Analysis: Driven by safe-haven demand and a weakening US dollar, silver is approaching $100 per ounce.

Coinbase Institutional’s latest **Charting Crypto report**, released January 23, states the crypto market’s structural foundation has strengthened in early 2026 following a late-2025 correction. The report emphasizes improved market positioning and a more balanced environment—trends expected to persist through Q1 2026. David Duong, Global Head of Investment Research at Coinbase Institutional, noted: “While the shadow of last year’s high-leverage liquidations lingers, we remain constructive on the crypto market’s early-year outlook. That said, there are several reasons for optimism heading into Q1 2026.” The report adds the Q4 2025 pullback cleared excessive leverage and speculative positions, returning the market to a healthier state. Current conditions do not signal a return to risk appetite, but rather reflect a need for adjustment. Investor participation remains active but more cautious, with position allocations more rational and orderly than during the expansion phase. Co

On January 23, LookOnChain monitoring data shows a "whale" has deposited another 250,000 USDC into Hyperliquid, further expanding its ETH long position. Current holdings total 4,450 ETH (roughly $12.94 million), with a liquidation price of $2,841.97.

Jan 23rd: Per HyperInsight monitoring, "Brother Ma Ji" Huang Licheng has trimmed his ETH long position. He currently holds a 3,600-ETH long position with 25x leverage (valued at ~$10.49M), with an average entry price of $2,945.42, an unrealized loss of 28% (~$110k), and a liquidation price of $2,880.36.

On January 23, the final reading of the U.S. January year-over-year inflation rate came in at 4%, below the market expectation of 4.2% and down from the prior reading of 4.20%. (FXStreet)

On January 23, LookOnChain data shows a whale address (0xffe6) unstaked 665,035 HYPE tokens (valued at ~$14.23 million) and transferred them to crypto exchange Bybit.

**Jan. 23 (CoinDesk) —** Ethereum and the broader crypto market pulled back this week despite a strong start to 2024, but Standard Chartered’s Head of Digital Asset Research Geoff Kendrick remains bullish on the space. ETH traded around $2,912 during early U.S. trading Friday, down ~12% on the week and now 1.7% lower year-to-date (YTD). BitMine (BMNR) — the largest corporate holder of Ethereum currently, per Tom Lee — saw its stock drop nearly 9% this week, pushing its YTD decline to ~10%. Kendrick highlighted a surge in Ethereum network activity lately, with transaction volume hitting a record high. That’s largely tied to December’s Fusaka upgrade, which boosted capacity. Unlike past upgrades that failed to drive sustained growth, Fusaka has eased bottlenecks, letting more users and devs transact smoothly — a key difference from prior cycles, he noted. BitMine hasn’t slowed its Ethereum purchases, Kendrick added, and Lee outlined plans for more acquisitions at the firm’s annu