Market Signal Briefing

Adjusted net income (non-GAAP) of $49 million , or $0.33 per diluted share Net interest margin expands to 3.69% amid solid performance Year to date EPS of $0.92 per diluted share, 16% growth from the prior year Record quarterly total revenue of $180 million, 17% growth from the prior year COLUMBUS, Ohio, Jan. 26, 2026 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (Nasdaq: NWBI) announced net income for the quarter ended December 31, 2025 of $46 million, or $0.31 per diluted share. This represents an increase of $13 million compared to the same quarter last year, when net income was $33 million, or $0.26 per diluted share, and an increase of $43 million compared to the prior quarter, when net income was $3 million, or $0.02 per diluted share.

Energy solutions selected will add needed capacity to Avista’s portfolio January 26, 2026 16:05 ET  | Source: Avista Corporation

SPOKANE, Wash., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Avista has selected projects as part of its request for proposal (RFP) process to identify new resources to support long-term reliability and customer needs.

Avista’s 2025 Electric Integrated Resource Plan (IRP) filed on December 31, 2024, identified a need for resource additions to Avista’s portfolio to meet reliability requirements, growing customer demand for energy and Avista’s clean energy goals.

To meet these needs, Avista will begin contract negotiations for the following projects:

A self-build upgrade of Avista’s existing Natural Gas Combustion Turbines in north Idaho to add 14 MW of capacity without increasing carbon emissions. This upgrade will occur in two stages with the first occurring in 2027 and the second in 2029.A project for 100 MW, 4-hour Battery Energy Storage System (BESS), to be built and transferred to Avista in eastern Washington with a target date in 2028.A Power Purchase Agreement for approximately 200 MW of wind power from Montana that utilizes the Avista share of the Colstrip Transmission System with a target date in 2029.The addition of approximately 40 MW of Demand Response Programs that will recruit residential, commercial and industrial customers within Avista’s service territory, beginning in 2026. “We are encouraged by the projects selected as a part of this process and the value they represent. The resources that were selected will play a critical role in meeting reliability and resource adequacy goals to serve customers and the growing demand for energy,” said Scott Kinney, Avista’s Vice President of Energy Resources & Integrated Planning. “These projects reflect a diverse mix of solutions, including clean energy, capacity-enhancing technologies, customer energy management solutions, and resources designed to optimize energy use. We look forward to engaging our selected partners to deliver resilient energy solutions.”

Avista’s RFP solicited proposals from bidders across all technology types, including demand response, to secure additional energy and capacity which would support long-term resource adequacy and reliability needs identified in the 2025 IRP.

More information about the selected projects will be provided as contracts become final. Additional information related to the RFP is available on the Avista website at www.myavista.com/allsourcerfp.

About Avista Utilities

Avista Utilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 422,000 customers and natural gas to 383,000 customers in a service territory that covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Avista Utilities is an operating division of Avista Corp. (NYSE: AVA). For more information, please visit www.myavista.com.

To unsubscribe from Avista’s news release distribution, send reply message to [email protected].

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NEW YORK, Jan. 26, 2026 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 31, 2025. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.16 % 2) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 2.00 % 3) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53 1.97 % 4) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.93 % 5) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.92 % 6) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/54 1.86 % 7) Worthington City School District Series 2025-2 5.50%, 12/01/54 1.86 % 8) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55 1.85 % 9) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 1.85 % 10) County of Miami-Dade FL Aviation Revenue Series 2025-2 5.50%, 10/01/55 1.83 % Sector/Industry Breakdown Portfolio % Revenue Health Care - Not-for-Profit 12.77 % Airport 10.26 % Revenue - Miscellaneous 7.18 % Toll Roads/Transit 5.51 % Industrial Development - Airline 5.14 % Prepay Energy 4.74 % Higher Education - Private 3.83 % Primary/Secondary Ed.

NEW YORK, Jan. 26, 2026 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today:

FUND NAME AND DISTRIBUTIONS

EX-DATE

RECORD DATE

PAYMENT DATE

AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF)

2/5/2026

2/5/2026

2/20/2026

$0.0655 per share of investment income

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)

2/5/2026

2/5/2026

2/20/2026

$0.05018 per share of investment income

The Funds are managed by AllianceBernstein L.P.

SOURCE AllianceBernstein Closed-End Funds

"After massive manipulation and bubble phase, we'll see a glorious dump," one X user predicted.

Bitwise Asset Management has launched its first onchain vault strategy via the decentralized lending protocol Morpho, marking the firm’s entry into the decentralized finance or DeFi market.

The initial vault targets up to 6% yield on the USDC stablecoin by deploying capital into "over-collateralized" lending markets on Morpho, Jonathan Man, Bitwise’s head of multi-strategy solutions and portfolio manager, told The Block. Man said other major stablecoins and crypto assets could be supported in the future, alongside a broader set of DeFi strategies, including real-world asset tokenization, decentralized exchange liquidity provision, and yield farming.

Bitwise, which is best known for its crypto exchange-traded funds, said its curated onchain vault strategies are designed to make DeFi more accessible to investors who want exposure to onchain yield without managing complex risk parameters themselves.

“Decentralized finance, or DeFi, offers compelling yield opportunities, but the complexity of managing onchain risk has kept many investors on the sidelines," Man said. “That’s why we’re so excited for Bitwise to enter vault curation. Bitwise provides a critical value-add by layering institutional-grade risk management and regulated oversight onto these non-custodial tools.”

Under the structure, Bitwise oversees strategy design and real-time risk management, while user funds remain non-custodial and held onchain. Vaults function similarly to a portfolio of lending positions, using smart contracts to automatically allocate capital within predefined risk limits.

'ETFs 2.0' Bitwise recently described onchain vaults as “ETFs 2.0” and said it expects assets under management in vaults to double this year. Vaults began gaining traction in 2024, growing from less than $100 million to $2.3 billion in assets, Bitwise noted at the time. Interest accelerated in 2025, with assets peaking at $8.8 billion, before market volatility in October exposed weak risk management across some strategies and led to losses and outflows, the firm said. It added that the pullback was a necessary reset, arguing that higher-quality vault curators will attract fresh capital in the next phase of growth.

Onchain yield products have increasingly become a focus for major crypto platforms. Earlier today, Kraken announced a new “DeFi Earn” product built on vault infrastructure from Veda, targeting yields of up to 8%.

Coinbase, meanwhile, has offered onchain lending through Morpho for more than a year, but it does not act as a vault curator, Morpho co-founder and CEO Paul Frambot told The Block.

"Exchanges like Coinbase offer Morpho vaults to their users so they can earn yield in a non-custodial way. In that setup, Coinbase focuses on distribution and user experience. It does not manage the onchain strategies itself," Frambot said. "Those vaults need a curator to design the strategy, manage risk, and allocate capital onchain in a non-custodial way. Bitwise is joining Morpho as a curator, they will directly curate non-custodial vault strategies onchain, that then will be distributed in fintechs, exchanges, ... that want yield on their stablecoins."

