Garrett Jin, identified as the agent for the so-called “1011 insider whale,” posted on X arguing that tokenizing U.S. equities as real-world assets (RWA) will be a primary mechanism for addressing America’s rising debt and refinancing needs amid de-dollarization. Jin contends extending debt cycles is impractical and that issuing more stablecoins backed by tokenized U.S. stocks—estimated at roughly $68 trillion in market value—would drive large-scale stablecoin demand and channel global capital into U.S. Treasuries. He cites BlackRock’s active push for RWA and on-chain stock trading as evidence of this trend. Rumored 2025 “sea island” debt-relief accords never materialized; instead, foreign holders (Sweden, Denmark, India) continue reducing U.S. Treasury exposure. Jin predicts Ethereum (ETH) will become the global capital markets’ settlement layer to support tokenized equities and expects 2026 to emerge as the pivotal “RWA year.” The piece frames these views as market opinion and not investment advice.
Ethereum processed a record 2.88 million transactions in one day while average transaction fees remained unusually low. This divergence reflects Ethereum’s architectural shift: the base layer is increasingly acting as a neutral settlement and coordination layer while most execution migrates to Layer-2 (L2) solutions. For institutions, a narrower base layer improves predictability, neutrality and security—attributes valued more than transient fee dynamics. Staking has also hit new highs, with over 36 million ETH (~30% of supply, ≈$120 billion) staked, driven largely by exchanges, professional validators and liquid staking services; exit queues are minimal while entry queues remain long. However, some recent transaction growth may be inflated by address-poisoning, stablecoin-related spam and phishing, meaning high throughput doesn’t necessarily equal meaningful economic activity. Traders should note that low fees plus high throughput signal improving operational maturity and clearer risk distribution across layers, which may ease institutional integration. Key takeaways for traders: (1) ETH staking growth reduces circulating supply and signals stronger protocol confidence; (2) Layer-2 scaling may lower on-chain fee sensitivity, reducing volatility tied to congestion; (3) monitor transaction composition to distinguish genuine demand from spam; (4) institutional adoption prospects hinge on predictable protocol governance and layered risk allocation.
Solana (SOL) traded at $126.61 on Jan 25 as intraday bearish pressure nudged the token lower by 0.54% versus the prior day. Hourly charts suggest local support around $125.98; a daily close away from that level could prompt a retest of resistance. On the larger time frame, SOL is approaching a nearby support at $124.67 — a confirmed breakout below that level may trigger a deeper decline toward the $120–$122 zone. Mid-term technicals show no clear reversal signals. Key points: SOL near-term support $125.98, larger-frame support $124.67, downside target $120–$122 if breakout occurs, current price $126.61, recent change -0.54%.
Nifty Gateway, the NFT marketplace owned by crypto exchange Gemini, will shut down its marketplace and move to withdrawal‑only mode. The closure follows Gemini’s broader restructuring and prior wind‑down of several consumer services. Users have a limited window to withdraw NFTs, ETH and fiat balances (via linked Gemini accounts or Stripe); the platform has sent notices with timelines and instructions. Nifty Gateway previously rebranded as Nifty Gateway Studio and shifted toward on‑chain creative projects and brand partnerships before this decision. The shutdown halts new listings and secondary trading on the platform and will affect creators, collectors and liquidity for collections hosted there. Traders should expect potential short‑term selling pressure and withdrawal flows of NFTs and stablecoins tied to the marketplace, reduced liquidity for affected collections, and continued consolidation in the NFT sector. Monitor official Nifty Gateway and Gemini channels for exact deadlines and withdrawal steps to avoid asset loss.
A crypto whale sold its entire PUMP token holding worth $11 million, transferring the tokens to Binance and realizing an estimated profit of about $3.15 million — roughly a 40% gain. OnChainSchool monitoring indicates the whale accumulated these PUMP tokens over the past month by buying across multiple exchanges. The move occurred about four hours prior to the report. No trading advice is offered; the activity was reported as market information.
