Market Signal Briefing

Story HighlightsThe live price of FTX is  $ 0.39848206.In 2026, FTT’s price direction depends almost entirely on bankruptcy proceedings.However, the FTT price could reach a high of $13.7643 by 2030.FTX Token (FTT) was the native cryptocurrency of the now-collapsed FTX crypto exchange. It was created to offer trading fee discounts, be used as collateral for futures trading, and be used in token burns.

However, everything changed in November 2022, when the token crashed after reports showed Alameda Research held large amounts of FTT, triggering a liquidity crisis and FTX’s collapse.

Since then, FTT has lost nearly 99% of its value and now trades near $0.39.

If you are willing to learn about the FTT token, here are Coinpedia’s FTT price predictions for 2026, 2027, and 2030.

CryptocurrencyFTX TokenTokenFTTPrice$0.3985 -1.80% Market Cap$ 131,058,799.8324h Volume$ 3,109,858.3848Circulating Supply328,895,103.8132Total Supply328,895,103.8132All-Time High$ 85.0169 on 09 September 2021All-Time Low$ 0.2401 on 10 October 2025FTT Price Targets For February 2026FTT is now viewed as a risky token, not a functioning crypto asset. Its price movements are tied almost entirely to court developments rather than market fundamentals.

However, on February 14, 2026, has been set as the record date for eligible claims in the next payment cycle.

FTX Token has responded well enough to market fluctuations in the past. Collectively, FTT has the potential to reach the maximum value of $1.8126 by the end of 2026.

Technical AnalysisLooking at the FTT/USDT daily chart, the price is clearly moving inside a long-term descending channel, showing a strong bearish trend. FTT is currently trading near $0.39, which sits close to the lower boundary of the channel, acting as short-term support.

On the upside, $0.50–$0.57 is the first resistance zone, followed by $0.75, which aligns with the mid-channel and previous breakdown area. 

A strong breakout above the channel could open the door toward $0.95, but this would require high volume and positive news.

Meanwhile, the RSI is near 30, indicating oversold conditions. This suggests selling pressure may be slowing, and a short-term bounce is possible.

MonthPotential Low ($)Potential Average ($)Potential High ($)FTT Crypto Price Prediction February 2026$0.12$0.45$0.95FTT Price Prediction 2026As of early 2026, the token remains in a post-bankruptcy limbo, with its price driven by speculation tied to court proceedings.

By early 2026, the FTX case will be entering its final phase, with courts focused on returning billions of dollars in recovered funds to creditors. The exchange itself will not restart, and there are no plans to revive FTT’s original utility.

Another major payout round is expected to begin in January 2026, followed by an additional distribution scheduled for March 31. As these deadlines approach, FTT’s price is likely to remain highly speculative.

YearPotential Low ($)Potential Average ($)Potential High ($)FTT Price Prediction 2026$0.16$0.65$1.85FTT Price Prediction 2026 – 2030YearPotential Low ($)Potential Average ($)Potential High ($)2026$0.16$0.65$1.852027$0.25$1.10$3.40202$0.60$2.48$6.822029$1.10$4.91$12.572030$1.80$8.70$22FTT Price Prediction 2026In 2026, FTT remains a speculation-driven token. A rally toward $1.80 is possible only if court rulings improve holder expectations.

FTT (FTX) Price Prediction 2027By 2027, partial clarity on settlement outcomes could reduce uncertainty. Under optimistic assumptions, FTT could approach $3.40.

FTT Token Price Prediction 2028However, if FTT gains a defined role in asset distributions, prices may rise toward $6.80.

FTT Price Price Forecast 2029Longer-term valuation depends on whether FTT retains any recognized claim or utility. In a favorable outcome, prices could reach $12.50.

FTT Token Price Prediction 2030By 2030, FTT’s price will depend on whether it is formally retired or repurposed. In an unlikely but positive scenario, FTT could test $22.

What Does The Market Say?Year202620272030Wallet Investor$2.79$2.64$3.51Changelly$3.10$3.98$21.87DigitalCoinprice$8.05$10.90$23.25CoinPedia’s FTT Price PredictionFrom a CoinPedia perspective, FTT Token represents one of the most extreme cases of collapse in crypto history. While it still trades, FTT no longer reflects a functioning ecosystem. Any future value depends entirely on legal outcomes and restructuring decisions.

If bankruptcy proceedings deliver unexpected value to FTT holders, CoinPedia expects limited upside in 2026, with a potential high near $1.80.

YearPotential Low ($)Potential Average ($)Potential High ($)2026$0.00018$0.00095$0.00280Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsIs FTT a good investment now?

FTT is considered extremely high-risk. It suits short-term speculation only and not long-term investing due to its uncertain future.

What is the FTT price prediction for 2026?

In 2026, FTT is expected to trade between $0.16 and $1.85, driven by speculation around bankruptcy payouts rather than fundamentals.

What is the FTT price prediction for 2030?

By 2030, FTT could trade between $1.80 and $22 only in a rare positive legal outcome; otherwise, long-term value remains highly uncertain.

What is the FTT (FTX) price prediction for 2028?

In 2028, FTT could trade between $0.60 and $6.80 under optimistic legal outcomes, but price action will remain highly speculative.

What is the FTT price prediction for 2040?

By 2040, FTT’s price depends entirely on legal relevance. In a rare favorable scenario, it could retain limited value; otherwise, demand may fade.

Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.

Ether held on crypto exchanges has declined over the last six months as the price of Ether has held steady, while holders are continuing to participate in staking, according to Santiment.

In an X post on Tuesday, Santiment shared data from Sanbase showing that after July saw the highest amount of Ether (ETH) on exchanges with 12.31 million tokens, the amount has steadily declined to 8.15 million.

Santiment analysts predict that the amount of Ether on exchanges could continue to decline as price movements remain muted and more ETH is sent for staking. Ether has been drifting between $2,801 and $3,034 in the last seven days, according to CoinGecko.

“As staking continues to be of strong interest, especially while markets move sideways, exchange supply will continue to shrink as well,” they said.

Source: SantimentEther staking entry queue has a 63-day waitBlockchain explorer Ethereum Validator Queue estimates the entry queue is jam-packed as of Thursday, with 3.6 million tokens lined up to be staked and a forecasted 63-day wait, compared with 44,448 tokens waiting to exit and an 18-hour wait. 

The Ethereum network has a limit on how many validators can enter and exit staking per epoch to protect network stability. 

The total amount of staked Ether is over 36 million, representing roughly 29% of the supply, according to beaconcha.in and Dune Analytics, up from 35 million in June.

There are 3.6 million tokens lined up to be staked, with a forecasted 63-day wait. Source: Ethereum Validator Queue Ethereum is a proof-of-stake network that requires validators to stake the token to help secure the network. Unstaking is often seen as a sign that validators are looking to free up Ether for sale, while staking could be seen as a sign of confidence in the asset, as it requires it to be locked up.

Tom Lee’s Bitmine has 2.5 million ETH stakedBitmine is committing more of its treasury to staking. Data analytics firm Lookonchain reported Bitmine staked another 250,912 Ether from the company’s stash.

In total, Lookonchain estimates Bitmine has now staked more than 2.5 million tokens, representing about 61% of its total holdings.

The Ether treasury firm started staking its stash in December, with a transfer of 74,880 Ether.

Some stakers are accumulating EtherSome Ether stakers also appear to be buying up more of the supply. Lookonchain said four staking wallets withdrew over 26,000 tokens from Binance on Tuesday and speculated they were accumulating more tokens. 

The trading volume for Ether on CoinMarketCap on Thursday was around $23.54 billion, down from more than $27 billion a day earlier.

Magazine: One metric shows crypto is now in a bear market: Carl ‘The Moon’

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

SAN DIEGO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Varonis Systems, Inc. (NASDAQ: VRNS) common stock between February 4, 2025 and October 28, 2025, both dates inclusive (the “Class Period”), have until Monday, March 9, 2026 to seek appointment as lead plaintiff of the Varonis class action lawsuit. Captioned Molchanov v. Varonis Systems, Inc., No. 26-cv-00117 (S.D.N.Y.), the Varonis class action lawsuit charges Varonis and certain of Varonis’ top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Varonis class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-varonis-systems-inc-class-action-lawsuit-vrns.html

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: Varonis provides software products and services.

The Varonis class action lawsuit alleges that defendants created the false impression that they possessed reliable information pertaining to Varonis’ projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. The complaint alleges that in truth, Varonis’ optimistic reports of growth, cost cutting measures, and overall effectiveness of its sales team to continue to convince existing clientele to convert to its SaaS offering fell short of reality; Varonis was simply ill-equipped to continue its annual recurring revenue growth trajectory without maintaining a significantly high rate of quarterly conversions.

