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After experiencing net outflows on January 20th, XRP spot ETFs have resumed their accumulation phase. Despite a brief pullback on January 20th, the continued increase in holdings by these ETFs further fuels bullish predictions for XRP.

Data from SoSo Value shows that these ETFs have accumulated a total of $9 million over the past two days.

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Thanks to this, the assets under management of XRP ETFs have reached $1.37 billion, and with Wall Street's continued strong interest in these leading altcoins, its size still leads that of Solana-related ETF products.

This sustained accumulation of assets seems to indicate that large investors have detected certain trends that the market has not yet noticed. Is XRP poised for an explosive rally?
 
Bitcoin is currently fluctuating within a narrow range of $87,000–$90,000, but recent developments suggest that this consolidation is far from a temporary pause. On January 22, 2026, Bitwise Asset Management officially launched the Bitwise Proficio Currency Depreciation Protection ETF (BPRO). This is an actively managed fund that, for the first time, integrates Bitcoin, gold, silver, precious metals, and mining stocks within the same investment structure.

The signal from Wall Street is crystal clear: BTC is no longer simply viewed as a speculative trade, but has become a core component of a broader hard asset allocation strategy to hedge against currency depreciation. Bitwise currently manages over $15 billion in client assets, while Proficio Capital Partners has approximately $5 billion in assets under management (AUM), meaning this product is firmly rooted in the institutional market.

The ETF allocates at least 25% of its holdings to gold and maintains flexible exposure to Bitcoin and other scarce assets. This conveys a strong consensus for long-term holding, rather than short-term speculative trading.

This is crucial for the price. When institutional investment vehicles treat Bitcoin on par with gold, capital flows tend to be slower, larger in scale, and more persistent.
 
Dogecoin has seen a significant development, with 21Shares launching a Dogecoin-backed spot ETF on Nasdaq, under the ticker symbol TDOG, after receiving approval from the U.S. Securities and Exchange Commission (SEC). This event further propels DOGE from an internet meme asset into traditional financial channels and provides a clearer path for institutional capital to gain compliant access.

TDOG was launched in collaboration with House of Doge, the unofficial corporate arm of Dogecoin, symbolizing a shift in Wall Street's attitude towards Dogecoin from mere observation to active allocation discussions. This has amplified market expectations regarding Dogecoin's price trajectory.
 
Bitcoin stabilized near $88,000 in early Asian trading on Tuesday, as investors focused on a busy earnings week while also digesting the latest trade threats from U.S. President Donald Trump.

The overall market sentiment remained cautious. Asian stocks edged slightly higher, while gold and silver attracted new safe-haven inflows ahead of the Federal Reserve's decision and a flurry of earnings reports from U.S. technology giants.

Trump's latest tariff measures targeted South Korea. He accused the South Korean legislature on Monday evening of "failing to fulfill" its trade agreement with Washington and said he would raise tariffs to 25% on cars, timber, and pharmaceutical products exported from the Asian country, the world's fourth-largest economy, to the United States.
 
Bitcoin hovered near $89,000 on Wednesday as broader markets pushed higher and the U.S. dollar remained under pressure ahead of a closely watched Federal Reserve decision later in the day.

The largest cryptocurrency was trading around $88,800 during Asia hours, up modestly on the day after a choppy start to the week. Ether rose about 2% to just under $3,000, while most major tokens posted small gains, according to CoinGecko data. Moves were measured rather than directional, reflecting a market waiting for clearer signals.
 
Bitcoin is rebounding, with the price recovering to above $90,000 after briefly falling to the mid-$85,000 range, returning to the upper end of the $80,000 low-to-mid range.

This change has eased short-term downward pressure, but market data suggests that this rebound alone is not enough to indicate the start of a new bull market.

Instead, analysts believe the key now lies in whether several deeper market indicators begin to reverse towards a risk-on sentiment.
 
Influenced by speculation surrounding the Federal Reserve chairman's appointment and a wave of selling, Bitcoin plummeted to $82,600. Traders are watching for a classic "sweep" pattern near support levels, hoping for a rebound after leveraged positions are liquidated.

Bitcoin prices remained relatively stable for several days near $87,000 to $89,000 before sellers initiated two rapid sell-offs, driving the price down. First, Bitcoin fell below the mid-$80,000 range and briefly rebounded. Then, towards the end of the trading session, another wave of selling hit, pushing the price down to just over $82,000, where it briefly lingered before a slight recovery.
 
Asian markets experienced significant volatility at the open on Friday after U.S. President Trump supported a bipartisan agreement aimed at avoiding another government shutdown and indicated he had selected a nominee for Federal Reserve Chairman. Bitcoin subsequently plunged 7%, falling to around $82,000.

This market movement triggered a massive wave of forced liquidations in the cryptocurrency market. According to CoinGlass data, total liquidations across all exchanges in the past 24 hours reached $1.75 billion, with long positions accounting for $1.65 billion and short positions only $105.63 million. A total of 276,308 traders were liquidated.

The liquidation map shows that Bitcoin was the hardest hit in this downturn, with $826.63 million in related liquidations in 24 hours; Ethereum followed closely behind with $428.48 million in liquidations. XRP and Solana also suffered significant losses, with liquidations of $72.35 million and $70.34 million, respectively.
 
PlanC compared the current price action to several historic pullbacks that ultimately triggered significant rallies.

He cited the capitulation lows near $3,000 during the 2018 bear market, the March 2020 crash to around $5,100 due to the COVID-19 pandemic, and the sharp declines following the FTX and Terra-Luna crashes, when Bitcoin traded between $15,500 and $17,500.

“We are very likely experiencing another major capitulation cycle low,” PlanC wrote, adding that he estimates the bottom of this cycle to be between $75,000 and $80,000.

In his view, the recent sell-off is more like a final shakeout than a structural shift in the overall trend.

Other opinions also call for caution, but acknowledge that weekend trading often amplifies market sentiment. Bitcoin advocate and financial accountant Rajat Soni pointed out that this decline occurred during one of the most volatile trading periods in the crypto market.
 
Key Takeaways: The Liquidity Battle in February 2026

Technical Pullback: Bitcoin hit a low of $74,532 on February 2nd, confirming a break below the psychological level of $80,000.

"Wash Shock": Following the announcement of the Federal Reserve Chair nomination, approximately $250 billion in market capitalization evaporated as investors began to digest expectations of a potential contraction in the Fed's balance sheet and tightening dollar liquidity.

Institutional Confidence: Michael Thaler's company, Strategy, used this pullback to purchase an additional 855 Bitcoins for $75.3 million, increasing its total holdings to 713,502.

Regulatory Summit: The White House convened a high-level meeting today, inviting crypto startups and major banks to discuss the controversial issue of stablecoin yields.
 
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