believe

According to Tom Lee, co-founder of Fundstrat and chairman of Bitmine, in an interview with Decrypt, the market should be very close to the bottom, as the current market sentiment is extremely poor and the price trend is also very bad.Fundstrat's analyst Tom Demar has been saying since last November that BTC would drop to $60,000. He initially believed that the bottom for ETH should be around $2,400, but if it cannot hold, it would bottom out near $1,890. He thinks it just needs to dip one more time, which would be the lowest point, indicating that we are very close to the end of the downward trend.Previously, Fundstrat stated in its 2026 cryptocurrency strategy advice to internal clients that the market would experience a deeper correction in the first half of the year, with a target price for BTC of $60,000 to $65,000; a target price for ETH of $1,800 to $2,000; and a target price for SOL of $50 to $75. However, Tom Lee himself has publicly claimed that both BTC and ETH will reach new highs in January 2026.

According to Cointelegraph, the Bitcoin market sentiment index has fallen to an all-time low, with some contrarian investors believing that $60,000 may have become the bottom of this cycle.Data shows that the cryptocurrency fear and greed index dropped to a historical low of 7 over the weekend, indicating that the market is in a state of "extreme fear." Michaël van de Poppe, founder of MN Capital, pointed out that this indicator, along with the relative strength index, shows that the market is deeply oversold, a similar situation occurred during the 2018 bear market and the pandemic crash in March 2020, which may create conditions for a rebound.CoinGlass's liquidation heatmap shows that if the Bitcoin price rises by about $10,000, it could trigger the liquidation of over $5.45 billion in short positions, while a drop to $60,000 would only trigger $2.4 billion in liquidations. This imbalance may drive a short covering rally. However, structural risks in the market still exist.CryptoQuant data shows that Bitcoin is still far below its 50-day and 200-day moving averages, with a price Z-score of -1.6, indicating that it remains in a phase dominated by selling pressure. The net buying volume in the derivatives market has turned negative, and the Binance buy-sell ratio has also fallen below 1, showing strong selling pressure in the futures market.Analysts point out that stronger spot demand is needed to trigger a sustained rebound. From a longer-term perspective, historical data shows that Bitcoin bear market bottoms typically form below the 0.618 Fibonacci retracement level, which is currently around $57,000. If history repeats itself, the downside scenario could extend to $42,000.

According to community user records, Multicoin co-founder Kyle Samani stated yesterday in response to X user Taran (@Taran_ss) regarding the "bear market complaints":"Cryptocurrency is not as interesting as many people (including myself) once imagined. I used to believe in the vision of Web3 and in dApps. Now I don't. Blockchain is essentially just an asset ledger. They will reshape finance, but that's about it, nothing much more. DePIN is another noteworthy area. Cryptocurrency will continue to improve, but all the truly interesting questions have already been answered, except for the issue of on-chain privacy/confidentiality. (I still firmly believe that Zama will win this race.)"Shortly after, Kyle quickly deleted the tweet and earlier today posted a resignation announcement, stating that he has decided to step down from Multicoin Capital and will continue to serve as the chairman of Forward Industries (the largest SOL treasury company), looking forward to taking a break and exploring new directions in the tech field.Kyle also tweeted in response that he remains extremely bullish on SOL and cryptocurrency personally, and will continue to participate in the cryptocurrency space both as an individual and as the chairman of Forward.However, Multicoin Capital's letter to LPs may further validate the notion that "Kyle is no longer interested in crypto." The letter states, "Kyle's interests have expanded from cryptocurrency to other tech fields such as artificial intelligence, life sciences, and robotics, and he has decided to invest time in exploring these emerging technologies."

According to a Coinbase survey, over 70% of institutional investors believe that Bitcoin is undervalued in the current price range of $85,000 to $95,000.