Protección SA, Colombia’s second-largest private pension fund manager, will offer a new investment product with limited Bitcoin exposure available only to qualified investors after a personalized advisory process. Participation is optional and subject to assessments of income, savings goals and risk tolerance; allocations will be small and intended for long-term portfolio diversification rather than active trading. Protección emphasized that traditional assets (bonds, equities) will remain the core of pension portfolios. The announcement follows similar institutional moves in Colombia and reflects rising institutional interest in crypto across Latin America. Macro notes from Protección cite portfolio adjustments in 2025 amid global tensions, an expected Colombia GDP growth of 2.5–3% in 2026 and inflationary pressures that could affect monetary policy. For traders: the move signals gradual institutional adoption of BTC but is likely to produce limited direct inflows to the market because allocations are voluntary, size-constrained and restricted to eligible clients.
Quidax, a Nigerian crypto exchange that held a provisional licence under the SEC’s Accelerated Regulatory Incubation Program (ARIP), has paused its peer-to-peer (P2P) marketplace five months after launch, citing user preference. The shutdown removes P2P ads, merchant chats and related features, while remaining services — instant swaps and order-book trading — continue to operate. The move comes amid tighter oversight from the Securities and Exchange Commission, which in 2024 and 2025 raised concerns about opaque off-platform settlements, exchange-rate manipulation and foreign P2P operators. Under new rules classifying digital assets as securities, regulators raised minimum capital requirements (N2 billion for platforms; N500 million for Digital Assets Intermediaries) and required tax ID collection for users. Quidax had been implementing stricter merchant vetting (Level 3 KYC, 2FA, minimum activity, badges) to keep P2P within a regulated framework, but discontinuation suggests regulators may favour stricter controls or further restrictions. Licensing progress for exchanges such as Quidax and Busha has slowed as the SEC pauses approvals to reassess readiness. Traders should monitor regulatory updates in Nigeria for potential liquidity shifts in local crypto markets and impacts on P2P-dependent price discovery.
GameStop transferred about $420 million (≈4,710 BTC at purchase) of Bitcoin into Coinbase Prime, according to on-chain trackers and analysts. The company acquired the holdings in May 2025 at an average price near $107,900 per BTC. With BTC trading substantially lower (around $89k–$91k), a full liquidation now would realize a sizeable paper loss. The move to a centralized institutional custodian—observed as staggered earlier tranches and larger transfers this month—prompted speculation that GameStop may be preparing to sell, hedge, rebalance, or pursue tax-loss harvesting; no official sale has been confirmed. For traders, the transfer matters because large corporate treasury flows into Coinbase often precede liquidity events that can increase short-term selling pressure, widen spreads, and elevate volatility on BTC order books. Recommended watch points: Coinbase order-book activity, on-chain outflows from Coinbase, and any GameStop disclosures or 8-K filings that signal execution. Primary keywords: GameStop, Bitcoin, Coinbase, treasury management, on-chain transfers. Secondary/semantic keywords: Coinbase Prime, liquidation, tax-loss harvesting, institutional custody, BTC liquidity.
AAVE plunged about 10% during the week ending 25 January, sliding from the $170–$175 zone into the mid-$150s. Technical indicators showed a measured pullback: RSI was neutral, MACD remained negative but its histogram was flattening, and volume profile suggested buyers were still active. Derivatives metrics remained steady—aggregated open interest hovered near $130 million and funding rates stayed positive, indicating long positions dominated and traders were not rushing to liquidate.
Separately, the Aave protocol is approaching a major milestone of $1 trillion in cumulative loans originated. That figure reflects high liquidity reuse driven by features such as flash loans, multi-chain expansion and efficient borrowing tools, rather than fresh capital inflows. For traders, the combination of a modest price drop, stable derivatives data, and strong protocol usage suggests contained selling pressure and continued interest in exposure to AAVE.
