Crypto Market Briefing | 2026.01.12

Market Sentiment: Overall cautious, total market capitalization remains around $3.09 trillion, Fear & Greed Index at 40 (Neutral).

Key Events: Market focus on tomorrow’s (January 15) critical vote in the US Senate on the CLARITY Act, and the upcoming US CPI inflation data release.

Mainstream Coin Performance:

· BTC: Testing the $90,000 key support level, price under pressure but exchange net inflow has turned positive.
· ETH: Price fluctuating around $3,100, with a net spot fund inflow of $113 million in the past 24 hours, ranking first among all assets.

Fund Flows: During the overall price correction, major assets like ETH, BTC, SOL experienced contrarian net spot inflows, indicating funds are accumulating at current levels.

Main Risks:

1. Zcash (ZEC) experienced a governance crisis triggered by the departure of the core development team, leading to a sharp price decline.
2. The Ethereum network has recently seen an extreme increase in on-chain activity, which historical experience suggests often indicates a short-term cooling in prices.
3. Be cautious of large whales transferring大量低成本ETH into exchanges, which could lead to selling pressure.

Outlook: The short-term market direction will depend on CPI data results and the progress of tomorrow’s regulatory bill vote. Please stay tuned to relevant updates.
$BTC $ETH