Bitcoin Surges Above $87,000

On January 26th, Polymarket forecasts a 49% chance Bitcoin will fall to $85,000 in January. Meanwhile, the odds of it dropping to $80,000 are 11%, and just 4% for it to rise to $100,000.

January 26th — Per LookOnChain monitoring, a whale has been accumulating ETH on dips amid a market downturn. The OTC whale (0xFB7) purchased an additional 20,000 ETH (worth $56.13 million) six hours ago. Over the past five days, the whale has amassed a total of 70,013 ETH (valued at $203.6 million).

January 26 – Moonbirds Official Statement: No snapshot has been taken for the Moonbirds, Mythics, or Oddities NFT series.

January 26th: Chris Burniske, former crypto lead at Ark Invest and now a partner at Placeholder VC, said: “I haven’t started buying yet, but if I were a buyer, key Bitcoin (BTC) price levels to watch would include: - ~$80k: November 2025 low, also a phased low in this bear market cycle; - ~$74k: April 2025 low (during the “Tariff Tantrum” period), slightly below MicroStrategy’s (MSTR) cost basis (~$76k); - ~$70k: Upper end of the $50k-$70k range, near the 2021 bull market high; - ~$58k: 200-week moving average, plus on-chain cost range (realized value ~$56k); - $50k and below: Lower bound of the weekly range, with strong psychological significance—if this level breaks, the “Bitcoin is dead” narrative may resurface. Importantly, I’m not focused on short-term market direction. If prices continue rebounding from current levels, I’ll hold my existing positions and gradually diversify my investments; if the market drops sharply, I’ll add to my BTC holdings and select crypto

On January 26, per HyperInsight monitoring, as gold prices continued to surge—breaking above $5,100 per ounce to notch a new all-time high today—whales holding long positions in PAXG (on-chain gold) on Hyperliquid have generally secured substantial unrealized profits. Among these, the whale with the largest on-chain gold PAXG long position (address: 0xfd6) saw its 5x leveraged PAXG long position’s unrealized gains swell to $710,000, translating to an approximate 96% return. Its current position size is around $3.71 million, with an average entry price of $4,126. This whale set a take-profit order as early as November 1 last year, targeting $8,850 for the long position. The position was opened on October 22 last year, and the account currently holds only the on-chain gold token PAXG.

Spot gold jumped $100.53 in intraday trading on January 26th, according to market data from Bitget. The latest price stands at $5086.66 per ounce, marking a 2.02% gain.