Trading

Bitcoin has fallen more than 6% over the past week, trading back below $90,000 after briefly reclaiming $97,000, as global markets react to a sharp move in Japan’s bond market and intensifying tariff tensions between the U.S. and Europe. Japan’s 10-year government bond yield has surged to about 2.29%, its highest level since 1999, while new U.S. tariffs on eight European countries over Greenland are set to rise from 10% in February to 25% by June, prompting analysts to warn of tighter financial conditions and fading risk appetite.

On-chain metrics indicate Bitcoin long-term holders have shifted back to net accumulation after months of distribution, a pattern previously seen earlier in 2025. Price remains capped below the $100,000–$103,000 resistance, and Mike Novogratz says a decisive break is needed to confirm momentum. The data also suggests a potential higher low forming despite cautious sentiment.

On January 20, Grayscale submitted a Form S-1 to the SEC to convert its NEAR Trust into a spot ETF, with plans to list on NYSE Arca under ticker GSNR. The fund may allow staking, will use Coinbase for brokerage and custody, and track CoinDesk's NEAR CCIXber Reference Rate. According to CoinGlass, NEAR rallied over 3% intraday from $1.44 to just above $1.80 before easing to around $1.52.

On January 21, 2026, Nansen launched an AI-driven trading feature for Solana and Base across its web and mobile apps. The product unifies on-chain analytics and execution, draws on over 500 million labeled wallet addresses, partners with Jupiter and OKX DEX for liquidity, and requires user confirmation on all trades, with certain jurisdictions excluded.

In 2025, Bitcoin's global search interest fell about 50% even as the asset reached an all‑time high of $126,080. Posts on X mentioning "Bitcoin" declined 32% year over year to 96 million, and sentiment weakened following an October 10 liquidation of over $19 billion. By mid‑January 2026, social metrics turned more bearish despite prices rising from $90,320 to $97,540.

Dogecoin co-creator Billy Markus has reacted on X to a sharp crypto market downturn that erased about $150,000,000,000 in value as Bitcoin dropped under $90,000 and gold set a fresh record above $4,800 per ounce. Markus, known online as "Shibetoshi Nakamoto," replied with a brief "oh" to a post highlighting the scale of liquidations, while separately the firm Strategy disclosed a purchase of 22,305 BTC for roughly $2.13 billion at a price of about $95,284 per coin.

Bitpanda will let users trade about 10,000 stocks and ETFs alongside crypto starting Jan. 29, according to an announcement. Stock and ETF orders will cost a flat 1 euro ($1.17) per trade, with access to real stocks across the European Union as the company advances a universal exchange model.

On January 21, 2026, Galaxy Digital outlined a $100 million hedge fund targeting returns in both rising and falling markets. According to sources familiar with the plan, it aims to be operational in the first quarter and will allocate roughly 30% to crypto tokens and 70% to equities of financial services firms exposed to digital-asset trends.

Late Monday, a leverage flush sent Bitcoin down 9% to $87,000 and erased $360 million in longs. On Tuesday, crypto market value fell by $150 billion as BTC slipped below $88,000, while gold reached a record $4,874.21, up 2.3%. CoinGlass flagged $998.33 million in long liquidations over 24 hours.

New BTC whales have become the dominant force in Bitcoin's current cycle as ownership metrics tilt toward recently active large wallets. With price slipping below $90,000 and touching $86,000 in the past day, wallets aged 6–12 months now hold over 17% of marginal supply, while newer buyers carry about $6B in unrealized losses. Older whales remain less price-sensitive around a realized price near $40,000.