2026-01-09 08:32:05

The crypto market has recently experienced a correction, with the overall market capitalization dropping to approximately $3.09 trillion, a nearly 3% decline over the past 24 hours. Although this decline affected most mainstream assets, sentiment indicators suggest that market participants are more cautious and observant, with no signs of panic.

Bitcoin is currently trading around $90,190, down about 2.6% intraday. Ethereum performed even weaker, falling over 4% to $3,116. However, this is only a short-term performance; on the weekly chart, both assets still maintain moderate gains, indicating that the market is more in a consolidation phase rather than signaling a trend reversal.

On the data front, the Fear and Greed Index remains at a neutral level of 43, and the cryptocurrency RSI average has decreased to 46.87, reflecting weakening momentum but not yet oversold. In contrast, the altcoin season index is only 25 (out of 100), further indicating that in an environment of declining risk appetite, Bitcoin continues to dominate the market.

Specifically, for major coins, XRP fell 6% today but still gained over 15% in the past week, showing resilience. Solana shows a similar pattern, with short-term corrections but a weekly increase of over 8%, indicating relatively strong resistance. BNB and TRON are also under pressure, but there are no clear signs of technical breakthroughs yet, more like profit-taking after previous gains.

It is worth noting that stablecoins continue to dominate trading volume. Tether's daily trading volume has surpassed $8.6 billion, and USDC's trading activity is also rising, suggesting traders are observing and waiting for clearer market signals.

Overall, the current pattern indicates that the market is digesting recent volatility and is in a consolidation phase. Neutral sentiment, weakening momentum indicators, and Bitcoin's structural dominance suggest that, in the short term, the market is more likely to be sideways rather than entering a deep decline.

BTC0,05%

ETH-0,94%

XRP-0,48%

SOL-1,38%

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CounterIndicator

· 23h ago

Still consolidating, I'm very familiar with this rhythm --- BTC is still holding steady, just worried retail investors will start to cut losses again --- Stablecoin trading volume is exploding, it seems everyone is waiting for a big move --- XRP's resistance is really impressive, I’m impressed --- The greed index is only 43, indicating we haven't reached the true panic point yet --- Altcoin index is 25? Definitely a Bitcoin solo dance --- This kind of consolidation is the most annoying, you can't make money or lose money --- Ethereum dropped over 4%, but the mentality remains stable, showing everyone is optimistic about the future --- It feels like accumulation, waiting for big funds to enter --- Another round of profit-taking, how many times has this cycle repeated

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TerraNeverForget

· 01-12 06:48

Another wave of pullback, nothing surprising Consolidation is just consolidation, anyway, with so much flow into stablecoins, it means everyone is waiting BTC is still BTC, always the safe haven XRP has been doing well this week, which made me miss the chance to buy yesterday When momentum weakens, it weakens. It's nothing compared to the wave in 2022 Just worried about a sudden black swan, otherwise it feels like this will be the short-term situation Those who are entering now are betting on a sideways breakout Solana is quite resilient against drops, compared to ETH which is a bit underperforming Waiting to see if it can dip further for a bottom, but don’t be too greedy

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MetaDreamer

· 01-11 21:24

Consolidation is just consolidation, don't overthink it --- Stablecoin traffic is picking up, big players are waiting for the right moment --- XRP is so resilient, why did it drop 6%? I can't quite understand --- Right now, buyers and sellers are just testing each other, so boring --- Bitcoin's dominance is so strong, it's really exhausting --- Looking at these data, there's nothing really to fear, just eat and sleep as usual --- Another consolidation phase, it feels like we're "digesting volatility" every day --- The altcoin season index is only 25, better to just hold BTC honestly

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rekt_but_not_broke

· 01-09 09:01

Days of sideways movement are actually the biggest test of patience. The high trading volume of stablecoins indicates that everyone is waiting for a signal. XRP's 6% drop is eye-catching, but it gained 15% over the week—true resilience. Bitcoin remains the leader; the altcoin season index is at 25, which means now is not their stage. RSI hasn't even reached oversold territory; how could this be the start of a deep decline? It's just consolidation. The fear index at 43 is neutral; no one is panicking. This is the most authentic market state. Thinking back to the last crash, the atmosphere then was completely different. This correction is hardly worth mentioning. Taking profits is normal; after such a big rise earlier, someone has to sell. A shakeout is actually healthy. Wait, with stablecoins so active, are the big players quietly positioning?

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BrokenRugs

· 01-09 09:00

Sideways consolidation, didn't run this time, just keep waiting for signals to relax --- Bitcoin dropped below 90,000 and still says neutral, I think no one dares to move --- XRP rose 15 this week but dropped 6, the resilience is really amazing --- The trading volume of stablecoins is so strong, it seems everyone is waiting for an opportunity --- As long as the weekly chart is still rising, there's no need to panic, short-term pullbacks are normal --- The altcoin index is only at 25, Bitcoin is truly dominant --- RSI hasn't oversold yet, the bottom doesn't feel like it's reached --- Watch and wait, see who can hold on first

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MetaMaximalist

· 01-09 08:59

honestly this "consolidation phase" framing is exactly what separates people who understand network effects from the altcoin gamblers. btc maintaining structural dominance while stablecoin volume surges? that's adoption curve mechanics at work—newcomers don't get it yet

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HodlAndChill

· 01-09 08:50

Consolidation this wave, Bitcoin is still stable. Waiting for signals again, the surge in stablecoin trading volume indicates everyone is on the sidelines. The fear index is at 43, which is the real "diamond hands" time to take action. Altcoin season index is only 25? Bitcoin's dominance in this wave is truly absolute. XRP up 15% in a week but still falling? I just want to know when the altcoins will take off. It seems everyone is waiting for a clear signal, no one wants to take this position. ETH has dropped quite sharply, but the weekly chart is still okay. Keep holding. With such high stablecoin trading volume, it shows that smart money is waiting for opportunities.

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GovernancePretender

· 01-09 08:50

The trading volume of stablecoins is so high, it really indicates that everyone is waiting for a signal. The sideways market is driving everyone crazy, when will there be a clear direction? BTC remains so stable, altcoins have really been knocked back to their original state. This wave of correction isn't really anything, just consider it as a shakeout. The Fear and Greed Index is at 43, neither here nor there, I really dislike this ambiguous market condition. XRP can still hold on for a week with a 15% increase, relatively speaking, it's somewhat interesting. Bitcoin has such dominant influence, other coins don't really stand a chance. Waiting and watching, wait for a clear breakout signal before taking action. Ethereum's performance is so weak, should I consider reducing my position? Large inflows of stablecoins, isn't it just betting on a sharp drop next?

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