Analyst XForceGlobal posted a weekly TradingView analysis asserting that XRP has broken out of a triangular consolidation that spanned more than six years. He describes the move as a confirmed macro breakout visible on higher timeframes, disputing claims it is a “fakeout.” The analyst uses Elliott Wave framing to interpret trend structure and emphasizes following trend-confirmation rather than fixed bullish or bearish bias. He stressed disciplined risk management: avoid rigid price targets, reassess assumptions frequently, and scale positions. XForceGlobal disclosed he took partial profits (roughly half his position) while continuing to add earlier in the trend. Charts shared include potential wave structures and extension zones presented as navigational tools, not guarantees. The piece is presented as technical-market commentary, not financial advice.
ZBD, a startup building Bitcoin-native payment infrastructure for video games, has raised $40 million in funding to expand its platform. The round was led by Alliancebernstein and included participation from gaming and crypto-focused investors. ZBD aims to provide developers with tools to accept Bitcoin payments, simplify wallet integration, and enable seamless in-game purchases and payouts using BTC and Lightning Network rails. The company positions itself to capitalize on growing interest in cryptocurrency payments within the gaming sector, targeting monetization, cross-border transfers, and faster settlement for creators and players. Key takeaways for traders: $40M funding signals stronger institutional interest in Bitcoin payments infrastructure; closer gaming adoption could increase transactional demand for BTC and Lightning usage; short-term price effects may be limited, but persistent real-world use cases can support long-term Bitcoin utility and on-chain activity. Primary keywords: Bitcoin payments, video games, Bitcoin, Lightning Network, ZBD.
XRP has come under renewed selling pressure in early 2026 as geopolitical tensions and risk-off sentiment weighed on crypto markets. After a sharp run that took XRP from below $1.90 to $2.40 in early January, the token slipped back to prior levels following global political developments — notably remarks by U.S. President Donald Trump about Greenland — which triggered broader risk-asset sell-offs. Analysts outline three scenarios for the near term: a bearish case (30–35% probability) where a sustained break below $1.90 could push XRP under $1.80 and toward $1.70; a bullish recovery where XRP climbs to about $2.30 if $2.05–$2.10 holds as strong support; and the most likely outcome, sideways consolidation (40–45% probability) between roughly $1.85–$2.05 as the market digests recent double-digit moves. Key drivers cited include overall market risk appetite, Bitcoin’s direction, volume at support/resistance zones, and global macro risk events. Traders are advised that sideways action may demand patience, while breakouts or breakdowns will likely follow shifts in broader crypto market sentiment.
CryptoQuant reports that Bitcoin holders have realized net losses totaling about 69,000 BTC since Dec. 23, marking the first 30‑day net-loss period since October 2023. Net realized profits for BTC have fallen from 4.4 million BTC in October 2025 to roughly 2.5 million BTC currently — a level last seen in March 2024 and comparable to early‑stage 2022 bear market readings. Realized profits began declining from their January 2024 peak, with successive lower peaks in December 2024, July 2025 and October 2025. Over the past 30 days, demand indicators — including ETF and spot flows — show contraction and no meaningful uptick. Analysts say on‑chain metrics and profit dynamics align with early bear market conditions, suggesting diminished price momentum and higher likelihood of continued downside pressure for BTC. Key metrics: ~69,000 BTC in realized losses since Dec 23; net realized profits down to ~2.5M BTC from 4.4M BTC in Oct 2025. Primary keywords: Bitcoin, realized losses, CryptoQuant, net realized profits, bear market.
The White House posted on its official X account that, under former President Trump’s policies, the United States is now the world’s crypto capital. CFTC Chair‑designate Mike Selig responded, endorsing the claim and saying there is no better place for crypto startups. He added that the Commodity Futures Trading Commission will pursue modernization of its rules and regulations to support cryptocurrency and on‑chain finance, aiming to ensure those innovations are “Made in the USA.” The announcement signals coordinated federal-level messaging and an intent to update regulatory frameworks to accommodate crypto markets.
