above the $91,000 threshold yesterday, the rally met significant resistance. Sellers entered the market with substantial force at these local highs, effectively capping the momentum and preventing a sustained breakout.

As a result of this rejection, Bitcoin has retreated into the “no-trading zone.” Ted suggests that this period of sideways price action is likely to persist through the next couple of days, largely driven by the typical low-liquidity environment seen during the weekend.

Looking ahead, the outlook remains cautious. Ted emphasizes that any upward movements will likely be short-lived until BTC can decisively clear the $91,000 to $92,000 resistance zone. Meanwhile, such a move must be backed by strong spot demand to prove its validity.

XRP has spent most of the past few months trading with lower highs since July 2025, frustrating traders and compressing price action into an increasingly tight range. 

However, a technical breakdown shared by crypto analyst ChartNerd argued that what looks like stagnation may actually be the final preparation phase before a historic move. The price structure suggests something far bigger that sends XRP on its most aggressive rally in eight years, but the implications only become clear when the full setup is examined.

A 400-Day Rectangular Reaccumulation Still Holding Structure

According to technical analysis done by ChartNerd, XRP’s price action has been locked inside a rectangular reaccumulation zone for about 400 days, and this has led to the formation of what looks like a rectangular bull flag on a macro timeframe. The technical chart shows a strong impulsive move from July 2024 to December 2024 acting as the flagpole, right when XRP peaked at the $3.4 price zone back then.

This impulsive flagpole has been followed by a long period of sideways trading where XRP’s price has repeatedly respected a clearly defined support around $1.8 and resistance boundaries around $3.6. This type of structure is associated with reaccumulation within the support and resistance zones, especially when it is playing out after a sharp expansion move and holding for this length of time.

Each dip into reaccumulation support has been absorbed, preventing any sustained breakdown and keeping the broader pattern intact. ChartNerd noted that the rectangular flag will be valid as long as this support level is defended, and this will activate the expansion journey.

XRP Price Chart. Source: @ChartNerdTA on X

Macro Breakout Projection Puts XRP Price Target At $23

According to ChartNerd, bearish participants are increasingly pressured by the fact that this fractal is still holding despite repeated attempts to invalidate it. The longer XRP’s price action is trapped inside the rectangle without breaking down, the more likely it becomes that the eventual resolution favors the dominant trend that preceded the consolidation. In this case, that trend was bullish, which strengthens the case for an upside breakout once resistance is cleared.

If the rectangular bull flag resolves to the upside as projected, the chart outlines a breakout trajectory that would carry XRP into double-digit territory, with a long-term target region near $23. This price target projection is derived from the height of the flagpole extended from the top of the reaccumulation range.

ChartNerd labelled this possible move as one of the most aggressive rallies XRP could see in seven to eight years. At the time of writing, XRP is trading around $1.92, meaning a move toward the $23 region would represent a gain of over 1,000% from current levels, which is a type of percentage expansion XRP has played out well in the past.

Featured image from Unsplash, chart from TradingView

Chainlink remains on standby as daily candles continue to show indecision, keeping traders on edge. The next significant move for LINK largely depends on Bitcoin’s momentum, with bulls and bears waiting for a clear signal before committing. Until then, the market is in a holding pattern, building tension for the breakout or breakdown.

Traders Await Clear Direction For Chainlink

According to an update from CryptoWzrd, the daily candles for both Chainlink and LINKBTC continue to print indecisive price action, reflecting a lack of strong conviction from either side of the market. Despite recent movements, neither buyers nor sellers have been able to establish a clear directional edge, keeping the broader outlook neutral for now.

To gain a reliable directional bias and unlock higher-probability trade opportunities, healthier and more decisive daily candles are required, as price could continue to chop within its current range. Bitcoin is expected to remain the primary driver of the next significant move. In particular, LINKBTC needs to print another bullish daily candle in the coming week to maintain any constructive momentum. 

Failure to do so could shift the balance back in favor of the bears and increase downside pressure. A continuation of weakness would likely result in a break of the daily lower-high trendline, followed by a loss of the critical $12 support level. 

