In the fast-paced world of medical technology, we often look for the “next big thing” in the form of a gadget. We look for a shiny new robot, a laser, or an AI algorithm. And while those tools are incredible—and we certainly use them—the true innovation in spinal healthcare isn’t just hardware. It’s human capital. It is the convergence of disciplines that were once kept separate.
At Vertrae®, we believe the future of spine surgery relies on a new breed of physician: the Hybrid Surgeon. I founded this practice not just to perform surgeries, but to prove that when you combine the microsurgical precision of neurosurgery, the structural engineering of orthopedics, and the efficiency of modern business management, the patient wins every time. My journey from Loma Linda to Cedars-Sinai, and finally to Johns Hopkins, wasn’t a random path. It was a calculated blueprint to build a better way to treat the spine.
Breaking Down the Silos: Neuro vs. Ortho
For decades, patients with back pain faced a confusing choice. If they had nerve pain, they were told to see a neurosurgeon. If they had a deformity or structural issue, they were sent to an orthopedic surgeon. The medical education system kept these two worlds largely separate.
I realized early in my career that the spine does not care about our academic silos. It is a complex ecosystem where nerves and bones are inextricably linked.
To treat one without mastering the other is to do the patient a disservice. This realization drove me to pursue a rigorous Neurosurgery Residency at Loma Linda University Medical Center, followed by a specialized Combined Orthopedic & Neurosurgery Spine Fellowship at Cedars-Sinai Medical Center in Los Angeles.
This unique, dual-training background allows us to speak both languages. We can protect the delicate neural structures with the finesse of a brain surgeon while reconstructing the spinal column with the mechanical understanding of an orthopedist. The innovation here is the holistic view—seeing the patient not as a “nerve case” or a “bone case,” but as a complete biomechanical system.
The MBA Advantage: Engineering the Patient Experience
You might ask, “Why does a brain and spine surgeon need an MBA from Johns Hopkins?” It’s a fair question. Medical school teaches us how to save lives, but it rarely teaches us how to value a patient’s time.
I attended the Johns Hopkins Carey Business School because I saw a disconnect between the quality of American surgery and the quality of American healthcare delivery. We have the best operating rooms in the world, yet patients often feel lost in a maze of paperwork, long wait times, and confusing billing. I view the practice of medicine through an operational lens. We apply business principles to eliminate friction. We use technology not just in the OR, but in the waiting room, ensuring that your journey from diagnosis to recovery is seamless. The “innovation” is a practice that respects you as a guest, not just a medical record number.
Robotic Precision: The New Standard of Safety
Of course, we cannot talk about innovation without talking about the tools themselves. At Vertrae®, we have embraced the robotic revolution.
Robotic-assisted spine surgery is akin to the shift from flying by sight to flying by GPS. It allows us to plan your surgery on a computer screen before we ever make an incision.
During the procedure, the robotic arm guides our instruments to the exact trajectory we planned, often with sub-millimeter accuracy. This precision allows for smaller incisions, less muscle disruption, and faster recovery times. It transforms major surgery into a more predictable, minimally invasive event.
Empowering Patients Through Knowledge
Finally, we believe that the most powerful tool in our arsenal is an educated patient. Fear comes from the unknown. When you are in pain, the anxiety can be paralyzing. We strive to demystify the process. Whether it is explaining the difference between a bulging disc and a herniated disc, or discussing the realistic timeline for pinched nerve healing, we want you to understand the “why” behind the “what.”
We don’t hoard knowledge; we share it. We want you to know that the vast majority of spinal issues do not require surgery. We want you to understand your body’s incredible capacity to heal when given the right support.
Conclusion
The future of spinal care is here in Dayton. It is high-tech, high-touch, and deeply human. It is the result of years of training across multiple disciplines, all focused on one singular goal: getting you back to the life you love.
If you are looking for a team that combines elite surgical training with a modern, compassionate approach, we are ready to serve you. At Vertrae®: Kamal Woods, MD, MBA, FAANS, we are redefining what it means to heal. Let’s move forward, together.
