So, Bitcoin hit $96,000 just as Donald Trump was busy sharpening his Twitter claws against Jerome Powell. The cryptocurrency didn’t just climb-it pole-vaulted over the $1.9 trillion market cap mark, dragging the entire crypto economy to $3.33 trillion. Because, you know, why not?
Key takeaways (or as we like to call ’em, the nuggets of wisdom in this financial haystack):
Spot trading, the honest laborer of the crypto world, managed to eke out a modest $18.6 trillion, a 9% increase from the previous year. But who’s counting? Certainly not the futures and perpetuals, which exploded to nearly $62 trillion, claiming a whopping 77% of the market’s activity. It’s like watching a tortoise try to keep up with a cheetah-pathetic, yet somehow endearing. 🐢🚀
Oh, the plot thickens! The price of XRP took a sharp detour this week, with long-term holders snapping up 720 million tokens between January 9 and 11, 2026. As if the crypto gods decided to throw a dramatic twist into our already chaotic tale!
Crypto analyst Scient, who clearly has a PhD in “Why Is This Happening?”, noted that SUI’s recent antics are “exactly where it should be.” The market, ever the drama queen, has pushed back above a key support zone, which previously acted as a “pivot area” (read: a place where the price nearly collapsed but decided to stay). This suggests the selloff was a “brief deviation” rather than a “structural breakdown,” which is just fancy jargon for “we’re still here, but don’t get too comfortable.”
Short-term holders (STHs) are now selling like they’re at a buffet and someone spilled the mashed potatoes. BTC’s below their average cost, so it’s time to panic or, y’know, find a new hobby. 🤢
This matter holds significance, for Ripple, in its sagacity, had long refrained from publicizing XRP. The rationale was straightforward: excessive discourse might have bestowed the SEC with a more formidable argument. How prudent of them, albeit with a dash of regretful restraint. 😕
Key Observations for the Astute Reader
From a macro lens, the daily chart reveals a sideways grind with a not-so-subtle bullish undercurrent. After rallying from approximately $84,000 to $94,800-a tidy 12.3% sprint-bitcoin has simmered into a stabilizing groove above the $91,000 mark. 🐢
With Bitcoin trading above $93,000 at the time of Santiment’s data release, many retail investors were observed reassessing their positions, calculating Bitcoin profits with the diligence of a man counting his coins before a journey. That reassessment appeared to drive profit-taking among smaller wallets, even as larger holders, those who have seen the ebb and flow of markets for decades, continued to increase exposure. 🐟