Schlagwort: crypto business

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Bitcoin slips below $92K as dormant whale moves and macro pressures mount

  • Bitcoin’s bullish price outlook remains, but a retest of support near $90,000 poses a threat to this.
  • The latest price action comes amid a whale move to transfer $84 million in BTC that had been dormant for 12 years.
  • Global stocks and crypto faced new downside pressure amid escalating US-EU trade tensions.

The Bitcoin price revisited support below $92,000 early Tuesday as a whale’s sudden jolt stirred sentiment amid a transfer of over 900 BTC worth approximately $84 million, with the coins having been dormant for over a decade.

Mounting pressures on the cryptocurrency’s price also coincide with broader market jitters, which are largely fueled by escalating US-EU trade tensions over Greenland.

BTC also traded lower as US Treasury yields rose.

Bitcoin whale moves coins dormant for over 12 years

Details shared by blockchain tracker Lookonchain showed that an old wallet, labeled “1A2hq…pZGZm,” shifted 909 BTC to a fresh address “bc1qk…sxaeh” for the first time in 12 years.

More than $84 million worth of BTC was first loaded in the wallet in 2013 when BTC traded below $7.

With prices skyrocketing over the year, the whale finds themselves sitting on unrealized profits exceeding 13,000%.

The movement mirrors similar transfers seen when Bitcoin exploded past the $100,000.

BTC price slipped nearly 2% as social media erupted with speculation of profit-taking.

However, with the whale’s funds remaining off exchanges, analysts are pointing to a possible wallet consolidation or enhanced security rather than imminent offloading.

Fed’s $3.8B liquidity injection puts crypto assets on alert

The Federal Reserve is set to inject $3.8 billion into the economy on Tuesday, drawing close attention from crypto traders who see potential upside for Bitcoin amid easing macro liquidity conditions.

The move comes as global markets refocus on liquidity, following a period of balance sheet expansion by the Fed aimed at supporting market functioning.

Such injections are often viewed as constructive for risk assets, including Bitcoin (BTC), based on the view that looser funding conditions in traditional markets can support higher asset prices.

Previous Fed liquidity operations, including a $29.4 billion repo injection in 2025, were cited by the founder of Cardano (ADA) as potentially supportive for Bitcoin and other risk assets.

During the last liquidity injection period, from December 12, 2025, to January 14, 2026, Bitcoin rose from about $90,270 to roughly $96,929.

On Monday, crypto watcher DefiWimar wrote on X that, “When traditional money printing kicks into high gear, smart money flows into crypto,” underscoring how increased liquidity can influence asset allocation decisions.

​Bitcoin faces mounting headwinds

Bitcoin has recently slid to the $90,000 level, further eroding the bullish sentiment that dominated amid the spike to above $97k.

In early Asian hours on Jan. 20, sellers pushed prices to $90,620.

This mirrored dips for Nasdaq futures, which were down by over 1.6% amid persistent headwinds in recent weeks.

While stocks have not recorded a major pullback, broader risk-off sentiment has capped the moves seen in 2026.

Cryptocurrencies have recorded similar downturns, even as gold leads safe-haven assets to new record highs.

Economist Mohamed El-Erian shared this outlook on X.

On Tuesday, Bitcoin and US stocks futures shed gains as the 10-year US Treasury yield climbed to 4.287%, a four-month high.

Notably, higher yields lift borrowing costs for loans, mortgages, and investments worldwide, impacting risk sentiment.

As El-Erian notes, President Donald Trump’s tariff threats against Europe over Greenland have sparked retaliation worries, driving bond sales and yield surges.

While the market weighs the situation, analysts say these macro risks could sideline capital from volatile assets like Bitcoin.

BTC traded just above $91,140 at the time of writing.

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Crypto firms in Hong Kong face risks as new licensing rules advance

  • A hard-start approach may force compliant firms to stop operations.
  • The HKSFPA urges a 6–12 month grace period for applicants.
  • The association also raised concerns over the CARF framework.

Hong Kong’s plan to tighten oversight of digital asset firms has raised concerns that crypto managers could be forced to suspend operations.