Bitcoin (BTC) extended its weakness into the low-liquidity weekend trading session, with BTC slipping to a five-week low of $86,000 on Sunday. The cryptocurrency could potentially retest its macro low of $66,000 over the coming weeks, a key support level from November 2024.
Key takeaways:
Bitcoin dropped below $87,000 on Sunday as its momentum weakened.
The Coinbase Premium hit a 12-month low, reflecting strong US spot Bitcoin selling pressure.
Bitcoin’s bearish setup targets a $66,800 BTC price.
Bitcoin faces stronger selling pressure in the US
The Bitcoin Coinbase Premium Index, which tracks the price difference between BTC on Coinbase and Binance, flipped red in mid-December 2025, dropping as low as -0.17. The last time the index was this low was in December 2024.
Related: BTC price ‘bottoming phase’ ends: Five things to know in Bitcoin this week
Even during short-term rebounds, BTC trades at a steady discount on Coinbase versus other major exchanges. The index has stayed negative for more than five weeks now (see the chart below).
“The Coinbase Premium continues to drop sharply and widen, indicating significantly stronger BTC selling pressure on Coinbase compared to other exchanges,” derivatives data provider CoinGlass said in an X post on Monday.
The Coinbase Premium Index is “firmly below zero, showing continued sell pressure from U.S. spot flows,” CryptoQuant analyst TeddyVision said in a recent QuickTake analysis.
Historically, a prolonged negative Coinbase Premium has been associated with “capital moving away from US exchanges, and little evidence of aggressive dip-buying by long-term holders,” the analyst said, adding:
“Until the premium stabilizes and turns positive, the upside remains fragile.”
When the index stayed predominantly negative between Dec. 18, 2024 and Jan. 5, 2025, it was accompanied by an 18% price drop over the same period.
Similarly, the index stayed negative between February 2025 and April 2025, leading to a 32% BTC price drop to $74,500 on April 7, 2025, from its previous all-time high of $109,000.
If US spot demand continues to fade, market participants may see a similar drawdown in BTC price over the coming weeks or months.
Additionally, institutional demand has declined sharply, with US-based spot Bitcoin ETFs recording about $1.72 billion in outflows over the last five days.
Coupled with more than $1.7 billion in outflows from crypto investment products last week, this points to a persistent bearish sentiment across the market.
How low can Bitcoin price go?
Veteran trader Peter Brandt flagged a “sell signal” after the BTC/USD pair confirmed a bearish technical pattern.
“Yet another sell signal in Bitcoin as a bear channel has been completed,” Brandt said in an X post on Monday.
Brandt’s chart points to more downside risk if the price does not reclaim $93,000 level as support.
“The price needs to reclaim $93K to negate.”
BTC/USD daily chart. Source: Peter Brandt
The measured target of the pattern, calculated by adding the height of the initial drop to the breakout point at $90,000, is $66,800, representing a 22% decline from the current price. This level also roughly aligns with previous BTC price highs from 2021 and 2024.
As Cointelegraph reported, the area between $80,000 and $84,000 remains a key support zone for Bitcoin, and holding it is crucial to avoiding further losses.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
A sharp drop in the Bitcoin blockchain’s hashrate, down 10% on Sunday, during this week’s U.S. winter storm, is offering a real-time stress test of a concern long flagged by researchers: mining centralization has turned local infrastructure failures into system-level risks.
Hashrate is the amount of computing power available to process transactions required to keep the Bitcoin blockchain running at any given moment. When it drops sharply, the network has less room to process transactions, increasing the risk of delays before the difficulty resets.
(CoinWarz)
While the Bitcoin blockchain continued to operate through the storm – as only 10% of the blockchain’s hashrate went offline – a growing body of academic research suggests its exposure to such events has grown.
In a 2021 working paper, Bitcoin Blackout: Proof-of-Work and the Risks of Mining Centralization, researchers Philipp Scharnowski and Jiahua Shi found that a regional mining outage in China in 2021 led to longer block times, higher transaction fees, and degraded market quality, showing how concentrated mining can turn local power failures into network-wide disruptions.