On the bullish side, if Bitcoin provides the necessary support, LINK could attempt a recovery rally toward the $16 resistance zone. Until a clearer higher-timeframe structure emerges, the trading focus remains tactical. Attention will be placed on the lower-timeframe charts, particularly over the weekend, to capitalize on quick, short-term opportunities while avoiding unnecessary exposure to indecisive daily conditions.

Intraday Chart Shows Tight Range, Market Lacks Clear Direction

The analyst concluded that the intraday chart remains choppy, with price action tightly compressed within a narrow range. Such conditions point to persistent market indecision, in which neither bulls nor bears have shown sufficient conviction to drive a sustained move in either direction. As a result, trade setups lack clarity and carry elevated risk.

From a tactical perspective, a retest of the $13 resistance level, followed by clear signs of rejection or fading momentum, could open the door to a short opportunity. However, if price holds above $13 with strong acceptance, that would place the market in more constructive territory and tilt the bias back in favor of the bulls.

Until one of these scenarios plays out decisively, the analyst emphasized the importance of waiting. A more mature and well-defined chart structure is needed before engaging in the next trade, ensuring better confirmation, cleaner entries, and improved risk-to-reward conditions.

Crypto analyst CryptoBull has highlighted targets that XRP could reach as it eyes double digits. The analyst is confident the altcoin could reach these targets, noting that current price action is mirroring the previous bull run. 

XRP Eyes Rally To $11 And Then $70

In an X post, Crypto Bull stated that the next impulse will take XRP to $11 and that the last wave will take the altcoin to $70. This came as he noted that the price pattern is mirroring the previous bull run, with the only difference being time, which he claimed makes sense, as the altcoin needs longer accumulation to reach higher prices. 

The analyst also indicated that it could take a year of accumulation for XRP to reach the $11 price target, meaning the last wave to $70 could take much longer. This prediction comes despite the current decline in the crypto market, with XRP trading below the psychological $2 price level.  

Despite the current bearish sentiment, crypto analyst CW has also declared that the XRP rally is about to begin and that the road to $21.5 is just the beginning. He noted that this is the Phase 4 peak while the first goal is for the altcoin to break its current all-time high (ATH). 

His accompanying chart showed that XRP could reach this $21 target by year-end. Meanwhile, there is the possibility of the altcoin rallying above $100 in the next Phase 1, which could happen next year. Crypto Pundit X Finance Bull recently highlighted the CLARITY Act and Trump’s tariffs as factors that could boost XRP’s demand and lead to higher prices for the altcoin. 

He expects the CLARITY Act to boost XRP’s demand, especially with Trump’s Crypto Czar predicting that more banks will enter into crypto once the bill passes. X Finance Bull predicts that XRP will be the token of choice for these banks based on his belief that Ripple will provide the rails to onboard them. 

XRP Breaking Out Of Multi-Year Triangle

Crypto analyst XForce revealed in an X post that XRP is breaking out of the largest 6+ year triangle in history, yet people are calling it a fakeout. He added that he is not a permabull or permanbear on the altcoin but that he follows trends and plays macro breakout patterns. His accompanying chart indicated that XRP was on the verge of a move to the upside, with a potential rally above $11.50. 

On the lower timeframe, crypto analyst Chart Nerd stated that XRP is currently breaking out of a two-week falling wedge structure. He noted that this is a bullish reversal pattern that could send the altcoin back to $2.40 in the short term, as this is where the wedge formed. He highlighted a key resistance between $2.13 and $2.20, which the altcoin will need to break above to confirm a reversal. 

At the time of writing, the XRP price is trading at around $1.92, up in the last 24 hours, according to data from CoinMarketCap.

A large investor shifted funds into tokenized gold this week, and Bitcoin felt the impact. Prices dipped while a whale quietly bought millions in XAUT, a gold-backed token, signaling a short-term move toward traditional hedges.

Whales Move Into Tokenized Gold

According to on-chain trackers, one address moved $1.53 million in USDC into Hyperliquid to buy XAUT. Reports note that the same wallet had earlier bought about 481 XAUT, a purchase worth roughly $2.38 million.

The address still holds close to $1.44 million in USDC, which suggests more purchases could follow. These moves were picked up on public blockchains and then flagged by analysts watching large transfers.

