BeInCrypto FI

Ensimmäinen Yhdysvaltain spot Avalanche (AVAX) pörssinoteerattu rahasto (ETF) kirjasi nollanettosijoitukset avajaispäivänään, vaikka muut suuret altcoin ETF:t houkuttelivat edelleen uutta pääomaa.

ETF:n lanseeraus tapahtuu aikana, jolloin markkinoiden tunnelma on varovainen ja sijoittajat pysyvät turvallisella kannalla jatkuvan makrotaloudellisen epävarmuuden vallitessa.

AVAX ETF julkaistaan, mutta sijoittajat pysyvät sivussa

VanEck Avalanche ETF alkoi noteerata Nasdaqissa 26. tammikuuta 2026 tunnuksella VAVX. Virallisessa tiedotteessaan varainhoitaja ilmoitti luopuvansa kaikista sponsorimaksuista rahaston ensimmäisten 500 miljoonan dollarin omaisuuserään asti tai 28. tammikuuta 2026 asti, kumpi saavutetaan ensin. Tämän jakson jälkeen rahaston sponsorimaksu on 0,20 %.

Siitä huolimatta markkinoiden alkuaktiivisuus viittasi varovaiseen vastaanottoon. SoSoValue:n datan mukaan VAVX:n kaupankäyntivolyymi oli ensimmäisenä päivänä noin 333 970 dollaria ja kokonaisnetto-omaisuus nousi 2,41 miljoonaan dollariin.

Rahasto ei kuitenkaan saanut netto-ostovirtoja ensipäivänään, mikä viittaa rajoitettuun välittömään sijoittajakysyntään. Hiljainen avaus kuvastaa yleisempää muutosta markkinakäytöksessä.

Donald Trumpin palattua Valkoiseen taloon varainhoitajat hakivat nopeasti altcoin ETF -lupia. Odotukset näitä tuotteita kohtaan olivat enimmäkseen optimistiset. Markkinaosapuolet odottivat vahvoja sijoituksia, kun kryptovaroihin sijoittaminen muuttui helpommaksi perinteisten sijoitusinstrumenttien kautta.

Optimismi on kuitenkin laantunut. Makrotalouden epävarmuus ja geopoliittiset jännitteet painavat globaaleja markkinoita, ja sijoittajien tunnelma on muuttunut puolustavammaksi.

Monet sijoittajat ja analyytikot luonnehtivat nykyisiä olosuhteita karhumarkkinaksi, ja pääoma hakeutuu yhä enemmän turvasatamiin. Tämä on jättänyt kryptotuotteet vaikeuksiin houkutella pitkäjänteistä kiinnostusta.

Kysyntä ei ole kuitenkaan täysin kadonnut. SoSoValue:n tilastojen perusteella Bitcoin (BTC) ETF:t kirjasivat maanantaisin 6,84 miljoonan dollarin sijoitukset, mikä päätti viiden päivän ulosvirtaputken.

Lisäksi Ethereum (ETH) ETF:t keräsivät 116,99 miljoonaa dollaria. XRP (XRP), Solana (SOL), Dogecoin (DOGE) ja Chainlink (LINK) ETF:t saivat myös pieniä sijoituksia, kun taas Litecoin (LTC) ja Hedera (HBAR) ETF:t eivät saaneet sijoituksia lainkaan.

Havainnoista ei seuraa ETF-kysynnän romahdusta, vaan sijoittajahoukutuksen kapeutumista. Tämä markkinatilanne osoittaa, että sijoittajat eivät ole halukkaita siirtymään laajasti riskisijoituksiin, vaan valitsevat altistukset valikoivammin ja varovaisemmin.

“VAVX:n debyytti ilman nettosijoituksia kertoo paljon – Wall Street voi listata ETF:n, mutta jos sijoittajat eivät siirrä pääomaa, se osoittaa, että Avalanchen käyttöönotto on edelleen heikkoa ja kauppiaat odottavat selkeitä katalyyttejä,” totesi kryptovaikuttaja Zia ul Haque lausunnossaan.

Vaikka markkinoiden reaktio oli vaisu, jotkut analyytikot ovat sitä mieltä, ettei ETF:n pitkäaikaisia vaikutuksia pidä aliarvioida. Kryptoanalyytikko Kaleo huomautti, että vaikka lanseeraus ei nykyisessä ympäristössä näytä merkittävältä, siitä voi tulla tärkeä katalyytti, kun markkinaolosuhteet kääntyvät suotuisammiksi.

Samaan aikaan markkinahinnat vaikuttavat olevan yhä erkaantuneempia lohkoketjun perustekijöistä. AVAX-sidonnaiset sijoitustuotteet eivät ole onnistuneet houkuttelemaan sijoituksia heti, mutta Avalanche-verkon aktiviteetti on kasvanut voimakkaasti.