That research helps contextualize why rising concentration in BTC mining matters, as block production has increasingly clustered among a handful of dominant pools.
The Mining Centralization Index indicates that block production is now dominated by a small number of pools, reducing the network’s ability to absorb localized shocks.
(Mining Centralization Index/mainnet.observer)
Over the past two years, the top two mining pools have often controlled more than 50% of Bitcoin’s hash rate, while the top six pools have consistently accounted for roughly 80% to 90% of all blocks, leaving much of the network’s transaction processing in the hands of a few operators.
For now, markets appear unfazed, as BTC barely moved on the day, but the episode highlights how the Bitcoin blockchain’s growing mining concentration can turn physical infrastructure failures into system-level stress without immediately showing up in the price.
By Francisco Rodrigues (All times ET unless indicated otherwise)
Bitcoin is struggling to hold ground as concerns over the strength of the yen and fiscal instability drove a divergence between crypto and traditional safe-haven assets.
Bitcoin fell 0.8% in 24 hours to sit below $88,000, and ether lost more than 1.6% to just under $2,900. The broader CoinDesk 20 (CD20) index retreated 1.54%.
The yen, meantime, rallied more than 1.4% against the dollar after Prime Minister Sanae Takaichi said Japan would “take all necessary measures to address speculative and highly abnormal movement.”
While Takaichi didn’t identify the market movements of concern, yields on the country’s 10-year bonds have this month reached a 27-year high before seeing a slight drop.
Traders are also interpreting a recent “rate check” by the Federal Reserve Bank of New York as a possible sign of coordinated action with Japan, a scenario that’s pushing investors off of riskier assets as the yen carry trade unwinds.
Michael Burry, the investor who profited off of the subprime mortgage crisis by shorting the market, that is, betting on a decline, recently pointed to Japanese bond yields closing the gap with global rates, commenting “repatriation pending.”
The suggestion is that nearly $5 trillion of overseas investments, mostly in the U.S., would be pulled back to take advantage of these yields. Capital has, as a result, fled risk assets in expectation of such a move. The Nikkei 225 index dropped 1.8%, while Nasdaq and S&P 500 futures fell.
That capital hasn’t rotated to bitcoin, however, but rather to gold. The precious metal topped $5,000 per ounce for the first time earlier today, and is already at $5,090. Bitcoin’s always-on nature, deep liquidity and instant settlement may be holding it back, according to NYDIG’s global head of research, Greg Cipolaro.
“Under periods of stress and uncertainty, liquidity preference dominates, and this dynamic hurts bitcoin far more than gold,” he wrote in a note shared with CoinDesk.
Blockchain data also suggests internal weakness. CryptoQuant said in a report that older bitcoin holders are starting to sell at a loss for the first time since October 2023.
Traders will be watching this week’s Federal Reserve meeting, where interest rates are expected to stay put, though Chair Jerome Powell’s guidance will be key.
Furthermore U.S. government shutdown risks, currently pegged at 79% on Polymarket and near 78% on Kalshi, add another layer of uncertainty ahead of a week that’ll see major tech firms report earnings and share guidance. Stay alert!
Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today
What to Watch
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.
Crypto
Macro
Jan. 26, 8:30 a.m.: U.S. Durable goods orders MoM for November (Prev. -2.2%)
Jan. 26, 10:30 a.m.: U.S. Dallas Fed manufacturing index for January (Prev. -10.9)
Earnings (Estimates based on FactSet data)
Token Events
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.
Governance votes & calls
Maple Finance is voting on extending the 25% protocol revenue allocation to the Syrup Strategic Fund for first-half 2026. Voting ends Jan. 26.
Lido is voting to implement a dynamic DVT incentive model that adjusts reward splits based on operating costs, alongside reforming the Rewards Share Committee to support Lido V3 features like stVaults. Voting ends Jan. 26.
Unlocks
Jan. 26: BGB$3.5757 to unlock 10.5% of its circulating supply worth $508.2 million.
