Из жизни альткоинов

Ethereum and Solana are gradually demonstrating bullish movements following a rebound on Tuesday, but the broader outlook still appears to be bearish. On-chain metrics are flashing caution as selling pressure continues to dominate among investors of ETH and SOL, suggesting an extension of the ongoing volatile market.

Market Balance Tilts Bearish For Ethereum And Solana

While the broader cryptocurrency market has faced steady downside pressure over the past few weeks, the market dynamics of both Ethereum and Solana are undergoing a crucial shift. This shift is being reflected in the Buy/Sell Pressure Delta for ETH and SOL, which has recently turned negative.

The Buy/Sell Pressure Delta is a key metric that measures the imbalance between buying and selling forces in the market. It is worth noting that when the delta goes negative, it indicates a lack of bullish momentum since selling pressure is greater than purchasing pressure.

According to Alphractal, an advanced on-chain data analytics platform, the metric flipping negative suggests that Ethereum and Solana sellers are gaining control of the market. With buying momentum currently fading, the risk of short-term downside or consolidation becomes high.  

This shift typically points to trend exhaustion, not necessarily an immediate reversal. It also points to a cooling phase after periods of stronger momentum and buying activity. In some scenarios from the past, the platform highlighted that a negative Buy/Sell Pressure Delta has also led to price bottoms. However, this is mostly common when selling pressure starts to lose strength again, with capital flows favoring accumulation over distribution.

Furthermore, Alphractal noted that for this ongoing trend to signal a potential bottom in Ethereum and Solana prices, it is critical to monitor whether the delta is exhibiting stability or a recovery, rather than expanding further into negative territory. In the meantime, analyzing the lower timeframes would aid in spotting early signs of a shift back toward buying pressure.

At this point, it is not a standalone signal, and context matters. Price action, volume, and broader on-chain data must confirm whether the market is transitioning into a period of continuation or accumulation. As this imbalance develops across the two networks, it increases the downside risk and emphasizes how crucial it is to keep an eye on whether demand can stabilize or keep declining in the upcoming sessions.

ETH Position Inside A Dense Basis Cluster

Ethereum remains capped by the growing volatility across the crypto market, hovering below the $3,000 price mark. After delving into ETH’s recent price action, Chris Beamish has outlined that the leading altcoin is trading on a dense cost basis cluster. 

The positioning carries significance as it represents a breakeven zone for many ETH holders. As ETH holds this zone, the market is leaning toward absorption and the formation of a base. However, a breakdown would move the price into thinner support where underwater supply may derisk.

Grayscale, one of the world’s largest digital asset-focused managers, has filed a new amendment to its Spot XRP ETF, updating specific details in the original document. Meanwhile, XRP ETFs have achieved a remarkable milestone, surpassing $2 billion in total volume, reflecting growing institutional demand and interest.

Grayscale Files New Amendment For Its XRP ETF

On Tuesday, January 20, Grayscale updated its Form 8-K filing for the Spot XRP ETF, highlighting new details it has included in the index calculation. The amendment, which was submitted to the US Securities and Exchange Commission (SEC), revealed changes to the digital asset trading platforms previously used to determine the Index Price for the Grayscale XRP Trust ETF, GXRP. 

The CoinDesk Indices, Inc., which provides the index, initially included Bitstamp by Robinhood, Crypto.com, Gemini, Kraken, LMAX Digital, OKX, and Bitfinex for XRP-USD trading pairs in the original XRP Spot ETF filing. For XRP-USDC trading pairs, the index previously featured Bitstamp, Bullish, Bybit, Kraken, and OKX. 

Notably, the January 20 amendment has now added Binance, Gate, and Hashkey as new platforms for XRP trading pairs. These additions follow a routine monthly review where the platforms met the conditions and eligibility criteria for inclusion. At the same time, Bitfinex was removed from the index. Grayscale disclosed that the reason for the exclusion was due to Bitfinex’s failure to meet the Index Provider’s conditions for inclusion.

The asset manager’s move reflects its ongoing efforts to maintain a more accurate and reliable pricing for its XRP ETFs. Market analyst Xaif Crypto has stated that the new amendment improves NAV accuracy on NYSE Arca. He also noted that the removal of Bitfinex underscores Grayscale’s growing focus on higher-liquidity exchanges amid XRP’s growing institutional demand and adoption post SEC clarity. 

XRP ETFs Exceed $2 Billion In Trading Volume

As investors become more familiar with the newly added trading platforms in Grayscale’s XRP ETF pricing index, new reports have revealed a major increase in volume for these investment products. According to an X post by crypto enthusiast XRP Update, the total US Spot XRP ETFs have surpassed $2 billion in cumulative trading volume, marking a significant growth milestone. 

XRP Update revealed that since October 2025, XRP Spot ETFs have seen steady demand and increasing institutional participation, reflecting growing confidence in the cryptocurrency as an investment vehicle. The chart, which shows cumulative volume, illustrates slow but sustained growth, with XRP ETFs rising above $500 million, then exceeding $1 billion, and now sitting above $2 billion. 

XRP Update notes that capital is quietly and consistently rotating into XRP ETFs. Due to strong volume growth, the crypto enthusiast believes that continued institutional demand could ignite a bullish trend in XRP’s price. In addition to its rising trading volume, XRP ETFs have also recorded another day of positive inflows, adding approximately $9.16 million to total net assets. 

