Bitcoin fell below the $76,000 long-term realized cost basis over the weekend, a level built over roughly 27 months of accumulation and seen as structurally important. The move, driven by ETF outflows, tighter liquidity and defensive derivatives positioning, pushed price to stabilize near $78,000 while traders now watch $80,000 as the first upside reclaim target.

Crypto ETFs saw a $1.7 billion weekly net outflow, the biggest since mid-November, with cumulative three-month outflows at $2.6 billion. Bitcoin products led with about $1.1 billion redeemed, followed by Ethereum at $630 million and XRP at $18 million. On 29 January and the next day, outflows reached $817 million and $510 million, marking four straight redemption days.

According to Paolo Ardoino on X, USDT expanded by $50 billion in 2025, underscoring demand outside traditional banking. Tether.io's Q4 2025 report showed $192.8 billion in assets against $186.5 billion in liabilities, a $6.3 billion surplus, with reserves anchored by U.S. Treasuries and a network built for low-friction settlement.

Avalanche's RWA total value locked stood at $1.3 billion, with subnet architecture and compliance features attracting institutional participation. In Q4 2025, BlackRock expanded its $500 million BUIDL fund on Avalanche, while daily C‑Chain transactions reached 2.1 million amid growing RWAs, gaming, and enterprise activity.

Solana has been processing around 40% of L1 transaction throughput while memecoin-driven activity surges, maintaining stable TPS between roughly 2,000 and 5,000 without lasting degradation. High speculative usage has translated into more than $110 billion in 30‑day DEX volume and about $145 million in app revenue, underscoring both scalability and economic capture.

By late January 2026, U.S. spot Bitcoin ETFs had amassed about $118‑120 billion in assets and over 611,000 BTC, far exceeding Hong Kong’s roughly $250‑340 million market. Asia’s crypto ETF landscape, led by Hong Kong’s 2024 launches for Bitcoin and Ethereum, has seen strong percentage growth but remains limited in scale as regulators in Singapore, Japan and South Korea proceed cautiously. This imbalance leaves U.S. issuers setting global liquidity and sentiment, while macroeconomic forces, rather than regional ETF flows, still drive short-term crypto price direction.

By late January 2026, Sui’s stablecoin market cap was about $500 million with USDC above 70%, while on-chain data showed treasury-linked wallets concentrated around 108 million SUI. As of late January 2026, circulating supply was roughly 3.79 billion SUI, or 38% of the 10 billion max, as yields across DeFi ranged from single digits to 50%+.

MYX Finance's MYX token climbed to $6.38 on 24 January, holding above its 7-day and 30-day moving averages while respecting support at the 23.6% Fibonacci retracement near $6.19. Perpetual volume rose from a stable $250–300 million band toward the $550–600 million area, signaling stronger participation as bulls target the $7.20–$7.50 resistance zone, with $4.80–$5.00 acting as critical structural support.

Bitcoin is holding near recent highs while on-chain demand has turned negative and spot ETF flows have moved to net outflows. The setup resembles late-2021 conditions amid tighter liquidity and selective risk appetite. This raises the risk that recent strength proves a bear‑market rally unless demand and fund inflows improve.