Coinbase, in its "Q1 2026 Cryptocurrency Chart" report, noted that a survey of 75 institutional investors and 73 individual investors showed that 71% of institutions and 60% of individual investors believe Bitcoin is undervalued in the range of $85,000 to $95,000. 25% of institutions consider the valuation reasonable, while only 4% believe it is overvalued.The current price of Bitcoin is $87,600, down over 30% from the October all-time high of $126,080. Since the market crash on October 10, which liquidated over $19 billion in leveraged positions, cryptocurrency prices have mostly been stagnant or declining. Meanwhile, gold has surpassed $5,000, reaching a new all-time high, silver's market value has doubled since October, and the S&P 500 index has risen by 3%.The survey indicates that 80% of institutional investors stated they would hold or increase their positions if the crypto market drops another 10%. Over 60% of institutions have held or increased their positions since October. 54% believe the current market is in an accumulation phase or bear market. Coinbase expects the Federal Reserve to cut interest rates twice in 2026, which could be beneficial for the crypto market.

Coinbase stated in its released "Charting Crypto Q1 2026 Report" that about 70% of institutional investors believe Bitcoin is undervalued in the range of $85,000 to $95,000. The report shows that Coinbase surveyed 75 institutional investors and 73 independent investors from early December 2025 to early January 2026. Among them, 71% of institutional investors and 60% of independent investors believe that Bitcoin's current valuation is low; about 25% of institutional investors think its valuation is reasonable, and only 4% believe it is overvalued.During the survey period, Bitcoin's price fluctuated mainly within the $85,000 to $95,000 range. Coinbase pointed out that after Bitcoin reached an all-time high of about $126,000 in October 2025, its price has fallen by more than 30%, showing overall performance significantly weaker than precious metals like gold and silver, as well as the U.S. stock market. Due to geopolitical tensions, tariff uncertainties, and other factors, the sentiment in the crypto market remains cautious. In terms of investment behavior expectations, 80% of institutional investors indicated that if the market drops another 10%, they would choose to hold or buy on dips; over 60% of the surveyed institutions stated that they have maintained or increased their crypto asset allocation since October. Additionally, 54% of institutions believe the current market is still in an "accumulation phase" or bear market range. Coinbase also expects that the Federal Reserve may implement two rate cuts totaling 50 basis points in 2026, which could provide some macro support for risk assets, including crypto assets.

According to sources, some Bank of Japan policymakers believe that the possibility of an interest rate hike may come earlier than the market expects, with a significant chance of a rate increase in April due to the continued depreciation of the yen, which could exacerbate already heightened inflationary pressures. Bank of Japan decision-makers are facing a daunting task: to raise the ultra-low borrowing costs that have persisted for years amid growing pressures on growth from global headwinds, while the Japanese economy has just begun to recover from the effects of long-term deflation.The central bank just raised rates to a thirty-year high in December and is expected to maintain rates at the January meeting. However, sources say that many Bank of Japan policymakers believe there is room for further rate hikes, with some not ruling out the possibility of taking action in April, which would be earlier than the mainstream market expectation (that rate hikes will occur in the second half of this year). Sources indicate that if sufficient evidence emerges showing that Japan will consistently achieve the 2% inflation target, some within the Bank of Japan do not rule out the possibility of taking action sooner.

According to Jinshi reports, Federal Reserve's Kashkari stated that he is quite optimistic about the economic outlook, expecting robust economic growth, and does not believe there is a need for the Federal Reserve to implement quantitative easing.

According to Jinshi, Federal Reserve official Kashkari stated that he does not believe there is momentum for a rate cut in January.

Ethereum co-founder Vitalik Buterin expressed his support for Tornado Cash co-founder Roman Storm in a letter, stating, "I have supported Roman Storm's work from the very beginning, both because I firmly believe in the importance of privacy and because I actively use privacy tools, including those he developed. Many people assume that personal privacy can be violated by the public, but governments, police, and intelligence agencies should have access to everyone's information to ensure safety.I strongly oppose this view. In reality, government databases are frequently hacked, and information often falls into the hands of hostile foreign powers. I have personally used his software to complete transactions, and when purchasing software for personal use, my name is not recorded in corporate databases. His applications continue to function normally even years after development has ceased."

