Bitcoin mining difficulty has finally decreased in 2026, giving miners a brief respite.

For the first time in ages, the Coinbase Premium Index has moved from being 100% negative into a more positive range. Still has a negative tilt, though.

According to the latest Bitwise survey, 99% of advisors who have already allocated cryptocurrency to client accounts plan to maintain or increase their allocation in 2026.

Swissblock:
While long-term holders are showing moderate outflows, large and short-term investors are buying with confidence. This demand is draining exchange liquidity into institutional funds, confirmed by ETF inflows exceeding $1.7 billion since January 12.

A massive inflow of $800 million occurred on January 14 alone, with BlackRock's IBIT attracting $648 million of that sum. As institutional investors are essentially "draining" the market, we are witnessing a classic supply shock pushing $BTC above the $97,000 mark.

Exactly 50 days from now, the number of bitcoins in circulation will reach 20 million.

At that point, only 1.5 million Bitcoin will remain to be mined.

According to DefiLlama, these 10 networks, among those with a TVL exceeding $100 million, have shown the fastest growth over the past month.

Transaction fees on the Ethereum network have reached their lowest level since May 2017.

Over the weekend, a long trader on the Hyperliquid exchange was liquidated for $222,600,000 in a single order.

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Bitcoin Capitulation in 2026: Maximum Market Stress

On-Chain Mind: Bitcoin is trading at around $66,000.

But adjusted for the growth in the U.S. dollar money supply (with M2 expanding at an average annual rate of roughly 8%), its liquidity-adjusted real value is closer to $30,000 in 2016 terms.

This is not to say bitcoin hasn't appreciated in value. It has — and by far more than the money supply.

Over the past 6 months, $BTC has shown average positive returns only on Sundays.

📉 "This hasn't happened in 11 years"

Cryptoquant reports that the exchange ratio for large players has reached 0.64, the highest level since 2015.

This metric signals potential selling pressure from the top 10 wallets, which now account for 64% of inflows. 👀

The total market capitalization of tokenized gold has surpassed $6 billion, increasing by $2 billion since the beginning of this year.

Tether Gold and Paxos Gold together account for approximately 96.7% of the market share.

Polymarket has decided to fight suspicious bets and has enlisted Palantir — a company that develops analytics software for the U.S. military and intelligence agencies.

Now AI will monitor trades in real time and look for manipulation in sports markets.

Oil trading volume on Hyperliquid surged from $21 million to over $1.2 billion after strikes on Iran.

Traders rushed into on-chain oil futures, reacting to the price spike and supply disruption risks while traditional markets were closed.

Interest in buying and selling altcoins on exchanges is currently at its lowest level in the past few years.

A large player on Hyperliquid placed a leveraged bet of approximately $80 million against Bitcoin and the S&P 500, while simultaneously buying oil.

Circle announces launch of its own wrapped Bitcoin, cirBTC

Circle, the company behind the USDC stablecoin, will issue a token called cirBTC — its own version of wrapped Bitcoin, a tokenized form of Bitcoin designed for use on other blockchains.

Circle plans to promote cirBTC as the "institutional standard" for tokenized Bitcoin.

The initial launch is planned for the Ethereum network, as well as Circle's own blockchain, Arc. The token will be integrated with the company's infrastructure, including the Circle Mint platform for issuing and redeeming stablecoins.

The first and largest version of wrapped Bitcoin, wBTC, was launched by BitGo in 2019 and is now managed by a consortium that includes entities associated with Justin Sun. Due to his involvement, some companies have delisted the token — for example, Coinbase conducted a delisting of wBTC in 2024.