Blockchain is transitioning from speculative hype to measurable real-world applications across finance, supply chain, healthcare, digital identity, real estate and niche sectors like provably fair gambling. In finance, banks and payment providers use blockchain and smart contracts for faster cross-border payments, reduced intermediaries, and growing experimentation with tokenized assets to improve liquidity and settlement. Supply-chain implementations record product journeys on immutable ledgers to verify authenticity, track inventory and fight counterfeiting—benefiting food safety and luxury goods. Healthcare pilots focus on secure patient data sharing, drug supply monitoring and tamper-proof clinical-trial records. Digital identity solutions let users control personal data and lower breach risk; governments and corporations are trialing blockchain IDs. Real estate tokenization enables fractional ownership and faster, cheaper transactions. Provably fair gambling provides verifiable randomness and transparency for players. Overall, enterprise and consumer blockchain deployments are shifting expectations from promise to tangible efficiency, security and trust gains, suggesting broader adoption and increased utility beyond cryptocurrencies.
Check Point Research reported that North Korean APT group KONNI deployed AI-assisted, PowerShell-based backdoors in a targeted campaign against blockchain and cryptocurrency developers in Japan, Australia and India. Attackers delivered malicious ZIP archives via Discord links; each ZIP contained a PDF lure, a Windows LNK shortcut and staged payloads. The shortcut launched an embedded PowerShell loader that unpacked a DOCX and CAB archive containing a PowerShell backdoor, batch files and a UAC-bypass executable. The chain created a staging directory, scheduled an hourly task that mimicked OneDrive, decrypted an XOR-encoded PowerShell script and executed it in memory, then removed traces. The backdoor used arithmetic string encoding, runtime reconstruction and Invoke-Expression to run commands and periodically contacted attacker-controlled C2 servers every ~13 minutes using a fixed UUID for persistence. Analysts noted signs of large language model (LLM) assistance in the codebase—clear English documentation, modular structure and instructional placeholders—suggesting AI helped develop the malware. KONNI, active since at least 2014 and previously focused on Korean diplomatic and government targets, has expanded operations to the cryptocurrency sector by targeting developers who control code, APIs, infrastructure and wallets. Check Point published indicators of compromise and recommended mitigations. For crypto traders: this campaign raises operational risks including credential theft, API-key compromise, persistent remote access and potential sabotage of code or infrastructure. Traders should harden developer workstations, rotate and protect keys, restrict developer network access, enable multi-factor authentication, monitor for suspicious outbound connections and apply the provided IOCs to defensive tooling.
Privacy-focused protocol Zama announced that its public sale auction contract has entered the settlement phase. Bids placed via CoinList and other sales platforms will be included in the on-chain auction contract. In the coming days participants will be able to view final allocation results on Zama’s official platform. Claims for allocated tokens are scheduled to open on February 2. During the public sale, 7,651 investors submitted 17,446 bids, raising over $121 million. The announcement aims to finalize distribution and enable token claim processes for purchasers.
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Zamatoken auctionCoinListtoken distributionpublic sale
A viral AI-generated image posted on the White House X account — showing former President Donald Trump with a penguin and captioned “Embrace the penguin” — triggered a rapid, retail-driven rally in the Solana-based meme token PENGUIN. Within 24 hours PENGUIN jumped roughly 564% (price to about $0.13), with reported one-day trading volume near $244 million (SolanaFloor) and market-cap estimates peaking in the low hundreds of millions (DEXScreener). Before the event the token’s market cap was around $387,000. The post was echoed on a Department of Defense rapid-response page, amplifying social attention, though no official link to cryptocurrency was indicated. Industry commentators framed the move as evidence that on-chain retail meme trading remains active: Pump.fun’s Alon Cohen said it shows on-chain trading “was never dead,” while Vincent Liu of Kronos Research noted meme coins often lead when risk appetite returns. The episode concentrated activity on Solana decentralized exchanges and AMM liquidity pools and underscored the extreme short-term volatility of low-liquidity memecoins — producing large, short-lived price moves without protocol changes or fundamentals. For traders: monitor on-chain liquidity, DEX volume and concentration of holders; expect continued high intraday volatility and the risk of rapid reversals. (Not investment advice.)