The Varonis class action lawsuit further alleges that on October 28, 2025, Varonis released its third quarter results that came in well below their previous projections and resultantly lowered their full-year guidance. Varonis’ CEO, defendant Yakov Faitelson, allegedly elaborated on the reasons for the shortfall, attributing it to the “final weeks of the quarter” where Varonis “experienced lower renewals in the Federal vertical and in our non-Federal on-prem subscription business, which led to a shortfall relative to our expectations.” On this news, the price of Varonis stock fell nearly 49%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Varonis common stock during the Class Period to seek appointment as lead plaintiff in the Varonis class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Varonis investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Varonis shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Varonis class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 
Services may be performed by attorneys in any of our offices. 

Contact:
        Robbins Geller Rudman & Dowd LLP
        J.C. Sanchez
        655 W. Broadway, Suite 1900, San Diego, CA 92101
        800-449-4900
        [email protected]

The award recognizes solutions that work to close workforce skills gaps in Latin America through the use of artificial intelligence (AI).The 10 finalist ventures presented their proposals within the framework of the IFE Conference 2026.The EdTech ecosystem of the Institute for the Future of Education of the Tecnológico de Monterrey Education Group guarantees support and mentorship.
MONTERREY and NUEVO LEÓN, Mexico, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Within the framework of the IFE Conference 2026, the Institute for the Future of Education (IFE) of the Tecnológico de Monterrey Education Group announced O-lab Inc, OZARU, and HackÜ as the winning ventures of TecPrize 2025. The winning solutions work to close workforce skills gaps in Latin America through the use of artificial intelligence (AI).

First place was awarded to O-lab Inc (Colombia), a workforce simulation engine and AI tutors focused on skills-based learning, developed by Diego Guerrero; second place went to OZARU (Mexico), an AI copilot to optimize the work of frontline teams, led by Guillermo Garza; and third place was awarded to HackÜ (Colombia), a gamified microlearning platform for deskless workers, led by Juan Miguel Salazar.

The three winning projects will receive a support scheme designed to strengthen their impact and scalability. In addition, the winners will participate, together with the seven finalists, in a three-month support program and an impact measurement bootcamp. The award provides a financial incentive of $30,000 for first place, $20,000 for second place, and $10,000 for third place.

As part of the program’s benefits, one of the three winning projects will be admitted to the USC Education Technology Accelerator, of the University of Southern California – Rossier School of Education, thereby strengthening its international projection.

About TecPrize

For six years, TecPrize has brought together entrepreneurs, startups, and interdisciplinary teams to co-create responses to real educational challenges, based on collective intelligence, cross-sector dialogue, and access to networks of knowledge, mentorship, and experimentation. In its sixth edition, the program received more than 140 proposals from 20 countries, reflecting the region’s growing educational innovation ecosystem.

This award has established itself as a space for educational innovation: winning and finalist projects have raised more than $4 million in capital, have impacted more than 2.5 million learners, and one finalist startup has achieved an exit/acquisition, demonstrating the potential of solutions when they have the right environment to grow.

TecPrize is an open innovation initiative of the Institute for the Future of Education that seeks to activate talent, connect ideas, and facilitate pathways so that high-impact educational solutions find the necessary conditions to transform learning and work in Latin America and the Caribbean.

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Visit Tecnológico de Monterrey’s Press Center

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About Tecnológico de Monterrey

Tecnológico de Monterrey (http://www.tec.mx) is a private, non-profit university recognized for its academic excellence, educational innovation, and global vision. It was founded in 1943 and currently has a presence in 33 municipalities across 20 states in Mexico, with an enrollment of 60,000 undergraduate and graduate students, as well as more than 27,000 high school students. Accredited by SACSCOC since 1950. It is ranked #187 in the QS World University Rankings 2026 and #7 in Latin America according to the THE Latin America University Rankings 2024. It also stands out in global employability and entrepreneurship programs and is part of international networks such as APRU and U21. To view our Boilerplate, visit: https://tec.rs/Boilerplate

About the Institute for the Future of Education (IFE)

The Institute for the Future of Education (https://tec.mx/en/ife) is an interdisciplinary research institute of Tecnológico de Monterrey, whose mission is to improve the lives of millions of people by transforming higher education and lifelong learning worldwide. The Institute creates, disseminates, and applies research-based educational innovation to strengthen learning ecosystems and practices, engaging in a wide range of activities including research, educational technology entrepreneurship, consulting, impact projects, advocacy, and global community development.

Texas Instruments posted a technical earnings miss. Investors shrugged and bought the stock anyway.

Shares of Texas Instruments (TXN +10.13%) ended Wednesday's trading 9.9% above Tuesday's closing price. The semiconductor veteran reported Q4 2025 results on Tuesday evening, offering an unusual mix of hits and misses.

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A mixed earnings report with a silver lining Let's start with the usual headline figures. TI's revenue rose 10% year over year to $4.42 billion. The analyst consensus called for $4.45 billion, so it was a slight miss. Unadjusted earnings fell 2%, landing at $1.27 per diluted share. Here, Wall Street was looking for $1.29 per share. The bottom line included unexpected charges of $0.06 per share related to goodwill impairment and tax items. Without these one-time items, TI's earnings result would have been more than enough.

So TI fell short of the usual market-moving targets. But investors were quick to brush off these minor disappointments to focus on several positive surprises instead.

Guidance for the next quarter was consistently above the current Street projections. A new chip-making facility in Sherman, Texas, is ramping up production ahead of schedule. Among other items, this factory produces voltage regulators for high-powered computers, ultimately serving the lucrative data center market. That's an ideal segment for beating forecasts. Data center orders rose by a staggering 70% year over year. That wasn't even a reporting segment last year. Still, the data center business is now large enough to deserve its own year-end commentary with detailed financials delivered on the earnings call.

Image source: Getty Images.

Made in America, sold to data centers TI sees manufacturing as a competitive advantage.

Its in-house chip-making assets allow the company to churn out generous product volumes at a time when third-party manufacturing giants led by Taiwan Semiconductor (TSM +1.17%) and Samsung (SSNL.F +56.02%) are booked solid with artificial intelligence (AI) accelerator and memory-chip orders. And TI's top factories operate in Texas and Utah, not Taiwan and China. As a result, management didn't even mention tariffs in the earnings call.

The Q4 numbers were technically a miss, but the market clearly cared more about where TI is headed than where it just was. That's a vote of confidence in the company's data center pivot and in-house manufacturing strategy.

Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing and Texas Instruments. The Motley Fool has a disclosure policy.

General Mills remains a buy as valuation sits at multiyear lows. Priorities for FY2026 are clear, and they were able to reiterate their guidance. Q2 saw organic sales declines slow to 1% YoY, and GIS beat both top and bottom line expectations. Margin contraction continues, but FY2026 priorities—returning North America Retail to growth, accelerating Pet, and boosting efficiency—are strategically sound.

Q4: 2026-01-28 Earnings SummaryEPS of $1.23 beats by $0.10

 |

Revenue of

$3.91B

(-6.50% Y/Y)

misses by $66.96M

C.H. Robinson Worldwide, Inc. (CHRW) Q4 2025 Earnings Call January 28, 2026 5:30 PM EST

Company Participants

Charles Ives - Senior Director of Investor Relations
David Bozeman - President, CEO & Director
Michael Castagnetto - President of North American Surface Transportation
Arun Rajan - Chief Strategy & Innovation Officer
Damon Lee - Chief Financial Officer

Conference Call Participants

Thomas Wadewitz - UBS Investment Bank, Research Division
Bascome Majors - Susquehanna Financial Group, LLLP, Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Jonathan Chappell - Evercore ISI Institutional Equities, Research Division
Reed Seay - Stephens Inc., Research Division
Scott Group - Wolfe Research, LLC

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to the C.H. Robinson Fourth Quarter 2025 Conference Call. [Operator Instructions]

As a reminder, this conference is being recorded Wednesday, January 28, 2026.

I would now like to turn the conference over to Chuck Ives, Senior Director of Investor Relations.

Charles Ives
Senior Director of Investor Relations

Thank you, operator, and good afternoon, everyone. On the call with me today is Dave Bozeman, our President and Chief Executive Officer; Michael Castagnetto, our President of North American Surface Transportation; Arun Rajan, our Chief Strategy and Innovation Officer; and Damon Lee, our Chief Financial Officer.

I'd like to remind you that our remarks today contain forward-looking statements. Slide 2 in today's presentation lists factors that could cause our actual results to differ from management's expectations. Our earnings presentation slides are supplemental to our earnings release and can be found in the Investors section of our website at investor.chrobinson.com.

