2026-01-21 03:23:50

Market Observation - January 21, 2026

Today, BTC experienced a correction, and market sentiment was relatively weak. Interestingly, MicroStrategy made another move, this time investing directly with $2.1 billion. At the same time, there is a subtle sense of divergence — US stocks, bonds, and currencies all declined, but store-of-value assets remained strong. Gold and silver both hit new highs, driven by worsening relations between Europe and the US. Europe has started to offload US Treasuries and shift towards buying gold.

In hot topics, RWA sector tokens PAXG and XAUT both reached new highs. The Polish central bank announced a plan to acquire 150 tons of gold, further fueling the tokenization of gold. Privacy sector project FHE took off directly, and smaller coin River's shorting rate soared to 470%, indicating a possible short squeeze.

On the other side, PERP ecosystem's Hype experienced a correction, with recent unlock pressures of $60 million. MEME on the BSC chain performed poorly, with market enthusiasm clearly waning.

The biggest impact came from policy developments. The advancement of the Clarity Act means the SEC is bringing projects beyond decentralized tokens like BTC and ETH into the securities regulation framework. Newly issued project tokens will require regular mandatory disclosures, with fundraising capped at $200 million, and annual sell-off limits of no more than 10%. This directly challenges traditional token issuance financing models — in comparison, issuing stocks directly offers a better cost-performance ratio. DeFi protocols must comply with banking and brokerage regulations, and RWA and stock tokenization are also classified as securities. The era of altcoins may truly be approaching a turning point.

BTC-0,29%

PAXG2,17%

XAUT2,25%

FHE-39,19%

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GateUser-00be86fc

· 12h ago

MicroStrategy is really crazy, spending another 2.1 billion? Unbelievably extravagant, haha. River's small coin short squeeze with a 470% rate, who the TM still dares to short, it's amazing. Once the Clarity Act was introduced, the good days for altcoins are really over, right? Issuing tokens for fundraising compared to issuing stocks is a matter of cost-effectiveness, this is forcing crypto project teams to the brink. Europe's move to buy gold instead of US bonds is quite interesting; US-Europe relations have truly reached a freezing point. MEME on BSC has cooled down so much, the hype has really faded.

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ShibaOnTheRun

· 12h ago

MicroStrategy's move is really bold, pouring in 2.1 billion and acting like nothing happened. I saw the gold breakout coming early on; it was the right time to get in when Europe was dumping US debt. Once the Clarity Act passed, all those small coins are really doomed; the path of issuing tokens for fundraising is completely blocked. River's 470% short fee rate is hilarious; this is just the prelude to a short squeeze. BTC's correction is normal; every rise needs a retracement, I'm used to it. RWA is indeed picking up, the Polish Central Bank's intervention is also a signal, right? MEME's popularity dropped so quickly, does that mean the market is starting to be rational? Haha, I don't believe it. The unlocking pressure of the Hype's 60 million, now it depends on who dares to take the plunge. The big move on FHE is quite impressive; the privacy sector really has potential. Once policies are announced, the compliance costs for DeFi will go up, and how to proceed afterward is really uncertain.

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NftBankruptcyClub

· 12h ago

Once the Clarity Act is enacted, altcoins really have no future. Issuing stocks is even cheaper; who still plays with issuing tokens? MicroStrategy's 2.1 billion dollar investment is truly baffling. Do they dare to buy the dip when BTC drops? Europe is selling US bonds to buy gold. This signal is too obvious. Tokenizing gold really has a chance. River's short rate is 470%? Someone's playing with fire. How long can this short squeeze last? Hype's 60 million unlock, brothers, it's probably time to run. Another round of harvesting. DeFi is also caught in the securities framework, just thinking about it makes me suffocate. The entire ecosystem is about to turn sour. RWA track is stable. Gold is a hard asset after all, much better than those air coins. MEME coins on BSC are directly failing. The market really has no heat anymore. It's time for a shakeout. BTC correction is not scary; the key is that once policies tighten, small projects will have little chance. Wave comes wave, probably only a few projects can survive until next year.

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ForeverBuyingDips

· 12h ago

MicroStrategy's move is really bold—spending 2.1 billion and still going all-in? I can understand gold taking off, but with Clarity out, the whole altcoin scene is basically finished. River's 470% fee rate—what else could it be if not a short squeeze? Crazy. The SEC's hand is quite aggressive, with a $200 million funding cap, it feels like they've directly choked off new projects. The strong performance of stored assets is indeed interesting; Europe is ditching US bonds for gold—what could they be hinting at? Hype's $60 million unlock is coming, and it looks like we'll need to continue bottoming out in the near future. BTC's correction is just so-so; MicroStrategy isn't even afraid, so why should we panic? FHE sector is taking off, but MEME is dead silent—divergence is quite obvious. Tokenization of stocks is now classified as securities, so how much room is left for the RWA sector to survive? This policy came so suddenly; it feels like many projects haven't even reacted before being caught in it.

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HodlKumamon

· 12h ago

MicroStrategy invests 2.1 billion in bottom fishing, and we retail investors can only watch helplessly. With the Clarity Act introduced, the carnival of altcoins should really come to an end. The data speaks for itself. Gold prices are surging wildly, and Europe's shift makes this game more worth watching than BTC volatility. The RWA track is heating up, but will it also be trapped within the securities framework? River's short rate is 470%. This strategy is bound to cause problems sooner or later.

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GhostAddressMiner

· 12h ago

MicroStrategy invests 2.1 billion, and then look at the on-chain footprints of those dormant wallets—it's truly outrageous. What about BTC adjustments? The key point is that once the Clarity Act is introduced, the entire altcoin financing model is directly declared dead, which is the real impact. River's short rate is 470%? Haha, it’s about time to see who is controlling the chips behind those abnormal trading patterns. RWA tracks are hot, but don’t forget that once the policy framework changes, the capital migration trajectory will immediately become apparent. Europe is selling US bonds to buy gold, and the underlying capital flow logic is very clear. It’s just that suspicious resource flows are starting to change direction, and the contract vulnerabilities of some original addresses will be exposed sooner or later.

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WhaleWatcher

· 12h ago

MicroStrategy is this a bottom-fishing or gambling? Investing 2.1 billion and BTC hasn't moved at all, it's a bit outrageous. --- Gold tokenization is taking off, but River's 470% short fee rate—are they about to get wiped out? --- With Clarity coming, altcoins will have no chance, it seems all-in on BTC and ETH is the way to go. --- Europe dumping US bonds for gold—this underlying logic is worth pondering. Geopolitics might really be changing. --- MEME died on BSC; they might really not bounce back in this cycle. --- DeFi being classified as securities? How will those liquidity mining projects be affected? These rules could crush half the industry. --- Be cautious with River's short squeeze; it might hit the floor. History always repeats itself. --- Funding limited to 200 million, with no more than 10% reduction per year—this is basically a death sentence for new projects. --- Polish Central Bank's purchase of 150 tons of gold—are they officially declaring war on the US dollar? --- If RWA is classified as securities, can the path of Tokenization still continue? It's a bit uncertain.

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