Bitcoin is trading below $90,000 and hovering around $89,000, while an adjusted Net Unrealized Profit/Loss (aNUPL) metric tracks conditions similar to prior post-bear market phases. On-chain analyst Darkfost highlights that unrealized profits are shrinking and unrealized losses are growing, pushing investors toward a key decision point between holding or capitulating. The weekly chart shows BTC stuck in a consolidation band near the $88,000–$90,000 region, with downside risk toward the low-$80,000 zone if buyers fail to defend current support.

Bitcoin trades near $89,000 after slipping back under $90,000, with momentum softening. According to analyst Axel Adler citing CryptoQuant’s Trend Pulse, the market has remained in Bear Mode since January 19—83 straight days—on a negative 14-day return and a weak SMA30 vs SMA200 signal. Quarterly return is -19% and the 7-day change is -6.8%, underscoring fragile sentiment.

Bitcoin fell below $90,000 as macro tension between the United States and the European Union, alongside concerns linked to Greenland, weighed on risk assets. Analyst MorenoDV reports that new whales now command a larger share of Bitcoin realized cap than long-term whales, while CryptoQuant data places their realized price near $98,000 with spot seen around $88,300.

Ethereum has fallen back under the $3,000 mark, trading near $2,970 as selling pressure weighs on price while key resistance levels cap upside attempts. At the same time, on-chain data shows ETH balances on centralized exchanges have declined to about 16.2 million ETH, with Binance’s holdings dropping from roughly 4.168 million ETH to around 4.0 million ETH since early 2026, signaling a tighter supply backdrop.

Crypto markets sold off overnight as renewed US–EU trade tensions rattled risk assets. More than $800 million in leveraged positions were liquidated, including about $768 million in longs, with outsized hits on Hyperliquid and Bybit. Bitcoin hovered near $93,100 after a rejection from the $96,000–$97,000 area.

On January 18, total XRP long liquidations surpassed $5 million, with Binance accounting for roughly $1.05 million, according to CryptoQuant. The token is attempting to reclaim $2 after a rejection near $2.40, while macro headlines about potential EU tariffs worth up to €93 billion ($107.7B) fueled a broader risk-off move.

At the start of 2026, Monero (XMR) has surged from about $410 to nearly $799, marking one of the strongest recent moves among privacy-focused cryptocurrencies. The rally follows earlier spikes and subsequent pullbacks in Zcash (ZEC) and Dash (DASH), where retail trading frequency signals coincided with local tops. A similar retail activity pattern is now emerging in Monero as it trades in parabolic territory, raising the risk of increased volatility and a potential deeper correction if key support zones fail.

Bitcoin has strengthened in recent sessions, lifting price toward $97,000 after a period of persistent selling. According to a CryptoQuant analyst, the Bull Score Index is at 20, a reading observed only seven times over the past six years. With $100,000 in view, momentum looks to be stabilizing, but confirmation still depends on key technical thresholds.

Bitcoin moved above $97,000 after a firm break of the $94,200 resistance and a quick push toward $97,500. As of January 2026, Value Days Destroyed is near 0.53, indicating older coins remain largely inactive, according to CryptoQuant analyst Carmelo Alemán. Analysts remain cautious, warning the advance could still be a counter‑trend move within a broader bearish setup.