Today's remarks also contain non-GAAP measures, and reconciliations of those measures to GAAP measures are included in the presentation.

With that, I'll turn the call over to Dave.

David Bozeman
President, CEO & Director

Thank you, Chuck. Good afternoon, everyone, and thank you for joining us today. Over the past year, we've consistently

A GIC sign is pictured at their office in Singapore July 26, 2022. REUTERS/Anshuman Daga Purchase Licensing Rights, opens new tab

Jan 29 (Reuters) - Singapore's sovereign wealth fund GIC has partnered with Sony Music Group to ​acquire music catalog assets, the parties ‌said on Thursday.

The statement said the partnership will combine the operational capabilities of Sony Music Group, the music arm of Japanese ‌conglomerate Sony Group (6758.T), opens new tab, with GIC's long-term ​capital to manage potential assets.

Sign up here.

Bloomberg News reported that the vehicle could include $2 billion ‍to $3 billion in investment. GIC and Sony did not provide an amount in the statement.

"We are excited ⁠about the next stage of streaming ‍monetization through premiumization and subscriber growth in emerging markets," ‌said ‌Girish Karira, Head of Integrated Strategies Group at GIC.

The deal adds to a broader wave of institutional capital flowing into ⁠music assets, ⁠with ​Warner Music Group (WMG.O), opens new tab setting up a joint venture with Bain Capital last July to purchase up to $1.2 ‍billion of music catalogs.

Sony Music Group also teamed up with Apollo Global Management (APO.N), opens new tab in 2024 to ​secure a $700 million investment, ‍allowing Apollo's clients to invest in "high grade" alternative assets.

Reporting by Shruti ​Agarwal in Bengaluru; Editing by Eileen Soreng

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Japan's stock market reached all-time highs in 2026 because of some simple regulatory changes behind the scenes.

Stocks don't always go up because of a splashy new product launch or a charismatic new CEO. Sometimes stocks go up for unglamorous reasons and subtle shifts behind the scenes. One big example of this is the Japanese stock market.

Just in the past few years, Japan's Nikkei 225 index has recovered from several "lost decades" that followed the 1989 stock market crash. The index reached a new all-time high in January. In the past five years, Japan's Tokyo Stock Price Index, commonly known as the TOPIX index, is up 93.3% and the Nikkei 225 index is up 84.3% -- both outperforming the S&P 500 index, which is up 79.2%.

But why are Japan stocks going up? A big reason is something that most everyday investors might take for granted: good corporate governance.

Image source: Getty Images.

Changing Japan's corporate structure Corporate governance might sound boring, but it's a big reason why the Japanese stock market is delivering exciting returns. The past few years have seen substantial reforms of Japan's corporate governance.

Traditionally, major Japanese companies would sometimes get too cozy with each other -- they owned each other's shares and didn't focus enough on delivering returns to shareholders. The Japanese economy was based on the "keiretsu system," a way of companies forming closely interlinked partnerships, with an emphasis on stability and cooperation.

While Japan's keiretsu system offers benefits, it can also lead to inefficiency, limited competition, and a lack of flexibility and innovation. The system would sometimes protect complacent management teams and prop up underperforming companies -- at the expense of other companies' investors. Buying and holding other companies' shares (also called "cross shareholdings") wasn't always the best way to create value for Japan's shareholders.

Why Japan's stock market is booming Japan's Financial Supervision Agency (FSA) and the Tokyo Stock Exchange have implemented aggressive new corporate governance reforms. These include discouraging the longtime practice of cross shareholdings. J.P. Morgan research shows that Japanese companies have been selling off their cross shareholdings at an accelerated pace since fiscal year 2020. Since 2023, the Tokyo Stock Exchange has been publishing lists of companies that are improving their capital efficiency measures and sharing best practices to encourage companies to be more conscious of stock price and cost of capital.

These and other corporate governance reforms are driving Japanese companies to be less interconnected and more competitive. There is a new emphasis in Japan on incentivizing companies to be more focused, buy back more stock, divest non-core businesses, and otherwise operate in ways that are more friendly to investors.

How to "buy Japan" in 2026 Japan's new corporate governance reforms are helping to create a leaner, more competitive, more dynamic economy in Japan. An easy way for American investors to "buy Japan" is to invest in the iShares MSCI Japan ETF (EWJ 0.73%). This exchange-traded fund has outperformed the S&P 500 index in the past year -- the EWJ is up 25.9% while the S&P 500 is up 13.7%.

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When you buy the iShares MSCI Japan ETF, you get 181 holdings in Japan's top companies. The ETF's top holdings include globally recognized Japanese auto and electronics brands like Toyota and Sony, major industrial companies like Hitachi and Mitsubishi, and big financial services firms like Sumitomo Mitsui Financial Group, Mizuho Financial Group, and Mitsubishi UFJ Financial Group. Own the biggest companies in Japan for an expense ratio of 0.49%.

Buying the iShares MSCI Japan ETF could be a smart choice for international stock investors in 2026.

Whirlpool is downgraded to a sell after a 14% rally, with muted free cash flow and persistent debt concerns. Tariffs have become a margin headwind, especially in North America, with Q4 EBIT margins compressing by 270 bps and free cash flow disappointing. WHR's balance sheet remains over-levered, with inventories up 15% and net debt far exceeding management's 2x EBITDA target.

GBank Financial Holdings Inc. (GBFH) Q4 2025 Earnings Call Transcript

Vanguard 0-3 Month Treasury Bill ETF offers a stable, low-risk vehicle for holding cash or 'dry powder' amid overvalued asset classes. VBIL closely tracks the Fed Funds Rate, providing a current yield near 3.5% with negligible interest and credit risk, and an ultra-low expense ratio. Compared to alternatives like SGOV, VBIL is newer but slightly cheaper, efficiently tracks NAV, and modestly outperforms its benchmark.

Q4: 2026-01-28 Earnings SummaryEPS of $4.52 beats by $0.23

 |

Revenue of

$19.69B

(12.15% Y/Y)

beats by $477.25M

International Business Machines Corporation (IBM) Q4 2025 Earnings Call January 28, 2026 5:00 PM EST

Company Participants

Olympia McNerney - Global Head of Investor Relations
Arvind Krishna - CEO, President & Chairman
James Kavanaugh - CFO & Senior VP

Conference Call Participants

Brent Thill - Jefferies LLC, Research Division
Amit Daryanani - Evercore ISI Institutional Equities, Research Division
Benjamin Reitzes - Melius Research LLC
Wamsi Mohan - BofA Securities, Research Division
James Schneider - Goldman Sachs Group, Inc., Research Division
Erik Woodring - Morgan Stanley, Research Division
Matthew Swanson - RBC Capital Markets, Research Division

Presentation

Operator

Welcome, and thank you for standing by. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. Now I will turn the meeting over to Olympia McNerney, IBM's Global Head of Investor Relations. Olympia, you may begin.

Olympia McNerney
Global Head of Investor Relations

Thank you. I'd like to welcome you to IBM's Fourth Quarter 2025 Earnings Presentation. I'm Olympia McNerney, and I'm here today with Arvind Krishna, IBM's Chairman, President and Chief Executive Officer; and Jim Kavanaugh, IBM's Senior Vice President and Chief Financial Officer. We'll post today's prepared remarks with a replay of today's webcast on the IBM investor website within a couple of hours. The earnings presentation is already available.

To provide additional information to our investors, our presentation includes certain non-GAAP measures. For example, all of our references to revenue and signings growth are at constant currency. We provided reconciliation charts for these and other non-GAAP financial measures at the end of our presentation, which is posted to our investor website.

Finally, some comments made in this presentation may be considered forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve factors that could cause our actual results to differ materially. Additional information about these factors is

SAP meets revenue and exceeds non-IFRS operating profit and free cash flow outlook for FY2025 Total cloud backlog up 22% and up 30% at constant currencies Current cloud backlog up 16% and up 25% at constant currencies Cloud revenue up 23% and up 26% at constant currencies in FY2025 Cloud ERP Suite revenue up 28% and up 32% at constant currencies in FY2025 Total revenue up 8% and up 11% at constant currencies in FY2025 IFRS operating profit up 111%, non-IFRS operating profit up 28% and up 31% at constant currencies in FY2025 SAP announces a new, two-year share repurchase program with a volume of up to €10 billion , /PRNewswire/ -- SAP SE (NYSE: SAP) announced today its financial results for the fourth quarter and fiscal year ended December 31, 2025.