In its first massive move of the year, GTreasury has announced the launch of Ripple Treasury, a move that shows how the company is positioning XRP and its broader infrastructure within global finance. The new platform, revealed through GTreasury’s official X account, presents Ripple Treasury as a full-scale enterprise treasury solution that brings together traditional cash management and digital assets under one unified system, among a few other solutions. 

Ripple Unveils Its New Treasury Platform

Ripple Treasury, backed by GTreasury, is the first fully integrated treasury platform to combine an established enterprise treasury system with modern digital asset infrastructure provided by Ripple. According to the announcement by GTreasury, many finance teams are currently burdened by outdated systems, rising operational complexity, and tighter resources. 

However, Ripple’s backing has allowed GTreasury to directly address those constraints with reinvestment into product development. This has led to engineering capacity doubling in just 90 days, and the company has expanded its capabilities through the acquisition of Solvexia, a Software-as-a-Service process automation platform acquired by GTreasury on January 6.

The announcement points to Ripple’s intention to move beyond payments alone and establish a deeper foothold in corporate treasury, liquidity management, and institutional finance. Ripple Treasury is designed to deliver practical operational benefits by giving enterprises unified visibility across traditional cash positions and digital assets, 24/7 yield optimization putting every dollar to work, instant cross-border settlements reducing FX costs, eliminating pre-funding requirements and unlocking trapped working capital, and future-ready infrastructure for tokenized assets and programmable payments, among many others.

The GTreasury Acquisition That Set the Stage

The launch of Ripple Treasury is an extension of Ripple’s acquisition of GTreasury, a deal that was first announced on October 16, 2025. The crypto frim agreed to acquire the Chicago-based treasury management systems provider for about $1 billion, one of its most significant strategic moves of the year. GTreasury brought more than 40 years of experience serving large corporations and finance teams, along with mature tools for liquidity management, cash forecasting, risk control, and payments.

At the time, Ripple described the acquisition as a direct expansion into the multi-trillion-dollar corporate treasury market. Leadership of the two companies noted that the deal is a way to combine GTreasury’s deep-rooted treasury expertise with the XRPL payment and digital asset infrastructure. The deal capped a busy year of acquisitions for the company in 2025, following its purchases earlier in the year of other financial-infrastructure companies like Hidden Road and Palisade.

GTreasury runs an enterprise-grade infrastructure trusted by hundreds of global financial institutions. The company is licensed in over 75 jurisdictions with real-time 24/7/365 cross-border payment rails and institutional custody, things that Ripple hopes to take advantage of in its aim of capturing a huge share of modern corporate finance operations.

Несмотря на взлеты и падения биткоина, его добыча остается высококонкурентной индустрией. В 2026 году ряд важных показателей майнинга заметно изменились по сравнению с прошлыми месяцами. Сколько стоит добывать биткоин прямо сейчас?

Инвестиционный директор управляющей криптоактивами компании Bitwise Мэтт Хоуган (Matt Hougan) заявил, что судьбу крипторынка определит рассматриваемый Сенатом США законопроект.

Bitcoin’s current price outlook may appear bearish and volatile, but sentiment is leaning toward a bullish narrative in the short and long term. Despite the ongoing waning price action, large BTC players are showcasing interest and conviction in the flagship crypto asset as they continue to stack long positions.

Large Players Go Long on Bitcoin

In the midst of heightened volatility and sideways performance, Bitcoin investors are showing up at a significant rate. Joao Wedson, a market expert and the founder of Alphractal, has shared an analysis that shows that Bitcoin’s large participants, also regarded as whales, are quietly shifting into a bullish phase. 

As highlighted in the research on the X platform, the cohort continues to accumulate long positions while the broader market begins to set up. Currently, the Whale vs Retail Delta Heatmap is demonstrating a clear divergence as institutional players are positioning ahead, while retail remains cautious, but longs remain the dominant side overall.

With Bitcoin’s price waning, this suggests that whales are not reacting to short-term noise. Rather, they could be positioning themselves early for a possible shift in direction toward the upside. Such a behavior from the cohort hints at rising confidence in the asset’s medium-term to long-term prospects.

The divergence between Bitcoin and altcoins indicates that large investors are betting their capital on BTC rather than distributing risk throughout the market. Thus, a period of Bitcoin-led market leadership may be unfolding underneath the surface due to the increasing prevalence of whale-driven BTC longs.

In the past, Wedson stated that this setup is capable of increasing the probability of forced liquidations driven by crypto exchanges. However, if the metric continues to display strength, the expert claims that it has mostly occurred close to important market bottoms, especially when whale condition grows across multiple timeframes.

Multiple Long Positions Have Been Liquidated

Long positions in Bitcoin may be growing, but the journey has not been a smooth one. In another X post, Wedson reported that BTC has liquidated a large portion of long positions that were opened over a period of 30 days. 

Wedson added that this massive liquidation shows that the majority of traders are still betting on an upside trajectory in the crypto market. However, cryptocurrency exchanges and OG investors are steadily moving against consensus, as they attract easy liquidity from unprepared players.

The Bitcoin liquidation map is telling a story. CryptoPulse’s analysis of the Bitcoin Exchange Liquidation Map shows that sell-side liquidation is currently stacked, which might push the price upward after the recent downside move. This accumulation implies that if the price rises, a significant concentration of short bets may be compelled to unwind, which could increase volatility. Should the structure allow it, a natural relief push is on the horizon.