Gate Research Institute: OWL 24-hour increase exceeds 50% | XRP drops below $2.10

2026-01-16 08:19:18

Cryptocurrency Asset Overview

BTC (-0.01% | Current Price 95,251 USDT)

BTC in the past 24 hours experienced a high near 97,900 USD before entering a consolidation phase with a slight pullback at high levels. The price center gradually shifted downward, currently oscillating around 95,000–95,500 USD. From a structural perspective, this is a technical correction and digestion phase following a rapid upward move, with no clear trend reversal signals. Looking at moving averages, the short-term MA5 and MA10 have crossed below and are suppressing the price, while MA30 remains near 96,100 USD, exerting noticeable resistance to rebounds. This indicates the short-term rhythm remains weak and consolidative. Volume analysis shows a significant increase during the rally, with volume gradually contracting during the pullback, typical of profit-taking at high levels rather than panic selling. Short-term support is focused around 94,800–95,000 USD; if this area is broken, the price may further test 94,000–94,300 USD. Resistance above is mainly at 96,000–96,500 USD; only a volume-backed stabilization above this zone could allow the short-term structure to regain strength. Overall, BTC remains in a correction phase after an upward move, with the medium-term trend intact but short-term weak and oscillatory. The rhythm suggests it’s more suitable to wait for a pullback to stabilize or a volume-driven breakout to re-enter.

ETH (+0.10% | Current Price 3,291 USDT)

ETH has maintained a high-level consolidation in the past 24 hours. After a rapid rise to a high near 3,403 USD, it failed to break through with increased volume, then entered a range-bound tug-of-war. Currently, the price oscillates narrowly around 3,280–3,320 USD. Structurally, this is a digestion phase after an upward move, with a slight downward shift in the overall center of gravity but no clear weakening signals. The short-term moving averages MA5 and MA10 have flattened and slightly turned downward, exerting some resistance, while MA30 remains near 3,320 USD, with the price operating around the mid-term MA, indicating a consolidation rather than trend reversal. Volume shows increased activity during the rally, with contraction during recent pullbacks and sideways movement, typical of a strong asset undergoing a consolidation and turnover phase. Support is focused around 3,250–3,270 USD; a break below this could lead to further tests at 3,200 USD or even 3,150 USD. Resistance is mainly at 3,330–3,360 USD; only a volume-backed stabilization above this zone could test the previous high near 3,400 USD again. Overall, ETH remains in a high-level consolidation within a strong trend, with a short-term oscillatory rhythm, mainly trading in time and space. It’s more suitable to wait for a dip to bottom out or a volume breakout to follow the trend.

GT (-0.10% | Current Price 10.36 USDT)

GT in the past 24 hours has maintained a range-bound consolidation after a high and subsequent pullback. After a rapid rise to a high near 10.83 USD, it entered a clear digestion phase, oscillating around 10.30–10.40 USD. Structurally, the short-term MA has flattened and slightly pressed downward, with MA5 and MA10 providing short-term resistance, while MA30 is near 10.42 USD, with the price temporarily below it, indicating a weak correction structure. Volume shows a clear pattern of high-volume during peaks and contraction during pullbacks, typical of a technical correction after a rally with no signs of capital fleeing. Support is focused around 10.20–10.25 USD; if broken, the next support could be at 10.00 USD. Resistance is at 10.55–10.60 USD; only a volume-backed move above this zone could challenge the previous high near 10.80 USD. Overall, GT is in a consolidation phase after an upward move, with a range-bound rhythm, more suitable for patience and waiting for stabilization at the lower end or a volume breakout to choose direction.

Daily Gainers and Losers

The market overall shows a clear correction pattern, with main tokens like BTC and ETH leading the decline, dragging many altcoins down to varying degrees. Market sentiment remains cautious. Capital flows show some risk aversion, with only a few tokens like USDC and TRX slightly green, mainly digesting previous gains.

OWL Owlt0 Finance (+57.75%, Circulating Market Cap approx. $31.92 million)

According to Gate data, OWL is currently priced at $0.09623, up 57.75% in 24 hours. Owlt0 Finance is a DeFi project focused on cross-chain and on-chain yield aggregation, aiming to provide more efficient capital utilization and automated yield strategies. Recently, the project has been actively optimizing product features and ecosystem integration, gradually increasing exposure among small and medium-sized fund users.

The recent surge in OWL’s price is mainly due to a rapid increase in short-term capital interest. Amid overall market sentiment being oscillatory, some funds are rotating into small- and mid-cap tokens seeking flexibility, with OWL being a prominent target. Additionally, trading volume has significantly increased, with active short-term trading boosting the price. This rally reflects a liquidity and sentiment-driven market behavior rather than a clear fundamental catalyst.

