Invest ideasNews
21 Jan 2026, 11:02
Is Bitcoin Heading for $60K? Bear Flag Signal Explained
Bitcoin (BTC) is testing a key support level after a sharp drop from its peak. It fell under $90,000 recently and is hovering above the lower edge of a bearish chart pattern. Analysts are watching as the risk of further downside grows, with some pointing to $60,000 as the next possible target. Bitcoin Slips Below $90K on Global Market Jitters Bitcoin spent the weekend trading around $95,000 but lost momentum as global markets opened. The move followed fresh tensions between the US and the EU, along with movements in Japanese bond markets, which led to increased pressure on risk assets, which was enough to pull it down from $95,500 to under $92,000. The cryptocurrency made a small recovery later in the day but slipped early Tuesday again, reaching a low of $87,900 before bouncing back to around $89,000. At the time of writing, Bitcoin is priced at around $89,100. The asset is down 2% over the past 24 hours and almost 6% over the past week (per CoinGecko’s data). Bear Flag Breakdown May Send BTC Toward $60K Bitcoin’s recent price action forms a classic bear flag on the daily chart. This pattern follows a steep drop of nearly 32%, from a high near $126,000 to $85,000. Since then, BTC has traded within a rising channel, which is viewed as a temporary pause before another drop. Crypto analyst Crypto Patel posted , “$BTC is testing critical $87K bear flag channel support. Breakdown and sustained close below this level opens path to $60K liquidity zone.” The pattern suggests that if the $87,000 support fails, the price could fall another 31%, reaching the $60,000–$61,000 area. As previously reported , veteran trader Peter Brandt also noted the risk of Bitcoin falling into the $58,000–$62,000 range if this setup plays out. Moreover, Michaël van de Poppe, founder of MNF Fund, said the current chart shows Bitcoin taking out recent lows, with RSI levels near oversold conditions. He commented, “We could see a short-term bounce, not a reversal.” For a true reversal to take place, Bitcoin would need to break through multiple resistance levels that still remain above the current price. The markets are not great. #Bitcoin breaks down into the range and starts to plummet as geopolitics getting worse. Peak fear happening all over the place, with Gold printing double digit gains week after week. Davos happening now, additional meeting on Thursday (perhaps)… pic.twitter.com/NeDUNhdklv — Michaël van de Poppe (@CryptoMichNL) January 20, 2026 The broader market is also in a fragile state. Bond yields are rising, gold is gaining strength, and geopolitical concerns are weighing on investor confidence. With world leaders meeting in Davos on Thursday, traders expect more price swings ahead. Whales Step In as Selling Builds More than $1 billion in leveraged crypto positions were wiped out as Bitcoin slipped below $90,000 (per CoinGlass). At the same time, activity from large wallets has increased, according to data from CryptoQuant analyst Amr Taha. On January 20, over $400 million worth of BTC was sent to spot exchanges. A similar move was seen on January 15, followed by a sharp drop to $96,000. In addition, Net Taker Volume on Binance Futures also recorded a large negative value of –$319 million on January 20. This reading shows heavy market selling pressure and is the second time this month the number has crossed the –$300 million mark. The post Is Bitcoin Heading for $60K? Bear Flag Signal Explained appeared first on CryptoPotato .
