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Standard Chartered Bank has lowered its target price for Ethereum by the end of 2026 from $7,500 to $4,000, expecting the price of Ethereum to drop to around $1,400 before rebounding later this year.

According to SoSoValue data, the overall cryptocurrency market is on a downward trend, with Bitcoin (BTC) down 1.97%, falling below $68,000; Ethereum (ETH) down 2.83%, falling below $2,000.Only the NFT, SocialFi, and Layer2 sectors remain relatively strong, rising 1.4%, 0.53%, and 0.04% respectively over the past 24 hours; within the NFT sector, ApeCoin (APE) rose 1.3%; within the SocialFi sector, Toncoin (TON) rose 0.68%; in the Layer2 sector, zkSync (ZK) rose 4.38%.In other sectors, the Meme sector fell 0.29% over the past 24 hours, but PIPPIN (PIPPIN) surged 33.94%; the Layer1 sector fell 1.35%, with Zcash (ZEC) remaining relatively strong, rising 2.41%; the CeFi sector fell 1.46%, while Aster (ASTER) surged 8.9% during the session; the DeFi sector fell 1.71%, but Hyperliquid (HYPE) rose against the trend by 4.08%; the PayFi sector fell 1.88%, while eCash (XEC) rose 4.11%.

According to The Block, K33 stated in its latest report that the drop of Bitcoin approaching $60,000 last week may indicate a local bottom. This round of sell-off has shown "surrender conditions" in the spot, ETF, and derivatives markets, including extreme levels of trading volume, funding rates, and options skew.Some indicators show that Bitcoin's daily RSI has dropped to 15.9, the sixth lowest since 2015, only behind March 2020 and November 2018; the Crypto Fear and Greed Index has fallen to 6, marking the second lowest point in history. K33 believes that Bitcoin may enter a consolidation phase in the range of $60,000 to $75,000, with reduced activity and a possibility of support retest, but the risk of a significant downward move below recent lows is limited.

According to SoSoValue data, the cryptocurrency market sector is experiencing a broad decline after a brief rebound. Bitcoin (BTC) has dropped 1.93% in the last 24 hours, falling below $70,000, while Ethereum (ETH) has decreased by 4.51%, reaching the $2,000 mark.Meanwhile, DeFi has fallen by 3.81%, but River (RIVER) has risen for two consecutive days, increasing by 29.23% in the last 24 hours.In other sectors, the PayFi sector has decreased by 2.12%, with Monero (XMR) remaining relatively strong, rising by 1.93%; the CeFi sector has dropped by 2.46%, but Aster (ASTER) has increased by 6.35%; the Layer2 sector has declined by 2.72%, with Starknet (STRK) falling by 4.93%; the Layer1 sector has decreased by 2.95%, while Canton Network (CC) has surged by 0.58% during the day; the Meme sector has dropped by 2.96%, with PIPPIN (PIPPIN) significantly rising by 33.18%.The cryptocurrency sector indices reflecting historical market trends show that the ssiMeme, ssiLayer1, and ssiDePIN indices have decreased by 4%, 3.88%, and 3.29%, respectively.

According to Eleanor Terrett's disclosure, the subsequent meeting on stablecoin yield issues held by the White House did not reach a final compromise, but both sides engaged in deeper discussions.According to attendees, the banking representatives expressed for the first time a willingness to consider "any proposed exemptions," which is seen as a significant concession, as banks had previously been firmly opposed to any transaction-based reward exemptions. The meeting focused on the definition of "permissible activities," with crypto companies hoping for a broad definition, while banks advocated for stricter limitations.

CryptoOnchain posted on social media that when the price of Ethereum dropped to the $2000 range, Token Transfers (14-day moving average) surged sharply to 2.75 million, the highest level since August 2025. This spike indicates panic selling and a "cleanout" of weak hands. Historical data shows that such extreme activity often signals a depletion of selling pressure and may form a local bottom.It is reported that Token Transfers (14-day moving average) is an on-chain data metric used to observe the trends and intensity of token transfer activities on the Ethereum (or related blockchain) network. It typically refers to the simple moving average of the number of transfer transactions for all ERC-20 standard tokens on the network over the past 14 days.

According to Jinshi reports, Fed's Logan stated that last year's rate cuts were taken as "insurance" to prevent a cooling labor market, but at the same time, it also increased the risks related to inflation.

