CEX and DEX Trading Volume in December Decreased by Over 45% on Average Compared to October, CEX Volume Hits Lowest Level Since September 2017

On January 3, 2026 — the first trading day of the year — Onchain Lens data reveals a whale with address 0xEa6 deposited $8 million in USDC and opened multiple long positions, currently holding an unrealized profit of roughly $2.8 million. The whale now holds 12 positions, including BTC, XPL, PUMP, MON, VVV, STBL, STABLE, IP, HEMI, GRIFFAIN, MAVIA, and AIXBT.

On January 3, 10x Research took to social media, hinting at a potential structural rebound opportunity in the crypto market. “Significant shifts are unfolding beneath the surface of the crypto market,” the firm shared. “Bitcoin’s dominance is starting to wane, and our model has identified a historic key inflection point—one where signals have flipped from defense to opportunity. This cycle’s focus isn’t on individual tokens or narratives—it’s on the broad validation pattern emerging between mainstream coins and select altcoins. Momentum, relative performance, and market participation are starting to align, and traders can’t afford to ignore this. “The current environment isn’t a ‘rising tide’ market, nor is it suited for passive waiting. The next phase will put discipline, strategic rules, and active position management to the test; clear risk control will be critical to distinguishing profit-takers from market noise. While most investors wait for headline news to guide their mov

On January 3rd, Glassnode took to social media to note that slowing inflows and long-term holders accelerating their loss-taking are happening simultaneously. This market dynamic is emerging as prices trade in a tightening range, reflecting growing investor fatigue over time — a hallmark of a prolonged bear market phase.

On Jan. 3, LookOnChain monitoring data reveals a whale or institutional investor purchased 12,166 ETH (valued at $38.09 million) from Coinbase, FalconX, and Cumberland five hours ago.

Jan. 3 – Tom Lee, Chairman of Ethereum-focused treasury firm BitMine, said in a social media post that the company needs to expand its authorized share capital for three key reasons: ? To create room for selective subsequent issuance (ATM) and financing ? To enable seizing strategic trading opportunities (e.g., mergers and acquisitions) ? To accommodate future stock split needs (most critical) Stock splits require sufficient total authorized share capital to meet operational needs, Lee noted. With Ethereum widely viewed as the future of finance, he projects ETH/BTC could hit a target rate of 0.25. If ETH climbs to $250,000 down the line, BitMine’s BMNR shares would reach $5,000 then. To make it easier for the public to invest in the stock, the company plans to reset its share price to roughly $25 via a stock split—an operation that would boost total outstanding shares. As such, BitMine can only carry out future stock splits after expanding its authorized share capital. Lik

On January 3, Matthew Sigel, VanEck’s Director of Digital Assets, outlined key takeaways in the firm’s 2026 Digital Assets Outlook, noting digital assets are sending a complex yet positive signal to start the year. Bitcoin’s prior cycle saw an ~80% peak-to-trough drop, but realized volatility has since fallen by nearly half—suggesting this cycle’s decline may shrink to around 40%. The market has already absorbed roughly 35% of that projected drop, per Sigel. Bitcoin’s historic four-year cycle (often peaking in the window after U.S. elections) remains intact following its early October 2025 high. This pattern points to 2026 being a year of consolidation, not sharp gains or a crash. Global liquidity in 2026 is mixed: rate-cut expectations offer support, but U.S. liquidity has tightened slightly as AI-driven capital expenditure booms collide with a fragile funding market, widening credit spreads. Crypto ecosystem leverage has been reset after multiple washouts, while on-chain act