According to The Kobeissi Letter, initial jobless claims have increased by approximately 230% over the past two months, escalating from around 580 claims per week on December 28th to 1,893 claims last week. This substantial rise in jobless claims could indicate deteriorating economic conditions, which traders may consider as a bearish signal for market stability.

According to Miles Deutscher, the TOTAL3 chart, which represents the total cryptocurrency market cap excluding Bitcoin and Ethereum, may have formed a double top pattern. This pattern is often seen as a bearish signal, indicating a potential reversal in the market trend. Traders should monitor this development closely as it could suggest a forthcoming decline in altcoin prices. The analysis is based on the chart pattern observed by Deutscher.

According to @EmberCN, whale nemorino.eth sold 10,828.5 ETH for $28 million USDC to repay a loan on Aave, with an average selling price of $2,586 per ETH. After clearing the debt, the whale still holds 8,833.4 ETH valued at $23.26 million. Such deleveraging by a whale is typically seen as a bearish signal.