Prediction market Polymarket currently prices a 58% probability that former U.S. President Donald Trump would deport 750,000 or more people in 2025. The market has seen substantial volume — reported figures range from roughly $409K to about $730.7K — and leans toward the deportation outcome. Payout examples at current odds: a $1,000 bet supporting deportation would return about $1,724; a $1,000 bet opposing it would return about $2,381. Traders cite Trump’s deportation record and recent political rhetoric as drivers of sentiment; the market reflects trader expectations and political risk rather than any policy certainty. For crypto traders, this market is a proxy for elevated political event risk ahead of the 2024 U.S. election and may increase short-term risk aversion or volatility in risk-sensitive assets.
A crypto researcher (SMQKE) resurfaced documents asserting that the Depository Trust & Clearing Corporation (DTCC) partnered with enterprise DLT firm R3, and that R3’s Corda-related materials reference XRP as a supported digital asset in settlement contexts. The researcher shared screenshots and excerpts indicating XRP appears in R3 settlement frameworks — notably in discussions of cross-border payments, payment obligations, and interoperability — and said the linkage is documented multiple times. The posts do not claim DTCC currently uses XRP in live production; rather, they show XRP’s documented presence within R3-related initiatives and historical materials tied to organizations that have engaged R3. Implication for traders: the resurfaced documentation may reinforce institutional relevance narratives for XRP but stops short of proving operational deployment by DTCC. Primary keywords: DTCC, R3, XRP, Corda, settlement. Secondary/semantic keywords: distributed ledger technology, cross-border payments, institutional infrastructure, post-trade settlement.
Mutuum Finance (MUTM), a new decentralized lending protocol currently in presale, is advancing toward a Sepolia V1 testnet in Q1 2026 and has drawn analyst attention for its potential to reprice materially on adoption. Presale started at $0.01 in early 2025 and reached $0.04 in Phase 7, raising $19.9M with ~18,900 holders; about 45.5% of supply is allocated to presale. The protocol offers two markets: pooled (P2C) lending that issues mtTokens (indexing principal + APY) and peer-to-peer (P2P) lending with LTV and liquidation logic (typical LTVs ~50–65%). Mutuum completed a Halborn audit and holds a 90/100 CertiK token scan rating. Analysts model a near-term V1-driven price range of roughly $0.10–$0.15 from the $0.04 presale price and present longer-term bullish scenarios ($0.25–$0.32) if an overcollateralized stablecoin, Layer-2 expansion and sustained borrowing volume materialize. On-chain mechanics that may support token demand include mtToken staking, a revenue-backed MUTM buyback-and-distribute model (funded by borrowing fees), and a daily participation reward. Reported whale buying late in presale phases suggests supply tightening ahead of V1. Trader takeaways: primary short-term catalysts are V1 launch timing, audit/testnet results and early borrowing volume; monitor presale token flow and oracle reliability (critical for liquidations). Key risks are presale-stage price volatility, execution gaps between testnet and mainnet, and dependence on oracle feeds for liquidations.
