A busy week started and as tension increased on the macro front, Bitcoin lost its support of $94 thousand. Boring days for altcoin investors continue in January. But unlike the last quarter of 2025, there are some recovery signals. Moreover, it is likely that the compressed agenda such as EU tensions and the Supreme Court decision will be eliminated in the coming weeks, opening up space for cryptocurrencies to rise.
Hash Ribbons Signal
This indicator Bitcoin It monitors the total processing power (hash rate) on its network. Compares the short and long term average. BTC price When it drops too much or costs increase, small miners shut down their machines as they lose money, and the red vertical columns on the chart take their place as a “sign to give up”.
By sharing the chart below, On-Chain-Mind says that the bearish period supported by forced sellers is now about to end. Historically, after this give-in phase is over (where the red areas turn into white charts), significant increases in Bitcoin price begin.
The white line on the chart is the BTC price, the red vertical stripes are periods when miners are in trouble or selling.
“We are currently seeing one of the largest Hash Ribbons signals on record.
Hash Ribbons tracks miners’ stress by comparing short- and long-term hash rate trends. When miners give up and then recover, this usually marks the end of the forced sell-off.
Historically, when this phase is resolved, it has been one of the most convincing long-term buy signals.” – On-Chain Mind
If the Hash Ribbons signal heralds the rise as in the past, the Bitcoin price should soon overcome the resistance of $ 98 thousand and reach its next stop, $ 101 thousand.
Bitcoin and ETH
DaanCrypto’s classic on Mondays CME buried in one of his analyses. At the opening of the session after the close on Friday BTC It returned to the closing zone and we subsequently encountered larger sales.
“Another excellent weekend, with BTC price ending exactly where it started at the open of futures. Once futures reopened, we saw the reaction to the news over the weekend. But again, no gap formed.”
BTC generally tends to move later on Sunday towards Friday’s CME close.
to Ethereum Coming back, Kyle listed 5 important developments here as follows;
- The 7-day average number of transactions is close to 2.5 million, an almost 2-fold increase on an annual basis.
- The average gas fee is around $0.15, the lowest in modern ETH history.
- Stablecoins now account for ~35-40% of all ETH transactions.
- After Fusaka + PeerDAS, L2 costs dropped sharply.
- Gas limit increased to 60 million, congestion on the main network reduced.
Record levels of activity and falling fees point to ETH rising as more uses become available. Especially due to RWA targets, Ethereum experienced such a transformation. Now, corporates need to connect the traditional financial infrastructure to Ethereum more quickly and move it here.
