On 19 January 2026 at 19:44, Bitcoin's sharp correction coincided with one of the steepest declines in the Stablecoin Supply Ratio in the current cycle, suggesting a potential undervaluation. A large pool of stablecoin liquidity now stands against a reduced Bitcoin market cap, a setup that has previously aligned with emerging market bottoms. For this signal to be confirmed, the ratio would need to rise again while stablecoin market caps stay steady or expand.

Bitcoin has declined for five consecutive sessions, retreating from highs last seen in November and struggling to hold above $92,000. According to Samer Hasn of XS.com, the sell-off reflects profit-taking and broader risk aversion amid political and macro uncertainty. Spot demand shows resilience, with US Bitcoin ETFs recording their strongest weekly net inflows since October and futures open interest down about $9 billion.

In the early hours of January 19, 2026, Bitcoin briefly showed a price of $0.00 on Paradex after a Starknet-based technical failure during scheduled maintenance caused mass liquidations in several perpetual markets. Paradex responded by rolling back its chain state to block 1,604,710 and temporarily suspending key services, later restoring trading and withdrawals while warning users about impersonation scams.

On January 19, 2026, Bitcoin fell intraday from $95,467 to $92,263 and traded near $92,973 by Monday afternoon UTC, up 2.6% over the week and 5.4% over the month. Analysts including John Glover, Nic Puckrin, and Samer Hasn say further downside is likely before a potential Wave V advance, with risk-off conditions limiting a stronger recovery.

BTQ Technologies launched a Bitcoin-like Quantum testnet on Jan. 12, 2026 to evaluate post‑quantum signatures such as ML‑DSA. The network lifts the block cap to 64 mebibytes (MiB) to accommodate signatures roughly 38–72 times larger than ECDSA. It highlights risk concentration in legacy output types and address reuse.

On 19 January 2026, market data from 2025 showed precious metals and major stock indices reaching strong performance levels, while cryptocurrencies underperformed. Gold, silver, copper and other industrial metals reflected firm economic demand, but Bitcoin and most altcoins failed to sustain early-year gains or revisit prior cycle peaks. The divergence suggests crypto behaved more like a growth-sensitive asset than a defensive hedge in an environment of uneven growth and tight financial conditions.

An early Bitcoin holder who kept funds dormant for roughly 12 years has resumed large-scale selling, unloading 2,500 BTC for about $265 million since December 4, 2024. The wallet originally accumulated 5,000 BTC at around $332 per coin and still controls 2,500 BTC, valued near $237.5 million, while Bitcoin trades around $92,781 amid renewed bearish sentiment.

US-based Bitcoin selling intensified as the 30-day Coinbase Premium Gap fell to around −63.85, a one-year low, signaling pressure on BTC's price. A rising wedge on the daily chart raises the odds of a break below $90,000, with $80,000–$78,000 in focus if support fails.