🌞Big Crypto Event on January 8, 2025‼ ️ 📢📢📢 ‼ ️

1️⃣ Bitcoin price fell 5% to $96,728 as risk assets were generally under pressure due to the surge in U.S. Treasury yields

2️⃣ Binance will delist the following margin trading pairs at 06:00 (UTC) on January 16, 2025:

- Full margin trading pairs: LIT/BTC, NULS/BTC, SFP/BTC

- Single margin trading pairs: BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, SFP/BTC

3️⃣ Grayscale Bitcoin ETF increased its holdings of a total of 721.633 BTC through the Coinbase Prime hot wallet address, worth approximately $70.04 million

4️⃣ Bitfinex analyst: BTC miners still have a lot of unrealized profits and are in a strong position

5️⃣ Backpack Exchange acquires FTX EU for $32.7 million and will be responsible for distributing $55 million of FTX Bankruptcy claim

6️⃣Musk: There is no plan to use cryptocurrency in X Payments service in the near future

7️⃣With the adjustment of data and expectations of interest rate cuts, the Dow Jones Industrial Average closed down 0.4%, the S&P 500 fell 1.1%, and the Nasdaq fell 1.89%. Nvidia (NVDA.O) opened at a new high and closed down 6.2%, Tesla fell 4%, and Apple (AAPL.O) fell 1%

8️⃣Ripple, Robinhood, a16z and other companies are recruiting multiple crypto-related positions in the United States

9️⃣Wintermute is the market maker for Solana game public chain token SONIC

🔟The net outflow of US Ethereum spot ETF is about 87.22 million US dollars, and the net inflow of US Bitcoin spot ETF is about 53.48 million US dollars!

Market capital information💰:

1️⃣The entire network has a liquidation of 560 million US dollars in the past 24 hours

2️⃣The total contract position of the entire network is 135.14 billion US dollars

3️⃣The total transaction volume of the entire network in 24 hours is 277.95 billion US dollars

‼ ️Cherish life, stay away from contract weight‼ ️

Market analysis📈:

#BTCAffected by the US stock market last night, Bitcoin followed the US stock market and fell below the 10w mark. At present, it is still mainly oscillating and adjusting. From the 4-hour K-line, the current market is in low-level fluctuations. Try to operate as little as possible. If it continues to fall below 96,000, it may reach around 94,500! It will not fall too deep in the short term, and there is no problem holding the spot!