The warning comes from the Hong Kong Securities & Futures Professionals Association (HKSFPA), which has flagged risks associated with the potential implementation of new licensing requirements without a transition period.

The government is currently consulting on extending the city’s regulatory reach across virtual asset dealing, advisory and fund management services.

These proposals aim to close gaps in oversight but could leave active firms in limbo if licences are required from day one.

Concerns over hard launch timing

The HKSFPA’s main concern is that a “hard start” would require all market players to hold a valid licence before the new framework officially begins.

Without any grace period, this could mean that businesses awaiting approval would have to stop offering regulated services, even if they’ve submitted their applications.

This would impact firms that are already operating legally under the current rules but have not yet received a licence under the new system.

The concern is that licensing reviews could take time, especially given the complexity involved, which could create regulatory bottlenecks and disrupt the sector.

Group pushes for grace period

In a formal submission, the HKSFPA has asked for a six to twelve-month deeming period for businesses that apply ahead of the new regime’s start date.

The group believes this would allow operations to continue while the Securities and Futures Commission (SFC) processes applications.

Without such a buffer, even firms with strong compliance practices could face forced shutdowns due to administrative delays.

The application process itself is not quick, and the risk of backlogs is significant, especially as more companies prepare to enter a newly regulated environment.

Expanded oversight still under review

The proposed rules are still in the consultation phase and do not yet have a confirmed start date.

If implemented, they would mark a shift in how virtual asset services are governed in Hong Kong, moving beyond trading platforms to include advisory and fund management services.

The industry body supports Hong Kong’s aim of strengthening regulatory standards for digital assets.

However, it warns that if timelines are too rigid, it could discourage institutional involvement and slow down the adoption of compliant crypto infrastructure.

Second warning highlights implementation risk

In a separate consultation submission made this week, the HKSFPA also expressed concerns about the upcoming Crypto Asset Reporting Framework (CARF) being introduced in line with the OECD’s recommendations.

While the group supports the policy direction, it again warned that inflexible execution could lead to unintended exposure to operational and legal risks.

Taken together, the two submissions reflect a broader message from the industry: while regulation is welcomed, execution must avoid creating hurdles that push firms out of the market.

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PI rebounds above $0.19 despite selling pressure: Check forecast

Key takeaways

  • PI is up 1% in the last 24 hours, signaling a minor recovery after recording a fresh record low of $0.1502 on Monday.
  • Selling pressure persists despite the recent slight recovery. 

Market sentiment remains bearish despite PI’s recovery

PI, the native coin of the Pi Network, is up 1% in the last 24 hours and is now trading at $1.91 per coin. The positive performance comes despite the broader cryptocurrency market recording losses in the last few hours.

According to PiScan, the reserves of centralized exchanges have decreased by 4.24 million PI tokens, indicating large withdrawals over the last 24 hours. The decline in exchange reserves reflects strong buying pressure, allowing PI to recover above $0.19.

Will PI hit $0.20 soon?

The PI/USDT 4-hour chart is bearish and efficient despite the coin adding 1% to its value in the last 24 hours. At press time, PI is trading at $0.191, roughly 30% up from Monday’s low at $0.1502. The recovery aligns with the strong buying pressure and could push PI’s price higher in the near term. 

The RSI of 33 means that PI is slowly escaping the oversold region as buyers step in. The MACD lines are still within the negative territory, indicating that the sellers have yet to fully relinquish control. 

PI/USDT 4H Chart

If the recovery continues and PI hits the $0.1919 resistance level, it could rally towards the $0.2060 psychological zone. An extended bullish run would allow PI hit the previous weekly high of $0.2116.

However, a daily candle close below $0.1919 could see PI give up some of its recent gains and retest the support levels at $0.1835 and $0.1632 in the near term.

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DUSK dips 35% after surging 150% in seven days: Check forecast

Key takeaways

  • DUSK has dropped below $0.2, losing 35% of its value in the last 24 hours.
  • The coin rallied to $0.32 on Monday, up 150% within a week.

DUSK cools down following its recent surge

DUSK, the native coin of the Dusk Network, has dropped below the $0.20 level, losing more than 35% of its value in the last 24 hours. The bearish performance comes after the coin added 150% to its value within seven days, outperforming major cryptocurrencies.