21 Jan 2026, 11:00
Binance adds Ripple's RLUSD native stablecoin to trading pairs
Binance will add Ripple’s dollar-backed stablecoin RLUSD to its markets. The token will launch in its Ethereum version in pairs against XRP and RLUSD. Binance has added Ripple’s stablecoin RLUSD to its markets. Initially, the asset will start trading in its Ethereum ERC-20 version, in pairs against USDT and XRP. Later, Binance is expected to add the XRPL network, the native platform of RLUSD . The asset will launch with a zero-fee promotion. Binance will list Ripple USD (RLUSD) and introduce a zero-trading-fee promotion for RLUSD. Find out more 👉 https://t.co/DBPQphsYci pic.twitter.com/wtceivebNW — Binance (@binance) January 21, 2026 Binance has expanded its stablecoin portfolio, becoming a source of liquidity for the smaller dollar-pegged assets. RLUSD is still growing its influence in centralized and decentralized trading. RLUSD will launch with spot markets, as well as arbitrage and leveraged trading. The stablecoin may also be added to the Binance Earn program, offering potential benefits for RLUSD holders. RLUSD reaches peak supply Ahead of the Binance listing, RLUSD expanded its supply to a new peak of over $1.4B. The token is backed by USD deposits, short-term US treasuries and cash-like equivalents, aiming to align with the latest stablecoin valuations. RLUSD expanded its supply to a new record of over $1.4B, with over $1B held on the Ethereum network, and the rest on XRPL. | Source: Coingecko The Binance centralized listing will make RLUSD more visible while boosting adoption for its XRPL version. The token will also expand the liquidity for XRP with a new trading pair for native holders. RLUSD also aims to expand to institutional-grade DeFi as well as serve in payment applications and remittances. Binance will supply additional deep liquidity to add to the token’s credibility. Before the Binance listing, RLUSD traded mostly on Bullish and Bybit. Around $1.07B of the supply is on Ethereum, with the remaining tokens on the XRPL distributed ledger. RLUSD is minted under a New York Limited Purpose Trust Company charter, while Ripple now carries a conditional approval for an OCC charter. The stablecoin is expected to become a part of Ripple’s toolset in the case of a final approval for the company’s banking license. While RLUSD has a relatively low supply and influence, it can grow based on its fully regulated status, with no restrictions on the US and international markets. The listing arrives as XRP weakened to $1.91 following the general market downturn. However, Ripple continues to expand its other features under all market conditions. Binance launches RLUSD trading from January 22 The RLUSD markets will open on Binance from January 22. Initial trading will start with deposits only. RLUSD withdrawals will open from January 23, initially in the Ethereum-based version. The promotional fee period starts from January 22 and will continue until further notice. The token may be eligible for margin trading for some user portfolios. The listing of RLUSD is expected to bring new liquidity, which may flow back to XRP. For now, the XRP mindshare has only increased slightly following the news, as the general crypto sentiment remains low. If you're reading this, you’re already ahead. Stay there with our newsletter .
21 Jan 2026, 11:00
ONDO whales withdraw $14 mln – Is the market preparing for a reversal?
ONDO shows quiet accumulation signs as downside pressure weakens beneath resistance.
21 Jan 2026, 11:00
Grayscale Files to Convert NEAR Trust Into ETF
The firm plans to list on NYSE Arca pending approval. The Grayscale NEAR Trust, which trades on OTCQB under the ticker GSNR, holds about $900,000 in assets and has seen its net asset value decline roughly 45% since launch. The underlying NEAR Protocol token is also more than 90% below its 2022 peak. At the same time, US spot crypto ETFs experienced large outflows. According to SoSoValue, spot Bitcoin and Ethereum ETFs recorded a combined $713 million in net outflows in a single day. These outflows were led by withdrawals from Grayscale’s GBTC, Fidelity’s FBTC, and BlackRock’s ETHA. Grayscale Expands ETF Lineup Crypto asset manager Grayscale took another step in expanding its exchange-traded product lineup after filing with the US Securities and Exchange Commission (SEC) to convert its existing NEAR Protocol Trust into an exchange-traded fund ( ETF ). The company submitted a preliminary prospectus on Tuesday for the Grayscale NEAR Trust, which currently offers investors exposure to NEAR Protocol tokens through shares representing fractional ownership of the underlying asset. Grayscale intends for the converted product to trade on NYSE Arca, pending regulatory approval. The filing follows a familiar playbook for Grayscale , which historically launched crypto investment products as private trusts, transitioned them to over-the-counter markets, and later sought conversion into fully listed exchange-traded products. That approach gained traction in 2025, when the firm successfully converted several vehicles into ETFs, including its Digital Large Cap Fund, its Chainlink Trust, and its XRP Trust. More recently, Grayscale also formed new Delaware statutory trusts tied to potential future products linked to Binance Coin and Hyperliquid . The Grayscale NEAR Trust currently trades under the ticker GSNR on OTCQB, a secondary market operated by OTC Markets Group. Since beginning public trading in September, the trust accumulated roughly $900,000 in assets under management. However, its performance has reflected the weakness across altcoin markets. The trust’s net asset value per share stands at about $2.19, which is a decline of roughly 45% since launch. Grayscale Near Trust fact sheet The underlying NEAR