Bitcoin staged a sharp V-reversal early on Jan 28, dipping to $87,200 before surging past $89,000, currently trading at $89,219. Ethereum followed suit, breaking above $3,000 and sitting at $3,010. The recovery suggests solid support and a consolidating uptrend.
Swing Whale Cashes Out 10K stETH
On-chain data shows that an address (starting with 0xd45), known for ETH swing trading with cumulative profits of $98.18 million, executed its first sell since building positions on Jan 12. Three hours ago, it deposited 10,000 stETH (worth $30.12 million) to market maker Wintermute, receiving 30.03 million USDC back. The address had accumulated 70,013 ETH at an average cost of roughly $2,907. This sale netted a profit of $1.039 million. It still holds 60,013 ETH with an unrealized gain of $7.243 million, pushing its total ETH swing profit to $99.22 million.
Tom Lee's 2026 Price Targets
Fundstrat co-founder Tom Lee predicts Bitcoin could reach $200,000 to $250,000 by 2026, with Ethereum climbing to $7,000-$9,000. He argues that the traditional four-year halving cycle is being disrupted by ETF-driven demand, institutional accumulation, and a favorable macro backdrop. With institutional capital ready and fundamentals improving, a re-rating of crypto assets may be only a matter of time.