Christian Klein, CEO:
Q4 was a strong cloud quarter, with bookings resulting in 30% Total Cloud Backlog growth to a record 77 billion Euros. The significant Current Cloud Backlog growth in Q4 has laid a strong foundation for accelerating Total Revenue growth through 2027. SAP Business AI has become a main driver for growth as it was included in two thirds of our Q4 cloud order entry, combined with strong AI adoption across the ERP Suite.

Dominik Asam, CFO:
We closed 2025 on a high note, delivering strong operating profit and free cash flow ahead of our expectations. This performance reflects focused execution, financial discipline, and the continued trust our customers place in us as the North Star for their digital transformation. As evidenced by continued strong growth well ahead of the market in SaaS and PaaS, and our ability to bring such growth down to the bottom line and Free Cash Flow, we are confident that our strategy and operational discipline will continue to drive long-term value creation.

Financial Performance

Group results at a glance – Fourth quarter 2025

IFRS

Non-IFRS1

€ million, unless otherwise stated

Q4 2025

Q4 2024

∆ in %

Q4 2025

Q4 2024

∆ in %

∆ in %
const. curr.

SaaS/PaaS

5,532

4,585

21

5,532

4,585

21

27

Thereof Cloud ERP Suite2

4,862

3,948

23

4,862

3,948

23

30

Thereof Extension Suite3

670

636

5

670

636

5

10

IaaS4

78

123

–37

78

123

–37

–33

Cloud revenue

5,610

4,708

19

5,610

4,708

19

26

Cloud and software revenue

8,618

8,267

4

8,618

8,267

4

10

Total revenue

9,684

9,377

3

9,684

9,377

3

9

Share of more predictable revenue (in %)

84

81

3pp

84

81

3pp

Cloud gross profit

4,106

3,429

20

4,185

3,458

21

27

Gross profit

7,044

6,943

1

7,175

6,972

3

8

Operating profit (loss)

2,554

2,016

27

2,829

2,436

16

21

Profit (loss) after tax

1,896

1,616

17

1,896

1,619

17

Earnings per share - Basic (in €)

1.58

1.37

15

1.62

1.40

16

Net cash flows from operating activities

1,297

–584

NA

Free cash flow

1,034

–908

NA

1 For a breakdown of the individual adjustments see table "Non-IFRS Operating Expense Adjustments by Functional Areas" in this Quarterly Statement.

2 Cloud ERP Suite references the portfolio of strategic Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions that are tightly integrated with our core ERP solutions and are
included in key commercial packages, such as RISE with SAP. Further, Cloud ERP Suite also includes cloud-based capabilities enabling our customers' ERP landscapes and their cloud
transformation. The following offerings contribute to Cloud ERP Suite revenue: SAP Cloud ERP, SAP Business Technology Platform, financial- and spend management, supply chain management,
core solutions for human capital management, commerce, business transformation management and AI.

3 Extension Suite references SAP's remaining SaaS and PaaS solutions that supplement and extend the functional coverage of the Cloud ERP Suite.

4 Infrastructure as a service (IaaS): The major portion of IaaS comes from SAP HANA Enterprise Cloud.

Group results at a glance – Full year 2025

IFRS

Non-IFRS1

€ million, unless otherwise stated

Q1–Q4

2025

Q1-Q4

2024

∆ in %

Q1–Q4

2025

Q1-Q4

2024

∆ in %

∆ in % const.
curr.

SaaS/PaaS

20,678

16,601

25

20,678

16,601

25

28

Thereof Cloud ERP Suite revenue2

18,119

14,165

28

18,119

14,165

28

32

Thereof Extension Suite revenue3

2,559

2,436

5

2,559

2,436

5

8

IaaS4

345

540

–36

345

540

–36

–34

Cloud revenue

21,023

17,141

23

21,023

17,141

23

26

Cloud and software revenue

32,538

29,830

9

32,538

29,830

9

12

Total revenue

36,800

34,176

8

36,800

34,176

8

11

Share of more predictable revenue (in %)

86

83

3pp

86

83

3pp

Cloud gross profit

15,607

12,481

25

15,757

12,559

25

29

Gross profit

26,942

24,932

8

27,145

25,011

9

11

Operating profit (loss)

9,830

4,665

>100

10,419

8,153

28

31

Profit (loss) after tax

7,492

3,150

>100

7,176

5,279

36

Earnings per share - Basic (in €)

6.28

2.68

>100

6.15

4.53

36

Net cash flows from operating activities

9,156

5,207

76

Free cash flow

8,239

4,222

95

1 For a breakdown of the individual adjustments see table "Non-IFRS Operating Expense Adjustments by Functional Areas" in this Quarterly Statement.

2 Cloud ERP Suite references the portfolio of strategic Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions that are tightly integrated with our core ERP solutions and are
included in key commercial packages, such as RISE with SAP. Further, Cloud ERP Suite also includes cloud-based capabilities enabling our customers' ERP landscapes and their cloud
transformation. The following offerings contribute to Cloud ERP Suite revenue: SAP Cloud ERP, SAP Business Technology Platform, financial- and spend management,
supply chain management, core solutions for human capital management, commerce, business transformation management and AI.

3 Extension Suite references SAP's remaining SaaS and PaaS solutions that supplement and extend the functional coverage of the Cloud ERP Suite.

4 Infrastructure as a service (IaaS): The major portion of IaaS comes from SAP HANA Enterprise Cloud.

Financial Highlights[1]

Fourth Quarter 2025

In the fourth quarter, current cloud backlog grew by 16% to €21.05 billion and was up 25% at constant currencies. Large transformational deals with high cloud revenue ramps in outer years and termination for convenience clauses required by law negatively impacted fourth quarter constant currency current cloud backlog growth by approximately 1 percentage point.

Cloud revenue was up 19% to €5.61 billion and up 26% at constant currencies. Cloud ERP Suite revenue was up 23% to €4.86 billion and up 30% at constant currencies.

Software licenses revenue decreased by 34% to €0.45 billion and was down 31% at constant currencies. Cloud and software revenue was up 4% to €8.62 billion and up 10% at constant currencies. Services revenue was down 4% to €1.07 billion and flat at constant currencies. Total revenue was up 3% to €9.68 billion and up 9% at constant currencies.

The share of more predictable revenue increased by 3 percentage points to 84%.

IFRS cloud gross profit was up 20% to €4.11 billion. Non-IFRS cloud gross profit was up 21% to €4.18 billion and was up 27% at constant currencies. IFRS cloud gross margin was up 0.4 percentage points to 73.2%, non-IFRS cloud gross margin up 1.1 percentage points to 74.6% and up 0.9 percentage points at constant currencies to 74.3%.

IFRS operating profit increased 27% to €2.55 billion and IFRS operating margin was up 4.9 percentage points to 26.4%. Non-IFRS operating profit was up 16% to €2.83 billion and was up 21% at constant currencies. Non-IFRS operating margin increased by 3.2 percentage points to 29.2% and was up 3.0 percentage points to 29.0% at constant currencies. IFRS and non-IFRS operating profit growth were negatively impacted by approximately €0.1 billion related to a 2025 workforce transformation. In addition, IFRS operating profit growth was negatively impacted by approximately €0.2 billion related to Teradata litigation expenses (see section (N) Teradata Litigation Matter).

IFRS earnings per share (basic) increased 15% to €1.58. Non-IFRS earnings per share (basic) increased 16% to €1.62. IFRS effective tax rate was 31.5% and non-IFRS effective tax rate was 33.1%. Both were mainly driven by tax effects relating to taxes for prior years.

Operating cash flow in the fourth quarter increased from -€0.58 billion to €1.30 billion and free cash flow increased from -€0.91 billion to €1.03 billion. The increase was mainly attributable to lower restructuring payments and further supported by lower payouts for share-based compensation and capex.

Full Year 2025

SAP performed against its financial outlook as follows:

Actual 2024

2025 Outlook
(as of January 28)

Revised 2025 Outlook
(as of October 22)

Actual 2025

Cloud revenue (at constant currencies)

€17.14 billion

€21.6 – 21.9 billion

€21.6 – 21.9 billion
towards the lower end of the outlook range

€21.66 billion

Cloud and software revenue (at constant currencies)

€29.83 billion

€33.1 – 33.6 billion

€33.1 – 33.6 billion

€33.44 billion

Operating profit (non-IFRS, at constant currencies)

€8.15 billion

€10.3 – 10.6 billion

€10.3 – 10.6 billion
towards the upper end of the outlook range

€10.66 billion

Free cash flow

€4.22 billion

approx. €8 billion

€8.0 – 8.2 billion

€8.24 billion

Effective tax rate (non-IFRS)

32.3 %

approx. 32%

approx. 32%

30.4 %

Current cloud backlog (at constant currencies)

29 %

to slightly decelerate

to slightly decelerate

25 %

As of December 31, total cloud backlog was up 22% to €77.29 billion and up 30% at constant currencies.