This kind of action can matter. When big players shuffle cash, smaller traders often take notice and hedge their bets. The shift is not proof of a long-term trend, but it shows that, at least for now, some large holders prefer gold exposure over extra crypto risk.

Whales are buying gold, not crypto.

~30 mins ago, whale 0x6B99 deposited 1.53M $USDC into Hyperliquid to buy $XAUT again.

He has already bought 481.6 $XAUT($2.38M) and still holds 1.44M $USDC, which may be used to buy more $XAUT.https://t.co/0uV2kNEiD0 pic.twitter.com/rYA09b1OEn

— Lookonchain (@lookonchain) January 23, 2026

Gold And Silver Hit Fresh Highs

Reports say gold has been moving sharply higher, with spot prices climbing close to $5,000 per ounce in global trading this week. Silver also rose above $100 per ounce, with intraday gold prints near $4,988 before settling.

Traders tie the surge to geopolitical tensions and the idea that interest rates may ease, which encourages money into metal-based stores of value.

A weaker dollar has also helped. Market chatter points to increased demand as investors seek steadier places to park capital while global politics and policy choices create more worry.

Bitcoin’s Price Action And Market Mood

Bitcoin traded around $88,653 at one stage, slipping about 1% on the day and nearly 30% below its prior cycle top. That gap is large. It has market participants questioning whether BTC will stay the go-to hedge during times of high stress. Some long-term holders remain confident. Others are watching liquidity and macro signals more closely.

Reports have disclosed renewed criticism from economist Peter Schiff, who argued that Bitcoin has underperformed versus gold since 2021.

He highlighted the opportunity cost for investors holding BTC while metals climb to record prices. Schiff wrote on social platforms that precious metals are outperforming and that this weak run for Bitcoin weakens its role as a store of value in the eyes of some.

What This Means For Crypto Investors

Short-term rotations like this often reflect risk preferences rather than permanent shifts. Some funds and wealthy individuals seek lower-volatility assets when headlines grow louder and policy paths look uncertain.

Others still view Bitcoin as a long-term play tied to scarcity and network effects. The current picture is a mix: metals are strong, tokenized gold is drawing attention, and crypto markets are reacting.

Featured image from Pexels, chart from TradingView

As the crypto market suffered a widespread decline, Aave (AAVE) prices dipped by nearly 10%, reaching a local bottom around $153. Presently, the altcoin is trading within a range of $155-$160, but an emerging chart pattern indicates an impending price breakout.

AAVE Falling Wedge Nears Explosion Point, $145 As Key Price Floor 

In an X post on January 23, popular market expert Ali Martinez shares an insightful analysis of the AAVEUSD 4-hour chart, showing the altcoin is approaching a critical market juncture. Notably, a key support zone of $144 sits at the base of a broader descending structure that has defined AAVE’s price action since last year. Martinez’s analysis shows that AAVE is trading within a falling wedge formation, characterized by a series of lower highs capped by a descending trendline and relatively stable support near the $145 region. This price formation often represents a period of consolidation following sustained downside pressure, as sellers gradually lose momentum while buyers defend a key floor.

For context, since topping out above the $350 level earlier in the cycle, AAVE has experienced a steady corrective move, with price stepping down through multiple horizontal levels near $240, $200, and $162. The loss of these zones shifted short-term momentum firmly in favor of sellers, making the current support range even more important. At present, AAVE is trading in the mid $150s, leaving limited room before a direct retest of the $144.93 support. However, this level has already acted as a demand zone multiple times during the current downtrend, reinforcing its significance. 

According to Martinez’s analysis, a clean break below $145 could force an accelerated downside move, with the next major support area set around $125. In that scenario, price acceptance below the wedge structure would likely confirm a continuation of the broader bearish trend. Conversely, holding the $145 support may provide the conditions for a technical rebound.

A successful defense of this level, combined with a break above the descending trendline, could allow AAVE to reclaim higher resistance zones around $162 and potentially $200 over time. While such a move would not immediately invalidate the larger corrective structure, it would suggest improving market balance and decreased selling pressure.

