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Крупный американский продавец видеоигр и игровых приставок GameStop перевел на платформу Coinbase Prime 4710 биткоинов, весь свой запас первой криптовалюты. Возможная причина перевода монет — грядущая распродажа, заявили аналитики CryptoQuant.

Замминистра Минэнерго России Петр Конюшенко сообщил, что едет в Сибирь обсуждать с региональными властями запрет майнинга криптовалюты в Абакане, Черногорске и ряде других районов Республики Хакасия.

GameStop moved its entire Bitcoin stash into Coinbase Prime this month, according to blockchain trackers that monitor large transfers.

The wallet associated with the company sent a large deposit to the institutional arm of Coinbase, a platform used by big traders and companies.

Analysts watching on-chain flows immediately flagged the move as a likely setup for a sale, though no confirmed sell orders have been announced.

Big Move To Coinbase Prime

According to on-chain reports, GameStop holds 4,710 BTC that it bought last year, and that full balance was shifted into Coinbase Prime.

The company first bought the coins in May 2025 at prices that averaged near $107,900 per BTC, a buy that cost roughly $504 million at the time.

Moving a corporate treasury from cold storage to an active institutional account is often read as a step toward execution — to sell, hedge, or rebalance — but it is not the same as a sale itself.

GameStop throws in the towel?

Their on-chain wallets just moved all BTC holdings to Coinbase Prime, likely to sell.

Between May 14–23, 2025, they bought 4,710 BTC at an avg. price of $107.9K, investing ~$504M.

Now selling for around $90.8K, potentially realising approximately… pic.twitter.com/Bp7MwRVQ43

— CryptoQuant.com (@cryptoquant_com) January 23, 2026

What Analysts Are Saying

Reports say the math is simple and stark: selling now, with Bitcoin trading closer to the $90,000 area, would lock in a sizable loss versus the initial purchase price.

Several analytics firms put that figure near $76 million if the whole lot were sold at recent market levels. Some market watchers suggest the company could be doing tax-loss harvesting or trimming volatile assets on its books.

Others view it as a pragmatic adjustment to reduce treasury exposure to crypto swings. Still, defenders of the move point out that GameStop’s Bitcoin stake was never a core retail play; it was a treasury experiment meant to diversify.

How Much Has Already Moved

Not all outlets agree on timing or size of day-by-day transfers. Reports note that some transfers earlier this month added up to about half of the original position — roughly 2,396 BTC moved in smaller tranches before the full deposit was flagged.

On-chain sleuths track each shift, and those staggered movements can mean many things: a staged sale, an internal reorganization, or simply routing through a trusted custodian before any trades.

Market And Shareholder Reaction

Share action around GameStop has not mirrored the crypto chatter. While Bitcoin watchers focused on the wallet move, investors were also reacting to company news on other fronts, including fresh share purchases by CEO Ryan Cohen.

Featured image from PeterPhoto, chart from TradingView

Based on data from the weekly price chart, Bitcoin is witnessing a significant loss of over 6% following recent widespread market liquidations. Notably, the premier cryptocurrency has taken on a consolidatory stance in the past day, as if to lend credence to growing hopes of some price recovery. However, a recent on-chain analysis points out that Bitcoin’s outward show of resilience might merely be theatrical and that the flagship cryptocurrency could be facing a dark future ahead.

Bitcoin Enters 30-Day Cumulative Realized Loss Phase Since October 2023

In a recent Quicktake post on CryptoQuant, crypto education and research group XWIN Research Japan dissects the present on-chain situation of Bitcoin, with the center of attraction being the Bitcoin Net Realized Profit/Loss metric, which shows the leading cryptocurrency has recorded a net realized loss on a 30-day basis for the first time since October 2023. 

However, the losses seen in 2023 were short-lived and rapidly retraced, unlike the current decline, which is broader and more persistent, suggesting a possible structural shift in market dynamics. At this moment, it appears that investors are less-interested in “buying the dip,” nor are they looking to “HODL” through the Bitcoin price action, and are more willing to accept losses.

For this reason, the market can be more plausibly described as being in a state of caution. It is, however, worth mentioning that the present phase does not necessarily precede a market crash. If anything, it reflects that Bitcoin may be entering a more volatile phase, independent of speculative frenzies.

Realized Profits Signal Late-Stage Of Bull Cycle 

XWIN Research further reinforces the hypotheses by referencing the trend in realized profits. According to the market experts, Realized Profits peaked in March 2024 at approximately 1.2 million BTC, and reduced slightly to 1.1 million in December 2024. 

As of July, 2025, realized profits had sharply dropped to 517,000 BTC, reflecting an increasing exit of profit-taking activity within the market. But this pales in comparison to the lower 331,000 BTC recorded in October. The analytics group explained that this contraction occurred despite a rise in prices, thus suggesting an absence of deep upside momentum.

The group further highlights that this is a telltale sign of a late-stage bull market, one which was seen in 2021-2022. In this period, realized profits slowly dropped before the Bitcoin price flipped bearish. More shockingly, the annual timeframe tells a similar story, with annual net realized profits contracting from 4.4 million BTC to 2.5 million BTC, just within October 2025 and early 2026. This is also similar to the phase that preceded the bear market of 2022.

