Google data shows that searches for "Bitcoin is Dead" have surged to a record reading of 100 on a relative scale, alongside multi‑year highs for phrases about Bitcoin going to zero. While Bitcoin trades around $68k following a 47% decline since October 2025, some analysts view this spike in pessimistic search interest as a sign of a possible long‑term market bottom, though they do not expect an immediate reversal.

Peter Schiff, chairman of Schiff Gold, tweeted yesterday that Bitcoin may slide toward $20,000 if its long-term $50k support gives way. On February 12, he said the cryptocurrency's "initial support" was around $10k. At press time, Bitcoin was near $68k after a failed move above $70k.

CryptoQuant data shows that over the past 13 months, centralized exchanges have recorded a cumulative $209 billion imbalance favoring altcoin sell orders, while Bitcoin trades around 68.8K. An analyst argues this persistent pressure, despite spot ETFs for assets like XRP and SOL, signals structural weakness and a lack of institutional accumulation rather than a brief market dip.

Earlier in Asian and other global markets, major cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, BNB and XRP traded under pressure following Coinbase's reported $667 million loss for the final quarter of 2025. Bitcoin briefly dropped toward $65k before rebounding to around $67k, while Standard Chartered projected a potential short-term decline to $50k ahead of a possible recovery to $100k by year-end.

Bitcoin is forming a major liquidity cluster between the $72,000–$80,000 range, with an additional notable cluster near $67,000–$68,000. Current price action around $68,500 suggests bears still dominate, but liquidation data indicates short positions in the higher band could face pressure if bulls drive a short-term recovery.

Investment firm River reported that over 60% of the 25 largest U.S. banks now offer Bitcoin custody or trading services, with institutions such as JPMorgan Chase, Citigroup, Goldman Sachs, Wells Fargo, BNY Mellon, and Morgan Stanley involved. As banks expand Bitcoin access mainly for high-net-worth clients, they remain in conflict with crypto exchanges over the CLARITY Act, which the U.S. Senate is scheduled to vote on January 29.

Crypto analytics data indicate that XRP whales accumulated more than 50 million XRP worth about $103 million over the last week while the price trades slightly above $2.05. At the same time, XRP balances on Binance have fallen from over 3 billion tokens before the October 10 crash to around 2.6 billion, the lowest level in roughly two years. This combination of large-scale accumulation and shrinking exchange reserves could set the stage for a potential supply-driven price move if current trends persist.

Ethereum has seen a strong rebound in on-chain activity, with monthly new addresses reportedly climbing 100% to reach 8 million and daily active addresses surpassing 1 million. Network usage is being driven by new users, record daily transactions of 2.8 million and rising unique addresses, while the ETH price trades around $3.3k with modest monthly gains.

Binance founder Changpeng Zhao stated on Twitter that major US banks are "loading up" on Bitcoin as retail investors sell. Reported positions include Wells Fargo's $383 million BTC purchase, Morgan Stanley's $270 million in GBTC, and Goldman Sachs holding $1.3 billion in BlackRock's ETF plus $300 million in Fidelity's product.