U.S. spot Bitcoin (BTC) ETFs recorded a net outflow of $1.33 billion during the shortened four-day trading week, marking the largest weekly withdrawals since February 2025. The heaviest single-day redemptions occurred on Wednesday ($709m) and Tuesday ($483m). BlackRock’s spot BTC ETF led the outflows, contributing the largest share of withdrawals, though U.S. spot Bitcoin ETFs still show substantial cumulative inflows since their January 2024 launch. Ethereum (ETH) spot ETFs mirrored the sell-off with a $611 million weekly outflow (notable withdrawals of $298m on Wednesday and $230m on Tuesday); ETH ETF assets remain near $17.7 billion with meaningful cumulative inflows since mid-2024. By contrast, Solana (SOL) ETFs continued to attract inflows—roughly $9.6 million for the week—extending a pattern of relative strength, while XRP funds saw mixed flows across reports (session inflows in one update, a larger weekly outflow in another). On-chain indicators point to increased Bitcoin selling, consistent with risk-off positioning. Traders should expect heightened short-term volatility in BTC and ETH, potential downside pressure on spot prices from ETF redemptions, and relative-strength opportunities in Solana-linked instruments. New ETF filings (including proposals for crypto-basket products) and political uncertainty around U.S. crypto market structure were also cited as background factors that may prolong market volatility.
RUNE (RUNE/USDT) is consolidating around $0.586, trading in a tight $0.57–$0.59 range with low volume ($4.42M) and a short-term sideways to mildly bearish bias. Key intraday levels: critical support at $0.5707 (breach risks accelerating to $0.54) and resistances at $0.5901, $0.5970 and $0.6311; Supertrend and EMA20 (~$0.59) remain bearish. Momentum indicators are mixed — RSI near oversold (~34) and a positive MACD histogram suggest bounce potential, but confirmation requires volume-driven breakouts. Correlation with BTC is strong; a BTC drop below $88.5K raises downside risk for RUNE (expected ~80% correlation). Short-term scenarios: upside targets near $0.6135 if $0.5970 breaks with volume (probability ~35–40%); downside target $0.54 if $0.5707 fails (probability >45%). Recommended approach for traders: tight risk management, small position sizing (1–2% risk), quick stops, and watch volume and BTC moves for trade triggers. Analysis timeframe: 24–48 hours. Not investment advice.
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RUNEtechnical analysisintradaysupport and resistanceBTC correlation
JTO (JTO/USDT) is trading around $0.34 with a narrow intraday consolidation between $0.33–$0.34 and 24h volume near $11M. Key intraday levels are support $0.3361 and resistance $0.3466; a breakout above $0.3466 targets $0.3840, while a break below $0.3361 targets $0.3230 and, in a deeper move, $0.2672. Technical indicators are mixed: MACD shows a bullish histogram, RSI is neutral (~51), price sits above EMA20 but Supertrend is bearish. BTC correlation is high (~0.85); analysts note BTC’s 88.5k–89k band as critical — BTC weakness would likely drag JTO lower. Short-term volatility is expected over 24–48 hours. Recommended approach for traders: scalp within the narrow band (0.3361–0.3466) with tight stop-losses, limit position size (1–2% capital), and watch volume + BTC moves for confirmation. Analysis is short-term technical commentary, not investment advice.
XRP (XRP) dropped from a January 6 rejection at $2.41 to an intraday low of $1.85, where selling pressure paused and the price recovered slightly above $1.85. The token remains below key moving averages, trading between downward-sloping MA lines on the 4-hour chart — a pattern suggesting range-bound action unless buyers push above the MA lines. Short-term support sits at $1.80 (with a secondary support at $1.60); resistance is noted at $2.80 and $3.00. The 21-day SMA is still above the 50-day SMA (upward sloping), reflecting the prior bullish trend, but price action below the moving averages indicates bearish near-term momentum. Continued upward movement would require the price to hold above the moving averages and break past $1.95–$2.00 levels. This analysis is an opinion and not financial advice.