Canaan, a Bitcoin mining machine manufacturer (NASDAQ: CAN), announced its Q4 2025 financial report, with revenue reaching $196 million, a year-on-year increase of 121%, marking a new quarterly sales high in three years. The growth was primarily driven by large-scale mining machine orders in North America, with Canaan delivering a total of 14.6 EH/s of computing power this quarter.During the quarter, the company's mining business generated $30.4 million in revenue, mining a total of 300 Bitcoins, with an implied price of approximately $101,000 per coin. Additionally, Canaan increased its Bitcoin reserves through its self-operated mining business, holding about 1,750 Bitcoins and 3,951 Ethereum by the end of 2025, with a total value of approximately $165 million. In January 2026, the company mined an additional 83 Bitcoins, bringing the total reserves to 1,778 Bitcoins. Part of the growth came from converting stablecoin earnings from mining machine sales into Bitcoin. Despite the revenue rebound, the company still reported a net loss of $85 million due to fair value losses caused by the decline in cryptocurrency prices.Canaan plans to expand into the energy and computing infrastructure sectors and has launched a 3-megawatt heat recovery pilot project in Canada, utilizing the heat from mining machines for greenhouse heating. Revenue is expected to be between $60 million and $70 million in Q1 2026.

According to Jin10, the USD/JPY has been declining consecutively, down 1% on the day, currently reported at 154.28.

Kaiko Research analysis indicates that Bitcoin fell to around $59,930 earlier this month, marking a new low since October 2024, which may signify the "midpoint" of the current bear market. The market has moved away from the post-halving frenzy phase and entered a typical bear market period that usually lasts about 12 months, paving the way for the next accumulation phase.On-chain indicators and the performance of mainstream crypto assets show that the market is approaching key technical support levels, which will determine whether the four-year cycle framework continues. The spot trading volume on major centralized exchanges has decreased from about $1 trillion in October 2025 to $700 billion in November, a drop of approximately 30%. The total open interest in Bitcoin and Ethereum futures has also decreased from $29 billion to $25 billion, indicating ongoing market deleveraging. With multi-cycle oversold indicators emerging, the question of Bitcoin's rebound is more about "when it will happen" rather than "if it will happen."

CryptoQuant data shows that the Bitcoin price has fallen below the 50-day and 200-day moving averages, with a significant moving average divergence reflecting a correction or "repricing" phase following the previous uptrend. Additionally, CryptoQuant's Price Z-Score is currently -1.6, indicating that the Bitcoin price is below the statistical mean, which typically suggests increased selling pressure and weakened trend momentum. Historically, similar ranges have often corresponded to longer bottoming periods rather than quick rebounds.In the derivatives market, crypto analyst Darkfost pointed out that the seller-dominated pattern is strengthening. Data shows that last Sunday, the monthly net active trading volume (Net Taker Volume) turned significantly negative to -$272 million, while the active buy-sell ratio on Binance dropped below 1, indicating a significant increase in market selling pressure. Currently, futures trading volume is still significantly higher than spot inflows, and the market needs stronger spot buying to trigger a rebound.

MicroStrategy stated during a live interview on a Middle Eastern television program that if the company sells credit instruments equivalent to 1.4% of its capital assets, it can pay the MSTR dividend and permanently increase the amount of BTC it holds.

Crypto KOL and Rollbit partner Alex Wice posted on X platform that Ryan Salame is in prison for refusing to testify against SBF, which reflects flaws in the U.S. judicial system. Alex Wice believes that SBF was deprived of the right to present evidence during the trial, as Judge Kaplan rejected his defense based on "relying on legal advice" and excluded evidence related to solvency and service terms.Alex Wice pointed out that the narrative of the trial was a fabricated story conceived by the prosecutors and Sullivan & Cromwell, aimed at placing all blame on SBF. In fact, FTX had only a small funding gap at the time of bankruptcy; although SBF had management failures, there was no fraudulent intent, and he always tried to keep FTX running to repay customers. He believes that if SBF had not signed the bankruptcy agreement, FTX customers might have received repayments more quickly. Alex Wice calls for the release of Ryan Salame and SBF.In response to this matter, SBF's account on X platform stated: "I fundamentally agree with all of the above points. But FTX never went bankrupt. I never filed for bankruptcy. The lawyers took over the company, and 4 hours later, they submitted a false bankruptcy filing to steal the company's assets."

