2026-01-12 02:22:14

【Market Overview】

Last night, the market fluctuated back and forth, first crashing down, then bouncing back. Currently, BTC is holding above 91,000. The start of this week has been pretty good; as long as this level is maintained, there’s still a chance for a rebound.

Ethereum followed the upward trend, barely breaking through 3100, but its momentum is clearly lacking. The good news is that during this rally, the pattern of rising without falling has held up pretty well.

BNB performed flat today, mainly because the popularity of Chinese meme coins is cooling down, which also dragged down the ecosystem tokens. On the other hand, SOL remained resilient, rising by 4% on its own, becoming the current leader.

Looking at this week’s rhythm, capital rotation is particularly obvious. Once a hot sector cools down, related coins tend to fall very quickly—that’s the current market characteristic.

【On-Chain Observation】

◆ Last year, 36 Bitcoin blocks came from individual miners, indicating that decentralization of hash power is still happening. While this is good for the ecosystem, it’s becoming increasingly difficult for retail miners.

◆ CZ bluntly stated: "I don’t know if a super bull market is coming, but I will continue to accumulate coins." That’s the honest truth from a big player. For ordinary people, long-term holding is the easiest lesson to learn.

◆ Trump, wearing a "happy" pin, turned around and said that without greatness, America can’t be happy—this is a perfect blend of meme culture and reality. Playing with traffic and changing tricks, cutting leeks has never been the exclusive domain of any one person.

◆ Moutai announced the establishment of a digital technology company, preparing to venture into blockchain services. Traditional giants entering the space isn’t new, but whether they can produce real results remains to be seen, with many uncertainties.

◆ The popularity of Chinese meme coins is clearly waning, with some coins’ market caps halved—living proof of this. Meme coins are characterized by their rapid rise and quick fall—if they can’t outpace the speed, they only become bagholders.

◆ Foreign media reported that Venezuelan residents are using USDT to evade sanctions, and Tether subsequently stated it would cooperate with law enforcement. This reflects how cryptocurrencies are becoming a gap in geopolitical conflicts— the ongoing tug-of-war between compliance and freedom.

BTC0,08%

ETH0,54%

BNB-1,43%

MEME-3,82%

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ApeWithNoChain

· 6h ago

BTC holding at 91K still looks promising, just worried that a correction might bring it down again. SOL is really strong this wave, even if meme coins cool off, they can still rise independently. There's something there. CZ's words about accumulating coins sound the most comfortable, much more reliable than those shouting about a super bull market. Meme coin players probably regret now; they come fast and go even faster. Moutai getting into blockchain? Traditional bigwigs are entering, but can they really produce something? This is still uncertain. Funds are rotating so aggressively; even a slight cooling causes a sharp drop. Retail investors can't avoid it.

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DisillusiionOracle

· 6h ago

If you can't hold 91,000, then keep struggling, anyway it's not the first time. SOL really has some strength; a 4% increase alone is not easy. CZ's stance is: I don't know when the bull market will come, so I'll just stockpile for now. You guys decide for yourselves. I've seen too many cases of meme coins being cut in half; those who run slowly are destined to be the bagholders. Moutai doing blockchain? Uh... I actually want to see how they "venture into the legal field," hopefully it's not just talk on paper. Venezuela using USDT to evade sanctions and Tether cooperating with law enforcement—this contrast is incredible—freedom and compliance are always at odds. If BTC really breaks below 91,000 this time, it would be more interesting. It's still too early to talk about a rebound now.

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BoredRiceBall

· 6h ago

Capital rotation is so fierce. Yesterday I was still chasing SOL, and today I should have been caught in a trap. Meme coins have been halved; frankly, it means no one is willing to take the other side. One round of cutting after another. CZ's accumulation of coins sounds simple, but how much psychological preparation does it really take to do it? Regarding BTC holding at 91,000, it still seems to depend on the mood of the US stock market. Trump's traffic operation is indeed excellent, even better than some crypto celebrities. Moutai doing blockchain? Uh... I'll observe for now. There are too many sweet words anyway. Retail miners really have no way out; this trend has been doomed for a long time. The situation in Venezuela is outrageous. Tether cooperating with law enforcement? What is this? Wanting freedom but also afraid of being cut. It's ridiculous that BNB is dragged down; at least the ecosystem shouldn't be so fragile. Ethereum at 3100 isn't hot enough. Why do I feel like it's always missing something?

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RamenDeFiSurvivor

· 7h ago

SOL is really tough, finally have a non-following one, just worried this wave is also just bluffing --- CZ just HODLing coins, no need for that "I also don't know" talk, everyone understands --- Meme coins are halving at a terrifying speed, how are those who made a fortune last year doing now --- The 91,000 level must be held, or it will be another round of cutting losses --- Trump's lapel pin is truly amazing, the crypto circle really dares to play everything --- It's good that Chinese meme coins are cooling down, at least Ethereum can breathe a sigh of relief --- Decentralization of computing power sounds good, but in reality retail mining should have stopped long ago --- Funds rotate so quickly, those who can't keep up are really just bagholders --- Moutai getting involved in blockchain? I'll believe it when they actually produce something --- BNB's collapse this week is really pointless, ecosystem tokens being sacrificed along with it is a bit sad

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WhaleMistaker

· 7h ago

BTC holding above 91,000 is still stable, there's still hope. SOL is actually reliable today, meme coins cooled down really fast this wave, I was thinking of buying before but now I'm really glad I didn't move. --- CZ's words are so true, big players are just holding coins, while retail investors are still pondering when to buy or sell, that's really a step behind. --- Moutai getting involved in blockchain? Uh... traditional big companies jump in just to ride the hype, I would be convinced if they actually produce something. --- Meme coins are like frozen foods, they come fast and go fast. When you double your money, it's time to withdraw. Greed turns you into a bagholder. --- Funds rotate so quickly, when one sector cools down, related coins drop rapidly. Now trading requires quick reflexes. --- Venezuela uses USDT to evade sanctions, Tether still has to cooperate with law enforcement. Cryptocurrency is really caught between politics and freedom. --- Ethereum is just following the trend, it can't even break through 3100, this hype is really weak. --- Individual miners only have 36 blocks, small retail miners are really out of the game.

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