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Renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated that the Bitcoin market may not have reached its true bottom yet, and "the real bottom may not appear until October 2026." He previously predicted that Bitcoin could drop to the $60,000 range in the third quarter of 2026.Brandt believes that prices may oscillate upward in the short term, but could still fall back to the $50,000 high range within the year. Meanwhile, Arthur Hayes pointed out that Ethereum prices may continue to consolidate in the current range until dollar liquidity improves. As of the time of writing, Ethereum is priced at about $1,941, with a decline of over 40% in the past 30 days. However, Michaël van de Poppe, founder of MN Trading Capital, believes that Ethereum is currently in an attractive accumulation zone and emphasized that stablecoin trading volume has increased by about 200% over the past 18 months.In terms of market predictions, Polymarket data shows that there is a 41% probability that Bitcoin will fall below $60,000 by the end of February, while the probability of returning to $75,000 is 29%. Within 2026, the probability of Bitcoin returning to $120,000 is 23%, and the probability of breaking $150,000 is only 10%. For Ethereum, the market expects a 76% probability of it reaching $1,500 in 2026, and a 23% probability of dropping to $1,600.

According to Arkham data, at 06:25, 671.41 BTC (worth approximately 44.18 million USD) was transferred from an anonymous address (starting with 14RzbSa...) to multiple addresses. Subsequently, a portion of the BTC was transferred to Roobet.

According to BitcoinTreasuries.NET (@BTCtreasuries), asset management company Robeco Institutional Asset Management, with a managed scale of $293 billion, reported holding 112,874 shares of Strategy ($MSTR), valued at approximately $15.35 million.

According to Coin Bureau, since November 11, the total network hash rate of BTC has decreased by about 12%, marking the largest drop since October 2021.

The price of Bitcoin briefly fell below the Strategy holding cost of approximately $76,037, marking the first time since October 2023 that Bitcoin has dropped below this key cost level.

Coinkarma founder Benson Sun stated that Binance is indeed responsible for the crash on 1011, but the core issue does not lie with USDe, as the timeline does not match. The lowest point of the market crash was at 5:20, while USDe reached its lowest point of $0.65 at 5:54. The extreme de-pegging occurred 30 minutes after the market began to rebound, indicating that the extreme de-pegging of USDe was a secondary disaster rather than the trigger for the crash.Benson indicated that based on an analysis of extreme market conditions over the past six years, the price difference between Binance and other trading platforms during each extreme event has typically been within 5%. However, on the day of 1011, more than half of the cryptocurrencies had the lowest prices on Binance, with many deviations exceeding 50% or even 100%. Such a scale of price misalignment has not been seen in any previous black swan events. Additionally, at that time, the price of the same cryptocurrency in the USDT trading pair was significantly lower than that in the USD trading pair. This suggests that there was likely a problem with Binance's system at that time.If the point of failure was elsewhere, the most liquid Binance should not have the lowest prices. Furthermore, the withdrawal of liquidity by market makers is not the main cause. The public opinion expressed by OKX Star has sparked discussion, which is a good thing, but the focus may have been misplaced.

Dragonfly managing partner Haseeb Qureshi recently published a post regarding the viewpoint that "the market crash on 10/11 was triggered by Binance and Ethena." He stated that this narrative is difficult to establish in terms of timeline, market dissemination path, and evidence. He pointed out that the price of Bitcoin had already bottomed out about 30 minutes before the anomaly in USDe appeared on Binance, indicating that the causal relationship is clearly inverted. Additionally, the deviation in USDe price only occurred on Binance and did not spread to other trading platforms, which cannot explain the large-scale liquidation across the entire market and is fundamentally different from events like Terra that caused global balance sheet shocks.Haseeb believes that a more reasonable explanation is the combination of multiple factors: Trump's tariff comments disturbed the market on Friday evening, the Binance API anomaly prevented market makers from hedging across platforms, liquidation and the ADL mechanism amplified volatility, and the lack of traditional financial-style circuit breakers and self-stabilizing mechanisms in the crypto market ultimately caused the market to evolve along an unfavorable path. He emphasized that there is no simple and conspiratorial "single culprit" for 10/11; although the market suffered a heavy blow, it has not been permanently damaged in the long run and only needs time to restore liquidity and confidence.