Lohkoketjun data osoittaa, että Avalanche C-Chainin päivittäisten käyttäjien määrä nousi lähes 2000 % tammikuussa, mikä viittaa voimakkaaseen käyttäjäaktiivisuuden kasvuun.

Erotus korostaa laajempaa haastetta siinä, miten markkinat tällä hetkellä hinnoittelevat altcoin ETF:jä. Säännellyt sijoitusinstrumentit voivat tukea pitkän aikavälin käyttöönottoa ja instituutioiden pääsyä, mutta lyhyen aikavälin tulokset riippuvat yhä vahvasti makrotaloudesta, riskinottohalusta ja pääoman kiertoliikkeistä.

Nykymarkkinassa vahvat verkon tunnusluvutkaan eivät yksinään riitä nostamaan välittömästi sijoituksia tai luomaan hinnan nousua, kun riskinottohalu on matala.

Quantum computing has evolved from a distant theory into a concrete threat. Now it impacts how the crypto industry plans its infrastructure for the coming decades.

Coinbase, Ethereum, and the Ethereum Layer 2 network Optimism are publicly presenting timelines, governance models, and transition strategies in preparation for the post-quantum era. This highlights a significant difference from Bitcoin, which is constrained by its model based on decentralized coordination.

The era of quantum computing has begun: which blockchain will survive the upcoming attack

Bitcoin has entered a correction phase following the latest dip, but from a market structure perspective, the overall direction remains constructive.

Price development appears more like a controlled retracement than a breakout, and it fits well with a higher time frame, which has historically anticipated the continuation of the rise.

Bitcoin profits have decreased

From a trader's perspective, the recent decline appears more like the exit of weak hands rather than panic selling. Short-term sellers seem to be stepping aside, while larger and more patient players are quietly repositioning themselves.

River (RIVER) has emerged as the best-performing altcoin of 2026, with its price rising approximately 500% since the beginning of the year due to a strong price rally.

Although the price has risen sharply, some market analysts have expressed concerns about the concentration of the token's supply. The contradiction between market sentiment and fundamental factors has sparked debate about the sustainability of RIVER's rapid price increase.

River is the top-performing token of 2026

The broader cryptocurrency market has experienced significant volatility in 2026. The year began with a price rally, but later saw particularly declines that wiped out a large portion of the returns of major assets.

Asian stock markets hardly reacted to U.S. President Donald Trump's new tariff threats on Tuesday, as regional stock indices remained close to record levels and South Korea made a dramatic turnaround during the day.

The muted reaction suggests that investors have become immune to Trump's trade rhetoric. The threats are seen as negotiation tactics rather than immediate policy changes.

Asia learns to ignore the noise

Asian stocks broadly rose despite Trump's warning of higher tariffs on South Korean products. Hong Kong's Hang Seng increased by 1.19%, Japan's Nikkei 225 added 0.78%, Australia's ASX was up 0.92%, and the Shanghai Composite strengthened by 0.43% in afternoon trading.

The price of Ethereum dropped below the $3,000 mark last week, reflecting broader market fluctuations and varying investor confidence. ETH briefly dipped to a lower support level before stabilizing, highlighting a clear divide among investor groups.

One of the market participants aggressively reduced their exposure, while others seem to be positioning for recovery, creating conflicting signals about the price direction in the near term.

Ethereum institutions are skeptical

Tether is rising to be one of the world's most aggressive gold buyers, challenging and even surpassing central banks in part.

The crypto company is gradually converting stablecoin profits into physical gold on a sovereign scale.

Central banks are no longer the largest buyers as Tether converts stablecoin earnings into sovereign-scale gold.

Already in the fourth quarter of 2025, the stablecoin issuer announced that it had added about 27 tons of gold to its reserves. This pace makes Tether one of the top buyers globally for the season.

Smart money wallets have continued to accumulate Cardano (ADA) over the past two months, even though the price of the cryptocurrency has decreased.

Smaller private investors, on the other hand, have sold this asset over the past three weeks. This difference in investor behavior may indicate a potential turning point for Cardano.

ADA whale accumulation differs from the selling pressure of private investors.

ADA has experienced significant volatility, similar to the market. In just a couple of months, the price of the altcoin has decreased by about 19%. After a price rally at the beginning of January 2026, the price turned sharply downwards, and most of the year's gains disappeared.

Bitcoin faces increasing selling pressure at the end of January 2026. The stablecoin market cap fell by $2.24 billion, the Coinbase premium dropped to a yearly low, and mining hashrate collapsed due to a severe snowstorm in the United States.

The combined effect of these factors led experienced trader Peter Brandt to warn that Bitcoin could fall below the $70,000 level if market pressures continue.

Stablecoin-exodus indicates the outflow of capital from crypto

The crypto market is witnessing a significant decrease in liquidity, as the market capitalization of the 12 largest stablecoins has fallen by $2.24 billion in just 10 days alongside Bitcoin's 8% dip. According to market intelligence platform Santiment, this is not just about taking profits.