Michael Saylor, CEO of Strategy (MicroStrategy’s parent), warned on social media that protocol mutability — efforts to introduce complex new features or alter core Bitcoin rules — poses the "greatest risk" to Bitcoin’s primary value proposition of immutability. Saylor targeted a faction of developers and "activist" Bitcoiners backing proposals such as BIP-110 and more aggressive soft forks. BIP-110, associated with developer Dathon Ohm and implemented in Bitcoin Knots, aims to limit arbitrary data storage and has so far been adopted by over 2% of Bitcoin nodes. The debate intensified after MicroStrategy launched "MicroStrategy Orange," a decentralized identity protocol using Inscriptions, which critics like Luke Dashjr call an attack on Bitcoin. Supporters of ossification and opponents of Ordinals/inscriptions argue for preserving Bitcoin as sound money and limiting protocol changes. The dispute highlights tensions between innovation (new features, inscriptions) and conservatism (ossification, anti-spam measures) within the Bitcoin developer and user community. Key names: Michael Saylor, Dathon Ohm, Luke Dashjr; key proposal: BIP-110; client: Bitcoin Knots. Primary keywords: Bitcoin, protocol mutability, immutability, BIP-110, Michael Saylor.
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BitcoinProtocol MutabilityBIP-110Michael SaylorBitcoin Development
The Ethereum Foundation has created a dedicated Post‑Quantum (PQ) security team led by Thomas Coratger to accelerate quantum‑resistant cryptography for Ethereum. The program combines active engineering with incentives: Lighthouse and Grandine clients have deployed PQ consensus testnets (Prysm to follow), biweekly developer sessions on PQ transactions are scheduled, and experiments include signature aggregation, account abstraction for upgradable wallets, and leanVM for compact ZK computations. To spur external contributions the Foundation committed $2 million in prizes — a $1 million Poseidon Prize to harden the Poseidon hash used in ZK systems, plus a $1 million Proximity Prize for applying PQ protections to current blockchain infrastructure. Senior researchers including Justin Drake and collaborators tied to leanVM and other cryptographers are active in the project. Industry responses include Coinbase forming an advisory board on quantum threats. The initiative emphasises early coordination across clients and a migration path (leveraging account abstraction) so wallets and contracts can move to PQ‑safe primitives well before practical quantum attacks emerge. For traders: the move reduces long‑term cryptographic risk for ETH and major Ethereum tooling, shortens upgrade uncertainty by backing multi‑client testnets and developer coordination, and signals proactive risk‑management that may support market confidence in Ether over the medium-to-long term.
MYX Finance (MYX) has seen a shift toward conviction-led buying after bulls absorbed overhead supply, pushing price to $6.38 on Jan 24 and holding above the 7- and 30-day SMAs. Short-term structure improved as bears failed to trigger deeper pullbacks, encouraging dip buyers. RSI sits near 60, indicating strength without overextension, while price respected the 23.6% Fibonacci level at $6.19 as support. Perpetual (perp) volume surged from the prior $250–300M range into the $550–600M area, signaling broader capital rotation into perp DEXs and stronger trader engagement rather than thin, speculative spikes. The protocol’s v2 upgrade is cited as a structural catalyst improving execution, spreads and liquidity depth. Key technical levels: immediate support $4.80–$5.00; near-term support converted at $6.19; resistance band at $7.20–$7.50 — reclaiming $7.50 on sustained higher lows and strong volume would open a higher trading range. For traders: rising volume on bullish candles and improved market structure favor trend-following setups, but $7.50 remains the critical barrier for extending momentum.
Ethereum (ETH) briefly failed to hold the $3,000 level on spot markets, drawing attention to a potential rejection. However, on-chain metrics tell a different story: sustained accumulation by long-term holders, steady inflows to staking and protocol activity, and low realized losses indicate underlying strength. Key indicators cited include wallet behavior showing growing non-exchange balances, increased staking participation, and a divergence between price action and on-chain demand. Analysts warn that short-term technicals (resistance at $3,000) could prompt volatility, but on-chain fundamentals reduce the probability of a prolonged downtrend. For traders, the report highlights: monitor exchange reserves, staking flows, long-term holder supply changes, and short-term technical levels; watch for a decisive break above $3,000 to confirm bullish continuation or a failure that could trigger short-term pullbacks. Primary keywords: Ethereum price, ETH on-chain data, $3,000 resistance. Secondary keywords: staking flows, exchange reserves, long-term holders, market volatility.