OKX CEO Star posted on the X platform, stating, "The events of October 10 were caused by irresponsible marketing activities from certain companies. Hundreds of billions of dollars were liquidated. Many industry participants believe that the damage is more severe than the FTX collapse. The root cause is not difficult to identify.What actually happenedBinance launched a temporary user yield program, offering a 12% annualized yield on USDe, while allowing USDe to be used as collateral, enjoying the same treatment as USDT and USDC, with no effective restrictions.Binance users were encouraged to convert USDT and USDC into USDe for substantial returns, but there was insufficient emphasis on the potential risks. From the user's perspective, trading with USDe was no different from using traditional stablecoins—yet the actual risk situation was significantly higher.As users took the following actions, the risks escalated further: • Converting USDT/USDC to USDe • Using USDe as collateral to borrow USDT • Converting the borrowed USDT back to USDe • And repeating this cycleThis leverage cycle generated artificial annualized yields of 24%, 36%, or even 70%+, simply because they were widely regarded as "low risk" due to being offered by major platforms. Systemic risk rapidly accumulated in the global crypto market.At that time, even a small market shock was enough to trigger a collapse. When volatility hit, USDe quickly decoupled. This was followed by a chain of liquidations, and the risk management weaknesses surrounding assets like WETH and BNSOL further amplified the crash. Some tokens traded close to zero prices at one point. Global users and companies (including OKX clients) suffered significant losses, and recovery will take time."

The founder of Equation News, vida, posted that he has bottomed out on silver. "The reason is that silver is currently playing out a script similar to the 10.11 incident, and I want to see if I've picked up some bloody chips," vida added that he is not familiar with the precious metals market.ChainCatcher reminds: The precious metals market has been highly volatile in the past few hours, so please be aware of the risks.

Renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a chart analysis this morning indicating that the ETH price chart has formed a symmetrical triangle pattern. Meanwhile, the total market capitalization of cryptocurrencies shows a right-angle expansion pattern. Bulls need to prove a breakout to dominate the market, while historically, such patterns often signal further volatility or decline, emphasizing the advantage of bears.Peter Brandt also predicts, "Bitcoin will bottom out and rebound between August and October, then soar all the way. At least that's how it looks now."

According to CoinDesk, the Bitcoin network's hash rate has dropped about 15% from its peak in October, and miner capitulation has persisted for nearly 60 days.The network's average hash rate has decreased from about 1.1 ZH/s in October to approximately 977 EH/s, indicating that miners are shutting down machines or capitulating as profitability declines. Additionally, Glassnode's Hash Ribbon indicator reversed on November 29, which reflects miner capitulation by tracking short-term and long-term hash rate trends. Currently, the short-term supply pressure in the Bitcoin market may further increase, and analysts expect that Bitcoin mining difficulty will likely experience its seventh downward adjustment on January 22, dropping to around 139 T.

According to Arkham data, at 10:33, 468.48 BTC (worth approximately 44.69 million USD) was transferred from an anonymous address (starting with 1AiR7...) to multiple anonymous addresses. Subsequently, a portion of the BTC was transferred to Roobet.

According to Jinshi reports, Federal Reserve official Barkin stated that the CPI data is encouraging, but housing inflation is still affected by the missing data from October.

According to BitcoinMagazine, renowned singer Teyana Taylor wore a jacket featuring the name of Bitcoin's anonymous founder Satoshi Nakamoto after winning the Best Supporting Actress at the 2026 Golden Globe Awards.