AAVE Price Overview

At press time, Aave trades at $156.99, reflecting a decline of 0.76% in the past 24 hours. Meanwhile, the daily trading volume is up by 6.07% and valued at $362.59 million. With price compressing toward the apex of the falling wedge, traders should expect increased volatility in the coming AAVE trading sessions. For now, the price moves at $144.93 as a pivotal inflection point for determining the next directional move. 

Featured image from Rootsttrap, chart from TradingView

Over the past week, the price of Bitcoin faced a significant setback in its goal of reclaiming the six-figure threshold. The flagship cryptocurrency has been hovering around the $90,000 mark, as the market can’t seem to make a decision concerning the next price direction.

As Bitcoin faced a mild sell-off, which, in turn, drove its price to fall from its recent highs, specific market participants were under severe pressure, including the miners. Interestingly, a recent on-chain evaluation has raised the possibility that miners’ stress might be ending soon.

Miner Financial Health Flashes Classic Reversal Sign

In a January 23 post on the social media platform X, market expert Axel Adler Jr highlighted that the Bitcoin miners might have started their post-capitulation recovery journey. The relevant indicator here is the Miner Financial Health Index (7D-SMA). 

For context, this metric tracks the balance between miner revenue and miner selling pressure. Hence, it reflects whether miners are net BTC distributors or accumulators. Simply put, the metric shows if Bitcoin miners are under pressure, stable, or even profitable. 

Capitulation events often reflect on the Miner Health Index as a negative value, as the amount of BTC spent surpasses the amount of BTC earned. On the other hand, miners are typically said to be in the recovery phase when the balance between revenue and spending starts to lean away from the negative.

From the chart shared by the analyst, it is apparent that the index has taken on an uptrend, targeting neutral levels on the metric’s charts. History shows that the index does not merely target the neutral mark when it trends upward.

Hence, if history were to repeat itself, the Bitcoin miners could be in for a rewarding ride, having survived the most recent capitulation event. Interestingly, the price of Bitcoin appears to have a directly proportional relationship with the Miner Health Index.

Bitcoin Price Gathers Momentum As Market Condition Shifts

In a separate post on X, Bitcoin Vector highlighted that Bitcoin might be garnering strength for a significant move in the near term. According to the analytics platform, this development coincides with the market exiting what was previously a “high-risk environment.”

Bitcoin Vector explained that this exit from a risky market environment was last seen in April 2025, just before the bull run resumed. The on-chain analytics firm explained that we could be witnessing the late stages of a classic momentum bottoming pattern, which historically leads to large rallies. 

Essentially, there has to be one last push lower in price and, at the same time, a momentum boost to the upside, for the bullish signal to be completely formed. As of this writing, Bitcoin is valued at around $89,830 with no significant movement in the past 24 hours.

Chainlink’s native token, LINK, continues to trade within a clearly defined price channel, reflecting a period of consolidation as the broader crypto market is yet to establish a clear market direction. Meanwhile, renowned analyst Ali Martinez provides some key insights on the LINK market, highlighting the potential price targets for the next breakout.

Chainlink In Compression Phase Between $12-$15 — What Next? 

In a recent X post, Martinez shares an analysis of the LINK 12-hour chart, which shows the altcoin has been range-bound between key support at $11.89 and resistance near $14.64, a structure that has remained intact over multiple trading sessions stretching back to 2025. This price behavior implies that neither bulls nor bears have been able to assert sustained control as each attempt to push higher has been capped near the upper boundary of the channel, while pullbacks have consistently found buyers around the $11.89 support zone. 

From a technical standpoint, the channel highlights a phase of consolidation following earlier volatility. Therefore, this structure may be laying the groundwork for a more decisive move once the price escapes the current boundaries. 

The $14.64 resistance level remains the key hurdle for bullish continuation. A confirmed breakout above this zone, ideally supported by rising volume, could reignite upside momentum with potential targets set at $17.00. On the downside, a loss of the $11.89 support could change the technical outlook, exposing LINK to deeper retracements, with potential around $10.00. For now, however, this support has held firm, reinforcing the validity of the channel and keeping bearish momentum in check.

LINK Market Overview

At press time, LINK trades at $12.21, reflecting a major loss of 10.95% in the last seven days amid a general market downturn. However, the monthly loss of just 1.09% indicates that downside momentum remains relatively contained, suggesting that recent selling pressure may be corrective rather than structural and that many new market entrants could soon return to profit if prices stabilize.

