January 5, 2026 Report

In the past couple of days, everyone's main concern has been the event of the Venezuelan president being detained.

Currently, this event has little impact on the crypto market, and most people are not taking it too seriously.

BTC has risen above $92,500, and MEME coins have also experienced a collective rebound, indicating that market sentiment is still quite good.

Next, we will observe the trend of US stock futures and spot markets. The futures opening mainly reflects the views of Asian investors.

By the evening, when US stock spot markets open, it will represent the expectations of European and American investors.

Based on the available information, overall sentiment remains quite optimistic.

Venezuela is rich in oil, gold, and rare earth resources. If everything goes smoothly, the US will participate in joint extraction.

This will benefit the US economy and help alleviate their inflation pressures.

In the past few years, US tech giants have been most troubled by the supply chain bottlenecks of rare earth elements in Asia.

If Venezuela’s rare earths are mined in cooperation with the US, it can directly reduce the supply chain risks for high-tech manufacturing in the US.

The market will perceive increased safety and higher certainty, making them more willing to assign higher P/E ratios to Nasdaq, which is a positive for both US stocks and BTC.

On-chain data shows that BTC turnover rate is rising. Currently, it is mainly short-term profit-taking investors selling off, but buying interest is also quite strong, indicating that many investors are optimistic about a rebound in 2026.

BTC chip structure has not changed much. Whether BTC can successfully establish a bottom at $87,000 mainly depends on the trend after the US stock market opens on Monday.

If US stocks continue to rebound in the evening, it will be favorable for BTC prices to continue rising.

MicroStrategy (MSTR) has released a Bitcoin tracker again, hinting that they plan to continue buying BTC.

El Salvador still insists on buying one BTC every day, with current holdings reaching 7,521 BTC.

Additionally, SOL is about to undergo the Alpenglow upgrade, which is worth paying attention to.

This upgrade is a major reconstruction of Solana’s core consensus mechanism.

It will completely replace the existing Proof of History (PoH) and Tower BFT consensus components with a brand-new protocol architecture.

The upgrade is led by Anza, the infrastructure team spun off from Solana Labs, and has passed community governance voting, with validators also approving it.

The goal of this upgrade is to significantly improve performance, reducing transaction confirmation time from about 12.8 seconds to 100-150 milliseconds, roughly a 100-fold speed increase.

This means confirmation will be almost instantaneous, comparable to traditional Web2 payment systems like Visa or Stripe.

Solana’s revenue in 2025 is around $1.5 billion, surpassing the combined total of Hyperliquid and Ethereum.

With the approval of the Solana ETF, it has officially entered the realm of institutional investors and their asset allocations.

The importance of this Alpenglow upgrade is comparable to Ethereum’s switch from POW to POS in 2022, so it is worth our close attention.