Traders Are Selling at a Loss? - 23.01.2026 What on-chain data says about the market

This episode explains why crypto prices feel stagnant while major structural changes happen behind the scenes: realized losses and retail capitulation, gold’s breakout signaling a macro regime shift, and a theoretical Ethereum “death spiral” stress test. It also covers how institutions are preparing for long-term threats and adoption—Coinbase planning for quantum risk, PwC noting stablecoins moving to production, Ledger’s IPO plans, and Farcaster returning capital—highlighting a divergence between falling prices and growing infrastructure. Subscribe to our daily Free Crypto Newsletter: https://crypto.report.