In other news, Chainlink has completed the acquisition of Atlas, the order flow auction protocol developed by FastLane. According to the blockchain team, this move strengthens Chainlink’s value capture stack by expanding the reach of Chainlink SVR into the new DeFi ecosystem, thereby helping improve MEV recapture.  With a market cap of $8.65 billion, Chainlink is ranked as the 13th largest digital asset in the world.

The Bitcoin price had a relatively rough trading period over the past week, as it hovered around the psychological $90,000 mark. The flagship cryptocurrency, which looked set for a return to six-figure valuation barely over a week ago, now seems to have lost all its bullish momentum.

Broadly speaking, these recent struggles put to rest questions around the “relief rallies” to the upside, and correlate more with the current bear market structure. However, the latest on-chain evaluation shows that the Bitcoin price woes could worsen from here on out.

Expert Explains Why $60,000 Is Possible For BTC Price

In a recent post on the X platform, Alphractal CEO and founder Joao Wedson said that the Bitcoin price could still have room to fall below the $60,000 level. This not-so-optimistic prediction is based on the number of days Bitcoin has traded at prices higher than today.

According to Wedson, there have been 355 days when the Bitcoin price has traded at levels higher than today. This figure was derived from the “Days Spent at a Profit” metric, which tracks the number of days in Bitcoin’s history where the market price was higher than the current price.

This indicator measures how much price action — in the past — has occurred above the current price level. From a historical standpoint, an increase in the number of “Days Spent at a Profit” tends to occur during bear cycles or extended periods of sideways movement, implying that different investor groups are holding BTC at a price higher than their cost bases.

As Wedson highlighted, the “Days Spent at a Profit” metric reached around 775 days as the Bitcoin price approached a bottom. Going by this historical context, the current level of this indicator (355 days) suggests that the flagship cryptocurrency is still a distance away from extreme levels often associated with bearish market bottoms.

Ultimately, this deduction means that the price of Bitcoin could still be at risk of an extended decline over the next 300 days. According to the Alphractal, this extended period of price decline could see BTC revisit $60,000, potentially triggering significant liquidations among retail investors and institutional players who entered the market post-ETF.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $89,900, reflecting no significant change in the past 24 hours. However, the market leader is currently down by over 5% on the weekly timeframe, while nearly 30% adrift its all-time high of $126,080.

Reports say Swiss banking giant UBS is planning to let a small group of its private bank clients buy and sell major cryptocurrencies. The step would open access to Bitcoin and Ethereum for people who have worked with the bank for years, not for every customer.

Private Clients First

According to a Bloomberg report, the service would start in Switzerland and be offered only to select private banking clients, with any wider rollout dependent on rules and demand. The move is careful and measured. It is being tested with a narrow set of clients before any wider push is considered.

How It Would Work

Reports note that UBS has been talking with outside firms about providing the trading, custody and compliance pieces needed to make crypto trading run smoothly.

Partners would likely handle technical tasks while UBS keeps the client relationship front and center. Those talks have been going on for months, and no final deals are said to be done yet.

Why Now

Wealthy clients have been asking for ways to own digital assets safely. UBS has run pilots on tokenized funds and has worked on blockchain payments before.

The bank’s size and reputation mean it can offer a more cautious path into crypto than many smaller players. At the same time, changes in regulation and the broader market have made the plan more realistic than it might have seemed a few years ago.

Based on reports, the initial offering would focus on Bitcoin and Ethereum. More coins could be added later, but that would depend on which assets meet the bank’s risk and compliance checks.

UBS will reportedly decide what custody model to use and whether it needs third parties for trade execution. No launch date has been set.

A Broader Trend

Banks from different countries are slowly giving rich clients more ways to touch crypto, but each does it in its own style. Some offer ETFs and funds. Some go further and let clients trade coins directly.

UBS’s cautious design fits a pattern where big banks move slowly, testing the systems before widening access. A handful of recent moves by other institutions show the same pattern.

What Comes Next

Reports note that regulators and client interest will help decide how fast this goes. If rules in the US and other places stay friendly and clients respond, the offering could broaden beyond Switzerland.

