recovery

According to Coinglass data, the cumulative net outflow from CEX in the past 24 hours is 2,382.67 BTC. The top three CEX by outflow are as follows:Binance, outflow of 754.04 BTC;Gemini, outflow of 633.9 BTC;Kraken, outflow of 505.86 BTC.In addition, Coinbase Pro saw an inflow of 66.18 BTC, ranking first in inflows.

According to Bleepingcomputer, Trezor and Ledger users have fallen victim to physical letter scams, where fraudsters impersonate official organizations to lure users into scanning QR codes that lead to phishing websites, and deceive them into providing their recovery phrases under the pretext of "identity verification checks" and "transaction checks," thereby facilitating the theft of cryptocurrency assets.

According to Coinglass data, the cumulative net inflow of CEX in the past 24 hours is 169,800 ETH, with the top three CEX by inflow as follows:Coinbase Pro, inflow of 67,700 ETH;Binance, inflow of 58,100 ETH;Kraken, inflow of 23,000 ETH.In addition, KuCoin had an outflow of 2,197.15 ETH, ranking first in outflows.

According to CoinDesk, Steve Kurz, the Global Head of Asset Management and Co-Head of Digital Assets at Galaxy Digital, believes that the recent decline in cryptocurrencies is due to liquidity and leverage release rather than systemic failure. This indicates that the cryptocurrency cycle is more mature than in 2022, and most forced selling may have already been absorbed by the market.The development of stablecoins, tokenization, and the integration of blockchain with traditional finance is accelerating, making cryptocurrencies both a financial asset and a core part of the financial system. Steve Kurz expects that cryptocurrencies will not experience a V-shaped recovery but will go through a period of range-bound fluctuations. Subsequently, with the injection of institutional capital and the ongoing "great integration" of cryptocurrencies with traditional finance, cryptocurrency prices will gradually rise.

Chairman of Bitmine, Tom Lee, stated that Ethereum may experience a new round of V-shaped rebound after a recent decline, and it is currently close to the bottom range. He pointed out that since 2018, Ethereum has gone through 8 cycles of declines exceeding 50%, and all 8 have rebounded at a similar pace and achieved a 100% recovery.Despite the pressure on price performance, on-chain data shows that the demand for ETH staking remains strong. Currently, the waiting time for validators has risen to a historical high of 71 days, with approximately 4 million ETH queued for staking, and the total staking accounts for 30.3% of the circulating supply (about 36.7 million ETH).

According to CoinDesk, JPMorgan analysts are optimistic about the cryptocurrency market in their latest report, despite the significant market correction. The analysts believe that the inflow of institutional investor funds and regulatory clarity will support the next rally in the digital asset market.The report points out that the production cost of Bitcoin has decreased to around $77,000, although the current trading price is about $66,300, which is below this level. However, the bank believes that this dynamic will eventually self-correct.At the same time, Bitcoin's appeal relative to gold has increased, as gold has recently outperformed Bitcoin, but its volatility has significantly increased. JPMorgan expects that further U.S. crypto legislation (such as the Clarity Act) will provide the necessary clarity for institutional participation, thereby driving market recovery.

glassnode's weekly market report indicates that the price of Bitcoin rebounded from $60,000 to $69,000. However, while spot trading volume has increased, it remains at a low level, showing that selling pressure has eased but buyer participation is cautious. This reflects a market that is frequently changing hands after a downward revaluation, rather than decisively accumulating.Over-the-counter indicators show that futures and options positions are defensively strong, with ETF trading volume surging to a high of $45.5 billion, yet accompanied by a slowdown in capital outflows, resulting in overall low risk appetite. On-chain fundamental activity has strengthened, but capital inflows are negative and unrealized losses dominate supply. Overall, the market's sustained recovery may depend on the restoration of spot demand, which would stabilize prices above recent lows.

glassnode published a weekly report stating that Bitcoin continues to consolidate near structurally important price levels on-chain, with a delicate balance between holder confidence and marginal demand. The condition of short-term holders remains weak, with the lower bound of the current compression range (-1 standard deviation) at $83,400. This level is a key support in the recent period, and if it is breached, it could lead to a further price pullback towards the real market mean around $80,700. However, the overall capital flow pattern has stabilized.The selling pressure from ETFs has eased, and there are initial signs of improvement in spot market positions, especially in offshore markets, indicating that buyer interest is beginning to rebuild. Meanwhile, the derivatives market remains restrained, with neutral funding suggesting low market leverage and prices being less influenced by speculative momentum. Adjustments in options positions have reinforced this cautious attitude. The skew has turned bearish, short-term protection pricing has increased, and dealer gamma has fallen below zero, which raises the likelihood of sharp price fluctuations during periods of market volatility.Moving forward, the key to market trends lies in whether the demand from the spot and ETF channels can be sustained. Continued positive capital inflows and stronger spot buying will support the continuation of the trend, while ongoing weakness and rising downside hedging demand will make the market susceptible to further consolidation or deeper pullbacks.

According to Jin Shi reports, "Fed's mouthpiece" Nick Timiraos stated that Federal Reserve officials expect to keep interest rates unchanged for the first time, following three consecutive rate cuts since last September.The conditions for the Fed to initiate rate cuts again depend on a collapse in the labor market or inflation significantly retreating to the target level of 2%. Despite facing political pressure, most officials believe that rate cuts may still be possible later this year, but there is disagreement on when the data will support such cuts.