Cloud revenue for the full year was up 23% to €21.02 billion and up 26% at constant currencies. Cloud ERP Suite revenue was up 28% to €18.12 billion and up 32% at constant currencies. Subscription revenue[2] was up 22% to €21.33 billion and up 26% at constant currencies. Software licenses revenue was down 29% to €0.99 billion and down 27% at constant currencies. Cloud and software revenue was up 9% to €32.54 billion and up 12% at constant currencies. Services revenue was down 2% to €4.26 billion and up 1% at constant currencies. Total revenue was up 8% to €36.80 billion and up 11% at constant currencies.

The share of more predictable revenue increased by 3 percentage points year over year to 86% for the full year 2025.

IFRS cloud gross profit was up 25% to €15.61 billion. Non-IFRS cloud gross profit was up 25% to €15.76 billion and was up 29% at constant currencies. IFRS cloud gross margin was up 1.4 percentage points to 74.2%, non-IFRS cloud gross margin up 1.7 percentage points to 75.0% and up 1.6 percentage points at constant currencies.

IFRS operating profit was up 111% to €9.83 billion and IFRS operating margin increased by 13.1 percentage points to 26.7%. IFRS operating profit growth was positively impacted by a restructuring expense decline of approximately €3.1 billion as compared to full year 2024 in connection with the 2024 transformation program and negatively impacted by approximately €0.2 billion related to Teradata litigation expenses (see section (N) Teradata Litigation Matter). Non-IFRS operating profit increased by 28% to €10.42 billion and increased by 31% at constant currencies, non-IFRS operating margin increased by 4.5 percentage points to 28.3% and was up 4.3 percentage points to 28.2% at constant currencies. IFRS and non-IFRS operating profit growth were negatively impacted by approximately €0.1 billion as a result of a change in case law that affected SAP's other tax litigation as well as approximately €0.2 billion related to a 2025 workforce transformation. 

IFRS earnings per share (basic) increased by 135% to €6.28 and non-IFRS earnings per share (basic) increased 36% to €6.15. IFRS effective tax rate was 28.5% and non-IFRS effective tax rate was 30.4%. The IFRS effective tax rate is lower than the non-IFRS effective tax rate due to tax benefits from tax-exempt income.

For the full year, operating cash flow was up 76% to €9.16 billion and free cash flow increased by 95% to €8.24 billion. The increase was mainly attributable to higher profitability and to lower payments for restructuring and share-based compensation. At year end, net liquidity was €3.38 billion.

Non-Financial Performance 2025
In 2025, our Customer NPS decreased 3 points year over year to 9 (2024: 12), which is below our target range of 12 to 16. The decrease was driven primarily by lower NPS scores from on-premise customers who have yet to transition to cloud. Overall NPS scores for cloud-oriented customers remained steady year over year, while increasing in the enterprise segment.

The Employee Engagement Index for the full year 2025 increased 2 percentage points year over year to 76% (2024: 74%), at the midpoint of the target range of 74% to 78%.

The Business Health Culture Index increased one percentage point to 81% (2024: 80%), at the midpoint of the target range of 80% to 82%.

Total carbon emissions decreased to 6.3 Mt in 2025 (2024: 6.9 Mt), in line with our guidance for a steady decrease across the relevant value chain.

New Share Repurchase Program
Following SAP's strong free cash flow generation, the Executive Board and the Supervisory Board have authorized a new share repurchase program with a volume of up to €10 billion. It is scheduled to start in February 2026 and expected to be completed by the end of 2027. The program will be implemented based on the authorization granted by the Annual General Meeting of SAP SE on May 11, 2023, and in compliance with the restrictions set forth therein.

The new share repurchase program follows SAP's 2020, 2022 and 2023-2025 repurchases of around 56 million shares for about €8.0 billion.

2024 Transformation Program: Focus on scalability of operations and key strategic growth areas

In January 2024, SAP announced a company-wide restructuring program which concluded as planned in the first quarter 2025. Overall expenses associated with the program were approximately €3.2 billion. Restructuring payouts amounted to €2.5 billion for the full-year 2024 and €0.8 billion for the full year 2025.

Business Highlights
In the fourth quarter, customers around the globe continued to choose the "RISE with SAP" journey to drive their end-to-end business transformations. These customers included: A2A, adidas, Bertelsmann, BioNTech, Daimler Truck, Deloitte, Électricité de France, Ferring Pharmaceuticals, Fresenius Digital Technology, Galenica, H&M Group, His Majesty's Revenue & Customs, Jabil, KEBA Group, Kirin Holdings, Nokia, Pirelli, RTX, s.Oliver Group, Sigma Healthcare, Sun Chemical, Tokio Marine & Nichido Fire Insurance, Toyota, Ultragaz, and Weir Group.

Dexco, Lockheed Martin, Rolls-Royce SMR, and SA Power Networks went live on SAP S/4HANA Cloud in the fourth quarter.

A. Darbo, BSI, FUNKE Media Group, KPMG, Müller Holding, and Snowflake chose "GROW with SAP", a journey helping customers adopt cloud ERP with speed, predictability, and continuous innovation.

Key customer wins across SAP's solution portfolio included: Bank of Italy, Coop, Deutsche Bundesbank, Hilti, Marubeni IT Solutions, Mondelez International, Robert Bosch, Schaeffler Group, Tech Mahindra, XXXLutz, Zalando, and Zespri Group.

Fressnapf, Globe, Origin Energy, Sartorius, and WATERALIA went live on SAP solutions.

In the fourth quarter, SAP's cloud revenue performance was particularly strong in APJ and EMEA and solid in the Americas region. Brazil, Canada, Germany, India, Italy, South Korea, Spain and the United Kingdom had outstanding performance, while Australia, Japan, Mexico, Saudi Arabia, Singapore and the U.S. were particularly strong.

For the full year, Brazil, France, Germany, India, Italy, South Korea and Spain all had outstanding performances in cloud revenue while China, Japan, Saudi Arabia, the United Kingdom and the U.S. were particularly strong.

On November 4, SAP and Snowflake announced a new collaboration to enable organizations to leverage Snowflake's AI Data Cloud and SAP Business Data Cloud (SAP BDC) together with semantically rich data.

On November 14, SAP reaffirmed its commitment to fair competition amid EU review.

On November 18, SAP announced a new collaboration with France's AI sector, which includes new and expanded partnerships with Bleu, Capgemini and Mistral AI.

On November 27, SAP announced the next stage of its vision for European digital sovereignty with the launch of EU AI Cloud. SAP now offers a truly full-stack sovereign cloud offering, empowering customers to select the right level of sovereignty and deployment for their needs, whether in SAP's own data centers, on trusted European infrastructure or as a fully managed solution on-site.

Outlook 2026

Financial Outlook 2026
For 2026, SAP expects:

€25.8 – 26.2 billion cloud revenue at constant currencies (2025: €21.02 billion), up 23% to 25% at constant currencies. €36.3 – 36.8 billion cloud and software revenue at constant currencies (2025: €32.54 billion), up 12% to 13% at constant currencies. €11.9 – 12.3 billion non-IFRS operating profit at constant currencies (2025: €10.42 billion), up 14% to 18% at constant currencies. Approximately €10 billion free cash flow at actual currencies (2025: €8.24 billion). An effective tax rate (non-IFRS) of approximately 29% (2025: 30.4%)[3]. Constant currency current cloud backlog growth to slightly decelerate in 2026 (2025: 25%). SAP further expects:

Constant currency total revenue growth to accelerate through 2027. Total operating expenses to grow at 80% to 90% of total revenue growth in 2027. Constant currency software support revenue decline rate to accelerate in the coming years as a consequence of an acceleration of customers transforming to the cloud. While SAP's 2026 financial outlook for the income statement parameters is at constant currencies (including an average exchange rate of 1.13 USD per EUR), actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.

Currency Impact Assuming December 31, 2025 Rates Apply for 2026

In percentage points

Q1 2026

FY 2026

Cloud revenue growth

-8.0pp

-3.0pp

Cloud and software revenue growth

-7.0pp

-2.5pp

Operating profit growth (non-IFRS)

-8.0pp

-3.5pp

This includes an exchange rate of 1.18 USD per EUR.

