The US dollar experiences its largest decline in six months, with Ethereum receiving defensive capital inflows|Gate VIP Weekly Report (January 19, 2026 – January 25, 2026)
Alpha Mining: Last week, BTC showed a weak oscillation pattern after encountering resistance during a rebound on the 4-hour timeframe, breaking below short- and medium-term moving averages, with volume “increasing during decline and decreasing during rebound,” indicating that the current rebound is more of a technical correction rather than a trend reversal. ETH’s movement is similar to BTC but noticeably weaker, with prices continuously trading below the MA30 and rebound highs gradually declining. Market appetite for high Beta assets remains low, and the structure still reflects a weak rebound within a downtrend.
On-Chain Funds: On-chain capital flows exhibit clear defensive retracement characteristics. Ethereum’s net inflow approaches $350 million, re-emerging as a liquidity “reservoir” during deleveraging and cross-chain retracement processes. Correspondingly, capital outflows are concentrated on networks previously hosting perpetual contract trading. Hyperliquid and StarkNet experienced net outflows exceeding $200 million and $167 million, respectively. In the prediction market sector, industry competition is being reshaped by “points + zero-fee” strategies.
This report will provide an in-depth analysis of the above trends, along with detailed market data and technical insights. Click to view the full report, accurately grasp market dynamics, gain forward-looking strategic perspectives, and uncover potential opportunities in the next cycle.
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The US dollar experiences its largest decline in six months, with Ethereum receiving defensive capital inflows|Gate VIP Weekly Report (January 19, 2026 – January 25, 2026)
Last Week’s Market Highlights:
Alpha Mining: Last week, BTC showed a weak oscillation pattern after encountering resistance during a rebound on the 4-hour timeframe, breaking below short- and medium-term moving averages, with volume “increasing during decline and decreasing during rebound,” indicating that the current rebound is more of a technical correction rather than a trend reversal. ETH’s movement is similar to BTC but noticeably weaker, with prices continuously trading below the MA30 and rebound highs gradually declining. Market appetite for high Beta assets remains low, and the structure still reflects a weak rebound within a downtrend.
On-Chain Funds: On-chain capital flows exhibit clear defensive retracement characteristics. Ethereum’s net inflow approaches $350 million, re-emerging as a liquidity “reservoir” during deleveraging and cross-chain retracement processes. Correspondingly, capital outflows are concentrated on networks previously hosting perpetual contract trading. Hyperliquid and StarkNet experienced net outflows exceeding $200 million and $167 million, respectively. In the prediction market sector, industry competition is being reshaped by “points + zero-fee” strategies.
This report will provide an in-depth analysis of the above trends, along with detailed market data and technical insights. Click to view the full report, accurately grasp market dynamics, gain forward-looking strategic perspectives, and uncover potential opportunities in the next cycle.
[Gate 研究院](https://www.gate.com/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform that offers in-depth content, including technical analysis, hot topics, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.