Token Launches
Jan. 26: Rainbow (RBNW) airdrop snapshot to be taken.
Conferences
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.
Market Movements
BTC is down 1.5% from 4 p.m. ET Friday at $87,928.03 (24hrs: -0.67%)
ETH is down 1.5% at $2,897.28 (24hrs: -1.31%)
CoinDesk 20 is down 2.05% at 2,681.29 (24hrs: -1.34%%)
Ether CESR Composite Staking Rate is down 2 bps at 3.05%
BTC funding rate is at 0.0051% (5.5856% annualized) on Binance
DXY is down 0.92% at 97.46
Gold futures are up 1.42% at $4,983.10
Silver futures are up 7.15% at $103.26
Nikkei 225 closed down 1.79% to 52,885.25
Hang Seng closed unchanged at 26,765.52
FTSE is unchanged at 10,143.44
Euro Stoxx 50 is down 0.13% at 5,948.20
DJIA closed on Friday down 0.58% at 49,098.71
S&P 500 closed unchanged at 6,915.61
Nasdaq Composite closed up 0.28% at 23,501.24
S&P/TSX Composite closed up 0.43% at 33,144.98
S&P 40 Latin America closed up 1.5% at 3,591.57
U.S. 10-Year Treasury rate is down 2.8 bps at 4.211%
E-mini S&P 500 futures are down 0.16% at 6,933.75
E-mini Nasdaq-100 futures are unchanged at 25,680.50
E-mini Dow Jones Industrial Average Index futures are down 0.76% at 49,180.00
Bitcoin Stats
BTC Dominance: 59.79% (-0.13%)
Ether-bitcoin ratio: 0.03294 (1.31%)
Hashrate (seven-day moving average): 951 EH/s
Hashprice (spot): $39.17
Total fees: 1.93 BTC / $169,938
CME Futures Open Interest: 124,740 BTC
BTC priced in gold: 17.2 oz.
BTC vs gold market cap: 5.87%
Technical Analysis
BTC faces stiff resistance after a weekly close below $88,000 and a rejection at the 50-week exponential moving average of $96,700
Unless it reclaims $88,000, the market will probably transition into a consolidation range between $80,000 and $88,000 as near-term volatility prices in this local uncertainty before a broader breakout attempt.
Crypto Equities
Coinbase Global (COIN): closed on Friday at $216.95 (-2.77%), -2.25% at $212.06 in pre-market
Circle Internet (CRCL): closed at $71.33 (-0.03%), -2.29% at $69.70
Galaxy Digital (GLXY): closed at $31.90 (+3.17%), -2.51% at $31.10
Bullish (BLSH): closed at $35.75 (-2.00%), -0.73% at $35.49
MARA Holdings (MARA): closed at $10.50 (+2.04%), -2.10% at $10.28
Riot Platforms (RIOT): closed at $17.28 (+1.17%), -1.79% at $16.97
Core Scientific (CORZ): closed at $18.79 (+3.93%), -1.33% at $18.54
CleanSpark (CLSK): closed at $13.71 (+3.94%), -2.26% at $13.40
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $49.14 (+4.71%), -1.59% at $48.36
Exodus Movement (EXOD): closed at $14.99 (-4.83%)
Crypto Treasury Companies
Strategy (MSTR): closed at $163.11 (+1.32%), -2.33% at $159.31
Strive (ASST): closed at $0.87 (+0.06%), -1.78% at $0.85
SharpLink Gaming (SBET): closed at $9.75 (-0.31%), -2.56% at $9.50
Upexi (UPXI): closed at $2.00 (+1.01%), -4.50% at $1.91
Lite Strategy (LITS): closed at $1.27 (-3.79%)
ETF Flows
Spot BTC ETFs
Daily net flows: -$103.5 million
Cumulative net flows: $56.48 billion
Total BTC holdings ~1.29 million
Spot ETH ETFs
Daily net flows: -$41.7 million
Cumulative net flows: $12.33 billion
Total ETH holdings ~6.02 million
Source: Farside Investors
While You Were Sleeping
As Europe’s Reliance on U.S. Natural Gas Grows, So Does Trump’s Leverage (The New York Times): Tension over Greenland prompted concerns that the Trump administration could turn the U.S. oil and gas industry into a way to pressure Europe.