If not, the bank could keep the plan tightly limited. For now, the idea remains a plan under discussion rather than a product on the market.

UBS’s steps reflect growing demand from wealthy investors for safer ways to hold crypto through trusted firms. The bank’s careful progress shows how traditional finance is testing the waters without rushing in.

Featured image from Unsplash, chart from TradingView

Binance founder and former CEO Changpeng Zhao (CZ) has pushed back against growing scrutiny surrounding his relationship with President Donald Trump, saying his ties to the president and his family have been widely misunderstood following Trump’s decision to grant him a pardon last year.

CZ Rejects Allegations Of Binance’s Political Links

Attention on Zhao intensified after President Trump issued a pardon in October 2025, a move that prompted renewed criticism from Democratic lawmakers and fueled questions about Binance’s alleged political and business connections. 

Addressing the controversy in a recent interview with CNBC, Zhao said claims of a business relationship with the Trump family are inaccurate. “There’s no business relationship whatsoever,” Zhao stated. The former executive added that the narrative surrounding the pardon and Binance’s alleged ties to Trump had been “misconstrued.”

Much of the scrutiny centers on Binance’s connection to the Trump-linked decentralized finance (DeFi) venture World Liberty Financial (WLFI). 

That connection traces back to a $2 billion investment made in March 2025 by MGX, a state‑owned firm based in Abu Dhabi, United Arab Emirates. MGX invested in Binance using USD1, a stablecoin created by World Liberty Financial.

Zhao emphasized that the payment method was chosen by the investor, not Binance. “MGX is the investor. They choose USD1,” he said. “My request to them was they pay us in crypto. I don’t want to deal with banks, really.” 

According to Zhao, the use of the venture’s USD1 stablecoin has been wrongly interpreted as evidence of a deeper relationship. “Many people misconstrued that,” he added.

WLFI Push Back On Political Influence Claims

In a statement, WLFI spokesperson David Wachsman said the company played no role in the pardon process. “As we have stated many times, WLFI is not a political organization and had zero role in the pardon process,” Wachsman said. “To imply otherwise is dangerous and false.”

Trump himself downplayed any personal connection in a November interview with CBS’s 60 Minutes. “I have no idea who he is,” the president said of Zhao. Trump added that he had been told Zhao was “a victim, just like I was and just like many other people, of a vicious, horrible group of people in the Biden administration.”

Additional attention has focused on Binance’s lobbying efforts in Washington. NBC News reported during the week of the pardon that Binance had hired Checkmate Government Relations, a lobbying firm led by Charles McDowell, who is a friend of Donald Trump Jr. 

According to disclosures, the firm was paid $450,000 to lobby the White House and the Treasury Department on matters including “executive relief” and digital asset‑related financial services policy.

Zhao denied that any lobbying effort was connected to his pardon. “There is a lot of media saying that there is some deal in place to get me the pardon,” he told CNBC in Davos. “As far as I know, that does not exist at all.”

Binance’s former CEO also said he has never spoken directly with President Trump. “The closest that I got to him was today when he was doing the Board of Peace session,” Zhao said. “I was in the audience, about 30 to 40 feet away from him.”

At the time of writing, Binance Coin (BNB) was trading at $893, having recorded a 4% drop over the previous week. However, it is one of the few cryptocurrencies to have retained gains year-to-date, with an increase of 30% in that time. 

Featured image from OpenArt, chart from TradingView.com 

As XRP attempts to climb to higher levels, an analyst affirmed that the altcoin is “doing what it needs to do” to continue its bullish rally, highlighting multiple key structures in key timeframes.

XRP Enters Inflection Point

After retesting the $1.90 area on Friday morning, XRP saw a 4.6% intraday bounce toward the mid-zone of its local range. Over the past five days, the cryptocurrency has been hovering in the $1.85-$2.00 price range, failing to hold the upper zone of this range.

Market watcher ChartNerd pointed out a key reversal pattern that could signal a massive price expansion may be around the corner, noting that the altcoin is at a “critical inflection point” as it retests a macro support zone.

