Zcash traded around $245 after losing the $300 support level, with price action drifting toward the $240–$244 area that now forms a key short-term floor. If this zone fails to hold, the next potential downside region sits in the $200–$210 band, while any rebound faces resistance between $260 and $280 and a major hurdle at $300.

Retail credit withdrawals on NEXO fell from $136.63 million in January 2025 to $22.04 million by November, then stabilized near $23.957 million in December 2025 and $23.965 million in January 2026. According to CryptoQuant/X, Aave's ETH borrowing peaked near 1.2 million in mid-2025 before easing toward 300,000 by early 2026, while NEXO broke below $0.901–$0.947.

Bitcoin’s correction intensified as leverage reset and Open Interest declined sharply. More than $5 billion was liquidated in four days, with price sliding to about $77,700 and weekly liquidations near $1.6 billion; a rebound toward $80,000 could trigger around $1 billion in short liquidations.

On 24 January, Nietzschean Penguin (PENGUIN) spiked from under $0.01 to a $0.167 all-time high before sliding about 75% to the $0.037–$0.042 area. A wallet "8cgRT" exited with a $92,700 loss after $305,300 in buys as momentum reversed. Fixed 1 billion supply and over 45,000 holders by late January 2026 did not halt the decline.

Bitcoin fell below the $76,000 long-term realized cost basis over the weekend, a level built over roughly 27 months of accumulation and seen as structurally important. The move, driven by ETF outflows, tighter liquidity and defensive derivatives positioning, pushed price to stabilize near $78,000 while traders now watch $80,000 as the first upside reclaim target.

Crypto ETFs saw a $1.7 billion weekly net outflow, the biggest since mid-November, with cumulative three-month outflows at $2.6 billion. Bitcoin products led with about $1.1 billion redeemed, followed by Ethereum at $630 million and XRP at $18 million. On 29 January and the next day, outflows reached $817 million and $510 million, marking four straight redemption days.

According to Paolo Ardoino on X, USDT expanded by $50 billion in 2025, underscoring demand outside traditional banking. Tether.io's Q4 2025 report showed $192.8 billion in assets against $186.5 billion in liabilities, a $6.3 billion surplus, with reserves anchored by U.S. Treasuries and a network built for low-friction settlement.

Avalanche's RWA total value locked stood at $1.3 billion, with subnet architecture and compliance features attracting institutional participation. In Q4 2025, BlackRock expanded its $500 million BUIDL fund on Avalanche, while daily C‑Chain transactions reached 2.1 million amid growing RWAs, gaming, and enterprise activity.

Solana has been processing around 40% of L1 transaction throughput while memecoin-driven activity surges, maintaining stable TPS between roughly 2,000 and 5,000 without lasting degradation. High speculative usage has translated into more than $110 billion in 30‑day DEX volume and about $145 million in app revenue, underscoring both scalability and economic capture.