token has faced even steeper losses over a longer time frame. NEAR Protocol, which is a high-performance, AI-native blockchain designed for decentralized applications and autonomous agents, saw its token surge above $20 at the peak of the 2022 AI-driven market rally. Since then, prices have fallen by more than 90%, with NEAR currently trading close to $1.53. NEAR’s price action over the past year (Source: CoinCodex) If approved, the conversion of the NEAR Trust into an ETF would be another milestone in Grayscale’s effort to bring a wider range of digital assets into traditional investment markets. Bitcoin and Ethereum ETFs Shed $713M in One Day In other crypto ETF news, US spot Bitcoin and Ethereum ETFs saw heavy selling pressure on Tuesday, and recorded a combined net outflow of roughly $713 million thanks to macroeconomic and geopolitical uncertainty. Data from SoSoValue shows that spot Bitcoin ETFs accounted for the majority of the outflows, with $483.4 million exiting eight funds in a single session. Among Bitcoin products , Grayscale’s flagship GBTC recorded the largest daily outflow at $160.8 million, followed closely by Fidelity’s FBTC, which shed $152 million. The latest figures build on last Friday’s selling wave, when spot Bitcoin ETFs collectively lost $395 million. Bitcoin ETF flows (Source: SoSoValue) Spot Ethereum ETFs also reversed course after several days of inflows by posting $230 million in net outflows across six funds and snapping a five-day positive streak. BlackRock’s ETHA led Ether-related losses, with $92.3 million leaving the fund in one day. The ETF drawdowns coincided with broader weakness in the crypto market, as Bitcoin slipped below $89,000 after trading above $97,000 just a week earlier, while Ethereum fell under the $3,000 level . Ethereum ETF flows (Source: SoSoValue) Analysts attribute the pullback to macro-driven stress rather than crypto-specific fundamentals. Ongoing geopolitical friction, particularly the unresolved trade dispute between the United States and the European Union over Greenland, contributed to investor caution. Presto Research Head of Research Peter Chung pointed out that panic selling of Japanese government bonds by domestic investors tightened global liquidity conditions, pressuring equities and digital assets. BTSE COO Jeff Mei said markets reacted negatively to renewed tariff threats from US President Donald Trump, though some traders still expect the rhetoric to soften to avoid broader economic fallout. Despite the ETF outflows, several analysts argue the moves reflect short-term institutional de-risking rather than a structural shift away from crypto. LVRG Research Director Nick Ruck described current conditions as a healthy consolidation phase following early-2026 volatility , pointing to strong institutional infrastructure that could support renewed inflows once macro signals stabilize.
21 Jan 2026, 10:58
Solana Mobile Launches SKR Token for Seeker Users: How to Claim
Solana Mobile has rolled out its new token, SKR, and it is now live with a fresh airdrop for Seeker phone users. The company confirmed the claim window opened on Tuesday, giving eligible users a direct way to collect tokens inside the Seeker’s built-in wallet. Significantly, the move ties mobile hardware to on-chain ownership, as Solana Mobile positions SKR as the core asset that will steer incentives and long-term participation across its ecosystem. SKR Airdrop Goes Live With a 90-Day Claim Window Solana Mobile said Seeker owners can claim SKR directly through the device’s native wallet experience. Additionally, the company set a 90-day deadline for claims. After that period, unclaimed allocations will return to the airdrop pool, which could support future community distribution. The eligibility list also extends beyond hardware buyers. Developers who launched high-quality apps in the dApp Store during Season 1 also qualify. Consequently, Solana Mobile rewards both early users and builders who helped shape its mobile app marketplace. Token Supply, Airdrop Allocation, and Inflation Design Solana Mobile has set SKR’s total supply at 10 billion tokens. Moreover, the project allocates 30% to airdrops and unlocks at launch, aiming to seed broad ownership early. The company framed SKR as the main asset for ecosystem control, economics, incentives, and ownership. Solana Mobile also encouraged recipients to stake SKR after claiming. Hence, staking becomes a key part of how users may stay involved over time. The project uses inflation events every 48 hours, which creates frequent reward cycles for early participants. The inflation schedule starts at 10% annually and drops by 25% each year. However, once inflation falls to 2%, the rate stays fixed for future issuance. This structure aims to balance early rewards with longer-term supply discipline. Seeker Season 2 Expands Apps and Rewards The SKR launch arrives alongside Seeker’s Season 2 campaign, which begins on Wednesday. Additionally, Solana Mobile plans new apps, rewards, and early access opportunities. The company will highlight categories such as DeFi, gaming, payments, trading, and DePIN. Seeker also continues Solana Mobile’s push to build crypto-ready Android devices. It follows the earlier Saga phone and includes Seed Vault key storage for added security. Besides that, the Seeker includes a built-in Solana dApp Store for discovering on-chain apps. Solana Mobile previously reported 150,000 Seeker preorders and planned shipments to over 50 countries. Consequently, the company now has a larger base to test whether crypto phones can scale.
21 Jan 2026, 10:50
GameFi Tokens Axie Infinity, The Sandbox Defy Crypto's Bearish Trend
The crypto gaming tokens posted double-digit weekly gains, bucking the broader market downturn—but experts urge caution.
