On January 15, Bitcoin's Fear & Greed Index stood at 61; six days later it plunged to 24, signaling extreme fear, according to Alternative. The indicator, built from market cap dominance, trading volume, volatility, Google Trends, and social media inputs, previously sprinted from 26 to 61 in two days as BTC moved above $97,000. Bitcoin dipped below $88,000 before rebounding to $90,200.

Glassnode said in a post on X that during the November–December bottoming phase, larger entities were the main drivers of Bitcoin supply accumulation while smaller cohorts distributed. Its Accumulation Trend Score showed 10,000+ BTC wallets near 1.0 after the November drop, with 1,000–10,000 BTC holders turning net buyers in December. Bitcoin traded around $88,900 as the week progressed.

Bitcoin fell from $95,500 to a low of $93,000 in the past 24 hours, with altcoins also declining. The sharp move triggered heavy derivatives liquidations, with long positions bearing the brunt, while Ethereum slipped to $3,200. Bitcoin has since edged back to about $93,100.

On-chain data attributed to CryptoQuant analyst Maartunn indicates that Bitcoin short-term holders have recently shifted 41,800 BTC in profitable deposits to exchanges while loss-making deposits fell to 1,800 BTC. During this period, Bitcoin’s spot price dropped from above $97,000 to around $94,600 and remained below the short-term holder Realized Price level of $99,412.

Recent posts on X have fueled claims that XRP is in a "super cycle," with figures like YoungHoon Kim reiterating this view, while analyst Ali Martinez's weekly chart instead highlights a SuperTrend sell signal. The technical indicator flipped from bullish to bearish near the end of 2025 and has kept XRP under its trendline, even as the token's price slipped 2% to $2.07 over the past week and Solana registered a fresh bullish SuperTrend shift.

On-chain firm Santiment says Bitcoin entered its "Very Bullish" zone after sharks and whales (10–10,000 BTC wallets) added 32,693 BTC since January 10th, while retail (<0.01 BTC) sold 149 BTC. The divergence suggests large holders are backing the rally, as BTC briefly crossed $97,000 before easing to $96,900.

Litecoin's price recently retreated from a high of $84 to near $75 before rebounding around $78, while large on-chain transactions have climbed to their strongest level in five weeks. Data shows the number of LTC transfers above $100,000 surged to 503, the highest whale activity reading since December 10, a zone that previously aligned with local price tops. It is still unclear whether the latest spike will precede renewed selling pressure or signal a potential bottom for the altcoin.

According to CoinGlass, more than $462 million in crypto derivatives were liquidated over the past 24 hours as Bitcoin slid under $89,600 and hovered near $89,500, down 2%. Long positions made up $418 million, over 90% of the total, with about $132 million tied to BTC, $116 million to ETH, and $24 million to ZEC.

CryptoQuant founder and CEO Ki Young Ju has argued that Bitcoin is unlikely to suffer a bear‑market style plunge of more than 50% from its all‑time high and instead could trade sideways for the coming months. He pointed to a recent slowdown and slight decline in Bitcoin’s Realized Cap, along with falling retail transaction volume under $10,000, as signs that capital inflows have weakened. Bitcoin is currently trading around $89,900, about 2% higher over the past week.