Market just flipped the switch and $FRAX exploded. ⚡
That candle says everything. Massive demand stepped in, structure broke bullish, and momentum is fully alive. This isn’t a random spike it’s a statement move.
Bias: Bullish continuation
Pullbacks = opportunity, not fear.
Stay sharp, manage risk, and don’t fight strength.
When momentum talks like this, smart traders listen.
#WriteToEarnUpgrade #StrategyBTCPurchase $FRAX
{future}(FRAXUSDT)
US SENATE VOTING ON CLARITY ACT HAS BEEN CANCELLED 🚨
And most people don't know the exact reason behind this.
Today, the Coinbase CEO said that they won't support the Crypto Market Structure Bill.
And here are some reasons:
1) No yield on stablecoins
The Clarity Act will prohibit any yield given to stablecoin holders.
This is beneficial for banks, as it'll kill their competition.
Even the JP Morgan CFO said that if stablecoin yields were to happen, a massive outflow from banks would happen.
2) De Facto Ban on Tokenized Equities
The Clarity Act forces "tokenized financial instruments" into the SEC's strict securities framework.
This limits innovation by requiring centralized control for compliance, which bans peer-to-peer or DeFi-style tokenization of stocks.
3) DeFi prohibitions
The Clarity Act requires AML/KYC, which prohibits anonymous and permissionless DeFi.
It also requires user identification and transaction monitoring, which kills the purpose of DeFi.
If you pay attention to all these things, you'll find something common.
Most of the things in the Clarity Act have been written in favour of the banking industry and not crypto.
Banks don't want to lose their monopoly, so they are trying to kill the crypto innovation.
Big banks know that their days are numbered, and now they are at the "then they fight you" stage.
$ETH LOWER HIGH REJECTING NEAR INTRADAY SUPPLY
Bounce from the lows is losing steam and price is stalling below prior rejection. Structure still looks corrective and momentum is weak into resistance. As long as ETH stays capped here, downside continuation remains in play.
EP 3,330 to 3,360
TP1 3,300
TP2 3,260
TP3 3,220
SL 3,395
Let’s go $ETH
💰 STHs take profits !
For now, short term holders (STHs) remain highly sensitive to market fluctuations, even if the current move can be classified as a technical rebound.
👉 Some appear to be taking advantage of this positive price action to already realize profits.
As price approaches their realized price, currently around $102,000, their behavior seems to be increasingly focused on capital preservation.
On January 6, as BTC reached $94,000, a price level that had not been revisited since mid November, STHs sent more than 30,000 BTC in profit to exchanges.
💥 This behavior was even more pronounced yesterday, with over 40,000 BTC in profits sent to exchanges as BTC broke above $97,000.
STHs remain clearly impacted by the recent correction, and it seems that more upside and stronger confirmation will be needed to rebuild confidence and generate enough unrealized profits to encourage them to hold rather than sell.
🚨 Bitcoin holds near $96K as Asian stocks turn mixed after Wall Street slides
📈 I’m seeing Bitcoin edge up around $96,000 as traders track a broader macro risk mood, with markets staying cautious after another soft session on Wall Street.
🌏 Asian markets opened mixed, with Japan’s Nikkei down about 1%, while South Korea and Australia managed small gains, showing there’s no clear risk direction right now.
📉 The pressure mainly came from the US, where the Nasdaq 100 dropped 1.1%, and the S&P 500 fell 0.5%, mostly driven by weakness in big tech names.
📊 The market snapshot in the article shows BTC around $96,177 (+0.8%), ETH near $3,310, and total crypto market cap around $3.34T, even though it was slightly down on the day.
💥 Another big theme is the “crypto reset” that’s happening after heavy liquidations, with analysts watching deleveraging as open interest drops sharply from peak levels.
🧠 The article notes Bitcoin open interest is down more than 31% from its 2025 peak and is now stabilizing around $10B, which is basically what a market cooling off looks like after traders got overleveraged.
🔥 The interesting part is that spot activity is still strong, since spot volumes were close to $60B, meaning people are still trading actively even as leverage flushes out.
✅ My takeaway is this: BTC holding $96K while leverage resets is actually healthy, but short-term direction will still depend on macro, tech stocks, and whether risk sentiment stays stable or breaks down again.
$BTC $XRP $ETH
$BTC LOWER HIGH HOLDING BELOW PRIOR REJECTION
Price bounced from the lows but is struggling to push higher. The recovery looks corrective and momentum is fading near resistance. As long as BTC stays capped below this zone, downside risk remains active.
EP 96,600 to 96,900
TP1 96,000
TP2 95,400
TP3 94,700
SL 97,300
Let’s go $BTC