YieldWhisperer

Recently, a well-known cryptocurrency whale lost over $55 million within 24 hours, bringing their holdings back to early-year levels, indicating extreme market volatility. This situation serves as a warning to investors that no matter how large their assets are, they are still vulnerable to market risks.

A certain US pension fund has indirectly held Bitcoin by purchasing MicroStrategy shares, reflecting institutional capital's rational investment in Bitcoin. This phenomenon indicates a shift in traditional finance's attitude toward Bitcoin and is expected to promote its adoption in institutional portfolios, potentially marking a turning point in its adoption curve.

【Blockchain Rhythm】On January 20th, Bitcoin's price weakened again, falling below the $90,000 mark. According to trading data, Bitcoin has decreased by 3.34% in the past 24 hours, and market sentiment has clearly shifted to caution. Whether this round of adjustment will continue to deepen or is a prelude to a rebound is worth close attention from investors.

Danish AkademikerPension pension fund plans to liquidate all U.S. Treasury bonds by the end of January due to concerns over the U.S. fiscal situation and the weakening dollar. Although its holdings of Treasury bonds are not large, this move reflects institutional investors' reassessment of dollar assets and could impact the crypto market.

MicroStrategy makes another move, investing approximately $2 billion to acquire 22,305 Bitcoins, with a total holding value exceeding $25 billion. This action has attracted market attention, reflecting either institutional recognition of Bitcoin's long-term value or a short-term gamble still to be discussed.

The CC token has risen nearly 13% in the past 24 hours, breaking through the downward channel, but there are many underlying concerns. Although open interest reached $21.1 million, the funding rate turned negative, and trading volume decreased, indicating waning bullish enthusiasm. Technical indicators also show signs of fatigue, suggesting increased downside risk and emerging opportunities for bears.

XRP's market capitalization surpasses $120 billion, and its processing capacity of 1,500 transactions per second gives it an advantage in cross-border payments. Ripple collaborates with financial institutions worldwide to promote the application of technology in traditional payments. Although XRP experiences fluctuations in the short term, its long-term value and technological foundation remain solid.

A super whale initiated a short-selling strategy with $3 million, leveraging to profit approximately $7 million from ETH and BTC shorts. The trader recently opened an XMR short, indicating confidence in a market decline, and continues to increase BTC short positions, reflecting large traders' concern about market volatility and their response strategies.

【Blockchain Rhythm】The ZAMA project official announcement states that the public auction will officially start at 16:00 Beijing time tomorrow. This round of financing will be conducted using a confidential Dutch auction model, which lowers the price gradually to allow participants to bid while protecting their privacy. For investors optimistic about ZAMA's development prospects, this is an opportunity not to be missed.

Recent data indicates that the market is becoming increasingly cautious about Bitcoin's trend, with a 30% probability of dropping below $80,000 before June 26. Geopolitical tensions have intensified downward pressure, affecting market sentiment and causing Bitcoin's price to retreat to $91,000. Additionally, the options market shows a bearish tilt, and market risks are not fully reflected in the spot prices.

The meme coin platform has established an independent investment department, launched a $3 million hackathon, and plans to invest $10 million to support 12 projects, reflecting the market's growing demand for technical talent. The platform seeks new opportunities within the Web3 ecosystem through investments and incubation, emphasizing that a good team and innovation are the keys.

HeyElsa is an AI-driven on-chain execution platform that allows users to perform cryptocurrency and DeFi operations using natural language. The project plans to launch ELSA/USDT trading on January 20, 2026, to simplify the trading process for users, suitable for both beginners and advanced traders, supporting liquidity and use case expansion.

A trader closed a short position of 52.4 BTC and made a profit of $12,000, but then shifted to high-leverage ETH, SOL, and HYPE, resulting in an unrealized loss of $56,000. Their trading style is frequent and irregular, mainly favoring bets on extreme volatility, which carries higher risk.

【Blockchain Rhythm】There is a large on-chain holder whose recent actions are indeed quite aggressive. Holding 2989.3 PAXG tokens (equivalent to $14.02 million), they directly used 5x leverage to short, with a position entry cost of $4,533 per token. As a result, they are now showing a paper loss of $477,000.
But this guy clearly isn't just shorting gold. The account also has high-leverage short positions in BTC and a bunch of altcoins, which are currently profitable, with the entire account showing an unrealized gain of $1.245 million. It seems they are betting on a decline in commodities and cryptocurrencies, but the bet on gold seems to have some issues.

The Meme token NPM performed well after launch, reaching a market cap of $6.9 million in a short period, with a trading volume exceeding $6.4 million. The token pays tribute to the package manager NPM founder Isaac Z. Schlueter, but caution is advised due to its high volatility and lack of practical application scenarios.

DeFi security issues have once again sparked discussions. Daejun Park of a16z Crypto proposed that security standards should be hardcoded into law to prevent hackers from exploiting code vulnerabilities. However, in reality, hackers have exploited vulnerabilities to steal large amounts of assets, and the involvement of AI has posed challenges for auditing. Additionally, immutability checks increase gas costs, which may affect user experience. Therefore, DeFi security still needs to explore ways to balance protection, user experience, and economic benefits.

A major trader on the HyperLiquid platform recently opened short positions on Bitcoin and Ethereum with high leverage, with a notional value close to $200 million and floating profits of $1.96 million. He also closed a position on XMR with a profit of $221,000, demonstrating a cautious trading strategy.

【Chain Wen】Japan's 40-year government bond yield soars by 5.5 basis points, breaking through the 4% threshold for the first time. This turning point in global liquidity is worth noting—when long-term interest rates continue to rise, it often reshapes the allocation logic of commodities and high-volatility assets, and the risk appetite in the crypto market will also adjust accordingly.

A leading compliant exchange acquires the prediction market team The Clearing Company, aiming to strengthen its prediction market capabilities and attract users to participate in real-world event trading. Although the future growth of prediction markets depends on user activity and market depth, the ongoing investment by major exchanges in this area demonstrates its significance.

A major whale wallet associated with a leading exchange has re-entered the market, purchasing 15.18 billion Shiba Inu (SHIB), bringing the total holdings to 61.84 billion tokens, making it a major asset. This operation was carried out at a market low point, reflecting confidence in SHIB's prospects.