The Bitcoin daily death cross has opened so wide; according to historical patterns, it should have plunged by now. Why is it still holding on? The truth is, the recent wave of a ten-thousand-point plunge fed the bears well, and now it’s just a rebound reflecting the light. The real eye of the storm is next week—if the Federal Reserve turns hawkish and does not cut interest rates, all rebounds will be pushed back to their original state!
The market never simply repeats history, but the logic always cycles. Right now, the death cross on the Bitcoin daily chart signals strongly, yet the market seems to be supported by an invisible hand. This has caused many retail investors waiting for a plunge to waver: Could it not drop anymore? In fact, this is just a standard technical rebound after a crash—the bears are taking profits, and short-term funds are betting on a rebound, all accumulating energy for the next trend. And a bigger macroeconomic headwind is counting down: the Federal Reserve's interest rate decision next week is very likely to express hawkish sentiment again, delaying expectations for rate cuts. Once the news lands, the current fragile bullish sentiment may instantly collapse.
In such a turbulent pattern, we can see some projects building real value against the trend. For example, Plasma, which focuses on stablecoin infrastructure, does not chase market hotspots like most public chains but is solidly addressing the fundamental issues of stablecoin payments and liquidity. Since the launch of the mainnet Beta in 2025, Plasma has set a record for the fastest growth in history with over $2 billion in stablecoin TVL, breaking through $3.2 billion to date. Behind this is its precise positioning: a high-performance, zero-fee, EVM-compatible Layer 1 designed for global capital flow. Especially as market volatility increases, the practical demand for stablecoins becomes more prominent—Plasma is precisely at this real pain point.
Recently, Plasma's technical progress has garnered much attention: on January 21, it achieved sub-second finality and smoother Reth support, bringing the stablecoin payment experience close to the smoothness of Web2. Its core PlasmaBFT consensus mechanism supports 1000+ TPS and sub-second block times, fully compatible with EVM while maintaining high performance, allowing developers to seamlessly migrate existing applications. These upgrades are not just talk; at the start of 2026, Plasma announced a series of significant integrations: on January 23, it connected with NEAR Intents, enabling seamless exchange and on-chain large-value settlements of 125+ assets across 25+ chains; on January 22, the enterprise payment platform ConfirmoPay supported its on-chain USD₮, allowing corporate users to receive payments with zero Gas fees; earlier, CoWSwap launched MEV-protected swaps, and Raincards integrated to support 150 million merchants worldwide using USD₮ for payments. All these collaborations point in the same direction—promoting stablecoins from trading assets to everyday payment and settlement tools.
Ecosystem data is equally impressive: the SyrupUSD₮ pool TVL has exceeded $1.1 billion, holding the highest stablecoin supply/borrowing ratio in Aave V3. Pendle governance optimization and Ethena PT capacity expansion (sUSDe PT once reached a cap of $1.2 billion) further strengthen its DeFi depth. Notably, despite market fluctuations, Plasma's native token XPL has recently risen against the trend, with prices steadily increasing, reflecting the market's recognition of its fundamental value. The massive commitment of $373 million during the public sale also confirms the community and institutions' confidence in its vision.
Looking ahead to 2026, the Plasma roadmap is clear: full deployment of the mainnet, activation of cross-chain bridges, continuous expansion of the ecosystem, and plans to introduce new features like Sky. It does not chase short-term market noise but focuses on the long-term vision of a 'digital dollar'—reshaping the way global capital flows through instant, transparent, zero-cost stablecoin circulation. In the current macro uncertainty and market technical pressure, projects that solidify their foundation and focus on real demand may be able to ride through cycles and accumulate deeper growth momentum.
Back to the initial question: Will Bitcoin fall? The technical and macro perspectives have gradually formed resonance, and the rebound may just be the calm before the storm. In this round of market cleansing, projects like Plasma, which focus on addressing actual financial needs and continuously implement their ecosystem, are likely to become more resilient in the next cycle. Traders' eyes are on the candlesticks, while builders' eyes are beneath the waves— which one do you prefer to focus on?
