Trading

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On-chain data indicates that more than $1.25 billion in USDT was withdrawn from Binance in a single session, while the exchange's stablecoin reserves fell by nearly $1.7 billion over two days.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

A Bitcoin miner who earned rewards in 2010 has transferred 2,000 BTC, valued at nearly $200 million at prices close to $100,000 per coin, to Coinbase after 15 years of inactivity. On-chain data shows multiple whale selling waves since late 2024, including an 80,000 BTC move in July 2025 and several other dormant wallets reactivating. Analysts are debating whether these sales and cooling ETF inflows will disrupt Bitcoin’s historical four‑year cycle as institutional demand continues to expand.

XRP is trading just over $2 after an early January rally briefly reached $2.40, with the pullback holding above a flipped short‑term support. An inverse setup with the US Dollar Index around 99 has preceded major XRP advances, including a $3.65 peak in July. If the dollar weakens again, another leg higher could emerge; sustained strength may keep price consolidating near $2.

Bitcoin is trading within a tight range, with support around $90,500–$88,200 and a more defined zone at $90,588–$88,280. A daily close above $94,130, and later $98,200–$107,500 with $107,500 as a higher‑high trigger, would bolster the bullish case. Light weekend volume keeps $87,600 and $96,500 in focus as key levels.

Bitcoin is trading around $90,624 after a pullback from its strong start to the year, with analysts highlighting a potential resistance zone just below $100,000. On-chain data indicates that new whale buyers have an average cost basis close to $99,000, while long-term whales and miners hold at significantly lower levels near $39,681 and $58,681. This positioning suggests structurally bullish conditions, but also points to $99,000 as a critical level where profit-taking or breakeven selling could intensify.