Non-Financial Outlook 2026

For 2026, SAP expects:

Cloud Customer Satisfaction[4] (Cloud CSAT) to be in a range of 75% to 76% (2025: 75%). The Employee Engagement Index to be in a range of 74% to 78% (2025: 76%). The Business Health Culture Index (BHCI) to be in a range of 80% to 82% (2025: 81%). To steadily decrease carbon emissions[5] across the relevant value chain (2025: 3.5 Mt). Additional Information

This quarterly statement and all information therein is preliminary and unaudited. Due to rounding, numbers may not add up precisely. The Q4 2025 Quarterly Statement can be downloaded from: https://www.sap.com/investors/sap-2025-q4-statement

SAP Performance Measures
For more information about our key growth metrics and performance measures, their calculation, their usefulness, and their limitations, please refer to the following document on our Investor Relations website: https://www.sap.com/investors/en/financial-documents-and-events/reporting-framework.html.

Webcast
SAP senior management will host a financial analyst conference call on Thursday, January 29th at 07:00 AM (CET) / 06:00 AM (GMT) / 1:00 AM (EST) / Wednesday, January 28th 10:00 PM (PST), followed by a press conference at 10:00 AM (CET) / 9:00 AM (GMT) / 4:00 AM (EST) / 1:00 AM (PST). Both conferences will be webcast on the Company's website at https://www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the fourth quarter and full-year 2025 results can be found at https://www.sap.com/investor.

About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

For more information, financial community only:
Alexandra Steiger, +49 (6227) 7-767336, [email protected], CET

Follow SAP Investor Relations on LinkedIn at SAP Investor Relations.

For more information, press only:
Marcus Winkler, +46 (6227) 7-67497, [email protected], CET
Daniel Reinhardt, +49 (6227) 7-40201, [email protected], CET

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: +1 (800) 872-1SAP (+1-800-872-1727)

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2024 Annual Report on Form 20-F.

© 2026 SAP SE. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

[1] The Q4 2025 results were also impacted by other effects. For details, please see the full Quarterly Statement.

[2] The subscription revenue measure is the sum of cloud revenue and revenue from time-based on-premise software licenses, which allow our customers to use our software for a specific, predefined period, and the associated software support. Revenue from time-based on-premise licenses is recognized at a point in time, whereas revenue from the associated software support is recognized over time.

[3] The effective tax rate (non-IFRS) is a non-IFRS financial measure and is presented for supplemental informational purposes only. We do not provide an outlook for the effective tax rate (IFRS) due to the uncertainty and potential variability of gains and losses associated with equity securities, which are reconciling items between the two effective tax rates (non-IFRS and IFRS). These items cannot be provided without unreasonable efforts but could have a significant impact on our future effective tax rate (IFRS).

[4] For 2026 and onward, SAP is adopting Cloud Customer Satisfaction (Cloud CSAT) as its new customer experience KPI, as this metric better aligns to SAP's cloud-first strategy. For more information, see the Other Disclosures section in the full Quarterly Statement.

[5] In 2026, we will update the calculation methodology for the Use of Sold Products KPI, to a forward-looking approach that considers the estimated emissions during the lifetime of all new systems sold within a specific period. This change results in a significant decrease in reported emissions and therefore leads to a rebaselining according to the GHG-Protocol. For more information, see the Other Disclosures section in the full Quarterly Statement.

Logo - https://mma.prnewswire.com/media/847591/5741022/SAP__Logo.jpg

SOURCE SAP SE

Item 1 of 5 Mattel releases new Master of the Universe toy line at Nuremberg Toy Fair in Nuremberg, Germany, January 26, 2026. REUTERS/Angelika Warmuth

[1/5]Mattel releases new Master of the Universe toy line at Nuremberg Toy Fair in Nuremberg, Germany, January 26, 2026. REUTERS/Angelika Warmuth Purchase Licensing Rights, opens new tab

NUREMBERG, Germany, Jan 29 (Reuters) - Mattel (MAT.O), opens new tab launched a new line of action figures on Thursday for its upcoming live-action movie "Masters of the Universe", aiming to repeat the success of its 2023 smash hit "Barbie".

The toymaker has more than a dozen movies in development as it looks to reinvigorate its brands and spur demand.

Sign up here.

"Masters of the Universe" is Mattel's second major theatrical release after "Barbie", which grossed more than $1.4 billion worldwide and won an Academy Award.

The toy launch builds on momentum from the new movie's first teaser trailer, released last week, which has since racked up more than 30 million YouTube views.

Roberto Stanichi, Mattel's chief global brand officer, said there was a lot of nostalgia for a toy line that first came out in the 1980s. "So we've been waiting for the right moment to bring it back in a way that really delivers on the legacy", he said at the Nuremberg International Toy Fair in Germany.

The decision to relaunch the brand was driven by Mattel finding the right team to make the movie, led by Oscar-nominated director Travis Knight, he told Reuters.

The action figures - including He-Man, Skeletor and Evil-Lyn - will retail for about $25 and roll out globally from April, around two months before the movie, starring Nicholas Galitzine as He-Man, hits theatres.

The cast includes Jared Leto as the villain Skeletor, as well as Idris Elba, Alison Brie and Camila Mendes.

Reporting by Louisa Off in Nuremberg and Miranda Murray in Berlin. Editing by Mark Potter

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Leading cryptocurrencies and stocks traded flat on Wednesday, while gold extended its record-breaking rally as Federal Reserve Chair Jerome Powell said that rate cuts are not “anybody's base case” currently. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 8:25 p.m.

Bitcoin's next major move hinges on central bank balance sheets, with Arthur Hayes arguing that liquidity expansion, currency stress and bond market distortions could mechanically lift crypto prices regardless of short-term sentiment.

Bitcoin price started a recovery wave above $89,500 but failed above $90,000. BTC is declining and might dip further if it breaks $88,000.

Bitcoin failed to remain above $90,000 and started another decline. The price is trading above $88,200 and the 100 hourly simple moving average. There is a rising channel forming with support at $88,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip further if it trades below the $88,000 and $87,500 levels. Bitcoin Price Faces Rejection Bitcoin price remained stable above the $88,000 support. BTC formed a base and recently started a recovery wave above the $88,500 level.

The price climbed above the $89,000 and $89,500 levels. There was a move above the 76.4% Fib retracement level of the downward move from the $91,098 swing high to the $86,007 low. The bulls even pushed the price above $90,000 but they failed to keep the price in a positive zone.

There was a fresh decline below $89,000. Bitcoin is now trading above $88,200 and the 100 hourly simple moving average. Besides, there is a rising channel forming with support at $88,100 on the hourly chart of the BTC/USD pair.

If the price remains stable above $88,000, it could attempt a fresh increase. Immediate resistance is near the $89,150 level. The first key resistance is near the $89,800 level. A close above the $89,800 resistance might send the price further higher.

Source: BTCUSD on TradingView.com In the stated case, the price could rise and test the $90,250 resistance. Any more gains might send the price toward the $91,200 level. The next barrier for the bulls could be $92,000 and $92,500.

Another Rejection In BTC? If Bitcoin fails to rise above the $89,150 resistance zone, it could start another decline. Immediate support is near the $88,200 level. The first major support is near the $88,000 level.

The next support is now near the $87,200 zone. Any more losses might send the price toward the $87,000 support in the near term. The main support sits at $86,000, below which BTC might struggle to recover in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $88,200, followed by $87,000.

Major Resistance Levels – $89,150 and $89,800.

High Bitcoin options volumes indicate there is still significant interest and capital present in crypto derivatives markets, according to derivatives exchange Deribit, but risk is now being carefully managed, which could explain Bitcoin’s recent price movements.

Bitcoin trading near $90,000 right now “looks a lot clearer when you view it through positioning rather than just price,” said the Coinbase-owned derivatives exchange on Wednesday.

Bitcoin (BTC) appears to be stuck due to concentrated options open interest (OI) around current strike prices for the large Jan. 30 expiry, it added.

This means a “significant share of market exposure is structured through options rather than outright leveraged futures,” they stated. 

“Traders are involved, but they’re using hedges and structured trades, not just directional leverage.”Bitcoin has been trading in a range-bound channel since mid-November, finding support around $85,000 and resistance around $95,000, and oscillating between the two levels. 

Capital is present, but risk is managed Deribit explained that high options volume in near-term expiries, particularly puts (shorts), suggests that traders are managing risk, making price movements more sensitive to hedging flows than external news.

“Rallies may meet supply from risk reduction, dips can find buyers adjusting exposure, and momentum often has to work harder to expand,” they stated. 

“So the thing here isn’t a lack of interest. Capital is present. Risk is just being expressed with tighter control, and short-term price behavior is being shaped as much by positioning mechanics as by new headlines.”Total Bitcoin options OI, or the notional value of contracts yet to expire or be closed, is currently around $38.7 billion and has been rising steadily this month, according to CoinGlass.

