Quantum risk is emerging as a decisive hurdle for bitcoin’s institutional 
future as sovereign investors weigh long-term resilience, pushing gold and BTC 
into sharper focus amid debt cycles, macro uncertainty, and geopolitical 
realignment, according to on-chain analyst Willy Woo. Willy Woo: Fix BTC 
Quantum Issue Before Macro Bear Market Hits On-chain analyst Willy Woo shared 
[…]

Fixing BTC’s Quantum Issue Tops All Bitcoin Development Priorities, Says Willy Woo

XRP price started a recovery wave above $1.880 but failed near $1.9250. The 
price is now showing a few bearish signs and might decline below $1.880. XRP 
price started a recovery wave above the $1.880 zone. The price is now trading 
above $1.90 and the 100-hourly Simple Moving Average. There was a break above 
a bearish trend line with resistance at $1.880 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair could continue to move up if 
it settles above $1.9250. XRP Price Faces Key Hurdle XRP price remained 
supported above $1.80 and started a recovery wave, like Bitcoin and Ethereum. 
The price was able to climb above $1.850 and $1.880 to enter a short-term 
positive zone. There was also a move above the 50% Fib retracement level of 
the downward move from the $1.963 swing high to the $1.810 low. Besides, there 
was a break above a bearish trend line with resistance at $1.880 on the hourly 
chart of the XRP/USD pair. The price even spiked above $1.920 before the bears 
appeared. The bulls failed to clear the $1.9250 resistance and the 76.4% Fib 
retracement level of the downward move from the $1.963 swing high to the 
$1.810 low. The price is now trading above $1.90 and the 100-hourly Simple 
Moving Average. If there is a fresh upward move, the price might face 
resistance near the $1.9250 level. The first major resistance is near the 
$1.960 level. A close above $1.960 could send the price to $2.00. The next 
hurdle sits at $2.050. A clear move above the $2.050 resistance might send the 
price toward the $2.150 resistance. Any more gains might send the price toward 
the $2.20 resistance. Another Drop? If XRP fails to clear the $1.9250 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $1.880 level. The next major support is near the $1.865 
level. If there is a downside break and a close below the $1.8650 level, the 
price might continue to decline toward $1.840. The next major support sits 
near the $1.820 zone, below which the price could continue lower toward 
$1.750. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing 
pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for 
XRP/USD is now above the 50 level. Major Support Levels – $1.880 and $1.8650. 
Major Resistance Levels – $1.9250 and $1.960.

XRP Price Breaks Out, But Bulls Show Caution Above Resistance

A sharp drop in stablecoin supply is raising concerns that a crypto market 
recovery may lack the liquidity needed to gain significant momentum. On-chain 
data shared by Santiment on Jan. 26 showed that the combined market 
capitalization of the 12…

Crypto market rebound may stall as stablecoin supply shrinks amid precious metal rotation

Polymarket will be the prediction market partner for the US Major League 
Soccer with the plan to offer “ways to engage more deeply with the game.”

Polymarket strikes prediction market deal with major US soccer league

BlackRock has filed an S-1 for an “iShares Bitcoin Premium Income ETF,” a 
product that aims to track bitcoin’s price while generating option premium by 
systematically selling calls tied primarily to its own spot bitcoin ETF, IBIT. 
For BTC-linked derivatives markets, the filing is being read less as a 
directional catalyst and more as another potential source of mechanical 
volatility supply. Bloomberg ETF analyst Eric Balchunas flagged the document 
on X, noting that key commercial details are still missing. “BlackRock just 
dropped the official S-1 for it&#8217;s upcoming iShares Bitcoin Premium Income 
ETF.. no fee or ticker yet,” Balchunas wrote. “The strategy is to ‘track 
performance of the price of bitcoin while providing premium income through an 
actively managed strategy of writing (selling) call options primarily on IBIT 
shares and, from time to time, on ETP Indices.’” BlackRock just dropped the 
official S-1 for it&#8217;s upcoming iShares Bitcoin Premium Income ETF.. no fee or 
ticker yet. The strategy is to &#8220;track performance of the price of bitcoin 
while providing premium income through an actively managed strategy of writing 
(selling) call options… pic.twitter.com/CZDahm4mNj — Eric Balchunas 
(@EricBalchunas) January 26, 2026 Here’s What It Could Mean For Bitcoin The 
basic premise is familiar to anyone who has watched covered-call equity ETFs: 
sell upside to monetize implied volatility. In bitcoin’s case, the underlying 
options are written on an ETF wrapper rather than directly on BTC, but the 
economic effect is similar, steady call overwriting can increase supply of 
short-dated upside exposure and compress the premiums available to sellers 
over time, particularly if multiple products pursue comparable programs. 
Related Reading: Bitcoin Whale Demand Hits Extreme Levels As Next Rally Loads 
Up That dynamic was the focus of commentary from Wintermute’s head of OTC 
trading, Jake Ostrovskis, who framed the filing as additive to an already 
crowded volatility-selling landscape. “BTC vols already suffer from 
significant oversupply following the rollout of ETFs, SP&#8217;s &amp; options on IBIT,” 
Ostrovskis posted. “Now add more mechanical vol selling and the only logical 
outcome is further steady decline in yield from market-implied premiums.” The 
implication is not that bitcoin’s price must fall because a premium-income ETF 
exists, but that the “income” component could become harder to sustain at 
attractive levels if implied volatility continues to be leaned on by 
systematic call sellers. In that world, headline yields may drift lower, and 
the payoff profile becomes increasingly path-dependent, premium capture in 
quiet regimes can look reliable, but it can also leave investors structurally 
underexposed to sharp upside moves if BTC trends higher through the strikes 
being sold. Related Reading: Is Bitcoin Supercycle Truly On The Horizon? 
Analyst Predicts $31K Bottom In 2026 For market participants trying to extract 
option premia from BTC exposure, Ostrovskis argued the edge shifts away from 
simply being short vol and toward execution and distribution. 
“Structuring/timing + leaning on axes via OTC desks will become increasingly 
important to optimise returns on otherwise dormant assets,” he wrote, pointing 
to the growing role of bespoke structuring, strike selection, tenor 
management, and liquidity access as the trade becomes more crowded. If 
BlackRock proceeds and demand materializes, the next question for traders will 
be how much incremental call supply the strategy represents relative to 
existing IBIT options activity and whether that supply concentrates in 
specific expiries or strikes. Either way, the filing underscores a broader 
maturation trend: as BTC exposure becomes more ETF-native, the center of 
gravity for volatility pricing may continue to migrate toward the wrapper’s 
options market, with implied premiums increasingly shaped by systematic flows 
rather than discretionary views. At press time, Bitcoin traded at $87,633. 
Featured image created with DALL.E, chart from TradingView.com

Cryptocurrency price in BRL