Golden Globes Official Announcement"Golden Globe Awards season meets Polymarket's prediction season."

On January 12, the A-shares continued to soar, rising significantly. By the time of publication, the trading volume of A-shares exceeded the 3.47 trillion yuan set on October 8, 2024, becoming a new record for single-day trading volume in A-shares.According to Wind statistics, the trading volume of A-shares has surpassed 3 trillion yuan a total of 6 times, specifically on October 8, 2024, August 25, August 27, August 28, and September 18, 2025, and January 9, 2026.It is worth noting that since mid-December 2025, A-shares have been on a continuous upward trend, with the Shanghai Composite Index having recorded 16 consecutive days of gains. By the close on January 12, a 17th consecutive gain seems almost certain. The driving force behind the rise in A-shares on January 12 comes from the explosive growth of AI application themes and the ongoing fermentation of commercial aerospace concept stocks.

OneBullEx officially launches the OBE points 1:1 exchange for USDT today. As the first open day of the platform's points value redemption mechanism, this event has garnered attention from community users since its launch. Several eligible users completed the exchange after the redemption window opened, and the related USDT rewards have been gradually distributed to user accounts.According to official information from OneBullEx, the platform has opened a total of 10 batches for the points redemption period today, with a total of 100,000 USDT to be distributed in this event. The redemption will be conducted in batches, and users must complete the operation within the designated time window.The official also stated that in addition to the fixed redemption window on the 11th of each month, there will be additional redemption opportunities opened irregularly in the future, with the relevant schedule to be announced in advance through official media platforms and community channels. OneBullEx hopes to enhance the predictability and transparency of the platform's points system through the points redemption mechanism and strengthen the interaction between users, the platform, and the community.Currently, some redemption windows are still open. Users holding OBE points and meeting the criteria can follow the guidelines released by the official to participate in the redemption on the OneBullEx official website.In addition, the 11th of each month will be designated as OneBullEx's fixed membership day. Besides the regular OBE points 1:1 exchange for USDT, the official stated that more exclusive member rights and event arrangements will be continuously introduced in the future, with specific details to be announced through official channels, and users are encouraged to stay tuned.

BitMEX released a report on Thursday stating that the crypto market crash in October last year marked the end of the "easy profit" era in the crypto market. After the crash on October 11, which wiped out $20 billion, market makers fully withdrew liquidity in the fourth quarter, causing the order book depth to drop to its lowest level since 2022. The arbitrage strategies between the spot and futures markets became "overcrowded," with funding rates falling to 4%, and returns now lower than U.S. Treasury bonds.The report noted that trading volume is "aggressively shifting" to high-performance on-chain perpetual contract platforms like Hyperliquid.

According to Theblock, SoSoValue data shows that the spot Bitcoin ETF had a total net inflow of $697.25 million on Monday. Following a net inflow of $471.14 million last Friday, the cumulative net inflow for the two days in 2026 has exceeded $1.16 billion.On January 5, 9 out of 12 Bitcoin ETFs recorded inflows, with BlackRock's IBIT leading the way with an inflow of $372.47 million. Fidelity's FBTC followed closely, receiving an inflow of $191.2 million.At the same time, the spot Ethereum ETF also recorded a net inflow of $168.13 million. Analysts state that the significant inflow of funds into ETFs indicates a recovery in market risk appetite and confidence in regulated cryptocurrency investments.

The Crypto Fear and Greed Index rose to 40 on Sunday, shifting to a "neutral" state for the first time since October 2025, indicating an improvement in investor sentiment. The index had previously hit an extreme fear low of 10 in November last year. The sharp decline in investor sentiment was triggered by the historic market crash in October, where BTC fell from its all-time high of $125,000 to $80,000, a drop of 35%; altcoin market capitalization plummeted by 33% in a single day.Although sentiment has recovered from the extreme fear at the end of 2025, geopolitical tensions and insufficient retail interest may pose resistance in 2026.