Large month-end Bitcoin options expiry looming The coming Friday will see an end-of-month Bitcoin options expiry worth around $8.4 billion in notional value, according to Deribit. 

The put/call ratio is 0.54, meaning there are almost twice as many long contracts expiring as shorts. Max pain, the level at which most contracts will expire at a loss, is currently $90,000, and OI is most concentrated around the $100,000 strike price. 

Bitcoin options OI by expiration. Source: DeribitMagazine: Hong Kong stablecoins in Q1, BitConnect kidnapping arrests: Asia Express

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

Despite snapping a two-day winning streak, XRP’s medium-term price outlook remains bullish.

Below, I will explore the key drivers behind recent price trends, the medium-term (4-8 weeks) outlook, and the technical levels traders should watch.

Fed Chair Powell Signals Data-Dependent Policy Stance On Wednesday, January 28, the Fed maintained the interest rate at 3.75%, with two FOMC members voting for a rate cut. Crucially, Fed Chair Powell downplayed a near-term rate cut, signaling a meeting-by-meeting policy stance. The Fed Chair focused more on inflation than the labor market, underscoring the influence of elevated consumer prices on future policy decisions.

Powell’s comments had a limited effect on expectations of a June Fed cut. According to the CME FedWatch Tool, the chances of a June cut fell from 65.4% on January 27 to 60.8% on January 28.

Notably, XRP dropped to a low of $1.9059 before briefly climbing to a high of $1.9289 during Powell’s press conference. Despite Powell’s meeting-by-meeting stance, economists continued to project two rate cuts in 2026, bolstering demand for risk assets.

Crucially, the US XRP-spot ETF market has seen total net inflows of $1.26 billion, with just two days of net outflows since launching in November 2025. In contrast, the US BTC-spot ETF market has reported net outflows of $2.99 billion since the Canary XRP ETF (XRPC) launched on November 14, 2025.

Analysts expect crypto-friendly legislation to boost XRP utility, pushing the supply-demand balance further in the token’s favor.

On January 29, the US Senate Agriculture Committee will hold a markup and vote on draft text for the Market Structure Bill.

XRP Exposed to Crypto Legislative Developments XRP will likely be more sensitive to crypto-related regulatory developments than Fed Chair Powell’s press conference, given recent price action.

Optimism toward the Senate passing the Market Structure Bill in the first quarter of 2026 boosted demand for XRP in early January.

The token rallied from $1.8103 on December 31 to a January 6 high of $2.4151 in response to the Banking Committee announcing its January 15 markup. However, delays to the Banking Committee and the Agriculture Committee’s markups triggered a reversal. XRP dropped to a January 25 low of $1.8113 before reclaiming $1.9.

XRPUSD – Daily Chart – 290126 – Market Structure Bill XRP Price Forecast: Short-, Medium-, and Long-Term Targets Resilient inflows into XRP-spot ETFs reinforced the positive short-term outlook (1-4 weeks), with a target price of $2.5. Furthermore, the progress of the Market Structure Bill, increased XRP utility, and expectations of multiple Fed rate cuts reaffirm the bullish longer-term price projections:

Medium-term (4-8 weeks): $3.0. Longer-term (8-12 weeks): $3.66. Key Downside Risks to the Bullish XRP Outlook Several events could derail the constructive bias. These include:

The Bank of Japan hints at multiple rate hikes to reach a higher neutral interest rate (potentially 1.5%-2.5%). A higher neutral rate would narrow US-Japan rate differentials more than expected. A markedly narrower rate differential could trigger an unwind of yen carry trades, as seen in mid-2024. An unwind of the yen carry trade would invalidate the bullish short-term outlook. Strong US economic indicators and waning bets on an H1 2026 Fed rate cut. Delays and/or partisan opposition to the Market Structure Bill. XRP-spot ETFs report outflows. These factors would weigh on sentiment, sending XRP below $1.85 and indicating a bearish trend reversal.

Technical Analysis: Levels to Watch XRP fell 0.30% on Wednesday, January 28, partially reversing the previous day’s 0.50% gain to close at $1.9078. The token tracked the broader crypto market cap, which declined 0.08%.

Wednesday’s pullback left XRP trading below its 50-day and 200-day EMAs, signaling a bearish bias. However, favorable fundamentals continue to offset bearish technicals, reinforcing the bullish outlook.

Key technical levels to watch include:

Support levels: $1.85, $1.75, and then $1.50. 50-day EMA resistance: $2.0152. 200-day EMA resistance: $2.2760. Resistance levels: $2.0, $2.5, $3.0, and $3.66. On the daily chart, reclaiming $2.0 would pave the way toward the 50-day EMA. Importantly, a sustained move through the 50-day EMA would indicate a near-term bullish trend reversal. A bullish trend reversal would open the door to testing $2.2. A breakout above $2.2 would then bring the 200-day EMA into play.

A sustained move through the EMAs would reaffirm the bullish short- to medium-term price targets.

Journalist

Posted: January 29, 2026

Despite all the hype in the 2025 cycle, it doesn’t look like institutions are fully buying the “fundamentals-led” story.

Take Ethereum, for example: Down 11% in 2025, and still it saw strong on-chain activity.

For context, the Fuska and Pecta upgrades cut fees and eased congestion, with daily transactions even hitting a record 2.3 million, showing that the upgrades have started delivering results in the 2026 cycle so far.

Still, big money isn’t really showing up.

On-chain strength, institutional hesitation ETF flows saw nearly $664 million in outflows this week alone. In contrast, Chainlink’s [LINK] Grayscale ETF (GLNK) pulled in $4.05 million in inflows, marking a clear divergence.

Source: SoSoValue

To put that in perspective, Ethereum’s [ETH] Grayscale Spot ETF (ETHE) saw $52 million in outflows over the same period. For Layer-1s, that kind of divergence in institutional flows doesn’t look like a short-term rotation.

Building on that, SoSoValue data showed an even clearer contrast.

Chainlink’s ETF flows continue to outpace Dogecoin’s [DOGE], whose net inflows still trail LINK, even though DOGE’s market cap is nearly 3× larger. 

Technically, this suggests ETF capital rotating into Chainlink isn’t chasing short-term moves. Instead, it raises the question: Is LINK one of the few high-cap assets still seeing a fundamentals-driven institutional rally?

Chainlink pushes to hold DeFi dominance as rivalry intensifies The 2025 cycle set the stage for bringing DeFi back to the mainstream.

Data from DeFiLlama as of press time showed total value locked (TVL) across all Layer-1s climbing to $170 billion, reclaiming the level for the first time since it was lost after the 2022 bear market, pointing to a return of on-chain liquidity.

Naturally, that growth spilled into key sectors like stablecoins, RWA, and AI.

Enter Chainlink, now part of the Global Alliance for KRW Stablecoins (GAKS), putting it right at the center of Korea’s stablecoin expansion.

Source: DeFiLlama

Put simply, Chainlink isn’t sitting out the DeFi race. 

By integrating into global stablecoins (the backbone of DeFi rails), it clearly strengthens LINK’s core fundamentals in privacy, compliance, and interoperability, positioning the network as a key infrastructure player.

Meanwhile, the network’s total value secured (TVS) hit a record $70 billion in Q4 2025, reflecting the total assets powered by Chainlink’s oracles and marking a clear sign of its adoption, trust, and real-world usage.

Given this, it’s no surprise that institutional interest is picking up. In this context, Chainlink’s ETF flows appear less speculative and more fundamentally driven, making LINK a clear standout among its rivals.

Final Thoughts While Ethereum’s and Dogecoin’s spot ETFs saw major outflows, Chainlink continues to attract inflows, signaling institutional capital is favoring LINK over other high-cap assets. With TVS hitting $70 billion, global stablecoin integration, and key infrastructure strengths, Chainlink is cementing its role as a core DeFi player.

Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network. She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations. At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.

Ethereum price started a recovery wave above the $2,880 zone but it failed near $3,050. ETH is declining and might struggle to stay above $2,920.

Ethereum failed to stay above $3,000 and started a fresh decline. The price is trading below $2,990 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,880 zone. Ethereum Price Dips Again Ethereum price managed to remain stable above $2,880 and started a recovery wave, like Bitcoin. ETH price was able to clear the $2,920 and $2,950 resistance levels.

The bulls even pumped the price above $3,000. However, the bears remained active near $3,050. A high was formed at $3,040 and the price started another decline. There was a move below the 23.6% Fib retracement level of the recent upward move from the $2,784 swing low to the $3,040 high.

Besides, there was a break below a bullish trend line with support at $3,000 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,980 and the 100-hourly Simple Moving Average.