Tokyo-listed Bitcoin treasury company Metaplanet (TSE: 3350) revised its full-year earnings forecast for fiscal year 2025 on January 26. The company reported a decline in Bitcoin value of 104.6 billion yen (678 million dollars) while simultaneously raising its operating profit guidance.

These results provide a real-time stress test for the Digital Asset Treasury model, which faced strong skepticism at the end of 2025.

The decline in Bitcoin value is a non-cash accounting adjustment

Silver is recovering from its sharpest intraday reversal since the 2008 financial crisis, rising again above $110 after dropping more than 7% from Monday's record high of over $117.

The extreme volatility of precious metals reflects a broader crisis of confidence in fiat currencies and government bonds. With gold rising above $5,000 and silver experiencing its most dramatic swings in 17 years, there is deep concern in the markets about the sustainability of major economies' fiscal policies – a sentiment that could also reflect on riskier assets, including cryptocurrencies.

Coinone, South Korea's third largest cryptocurrency exchange, has denied reports of negotiations to sell a stake to Coinbase, which silences speculation that the American exchange giant is seeking to re-enter the liquidity-rich Korean market.

The denial highlights how challenging it is for international exchanges to still penetrate South Korea's tightly regulated crypto markets, even as domestic players undergo rapid consolidation.

Completely unfounded

Federal Reserve -Chairman Jerome Powell's term ends in May this year. However, prediction market users are already placing their bets on whom U.S. President Donald Trump will choose as his successor.

For a long time, Kevin Hassett was leading in the predictions, but now the mood has shifted to BlackRock's Chief Investment Officer Rick Rieder.

Markets are reading Trump's Davos signals

Rieder is in a strong lead in the prediction markets. Both Polymarket and Kalshi give him a 45% chance of becoming a candidate, placing him ahead of other options like Fed Chair Christopher Waller and former Fed official Kevin Warsh.

Bitcoin approaches a significant macroeconomic event as U.S. lawmakers rush to prevent a new state government shutdown before the January 30 funding deadline. The markets are moving to this date under pressure from a failed January price rally and a strong change in sentiment.

Historically, Bitcoin has not acted as a reliable hedge during U.S. government shutdowns. Instead, its price movements have followed the prevailing market sentiment.

Cryptomarkets often move based on positioning before the price reacts. In the last days of January, attention is drawn to a small group of 'made in USA' coins that no longer follow the broad market, but instead show early signs of significant changes – in both bullish and bearish directions.

As the market seeks direction towards February, these three 'made in USA' coins stand out based on price structure, blockchain positioning, sentiment signals, and accumulation patterns.

Active trading on prediction markets regarding crypto price developments is taking place. Tens of millions of dollars have been wagered solely on Bitcoin's January price, and high-volume contracts are also being made for Ethereum, XRP, and Solana.

The concentration of capital in short-term price betting has raised concerns about the future of cryptocurrencies. These circulating, binary bets suggest that the sector is increasingly viewed as a speculative betting venue rather than a long-term investment asset.

MicroStrategy announced its latest Bitcoin purchase on January 26. In the fourth purchase this month, the company acquired Bitcoin for $264.1 million, at an average price of $90,061 per BTC.

The company's average acquisition cost for Bitcoin purchases is now $76,037. The purchase was made during a time when Bitcoin's price fluctuated significantly in January, dropping from over $95,000 at the beginning of the month to just above $80,000.

Details of the latest purchase and financing structure.

Altcoins are once again in the spotlight as a new sentiment flows through the cryptocurrency markets. While Bitcoin has not yet fully stabilized, altcoins are approaching their own ATH levels. These formations indicate growing investor confidence and the potential for explosive upward movements in the future.

BeInCrypto has analyzed three such altcoins that are near their all-time highs and may have the potential to reach them.

Rain (RAIN)

RAIN is moving in an expanding rising triangular pattern, indicating a bull market. The price continues to form higher peaks and troughs while maintaining support and resistance on the trend line. Currently, RAIN is consolidating below the upper resistance of the channel near its all-time high of $0.01009.

Meme coins had a tough week as selling pressure brought prices down across the sector. However, although the market was weak, sentiment indicators suggest a slowdown in declines and exhaustion of selling pressure.

BeInCrypto has analyzed three meme coins that are now showing the first signs of a possible reversal at the end of January as the sentiment stabilizes.

Want more token analysis? Subscribe to editor Harsh Notariyan's daily Crypto newsletter here.

Gigachad (GIGA)

Crypto markets often react less to fundamentals and more to the amount of attention. When the narrative peaks, the price only follows if volume and positioning confirm it. As the release of the Melania Trump document approaches on January 30, traders are watching whether the hype will transform into sustainable demand for MELANIA and TRUMP tokens or if interest will fade for both after the peak.

So far, the price movements of both Solana-based tokens indicate only early positioning, not yet strong confidence. Charts, volume data, and blockchain signals show that these tokens are at a critical point where mere sentiment may not be enough.