In essence, Bitcoin is in a transitioning phase, from a mature bull phase to a volatile environment. As of this writing, the Bitcoin price stands at $89,462. 

Featured image from Pexels, chart from Tradingview

Комиссия по ценным бумагам и биржам США (SEC) отозвала судебный иск против криптобиржи Gemini братьев-близнецов Тайлера и Кэмерона Винклвоссов (Tyler и Cameron Winklevoss).

Bitcoin (BTC) is mirroring the same setup from its 2022 bull cycle, which led to a massive price crash to $20,000. According to market expert Crypto Bullet, this recurring structure could signal another major correction for BTC ahead. However, this time the leading cryptocurrency could give up almost a quarter of its current value. 

2022 Bitcoin Chart Pattern Signals Over 20% Crash

In his technical analysis released on X, Crypto Bullet revealed that Bitcoin is currently repeating a 2022 structure that could lead to a more than 20% decline in its value. To support his bearish outlook, the analyst presented a parallel chart comparing Bitcoin’s price action from 2023-2022 and 2025-2026, highlighting similar technical patterns, price behavior, and Moving Averages (MA). 

During the 2022 cycle, Bitcoin experienced a similar pattern, beginning with a test of the 100-day Moving Average (MA100), highlighted as the blue trendline on the chart. After facing rejection at that level, the price pulled back to a nearby support zone inside a rising channel. From there, BTC staged a sharp rally, surging to fresh highs around $48,500, where it aligned with the 200-day Moving Average (MA200), marked in orange. 

However, the recovery proved short-lived. Bitcoin soon reversed course and failed to reclaim the MA200 as support. Once the cryptocurrency’s price structure was lost, downside momentum accelerated, pushing the price into a much deeper correction toward the $20,000 level. 

According to Crypto Bullet, Bitcoin is repeating this exact pattern in 2026. It has already retested the MA100, gotten rejected, and moved lower into a support zone within a similar ascending channel. The chart also showed that in both cycles, BTC reached a “market cycle top,” first around December 2023 and then again in November 2025, before breaking down and entering a consolidation phase. 

Given how closely Bitcoin is mirroring its 2022 setup, Crypto Bullet has forecast another dramatic price crash, predicting a more than 23.5% drop from its current price near $89,500 to $68,450. Before this decline happens, the analyst expects BTC to experience a short-term recovery, potentially climbing back above the $100,000 psychological level to reach $102,000. 

Bitcoin Could Still Rally To $92,000

Crypto analyst Tyrex has stated that Bitcoin has been consolidating for the past 48 hours, with price holding above $89,000 for most of that period. Despite the muted price action, he believes that BTC could soon rally to $92,000. The analyst also noted that the broader market is in a state of fear, with many traders anticipating further declines in Bitcoin.

However, the analyst cautions that this expected drop may be a trap. He points out that an ascending channel is forming on Bitcoin’s chart, prompting him to adopt a more bullish outlook despite the prevailing bearish sentiment and sideways price movement.  

Featured image from Unsplash, chart from TradingView

In an interesting development, Grayscale has applied to the United States Securities and Exchange Committee to launch a spot exchange-traded fund (ETF) linked to BNB, the Binance Ecosystem’s native token. This move marks a power play by the asset management firm to further establish itself in the cryptocurrency space.

Grayscale Looks To Add To List Of Crypto-Linked ETFs

On Friday, January 23, Grayscale filed an S-1 registration statement with the SEC to launch a spot BNB exchange-traded fund in the US. According to the SEC filing, the proposed Grayscale ETF would hold the Binance ecosystem’s native token directly and issue shares designed to track the token’s market value.

This Grayscale investment product, if approved, would offer US investors exposure to the BNB token without having to own or hold the asset themselves. The asset manager’s registration statement also revealed that the exchange-traded fund would trade on the Nasdaq exchange under the ticker symbol GBNB, subject to regulatory approval. 

It is worth mentioning that Grayscale is not the first asset manager to file for a spot BNB ETF, as VanEck applied as far back as April 2025. However, this latest filing reflects the firm’s resolve to expand its list of crypto-linked investment products, especially after the successful launch of the Bitcoin and Ethereum ETFs.

It was always only a matter of time before BNB, the fourth-largest cryptocurrency by market capitalization, received extra attention from institutions focused on exchange-traded products. As such, this move by Grayscale has caught the attention of the cryptocurrency market, including former Binance CEO Changpeng ‘CZ’ Zhao.

In a Friday post on the social media platform X, CZ said that Grayscale’s submission of its S-1 filing to the SEC represents a small step toward making the United States the capital of crypto. “A small step in helping to make America the Capital of Crypto, by giving access to the 3rd largest crypto,” the Binance co-founder wrote on Friday.

Meanwhile, Bloomberg ETF expert James Seyffart concurred that a spot ETF approval could mean that the BNB token will be classified as a commodity rather than a security. This is because the approval of an exchange-traded fund is often an indication that the SEC views the underlying asset as a commodity rather than as a security.

BNB Price At A Glance

After making a play for $900 on Friday afternoon, the price of BNB now stands at around $890. According to data from CoinGecko, the fourth-largest cryptocurrency is down by nearly 5% in the past seven days.