If the bulls remain in action above $2,920, the price could attempt another increase. Immediate resistance is seen near the $2,980 level. The first key resistance is near the $3,000 level. The next major resistance is near the $3,050 level.

Source: ETHUSD on TradingView.com A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,180 resistance zone or even $3,200 in the near term.

More Losses In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,880 zone or the 61.8% Fib retracement level of the recent upward move from the $2,784 swing low to the $3,040 high.

A clear move below the $2,880 support might push the price toward the $2,820 support. Any more losses might send the price toward the $2,780 region. The main support could be $2,740.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,880

Major Resistance Level – $3,000

Ethereum layer 2 MegaETH has penciled its mainnet launch for Feb. 9 after a rigorous “global stress test” last week to ensure the high‑speed chain is ready for public use.

“Get ready for the fastest* EVM chain ever,” MegaETH co-founder and chief technology officer Lei Yang posted to X on Wednesday after the chain was seen processing up to 35,000 transactions per second during the seven-day stress test.

Public Mainnet // 02.09.26 pic.twitter.com/fMcqVnQ7ZB

— MegaETH (@megaeth) January 28, 2026 The test involved MegaETH opening the mainnet to select users to test latency-sensitive apps while MegaETH devs pushed the chain to the limit on the backend.

Around 10.7 billion transactions were processed on the chain from Web3 games like Smasher, Crossy Fluffle, and Stomp.gg, with one selected user, Simon Dedic, founder and managing partner of crypto investment firm Moonrock Capital, noting that the apps ran smoothly in real-time.

“No latency. No congestion. No degraded UX like you get on almost every other chain. Just apps that work, smoothly, in real time,” Dedic said. “Wild to think MegaETH has already processed more transactions in a few days than Ethereum did in nearly 11 years, without compromising user experience.”

“I don't know about you, but this is what I want my onchain future to feel like.”— munch (@munchPRMR) January 22, 2026 The 10.7 billion transactions seen in the stress test fell just short of the MegaETH team’s 11 billion target.

MegaETH has touted offering sub-millisecond latency and over 100,000 TPS capacity, positioning it to become one of the fastest blockchains in the crypto industry.

It hit up to 47,000 TPS in earlier testing before reaching 35,000 TPS in stress tests. However, real-world TPS could turn out to be a far lower figure. 

Other high-speed chains, such as Solana, have a theoretical maximum of 65,000 TPS; however, their real-world throughput is closer to around 3,400 TPS, according to Token Terminal data.

MegaETH is backed by Ethereum co‑founders Vitalik Buterin and Joe Lubin, and several crypto venture capital firms, including Dragonfly Capital, Figment Capital, and Big Brain Holdings.

MegaETH faced issues with token sale late last yearNot everything has been smooth-sailing in MegaETH’s road to mainnet launch.

In November, MegaETH ran a pre-deposit sale aimed at bootstrapping liquidity and allocating future tokens ahead of the mainnet launch instead of doing a traditional public sale.

It raised $500 million from the pre-deposit sale, but later returned those funds following a series of technical and operational failures, including misconfigured systems, a multisignature transaction mishap, and know-your-client errors.

Magazine: One metric shows crypto is now in a bear market: Carl ‘The Moon’

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

A small team is developing the platform, according to sources, which may integrate ChatGPT for content creation while using biometrics for proof-of-personhood. 

OpenAI-linked token Worldcoin spiked 40% on Wednesday following a report that the artificial intelligence firm is working on a bot-free social media platform that requires “proof of personhood.”  

According to a Tuesday Forbes report citing sources familiar with the matter, OpenAI is aiming to develop a “humans-only platform” as a point of difference from other social media services on the market. 

Still in its early stages, sources state that a small team of around 10 people is building the platform to compete with X, and that it has reportedly been in development since early 2025, according to tech news outlet The Verge.

Forbes’ sources claimed that any “proof of personhood” would likely be verified via Apple’s Face ID or the World Orb eyeball scanner, which has also been utilized as part of World, the blockchain and crypto project co-founded by OpenAI CEO Sam Altman. 

The report coincided with a 40% price pump for Worldcoin (WLD) to $0.63; however, the price has since pulled back to $0.54 at the time of writing, according to CoinGecko data.

Amid a broader crypto downturn in the latter half of 2025, WLD has had a grim price performance, down almost 70% over the past 12 months. 

The World Orb, which has seen criticism over its implications for personal data privacy, scans a person’s face and their iris to verify that they are a unique human. It is a key part of onboarding genuine users to the WorldCoin ecosystem and helps establish a World ID.  

Worldcoin’s World Orb. Source: Cointelegraph Details are sparse on how the reported social media platform could be integrated with OpenAI’s suite of products or potentially with WLD. It is believed, however, that OpenAI’s ChatGPT will be integrated to help users create content such as videos or photos. 

Altman has previously criticized bot activity on X and other social media platforms. Back in September, he said the current social media experience in general felt “fake” due to the sheer number of bot-like posts and comments.  

Magazine: The critical reason you should never ask ChatGPT for legal advice

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

Bitcoin’s unusually subdued options pricing and weak month-to-date activity are setting up what ProCap CIO and Bitwise adviser Jeff Park calls a dangerous asymmetry: upside momentum is unlikely without volatility, and the longer BTC stays “quiet,” the more violent the eventual move could be.

In a post via X on Jan.27, Park described the current tape as “still a trader’s market,” arguing that low implied volatility and thin participation are a poor foundation for a clean grind higher. “It is very unlikely for Bitcoin to find momentum to the upside without experiencing significantly higher volatility,” he wrote.

“The fact that we are at ~38 IV combined with horrible volume MTD gives me pause (lower than ANY month of 2025, and especially bad for January in general) when you can see what the metals complex is doing. You literally can’t imagine a worse set up for disappointment.”

What Happened In Silver And Why It Could Repeat For Bitcoin Park’s reference point is a silver market that has gone from strong to disorderly. Silver prices have surged above $117 per ounce on Monday, with reports pointing to a speculative bid layered on top of tight physical conditions and heavy retail participation via bars, coins, and physically backed ETFs.

The move also featured a sharp single-day jump. On Jan. 26, the most-active silver futures contract rose 14%, the largest one-day gain since 1985. That price action coincided with a staggering surge in trading and options activity across silver vehicles.

Bloomberg ETF analyst Eric Balchunas highlighted the scale: “WHOA: The volume in the SLV is $32b.. that 15x its avg and by far the most volume of any security on the planet. For context, SPY is $24b, NVDA and TSLA $16b. Can’t remember the last time something so relatively small took over like this. Game Stop maybe.”

WHOA: The volume in the $SLV is $32b.. that 15x its avg and by far the most volume of any security on the planet. For context, $SPY is $24b, $NVDA and $TSLA $16b. Can’t remember the last time something so relatively small took over like this. Game Stop maybe. pic.twitter.com/s6lVajUq4J

— Eric Balchunas (@EricBalchunas) January 26, 2026

He later added that SLV “ended up trading $40b worth of shares [on Monday],” adding: “To put that into perspective, that’s more than it traded in all of Q1 last year. Jan + Feb +Mar = $35b. Options volume also in stratosphere. It’s already done $1.5b in pre-market, which is 3x more than any other ETF, 5x more than Tesla, Nvidia. Again, reminds me of Game Stop in its how is this even possible-ness.”

“Paper” Exposure As An Accelerant A common crypto refrain is that “synthetic” or “paper” bitcoin suppresses spot price. Park argued the opposite dynamic is often underappreciated and he used silver to illustrate how leverage and market structure can turn into the catalyst.

“People often blame incorrectly that ‘synthetic/paper’ bitcoin is the cause of price suppression,” Park wrote. “I have long argued it is quite the opposite, which you can see how it manifests in silver below- Silver didn’t have a 6-sigma event because the spot market was so vibrant.”

In his telling, silver’s melt-up wasn’t driven by orderly spot demand; it was driven by the “shenanigans” inside financialized exposure. “Silver’s record-setting meltup comes from all the shenanigans behind ‘paper silver’ where margin rules, leveraged instruments and vehicles, and liquidity and maturity transformation mismatches create tremendous pressure on breaking points where no physical supply can be introduced fast enough to counter the velocity of paper supply,” he said.

“For Park, the takeaway is directional but not calendar-specific. “To root for Bitcoin is to root for its volatility,” he wrote. “Anyone who tells you otherwise does not understand the fundamentals of the commodities market … It may not be today or yet tomorrow, but eventually Bitcoin is going to rip many faces off. Volatility or bust.”

At press time, BTC traded at $89,430.

Bitcoin remains in the range between the 0.618 and 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com