TokenSherpa

Major institutions hold over 4,167,000 ETH, accounting for 3.4% of the circulating supply, sparking market concerns about ETH's scarcity. Despite bullish fundamentals and technicals, ETH has declined approximately 4% in the short term, breaking below $3,200, indicating that market pressure has shattered optimistic expectations.

【Blockchain Rhythm】On the afternoon of January 19th, a whale's operation drew attention. The trader known as "Lightning Reverse" decisively closed a short position of 10,871.77 ETH at 15:52, earning a profit of $1.085 million. However, after earning trading fees, the whale did not rest but immediately turned bullish, establishing a long position of 34.21 BTC with 20x leverage. Currently, this BTC long position is temporarily floating at a loss of $47,000, and its future trend remains to be seen.

The Paradex trading platform in the Starknet ecosystem experienced a major technical failure, and users were forcibly liquidated due to extreme funding rates. The platform initiated an emergency response and plans to roll back the chain state to before the database maintenance. The incident resulted in actual user losses, highlighting the need to optimize the stability of Layer 2 ecosystem infrastructure.

The Korea Customs Service has uncovered a large-scale illegal virtual asset exchange case involving a total amount of 140 billion KRW (approximately $95 million). The criminal gang used various payment methods to convert illegal funds into virtual assets, then exchanged them for Korean won cash. The case highlights regulatory loopholes in virtual assets and serves as a warning for compliant users to be aware of legal risks across multiple countries.

【Crypto World】It is reported that YZi Labs has made a strategic investment of tens of millions of dollars in the trading platform Genius Trading. There is also a significant piece of information behind this funding—well-known investor Zhao Changpeng will serve as an advisor.
This move reflects continued capital optimism towards innovative trading solutions. As an emerging platform, Genius Trading gaining recognition and advisory support from leading institutions may accelerate its market deployment. In the context of increasing competition among exchanges and users' rising expectations for trading experiences, such funding events are worth paying attention to.

A trader known as the "Aggressive Long Pioneer" in the crypto circle executed a stop-loss operation due to FARTCOIN's performance not meeting expectations, closing out 1.79 million short coins with a loss of $40,000. This demonstrates the risks of high-frequency trading and full-position operations, as market reversals can lead to significant losses.

SOL's recent trend has clearly shifted, with the price dropping sharply and forming a large bearish candlestick. The bearish momentum is strong, and increased trading volume indicates selling pressure accumulation. The MACD has issued a death cross signal, while the KDJ shows an oversold condition, potentially indicating a rebound opportunity. It is recommended to consider going long or short at specific price levels. The current support level is at 139.0, and the resistance level is at 145.0.

【Crypto World】The RMB continues to appreciate against the US dollar, with the midpoint price up 27 basis points from the previous trading day, currently quoted at 7.0051, reaching the highest level since mid-May 2023. What does this upward trend mean? From a trading perspective, RMB appreciation is often accompanied by increased expectations of capital inflows, which can impact on-chain trading pairs and the flow of fiat currency in and out of the market. Market participants should pay attention to such exchange rate fluctuations, as they may alter cross-border capital allocation strategies in the short term.

【Blockchain Rhythm】Ethereum experiences a significant correction, falling below the $3200 mark. According to trading data, the 24-hour decline reached 3.71%. In the short term, this drop has attracted market attention, with many traders observing the subsequent support levels.

An experienced trader pointed out that as confidence in fiat currencies declines, the performance of digital assets will diverge. Altcoins have a bleak outlook, while Bitcoin, often called "digital gold," remains unstable and may face strong competition. He also mentioned the pattern of Bitcoin's movements: after a sharp surge, there is often an 80% correction, and the current downtrend has not yet ended. This reminds us that the performance differences among various assets may exceed expectations.

The Trump administration's Treasury Department emphasized the independence of the Federal Reserve, indicating that the incoming chair will not significantly change monetary policy. For the crypto market, this means clear expectations for monetary policy, which helps stabilize asset allocation.

Next week will see multiple major token unlock events, which are expected to impact market liquidity. The main tokens include LayerZero, Plume, and Humanity, with a total unlock market value of $170 million. Traders should pay attention to corresponding price and trading volume changes.

Huang Licheng recently increased his ZEC long positions by approximately $246,000, with the average cost decreasing to $411.29. Although there is still an unrealized loss, he remains confident in the market. At the same time, he took profit on HYPE and ETH contracts, with the total long position in his account approaching $45 million, and recent unrealized gains exceeding $2.538 million.

Platform X plans to increase support for creators in 2026, calling 2025 the "Year of Creators," with a focus on in-depth content and long-form articles. The latest incentive program offers rewards of up to $1 million to encourage original, high-quality articles. Participants must adhere to community policies, and opportunities are primarily available to users in the United States.

The global financial landscape is undergoing profound changes, with gold prices expected to rise by over 60% by 2025. Central banks' changing attitudes towards gold, significant growth in global gold demand, active trading in the Hong Kong gold market, and accelerated infrastructure development all reflect increased economic uncertainty and a diversified asset allocation demand.

The Meme coin TRUMP launched by Trump quickly ignited the market after its debut, with its market capitalization soaring from $1 billion to $20 billion, setting a record. However, the coin's price then sharply declined, prompting deeper reflection on the nature of the crypto market. This event highlights the contradiction between hype and the ideals of decentralization, as well as the influence of political power on the crypto space.

An early Bitcoin investor accumulated 5,000 BTC at $332 in 2013, and recently sold 500 BTC. His total profit has reached $260 million. He currently still holds 2,500 BTC, which is estimated to be worth approximately $237 million at the current price, demonstrating a prudent investment style.

Platform X is developing an intelligent asset tagging feature, but the existing backend query system faces difficulties in retrieving small-cap cryptocurrencies. Product manager Nikata Bier pointed out that the API can process newly minted assets in real-time and theoretically identify tokens that have not yet been listed on exchanges. When asked about future trading features, Bier responded with "Stay tuned," indicating that the feature is still under evaluation.

Monero's recent price has increased by 44%, with a 19% surge on January 12th alone, but there is no clear reason, and no significant protocol or policy changes. Despite lively social media discussions, its privacy features have led exchanges to generally avoid listing it, limiting its prospects for mainstream market adoption. The future sustainability of its upward trend remains uncertain.

Recently, a trader shared their position adjustment approach. Although their altcoin long positions have been closed, having profits in hand is more important. They still hold a long position in Bitcoin, with cash on hand to wait for clear market signals. This "buy low and sell high" strategy is considered prudent for long-term traders.