There are frequent negative news. This morning, it was reported that the US Department of Justice approved the liquidation of 6.5 billion US dollars worth of Bitcoin in the Silk Road case, and it happened to be before Trump took office. This news caused the price of Bitcoin to fall instantly.
1500 U. There is no definite news to confirm the final result, but if the liquidation is carried out before Trump takes office, his promise may not be fulfilled.
On January 8, the Bitcoin ETF had a net outflow of 568 million US dollars, and the Ethereum ETF had a net outflow of 159 million. There was no inflow this time, and all outflows were large. As for who participated in the large inflow of 1BT yesterday, it doesn’t matter much now, anyway, they are all trapped.
Grayscale’s funds announced the latest fund component weights for each product.
Grayscale Decentralized Artificial Intelligence Fund has added LPT to its fund components, which include the following assets: NEAR, RENDER, TAO, FIL, GRT and LPTo
The fund components of Grayscale DeFi Fund (DEFG) have added CRV and removed SNX, and the composition includes the following assets: UNI AAVE, LDO, MKR and CRV.
Grayscale Digital Large Cap Fund (GDLC) has added ADA to its fund composition, removed AVAX, and consists of the following assets: BTC, ETH, SOL, XRP and ADA.
SUI has been added to the fund components of Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), which includes the following assets: SOL, ADA, AVAX. SUI, NEAR. DOT. LPT, SUI and CRV are mainly added. However, these things of Grayscale Fund are not very useful for reference. I don’t know whether the customers who invested in Grayscale products have accounts or not, but Grayscale itself has made a lot of money, which makes it feel like a quack.
Market Interpretation
Judging from the current shape of the pie, there shouldn't be any good rebound today. We still have to wait for tomorrow's data to come out. If the data is good, it will be an opportunity to reduce positions. If the data is bad, it will be an opportunity to reduce the position. Breaking 9 is also possible. When the market is not doing well, there will be various negative effects to assist the decline, which is normal. If the 60,000-plus pie of Silk Road is really dumped out before Trump came to power, just like when the German government sold coins, the bottom is about to appear, and you can really be ready to buy the bottom! The specific location cannot yet be determined. The two cakes are falling together. .
SOL can slightly lower the low buying position and then buy at 175-185.
In terms of cottage:
CEX altcoins are almost completely silent except for the hot ones in Korea. The previously popular on-chain Al coins are all falling sharply, but a new LLM unicorn has emerged. At that time, AI16z also experienced a round of heavy losses before it rose. Do you dare to buy at the bottom?
