2026-01-22 05:11:26

#贵金属黄金与白银刷新历史高位 $BTC, $ETH, $BNB——Recently saw an interesting market analysis. Some institutions observed a clear "ice and fire" phenomenon in Q4 of this year.

The data appears fragmented: Ethereum's price has dropped 29%, yet on-chain transaction volume has hit new highs. Crypto concept stocks have fallen around 20%, but the revenue growth of industry companies is expected to be more than three times that of other sectors. Market sentiment is very subdued, yet the assets under management and trading volume of stablecoins have both hit record highs.

Does this kind of divergence sound familiar? Actually, it's not. Returning to Q1 2023, a similar situation occurred back then. And then? The prices of crypto assets experienced a significant rally within two years.

So now the question is—will this repeat? Is this internal market segmentation a bottom signal or something else? The contrast between the resilience of on-chain data and the weakness in prices might be worth pondering more.

BTC1.05%

ETH0.56%

BNB1.36%

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StableGeniusDegen

· 6h ago

Prices are falling but on-chain transactions are booming? This trick was played in Q1 2023 too. Back then, it was just as divided, and later doubled outright... Now, you really have to pretend to be dead to make money.

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tx_pending_forever

· 14h ago

With such strong on-chain data, why is it falling? It seems like someone is dumping to absorb the supply.

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ser_ngmi

· 14h ago

While prices are falling, on-chain activity is soaring. We've seen this pattern before last year. It's quite interesting.

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Token_Sherpa

· 14h ago

honestly the on-chain fundamentals doing their thing while prices tank is the oldest playbook... seen this act before and it usually works out. but let's be real—people chasing 2023 repeats are basically pattern matching their way to the poorhouse. velocity trap waiting to happen imo

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GweiWatcher

· 14h ago

Prices are falling but on-chain data is exploding. We've seen this pattern before last year. Let's wait and see if we can get another rebound.

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PumpDoctrine

· 14h ago

On-chain data is so fierce, yet prices remain dead and dull, which is indeed a bit strange. --- It's that "ice and fire" narrative again, heard it last year too, and look what happened—got slapped in the face. --- Wait, record-breaking stablecoins? That’s the real signal, smart money is accumulating. --- Prices have fallen so much but trading volume hits new highs... either the bottom is in or something’s fishy. --- The wave in Q1 2023 definitely pushed prices up, but if you follow this logic, trading should be highly profitable. Why are there still so many losses? --- I just want to know if this time it’s another empty promise, don’t fool me into going all-in again. --- Industry revenue has tripled, but the coin prices are so weak—capital has probably left. --- Bottom signal? I only trust on-chain activity; everything else is just虚假的.

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AirdropAnxiety

· 14h ago

Wait, on-chain data hits a record high but the price drops? Isn't this the smell of a bottom? --- Honestly, I experienced that wave in Q1 2023 too. Now it really feels like that... but I still don't dare to go all in. --- Record-breaking stablecoin trading volume? That's a bit scary, indicating how many people are bottom-fishing or fleeing. --- Institutions are accumulating coins, retail investors are taking losses. This script is nothing new. --- The double-edged sword of ice and fire sounds intimidating, but it's actually smart money laying out their positions. --- Is it true? ETH drops 29% but trading volume hits a new high? How many people are bottom-fishing? --- Don't fool yourself; active on-chain activity ≠ price increase. We still need to wait for the Fed's signal. --- I don't believe you. I've heard too many times about "bottom signals" like this. --- The company's revenue growth tripling is the real deal. The price will catch up sooner or later.

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