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ZEC $260.31 -8.86%
BTC $63,167.46 -4.85%
ETH $1,824.21 -4.96%
BNB $588.24 -3.28%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $484.08 -11.07%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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Wintermute: The level that ETH truly needs to focus on is around $1600, and institutional demand has not yet returned

Wintermute released a market report on social media indicating that since the series of liquidations two weeks ago, BTC has attempted to break through the $70,000 mark multiple times without success. The lack of a decent rebound attempt is more compelling than the oscillating range itself. Price movements are choppy, liquidity is thin, and the range is narrowing with a lack of directional conviction.ETH fell below $1,900 this week, a level that is psychologically more significant than technically, with the level that ETH really needs to focus on being around $1,600. Although the price has stabilized, institutional demand does not seem to have returned, as we clearly observed in the previous price range of $85,000 to $95,000.The derivatives market reflects a lack of directional views and trading willingness, with the basis at multi-month lows, bearish option skew remaining high and continuing to rise, and open interest declining since October. On the trading desk, the capital flow is skewed towards selling activities.However, an interesting signal emerged mid-week, as high-net-worth investors briefly showed buying interest in some altcoins, which is a small but noteworthy spark of confidence in an overall defensive environment, though it quickly dissipated. As we entered the latter half of the week, the market fell back into oscillation, with any willingness to enter fading, indicating that the market is not yet ready to reward early positioning. Marginal activity remains driven by protection rather than conviction.

Based on the robot self-charging technology jointly developed by OpenMind and Circle, the FABRIC Foundation will further promote the large-scale deployment of the machine economy and intelligent agents from two main directions

OpenMind and Circle have officially announced a strategic partnership to jointly launch the world's first payment infrastructure specifically designed for autonomous intelligent agents and real-world embodied AI. By deeply integrating Circle's USDC stablecoin with OpenMind's x402 protocol module, this collaboration enables robots and AI entities to achieve direct and autonomous payments for energy, services, and data in the physical world.Based on the collaboration between OpenMind and Circle, the FABRIC Foundation will accelerate the implementation and large-scale deployment from two main directions: Robot Birthplace and Acceleration of Adoption.The payment infrastructure provided by OpenMind + Circle offers machines an "economic brain," while the FABRIC Foundation is responsible for the entire closed-loop chain of "birth, production, operation, and evolution." The synergy among these three will jointly give rise to a true machine economy era—where robots are no longer mere tools, but independent economic entities with autonomous perception, decision-making, action, and payment capabilities. In the coming months, more real-world deployment cases (such as automatic charging stations) are worth continuous attention.

Gate's spot market share remains in the top three globally, and its derivatives rank fourth in the industry

According to the latest exchange evaluation report released by CoinDesk, Gate ranked third in the global centralized exchange spot market share in January this year, and fourth in the derivatives market share. Data shows that Gate's spot trading volume reached $74.4 billion that month, with a month-on-month growth of 11.1%. Among AA--A rated exchanges, Gate ranks in the top three by spot trading volume, accounting for approximately 50.2% of the total trading volume when combined with leading platforms.In terms of derivatives, Gate's trading volume market share is 11.2%. The platform ranks among the top three retail exchanges in terms of open contract size, with a share of 10.1%, demonstrating its sustained activity and capital capacity in the market.Additionally, Gate's cumulative TradFi trading volume has surpassed $70 billion, with a single-day peak exceeding $10 billion. The platform has officially ended its public testing phase and launched a web version, achieving full coverage across multiple terminals. Users can trade global contracts for difference (covering foreign exchange, stocks, and precious metals) using USDT as margin under a unified account system, and access the MT5 execution system for unified margin management across asset classes.At the same time, Gate has officially launched GateAI and introduced natural language trading features, supporting the completion of spot and wealth management order operations through conversational commands, further streamlining the AI analysis and multi-terminal trading execution process.

Analyst: Leverage liquidation dominates this round of decline, with $60,000 being a key support area for Bitcoin

Presto Research Associate Researcher Min Jung stated that Bitcoin's drop below $63,000 seems to reflect a broad deterioration in cryptocurrency market sentiment rather than a single fundamental catalyst. In the short term, macro headlines, particularly those surrounding tariffs and resurfacing geopolitical uncertainties, are exacerbating the risk-off sentiment towards digital assets.Jung added, "It is noteworthy that even as traditional risk assets remain relatively resilient, cryptocurrencies have performed poorly recently. This divergence suggests that the sell-off is not purely driven by macro factors, but also reflects weak marginal demand, thinning liquidity conditions, and ongoing deleveraging within the crypto-native market."Bitrue Research Director Andri Fauzan Adziima stated, "We have seen massive long liquidations, with hundreds of millions evaporating, funding rates remaining negative, a sharp decline in open interest, and the futures market clearly leaning bearish. Short-term holders are suffering significant losses, but long-term holders have not yet begun large-scale selling; on-chain HODL signals indicate that some are quietly accumulating during this strategic de-risking process."Adziima pointed out that the $60,000-$63,000 range is a key support area for Bitcoin. If the price can hold steady at or above this level, the market may benefit from the damage caused to shorts by negative funding rates, creating conditions for a classic "squeeze after a washout." The analyst added that potential easing of macroeconomic conditions or a return of ETF funds could further support this trend.Adziima stated that, on the other hand, if it falls below $60,000, in the worst-case scenario, an accelerated chain liquidation due to worsening macro conditions could open the door to a drop towards the mid-$55,000s or even as low as $47,000. Adziima remarked, "At that point, we might ultimately force some long-term holders to capitulate, turning this into a deeper bear market extension before the true cycle bottom arrives."
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