2026-01-21 03:20:56

Recently, after the restart of the US stock market, the trend in crypto allocations has become quite interesting. Shifting from financial firms to tech companies—this is worth paying attention to.

Block has made significant moves—launching an upgraded Bitcoin buyback program, directly doubling the profit repurchase ratio to 20%, and immediately purchasing 820 Bitcoins to further deepen its financial ecosystem loop. This approach is becoming increasingly common at the corporate level.

Even more interesting is that Rumble has also started building a position. This content platform spent $15.3 million to buy 165 Bitcoins. Their reasoning is straightforward—they value Bitcoin’s censorship resistance, which aligns perfectly with the platform’s core values.

Hut 8’s changes are also quite noticeable. Previously relying solely on mining output, they are now using cash flow from HPC business to buy in the secondary market, purchasing 50 Bitcoins in this round. The entire market allocation has shifted from just financial reserves to a new phase of business synergy.

On the other hand, the story isn’t as optimistic. Starting from the 19th, a major exchange’s main force began to sell off heavily, with an average price around $94,209, offloading $35.41 million. At that time, a large trader on that exchange tried to scoop up the dip (buying $23.53 million), but couldn’t stop the decline, and Bitcoin hit $91,910 that day.

On the 20th, the selling momentum was passed to other platform’s large traders, with two exchanges selling $25.87 million and $34.39 million respectively, pushing Bitcoin close to $90,000. Before the Asian trading session this morning, the situation continued—another major exchange’s main force executed four large orders, totaling $25.29 million, with the largest single order nearly $9.8 million.

Interestingly, the latest data shows that large traders on a certain exchange have started to bottom fish. Bitcoin has now regained above $89,000. Against the backdrop of external risks like the US imposing tariffs on Europe, this decline was driven by the US market’s main players initiating a cross-market short squeeze, with other platform’s large traders joining in.

BTC-2,3%

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GasFeeCrying

· 9h ago

Damn, Block directly doubles the repurchase ratio. Is this really a sign of confidence or just a marketing story? The reason I hear for buying tokens on Rumble is quite heartbreaking—resisting censorship, no doubt... I see through the big players' strategy of selling off in this wave; they're just testing the bottom, a typical cross-exchange coordinated dump. The folks in the US market really know how to play. 89000 has risen again, it feels like a new round of tug-of-war is about to begin. Who the hell can predict this... The exchange's main tactics are becoming more and more blatant; retail investors can just be chopped up like leeks. Hut 8's approach is still clever—using cash flow to buy up, which indeed offers more imagination space compared to pure buybacks. I don't understand the big players who are taking the plunge during this dip—still daring to bottom fish at this time? From financial reserves to business linkage, it looks like evolution, but in reality, it's still not for market stabilization...

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DefiOldTrickster

· 9h ago

Haha, that's what I mean—the era of corporate bottom-fishing, the era of retail investors being shaken out. The setup with Block and Rumble is indeed interesting, but what you can't see is what the short sellers are playing behind the scenes.

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LightningClicker

· 9h ago

Companies are really aggressive with bottom fishing, does Block directly double the buyback ratio? Now that's respect for BTC. Rumble spent $15.3 million to fight censorship, the logic is straightforward—buying faith. But this round of dumping is indeed fierce, hitting three days in a row, the main force in the US market is serious. Wait, are the big players now starting to bottom fish? Has it risen above 89,000 again? Feels like a rally is coming? Learning the buyback strategy of Block, corporate allocation of Bitcoin will only become more common in the future.

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MetaReckt

· 9h ago

Oh my God, Block and Rumble's moves are really brilliant, clearly bullish on BTC --- Once again, the main force in the US market is dumping, these guys are truly relentless --- Hut 8 is shifting from mining to secondary market buying, their approach is getting more and more aggressive --- Is the 89,000 resistance level going to be fiercely defended again? It feels like there might be another dip --- The bottom-fishing investors are starting to enter, is this really a bottom signal? --- Rumble's $15.3 million just to resist censorship? Bro, I find this logic a bit convincing --- Cross-market bears working together are truly fierce, retail investors will have to accept the losses again --- Block doubling its buyback to 20% ratio, now that's genuine confidence

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MEVSandwich

· 10h ago

Oh no, Block's move is really aggressive, doubling to 20% and directly sweeping 820 accounts. Who is more aggressive than whom among other companies? I find the reason for Rumble a bit hard to believe. The anti-censorship attribute is indeed real, but spending $15.3 million also seems to be looking at the trend. Shorts are really aggressive in the US market, which is a bit annoying. The 89,000 level rebounded again, and it seems we still need to watch the attitude of Europe and America. This round of cross-market joint shorting is too imaginative, but those who are bottom-fishing will ultimately see a rebound. To be honest, Block's recent actions are a bit frightening, it feels like everyone is betting on the same thing.

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CryptoSourGrape

· 10h ago

If I had known that Block would be so crazy about adding positions, I definitely shouldn't have listened to those "steady investment" nonsense... --- Rumble spent 15.3 million to fight censorship, and I missed out for "safety reasons"... How ironic. --- Watching Hut 8 sweep up with cash flow, and then looking at the little U in my account... I'm really terrible. --- Selling at an average price of 94,209? How come these people always have such perfect timing? I always go the opposite way. --- If I also had that much cash to buy the dip at 90,000, I wouldn't be feeling so bad now... --- The most incredible thing is that big players can relay across markets. I haven't even figured out the rhythm of a single exchange. --- One major player on a certain exchange placed a 9.8 million single order overnight. I wonder how the gap is so big. --- Reclaiming 89,000? I already cut my losses at 85,000. That's what I call perfectly missing out.

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