Dollar Hits Four-Month Low as Gold Tops $5,000 (Bloomberg): The dollar extended its selloff on Monday as speculation swirled that the U.S. could coordinate intervention with Japanese authorities to support the yen. Stocks pulled back, while gold topped $5,000 an ounce.
India to slash tariffs on cars to 40% in trade deal with EU, sources say (Reuters): India plans to slash tariffs on cars imported from the European Union to 40% from as high as 110%, in the biggest opening yet of the country’s market as the two sides close in on a free trade pact that could come as early as Tuesday.
The odds of another government shutdown spiked on Polymarket after recent unrest in Minnesota prompted Democrats to oppose a funding bill that would bundle DHS funding with the budgets of other federal agencies. Senate Minority Leader Chuck Schumer said he would vote no if the bill were presented in that manner. Polymarket Odds of Government Shutdown Rise […]
Bitcoin (BTC) may face another sharp sell-off if growing talk of a Japanese yen (JPY) intervention turns into action, with past intervention episodes coinciding with 30% drawdowns in BTC price.
Key takeaways:
Past Japanese yen shocks saw BTC drop about 30%, and then recover by over 100%.
Onchain data says the Bitcoin bottom is not yet confirmed.
Bitcoin’s yen fractal shows 30% drawdowns before rebounds
A yen intervention is when Japan’s authorities step into the forex market to influence the currency, most commonly by selling dollars and buying yen to slow a rapid yen slide.
Over the weekend, markets were on alert after reports that the New York Fed conducted “rate checks” in USD/JPY, often treated by FX traders as a prelude to coordinated action.
That followed official comments emphasizing close US-Japan coordination on currencies.
In the two prior intervention windows, BTC sold off by about 30% from local highs before forming a base, due to the unwinding of the “yen carry trades.”
BTC/USD daily price chart. Source: TradingView
In both cases, the post-shakeout recovery eventually extended into a rally of 100% or more.
“The same scenario is about to occur now,” said analyst Mikybull Crypto, adding that the BTC price “will first dump and rally afterward.”
Bitcoin risks declining toward the $65,000–$70,000 range if the yen fractal plays out as intended.
Bitcoin onchain metrics reinforce bearish outlook
Bitcoin has not reached full capitulation and is yet to form a “true bottom,” according to data resource Alphractal.
One of the indicators behind that view is net unrealized profit/loss (NUPL), which tracks whether Bitcoin holders are sitting on paper gains or paper losses.
As of Monday, NUPL was falling but still above zero, meaning the market remains net “in profit,” even after the recent drawdown.
Bitcoin NUPL vs. price chart. Source: Alphractal
In past cycles, Bitcoin’s bottoms tended to form only after NUPL turned negative. The flip signaled that most holders were underwater, and selling pressure was largely washed out.
As Cointelegraph reported, the supply in profit is currently 62% — the lowest level since September 2024, when Bitcoin traded at around $30,000.
At the same time, Bitcoin’s delta growth rate turned negative.
Bitcoin’s delta growth rate vs. price chart. Source: Alphractal
The metric compares Bitcoin’s market value with its realized value.
A drop below zero suggests price is slipping toward (or below) the network’s aggregate cost basis, signaling a market that is cooling and moving away from speculation and into accumulation.
In simple terms, the data suggests the market is cooling and still vulnerable to another drawdown before a durable bottom is set.
Related: CZ rules out return to Binance, predicts 2026 Bitcoin supercycle
Alphractal said the process can be painful but often sets up “generational buying opportunities,” a view that fits with the yen-intervention fractal.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Bitcoin trembles at $87,000, down 5% over the past week.
Deadly Minneapolis shooting sparks federal shutdown fears.
Polymarket bettors see 78% chance of a federal shutdown.
The deadly shooting in Minneapolis on Saturday risks triggering a government shutdown that will push down Bitcoin’s price further, analysts say.
