HashBandit

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.

On January 20th, Bitcoin experienced a short-term correction, falling below $91,000. BTC OG's large whale's unrealized losses expanded to $7.26 million. Long positions are heavily underwater, with only SOL maintaining an unrealized profit of $760,000. The overall market risk has increased, and attention should be paid to institutional movements.

【BitPush】Interesting on-chain movement: A newly activated wallet address withdrew a large amount of 8,551 ZEC from an exchange yesterday. At the current price, this withdrawal is worth approximately $3.12 million. The fact that a new wallet address made such a large transaction suggests that the person behind it still has some confidence in ZEC, or it could simply be a fund transfer strategy. Such large withdrawals usually indicate that the funds are being prepared for long-term holding, or is there another trading plan? Market attention to ZEC has always been quite high, and this movement may be worth monitoring.

Pasay City police in the Philippines successfully rescued a kidnapped cryptocurrency holder. The kidnappers illegally detained the victim on false debt charges, threatened their life, and stole a large amount of cryptocurrency and cash. This incident serves as a reminder for cryptocurrency holders to be vigilant about personal information leaks and security risks.

The new U.S. president has launched the "Peace Committee" framework, requiring countries to sign and invest $1 billion for a permanent seat, sparking tensions in Europe. After France's rejection, EU member states are observing, posing a challenge to the global multilateral system. The market faces geopolitical risks, and cryptocurrencies are becoming hedging tools. The future global power structure may shift toward a fragmented game theory model.

The security monitoring team detected a large-scale abnormal transaction in the SynapLogic ecosystem. Attackers used flash loans to carry out arbitrage attacks, successfully minting 16,000 SYP tokens and repaying the loan. This incident exposed security vulnerabilities in the contract design, reminding project teams to strengthen audits and users to stay vigilant.

Recently, a large-position trader has attracted attention due to their continuous reduction of HYPE holdings. Starting with significant losses, they reduced their position from $2.82 million to zero, ultimately losing $560,000. Having previously profited handsomely in the blue-chip NFT sector, she has faced successive failures in recent years, prompting reflection.

The Trove project launched token trading on January 20th, with an opening valuation of up to $20 million, but within less than 4 hours, it dropped to $950,000. During the fundraising process, the Trove team reserved $9.4 million for Solana development, sparking anger and accusations from investors. The project also faced issues such as unclear funding flow for KOL promotion and multiple rescheduling of the ICO deadline, ultimately leading to a large sell-off of tokens that intensified community dissatisfaction.

【Crypto World】Monitoring data shows that an unknown address has just transferred 24,544 ETH to Beacon Depositor, equivalent to approximately $78.91 million at current prices. Large inflows of ETH into staking contracts are usually seen by the market as a sign that institutions are optimistic about the long-term prospects. This transfer is quite significant in scale and warrants ongoing attention to subsequent on-chain movements.

Recently, Galaxy Digital released 13,000 Ethereum through over-the-counter trading accounts, worth approximately $41.75 million. Some of these have entered the market and moved into hot wallets across multiple exchanges. This move has attracted market attention, and the specific purpose remains to be seen.

Bitcoin Hyper has launched a Layer-2 extension ecosystem combining Solana and Bitcoin technology, with its native token HYPER currently in presale. Meanwhile, 49 publicly listed companies have accumulated approximately 5% of Bitcoin, and institutional investment continues to grow, indicating that Bitcoin is shifting from retail asset holdings to corporate asset allocation.