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After months of intense negotiations involving both political parties, as well as representatives from the crypto industry and traditional banking sectors, the long-awaited week for the crypto market structure bill, known as the CLARITY Act, has arrived. 

Crypto journalist Eleanor Terret reported on Monday that ongoing disputes within the industry, partisan disagreements over crucial details, and the pressures exerted by legacy banking interests have repeatedly delayed the timeline.

CLARITY Act Text Set For Release 

On Friday, the Banking Committee leadership indicated that the most recent bipartisan version of the bill would be officially marked up early on Thursday, January 15. 

The new text of the CLARITY Act will utilize the existing framework of the Digital Asset Market Clarity Act, which passed through the House in July. This means the name “CLARITY Act” will remain, but the legislation will primarily reflect the Senate’s recent collaborative efforts.

As the week unfolds, the text set for the Banking Committee vote, which has undergone final edits, is expected to be distributed to senators on Monday or Tuesday for further amendments. 

According to Terret’s report, there are three major aspects that stakeholders will closely observe when the bill text is released. First, there is significant interest in what ethics rules will apply to public officials involved in the crypto space, including the President. 

Second, the ongoing debate regarding stablecoin rewards remains a focal point. Finally, how both Democrats and Republicans address decentralized finance (DeFi), particularly in relation to securities trading and concerns about illicit finance, is also among the key provisions to be.

Crypto Legislation Discussions

Amanda Tuminelli, Executive Director of the DeFi Education Fund, attended recent closed-door meetings involving leaders from both crypto and securities industries, stressing the importance of the regulatory balance in a digital assets bill. 

“Banks and trade associations like SIFMA have significant concerns about regulatory arbitrage, especially concerning decentralized exchanges trading tokenized securities,” she noted.

Tuminelli will also keep a keen eye on the potential inclusion of provisions related to self-custody, protections for software developers, and the Blockchain Regulatory Certainty Act (BRCA), which she considers essential for the bill’s success.

ConsenSys General Counsel Bill Hughes has also expressed optimism about the developments leading up to the markup, indicating a hopeful outlook heading into the deliberations.

The reports suggest that Thursday could see simultaneous markups from both the Senate Banking and Agriculture Committees. However, disputes over key provisions could threaten the bill’s bipartisan nature, potentially leading to a postponement. 

Negotiations between Senate Chairman John Boozman and Senator Cory Booker have seemingly continued over the weekend and may play a crucial role in determining the markup’s outcome, Terret asserted.

Featured image from DALL-E, chart from TradingView.com

Bitcoin is attempting to stabilize above the $90,000 level as markets digest fresh comments from Jerome Powell, which briefly reintroduced macro uncertainty into an already fragile environment. Powell’s remarks reinforced the Federal Reserve’s commitment to policy independence and data-driven decisions, a message that rattled risk assets after weeks of consolidation.

Bitcoin reacted with a short burst of volatility, slipping from local highs before finding tentative support near the $90K zone. While the move was not structurally destructive, it underscored how sensitive BTC remains to shifts in macro narratives.

Beyond the headline-driven reaction, on-chain data suggests that underlying demand remains subdued. According to an analysis by Darkfost, current conditions do not yet resemble the extreme weakness typically seen at the early stages of a full bear market.

However, demand has clearly softened compared to prior expansion phases. The focus is on a metric that compares new Bitcoin issuance with supply that has remained inactive for more than one year, a framework used to estimate so-called “apparent demand.”

When this ratio falls below zero, it indicates that long-term dormant supply entering the market outweighs new demand, signaling net selling pressure. When it moves above zero, demand is considered positive and absorption is occurring.

At present, the indicator remains weak, suggesting that while panic is absent, conviction from buyers is still limited. As Bitcoin hovers above $90,000, the balance between macro uncertainty and on-chain demand will likely define the next decisive move.

Demand Weakness Signals Caution, Not Capitulation

Currently, Bitcoin’s apparent demand remains firmly negative, with roughly −106,000 BTC on a 30-day cumulative basis. This reading confirms that more supply is entering the market than is being absorbed by new buyers, a dynamic typically associated with cautious positioning rather than aggressive accumulation. Investors appear risk-averse, gradually reducing exposure as Bitcoin continues to be treated as a high-beta asset sensitive to macro uncertainty and policy signals.

This negative demand environment reflects a market that is defensive but not panicked. There is no evidence of forced liquidation or broad capitulation; instead, the data points to controlled distribution and a lack of urgency from buyers. In practical terms, participants are waiting for clearer confirmation—either from macro conditions, price structure, or on-chain metrics—before committing fresh capital.

