Trading

On January 9, Bitcoin hovered around $90,700 with 24-hour volume near $12.18 bn as crypto ETFs recorded $343.8 mn in net redemptions. BTC now trades within a tight band between support at roughly $90,000 and resistance at $91,520, forming a symmetrical triangle that could precede either a breakout toward $93,011–$94,800 or a slide toward $89,241–$87,921.

On January 11, 2026, Bitfinex and Bitstamp data indicated large Bitcoin whales were unwinding leveraged long positions after a late‑month peak of 73,000 BTC. Analysts and firms including Coin Bureau, CryptoQuant, CoinShares, and Mercado Bitcoin linked the shift to potential bullish setups, with projections such as a path toward $135,000 and expectations of a doubled market cap in 2026.

In 2025, Russia's Social Fund handled about 37 million inquiries, with many asking about pension payments in crypto and whether mining income affects benefits. Officials said all state payments are in rubles and crypto taxation is under the Federal Tax Service. Senior official Maxim Oreshkin urged treating mining as export activity, while exchanges prepared for rules taking effect by July 1, 2026.

Ethereum's social media sentiment has weakened to levels similar to those seen before its 2025 rally, even as the broader crypto market shifts between "Fear" and "Extreme Fear." Traders on prediction platforms are still pricing in a meaningful chance that Ether will trade above $4,250 to $5,000 or more in 2026. Analysts also note that while Ethereum has pulled back sharply from its 2025 peak, many investors again view it as the clear second-largest crypto asset.

On Jan. 9, Tennessee’s Sports Wagering Council directed Polymarket, Kalshi, and Crypto.com’s Nadex to halt sports event contracts, void pending wagers, and refund deposits by Jan. 31, 2026. The letters warned that unlicensed betting could trigger criminal referrals and fines up to $25,000 under state law.

On-chain data indicates that more than $1.25 billion in USDT was withdrawn from Binance in a single session, while the exchange's stablecoin reserves fell by nearly $1.7 billion over two days.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.

Ethereum’s social sentiment has dropped back to levels last seen before its 2025 recovery rally, while its price trades around $3,094 after a 36% pullback from the 2021 peak of $4,878. Analysts highlight depressed mood, strong network growth, and rising staking interest alongside a lingering risk-off environment dominated by Bitcoin as factors that could set up Ethereum’s next significant move.

Following December's governance turmoil, Aave fell 20% to $143 and over $500 million was wiped from its market value, while the top 100 addresses increased their holdings to 12.92 million AAVE, or about 80% of supply. At the same time, exchange balances and selling pressure have eased, and if price reclaims the $174 50-day moving average and holds $160 support, analysts see room for a potential move toward $210-$220.

Ethereum’s social sentiment has fallen to levels similar to those seen ahead of its 2025 price surge back to its 2021 all-time high, according to Santiment analyst Brian Quinlivan. He argued this negative mood could limit further downside, even as Ether trades about 36% below its peak and broader crypto sentiment remains stuck in “Fear” territory.

Bitcoin has recently traded in a tight band between $90,000 and $93,000, with price action showing little decisive movement. Data indicates spot market inflows have dropped to a six-week low, while institutional investors have shifted from net buying to selling hundreds of millions of dollars in BTC. Despite weak broader sentiment, long-term holders remain largely inactive, helping to limit deeper downside for the cryptocurrency.