Peter Brandt: Bitcoin Bear Market Channel Formed, Price Needs to Reclaim $93K to Turn Bullish

January 26 — LookOnChain monitoring data shows BlackRock has deposited 1,814.76 BTC (valued at ~$159.46 million) and 15,112 ETH (valued at ~$43.75 million) to Coinbase over the past 25 minutes, with the asset manager potentially making additional deposits later.

January 26 — Per Onchain Lens monitoring, a fresh address withdrew 11,000 ETH (worth ~$31.78 million) from Binance 40 minutes ago. The address then deposited those ETH into Aave V3, borrowed 30 million USDC, and returned to Binance to purchase additional ETH. Currently, the whale holds a total of 72,000 ETH, valued at approximately $208.5 million. BlockBeats Note: The address is labeled a "BTC OG Insider Whale" by another on-chain data tracker, LookIntoBitcoin.

Per official sources on January 26, Binance will list a Tesla (TSLA) Leveraged Token perpetual contract on January 28, 2026, at 22:30 UTC+8, supporting up to 5x leverage. The contract tracks the price of Tesla Inc. common stock, which trades on NASDAQ under the ticker symbol TSLA.

On January 26, Li Hua, founder of Liquid Capital (formerly LD Capital), posted on social media: “Market volatility has been pretty wild these past few days. From our research, short sellers have been dumping like crazy—but that hasn’t dented the overall bullish trend, especially with the U.S. stock market’s sustained strength and the national strategic backdrop for crypto in the U.S. We’re not swayed, and we won’t change our investment strategy. “Our last round of ETH investments netted nearly 2.5x returns. We also navigated ETH dropping from $2800 to $2100 amid the Middle East black swan event—so a few hundred dollars in swings is totally normal. The recent bull market’s been mocked online, too: billions in value swinging overnight, like a roller coaster. But as the saying goes, ‘the rougher the waves, the more precious the fish.’ And there’s no certainty in investing. “Our ongoing strategy: buy the dip, deploy multiple strategies, and accumulate more ETH. Lately, hedge funds

On January 26, official sources confirmed that Upbit—South Korea’s largest centralized cryptocurrency exchange (CEX)—has issued an announcement stating Solare (SXP) has been flagged for a cautious review by member firms of the Digital Asset Exchange Alliance (DAXA). Upbit has suspended SXP deposit services in the meantime. Once flagged, Upbit typically conducts a detailed review of the digital asset to determine whether to extend the review designation, lift it, or ultimately terminate trading support for SXP.

Per LookOnChain monitoring, an address starting with 0xbe4C withdrew 392 XAUT from crypto exchanges Bybit and Gate over the past two hours (Jan 26), with the total valued at roughly $2 million.