While vaults offer onchain transparency and automation, DeFi lending carries risks, including smart contract vulnerabilities and losses if collateral values fall too quickly. Unlike traditional financial products, onchain vaults are not insured, and losses can be shared among lenders within the same vault.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

TL;DR

Bitcoin broke below its 12-month moving average for the first time since 2022. Its $100,000 resistance mirrors the 5% yield ceiling on US 30-year Treasuries. Key technical support is at $87,000, with potential for a drop to $78,000. Bitcoin shows growing signs of macroeconomic stress by trading below its 12-month moving average for the first time since 2022, a development that historically carries deflationary implications. The move occurs as the price hovers around $87,000, a level now acting as a critical line for market sentiment.

The break below the long-term trend has reopened the debate over whether the flagship cryptocurrency is entering a prolonged consolidation phase or setting the stage for a deeper correction.

Key 2026 Ceilings? $100,000 Bitcoin, 5% Treasury Bond –
For the first time since 2022, Bitcoin is below its 12-month moving average, with deflationary implications. If this leading indicator and first-born crypto keeps putting distance under $100,000, it may gain followers. Akin… pic.twitter.com/X1fkrBIHfh

— Mike McGlone (@mikemcglone11) January 25, 2026

Mike McGlone of Bloomberg shared an analysis arguing that Bitcoin’s struggle to regain momentum below $100,000 mirrors stress signals emerging in traditional markets, particularly US government bonds. McGlone maintains that Bitcoin and long-dated Treasuries now tell a similar story about slowing growth and tightening financial conditions.

Bonds and Bitcoin Reflect the Same Macroeconomic Pressure One of the most striking parallels highlighted in the analysis is the behavior of the US 30-year Treasury yield. Despite repeated attempts, long-term yields have failed to remain sustainably above the 5% level. The inability to hold higher yields suggests waning confidence in aggressive growth and inflation scenarios.

In McGlone’s framework, Bitcoin’s $100,000 level functions much like the 5% threshold for 30-year Treasuries: a psychological ceiling that markets have struggled to break decisively. Both assets peaked in 2025, with Bitcoin reaching approximately $126,000 while the 30-year yield topped out near 5.15%.

As of late January 2026, the figures retreated to around $88,600 for Bitcoin and approximately 4.83% for bond yields, reinforcing the idea that broader macroeconomic forces are pulling risk assets lower.

From a market structure perspective, Bitcoin is sitting directly on a major support zone around $87,000. Data from onchain analysis models show the area has repeatedly acted as a stabilizing point during previous pullbacks.

The broader implication of the signals is that Bitcoin increasingly behaves like a macro asset, responding to the same forces influencing bonds, liquidity conditions, and growth expectations.

As long as long-term yields struggle to rise and financial conditions remain tight, Bitcoin may find it difficult to reclaim higher levels quickly. The market searches for direction amid global economic uncertainty and mixed signals from central banks about future monetary policy.

The correlation between Bitcoin and traditional financial instruments has strengthened over recent months. Investors now watch Treasury yields, Federal Reserve policy statements, and macroeconomic data releases as closely as on-chain metrics when positioning for crypto trades.

McGlone’s analysis suggests the $100,000 resistance for Bitcoin and the 5% ceiling for 30-year Treasuries represent more than technical barriers. Both levels embody market skepticism about whether current economic conditions can support sustained risk-taking at elevated valuations.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) rallied 3% on Monday but both remain below all major moving averages after 60% crashes from 2024 peaks.

DOGE: Dead Cat Bounce Or Real Reversal?

Dogecoin is up 3% today, but the rally looks like a technical bounce in a brutal downtrend.

After reaching highs around $0.30-$0.32 in September 2025, DOGE has crashed approximately 60% to current levels. 

The price is trading below all major EMAs in complete bearish alignment:

20 EMA: $0.13040 50 EMA: $0.13728 100 EMA: $0.15236 200 EMA: $0.17296 Moreover, bollinger bands show DOGE trading near the lower band at $0.11616, suggesting the asset may be oversold in the short term. 

But oversold doesn’t mean reversal—it just means the selling has been aggressive.

Exchange Outflows: Bullish Or Bearish?

Netflow data shows -$10.91 million as of January 26 as per Coinglass, indicating more DOGE is leaving exchanges than entering.

This could mean long-term holders are moving coins to cold storage, which reduces selling pressure. 

But combined with the 60% price decline, it may also reflect reduced trading interest—people are walking away from the trade entirely.

SHIB: Same Story, Different Token

Shiba Inu mirrors DOGE’s pattern—up 3% today but trapped in a persistent downtrend since July 2025.

After reaching highs around $0.00001800 in July, SHIB has formed a series of lower highs and lower lows—a classic downtrend pattern. 

The Supertrend indicator at $0.00000892 remains firmly bearish, positioned well above current price.

Additionally, the Parabolic SAR dots at $0.00000875 are also positioned above price, confirming bearish momentum. 

Both indicators act as dynamic resistance, meaning any rally will face selling pressure at these levels.

Key Levels To WatchDOGE Resistance: $0.13040 (20 EMA) immediate ceiling. Breaking $0.15236-$0.17296 (100-200 EMA zone) required for reversal. Support: $0.11616 (lower Bollinger Band) immediate floor. Breaking $0.11 opens the door to $0.08-$0.10. SHIB Resistance: $0.00000875-$0.00000892 (Supertrend/SAR zone). Must break and hold above this level for bulls to regain control. Support: $0.00000700 psychological level. Breaking this targets $0.00000650-$0.00000600. Image: Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Mystery whale moves 61.63B SHIB through Coinbase as February begins. Historical data shows 9.26% average gains.

Newton Gitonga2 min read

26 January 2026, 07:28 PM

A large-scale Shiba Inu transaction has captured attention across cryptocurrency markets. Blockchain intelligence firm Arkham detected unusual movement from wallet address 0x519Fe, which deposited and withdrew 61.63 billion SHIB tokens through Coinbase's hot wallet within hours.

The wallet now shows a zero balance. The rapid round-trip transaction occurred as SHIB trades at $0.00000776, hovering just above critical support at $0.0000075. Market observers remain uncertain about the whale's intentions.

The timing raises questions. Large deposits to centralized exchanges typically signal selling pressure. However, the immediate withdrawal suggests alternative motives. Traders speculate the move could represent portfolio rebalancing, off-exchange settlement, or strategic positioning ahead of anticipated price movement.

Historical February Performance Creates Bullish BackdropShiba Inu has demonstrated consistent strength during February over recent years. Historical data reveals notable gains during this month across multiple years. In 2022, SHIB posted a 20.3% increase. The following year saw more modest growth at 1.59%. February 2024 delivered the strongest performance with a 41.3% surge.

CryptoRank data confirms February ranks as the second-best month for SHIB performance. The average return for this period stands at 9.26%. Only one other month surpasses February's historical track record for the meme coin.

The seasonal pattern has attracted increased attention from both retail and institutional traders. Many market participants position themselves to capitalize on potential February upside. The recent whale activity adds another layer of intrigue to these seasonal expectations.

Technical Indicators Show Mixed SignalsPrice action tells a complex story. SHIB attempted a breakout toward $0.000009 in mid-January but failed to sustain momentum. The rejection led to a pullback toward current levels. Support near $0.0000075 has held multiple tests in recent weeks.

