2026-01-20 03:23:51

The market has fallen back into a dull period, and this wave is really frustrating. As always, the advice is to watch more and move less, especially since the current market rhythm is extremely awkward. The goal is simple—just survive, don’t think about making big money for now.

BTC has not yet recovered from the decline, so let’s just wait and see. The overall ecosystem still revolves around altcoins leading the trend, with those meme coins running rampant, while mainstream coins appear lukewarm.

ETH has already fallen below 3200, and we need to see how it performs next. Although there are quite a few complaints outside the market, buying interest has actually been persistent, and the bottom support remains strong.

The Solana blockchain has been a bit awkward lately. On-chain activity initially showed signs of recovery, but now everyone seems to be shifting towards stablecoins to trade memes, and the heat of the SOL ecosystem is indeed being diverted.

Institutional actions are quite frequent. BitMine has staked another 86,848 ETH, worth approximately $279.4 million, indicating that large investors are continuously increasing their positions.

On the macro front, CME’s Federal Reserve observation data has been released: the probability of maintaining interest rates unchanged in January is as high as 95%, leaving little suspense. Japan’s 40-year government bond yield hit a new high since 2007, surpassing 4%, and the market is now most concerned about whether the Bank of Japan will intervene in the foreign exchange market. Since January 7, the USDT to Bolivar exchange rate in Venezuela has been declining steadily, with a cumulative devaluation of 40%.

Regarding on-chain intelligence, some analysis firms have noticed an address suspected to be linked to Bhutan’s Druk Holdings engaging in high-leverage ETH long positions. The large investors’ intentions are quite clear.

Additionally, Magic Eden, the NFT trading platform, announced that 15% of the platform’s total revenue will be injected into the ME token ecosystem, with half used for ME buybacks. This shows a strong commitment to ecosystem development.

BTC-3,78%

ETH-6,84%

SOL-5,24%

MEME12,68%

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GateUser-bd883c58

· 18h ago

Altcoins are going crazy, mainstream coins are lying flat, this rhythm is really unmatched Institutions are increasing their bets, retail investors are watching on the sidelines, is the pattern really that different? ETH drops below 3200, is the bottom really solid, or just self-comforting? The SOL ecosystem is being drained by memes, even public chains can't compete In Venezuela, USDT has depreciated by 40%, this is the real value discovery Watching BitMine still hoarding ETH, we can't learn the obsession of big players The Federal Reserve's interest rate is 95% unchanged, so it's basically a done deal, so boring Mainly just stay alive, no need for big money, just stay steady for now

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wrekt_but_learning

· 18h ago

The days of quietly making money are gone; now it's all about survival, which is a bit tough. Big players are still lurking; us retail investors can only watch with wide eyes. ETH fell below 3200, and there are still people daring to buy the dip—really brave. The SOL ecosystem has been fragmented this way; it's time to reflect. Venezuela's USDT has depreciated by 40%, is the stablecoin no longer stable? Laughing to death. Altcoins are dominant, and mainstream coins have really fallen to this level—so sad. Watch more, act less, but my fingers are still itchy—what should I do? Institutions are increasing their positions; why shouldn't we dare to follow? But if there's not enough money, forget it. This market rhythm, whoever watches it will feel anxious.

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MemeCurator

· 18h ago

What do all the meme coins look like now? Mainstream coins are still dozing off. This market is really a reverse operation. When ETH breaks 3200, someone will buy in, indicating that the bottom is still solid. I'm just watching how institutions will play it next. SOL is really a bit awkward now. The ecosystem's popularity is being diverted by memes, and it feels like it needs to find its rhythm again. Big players are aggressively adding to ETH, so us retail investors should just watch quietly. Anyway, we can't make big money, so at least avoid losing. The Federal Reserve definitely won't move in January; the Bank of Japan is the key. Any move here will change the entire situation. Magic Eden's determination to buy back ME is pretty good, but whether the ME token ecosystem can truly take off still depends on what happens next. The market is unsettling, but just watch more and act less. Time will give the answer. BTC hasn't recovered yet. Let's stay alive first and talk about making money later.

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Degen4Breakfast

· 18h ago

Joke coins are rampant, mainstream coins are lying flat, this is the current ecosystem. SOL being diverted by meme coins made me laugh to death; a public chain has fallen to this state. BitMine is still increasing ETH holdings; these big investors are really bullish. But on the other hand, retail investors can still make some gains by following the trend, right? When ETH drops below 3200, it starts to have bottom support, which actually indicates that buying interest is still alive. I'm just worried that waking up from this dream, it might fall to a new low again, making things even more frustrating. The advice to watch more and act less is really sound; the current market rhythm is like being drunk, completely unable to grasp the pulse. Surviving is the true principle. Venezuela's USDT has depreciated by 40%? That's outrageous; this stablecoin is a joke. Magic Eden is using 15% of its revenue to buy back ME, which is quite sincere, but whether it can save this mess of the NFT market remains to be seen.

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BlockTalk

· 18h ago

Again, it's exhausting and frustrating. This market really tests people's patience. Just watch more and act less, wait for the mainstream coins to regain strength. No panic if ETH drops below 3200; there are still people buying at the bottom. Why is SOL so awkward? Its popularity has been drained by meme coins. Institutions are still increasing their positions; retail investors should just watch slowly. The Bank of Japan needs to keep a close eye; if the exchange rate moves wildly, the impact will be significant. Major investors in Bhutan are going long; need to keep an eye on their movements.

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ProofOfNothing

· 18h ago

Just lie down and forget it If ETH drops below 3200, how come some people still dare to buy the dip? Are you gamblers? The diversion of the SOL ecosystem is well-deserved; meme coins are just gambling Big players are adding positions, retail investors are cutting losses, the market is always so surreal Macro data is clear, why are you still hesitating? What kind of move is Magic Eden making? It's just trying to save its own ME Is the Bank of Japan going to take action? That’s the real key Venezuela's USDT has depreciated by 40%, this wave of big Bittorrent investors is about to make a killing BTC is still sleeping, no need to rush Altcoins are rampant, mainstream coins are just watching, the logic is all messed up

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