EGL1 Eagles Landing (+47.11%, Circulating Market Cap approx. $31.57 million)

According to Gate data, EGL1 is currently priced at $0.03191, up 47.11% in 24 hours. Eagles Landing is a community-oriented crypto project driven by narrative and consensus, with recent social media and trading community discussions heating up, attracting short-term capital attention.

The recent rise in EGL1 is mainly driven by market capital rotation and short-term sentiment. In a weak mainstream market, some funds are shifting into low-cap, high-volatility tokens, with EGL1 benefiting from this trend. The token’s volume surged in a short period, triggering technical breakouts and attracting follow-up capital, further amplifying the gains. This rally is primarily driven by short-term sentiment, with sustainability to be confirmed by subsequent volume changes.

BTR Bitlayer (+46.76%, Circulating Market Cap approx. $13.74 million)

According to Gate data, BTR is currently priced at $0.05335, up 46.76% in 24 hours. Bitlayer is a project focused on infrastructure and ecosystem expansion, with recent increased activity on some exchanges attracting capital interested in small- and mid-cap themes.

Market performance shows that BTR’s rally is mainly due to short-term capital inflows and increased trading activity. In a market lacking clear main trends, funds tend to hunt for small-cap, high-elasticity targets. BTR’s relatively small circulating supply allows for rapid price elasticity after volume increases. Additionally, technical breakouts from previous consolidation zones have attracted trend-following and short-term traders, forming a staged acceleration.

Hotspot Analysis

XRP Breaks Below $2.10, Technical Selling Dominates Short-term Trend

Despite stable institutional demand and continuous inflows into spot XRP ETFs, the overall weak crypto market has caused XRP to decline about 4% in the past 24 hours, falling from around $2.15 to near $2.07. Major selling pressure is near the key resistance at $2.13, with traders repeatedly taking profits at highs, preventing the price from stabilizing above this level. Fundamentally, Ripple recently received preliminary approval for a Luxembourg electronic money license and continues EU compliance efforts. Meanwhile, XRP holdings on exchanges have fallen below 20 billion, indicating medium-term supply pressure easing.

In the short term, the market is almost entirely driven by technicals and position adjustments. After encountering resistance at $2.13, the price formed lower highs and lower lows, confirming a short-term bearish dominance. Support is around $2.05–2.06; if maintained, XRP may continue sideways testing at $2.13–2.15. A break below $2.05 could open space toward $2.00 psychological support. Overall, this appears to be a technical retracement after a rally rather than a trend reversal, with the short-term outlook remaining range-bound.

BitMine Claims Ethereum Holdings Could Generate $400 Million Annually, MrBeast Investment Hailed as “10x Return”

BitMine Immersion Technology Chairman Tom Lee stated at the latest shareholder meeting that the company currently holds about $13 billion worth of Ethereum, expecting over $400 million pre-tax annual income via staking and other methods. He also noted that, with more refined execution, BitMine might have saved about $400 million in recent ETH purchases. Since large-scale accumulation began in July 2025, the company still reports an unrealized loss of about $2.3 billion, reflecting the phased pressure of heavy crypto asset holdings amid market volatility.

Beyond crypto holdings, Lee highly praised the company’s $200 million investment in media company owned by YouTube star MrBeast, calling it an “almost no-brainer” deal with potential 10x returns. He sees strategic importance in combining Ethereum narratives with younger audiences, with cooperation possibly including sponsorship of MrBeast’s flagship shows and commercialization of new products. Additionally, BitMine plans to launch mobile apps and pursue more aggressive expansion into tokenization, indicating efforts to develop growth paths beyond traditional mining and asset holding.

Ripple Invests $150 Million in LMAX to Promote RLUSD Stablecoin’s Entry into Institutional Trading

Ripple announced a multi-year strategic partnership with LMAX Group, providing $150 million in funding to support its expansion and accelerate RLUSD stablecoin’s adoption in institutional markets. Under the agreement, RLUSD, with a market cap over $1.4 billion, will be integrated into LMAX’s global trading infrastructure as a core collateral and settlement asset. Both parties stated this will help clients including banks, brokers, and asset managers to more efficiently use stablecoins across spot crypto, perpetual swaps, and CFDs, improving margin efficiency and reducing cross-market capital friction.

This cooperation coincides with LMAX revealing a $8.2 trillion trading volume last year, highlighting the trend of stablecoins evolving from “crypto-native tools” to “institutional-grade financial infrastructure components.” Ripple aims to position RLUSD as a highly compliant, institutional-oriented stablecoin, expanding its use cases through LMAX’s custody and trading systems. For institutional investors, RLUSD could facilitate collateral pooling across asset classes, simplify capital management, and unlock liquidity, while also providing new entry points for Ripple’s penetration into traditional finance.
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BTC-1,12%

ETH-1,69%

GT-1,24%

OWL88,15%

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