On January 11, 2026, Tennessee’s Sports Wagering Council ordered Kalshi, Polymarket and Crypto.com to stop offering sports-related event contracts to state residents, calling them unlicensed sports betting under local law. The platforms must cancel Tennessee users’ existing sports positions and refund remaining balances by January 31, 2026, or face potential fines of up to $25,000 per violation.

Bitcoin is trading around the $90,000 area while on-chain indicators point to weak U.S. spot demand and ongoing selling from American investors over the past month. Data tied to Coinbase shows a mostly negative Bitcoin Premium Index, with only a brief positive blip during a short move above $94,000 before slipping back. At the same time, global liquidity has been flat in recent weeks, though expectations for looser central bank policy in 2026 are building and could later support Bitcoin.

On 11 January 2026 at 17:42, the International Monetary Fund highlighted that stablecoins are increasingly used for cross‑border payments. Its analysis says stablecoin flows are growing faster than Bitcoin and Ethereum activity, and heavy backing with short‑term US Treasuries is binding these tokens to traditional finance while policy responses remain uneven.

As of early 2026, Bitcoin's weekly RSI sits in the low 30s with price near $80,000, according to the analysis. Two 2025 pullbacks followed bearish divergences, and traders are watching $98,000 (0.382) and $103,000 (0.5) as retest zones, while $91,000–$93,000 may act as a front-run retest if momentum stays weak.

Ethereum is experiencing a renewed wave of long-term capital commitment as staking demand climbs and more supply is taken out of circulation. Over 1.7 million ETH, valued at roughly $5.5 billion, is now queued for validator activation, with new stakers facing delays of nearly a month. This shrinking liquid supply, combined with institutional yield strategies and anticipated network upgrades, is tightening underlying market conditions around key price support levels.

On-chain data indicates that more than $1.25 billion in USDT was withdrawn from Binance in a single session, while the exchange's stablecoin reserves fell by nearly $1.7 billion over two days. At the same time, very large wallets holding over $100 million in USDT reportedly added about $4.7 billion, suggesting capital is moving into off-exchange storage, softening short-term trading activity but not necessarily signaling market distress.

On 10 January 2026, on-chain indicators showed Bitcoin shifting as long-term holders moved from accumulating to selling while newer whale wallets clustered around $99,000. The price is still trading above short-term support and the 21-day moving average, but it has stayed below the 50-week simple moving average for nine straight weeks. This combination of renewed supply from older coins and whale break-even levels near $99,000–$100,000 leaves the market at a sensitive point for the next major move.

On January 9, US spot crypto ETFs recorded $337.22 million in net outflows, led by redemptions in Bitcoin and Ethereum funds. Bitcoin ETFs offloaded 2,750 BTC, about $250 million, while Ethereum products saw 30,205 ETH out, near $94 million. Smaller inflows into XRP, Chainlink, Litecoin, and HBAR signaled selective reallocations.

Binance closed 2025 reporting record activity across trading, payments, security, and regulatory integration. The platform processed $34 trillion in total volume, with over $7.1 trillion on spot, passed 300 million registered accounts, and held nearly $163 billion in customer assets; institutional OTC fiat rose over 200%, and Binance Pay reached more than 20 million merchants.