Bitget Daily Briefing (January 26) | SIGN and JUP face large unlocks this week; $612 million in long positions liquidated in the cryptocurrency market; Spark lending whale sells 11,190 ETH

Today's Outlook

1. Japan may lift the ban on cryptocurrency ETFs by 2028, with SBI and Nomura advancing the development of related products.

2. This week, Microsoft, Apple, Tesla, and Meta will successively release their earnings reports, which will provide insights into the health of industries ranging from cloud computing and electronic devices to software and digital advertising.

3. Michael Saylor has released Bitcoin Tracker information again, and data on increased holdings may be disclosed this week.

4. Data: Tokens like SIGN and JUP will see significant unlocks this week.

Macro & Hot Topics

1. Analysis: The market expects the Federal Reserve to pause interest rate cuts this week; signals from Powell, whether dovish or hawkish, may affect Bitcoin's trend.

2. Spot silver has broken above $107 for the first time, with a cumulative increase of over $35 this month; spot gold has historically broken the $5,000 mark.

3. Placeholder partner: If the crypto market declines further, they will increase their holdings; below $50,000, the "BTC is dead" narrative may re-emerge.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a total liquidation of $676 million, with $612 million from long positions. The liquidation amount for BTC was approximately $194 million, and for ETH, it was about $217 million.

2. U.S. stocks: Dow -0.58%, Nasdaq +0.28%, S&P 500 +0.03%. Additionally, CRCL (Circle) -0.03%; MSTR (MicroStrategy) +1.32%, NVDA (NVIDIA) +1.53%.

3. The Bitget BTC/USDT liquidation map shows a clear liquidation gap near the current price level (≈87,600), with rapid accumulation of funds for short liquidations, indicating conditions for a potential short squeeze. The liquidation of long positions below is relatively dispersed and weak, suggesting that the downward movement resembles a slow pullback, while an upward breakout could lead to accelerated momentum.

4. In the past 24 hours, BTC saw an inflow of approximately $232 million and an outflow of about $190 million, resulting in a net inflow of $42 million.

News Updates

1. CoinDesk reports that U.S. cryptocurrency asset regulation is accelerating, and the proposed crypto market structure bill, if passed, will clarify federal regulatory authority over digital assets, making cryptocurrencies easier to manage, track, and trade, potentially attracting more investors and increasing token value.

2. Data: Stablecoin issuers are projected to achieve $5 billion in revenue on Ethereum by 2025.

3. The White House official Twitter account stated, "The U.S. is now the global crypto capital," and the CFTC will follow up with modernization of rules and regulations.

4. Colombia's second-largest pension fund manager, AFP Protección, plans to launch a Bitcoin exposure fund.

Project Progress

1. A "buy high, sell low" whale panic-sold 5,500 ETH in the past three days, worth $16.02 million.

2. WLFI transferred rewards from USD1 position activities to Binance, totaling $40 million worth of WLFI tokens.

3. Two whale/institution addresses are suspected of increasing their holdings by 61,000 ETH and 20,000 ETH, respectively.

4. a16z Crypto: Quantum threats are exaggerated; protocol governance and upgrade coordination are the biggest challenges for public chains.

5. The Pendle Finance team associated address deposited 1.8 million PENDLE into a CEX.

6. Report: Ethereum is experiencing "high throughput, low fees" simultaneously and may be transitioning to a modular settlement layer. Additionally, according to an agent of "1011 insider whales," Ethereum will become the global capital market settlement layer, with 2026 being the "year of RWA."

7. Yesterday, a whale transferred $11 million worth of PUMP to Binance, which would yield a profit of $3.15 million if sold.

8. A Spark lending whale sold 11,190 ETH, with the liquidation price dropping to $2,268.

9. The Coinbase Bitcoin premium index has been in negative territory for ten consecutive days, with only two days in positive territory this year.

10. Seven wallets associated with the same entity purchased $21.71 million in $XAUT.

Disclaimer: This report is generated by AI, with human involvement only for information verification and not as investment advice.