Daily chart analysis reveals a pattern of higher lows forming. This technical development often precedes upward price movement. However, the token remains below key resistance levels that would confirm a trend reversal.

Volume metrics add context to the price structure. Trading activity has remained relatively stable despite the failed breakout attempt. The large whale transaction occurred without triggering significant price volatility, suggesting the market absorbed the movement efficiently.

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Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Latest Shiba Inu News Today (SHIB)

Chris Burniske, cofounder of Placeholder VC and former crypto lead at Ark Invest, is mapping out where he would consider stepping back into Bitcoin if the market keeps sliding, after earning fresh credit on X for calling major turning points this cycle. His framework lands in the mid-$80,000s down to the low-$50,000s, while a separate technical view from analyst Aksel Kibar points to a broader “base building” process with support clustered in the mid-$70,000s.

Price Levels Where To Buy Bitcoin Burniske wrote that he is “not a buyer yet,” but outlined several price areas he’s monitoring. In his view, roughly $80,000 matters as the November 2025 low and a local trough of the current downswing. Below that, he highlighted roughly $74,000, tying it to the April 2025 low and describing it as the “Tariff Tantrum” bottom; he also noted it sits just under Strategy’s (MSTR) stated Bitcoin cost basis of around $76,000.

He then pointed to around $70,000 as the top of the prior $50,000–$70,000 band near the 2021 high, before shifting to a more structural level near $58,000. That zone, he wrote, aligns with the 200-week simple moving average and an on-chain cost basis, with RV around $56,000. Finally, he flagged $50,000 and below as a psychological line, arguing that a break under it would likely revive “death of BTC” narratives.

I’m not a buyer yet, but if I were to be a buyer, imo the areas to watch for $BTC are:

~$80K: Nov ’25 low, local low of this “bear”
~$74K: April ’25 low, Tariff Tantrum low, just below $MSTR‘s cost basis (~$76K)
~$70K: Top of $50-70K range, near ’21 high
~$58K: 200W SMA &…

— Chris Burniske (@cburniske) January 25, 2026

Burniske’s posture is deliberately non-committal on timing. “Importantly, I don’t care what happens,” he wrote, adding that if Bitcoin rallies he will “ride what I have and diversify,” while a deeper unwind would have him buying more Bitcoin and “select crypto assets.”

The thread also touched altcoins. Asked how he thinks about alts versus Bitcoin, Burniske said it’s “best imo to buy alts after you think btc is near bottom,” reinforcing that he’s treating BTC’s downside process as the key gating factor for broader risk-taking. On positioning, he said he is sitting “in treasuries, where yield > inflation,” and when asked about an upside level that would force him back in, he replied that he “wouldn’t chase,” preferring to hold existing exposure rather than re-risk at higher prices.

Burniske’s renewed attention followed praise from Anthony Pompliano, who told him: “You nailed the SOL bottom and the BTC top over this cycle.” Burniske’s reputation for calling tops is partly tied to an October 2025 post in which he argued the market had likely been structurally damaged after a sharp selloff.

“We can always get another weak bounce, but I’ve taken action accordingly,” he wrote at the time. “I’ll likely get interested in the market again when I see BTC $75K or lower.”

Breakdown Or Bottoming Phase? Separately, veteran technician Aksel Kibar posted a BTCUSD daily chart on Sunday without additional commentary. When asked directly about a breakout or breakdown, Kibar cautioned against overweighting diagonal formations: “Not giving too much weight to diagonal short-term patterns breakout/breakdown. I think this is part of the base building, searching for a bottom.”

Bitcoin price analysis | Source: X @TechCharts Kibar had previously framed “technical support” as being “lower between 73.7K and 76.5K,” suggesting that if Bitcoin is indeed in a basing phase, the market may need time and repeated tests of those lower bands before a more durable trend reasserts itself.

At press time, BTC traded at $87,812.

Bitcoin remains 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

Bitcoin’s path back to a new all-time high and subsequent price discovery is being set by whether spot ETF flows turn persistent again after a two-way start to 2026 that tested how “sticky” institutional demand is in the post-ETF era.

CryptoSlate tracked $1.29 billion of net outflows from U.S. spot Bitcoin ETFs from Dec. 15 through Dec. 31, 2025. The stretch showed redemptions can cluster even late in the year.

The first full trading week of January 2026 brought another risk-off impulse. Spot Bitcoin ETFs shed a combined $681 million.

Farside Investors’ daily flow table for that window shows multiple large negative sessions. Those include -$486.1 million on Jan. 7, -$398.8 million on Jan. 8, and -$250.0 million on Jan. 9.

Date (2026)Spot BTC ETF net flow (USD mm)Jan. 7-486.1Jan. 8-398.8Jan. 9-250.0Jan. 14+840.6Jan. 20-479.7Jan. 21-708.7Jan. 22-32.2Jan. 23-103.5The whiplash cuts both ways, revealing how quickly the conduit can reopen and how quickly it can reclose when risk appetite fades.

The largest single-day inflow print of early 2026 arrived on Jan. 14. Inflows topped about $840 million, as Bitcoin traded above $97,000.

But the late-January tape shifted again: four sessions from Jan. 20 through Jan. 23 totaled roughly $1.32 billion of net outflows, led by -$708.7 million on Jan. 21. That reversal is the more current test of whether creations can persist beyond bursty, price-chasing days.

Spot ETF era changes the market’s pacingThe 2024 approval of spot Bitcoin ETFs was a key market structure change that makes these prints significant, reshaping how demand and supply are expressed through a regulated vehicle. Prior to that, any crypto ETF flows were essentially meaningless, as they were based on ‘paper Bitcoin' through futures markets.

For traders trying to time the next all-time high, the most obvious question is whether this shift removes the halving cycle.

One thing we know for certain is that it changes the pacing and visibility of repositioning, because flows mostly respond to macro conditions rather than impose them.

History still sets the most recent reference point for “price discovery.” Bitcoin hit a record high of $126,100 in October 2025, in a move tied to U.S. equity gains and ETF inflows as the U.S. dollar retreated.

That October high landed in a window where cycle highs have always happened after past halvings, as CryptoSlate projected last year.

The forward-looking question is whether the next break above that October 2025 ceiling arrives sooner through a renewed, multi-week ETF bid under steady policy expectations outside of the usual cycle window.

Or, flows could remain tactical enough to delay a new high until the next cycle waypoint. This would not be until 2029 if we follow historical timing, or late 2027 if the 2020 – 2024 cycle repeats, when we saw another all-time high right before the halving.

For context on how the last breakout developed, see CryptoSlate’s explainer on why BTC reached a new all-time high.

Macro liquidity and rate expectations frame the setupNear-term macro plumbing provides a measurable backdrop. In the Federal Reserve’s weekly H.4.1 release for the week ended Jan. 21, 2026, “Securities held outright” stood at about $6.285 trillion.

In the same release, “Reserve Bank credit” stood at $6.532 trillion. Some macro traders track it as a broader balance-sheet proxy and liquidity gauge.

Those levels do not map one-to-one onto Bitcoin’s price, but in the ETF era, they help describe the regime in which ETF creations may persist or revert, especially around policy meetings that can reprice risk.