He explained that a running flat ABC correction formation is “a sophisticated structure where the failure of the ‘C’ wave to breach previous lows signals underlying bullish strength.”

XRP has been mirroring the same structure over the past 400 days, which would point “toward a structural breakout, marking the transition from a yearly long base into a new primary uptrend” if it resolves.

As the chart shows, “the wave counts repeating toward the structure are evident in XRP’s price action,” and as long as the macro support holds, around the $1.80 area, the C wave “could be working in the bulls’ defense.”

We could be just building a base above $1.80, marking the C wave in this running flat correction before the major breakout.

ChartNerd added that there could be a scenario in which XRP deviates below its major support before a V-shape recovery. However, he warned that losing this area would not be healthy, detailing that the only way to invalidate the pattern would be for the price to close below the structure’s support, retest it as resistance, and drop to lower levels.

XRP’s Price Defends Macro Support

The analyst emphasized the importance of the $1.80 level, noting that XRP has been defending this territory for over a year and could lead to a new all-time high (ATH) rally.

“This is a macro accumulation zone, and we evidently also have two major levels of descending resistance for XRP,” he detailed, highlighting that when the first multi-month descending resistance broke, the altcoin rallied to a new all-time high.

It’s pretty simple: we have descending resistance on our heads at the moment, and we once had a point of contact on this resistance at the $2.40 high (…) So, at this moment in time, the simplicity tells us: break the descending resistance, and this is where XRP really starts gearing up for further expansion.

Based on this, ChartNerd asserted that if the altcoin defends the $1.80 macro support, then a similar rally is likely. Similarly, he pointed to a bullish reversal structure building below the key $2.70 resistance on XRP’s chart.

Per the post, the cryptocurrency formed a three-month falling wedge pattern that was broken out of during the early January rally. Now, the price is retesting the pattern’s breakout level as support and could be preparing to climb toward the level it started forming.

“So XRP just needs to defend the guard at $1.80, and this is where we could be looking for that sort of major expansion and looking to press back up to the target of $2.70,” before potentially challenging its pre-Q4 range, he concluded.

Dogecoin is potentially following a Falling Wedge right now, and this cryptocurrency analyst thinks a breakout from it may be a “powerful” one.

Dogecoin Could Be Trading Inside A Falling Wedge Pattern

In a new post on X, analyst Ali Martinez has shared a Falling Wedge that Dogecoin is potentially trading inside on the weekly timeframe. A “Wedge” is a pattern from technical analysis (TA) that forms whenever the asset’s price trades between two converging trendlines.

A “Triangle” consolidation channel also involves converging trendlines, but the difference from a Wedge is that it either involves one trendline that’s horizontally flat or trendlines that converge with an opposite slope. On the other hand, a Wedge involves trendlines sloped in the same direction.

When these lines point in the up direction, the pattern formed is known as a Rising Wedge. Similarly, their being sloped downward creates a Falling Wedge. The latter is the Wedge of interest in the current discussion. Like other consolidation patterns in TA, the upper line of a Falling Wedge is also likely to be a source of resistance, while the lower one is that of support. A breakout of either of these bounds can signal a sustained move in that direction.

Wedges are generally considered to be either continuation or reversal patterns, depending on the prevailing price trend. When a Falling Wedge is preceded by an upward price trajectory, the pattern is assumed to be one pertaining to a bullish continuation. Similarly, it acts as a reversal pattern during a downtrend.

Now, here is the chart shared by Martinez that shows the Falling Wedge that Dogecoin has been stuck inside for the past year:

As displayed in the above graph, Dogecoin’s weekly price has retraced to the lower level of the Falling Wedge recently, suggesting the pattern’s support is being retested.

In the same chart, the analyst has highlighted some Falling Wedges that Dogecoin traveled through in the past. It would appear that each of these ended up holding as bullish continuation patterns and led to upward breakouts. In terms of the width, the latest Wedge has been the largest among these.

“Dogecoin $DOGE tends to respect wedge structures, and a breakout from this one could be powerful,” noted Martinez. It now remains to be seen whether the support line of the channel will hold for the memecoin this time and if a breakout will follow.

DOGE Price

At the time of writing, Dogecoin is floating around $0.125, down more than 9% over the last seven days.