Behold, the tale of a crypto conundrum! In the year 2026, the cosmos of digital gold and silver was a tale of two coins, one slumbering while the other stirred. Galaxy’s Alex Thorn, a man of keen eyes and sharper wit, points to a signal so glaring it could outshine a lantern in a cave-yet the masses, ever optimistic, marched forth like sheep in a frenzy, blind to the doom lurking on their charts.
Thorn, with the gravitas of a prophet, declares: “A death cross, nay, a death cross! And yet, the crowd claps, thinking it a parade!”
Alas, the year began with the fervor of a circus, Ethereum soaring past $3,000, Bitcoin flirting with $98,000, and altcoins dancing in the moonlight. But lo, the curtain fell, and the show turned grim. Cryptos, once jubilant, now wailed in red, their losses sharper than a rattlesnake’s bite.
The Death Cross Slumbered On
Thorn, with a sigh, recounts the tale: “A death cross at the dawn of 2026, and yet, the world yawned. Afaict, it was as unnoticed as a whisper in a thunderstorm.”
This mostly went unnoticed afaict but ETHBTC started the year with a death cross
– Alex Thorn (@intangiblecoins) January 20, 2026
On a chart that would make a sailor weep, the 50-day MA for ETH/BTC dipped beneath the 200-day MA, completing a death cross so profound it could make a bear weep. A bearish omen, indeed, foretelling Ethereum’s prolonged struggle against Bitcoin’s might.
Altcoin outperformance, once a merry-go-round, now teeters on the edge of a cliff. When ETH outshines Bitcoin, traders gamble with glee; when the reverse occurs, they huddle like frightened mice.
Ethereum’s Dilemma
Ethereum, that rascal of the crypto world, now finds itself trailing Bitcoin in losses, a tale as old as time. At press time, ETH had plummeted 6.46% to $3,104, while Bitcoin, the stoic, fell 3.12% to $89,991. A duel of wits, where Ethereum’s losses outpace Bitcoin’s like a hare outpaces a tortoise.
In this chaotic dance, Ethereum claimed the title of “Most Liquidated” in Tuesday’s session, gobbling up $240 million in liquidations. Bitcoin, ever the gentleman, settled for $180 million-a modest victory, indeed.
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2026-01-20 19:34