Importantly, history shows that periods of weak or negative demand often coincide with zones where long-term opportunities begin to form. When interest is low and sentiment is muted, prices tend to stabilize rather than trend aggressively, allowing patient investors to build positions with reduced competition. However, these conditions favor long-term, risk-managed strategies, not short-term speculation.

Betting aggressively against the prevailing demand trend remains risky. As long as apparent demand stays negative, upside moves are more likely to be corrective rather than impulsive. For now, Bitcoin sits in a phase where discipline matters more than conviction, and time—not momentum—becomes the primary ally.

Bitcoin Consolidates as Long-Term Support Holds

Bitcoin continues to consolidate after the sharp correction from the October highs, with price now stabilizing around the $90,500–$91,000 area. On this 3-day chart, BTC remains below its declining short- and medium-term moving averages, signaling that bearish momentum has not fully dissipated. The blue and green moving averages above price continue to act as dynamic resistance, capping upside attempts near the $94,000–$96,000 zone.

At the same time, the long-term trend structure has not broken. Bitcoin is still holding above the red long-term moving average, which is rising steadily and currently sits in the $88,000–$89,000 region. This level has acted as structural support during the recent consolidation, suggesting that sellers are losing strength as price compresses into a tighter range.

Price action over the past weeks shows lower volatility and overlapping candles, typical of a market transitioning from impulse to balance. Volume has also declined, reinforcing the idea that aggressive selling pressure has faded, but that buyers remain cautious and selective.

As long as BTC holds above the long-term moving average, this phase looks more like consolidation than trend reversal. However, a sustained reclaim of the $94,000–$96,000 resistance is required to confirm renewed upside momentum. Until then, Bitcoin remains range-bound, building energy for the next decisive move.

Featured image from ChatGPT, chart from TradingView.com 

According to X’s head of product, Nikita Bier, the social platform is rolling out a feature called Smart Cashtags that will show live price data, charts and clearer asset info when a user taps a ticker.

Reports have disclosed the move was teased on January 11, 2026, and that a wider release is being aimed for February 2026. The reveal came amid fresh debate in the crypto community, with some users praising the clarity and others warning about potential risks.

Smart Cashtags Deliver Live Prices

Based on reports, the update turns old ‘$TICKER’ mentions into a richer card inside timelines. Users will be able to tap a Smart Cashtag and see near real-time prices and a small performance chart without leaving the app.

For on-chain tokens, engineers say the backend will be almost real-time, which means newly launched tokens could appear quickly in the feed. According to sources, the feature will cover cryptocurrencies, stocks and other tradable assets.

X is the best source for financial news — and hundreds of billions of dollars are deployed based on things people read here.

We are building Smart Cashtags that allow you to specify the exact asset (or smart contract) when posting a ticker. From Timeline, users will be able to… pic.twitter.com/nFtuA2ISqJ

— Nikita Bier (@nikitabier) January 11, 2026

Precise Asset Tagging Cuts Confusion

Smart Cashtags let posters choose the exact asset or smart contract they mean. That helps reduce mixups when the same symbol is used across markets. Traders and casual users often got mixed signals from generic tags, for example when a token and a stock share a label. The new tags will link directly to a single asset, not a broad search, making it clearer which asset a post refers to.

Community Reaction And Quick Rollout Tests

According to commentary online, reaction has been mixed. Some market observers welcomed the faster access to price snapshots and the ability to tie a tag to a smart contract. Others raised concerns about data accuracy, possible delays, and how the feature could affect market chatter.

X is running early tests and collecting feedback as the company prepares for a broader release next month. Reports say the rollout will be iterative, with changes likely before full public availability.

Speculation About Trading Integration

Based on community discussion, some users see Smart Cashtags as a step toward deeper trading features inside X. There is talk that the data cards could later be linked to buy or trade options, but that has not been confirmed by X.

Featured image from Pexels, chart from TradingView

Bitcoin is attempting to hold above the $90,000 level as the market enters a new and increasingly decisive phase. After weeks of tight consolidation, BTC appears to be coiling for a volatile move, with price action compressing while conviction remains fragile on both sides of the market. This prolonged range has tested investor patience, but historically, such conditions often precede sharp expansions in volatility.

According to data shared by Axel Adler Jr., short-term holder behavior continues to reflect elevated stress beneath the surface. Since October 13, 2025, short-term holders have consistently been selling Bitcoin at a loss. The weekly average SOPR (Spent Output Profit Ratio) has remained firmly below the neutral 1.0 level, confirming that a large share of recent transactions are being realized at negative margins.

Compounding this signal, the SOPR Z-Score has remained negative, reinforcing the idea that loss-taking is not isolated or episodic, but rather persistent. This combination points to active distribution from short-term participants, even as Bitcoin trades well above long-term structural support zones.

