Three Trades to Watch This Week

AXS, Bitcoin, and Meta: Navigating the January Volatility

The crypto market is rarely quiet, and this week is no exception. We are seeing a violent rotation into GameFi, a decoupling of Bitcoin from traditional hedges, and a high-stakes earnings play in the equity markets. Here is what you need to know to stay ahead.

1. AXS: The GameFi Giant Wakes Up 

After months of dormancy, Axie Infinity (AXS) has returned with force. The token surged 200% in January, climbing from $0.83 to $2.58 and catching much of the market off-guard.

• The "Kimchi" Squeeze: Korean retail interest is back. Upbit is seeing roughly $320 million in daily volume, representing 32% of global turnover.

• The Short Squeeze: Funding rates reached an extreme -11.24% earlier this week. Shorts were squeezed out as the price broke $2.00, triggering $3.7 million in liquidations within 24 hours.

• Fundamental Support: A pivot to bAXS staking utility and a governance decision to stake $9 million of treasury ETH have provided a fundamental floor.

Trader’s Takeaway: Respect the momentum. As long as funding remains negative, the squeeze could extend beyond $3.00. The $2.00 level is the new floor; losing it would signal the end of the move. Trade AXSUSD on BitMEX.

2. BTC: The Broken Correlation 

Bitcoin is currently challenging its "Digital Gold" narrative. While Gold pushes new highs, Bitcoin is consolidating in a lower range, trading more like a risk-off asset.

• Technical Structure: BTC was rejected at the $97,000 local top and is currently stuck between $87,300 support and $90,300 resistance.

• Moving Averages: Prices are battling the 50-day MA at approximately $89,846. The 200-day MA at $93,165 remains a major supply level.

Trader’s Takeaway: Wait for the breakout. Bulls need to reclaim the $93,000 level to shift the momentum. A daily close below $87,300 opens the door to the $80,600 Fibonacci support. Trade BTCUSD on BitMEX with up to 100x leverage.

3. META: The Earnings Play Meta's Q4 earnings release on 28 January 2026 is a critical juncture for those trading equity perps. The stock is currently down roughly 20% from its August 2025 highs.

• The Capex Trap: Investors fear 2026 capital expenditure guidance will reach $100 billion. If AI spending does not show immediate revenue returns, the market may punish the stock.

• Regulatory Headwinds: The "Pay or Consent" model in the EU is a direct hit to ad efficiency in Meta's second-largest market.

Trader’s Takeaway: This earnings print is binary. If Meta guides high on spending and low on ads, the "falling knife" could cut deeper toward $589. Conversely, any signs of spending discipline could trigger a 10% to 15% relief rally. Trade META on BitMEX.