Samourai Letter #1: Notes From The Inside
January 12, 2026
Bitcoin ETF redemptions explain why BTC stalled near $91k
January 12, 2026
Some felt the ongoing FUD against MSTR, Tether and now David Sacks, could be a coordinated attack.
Bitcoin has seen high adoption, attracting over $1 trillion in inflows.
Tether's $181B in assets surpassed its USDT libalities of $174B, but short on the liquidity front.
Will Fusaka boost ETH's recovery odds?
HYPE's monthly buyback was 4x more than recent token unlock selling pressure.
If adopted, Ethereum could further close the cost gap with Solana.
POL has seen massive accumulation in the past few months, but price has remained muted.
Tether has doubled down on BTC and gold as a reserve assets.
Tether's tokenized gold, XAUT, more than doubled in 2025.
Despite the near term uncertainty, the market expected $80k support to hold.
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