According to Jinshi reports, the Federal Reserve meeting minutes show that participants believe the reserve balances have fallen to adequate levels and consider it appropriate to begin managing reserves through the purchase of U.S. Treasury securities.

The well-known American law firm Burwick Law has announced that it is preparing to file a lawsuit against Believe and its founder Ben Pasternak, and has opened a registration website for the affected community.In October of this year, the Believe ecosystem token LAUNCHCOIN announced that it had completed the upgrade to the BELIEVE token. As of the time of publication, the BELIEVE token has dropped from a peak of $120 million to $10.15 million, with a daily trading volume of only $195,400.Burwick Law has previously initiated multiple lawsuits in the crypto space, including lawsuits against projects such as LIBRA, M3M3, and pump.fun.

ether.fi CEO Mike Silagadze stated in an interview, "For various reasons, I don't think Bitcoin qualifies as good money. I don't think ETH is particularly good money either. I believe the ultimate form has yet to arrive.I have some ideas, but I don't have a clear concept of what ideal money looks like. However, I do believe it is likely to be built on Ethereum. I am quite certain of this."

Liquid Capital (formerly LD Capital) founder Yi Lihua stated on social media, "I firmly believe that now is the best buying zone for ETH, especially with optimism for a major bull market in 2026, with ETH's future target exceeding $10,000. I recall experiencing the 312 event; before 312, BTC was hovering between $7,000 and $8,000. It was my first experience of a true bear market in the crypto space, and I couldn't hold on any longer, so I sold all my bitcoins, successfully avoiding the massive crash of 312. However, it later surged to $69,000, and I never bought back BTC. This is a huge failure case of missing out on tens of thousands of dollars for the sake of a few thousand dollars.This time, the same script played out; we successfully escaped the peak and cleared our positions before 1011. But this time, we chose to continue accumulating because we don't want to miss out on thousands of dollars for the sake of a few hundred dollars. Trend investing and patiently waiting are the best strategies right now; we know that a significant rise is inevitable, we just don't know which day it will happen."Previously, it was reported that Yi Lihua's Trend Research today increased its holdings by 46,000 ETH, approximately $137 million.

According to a video shared by crypto KOL AB Kuai.Dong, Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated in a recent interview with CNBC: "I don't think this wave of Bitcoin has peaked. We were overly optimistic about reaching new highs before, but I am confident that Bitcoin should set a new all-time high by the end of January. Therefore, it's not just Bitcoin; Ethereum and the entire crypto market are the same."

The founder of the Solana ecosystem AI project Kled, Avi Patel, accused Believe founder Ben Pasternak of continuously selling KLED tokens in the market. Patel stated, "For the past 7 consecutive days, Pasternak has been using a DCA strategy to continuously sell millions of KLED tokens. Initially, according to the fee agreement, Pasternak held over 6% of the KLED token supply, and this portion of the token allocation had been continuously accumulating before our exit from Believe in July. Afterwards, he explicitly promised never to sell KLED on the open market, opting for over-the-counter trading or token destruction if liquidity was needed."Patel pointed out that on September 25, the day the project's mobile application was released, Pasternak's public wallet address showed significant selling. He explained that he had transferred the tokens to an undisclosed third party, but that third party immediately sold over 1% of the total supply in the market. The Kled project team was then forced to take on part of his holdings through over-the-counter trading at an estimated valuation of about $27 million, reducing his share to about 3.5%.About a week ago, Pasternak began selling tokens in the market again, prompting the Kled project team to organize another over-the-counter buyback, reducing his holding percentage to about 1.7%. It is reported that Pasternak currently still holds about 2 to 3 million tokens and continues to sell.

According to Jinshi reports, White House National Economic Council Director Hassett stated that President Trump believes the Federal Reserve's interest rates can be lower.