LiquidityWitch

Ethereum has recently received multiple positive news. Validator withdrawal queues have been cleared, daily trading volume has hit new highs, but transaction fees remain low. Vitalik Buterin proposed integrating distributed validator technology into the staking system to enhance network resilience. Ecosystem projects are experimenting with financial service models, but face regulatory challenges, and important legislation has encountered setbacks due to opposition from exchanges.

【Crypto World】The precious metals market experienced a correction today. Spot gold sharply declined in the short term, with a drop of over $30, currently hovering around $4822.95 per ounce; spot silver also came under pressure, falling below $93 per ounce, with a daily decline of 1.65%. Market sentiment is weak, and many investors are beginning to adjust their precious metals positions. This correction may be related to the strengthening of the US dollar or a decrease in geopolitical risk appetite, and it is also worth paying attention to the correlated performance of related commodities and risk assets.

Global financial markets experienced intense volatility on Tuesday, mainly driven by structural adjustments in the technology and AI sectors rather than panic selling. The bond market was heavily impacted by Deutsche Bank's bearish report. Japanese Prime Minister proposed to abolish the food consumption tax, which caused fluctuations in Japanese bonds, but the market quickly stabilized. In the United States, Trump's statements and the intervention of the Treasury Department eased market tensions, reflecting active policy responses from various countries to market changes.

【BlockBeats】Recently, there has been some significant news. During the World Economic Forum in Davos, Trump made a statement that Congress is actively pushing forward the regulation of the cryptocurrency market structure. He also emphasized that cryptocurrencies are very popular in political circles and expressed hope that the relevant bills can be signed into law soon. This indicates that the United States' policy stance on cryptocurrencies is accelerating in clarity, and the overall market regulatory framework may see new developments.

Celo officially announces the integration of the Celo Foundation and cLabs into Celo Core Co., aiming to accelerate the delivery of the CELO platform and adapt to Web3 competition. Details of the CELO tokenomics upgrade, including buyback and burn mechanisms, will be announced in the future. The market should pay attention to the specific implementation plan.

The two major Nordic pension funds, Alecta and Akademiker Pension, recently reduced their holdings of U.S. Treasuries, reflecting a reassessment of the fiscal risks in the United States by global institutions. Alecta sold most of its U.S. Treasuries, and Akademiker Pension also reduced its holdings by approximately $100 million, both due to concerns about the sustainability of the U.S. fiscal policy. This shift indicates a re-pricing by international capital of the U.S. macroeconomic fundamentals, which could impact capital allocation in the cryptocurrency market.

BlackRock transferred 635.16 BTC and 30,827.68 ETH to a major exchange, drawing market attention. Analysts believe this could be the beginning of their deposit plan, indicating that institutional investors' movements may influence market sentiment and trading strategies.

【Crypto World】Strike's leader Jack Mallers was firm in a CNBC TV interview: the company is actively increasing its Bitcoin holdings, and this effort will continue — in his words, "buy as much as possible." Currently, their Bitcoin reserve has reached 40,000 coins, and they are continuously adding to it. This is not just talk, but real financial action. Such a clear signal of increased holdings from major institutions itself reflects recognition of Bitcoin's long-term value.

A whale address named "20 Million Wave Hunter" reduced its short position by 78.14 PAXG on January 21, equivalent to approximately $373,000, resulting in a total floating loss of $151,000. This trader is known for high-frequency swing trading, and although this operation was not successful, they have achieved nearly $100 million in profits since last year.

【Blockchain Rhythm】On January 21st, before the US stock market opens, cryptocurrency concept stocks showed mixed performance. Among them, CRCL led the gains with an increase of 1.11%; HOOD, COIN, and MSTR rose slightly by 0.30%, 0.25%, and 0.26% respectively. Meanwhile, BMNR declined against the trend by 0.50%. SBET remained unchanged, closing at 0.00%. Overall, pre-market cryptocurrency-related listed companies experienced mixed gains and losses, with CRCL performing the strongest and BMNR under pressure. Investors should pay attention to subsequent intraday trend changes.

【Crypto World】On January 21, 2026, a major mainstream exchange is about to launch three popular projects: SKR, GWEI, and AIA. In the current market rotation accelerating, this listing action precisely targets a new narrative node—several of these projects are representatives of the currently关注的赛道 (hot tracks). For traders looking to bottom out in a new round of market行情, this could be a good布局机会 (layout opportunity). It is still very necessary to提前了解 (understand in advance) the project's fundamentals and risk points.

Ethereum spot ETF experienced a massive outflow of funds yesterday, with a total net outflow of $238.55 million. The main outflows came from institutions such as BlackRock and Fidelity, indicating a cautious attitude in the market regarding Ethereum's short-term trend.

Ethereum spot ETFs have recently experienced fund withdrawals, with a net outflow of $230 million on January 20th, Eastern Time. Although some products, such as BlackRock's ETHA, saw a single-day outflow of $92.3 million, their long-term capital-raising ability remains unaffected. The overall market size remains large, and institutional interest in Ethereum's mid- to long-term deployment remains stable.

Bitcoin's price is currently at a critical level. A break above $97,000 will trigger a liquidation pressure of 1.489 billion in short positions, potentially sparking a liquidity wave; while a drop below $87,000 will expose long positions to a liquidation risk of 806 million. Liquidation intensity reflects the relative importance of the price range and will influence market reactions.

Recently, the crypto community discussed a governance incident where a project's proposal was rejected by majority opposition, but the voting result was reversed after team efforts. Data reveals that most voting wallets belong to team members, indicating an imbalance of power. The project's token economic model prevents ordinary token holders from sharing protocol revenues, effectively diluting the rights of long-term holders. This incident highlights potential issues with on-chain voting.

GWEI Airdrop Checker is officially online, and claims will start on January 21. The total supply of GWEI is 10 billion tokens, released linearly. The airdropped GWEI will enter a 30-day staking period, and users can choose the lock-up duration to participate in governance.

【ChainWen】Spot gold broke through the $4790/oz mark today, with a daily increase of 0.57%. As a safe-haven asset, gold's price fluctuations often reflect market expectations of macroeconomic conditions. Behind this rally, it is worth paying attention to changes in global economic data and geopolitical situations. For investors holding crypto assets, the performance of commodities prices is also an important reference for asset allocation.

The U.S. Commodity Futures Trading Commission has revealed that Congress will advance the Digital Asset Market Transparency Act, aimed at establishing a regulatory framework for digital assets, protecting market order and investor rights, while supporting innovation and promoting the healthy development of the crypto market. Such policy signals will influence market expectations and, in the long run, help enhance market maturity.

The Massachusetts High Court in the United States has ruled to prohibit the prediction market platform Kalshi from operating sports event prediction contracts without a license, stating that obtaining a business license aligns with the public interest. The state attorney general has sued Kalshi since last year for violating local gambling regulations, reflecting the regulatory pressure and compliance challenges faced by prediction markets.

The Dogecoin Foundation is collaborating with Brag House Holdings to develop an app called "Such," scheduled to launch in the first half of 2026. The goal is to transform DOGE into a consumer tool, offering self-custody wallets and merchant tools to promote DOGE's use in everyday payments.