News

According to CoinWorld, macro investor Raoul Pal pointed out that Bitcoin's recent underperformance compared to gold is normal. He observed that in market cycles, gold typically rallies before Bitcoin, mainly driven by changes in global liquidity. He attributes the current gap to damages unique to the cryptocurrency market rather than a break in the cycle, and believes that most investors are under-allocated to cryptocurrencies. Pal's "Everything Is Code" framework links about 90% of Bitcoin's price movements to liquidity, and he predicts that if the expected improvement in liquidity materializes, 2026 could become a pivotal year for Bitcoin, as it is currently at the end of the risk curve and is poised for a rapid recovery.

According to a report by Bijie Network: Standard Chartered Bank has warned that due to the widespread adoption of stablecoins, the U.S. banking sector could face an outflow of $500 billion in deposits by 2028, with regional banks being at the greatest risk. However, Alex Thorn, Head of Research at Galaxy, refuted the notion of a "deposit flight," arguing that funds will merely "migrate," as stablecoin issuers will ultimately deposit cash into banks after purchasing government bonds.

According to Bijie Network, net inflows into XRP spot ETFs have resumed. After a single-day net outflow of $53.32 million on January 20, the average daily net inflow is approximately $9.16 million. Total assets remain around $1.38 billion, indicating that the overall accumulation trend since the end of last year continues. However, the price of XRP continues to consolidate below $2 and key moving averages, suggesting that the market is stabilizing rather than showing a clear trend reversal.