Senate Democrats vowed to block a funding bill for the Department of Homeland Security.
Bettors on prediction market Polymarket now anticipate a 78% chance for a shutdown after another fatal immigration raid sparked nationwide protests.
That’s bad news for cryptocurrency prices.
“As seen during the October shutdown, this dynamic is negative for liquidity,” analysts David Brickell and Chris Mills of the London Crypto Club said in their weekly newsletter.
October and November’s record 43-day government shutdown devastated markets as key US agencies responsible for data and oversight were left “flying blind,” the White House said.
The rising tensions on Capitol Hill adds another element of uncertainty to markets already beleaguered by US President Donald Trump’s aggressive foreign policies and his campaign to bring the Federal Reserve to heel.
The value of the dollar dipped another 0.5% over the weekend as traders dumped exposure to US assets, Bloomberg data reveals.
Safe havens
Investors have responded to the market uncertainty by rushing to safe haven assets.
Gold surged past $5,000 per ounce and silver set a new historical price record at over $100 per ounce over the weekend.
Bitcoin has not enjoyed the same surge despite maxis’ oft-quoted view that the top cryptocurrency will function as a safe haven asset. Instead, it fell 3% down to just over $86,100 over the past 24 hours. It has recovered slightly since, but is still down over 5% over the past week.
Exchange-traded funds backed by Bitcoin have seen $117 million in net outflow in January, the third consecutive down month, DefiLlama data shows.
And there are still more Bitcoin sellers than buyers at these levels, which has a negative impact on price, Brickell and Mills said.
“Demand remains insufficient to absorb selling from short-term holders who bought near the highs and are now distributing into rallies,” they wrote.
To be sure, the pair do see some upside.
“The macro backdrop remains broadly supportive: disinflation is progressing, growth remains resilient, and global liquidity dynamics are turning more favourable,” they said.
Investors dumping exposure to US assets isn’t the only thing driving up the price of gold and other metals, according to Ed Yardeni, president of Yardeni Research.
“This is all happening because rising geopolitical tensions are driving a military arms race, and defence companies need metals to increase their output,” he wrote.
Metals companies’ share prices are soaring as well, he said.
“Also boosting metals prices is the geopolitical AI arms race, which is escalating capital spending on technology,” he said.
Crypto market movers
Bitcoin is down 0.4% over the past 24 hours, trading at $87,889.
Ethereum is down 0.7% past 24 hours at 2,906.
What we’re reading
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at lance@dlnews.com.
Entropy founder Tux Pacific says the startup is winding up and will return capital to investors. Entropy founder and CEO Tux Pacific announces winding up the company effective after four years of operation, several pivots and two rounds of layoffs, and says the team worked through the latter half of 2025 on a crypto automations […]
The Fintech Times is the world’s first and only newspaper dedicated to fintech.
Published Bimonthly, the Fintech Times explores the explosive world of financial technology, blending first hand insight, opinion and expertise with observational journalism to provide a balanced and comprehensive perspective of this rapidly evolving industry.
Bitcoin (BTC) heads into the January close in dangerous territory as macro volatility factors ramp up.
Bitcoin closes the week below key support in a move that opens the door to new lows.
FOMC week dawns, but markets are focused on Japan, tariffs and geopolitical instability.
Precious metals smash historic records while crypto fails to match them.
Bitcoin short-term holders show signs of record capitulation at current price levels.
“Tactical” Bitcoin selling pressure is ongoing, with liquidity able to absorb the distribution.
BTC price analysis sees new lows
Bitcoin dropped to $86,000 around Sunday’s weekly close — a target already on the radar for traders.
Data from TradingView showed buyers defending that level into the week’s first Asia trading session, with $90,000 still out of reach.
“There’s so much volatility ahead of us coming week. Not only on the Bitcoin & Crypto markets, but also in forex, commodities & bond markets,” crypto trader, analyst and entrepreneur Michaël van de Poppe said in a post on X.
