PriceOracleFairy

HYPE price drops to $21, triggering a series of liquidations of Hyperliquid long whales. Multiple accounts face significant losses, with the largest long account losing over $23.78 million. The risk remains unresolved. If HYPE further declines to $20.3-$20.6, it will trigger a new round of liquidations exceeding $23 million, putting related accounts under further pressure.

Hong Kong emphasized at the Davos Forum that digital assets can improve the efficiency of financial services and support the development of the real economy. Since 2023, licenses have been issued to 11 virtual asset exchanges, and in the future, stablecoin licenses will also be granted. Meanwhile, the Hong Kong government has issued approximately $2.1 billion in green bonds and launched a regulatory sandbox, demonstrating the collaborative development of finance and technology.

【Crypto World】Just now, an on-chain transaction was detected—someone made a move at the 25 BTC position, with each trade reaching 88,900 USDT. This single transaction involved over 22.2 million USD. Transactions of this magnitude often reflect the attitude of major market players; whether it's for selling or building positions, it's worth paying attention to how the market will develop next.

On January 21, an institution lent out 20 million USDT, purchased 6,656 ETH, and transferred them to Aave. The current ETH holdings amount to 651,310 ETH, approximately $19.1 billion. This move demonstrates their long-term strategic layout and has attracted significant attention in the complex market environment.

【Crypto World】Arkham's recent on-chain data release has attracted attention—the movement of Bitmine purchasing ETH was actually captured early by this data analytics platform. Interestingly, this transaction was already exposed five days before Tom Lee publicly announced it, thanks to Arkham's on-chain monitoring. This once again proves that in a transparent blockchain world, large transactions are hard to hide. Want to copy the work? Maybe it's better to just follow the on-chain data directly.

Lens Protocol enters a new phase with Mask Network taking over subsequent development. Kulechov aims to establish a neutral social foundation; despite accumulating 110,000 accounts, there is still a need to improve user experience. Mask Network will shift its focus to practical applications, striving to create a vibrant community ecosystem, which could signal a revival of SocialFi.

XRP recently broke through multi-year highs on the technical front, with a short-term target price of $3.50, a medium-term target of $5.00, and a key resistance at $8.70, with an ultimate goal of $10. Active buying by institutional investors indicates continued recognition of XRP, but caution is advised regarding the risk of falling below $1.30.

Pendle announces replacing vePENDLE with sPENDLE tokens, shortening the unlock period from several years to 14 days, enhancing flexibility to attract more users. The new mechanism allocates 80% of protocol revenue for buybacks, reduces emissions by 30%, and offers rewards to existing users, aligning with DeFi liquidity and composability trends.

Recently, Ripple's CEO liked discussions on social platforms about the future prospects of XRP's price, sparking heated debate within the community. Some see it as a positive signal. However, analysts point out that XRP faces challenges such as token supply and application scenarios, warning investors to be cautious about long-term risks. This discussion reflects the divergence between market optimism and rationality.

【Chain News】There is another major development on the Solana chain. Just around 20:27 and 20:28, the USDC Treasury conducted two consecutive minting operations on Solana, adding a total of 500 million USDC to the market. Such large-scale stablecoin minting activities often indicate potential changes in market liquidity and are on-chain signals that traders should pay close attention to. It is worth noting that these Treasury-level operations typically have a tangible impact on trading pairs and capital flows within the Solana ecosystem.

Bitcoin price fluctuations are closely related to the liquidation pressure in the derivatives market. If BTC drops below $90,000, longs will face approximately $502 million in concentrated liquidations; if it breaks through $93,000, the short liquidation pressure will reach $767 million. The liquidation intensity indicates the liquidity response in different price ranges.

【Blockchain Rhythm】Has a new move. A leading exchange announced that on January 20th at 19:15( Beijing time), the AIA perpetual contract trading pair will be officially launched. This launch supports up to 20x leverage, providing another option for users interested in trading AIA derivatives. Perpetual contracts are an important product line for exchanges, and high leverage also means high risk. Since the new coin contract has just been launched, liquidity may still be in the accumulation stage. Friends who want to participate should pay attention to slippage and risk management.

【BitPush】On-chain data tracking shows that around 17:29 this afternoon, 2 million AXS (approximately $4.08 million) were transferred out from the Chainlink protocol in a large transaction, ultimately flowing into a major exchange. This transaction size is significant and suggests that large holders may be adjusting their positions or preparing to release liquidity. According to Arkham's monitoring data, such large AXS movements typically impact short-term market sentiment, and traders should pay attention to subsequent price trends.

【Crypto World】Ethereum ETH faces pressure again today, with the price dropping to around $3096.8. The 24-hour decline has reached -3.25%, with noticeable market volatility. In terms of trading activity, the current trading volume remains at $28.347 billion, indicating sustained market participation. In the short term, the support level for ETH at this price is worth monitoring, and whether it can stabilize depends on the overall market performance.

Galaxy issues $75 million guaranteed loan certificates and tokenizes them on the Avalanche blockchain, with Grove participating in a $50 million allocation. These debt products are listed on the INX exchange, aiming to reduce transaction costs and accelerate fund settlement. Avalanche has attracted traditional financial institutions to deploy, such as Janus Henderson and Apollo launching tokenized credit products, demonstrating its gradual development in institutional applications.

South Korea's third-largest exchange Coinone recently launched RIVER's KRW trading pair, marking an increase in market recognition. This move helps boost RIVER's visibility and user growth in South Korea and is of great significance to the project's internationalization strategy.

MegaETH will launch its public mainnet on January 22nd, simultaneously releasing multiple USDM-based DeFi applications. A global stress test is planned for the first day of the mainnet, aiming to process 11 billion transactions within 7 days. The test throughput is expected to be between 15,000-35,000 TPS, which is significant for the Layer 2 track.

Bitcoin drops again to the key support level of $92,000, with a 24-hour decline of 0.72%. The market is focusing on short-term support and the strength of the rebound. Historically, similar corrections have been frequent, and it is necessary to observe trading volume and large holder positions to determine the future market direction.

On January 20th, the main accounts in the crypto market experienced divergence and adjustment. BTC OG accounts remained stable, with significant unrealized gains on ETH long positions; CZ accounts faced pressure, with an overall unrealized loss of $12 million. The altcoin short-selling accounts performed outstandingly, with unrealized gains expanding to $11.05 million. Meanwhile, the largest on-chain gold long position was well-positioned, with unrealized gains of $400,000. Overall market dynamics indicate changes in on-chain capital flow trends.

According to on-chain data, the total whale holdings on the Hyperliquid platform have reached $6.604 billion, with short positions slightly dominating, and floating profits of $214 million for shorts, outperforming the longs' floating loss of $141 million. One whale opened a 5x full-position long at an ETH price of $3161.85, currently with a floating loss of $7.4023 million, highlighting the risks of leverage trading.