Fed H.4.1 line itemWeek endedValue (USD mm)Approx. (USD T)SourceSecurities held outrightJan. 21, 20266,284,5776.285Federal Reserve (H.4.1)Reserve Bank creditJan. 21, 20266,532,3456.532Federal Reserve (H.4.1)The next volatility waypoint is also dated. The next FOMC meeting begins Jan. 27, 2026, and ends Jan. 28, with the statement due at 2 p.m. ET.

As of press time, the CME FedWatch tool shows a 97% probability of no change. In practical terms, that sets up a short-run test of whether January’s inflow day was the start of a longer creation streak, or whether late-January outflows mark a return to tactical, mean-reverting positioning.

It could also prove to be a one-day chase that unwinds quickly if rates repricing tightens financial conditions.

Three paths to the next Bitcoin all-time highWith those inputs, three timing windows emerge that traders can track without treating any single driver as deterministic.

Path 1In a “liquidity steadies and the ETF bid persists” path, the next all-time high could come in 2026 or 2027 if daily net flows shift from bursts to multi-week net creations. The market has already shown it can absorb about $840 million of net inflows in one session.

The trigger, however, is persistence: repeated positive totals in ETF flows that do not quickly mean-revert into multi-day outflow streaks, combined with a calmer rates path around meetings such as the late-January FOMC window.

For cross-asset confirmation, the BTC/Nasdaq ratio is currently at 3.4, down from around 4.8 seen in October 2025, when Bitcoin hit its all-time high. BTC/Nasdaq (BTC price divided by the Nasdaq 100) acts as a relative-strength barometer for whether BTC is leading or lagging US growth risk.

Thus, since the October high, Bitcoin’s performance has deteriorated relative to the Nasdaq. Meaning BTC is in a weaker risk regime than it was at the peak.

Path 2A second path keeps the cycle concept intact but “re-parameterized” by TradFi rails. Under that view, the next all-time high arrives later, potentially closer to the pre-2028-halving window.

The evidence for that slower path is visible in two-way valve behavior. Large outflows into year-end 2025 and again in early January 2026 were followed by a sharp positive day that can reflect tactical re-entry as price moves rather than long-horizon allocation, and then another late-January outflow streak.

Under that regime, price discovery becomes a conditional event. It requires both a break above the October 2025 highs and confirmation that creations are no longer mean-reverting around risk-off weeks, rather than a single catalyst date tied to issuance.

Path 3A third path treats drawdowns as a continuing constraint even with ETFs. Market history includes large peak-to-trough declines that can reappear if a macro shock forces deleveraging across risk assets.

PortfoliosLab lists a -76.67% maximum drawdown from November 2021 to November 2022. It also shows earlier cycles exceeding -80%, including -85.3%, -83.8% and -93.07% in prior periods.

In this scenario, institutional rails may alter the speed and liquidity of distribution.

However, the envelope of historical outcomes remains wide enough that “next ATH timing” becomes subordinate to how deep a reset gets priced before a new accumulation phase begins.

Sell-side forecasts provide a separate reference range that can be tracked against these triggers without treating the target as a baseline.

Standard Chartered expects Bitcoin to hit $150,000 by the end of 2026. The bank cut the call to about half of its prior $300,000 target, setting a concrete marker that would require the market to reclaim the October 2025 highs and sustain above them.

Whether this path develops is now measurable day by day through ETF flow persistence and week by week through Fed balance-sheet reporting and rate-path expectations, rather than through halving narratives alone.

The immediate test for that framework comes in the same place the market is already watching. It is Jan. 28 at 2 p.m. ET, when the Fed releases its policy statement.

Mentioned in this article

Veteran crypto analyst Trader Mayne argues Bitcoin (CRYPTO: BTC) is the only crypto asset worth holding long term, warning that roughly 99% of altcoins are structurally built to transfer wealth from retail investors to insiders.

From so-called blue chips to meme coins, Mayne says most are mathematically destined to bleed toward zero against Bitcoin over time.

The ‘Pump.fun’ Lottery's 99.6% Fail RateMayne highlighted the harsh odds in the current meme coin cycle, pointing to Solana (CRYPTO: SOL)-based launchpad Pump.fun.

Data shows a 99.6% failure rate, with just 0.4% of wallets making over $10,000 and only 296 wallets reaching millionaire status. Mayne added, "The vast majority of people who make money, are the people launching the coins, the devs, and the insiders."

Altcoins Bleed While Bitcoin DominatesHistorical data shows even established altcoins consistently underperform Bitcoin over full market cycles.

Litecoin (CRYPTO: LTC) is down nearly 99% versus BTC over the past decade, Cardano (CRYPTO: ADA) has lost 97% against BTC in seven years, and despite recent hype, Solana is down ~50% versus BTC since January 2022 and ~70% from its BTC-denominated peak.

Why Bitcoin Stands ApartMayne says Bitcoin's fixed supply, fair launch, and decentralization make it unique, while altcoins face constant dilution from VC unlocks and structural risk.

His advice to retail investors is straightforward: stop trading Bitcoin like an altcoin.

Instead, dollar-cost average (DCA) into BTC long term, and buy aggressively during 30%–50% bull-market pullbacks to steadily increase BTC exposure as fiat currencies debase.

Image: Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Macro fears mask Ethereum’s momentum, SharpLink CEO saysSharpLink CEO Joseph Chalom argues that macro uncertainty is hiding a massive institutional shift toward Ethereum-based tokenization. Jan 26, 2026, 7:55 p.m.

What to know: The context: Former BlackRock Head of Digital Assets Strategy, and SharpLink CEO, Joseph Chalom says institutional giants are betting heavily on Ethereum to serve as the global infrastructure for asset tokenization, ignoring current price stagnation.

He outlines three key drivers for a projected 10x surge in Ethereum activity this year:

BlackRock’s Larry Fink has signaled strong conviction that Ethereum will be the "toll road" for tokenized assets.Over 65% of all stablecoins and tokenized assets live on Ethereum, dwarfing Solana by a factor of ten.High-value projects prioritize Ethereum's decade-long record of security and liquidity over faster, cheaper alternatives.Reading between lines: Stagnant crypto prices stem from "OG" whales exiting and speculative capital rotating into commodities.

Long-time holders are selling large amounts of bitcoin and ether due to emerging concerns over quantum computing threats.Speculative money has shifted so aggressively that silver is currently trading with the volatility of a memecoin.Historical data suggests the market needs three to four months to flush leverage, a cycle that began in October.What comes next: Artificial intelligence and "task-specific agents" are poised to transform Ethereum into a fully autonomous machine economy.

STORY CONTINUES BELOW

The new ERC-8004 protocol enables trustless agentic activity, allowing digital wallets to automatically rebalance and stake assets.The Ethereum Foundation has formalized a dedicated team to position the network as the primary decentralized quantum-resistant infrastructure.Future wallets will act as "digital twins," managing yield and risk tolerances without direct human intervention.Latest developments: SharpLink is pioneering a new model for public companies by deploying treasury assets into institutional-grade DeFi.