Wintermute stated that Bitcoin briefly fell to $60,000 last Monday, erasing all gains since Trump's election. Spot fund flows show significant structural pressure. The Coinbase premium has consistently been in a discount state throughout the market process, persisting since last December, indicating ongoing selling pressure from the U.S.Internal OTC fund flow data also confirms that U.S. counterparties were the main sellers throughout the week, and this trend has been further amplified by continuous ETF fund redemptions. Over the past few months, AI-related assets have been continuously absorbing available market funds, crowding out the allocation space for other asset classes. The phenomenon where crypto assets underperform when AI-related companies rise and experience amplified declines when they fall can almost entirely be explained by the rotation of funds towards the AI sector.For crypto assets to outperform again, AI trading needs to cool down first. Microsoft's weak earnings report has initiated this process, but it is still far from enough. Last week's market was like a "surrender-style" clearing, with volatility soaring and buying support emerging at $60,000. In an environment where spot trading remains relatively low, leverage has become the dominant factor in price fluctuations.If open interest cannot significantly rebound, it will be difficult for the market to form sustained follow-through on either the long or short side. A true structural recovery requires a return of spot demand, but there is currently almost no evidence of this. We are likely entering a phase of high volatility and choppy price discovery. It will be hard to see sustained upward potential until the Coinbase premium turns positive, ETF fund flows reverse, and basis rates stabilize. Meanwhile, retail attention is being diverted to other asset classes, and market direction seems increasingly dominated by institutional fund flows from ETFs and derivatives channels.

CryptoQuant CEO Ki Young Ju stated that the Bitcoin inflow in 2025 reached $308 billion but failed to boost its market value, indicating that it is facing excessive selling pressure, which has caused the Digital Asset Treasury (DAT) strategy to be ineffective in the current market environment.

glassnode's weekly market report indicates that the price of Bitcoin rebounded from $60,000 to $69,000. However, while spot trading volume has increased, it remains at a low level, showing that selling pressure has eased but buyer participation is cautious. This reflects a market that is frequently changing hands after a downward revaluation, rather than decisively accumulating.Over-the-counter indicators show that futures and options positions are defensively strong, with ETF trading volume surging to a high of $45.5 billion, yet accompanied by a slowdown in capital outflows, resulting in overall low risk appetite. On-chain fundamental activity has strengthened, but capital inflows are negative and unrealized losses dominate supply. Overall, the market's sustained recovery may depend on the restoration of spot demand, which would stabilize prices above recent lows.

U.S. Treasury Secretary Scott Basset recently publicly criticized Coinbase on Fox News as a "stubborn participant" for opposing the CLARITY Act. Basset emphasized the necessity of passing the CLARITY Act multiple times during last week's Senate Banking Committee hearing, using strong language against the opponents.It is reported that the CLARITY Act aims to clarify the regulatory division of cryptocurrency assets, with the SEC and CFTC overseeing different areas. However, Coinbase is concerned that it may restrict business models such as stablecoin rewards, leading to divisions within the industry.

According to HyperInsight monitoring, as the cryptocurrency market accelerated its decline in nearly 1 hour, "Maji" panicked and reduced positions, cutting 1,125 ETH long positions in the last half hour. As of the time of writing, its ETH 25x long position has decreased to 3,500 ETH.

Cryptocurrency asset public companies (DATs) are currently facing the issue of market chain risks triggered by increased selling pressure, after driving the market up last year.Data shows that since Bitcoin dropped nearly half from its peak of $126,000 in October last year, the median stock price of the 150 largest DATs has fallen by 62%, even exceeding the decline of Bitcoin. Hayden Hughes, managing partner at Tokenize Capital, analyzed that DATs, which have no operating income and rely solely on hoarding cryptocurrency assets, will be forced to sell their holdings to maintain operations. This could shake investors' confidence in their "long-term hold" narrative, potentially triggering broader market sentiment contagion.

Bitwise CEO Hunter Horsley stated in an interview with CNBC, "Bitcoin has seen a double-digit drop in a single day and is currently in a bear market, down nearly 30% year-to-date. As for the reasons, I believe the current crypto market is being swept up by the overall macro environment, with investors selling off all liquid assets. Gold is down, the Nasdaq 100 is down, and Amazon is also being sold off. Over the past few months, there have indeed been some internal factors in the crypto space, such as operational disruptions at certain offshore trading platforms, but at this moment, crypto assets are trading more in sync with other highly liquid assets. I feel that long-term holders are experiencing uncertainty; meanwhile, newly entering institutional investors feel they are encountering a 'second chance,' seeing prices they once thought they had missed forever. I believe we are currently in a transitional phase. Ultimately, crypto assets remain a relatively small asset class, and most investors have not truly allocated to them yet. Therefore, the overall long-term outlook is very solid; it is just currently experiencing fluctuations and reversals during this transitional period."