2026-01-06 03:31:31

The recent days have seen a significant increase in the enthusiasm of the crypto market. XRP has surged over 12% in the past 24 hours, bringing its market cap back above $142 billion. Its corresponding ETF product was the best-performing crypto ETF of the day and hit the highest daily trading volume since its launch—this level of heat indeed reflects market expectations for the altcoin season.

Bitcoin's movement is also quite interesting. After a big rally on Sunday, there was no typical correction on Monday, which is the first time this has happened in nearly three months. Analysts point out that, from a technical perspective, a breakout signal has formed, potentially breaking through the all-time high set in the fall. Meanwhile, institutional buying remains frequent—BlackRock recently acquired 2,598 BTC from a major exchange, worth about $244.5 million.

Even more noteworthy is the institutional deployment in Ethereum. BitMine now holds over 4.1 million ETH, accounting for 3.4% of the total supply. These large institutions are clearly optimistic about ETH's infrastructure prospects in the long term. Coupled with the official announcement that "Altcoin Season 2026" is about to start, market expectations for the upcoming trend have been directly heightened.

However, risks should not be overlooked. External geopolitical factors could impact crypto assets, such as some of the US government’s issues related to crypto reserves and the judicial handling of seized cryptocurrencies, which introduce policy uncertainties. In the past 24 hours, the crypto market's liquidation volume reached $522 million, with $438 million in short liquidations—this is the largest short liquidation event in the past two months, and market volatility may intensify in the short term. Additionally, the high proportion of ETH holdings by BitMine has raised concerns about liquidity and decentralization in the market.

XRP-2.32%

BTC-0.2%

ETH-0.56%

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MysteryBoxAddict

· 01-09 00:22

Haha, XRP is becoming active again. Is this a signal for the copycat season... BlackRock sweeping 2,598 BTC in one go? Such a move by a big institution is indeed impressive, but retail investors can only watch the show. BitMine holding 3.4% of ETH is a bit scary; that ratio is too high. Liquidity issues are not something to be taken lightly. It's indeed rare for BTC not to have a pullback on Monday, but don't get too excited. Liquidating over 500 million indicates the market is still in a game of risk. Policy risk is the real trap. The US is once again messing with crypto reserves. When will this thing ever stabilize? Copycat season 2026 sounds pretty far away, but the level of absurdity is beyond normal. The recent surge in XRP is a bit fast; beware of a reverse slap in the face, everyone. Institutions' plans for ETH infrastructure sound promising, but don't follow blindly. Risks must be acknowledged.

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BoredWatcher

· 01-08 21:46

BlackRock buys BTC again, this pace is too fierce, are institutions really betting on the altcoin season? XRP's recent surge is outrageous, ETF trading volume hits a new high... I'm a bit worried this might be another round of retail investors getting caught. BitMine holding 3.4% of ETH? That ratio is a bit scary, liquidity risk is really not to be taken lightly. No correction on Monday is indeed unusual, but with $522 million liquidated... we still need to be cautious in the short term. Altcoin season in 2026 sounds very promising, but the policy risks are too great, the US is still messing around. Up and down, I'm used to it, just not sure how many months this can last. Institutions are deploying, retail investors are taking the bait, I've seen this script many times before haha.

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ValidatorViking

· 01-07 14:12

ngl the bitmune eth concentration is giving me pause... 3.4% in one entity's hands? that's not battle-tested decentralization, that's a liquidity event waiting to happen. network resilience takes hits when whale watching becomes the main sport.

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BlockchainFries

· 01-06 04:01

XRP this wave is really fierce, ETF daily trading volume hits a new high, the details are excellent Institutions are still buying up now, truly worthy of BlackRock, taking in 2598 BTC just like that BitMine's market share of a few percent is really a bit scary, where is decentralization, friends Shanzhai season 2026, wait and see if we can catch the bottom of the trash coins and make them take off, haha Clearing over 500 million, it's indeed easy to get liquidated in this kind of market, gotta keep some margin BTC not pulling back is really outrageous, next step straight to the all-time high? Policy-wise, we still need to keep a close eye on what's happening in the US, one piece of news can cause a dump This wave is truly a prelude to the Shanzhai season, ETH infrastructure prospects are good but risk management is necessary

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ImpermanentPhobia

· 01-06 04:00

XRP this wave of gains is no surprise, I had a premonition long ago, the altcoin season has really arrived Wait, does BitMine hold 3.4% of ETH? How centralized does that have to be? It feels a bit suspicious BlackRock is sweeping up, I’m also sweeping up, let’s push together But with a liquidation scale of over 500 million, this move was quite fierce. Who got cut? This policy risk is truly a sword hanging over our heads, no one knows when it will fall Altcoin season 2026? Why not now? I’ve been thinking about this for a long time Those K-line patterns that haven’t retraced always feel a bit strange. The smoother the market, the more nervous I get BitMine’s holding ratio, are you really not worried about being called out by regulators? Come on, since big institutions are involved, I’ll just follow along

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RegenRestorer

· 01-06 04:00

XRP this wave is a bit exciting, but don't get too excited. Such a large liquidation indicates that someone was liquidated. BitMine holding so much ETH makes me a bit nervous; it feels like the risk concentration is too high. BlackRock is aggressively buying, institutions are really placing bets. It's still early for the altcoin season in 2026; don't get your hopes up too high. Policy black swans can come at any time, stay alert.

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NftBankruptcyClub

· 01-06 03:47

Is the altcoin season coming? I always feel like this is a trap... Wait, does BitMine hold 3.4% of ETH? Isn't that just another form of centralization, lol XRP rises 12% and everyone starts celebrating, but when there's a $500 million liquidation, no one says a word BlackRock is buying up 2,600 BTC, are they setting up for retail investors, everyone? Institutions are all in buying, buying, buying. Meanwhile, I'm still debating whether to cut my losses. Who will handle policy risks? Anyway, ordinary people end up footing the bill. Altcoin season in 2026? I'll see if I make it to 2025 first.

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RatioHunter

· 01-06 03:44

XRP's 12% surge this time is indeed fierce, but the real strong move was BTC's uncorrected rally, which truly shows strength. BlackRock is buying again, and with institutions so active, what are retail investors hesitating about? BitMine holding 3.4% ETH is a bit scary, liquidity concerns, but from a long-term perspective, institutions are optimistic about infrastructure, which is not wrong. Over 500 million in liquidation, shorts are wiped out completely, but caution is still needed as policy variables are too many. Is the altcoin season really coming? I think I'll wait and see first, and get in once the signals are clearer.

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VitalikFanboy42

· 01-06 03:35

Wow, XRP's recent surge is really fierce. Is the altcoin season really coming? Wait, BitMine holds 4.1 million ETH? That concentration is a bit scary. BTC hasn't retraced? Feels like this round is different from before, institutions are really buying like crazy. The policy risk on the US side looks quite serious, don't celebrate too early. A liquidation scale of over 500 million, is this setting a trap for retail investors? I'm still a bit worried, the rise is too fast, and the backlash could be quite harsh. Altcoin season in 2026 sounds very far away. How many storms and bloodshed will we go through in the meantime?

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