The firm deployed $170 million into a restaking strategy utilizing ConsenSys, Linea, EtherFi, and EigenLayer.This strategy marks a public company first by keeping DeFi investments secure within a qualified custodian, Anchorage.SharpLink stakes nearly 100% of its Ether holdings to generate productive yield rather than holding it passively.AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

Dec 22, 2025

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.More For You

Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20

3 hours ago

One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.

What to know:

ARK Invest has filed with U.S. regulators to launch two cryptocurrency ETFs tracking the CoinDesk 20 index.One proposed fund would track the CoinDesk 20, which provides exposure to major tokens, including bitcoin, ether, solana, XRP, and cardano. The other would track the same index, but exclude bitcoin, by pairing long index futures with short bitcoin futures.The funds, which would list on NYSE Arca if approved, aim to offer diversified crypto exposure without direct token custody and follow similar, still-unapproved crypto index ETF proposals from WisdomTree and ProShares.Top Stories

CNBC's MacKenzie Sigalos reports on the trifecta of macro risks putting pressure on the crypto trade this week as bitcoin heads for its fourth straight negative monthly close — a stretch not seen since the 2018 bear market.

Key NotesThe acquisition advances BitMine's goal of controlling 5% of Ethereum's total supply, currently holding 3.52% of all tokens.BitMine maintains $12.8 billion in total crypto holdings including staked ETH generating $374 million in annual staking rewards.BMNR stock trades at $28.63 with $1.2 billion daily volume despite limited price momentum in early 2026. BitMine Immersion Technologies (NYSE AMERICAN: BMNR) acquired 40,302 ETH last week, marking its biggest Ethereum ETH $2 920 24h volatility: 3.8% Market cap: $352.42 B Vol. 24h: $31.12 B purchase in 2026 as the company accelerates toward owning 5% of total supply.

The firm now holds 4,243,338 ETH, valued at $12.05 billion, representing 3.52% of Ethereum’s 120.7 million token supply, according to its January 26 announcement, and it’s confirmed by Coingecko data.

BitMine remains the world’s largest corporate Ethereum treasury, a position it has held while executing an aggressive accumulation strategy throughout 2025 and into early 2026.

The company’s total crypto and cash holdings reached $12.8 billion, including 193 Bitcoin BTC $87 913 24h volatility: 1.8% Market cap: $1.76 T Vol. 24h: $53.53 B , $682 million in cash, and $219 million in strategic investments, based on its press release.

🧵
BitMine provided its latest holdings update for January 26th, 2026:

$12.8 billion in total crypto + "moonshots":
– 4,243,338 ETH at $2,839 (@coinbase)
– 193 Bitcoin (BTC)
– $200 mllion stake in Beast Industries @MrBeast
– $19 million stake in Eightco Holdings (NASDAQ: $ORBS)…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) January 26, 2026

Positive Reactions From Davos, and Future Plans In the company’s press release, they add selected nine positive mentions of different global leaders like Donald Trump and the CEO of BlackRock, Larry Fink, about digital assets, showing a positive sentiment around crypto, like Ethereum at the World Economic Forum in Davos, prompted Lee to state, “Ethereum remains the most widely used by Wall Street today and most reliable blockchain with zero downtime since inception”.

This new acquisition follows BitMine shareholders’ January approval to increase authorized shares with 81% support, enabling continued treasury expansion.

Also, the company has staked 2,009,267 ETH, worth $5.7 billion, generating an estimated $374 million in staking fees annually at the 2.81% Composite Ethereum Staking Rate (the average yield across major staking providers). The company plans to launch its Made in America Validator Network (MAVAN) staking infrastructure in Q1 2026 to enhance returns.

BMNR Stock Shows Muted Gains Despite High Trading Volume NYSE American-listed BMNR stock traded at $28.63 on January 26, fluctuating between $27.60 and $28.74 during the session with an average volume of 44 million shares, according to Yahoo! Finance. The stock maintains its position as the 91st most actively traded in the US, averaging $1.2 billion in daily volume over the past five days, despite lacking much upward momentum in 2026.

BitMine’s purchase led, again, the trend of corporate Ethereum accumulation in 2026, with Hong Kong-based Trend Research acquiring 41,500 ETH for approximately $126 million using decentralized borrowing through Aave, rather than traditional equity sales. The BitMine strategy positions it nearly 70% toward its goal of controlling 5% of Ethereum’s supply, as the corporate Ethereum treasury trend accelerates in early 2026.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

After briefly dipping to $86,000 on Sunday, bitcoin rallied to an intraday high of $88,750 by Jan. 26, 10:15 a.m. EST. The recovery helped lift the total crypto market capitalization from a low of $2.96 trillion back above the $3.05 trillion threshold. Strategy Treasury Expansion Stabilizes Sentiment? On the afternoon of Jan.

Key points:

Bitcoin is attempting a recovery, but higher levels are likely to attract solid selling by the bears.

Several major altcoins are at risk of breaking below their support levels.

Bitcoin (BTC) bounced off the $86,000 level, but the bulls are struggling to sustain the higher levels. That shows selling on rallies.

Although analysts are divided about the near-term prospects of BTC, Binance co-founder Changpeng Zhao said in an interview with CNBC that BTC could witness a super cycle in the next 12 months.

In contrast, Bloomberg Intelligence strategist Mike McGlone said in an interview with Cointelegraph that BTC has put in a long-term top. He added that he doesn't know where the bottom is but said “it is going to be like a low-price cure.”

Crypto market data daily view. Source: TradingViewHowever, several institutional investors have a different opinion as they believe that BTC is undervalued between $85,000 and $95,000. Coinbase said in its Charting Crypto Q1 2026 report that 80% of the surveyed institutional investors plan to either hold or add to their crypto positions on another 10% fall.

Could BTC and the major altcoins hold on to their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out. 

S&P 500 Index price predictionThe S&P 500 Index (SPX) rebounded sharply off the 50-day simple moving average (6,840) on Tuesday, indicating buying on dips.

SPX daily chart. Source: Cointelegraph/TradingViewThe 20-day exponential moving average (6,904) is flattening out, and the relative strength index (RSI) is just above the midpoint, indicating that the bullish momentum is weakening. Buyers will have to push the price above the 7,000 level to start the next leg of the uptrend toward 7,290.

Sellers are likely to have other plans. They will attempt to pull the price below the 50-day SMA, starting a deeper correction toward 6,720.

US Dollar Index price predictionThe US Dollar Index (DXY) slipped below the moving averages on Tuesday and the 97.74 support on Friday.

DXY daily chart. Source: Cointelegraph/TradingViewSellers will attempt to yank the price to the solid support at 96.21, which is a critical level to watch out for. If the support gives way, the index may resume the downtrend toward the 94.62 level.

Buyers have an uphill task ahead of them. They will have to thrust the price above the moving averages to keep the index range-bound between 96.21 and 100.54 for a while longer.

Bitcoin price predictionBTC turned down from the 20-day EMA ($90,521) on Friday and plunged below the uptrend line on Sunday.

BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA has started to turn down, and the RSI is in the negative zone, signaling advantage to bears. Any recovery attempt is expected to face selling at the moving averages. If the price turns down from the moving averages, the BTC/USDT pair may plunge to $84,000 and then to $80,600.

This negative view will be invalidated in the near term if the Bitcoin price turns up and breaks above the moving averages. The pair may surge to the $97,924 overhead resistance.

