Traders Are Selling at a Loss?

DAILY MARKET OVERVIEW

When Holding Stops Working

👋 Hey, Crypto Enthusiasts! The market is still going nowhere fast. Bitcoin has slipped back under $90,000 and continues to move in a tight range.

The bigger issue isn’t the drop itself, it’s the lack of follow-through.

Every bounce has been short-lived, and buyers haven’t been able to hold control. Prediction markets now give a lower chance of Bitcoin making a new all-time high in 2026, which lines up with what price has been showing.

On-chain data tells a similar story. For the first time since 2023, more Bitcoin is being sold at a loss than at a profit.

That doesn’t mean a crash is guaranteed, but it does suggest confidence has weakened. People are quicker to exit, even if it means taking a loss.

Outside of crypto, money is behaving more defensively. Gold continues to push higher and is close to $5,000, while Ethereum remains well below that level. Markets are clearly more comfortable holding safety than taking risk right now.

Altcoins are still struggling. Most rallies get sold into quickly, while downside moves happen faster and with less resistance.

• Privacy coins did show notable strength earlier, but like the rest of the altcoin market, they’ve ultimately been pulled lower by the broader bearish conditions.

For now, the market feels reactive. Direction will likely come from macro events rather than anything happening inside crypto itself.

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SOCIAL SENTIMENT

Quantum Computing: Real Risk?

While prices remain quiet, one issue is starting to get more serious attention: quantum computing and crypto security.

Coinbase recently announced it is forming an independent advisory group to study how future quantum computers could affect blockchains like Bitcoin and Ethereum.

• The company stressed that this is not an immediate threat.

• Today’s quantum machines are not powerful or stable enough to break crypto security.

⌚️ The concern is timing.

Bitcoin and Ethereum rely on cryptography that could theoretically be broken by advanced quantum computers. If that ever happens, upgrading global networks would take years and require coordination between developers, miners, validators, exchanges, and users. Waiting until the threat is real would be too late.

• That is why Coinbase is acting early. The advisory group includes well-known cryptographers and quantum researchers, and their goal is to study risks, publish guidance, and help the industry prepare for long-term upgrades.

The broader takeaway is not fear, but planning. Crypto is reaching a stage where long-term security matters as much as price. Even if quantum computing remains a distant risk, the fact that major companies are preparing for it shows the industry is slowly maturing.

This does not move markets today, but it shapes how resilient crypto will be in the future.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Institutional Crypto Adoption Has Passed the Point of No Return, PwC Says
PwC says crypto is now embedded in payments and settlement workflows, with stablecoins moving from pilots into production across banks and asset managers.

Trump Sues JPMorgan, Rekindling Debanking Debate
Donald Trump sued JPMorgan over alleged account closures, reviving long-standing crypto industry claims of politically motivated debanking by major US banks.

Ledger Weighs US IPO at $4B+ Valuation
Hardware wallet maker Ledger is exploring a New York IPO that could value the firm above $4 billion amid rising demand driven by crypto security concerns.

Farcaster to Return $180M to Investors After Neynar Deal
Farcaster plans to repay all venture capital raised following its sale to Neynar, while confirming the decentralized social protocol will continue operating.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Gold Breaks out against Stocks! (23.01.2026 Summary)

Benjamin Cowen explains why gold breaking out against the stock market is a major regime shift, and why this environment continues to be difficult for stocks and crypto despite occasional rallies.

Key Points

• Gold is making new highs, but the more important move is gold outperforming stocks

• The S&P 500 is breaking down against gold, a pattern seen before major market shifts

• Cowen focuses on relative performance, not just price in USD

• Similar breakout structures appeared in Bitcoin dominance, commodities, and stablecoin dominance before long trends

• Once these relative breakouts happen, pullbacks tend to be temporary, not trend-ending

• Stocks tend to bleed against gold regardless of gold going up or down

• This mirrors crypto, where altcoins bled against Bitcoin in both bull and bear phases

• Selling strong assets to buy weak ones too early is a common mistake

• Metals are currently the leading asset class, not stocks or crypto

• Crypto is unlikely to bottom until gold first tops, corrects, and finds a low

• Based on past midterm years, Cowen expects gold to peak in the first half of the year and bottom in late Q3 or early Q4

Takeaway

Cowen’s view is straightforward: gold has entered a new leadership phase. Until that trend ends, stocks and crypto are likely to continue underperforming on a relative basis. Trying to front-run rotations has been costly, and history favors staying with what’s working rather than guessing when it will stop.

CoinBureau – What if Ethereum Goes to Zero? [The Terrifying Truth] (23.01.2026 Summary)

Coin Bureau breaks down a report from the Italian central bank that asks a scary question, what would actually happen if Ethereum collapsed, and whether that scenario is realistic or just theoretical.

Key Points

• Ethereum is core infrastructure for crypto, powering DeFi, stablecoins, and tokenized real-world assets

• The report argues that ETH price and network security are deeply linked

• Validators secure Ethereum because they’re incentivized by ETH rewards

• If confidence in ETH disappeared, validators could exit, weakening the network

• Fewer validators would make attacks cheaper and security worse

• In an extreme scenario, transactions could stop settling and assets would become stuck on-chain

• Stablecoins and tokenized assets could become targets, even if ETH itself became worthless

• Safeguards like unstaking delays slow the damage, but don’t fully prevent it

• Emergency options include asset freezes or hard forks, both controversial and confidence-damaging

Why Coin Bureau Thinks ETH Going to Zero Is Unlikely

• A 51% attack would require tens of billions of dollars in ETH

• Ethereum has close to 1 million validators, second only to Bitcoin in decentralization

• Validator demand is strong and exit queues are currently empty

• Institutions continue building on Ethereum due to liquidity, security, and developer depth

• Competing chains lack Ethereum’s combination of decentralization, uptime, and ecosystem dominance

Takeaway

The report highlights real systemic risks, but Coin Bureau’s conclusion is clear: Ethereum collapsing to zero is extremely unlikely. Confidence, decentralization, and institutional adoption remain strong, making ETH far more resilient than the headline suggests.

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