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.

Bitcoin briefly reached $93,000 on Monday morning in Asia after a U.S. strike on Venezuela over the weekend. Analysts including Michael Nadeau, Aaron Dishner, and Joe Consorti highlighted $100k–$101,700 levels tied to key moving averages as price pulled back to $92,500 and faces resistance above $94,000. Consorti noted a 6.24% rise and a break above the 50‑day MA, urging a reclaim of the 50‑week MA near $101k.

Roughly $27 billion worth of Bitcoin and Ethereum options are set to expire on December 26, marking one of the largest combined crypto derivatives expiries on record. With Bitcoin max pain near $96,000 and positioning concentrated at key strikes, traders are focused on post-expiry flows rather than immediate spot price moves.

On Tuesday, Ethzilla's stock price tumbled 15% after the digital asset treasury sold approximately $74.5 million worth of Ethereum to redeem convertible debt. The firm offloaded 24,291 ETH and now holds about 69,800 ETH, while its share price has fallen 95% from an August peak above $100.

According to Coinglass, the Coinbase Bitcoin premium stayed negative for seven consecutive days and was around -0.04% on December 21, 2025, after remaining negative for much of November. Analysts say this typically signals U.S. spot demand lagging Asia, with institutions in the U.S. less aggressive while Asian sessions show stronger dip-buying.

Crypto markets briefly pushed total capitalization back above $3 trillion as the week opened with low volatility amid the Christmas holiday period. October’s US PCE inflation figures on Monday and the third-quarter GDP report on Tuesday are among the main macro updates traders are watching, alongside housing and durable goods data. Bitcoin is trading around $88,500 after briefly touching $89,000, while Ether is struggling to build momentum above the $3,000 level.