Access Binance OTC desk on the VIP Portal
Overall Market
Data source: TradingView
BTC Breaks Resistance Level, Leading Rebound in Crypto Market
As noted in last week’s report, BTC since the New Year had been trading sideways between a $87,000 and $94,000 range, with the $94,000 mark continuing to act as a stubborn resistance level. Over the last seven days however, BTC has enjoyed a rise of over 7%, with the price moving from $91,000 to just below $97,000 as of the time of writing.
As for large-cap altcoins, the past week of price performance has been generally promising, with $ETH rising from the $3,000 mark to around $3,300. $XRP rose from below $2.10 to a peak of $2.18 but has since fallen to around $2.12. $BNB and $SOL have posted 7-day increases of around 7% and 8%, respectively.
Ongoing Developments in Crypto Regulation Amid Sustained Global Risk Appetite
Increased positive sentiment has come in part due to regulatory developments, with the Digital Asset Market Clarity Act being unveiled by US senators on Monday evening. The Act would give the CFTC authority over spot markets and reduce the SEC’s ability to claim that any cryptoasset is a security by default. There is a compromise in this bill regarding stablecoins—it would prevent crypto companies from paying interest simply for holding stablecoins—but they are allowed to give rewards for usage. If passed, the bill would provide institutions with legal clarity before deploying capital and would further legitimize the US crypto markets structurally.
Looking more broadly across asset classes, equities have continued their positive start to 2026, particularly in Europe, with the STOXX 600 (a broad measure of the European equity market) hitting a record high thanks to gains in chip stocks, chemicals, and healthcare. US equity indices also saw respectable increases during the week, with chipmaker TSMC posting a strong earnings report, while President Trump signalled that the Iran crisis may be subsiding.
Gold and silver posted new records at the beginning of the week, with gold surpassing the $4,600 mark and silver surpassing the $85 mark per ounce. This came from uncertainties regarding the US Federal Reserve amidst President Trump’s continued criticism of the institution and its leadership, as well as tailwinds from falling US rates and rising political tensions.
Constructive Outlook for BTC in Q1 Supported by Regulatory Clarity and Liquidity Trends
Our view on BTC remains constructive for the first quarter of the year. The passing of the aforementioned Clarity Act in the US could catalyse participation from traditional financial institutions that have thus far remained on the sidelines, an event that would likely be positive for price action. We also note that historically, BTC has front-run global liquidity cycles—global M2 continues on an upward trend, and current metrics suggest further liquidity expansion, hinting at further upside potential. We view the $98,000 mark—the current average cost basis for short-term holders—as a short-term psychological resistance level.
Macro at a glance
Weekly Macro Highlights (January 8 - January 15, 2026)
Tuesday, January 13:
US inflation figures were released for December 2025. Consumer prices rose 0.3% month-on-month in December 2025, in line with consensus and driven by increases in energy and food prices. Annual inflation remained at 2.7% for December 2025, also in line with expectations.
Wednesday, January 14:
China’s trade surplus for 2025 was posted at a record USD 1.189 trillion, with a 5.5% increase in exports while imports were unchanged. Exporters have moved production away from the US and towards alternative markets - particularly the EU & Southeast Asia.
US producer price data (delayed due to the government shutdown) showed a 0.2% increase between October and November 2025, in line with forecasts and largely driven by an increase in energy costs.
Thursday, January 15:
UK monthly GDP figures for November 2025 were released, showing a 0.3% expansion ahead of market expectations of 0.1%. The main driver of this was owing to growth in the services sector.
Germany’s annual GDP grew by 0.2% in 2025, following a 0.5% contraction in 2024. Higher household consumption and government spending supported the growth, but manufacturing output declined sharply.
Why trade OTC?
Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations and execution services.
Email: trading@binance.com for more information.
Join our Telegram Channel @BinanceOTCTrading (https://t.me/+0mkJQnbQiOdlZjk0) to stay up to date with the markets!
You can also reach out to us on Telegram (@Binance_OTC_Desk) to connect directly with our experienced traders for your OTC trading needs. We look forward to assisting you and providing exceptional service for all your OTC transactions.