Ether price predictionEther’s (ETH) symmetrical triangle pattern resolved to the downside with a break below the support line on Sunday.

ETH/USDT daily chart. Source: Cointelegraph/TradingViewBuyers will attempt to push the Ether price back into the triangle, but are expected to face significant resistance from the bears. If the price turns down sharply from the moving averages, the likelihood of a drop to $2,623 increases.

The bulls will have to quickly push the price back above the moving averages to suggest that the break below the triangle may have been a bear trap. The ETH/USDT pair may surge to the resistance line of the triangle.

XRP price predictionXRP (XRP) has been gradually falling inside the descending channel pattern, signaling that the bears remain in control.

XRP/USDT daily chart. Source: Cointelegraph/TradingViewThere is support at $1.81, but the relief rally is likely to face selling at the 20-day EMA ($1.97). If the price turns down sharply from the 20-day EMA, the XRP/USDT pair may tumble to the solid support at $1.61.

On the contrary, if the XRP price breaks above the moving averages, the recovery may reach the downtrend line. A close above the downtrend line suggests a potential trend change in the near term.

BNB price predictionBNB (BNB) closed below the 50-day SMA ($883) on Sunday, indicating that the bulls are losing their grip.

BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe rebound off the uptrend line is expected to face selling at the 20-day EMA ($896). If the BNB price turns down from the 20-day EMA, it increases the possibility of a drop to the $790 support. Buyers will have to defend the $790 level with all their might, as a close below it could resume the downtrend.

The first sign of strength will be a close above the moving averages. The BNB/USDT pair may then ascend to the $959 overhead resistance.

Solana price predictionSolana (SOL) bounced off the $117 support on Monday, indicating that the bulls are defending the level.

SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe relief rally is expected to face selling at the 20-day EMA ($131). If the price turns down sharply from the 20-day EMA, the risk of a break below the $117 level increases. The SOL/USDT pair may then plunge toward the solid support at $95.

Contrary to this assumption, if the Solana price turns up and breaks above the moving averages, it signals that the pair may continue to oscillate inside the $117 to $147 range for some more time.

Dogecoin price predictionBuyers are attempting to maintain Dogecoin (DOGE) above the $0.12 level, but the bears continue to exert pressure.

DOGE/USDT daily chart. Source: Cointelegraph/TradingViewIf the $0.12 support gives way, the DOGE/USDT pair may start the next leg of the downward move to the Oct. 10, 2025, low of $0.10.

If the price rebounds off the current level, the bears will attempt to halt the recovery at the moving averages. If that happens, the possibility of a break below the $0.12 level increases. Buyers will have to drive the Dogecoin price above the moving averages to retain the pair inside the $0.12 to $0.16 range.

Cardano price predictionCardano (ADA) has turned up from the $0.33 support, which is a critical near-term level to watch out for.

ADA/USDT daily chart. Source: Cointelegraph/TradingViewBuyers will have to swiftly propel the Cardano price above the downtrend line to signal strength. The ADA/USDT pair may then climb to the breakdown level of $0.50, which is expected to pose a strong challenge to the bulls.

Sellers will strive to halt the recovery at the downtrend line. If the price turns down from the overhead resistance, the bears will again attempt to tug the pair below $0.33. If they succeed, the next stop is likely to be the support line of the descending channel pattern, which is close to the Oct. 10, 2025, low of $0.27.

Bitcoin Cash price predictionBitcoin Cash (BCH) turned down sharply from the 20-day EMA ($596) on Sunday, but a minor positive is that the bulls held the $563 level.

BCH/USDT daily chart. Source: Cointelegraph/TradingViewThe downsloping 20-day EMA and the RSI in the negative territory suggest that the bears will again attempt to sink the Bitcoin Cash price below the $563 support. If they manage to do that, the BCH/USDT pair will complete a bearish head-and-shoulders pattern. The pair may then plunge to $518.

Contrarily, if buyers drive the price above the moving averages, the pair could rally to $631. Sellers are expected to fiercely defend the zone between $631 and $670.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

3 mins mins

Key Points:

A step forward in institutional blockchain adoptionVanEck waives fees for initial $500 million in assetsPotential impacts on AVAX’s liquidity and price volatility VanEck launches the VanEck Avalanche ETF, VAVX, on Nasdaq today, marking the first U.S.-listed spot ETF providing exposure to AVAX with potential staking rewards.

The introduction of VAVX signifies a step towards wider institutional blockchain adoption, influenced by VanEck’s fee waiver on initial $500 million in assets under management.

VanEck’s Introduction of VAVX VanEck has introduced VAVX to provide investors with spot exposure to AVAX, holding and staking a portion of AVAX for potential rewards. Kyle DaCruz of VanEck emphasized Avalanche’s role in bridging traditional finance with blockchain innovation. The ETF structure allows investors access to staking rewards after deducting necessary fees, potentially widening AVAX’s appeal among mainstream investors. Market observers noted that VanEck’s decision to waive fees on the first $500 million in assets could boost initial inflows. Nasdaq’s listing without regulatory remarks underscores the asset’s rapid institutional acceptance, yet official comments from Avalanche leadership remain absent. Kyle DaCruz remarked on Avalanche’s architecture, stressing its potential for driving blockchain adoption.

The Coincu research team suggests VAVX’s introduction could also affect AVAX’s liquidity and price volatility amid heightened market interest. Historical trends from VanEck’s previous ETF launches indicate possible upticks in trading and investment, although broader regulatory and technological developments in blockchain will also play vital roles in shaping outcomes.

“Avalanche’s architecture is uniquely positioned to bridge the gap between traditional finance and the on-chain economy, focusing on verifiable, real-world utility.” – Kyle DaCruz, Director, Digital Assets Product, VanEck Avalanche’s Market Dynamics and Potential Impact of VAVX ETF Did you know? Avalanche launched in 2020, has since become a competitor to Ethereum, focusing on verifiable utility. VanEck’s choice to spotlight it reflects its growing recognition in the institutional finance space.

CoinMarketCap reports Avalanche’s current price as $11.70 with a market cap of $5.05 billion, representing a 0.17% market dominance. Recent trading volumes reached $347.41 million, increasing by 71.88%. The circulating supply is at 431.28 million out of a max supply of 715.75 million, noted as of January 26, 2026.

Avalanche(AVAX), daily chart, screenshot on CoinMarketCap at 18:08 UTC on January 26, 2026. Source: CoinMarketCap The Coincu research team suggests VAVX’s introduction could also affect AVAX’s liquidity and price volatility amid heightened market interest. Historical trends from VanEck’s previous ETF launches indicate possible upticks in trading and investment, although broader regulatory and technological developments in blockchain will also play vital roles in shaping outcomes.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) remain above a key weekly support zones, reinforcing confidence that the broader long-term uptrend remains intact.

Bitcoin’s Resilience Signals Long-Term ConfidenceCrypto trader Jelle noted that despite weakness on lower timeframes and the daily chart, Bitcoin is still holding critical weekly support, preserving its long-term bullish structure.

Short-term price action may look shaky, but the higher-timeframe trend has not broken.

