HashBandit

On-chain data shows that on January 21, a seasoned PEPE trader used 10x leverage to heavily buy 215 million kPEPE tokens. Although currently at a slight loss, their past trading records indicate a high win rate, with a total profit of $54,000, possibly positioning for future market movements.

The U.S. Department of the Treasury announced that it will change the way digital assets are handled, incorporating the Bitcoin held by the Department of Justice and the Treasury into the "U.S. Strategic Bitcoin Reserve," which will be permanently retained and no longer auctioned. This move aims to prevent the loss of sovereign digital wealth and to regard Bitcoin as a long-term national store of value, potentially having a profound impact on global digital asset policies.

If Japanese investors begin to reduce their support for the U.S. bond market, it could trigger a series of market chain reactions. Sumitomo Mitsui Financial Group plans to significantly increase its investment in Japanese government bonds, reflecting the attractiveness of domestic bond yields, which could alter global asset allocation and liquidity in the crypto market.

Recently exposed a scam targeting Linux users, where hackers purchase expired domains, update legitimate applications through official channels, embed malicious code, and disguise themselves as well-known wallets to trick users into entering their seed phrases, stealing cryptocurrency assets. This type of "domain resurrection attack" severely abuses trust mechanisms. Users should be vigilant about suspicious updates and verify developer information.

The stablecoin lending platform launched by World Liberty Financial is making rapid progress, backed by hundreds of millions of dollars, and has applied for a US banking license. The WLFI token is trading at $0.1643, up 14% since the beginning of the year. The platform will hold a high-end forum on February 18, emphasizing the importance of stablecoin compliance. The progress of future license applications is worth watching.

The Berachain ecosystem has recently been active, with the BERA token price rebounding above $1, daily trading volume surging to $17.9 million, and technical indicators showing positive signs. Open interest has increased. However, short-term liquidity between $1.02 and $1.05 may trigger volatility, so caution is advised.

This morning at 10:00 (UTC+8), the SKR token of the Solana ecosystem project officially launched its airdrop, but the market reaction was tepid, with pre-market trading prices dropping over 53.4%, currently at only $0.00769. Nevertheless, the community remains optimistic about SKR's performance after launch, expecting the price to rebound to $0.02 to $0.04, though there are differing opinions on its true valuation. The post-airdrop performance will reveal the market trend.

Recently, the "US Oil" (USOR) token on Solana surged over 150% due to news linking it to Venezuela's oil assets, with a market capitalization of $40 million. However, this phenomenon is actually a speculative bubble lacking substantial support, carrying extremely high risks. Traders should remain vigilant.

U.S. Secretary of Commerce predicts that the GDP growth rate in the first quarter of this year will exceed 5%, but points out that high interest rates have suppressed economic potential. He believes that if interest rates are cut, the growth rate could reach 6%. In contrast, the Treasury Secretary's outlook for future growth is more cautious, expecting a growth rate between 4% and 5% in 2026. These changes in macroeconomic expectations have significant impacts on capital allocation and asset prices.

Recent geopolitical tensions have caused a significant decline in the cryptocurrency market, with daily liquidations exceeding $800 million. The EU's countermeasures against US trade policies have intensified market concerns, leading to a rise in safe-haven assets such as gold, indicating a decrease in risk appetite. Currently, the market is in a critical period of self-adjustment and risk assessment.

Recently, the market has experienced intense volatility. In the past 4 hours, a wave of liquidations across the entire network has led to $236 million in positions being forcibly closed, mainly affecting long positions. Over 140,000 traders were liquidated within 24 hours, amounting to $583 million, prompting market participants to adopt a cautious attitude.

【Chain Wen】Important! U.S. Treasury Secretary Janet Yellen recently stated that seized Bitcoin will become part of the government's digital asset reserves. This indicates that the U.S. government is gradually establishing a Bitcoin strategic reserve—similar to gold reserves. From previous confiscation and destruction to now holding long-term, the attitude shift is very clear. The promotion of government digital asset reserves could change the overall outlook for the crypto market. In the short term, it benefits the Bitcoin narrative; in the long term, government recognition will also encourage more institutions to follow suit. This trend warrants ongoing attention.

A leading compliance platform executive in Davos stated that the legislative framework for the cryptocurrency market structure and the prospects for tokenization are entering a new phase. He emphasized the importance of fair competition for the development of stablecoins and promoted dialogue with traditional finance to explore a "win-win" model. Additionally, the Bermuda cooperation agreement plans to build an on-chain economic system, which could become a benchmark case for Web3 empowerment.

【Blockchain Rhythm】On January 20th, Bitcoin's market experienced a correction, with the price falling below the $91,000 mark. According to real-time market data, Bitcoin has decreased by 2.30% in the past 24 hours, and market sentiment has slightly cooled. Investors should pay attention to subsequent support levels and the possibility of a rebound.

Plume Network has integrated the Nest nBASIS vault product into the Gate DEX wallet. Users can participate directly through the wallet in yield activities linked to real assets, with an annualized yield of approximately 3.6%. This move reduces the complexity of participating in on-chain yields, allowing more users to easily enter the cryptocurrency investment market.

Bitcoin is consolidating above $90,000, with market sentiment and on-chain indicators showing positive signals. The Hash Ribbons indicator suggests that miner capitulation is nearing an end, potentially presenting a long-term buying opportunity. The Fear and Greed Index also shows improvement, indicating a potential upward move. However, if it falls below $90,000, the price could retreat to $80,000–$85,000, and the market is closely watching this key support level.

An active large holder closed a short position of 1004 ETH today, earning $32,000, but still faces a floating loss of $119,000. The account frequently trades with 3-10x leverage, focusing mainly on LIT and ETH, especially ETH, demonstrating high trading density.

【Crypto World】 XRP hasn't calmed down much in the past week. From last Wednesday to now, it has fallen nearly 10%, mainly due to macroeconomic issues causing trouble behind the scenes. What's more heartbreaking is that veteran crypto traders have noticed the reappearance of three pitfalls from 2022—changes in holding cost structure, trading volume decreasing along with the price, and increasingly strong bearish signals. Some are discussing whether it will break the $1 mark, which is indeed a critical level worth paying attention to. However, looking at the charts, there are some bullish signs brewing, but current on-chain data and technical indicators suggest we should remain cautious. In the short term, XRP may still need to be tempered.

【Blockchain Rhythm】Interesting thing, this afternoon a trader staged a big show on BTC. This guy used 40x leverage to short 250 BTC, with an entry price locked at $90,931.4, currently incurring a small loss.
From this address's trading habits, this person is very aggressive. Especially fond of short strategies, often holding overnight positions, usually for 2 to 5 days in a swing. This style either makes a fortune or explodes after a wave of correction, belonging to the kind of trader who dares to fight. The current BTC market trend is the biggest test for these aggressive short-term traders.

The January Fund Manager Survey by Bank of America shows that global investor optimism has reached its highest level since July 2021, with cash holdings dropping to a historic low. However, market correction protection measures have fallen to their lowest since 2018, indicating a decline in risk awareness. Despite the bull-bear indicator soaring to extreme bullish levels, it is still recommended to increase risk hedging and allocate to safe-haven assets. Geopolitical conflicts and the AI bubble are seen as the main risk factors, reminding investors to maintain moderate hedging amid high valuation environments.