🥛 3 charts that'll decide your weekend 👀

GM. This is Milk Road, the crypto newsletter that feels like upgrading to first class when you paid for economy.

Here’s what we’ve got for you today:

✍️ 3 key moments to watch for.
🎙️ The Milk Road Show: Why Bitcoin Keeps Imploding on Small Moves w/ Scott Melker.
🍪 ETH hit a record 2.9M daily transactions.

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Prices as of 2:00 p.m. ET. Trade today with Milk Road Swap.

3 KEY MOMENTS TO WATCH FOR THIS WEEKEND 👀

Man, this recurring game of ‘tariff chicken’ SUCKS.

Every time they get announced, fear compresses prices down hard and fast.

(It’s tough not to let it affect you.)

But in these moments, it becomes our responsibility as investors to balance our mental scales with real data (so we can decide whether to buy, sell, or hold – without panic taking the wheel).

So let’s do just that.

Right now, there are two forces quietly building tension underneath the tariff-driven price compression, ready to (hopefully) snap prices back up.

The first force is the onchainification of TradFi – or ‘the tokenization of everything’.

Real World Assets (RWAs), excluding stables, just hit all-time highs.

Source: RWA

All while RWAs, including stables, are hovering at near-record levels.

RWA growth is essentially the process of removing ‘speculation on future adoption’ from the equation, and replacing it with entrenched use.

The more built-in real-world adoption there is, the higher the price support becomes.

The second force is macro liquidity.

Global liquidity (aka: the amount of money sloshing around the global economy) climbed to $186.24T in the first week of January.

That's the elastic band waiting to pull prices back up if/when the tariff noise fades.

Source: CapitalWars

The thing is… these two forces aren’t exactly common knowledge. Most people are busy staring at price charts, not the mechanics underneath them.

They see the fear. They don't see the spring loading.

But it matters.

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3 KEY MOMENTS TO WATCH FOR THIS WEEKEND (P2) 👀

As we covered on Monday, we've seen this exact playbook before.

Big tariff threat hits → markets get spooked → threat gets walked back / diluted → market recovers.

The same chain of events knocked ETH out of its ascending channel back in Q1 and Q2 of 2025 (pictured in the 2nd chart below).

It broke the pattern, then recovered.

Right now the levels to watch are clear:

1. Bitcoin

BTC sits at $89.9k and needs to close the week at roughly $91k or above to maintain its long term uptrend (but has fallen out of this trend and recovered as recently as last month).

Source: TradingView

2. Ethereum

ETH is at ~$2.9k heading toward the bottom of its ascending channel and needs to hold above $2.75k to maintain its ~4yr trend.

(But again, ETH has broken this trend and recovered in the recent past.)

Source: TradingView

3. Solana

SOL just touched the bottom of its ascending triangle pattern at around $127 and needs a weekly close at or above that level to maintain it.

Source: TradingView

The cleanest dirty shirt in the laundry basket right now? Ethereum. It’s got the tailwinds of TradFi tokenization filling its sails.

Now, the message here is not “don’t worry, everything will be fine no matter what” – those messages don’t exist in investing.

It’s more of a rebalancing against increased fear.

The ‘recovery’ part of the ‘tariff threat playbook’ only works if:

The threat is walked back at some point.
Macro factors are strong enough to act as the elastic band.

… here’s good news.

Though these recent tariff threats are yet to be walked back, it’s still early. They usually begin on the weekend following the initial announcement (so that’s this weekend).

As for macro? In the first two weeks of 2026, the outlook was great – and guess what: it's still great this week!

Saturday's tariff threats didn't change the fundamentals.

They just compressed the rubber band.

Sure, more bad news could end up snapping it. But good news can also release it.

Point is: don’t go around thinking ‘ultimate doom’ is the only card on the table. It’s not.

For now, the deciding factors on near-term price, trends, and tariff relief are all set to hit by Sunday.

So the weekend wish list goes like this:

Tariffs threats begin to be tempered down.
BTC, ETH, and SOL close above the respective prices laid out above.
Each asset safely holds its uptrend – though: even if they don’t, we’ve seen recovery from broken trends in the recent past.