This week, the High Court of England held a hearing in Manchester regarding the civil recovery case of Qian Zhimin's Bitcoin. However, this was a typical procedural hearing and did not make any rulings on asset ownership, compensation schemes, or substantive legal issues. The core issue of the hearing was who would represent the large number of Chinese victims. Judge Turner expressed concerns about the current situation multiple times, as more and more law firms are representing different groups of Chinese victims and making claims under Section 281 of the POCA. The High Court is facing the real risk of "agent proliferation." Additionally, Judge Turner also mentioned another judicial process being concurrently advanced by the High Court, concerning the UK bankruptcy liquidation process of Blue Sky Grey. It is reported that a subsequent hearing is scheduled for February 16-17, during which further arrangements or guidance may be provided regarding the specific impact of the bankruptcy liquidation process on the civil recovery case.

According to market news, in the past 24 hours, CEX has accumulated a net inflow of 15,600 ETH, with the top three CEX by inflow as follows:Binance, inflow of 9,262.76 ETH;Coinbase Pro, inflow of 4,557.64 ETH;Bithumb, inflow of 4,289.52 ETH.In addition, Gemini had an outflow of 8,521.05 ETH, ranking first in outflows.

The official X post from the previously stolen DeFi execution engine Makina stated that on January 22 at 21:15, the MEV Builder returned the funds according to the SEAL white hat safe harbor, deducting a 10% bounty, amounting to approximately 920 ETH (out of a total of 1023 ETH received), which accounts for about 1299 ETH of the total stolen.The funds have been transferred to the recovered multi-signature 0xc22F...8AB9, and the team is continuing to pursue the remaining funds and seeking to contact the RocketPool validator address 0x573D...910E that received approximately 276 ETH.

According to Coinglass data, the net inflow to CEX in the past 24 hours was 549.06 BTC, with the top three CEX by inflow as follows:Binance net inflow of 875.81 BTC;Kraken net inflow of 292.74 BTC;Gate net inflow of 206.53 BTC.In addition, OKX had a net outflow of 481.42 BTC, ranking first in outflows.

According to the latest crypto weekly report released by Gate Ventures, the overall crypto market saw a slight recovery over the past week, with BTC and ETH rising by 3.04% and 5.29% respectively, pushing the total market capitalization of crypto assets up by 2.24% during the week. ETF inflows remain an important support factor for the market, with BTC and ETH ETFs recording net inflows of approximately $1.42 billion and $479 million respectively.Market sentiment has improved, rising from 27 to 44, but it is still in the "fear" zone. The overall gains are mainly concentrated in mainstream assets, and the market structure remains fragmented. On-chain and industry-level activities continue to advance in areas such as payment infrastructure, staking participation, and venture capital. In the payment sector, WalletConnect Pay has partnered with Ingenico to enable stablecoin payments at global offline sales terminals; Polygon has acquired Coinme and Sequence to build a compliant integrated on-chain payment system, further expanding the application of crypto assets in real-world scenarios.At the network level, the length of the Ethereum validator queue has reached a new high since 2023 due to a surge in BitMine staking activities, reflecting a rebound in staking demand and increased network participation. In terms of investment and financing, a total of 14 transactions were completed last week, with a disclosed total financing amount of approximately $289 million, an increase of about 5% compared to the previous week. The funds are mainly concentrated in infrastructure and DeFi-related areas, indicating that despite the cautious market sentiment, capital allocation remains structurally active.

According to Coinglass data, the cumulative net outflow from CEX in the past 24 hours is 1,037.83 BTC. The top three CEX by outflow are as follows:Binance, outflow of 915.96 BTC;Bybit, outflow of 499.46 BTC;Gate, outflow of 238.68 BTC.In addition, Kraken saw an inflow of 796.45 BTC, ranking first in inflows.

In 2025, the total amount of crypto venture capital reached $18.9 billion, an increase from $13.8 billion in 2024, but the number of transactions plummeted by 60% to about 1,200, with funding highly concentrated in later-stage projects. Digital Asset Trust (DAT) raised approximately $29 billion, attracting a large amount of institutional capital. Early-stage financing significantly slowed down, primarily due to a reduction in available VC funds, institutional investors' preference for AI projects, and regulatory clarity driving rapid expansion of mature companies.Multiple investors expect a moderate recovery in early-stage financing in 2026, but the barriers remain high, with investors focusing more on fundamentals rather than narratives. Regulatory clarity in the U.S. is seen as a key catalyst. Investment hotspots are concentrated in stablecoins and payments, institutional-grade infrastructure, prediction markets, RWA tokenization, and DeFi. There are divergences in the intersection of crypto and AI, with some believing that hype is ahead of actual applications.Token sales re-emerged in 2025 but did not replace traditional VC, with expectations of a hybrid financing model forming. Overall, market discipline will continue, and capital allocation will become more rational.

The South Korean cryptocurrency exchange Bithumb has discovered that over $200 million in customer assets are dormant among approximately 2.6 million accounts on the platform. This disclosure is part of the exchange's initiative to recover dormant assets for users who have not logged in or traded for over a year.Bithumb stated that the total balance of inactive accounts amounts to approximately 291.6 billion won (about $201.8 million), with some marked accounts having been dormant for over ten years. The largest single dormant position is valued at about $2.84 million, with the longest dormancy period reaching 4,380 days (nearly 12 years), and some inactive holdings have seen returns exceeding 61,000% (about 610 times). These figures point to participants who entered the crypto space during the early market boom but have since not returned.Bithumb plans to directly notify eligible customers and assist in account recovery, positioning this initiative as part of a broader customer protection effort, including helping users rediscover assets they may have forgotten.

UniSat official announced on the X platform that UniSat is currently experiencing an issue with the Runes index, causing internal ord instances to exit unexpectedly.As a result, the Runes index data will temporarily stop updating during the system recovery period, which is expected to take several hours.UniSat reminds users to avoid any asset operations related to Runes or UTXO consolidation during this period to mitigate potential data inconsistency risks. The team is actively working to resolve the issue.