2026-01-16 02:28:48

The rapid rise earlier was mainly driven by short covering, and once the momentum was released, the market fell into weakness. The recent downward trend has indeed been uncomfortable, and the market seems to have entered a sluggish period.

After BTC surged to 97,000, the follow-up capital was clearly insufficient. Interestingly, its movement is quite "awkward" compared to the US stock market——when US stocks rise, it doesn't perform much; when US stocks fall, it tends to be pulled up. This kind of trend logic is not very clear, so it's better to stay on the sidelines in the short term.

ETH has entered a sideways range, and although everyone has heard the good news, it seems to have limited power to push the market.

SOL is a bit different; on-chain activity has started to increase, which brings some imagination for a potential rally of the main token. Whether it can break through with this wave of activity still depends on further observation.

BTC-12,99%

ETH-13,35%

SOL-14,73%

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AirdropHunter007

· 01-18 06:56

97k was taken down, this is the consequence of a short squeeze.

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SolidityNewbie

· 01-17 03:24

Once the short positions are wiped out, no one is left. That’s the real truth. Wait, BTC and US stocks are moving in opposite directions? Is it manipulation or what? SOL activity increases, and they want to pump the price? Let’s believe it for now. I’m really tired of this sideways trading. When will there be a breakthrough? Where did all the funds go? Such a small amount of follow-up trading.

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FUD_Vaccinated

· 01-16 23:05

Once the short positions are wiped out, there's no one left. This tactic is old. So it's been like this since '96, and it's extremely frustrating with the US stocks, it's ridiculous. ETH has been sideways for a long time, tired of hearing about the good news. SOL activity is increasing; I can only say there's a chance to watch.

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DataOnlooker

· 01-16 02:58

The work of爆空单 will eventually come to an end, and today is the day to eat noodles. The awkwardness between BTC and the US stock market feels like someone is secretly doing reverse operations. ETH positive news? The holdings are piling up, but retail investors are still in a daze. SOL chain activity has picked up, and this is real gold and silver, much more reliable than just shouting slogans.

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StakeWhisperer

· 01-16 02:58

The short squeeze can't last for more than a few days, it's starting to reveal now. BTC and US stocks are moving inversely, this move is a bit tricky. SOL activity has increased, finally some hope. If it continues to consolidate sideways, I'll fall asleep.

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ImpermanentLossEnjoyer

· 01-16 02:55

The狂欢 of爆空单 has come to an end, this is reality After 97000, no one is left, hilarious. The US stocks are also not cooperating, how to trade SOL activity is increasing? Then I’ll just wait to be cut, haha Sideways boring, I’ll just withdraw and watch the show first

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SignatureAnxiety

· 01-16 02:49

After closing the short positions, no one is left, tired of this routine. --- 97K bagholders, how are you feeling now? --- The way the US stock market is handling BTC is honestly a bit disgusting. --- After the positive news for ETH, we still need to look at the fundamentals. --- The activity on the SOL chain has increased; this time, it might not be just a false alarm. --- Sideways trading is the most torturous. Had I known, I wouldn't have gone all-in last year. --- Funds have all moved to the US stock market; this crypto pit is a bit deep. --- Short-term wait-and-see? Wait until the Year of the Monkey, I guess. --- This recent pullback feels like the bottom needs to be redefined.

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