This dynamic highlights a growing divergence within the market. While long-term structure remains intact, short-term participants are increasingly capitulating into weakness. As Bitcoin continues to defend the $90K region, the next directional move is likely to be shaped by whether this selling pressure exhausts—or accelerates into a deeper correction.

Short-Term Holders Capitulate as Loss-Dominant Regime Persists

The latest on-chain update from Adler focuses on the behavior of short-term holders through the STH SOPR metric, which measures the ratio between the selling price and the acquisition price of coins that last moved within the past 155 days. When this indicator trades below 1.0, it means that short-term participants are, on average, realizing losses rather than profits.

As of January 11, the STH SOPR (7-day simple moving average) stands at 0.994, while the daily reading dropped to 0.9817, marking its lowest level since the start of the year. This is not an isolated data point. On January 8, the 7-day SOPR average crossed below the 30-day average, falling from 0.9996 to 0.9928. This crossover provides technical confirmation of a regime shift toward a loss-dominant environment.

Further reinforcing this signal, the SOPR Z-Score currently sits at -0.58. This indicates that SOPR values are trading roughly half a standard deviation below their annual mean, a zone that has historically coincided with local price bottoms rather than trend exhaustion.

Sustained SOPR readings below 1.0 increase psychological and financial pressure on short-term investors, often forcing capitulation. A meaningful regime change would require the 7-day SOPR to reclaim levels above 1.0, supported by a Z-Score turning positive and signaling renewed profitability for short-term holders.

Bitcoin Consolidates as the Market Searches for Direction

Bitcoin’s weekly chart shows a market locked in consolidation after a sharp correction from the October highs, with price currently hovering just above the $90,000 level. This zone has become a key pivot, acting as short-term support after BTC failed to hold above the $95,000–$100,000 region. The recent candles reflect indecision rather than strong directional conviction, consistent with a broader pause in momentum.

From a trend perspective, Bitcoin remains above its long-term moving averages, with the 200-week MA still rising well below the current price. This confirms that, structurally, the broader uptrend has not been invalidated. However, the shorter-term moving averages have flattened, and price is trading below the faster weekly MA, highlighting a loss of upside momentum since late 2025.

The consolidation structure resembles a range-bound base, where volatility has compressed following the aggressive sell-off. Volume has declined compared to the distribution phase near the highs, suggesting that forced selling pressure has eased, but new demand has yet to step in decisively. This aligns with on-chain data showing weak participation from marginal buyers.

As long as BTC holds above the $88,000–$90,000 support band, the market appears to be digesting gains rather than entering a full trend reversal. A sustained reclaim of the $95,000 area would signal renewed strength, while a breakdown below current support could open the door to a deeper corrective leg.

Featured image from ChatGPT, chart from TradingView.com 

Dogecoin has changed back to its technical structure as the price action digests the recent price rally. After the initial volatility seen earlier in the month, price action has begun to stabilize, and recent technical analyses are evaluating what the larger trend is revealing.

Based on that context, a higher-timeframe technical analysis shared on X by Javon Marks has outlined a scenario that frames the current price action as part of a wider bullish continuation built on repeating historical patterns on Dogecoin’s long-term chart.

Higher Lows Shaping The Trend

Technical analysis of Dogecoin’s 6-day candlestick timeframe chart shows an interesting formation taking place in its price action since 2024, and this goes back to how it traded much earlier cycles stretching as far back as 2016. 

The main idea behind this long-term technical analysis is Dogecoin’s ability to maintain a sequence of higher lows throughout different market cycles. The 6-day candlestick chart by the analyst shows that each major pullback in the Dogecoin price over the years has found support along a rising trend line, which has allowed the price to consolidate and reset without breaking the broader structure. 

The present setup reflects that same behavior, with recent pullbacks holding above ascending support. Dogecoin’s recent price action is holding above $0.13, and this can be considered a higher low compared to the lows in 2024 and 2025. As long as this pattern of higher lows is intact, then the macro trend can be viewed as supportive of higher prices over time.

Projecting A 369% Push Back To The All-Time High

The technical analysis on the chart also shows how earlier periods of consolidations and higher lows eventually resolved into powerful upward moves. Playouts of the previous rallies broke above their previous all-time highs and then created a new all-time high. The first case was a break above the 2014 high of $0.00232 in 2017 to finally end at a new high of $0.01877. This high was then broken again in 2021 to finally reach a new peak, which serves as the current reference level for current price action.

In this case, the reference level is Dogecoin’s all-time high around $0.73905. Based on current price levels, a rally of roughly 369% would be enough to carry Dogecoin back to that zone. 

Interestingly, the analysis goes a step further to predict a move past the current all-time high with a move of at least 4.5X from the current price level. Dogecoin’s current price level is trading at $0.14 at the time of writing, and this would put it trading at a price target of at least $0.8 when the move finally plays out.