“Crypto is preparing for the worst, hence the deep selloff and that’s why I think coming week brings a generational opportunity across the board.”
After closing the week below $86,500, BTC/USD is in a thoroughly bearish position, per Material Indicators cofounder Keith Alan.
In his latest analysis, Alan warned of consequences in the event of a weekly close under the 2026 yearly open level near $87,500 and the 100-week simple moving average (SMA) at $87,250.
“Wicks don’t count, it’s the close that matters,” he added in a separate post showing exchange order-book liquidity data and whale orders.
Data from monitoring resource CoinGlass confirmed 24-hour cross-crypto liquidations of nearly $750 million at the time of writing.
Crypto liquidation history (screenshot). Source: CoinGlass
“Based on Bitcoin losing the mid-range; HTF liquidations to the downside; and the possible US Gov. shutdown, we still think that the most likely scenario is that Bitcoin drops back to low $80s in the coming weeks,” trader CrypNuevo forecast over the weekend.
BTC/USDT one-day chart. Source: CrypNuevo/X
In a bold prediction, meanwhile, trader, analyst and commentator BitQuant went on record to announce an inflection point for BTC price action.
“The coming week is significant in that it marks the end of the bottoming phase,” he told X followers.
BitQuant retains the view that a long-term high for Bitcoin has not yet been reached, with this due at $145,000.
Fed to conduct first FOMC meeting of “wild year”
The Federal Reserve’s decision on interest rates forms the week’s key macroeconomic event, but traders have multiple volatility sources to contend with.
These include worries over the Japanese economy and the Fed’s move to buy yen, along with international trade questions still hanging in the air.
On Wednesday, the Federal Open Market Committee (FOMC) will announce any changes to its benchmark rate, with Chair Jerome Powell delivering guidance in an accompanying speech and press conference.
Markets will be watching Powell’s language in particular for signs of policy change. Expectations for the meeting itself have long been that rates will stay the same.
Fed target rate probabilities for Wednesday FOMC meeting (screenshot). Source: CME Group FedWatch Tool
At the same time, tensions between him and US President Donald Trump remain, along with a legal investigation into Fed building renovations that Powell dismissed as a pretext for changing his policy trajectory before his imminent replacement.
“The Chief Investment Officer of BlackRock is now expected to be the next Fed Chair. And, Trump says cutting rates is a ‘requirement’ for the next Fed Chair and is actively calling for 1% interest rates. 2026 is going to be a wild year,” trading resource The Kobeissi Letter commented on X.
Macro data itself has given mixed signals over US inflation. Regardless, stocks continue to enjoy a strong start to 2026, while crypto languishes.
“Loose monetary policy and an expanding global money supply are key drivers behind bullish financial conditions. But if those conditions also deliver stronger than expected economic growth, inflation could become more problematic in the year ahead,” trading outfit Mosaic Asset Company wrote in the latest edition of its regular newsletter, The Market Mosaic.
“Core measures of consumer inflation have remained near the 3% level on a year-over-year basis, with the disinflation trend since mid-2022 stalling out well above the Fed’s 2% inflation target.”
Global liquidity conditions. Source: Mosaic Asset Company
Mosaic warned that a rebound in inflation this year would trigger moves seen during the 1970s.
This week, meanwhile, will also see the December print of the Producer Price Index (PPI). November’s release came in above expectations.
“World is waiting on crypto” as gold, silver boom
In a predictable milestone, gold and silver crossed historic thresholds to start the week, passing the $5,000 and $100 marks, respectively.
XAU/USD reached $5,111 per ounce, with XAG/USD hitting $110 for the first time during Monday’s Asia trading session.
The relentless rise in precious metals continues as Bitcoin and altcoins fail to catch a bid, having been stuck in a narrow range for several months.
That inverse relationship is now beginning to make waves beyond the crypto trading community.
“Where is Bitcoin?” The Kobeissi Letter queried in a dedicated X post on the phenomenon.
“Silver prices are now outperforming Bitcoin by one of their widest margins on record. In ~13 months, Silver is up +270% as Bitcoin has fallen -11%. This makes Silver’s market cap 3.5 TIMES larger than Bitcoin. The world is waiting on crypto.”