Macro conditions are also turning supportive. Quantitative tightening has ended and rates are moving lower, an environment that has historically favoured risk assets, particularly Bitcoin.

Jelle added that extended periods of weakness have been a recurring theme this cycle, often flushing out weak hands before the next leg higher. The current pullback fits that pattern rather than signalling a structural breakdown.

Are We Witnessing A Bullish Divergence?Jelle shared that he already took substantial profits earlier in the bull run and now holds a smaller BTC "moonbag," roughly 15% of his original position.

Given the current setup, he sees no reason to sell further and is content waiting for the next move.

He also maintains a sizable Ethereum position, noting ETH's relative strength during BTC's consolidation. The expectation is for ETH to outperform once Bitcoin regains momentum, with profits taken gradually.

However, a sustained move below $2,500 would trigger a reassessment.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

BlackRock is looking to add to its range of bitcoin investment products with a new iShares Bitcoin Premium Income ETF, designed to provide direct bitcoin spot exposure while also generating yield, according to a Securities and Exchange Commission filing on Friday. 

Like BlackRock’s existing IBIT Bitcoin ETF, the new fund would track the price of bitcoin primarily by holding actual bitcoin. However, it will also generate income through an actively managed “covered-call” strategy.

To generate yield, the fund’s investment advisor will actively sell call options, primarily on IBIT shares, though sometimes on other Bitcoin-tracking ETP indices, capturing those option premiums as income.

The fund, which does not yet have a ticker, would add to the growing list of covered call crypto investment products, which essentially trade potential upside by agreeing to sell options at a fixed price for monthly income generation. 

It would also, in some sense, provide a yield mechanism for Bitcoin ETFs not unlike ETH or SOL funds, which instead generate income through staking. 

BlackRock’s Nasdaq-listed iShares Bitcoin ETF is the largest spot bitcoin fund, with about $69.75 billion in assets under management. IBIT and the fund’s other major crypto ETF, tracking Ethereum, are among the fastest-growing funds on record. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

PEPE gains 3.30% as buyers step in, hovering near support. Potential breakout looms if price breaks above $0.0000100.

Newton Gitonga2 min read

26 January 2026, 06:31 PM

PEPE price shows a clear bullish recovery, rebounding from an intraday low near $0.0000046 to around $0.00000493, reflecting a steady sequence of higher lows and higher highs. This move represents an approximate 3.30% gain, signaling improving short-term momentum as buyers regained control after the early dip. Overall, the price action suggests mild bullish strength with sustained demand keeping PEPE above its recent support zone.

PEPE Price Signals Potential Breakout as Descending Channel Nears ResolutionPEPE is trading inside a well-defined descending channel on the 3-day chart, a structure that has guided price lower since the previous cycle high. The chart shows PEPE consistently respecting the upper and lower channel boundaries, with price currently hovering near the lower support zone around $0.0000070–$0.0000075, an area that has historically attracted strong demand. Volume has compressed during this decline, suggesting selling pressure is weakening rather than accelerating.

From a PEPE Whale perspective, this setup favors a bullish outcome if price breaks and holds above the channel resistance near $0.0000090–$0.0000100. A confirmed breakout could trigger a momentum shift, opening upside targets toward $0.0000135 and $0.0000170 in the medium term. Until that breakout occurs, PEPE remains in accumulation territory, with smart money closely watching for a volume expansion and a decisive move above the descending trendline.

PEPE Price Consolidates as Bearish Momentum Gradually ReassertsOn the 1-day PEPE/USD chart, price action reflects a prevailing bearish trend that has shifted into short-term consolidation near $0.0000049. PEPE initially experienced a sharp sell-off, followed by a series of lower highs and lower lows, confirming sustained downside pressure. A strong bullish impulse later pushed the price toward the $0.0000070 area, but the rally failed to hold, resulting in a pullback. Since then, price has stabilized below the $0.0000050 level, moving within a narrow range and suggesting that bearish control remains intact while selling momentum has moderated.

The MACD has rolled over after its bullish crossover, with the MACD line now below the signal line and histogram bars turning red, indicating weakening upward momentum and increasing downside pressure. Meanwhile, the RSI is hovering in the low-to-mid 40s, which suggests bearish control without being oversold.

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Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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PEPE

Coin Bureau links the overnight slump in BTC & blue-chips to auto-systems reacting to a the Japanese Yen’s sharp move.

Market Sentiment:

Bullish Bearish Neutral

Published: January 26, 2026 │ 6:25 PM GMT

Created by Gabor Kovacs from DailyCoin

An analyst from Coin Bureau Trading argues the latest crypto sell-off has less to do with long-term fundamentals and more with algorithms reacting to a sharp move in the Japanese yen, setting up what he sees as a near-term bounce and possible short squeeze.

In a new market breakdown, Dan from Coin Bureau doubtlessly links the overnight slump in Bitcoin and major altcoins to a surge in the yen when Asian markets opened, after US officials reportedly signaled potential intervention to support Japan’s currency.

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With an estimated “60% to 80%” of crypto volume driven by automated systems, he says those algorithms “basically started selling crypto automatically, assuming that there would be an imminent yen carry trade unwind.”

Yen Jolts, Exposing CME Gaps & Ethereum’s “Bottoming Process”The host stresses that current yen carry trade risks are “not the same” as in summer 2024, when highly leveraged positions were caught offside. Citing macro analysts such as Han Manon of Prometheus, he notes that large institutions were “really burned” then and have since dialed back leverage, making a cascading unwind less likely.

He frames the latest downside as algorithmic “overreaction” that has created upside gaps on CME futures across major coins.

For Bitcoin, he highlights a gap around $89,340 on CME, and for Ethereum around $2,942. Based on his technical work, he expects Bitcoin and Ether to trade back up to these levels “in the next couple of days” to close the gaps, with a possible “small pullback and then a continuation higher.”

This fits into what he calls a “very big bottoming process” that has been in place since November of last year. In his view, large holders have been accumulating throughout the current range in Bitcoin, Ethereum and “many large cryptos” contrary to the prevailing narrative that recent breakdowns confirm a failed bull move.

Regulatory Woes Amid Fed’s Tough Choice & Precious Metals FrothOn the near-term calendar, Dan points to a Senate Agriculture Committee discussion on the Clarity Act scheduled for tomorrow as a potential positive catalyst for digital assets.

The expert characterizes sentiment around the bill as “optimistic” even as related activity in other committees has seen delays. That event could, in his view, help spark the initial bounce from current levels.

Dan then flags the upcoming Federal Reserve meeting on Wednesday as a likely source of “volatility” rather than a major policy surprise, with algorithms and short-term traders positioned to react aggressively to any nuance in the Fed’s language.

With “everyone… very, very short here” after key supports broke, he argues that a modest rally combined with any regulatory upside surprise could trigger a “pretty decent… short squeeze.”

The analyst also revisits his recent targets for gold and silver, which he placed around $5,100–$5,200 for gold and $110 for silver.

On lower time frames, he notes gold has already tagged roughly $5,100, while silver reached about $109.5, leading him to believe both metals are near a “local top” after a speculation-driven run since last summer for gold and the fall for silver. He stresses he is not a dedicated precious metals trader and advises viewers to treat that view cautiously.

