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According to ChainCatcher, citing a report from Cointelegraph, 21Shares founder Ophelia Snyder stated that January typically sees a “peak in bitcoin inflows,” as investors rebalance and adjust their portfolios at the beginning of the year, which also leads to activity in exchange-traded funds. However, the current market conditions will make it difficult for bitcoin to replicate the price surge seen at the start of 2025 in 2026: the factors driving current market volatility are unlikely to be fully resolved in the short term, and whether similar results can be achieved next January will largely depend on overall market sentiment.

Jinse Finance reported that CryptoOnchain posted an analysis on X, stating: Is an Ethereum supply squeeze imminent? The BitMine effect emerges, with institutions taking the lead: According to reports, BitMine currently controls about 3% of the total Ethereum supply (3.7 million ETH). In the past 30 days, net outflows from exchanges reached $1.6 billion, confirming this large-scale accumulation trend. Liquidity continues to dry up: Ethereum reserves on exchanges have dropped sharply, with a single-day outflow on November 23 soaring to $3.1 billion, setting a historical record. Currently, the number of withdrawal addresses exceeds deposit addresses by 40%, and circulating inventory is rapidly moving to cold wallet storage. A supply shock is brewing: Record-high staking deposits, combined with continued absorption of circulating tokens by whales like BitMine, are causing market depth to shrink. This constitutes a typical supply squeeze scenario—tradable sell orders in the market will decrease sharply. Conclusion: Data indicates that the current market is exhibiting active accumulation behavior, rather than simple holding. As tradable supply contracts, any new buying pressure could trigger an explosive price surge.