BTC/USD vs. CFDs on silver % change. Source: The Kobeissi Letter/X
Kobeissi suggested that the threat of another US government shutdown, which it described as “likely,” was “adding fuel to the fire” across precious metals.
Van de Poppe captured the pro-crypto mood around BTC versus gold.
“Bitcoin vs. Gold is the cheapest it has ever been. At least, the gap between the two has never been this big in terms of fair value. The 2-Week RSI is the lowest ever. Lower than in 2022, lower than in 2018,” he wrote Sunday.
“It doesn’t make sense to be valuing an asset like Bitcoin against the dollar, it makes sense to value Bitcoin against other assets, in this case Gold. In that aspect, Gold is expensive, Bitcoin is super cheap.”
BTC/USD vs. gold two-week chart with RSI, volume data. Source: Michaël van de Poppe/X
At the same time, Van de Poppe revealed an unprecedented potential bullish divergence on BTC/XAG.
“What does this say? This does say that the coming week is going to be extremely volatile and could indicate a bottom on this metric and therefore, Silver is likely to peak and money is likely rotating towards other assets,” he said.
BTC/XAG three-day chart with RSI, volume data. Source: Michaël van de Poppe/X
Short-term holders panic at a loss
BTC price action may be rangebound, but onchain activity shows that newer investors are as sensitive as ever to sudden moves.
Uploading data to X from onchain analytics resource Checkonchain, the analytics account named after famous economist Frank Fetter wrote that loss-making trades were making history.
“Short-term holders are realizing losses at historic levels on the bitcoin CRASH to $86k,” it said.
The data showed the realized profit/loss ratio for Bitcoin’s short-term holder (STH) cohort — the group of wallets holding a given amount of BTC for six months or less.
The proportion of transactions from STH wallets in which BTC was moving at a lower price than that at which it last moved was higher than ever. The ratio was lower than during the 2022 bear market bottom, when BTC/USD hit $15,600 after a near 80% drop from its old 2021 all-time highs.
Bitcoin STH realized profit/loss ratio. Source: Frank A. Fetter/X
Continuing, onchain analytics platform CryptoQuant confirmed that the overall BTC supply had crossed a bearish profit threshold of its own.
Supply in profit stood at 62% — the lowest level since September 2024, when Bitcoin traded at around $30,000.
“When Bitcoin Supply in Profit drops below 70% and fails to recover above 80%, it is historically a sign of a potential further decline and often a confirmation of a bear market,” contributor El Crypto Tavo wrote in an accompanying Quicktake blog post.
BTC supply in profit. Source: CryptoQuant
Bitcoin selling “genuine but controlled”
Discussing the weekend’s drop to $86,000, CryptoQuant appeared unalarmed.
Related: GameStop ‘likely to sell’ Bitcoin holdings, Ethereum preps for quantum: Hodler’s Digest, Jan. 18 – 24
Analyzing volume delta on exchange order books, contributor Arab Chain argued that the market was not experiencing a rush for the exit.
Volume delta reached a relatively modest $59.6 million on Binance during the dip, indicating only slight dominance of sellers over buyers.
“Numerically, this represents significant selling pressure; however, its true significance becomes apparent when compared to price action,” Arab Chain explained.
“Despite this large negative figure, no sharp price collapse was observed, indicating strong liquidity absorption within the order book.”
Bitcoin buy-side pressure vs. BTC/USD (screenshot). Source: CryptoQuant
Volume delta z-score readings, it added, represented “short-term tactical selling pressure rather than a phase of panic or widespread forced liquidation.”
Last week, Cointelegraph reported on split intentions among the professional Bitcoin investor base amid unclear price trends heavily influenced by external factors.
“These values reflect genuine but controlled selling pressure, characterized by elevated selling liquidity, limited imbalance, and moderate statistical deviation,” Arab Chain concluded.
“This combination often defines rebalancing phases, during which momentum temporarily weakens without a breakdown in market structure.”
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