The risks of an extended February correction in digital gold remain high. The negative technical setup coincides with rising activity from large market participants.
Coinbase released an analytical note outlining key levels for Bitcoin ($BTC). David Duong from the company’s investment research group highlighted two critical short-term levels: according to him, the strongest support base is at $60,000, while the first major ceiling stands at $82,000.
The cryptocurrency $XRP has entered a sharp downtrend, losing nearly a quarter of its value over the past week. The current decline has placed the asset in a vulnerable position, breaking typical historical recovery patterns.
On February 5, the price of the leading cryptocurrency fell to $70,119 — its lowest level since October 2024. Ethereum followed the flagship asset, dropping to $2,079.
The collapse in Bitcoin’s price has changed the market situation: bets on its decline are now traded as actively as bets on its rapid rise above $100,000.
While the cryptocurrency market is digesting Bitcoin’s pullback below $80,000, XRP trading volume increased by more than 74%. Alongside this, the number of futures position liquidations also rose.
While analysts mostly focus on Bitcoin or individual altcoins, the structure of the total cryptocurrency market capitalization is approaching a critical threshold in January. Signs of weakening liquidity indicate how fragile this structure has become.
On Monday, January 26, the price of Zcash fell to a two-month low of $326. However, over the past day, the cryptocurrency has partially recovered its losses and is now fluctuating around $368. At present, there are prerequisites for further growth.
Bitcoin’s price fell below $90,000, with the intraday trading range fluctuating between $87,304 and $90,295, indicating a tense standoff between buyers and sellers. The market is on the verge of determining its direction.
The current recovery in Bitcoin (BTC) prices at the beginning of 2026 may prove to be short-lived. New analytical data point to increasing potential selling pressure. Under such conditions, investors holding long positions should take into account the risks of a trend reversal.
Ethereum (ETH) is trying to break out of a bearish trend. The cryptocurrency is trading near $3,016, rising by about 2.3% over the past 24 hours. The coin is less than 2% below a key level that could reverse the trend.
has lost about 4% of its value. Buyers activate with every dip, but recovery attempts consistently fade within a narrow range. Analysis of on-chain metrics revealed a clear reason why the price cannot overcome the current resistance.
XRP bulls successfully defended the critical $1.77 support level, triggering a 5.5% relief rally after retesting the lows set during the Crypto Flash crash on October 10.
Ethereum is currently trading around $2,950, stabilizing after a sharp rejection from the $3,100 zone earlier this week. The rebound followed a drop to the $2,750–$2,800 zone, where aggressive bids forced short-term sellers to retreat. While the bounce offers short-term relief, Ethereum remains capped below key EMA resistance, maintaining pressure on the broader structure ahead of December 20.
U.S. inflation data came in far better than expected — marking the strongest “undershoot” versus forecasts in recent months. But instead of sustained growth, the market unexpectedly moved lower: both Bitcoin and U.S. equities fell sharply during U.S. trading hours.
Bitcoin has been trading within the $84,200–$93,500 range for several consecutive weeks, unable to break above the upper boundary. On December 15, the price dropped to $85,129 on Binance, marking a 22.7% correction from the all-time high recorded in October.
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