For cryptocurrency aficionados, the key takeaway is that the latest drawdown may owe more to mechanical selling and macro headline sensitivity than to a fundamental breakdown in demand.

If CME gaps are filled and regulatory developments break favorably while positioning remains heavily short, the stage could be set for a grinding recovery rather than an immediate slide into a deeper bear market.

Discover DailyCoin’s hottest crypto news now:
Tezos Activates Tallinn Upgrade, Slashing Block Time to 6 Seconds
Ripple’s Lobbying To Get XRP Into a US “Bitcoin Reserve” Basket

People Also Ask:Why did crypto drop when the Japanese yen strengthened?

According to the analyst, most crypto volume is algorithmic, and many systems sold on yen strength due to fears of another carry trade unwind, amplifying the move.

What price levels is he watching for Bitcoin and Ethereum?

The Coin Bureau specialist highlights a CME gap near $89,340 for Bitcoin and around $2,942 for Ethereum as likely short-term magnet levels.

What events could move the market next?

He points to the Senate Agriculture Committee’s Clarity Act discussion & the upcoming Federal Reserve meeting as near-term volatility drivers.

Is he bearish on gold and silver now?

He believes they are near a local top after reaching his upside targets, but is unsure if this marks a full cycle peak in precious metals.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

100% Bullish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Bitcoin holders face pressure, fatigue, and doubt as the crypto winter has intensified since November.

Crypto markets opened the week under pressure. Bitcoin (BTC), for one, briefly dipped toward $86,000 as risk-off sentiment weighed across the sector.

The asset later clawed back some losses and traded around $87,800. However, market experts believe that BTC remains bearish and lower levels are still ahead.

Bitcoin’s Harsh Reality Check Popular crypto analyst Mr. Wall Street said the market is not in a bull phase and that optimism about a rebound is premature. In the latest update, he explained that the plunge to a level not seen since mid-December 2025 did not mark a durable bottom. He framed current conditions as part of a “huge bear market.”

Mr Wall Street added that further downside remains ahead, while pointing to “much lower targets” as the next stage for the leading crypto asset rather than a quick recovery.

Another analyst, Axel Adler Jr., echoed a similar sentiment amid market strain. He said these are not easy times for holders, and described an environment shaped by “pressure, fatigue, doubt.” More interestingly, Adler argued that the crypto winter began in November and is not only ongoing but “intensifying.” Adler went on to add,

“It is precisely during such periods that the gap forms between those who will survive the cycle and those who will forever remain in the crowd at the highs. Winter cleanses the market. It shakes out speculators, breaks illusions, and leaves only discipline. And therein lies its value.”

Traders Turn Defensive One major trigger for the downtrend was renewed tension in currency markets, after the New York Fed’s USD/JPY “rate check” hinted at sensitivity to a weaker yen, with 160 seen as an implicit warning level. Even though USD/JPY is still near two-month highs around 154, QCP Capital said positioning has become increasingly defensive as investors unwind short-yen trades to avoid being caught by possible intervention.

The asset manager also said US political risk remains a major overhang as uncertainty builds around fiscal negotiations. House Republicans have moved forward with spending bills, while Senate Democrats have signaled they may block them. With government funding set to expire on January 30, QCP warned that failure to reach a bipartisan deal could trigger a partial shutdown.

You may also like: Ripple (XRP) and Cardano (ADA) Show Deeper Undervaluation Than Bitcoin (BTC) Bitcoin Dumped Below $88K: Here Are the 2 Warning Signs Traders Missed Bitcoin Price Suddenly Plunges Below $88K as Hourly Liquidations Explode Meanwhile, Polymarket is pricing roughly a three-quarters chance of a shutdown by January 31. In crypto, QCP said put skew and implied volatility have risen, and prices may “chop around” in the near term as volatility stays high and markets await clarity.

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Bitcoin’s mining hashrate dipped as an Arctic blast strained parts of the U.S. power grid. The update framed the move as a weather-driven operational constraint for miners.

UPDATE: #Bitcoin hashrate on FoundryUSA is down by nearly 200 EH/s, or 60%, since Friday amid continued curtailment. Temporary block production slows down to 12 minutes 🫥🫥 https://t.co/e51LyWoxjs pic.twitter.com/uIrCD5JudD

— TheMinerMag (@TheMinerMag_) January 25, 2026

The squeeze is most acute for facilities facing higher load, tighter curtailment rules, or volatile power pricing, which can force temporary drawdowns in compute. For network observers, the read-through is straightforward: extreme weather can quickly translate into less mining capacity online, even when underlying demand for block space is unchanged.

Market participants will be watching for the next data prints and any follow-on commentary from miners as temperatures normalize and grid conditions ease. A sustained rebound in hashrate would signal operations are back to baseline, while continued softness would suggest ongoing constraints.

Source: TheMinerMag.

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

Ethereum (CRYPTO: ETH) active addresses hit an all-time high of 718,000 on the 7-day moving average as ETH consolidates, creating a bullish divergence that historically signals price gains are coming.

Record Network Activity vs. Flat PriceEthereum’s 7-day simple moving average of active addresses surged to 718,000—a new all-time high that shows massive user demand and network interaction.

The divergence is striking: network activity is exploding while price consolidates. 

ETH is up 3% today, but hasn’t broken out of its range despite record participation.

Historically, this kind of divergence acts as a leading indicator for bullish price moves. Network growth tends to precede price appreciation as fundamental utility strengthens.

The surge suggests Layer-2 adoption, renewed DeFi activity, or fresh retail interest is driving usage. The network is vibrant—the market just hasn’t repriced ETH to reflect it yet.

Bloomberg’s Mike McGlone Sees Downside RiskBloomberg commodity strategist Mike McGlone posted: “Ether appears to be heading toward the lower end of its $2,000-$4,000 range since 2023. 

I see greater risks of it staying below $2,000 than above $4,000, especially when stock market volatility rebounds,” he added.

That bearish view contrasts sharply with the on-chain data showing record network activity.

Technical Setup: Symmetrical Triangle At Apex

ETH is consolidating in a symmetrical triangle pattern since dropping from $4,600 in November 2025. 

The converging trendlines from the highs and December/January lows suggest an imminent breakout within the next 2-4 weeks.

The 200 EMA at $3,308 aligns precisely with current price, acting as a critical inflection point. 

Price trading above the 200 EMA after an extended period below typically signals medium-term bullish momentum.

The 20 EMA at $3,051 and 50 EMA at $3,105 have crossed bullish and provide dynamic support. The 100 EMA at $3,239 is immediate resistance.

The Supertrend indicator at $3,250 flipped bullish, confirming the short-term momentum shift.

Moreover, current netflow shows -$170.42 million, with persistent outflows since mid-2025 indicating exchange withdrawals.

Key Levels To Watch Resistance: $3,400-$3,450 is the psychological level and previous consolidation zone. Breaking $3,450 with volume targets $3,800. The $4,400-$4,600 zone represents 2025 highs and strong resistance. Support: $3,200-$3,240 is the 100 EMA and rising trendline confluence—the critical hold zone. $3,000-$3,050 clusters the 20/50 EMAs. $2,800-$2,850 is triangle support and the invalidation level. Image: Shutterstock

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