Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

January 13th — Analysis firm XWIN Research Japan reports the U.S. Senate Banking Committee will hold a hearing on the crypto bill “CLARITY Act” on January 15th. This hearing shouldn’t be viewed as a short-term price catalyst, but rather a potential turning point for Bitcoin’s standing within the U.S. regulatory framework. While prices remain relatively stable, on-chain data already shows a shift in market behavior. CEX net flow is a key signal: During periods of regulatory uncertainty, Bitcoin typically flows into centralized exchanges (CEXs) as investors prepare to sell. However, such inflows remain limited ahead of the CLARITY Act discussion—indicating market participants don’t see the legislative process as an event requiring an immediate risk-off move. The Spent Output Profit Ratio (SOPR) confirms this trend. In conclusion, these indicators suggest the market isn’t in a defensive stance but is staying patient. Investors don’t appear to be frequently rotating positions; ins

**Grayscale Updates Q1 2026 “Assets Under Consideration” List** Grayscale announced its latest “Assets Under Consideration” roster for Q1 2026 on January 13, expanding slightly to 36 potential altcoins across six key blockchain sectors—up from 32 assets in Q4 2025. Key sector changes: - **Smart Contracts**: Added Tron (TRX) - **Consumer & Culture**: Added ARIA Protocol (ARIAIP) - **Artificial Intelligence**: Added Nous Research + Poseidon; Removed Prime Intellect - **Public Utility & Services**: Added DoubleZero (2Z) Inclusion on the list does not guarantee a product launch, but signals the assets are under active evaluation.

On January 13th, per data from HyperInsight monitoring (https://t.me/HyperInsight), a whale known as “ZEC Maxi Short” partially took profits on its ZEC short position over the past half hour—selling 3,776.39 ZEC (worth ~$1.465 million). The whale’s current ZEC short position remains around $5.933 million, with a floating profit of ~$239,600 (20%), an average entry price of $419.89, and a liquidation price of $3,183.01. This address is well-known for opening a massive ZEC short at $184; at one point, it faced a floating loss of $21 million before turning that loss into a profit. Currently, it also holds large short positions in ETH and MON.

Jan 13 — HyperInsight monitoring reports that in the past 30 minutes, a whale address starting with 0x10a has added 25 BTC to its position at ~$92,074 (≈$2.3 million). The address now holds a 7x leveraged BTC long position of 155 BTC, valued at ~$14.28 million. Its average entry price for this BTC long is ~$90,806, with an unrealized profit of ~$205,800 (10%) and a liquidation price of $78,424.3. Beyond BTC, the address also holds 10x leveraged long positions for PEPE and SOL: the PEPE position is worth ~$1.0121 million, while the SOL position is ~$0.5055 million. Total contract account position size currently stands at ~$15.8 million.

As of January 13th, per HyperInsight monitoring (link: https://t.me/HyperInsight), a whale with an address starting with 0x717 liquidated a prior $6.5 million ETH long position near $3137 within the past half hour. Immediately after, the whale opened a new 20x leveraged ETH long position at $3125, with a position size of approximately $3.65 million. The current unrealized profit on this position is around $2,837.

On January 13, CryptoQuant analyst Axel took to social media to note that current market volatility has fallen to an extremely low level—one that often precedes a price breakout from a narrow trading range. Axel noted Bitcoin’s realized volatility has compressed to 23%—a threshold that rarely persists long statistically. Historically, such compressed volatility typically gives way to a sharp spike in volatility. Extended periods of extremely low volatility signal a delicate balance between supply and demand; in turn, the market usually enters an active phase of liquidity redistribution, with a notable expansion in its price range. That said, the indicator does not point to a breakout direction nor does it qualify as a trading signal.