Around 21,700 Bitcoin options with a notional value near $1.8 billion are set to expire on Friday, Jan. 23. The batch shows a 0.75 put/call ratio and max pain around $92,000, per Coinglass, while roughly 118,000 Ethereum contracts worth $346 million also expire with a 0.86 ratio. Spot markets remained weak, with total cap down 1% and BTC near $89,500.

On January 19, 2026, Milk Road said Ethereum staking hit an all‑time high after Token Terminal reported the staking ratio above 30%. Ultrasound Money shows 36.2 million ETH worth around $115 billion locked and earning about 2.8% annually, while Validator Queue lists 2.7 million ETH waiting and exits near zero; by Tuesday morning, ETH dipped below $3,200.

Crypto markets started the week with sharp price swings as traders reacted to new US–EU trade tensions and looming macroeconomic data. Bitcoin briefly dropped below $92,000 and the total crypto market cap slid to about $3.21 trillion, while altcoins saw even steeper declines. Investors now face a packed calendar of US and Asian economic events, along with major corporate earnings and the Davos forum, which could inject further volatility.

On January 12, 2026, SEC chair Paul Atkins said on Fox Business that it is a big week for crypto as Congress advances market-structure legislation. He posted on X the same day in support of clarifying the SEC–CFTC split and ending the regulatory gray zone. The Senate scheduled January 15 for a markup of the CLARITY Act.

Crypto markets were largely unchanged over the weekend, then firmed Monday in Asia with Bitcoin up 1.7% to $92,000 and Ether near $3,150. From Jan. 12 to 16, investors will watch U.S. December CPI, November PPI, housing data, jobless claims, and bank earnings, alongside reaction to a proposed 10% cap on credit card rates.

On Friday, January 9, 2026, about 20,600 Bitcoin options worth roughly $1.9 billion are set to expire, with a put/call ratio near 1 and max pain around $90,000. Ethereum also has 123,000 contracts expiring with $384 million notional. Spot markets hit a midweek high before pulling back into Friday.

Wyoming Senator Cynthia Lummis said on Wednesday that the crypto market structure bill, also known as the CLARITY Act, is close to becoming bipartisan legislation, with a Senate markup scheduled for January 15. The proposal would define most crypto assets as commodities overseen by the CFTC, narrow the SEC's jurisdiction to true securities, and add protections for developers, while prediction markets give rising odds that it will become law by year-end.

MSCI said in a Tuesday note it will not implement a proposal to remove digital asset treasury companies from its Global Investable Market Indexes as part of the February 2026 review. A campaign group warned such an exclusion could force up to $15 billion in selling, while MSTR climbed 6.7% after-hours. Bitcoin slipped about 1% to $92,700.

On January 5, 2026, Glassnode reported that Bitcoin is moving out of its corrective phase into a fragile consolidation regime, with RSI rebounding into the upper‑neutral band and loss‑taking pressure easing. Analysts highlighted stabilisation in the $80K–$95K range, improving spot liquidity, cautious derivatives positioning and renewed US spot ETF inflows, while warning that subdued on‑chain demand leaves the market vulnerable to volatility and profit‑taking.