JSE:DRD News 13 January 2026

January 27, 2026, 8:55 PM EST. Bitcoin is entering a more stable and resilient phase, according to a joint report by Coinbase Institutional and Glassnode. The firms note that excess leverage was flushed during last year's Q4 selloff, reducing vulnerability to liquidations. Institutional investors now prefer options hedges over leveraged futures, signaling defensive positioning. On-chain data reveal redistribution by long-term holders rather than forced selling, suggesting a disciplined market structure. Coinbase's Global M2 Money Supply Index indicates near-term support, although growth may moderate later. Investor sentiment has shifted from optimism to caution since October, aligning with macroeconomic uncertainties and subdued market dynamics. The report underscores a shift toward durability over speculative momentum in Bitcoin's outlook.