Data obtained from CoinGlass shows that futures OI at exchanges reached a new all-time high of $47.94 million on Monday and steadied around $39 million on Tuesday. 

During that same period, the OI on the Binance exchange has reached $20.54 million, levels not seen since February 2023. The growing OI means new or additional money is entering the market, resulting in DUSK’s price surging higher. 

Santiment data also shows that the DUSK ecosystem’s trading volume reached a new all-time high of $298.43 million on Monday and steadied around $264.16 million on Tuesday. 

On Monday, Dusk announced its partnership with Chainlink to integrate key standards across DuskEVM. The integration will enable cross-chain interoperability for tokenized real-world assets and support real-time, high-integrity data for compliant financial applications, backed by NPEX, a fully regulated Dutch stock exchange.

Will DUSK rally towards $0.33?

The DUSK/USD 4-hour chart remains bullish and efficient despite the 35% pullback within the last 24 hours. It is still trading above the weekly resistance level at $0.17, with the bulls defending this level.

If the bulls regain control and DUSK closes its daily candle above the weekly resistance level, it could extend the rally toward the December high of $0.33.

DUSK/USD 4H Chart

The Relative Strength Index (RSI) on the 4-hour chart stands at 74, above the overbought threshold, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover.

However, if the correction persists, DUSK could extend the decline toward the 50% price level at $0.18.

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Stellar price forecast: XLM risks breakdown below $0.22 as bears target $0.20 support

  • Stellar price dropped sharply as altcoins shed recent gains.
  • Broader market conditions, with Bitcoin dipping towards support, are a critical indicator.
  • XLM bulls could see stagnation if the price drops to $0.20 or lower.

Stellar price traded lower as top altcoins mirrored the movement of Bitcoin on Monday, and a slice through $0.22 threatened further declines toward the critical $0.20 support area.

As selling pressure mounts, drawing fresh bearish bets across crypto exchanges, the broader market caution could allow for a deeper correction.

Currently, bears dominate sentiment, fueled by technical breakdowns and fading on-chain conviction.

XLM price nears multi-month support

Stellar’s price has seen $0.20 emerge as a multi-month demand zone in recent months.

Recently, the altcoin trended to above $0.24 before falling to support at $0.22.

An attempt to recoup losses ended around $0.23, leaving the altcoin sliding to under $0.21 on Jan. 19 as Bitcoin plunged to under $93,000.

The repeated rejections, with a marked downtrend, might erode buyer resolve and allow for a plunge to $0.20 or below.

In favour of bears are derivatives that currently scream caution. Open interest has dropped to $131 million, with long-to-short ratios signaling more shorts piling in. This setup emboldens bears eyeing sub-$0.20 targets. BTC correlation will also matter.

“Gold just hit a new all-time high of $4,600. It’s now headed towards $5,000, a major 4.618 Fibonacci extension resistance level,” crypto analyst Lark Davis noted on X.

But the analyst added:

“But the faster gold blasts through to $5,000, the quicker we could see meaningful capital rotation out of precious metals and into Bitcoin.”

Stellar price technical outlook

Bears thrive on clear chart failures and XLM trades below both its 50-day ($0.227) and 200-day ($0.324) moving averages.

Prices have accelerated lower since October 10, 2025, forming a bearish structure with RSI retreating to under 50 following a brief spike to the overbought line.

Stellar Price Chart
Stellar price chart by TradingView

The price rejections at previous support zones mean $0.25 and $0.22 now act as overhead resistance.

Meanwhile, a daily close below $0.20 could accelerate the dump toward multi-year lows of $0.18 and $0.14.

On the upside, Stellar will target $0.32 and $0.41 supply zones. A daily close above $0.23 will validate this thesis, opening up conviction trades.

The last time XLM price went parabolic, bulls exploded from lows of $0.10 to above $0.63 in November 2024, and again from lows of $0.24 to peak at $0.52 in July 2025.

Gains came amid spikes for XRP, an altcoin related to XLM in terms of its product goals.

The Ripple token reached highs of $3.42 in July, outpacing the broader market amid major catalysts such as regulatory milestones and the launch of the RLUSD stablecoin.

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