The State of Bitcoin and the Market
#Bitcoin fight for $87,000: After losing the support of $90,000, BTC seeks stability in the range of $86,000 - $88,000, with analysts watching the critical support of $85,600.
Record outflows from ETFs: Crypto funds recorded outflows of $1,730 million last week, reversing the upward trend from earlier in the month.
Dominance of "Risk-Off": Macroeconomic uncertainty and corporate earnings results have pushed investors to take refuge in gold (which reached $5,000 per ounce) instead of risk assets.
Mass liquidations: More than $130 million in liquidations were recorded in just 24 hours at the beginning of the week, primarily affecting long (bullish) positions.
#MicroStrategy does not stop: Despite the drop, Michael Saylor's company acquired another 22,305 BTC after raising $2,100 million through stock sales.
Altcoins and Ecosystems
#Ethereum under pressure: $ETH fell below $2,900, facing its second-largest weekly outflow of funds in history ($630 million).
#Solana , the hardest hit: It has been the largest capitalization altcoin with the worst performance of the week, falling 11.79% and struggling to maintain support at $120.
Resilience of Chainlink and Solana ETFs: Despite the bloodbath, the Solana ETFs (+$17M) and Chainlink (+$4M) were among the few with positive inflows.
Post-Quantum Security in Ethereum: The Ethereum Foundation announced that the transition to quantum-resistant cryptography is now its strategic priority #1.
#Dogecoin leads the sentiment: Interestingly, $DOGE showed flashes of relative strength with a spot valuation of 16% against the weakness of the other "majors."
Regulation and Global Adoption
Goodbye to Gary Gensler: The market continues to digest the change of guard at the SEC; the new chairman, Paul Atkins, has already started to expedite the tokenization of securities.
U.S. Strategic Reserve: The debate over the national Bitcoin reserve in the U.S. consolidates, keeping corporate treasuries accumulating assets.
MiCA in Europe: The full implementation of the MiCA regulation is forcing exchanges to eliminate stablecoins that do not comply with the new reserve requirements.
The GENIUS Act in the U.S.: This new legislation seeks to classify payment stablecoins as "not securities," requiring full backing in Treasury bonds.
India and the BRICS: India has formally proposed to create a cross-border payment network using digital currencies (CBDC) to reduce dependence on the dollar.
Institutional and Technology
Grayscale expands: The manager has formally applied for a spot BNB ETF with the SEC, looking to diversify beyond Bitcoin and Ether.
Hyperliquid breaks records: The DeFi derivatives platform processed nearly $3 trillion in accumulated volume, demonstrating that on-chain trading is still alive.
Banking Tokenization: Major traditional banks are accelerating the migration of private credit to blockchain networks; the sector doubled in size over the last year.
Bitcoin Options: Echo Protocol launched new options products that allow users to earn returns on their inactive BTC over periods of 14 to 28 days.
FOMC Meeting: The entire crypto market is today (January 27) focused on the Federal Reserve meeting, which will define the course of interest rates and global liquidity.
If you want me to delve into any of the topics, leave it in the comments...
