Today's hot list

1. Yesterday, the US Ethereum spot ETF had a net outflow of US$68.5 million.

2. North Dakota considers incorporating Bitcoin into its asset allocation

3. The Enforcement Director of the U.S. CFTC is resigning

4. Encryption research organization Messari laid off 15% of its employees this week

$SOL 180 sol, very cost-effective

Today's Hot List

1. Grayscale transfers out 700 BTC and 3551 ETH

2. U.S. Senator Ted Cruz reveals he invests in Bitcoin weekly, stating its value has tripled

3. Market Analysis: The Federal Reserve will maintain a relatively hawkish stance

4. The World project supported by Sam Altman completes 10 million human verifications, covering over 160 countries

According to the latest public data, the top ten entities holding the most Bitcoin in the world are as follows:

1. Satoshi Nakamoto
• Holdings: about 1,100,000 Bitcoins
• Identity: The anonymous founder of Bitcoin.

2. Coinbase
• Holdings: about 1,051,650 Bitcoins
• Identity: One of the largest cryptocurrency exchanges in the United States.

3. Binance
• Holdings: about 765,072 Bitcoins
• Identity: The world's leading cryptocurrency trading platform.

4. Bitfinex
• Holdings: about 359,687 Bitcoins
• Identity: A well-known cryptocurrency exchange.

5. BlackRock
• Holdings: about 357,550 Bitcoins
• Identity: One of the world's largest asset management companies.

6. MicroStrategy
• Holdings: approximately 213,996 bitcoins
• Identity: American business intelligence company.

7. Kraken
• Holdings: approximately 237,900 bitcoins
• Identity: American cryptocurrency exchange.

8. Grayscale Bitcoin Trust (GBTC)
• Holdings: approximately 220,439 bitcoins
• Identity: Cryptocurrency investment trust fund.

9. U.S. Government
• Holdings: approximately 204,302 bitcoins
• Identity: Bitcoins confiscated by the U.S. government through law enforcement actions.

10. Fidelity
• Holdings: approximately 178,191 bitcoins
• Identity: A well-known global financial services company.

Please note that these data may change with market fluctuations and the trading activities of holders.

Governments don’t like Bitcoin.
The post office doesn't like email.
Record stores don’t like Spotify.
Bookstores don’t like Amazon.

But you’re not the government, so why don’t you like Bitcoin?

The area around Mount Fuji is a popular tourist destination, and there are many vendors selling matcha ice cream, with prices ranging from 300 yen to 700 yen.

One day, a well-known YouTuber recommended a special matcha ice cream from Mount Fuji, which attracted a large number of tourists.

• Trading volume: surge

• Transaction price: increased

However, as the Internet celebrity effect faded, tourists decreased, prices fell back to their original levels, and transaction volume gradually decreased.

2. Supply drives prices

Suppose that due to the hot weather in the Mount Fuji area for a certain period of time, some small ice cream shops have suspended operations due to shortages of raw materials or increased costs. Only a few shops are left offering matcha ice cream, and the price is concentrated above 700 yen.

• Volume: Not growing significantly (high prices suppress consumer demand).

• Transaction price: substantial increase (shortage of supply allows remaining vendors to increase prices).

Since the supply side was unable to recover quickly, prices remained high for a period of time and trading volume continued to be sluggish.

Applied to the stock market: price drives volume

Just like the relationship between matcha ice cream price and trading volume, price is also the core driver of trading volume in the stock market. For example, when the stock price is in the low-end zone, the phenomenon of "volume shrinking and price rising" usually occurs. When an important level is exceeded, there will be an "explosive increase" because investors are worried that the price will continue to rise and rush to enter the market.

Conclusion: Trading volume is not a necessary condition to drive prices, but the result of price changes.

$BTC The market believes that the probability of an interest rate cut in 2025 is low, thus triggering a market decline

【Total market value of AI Agent tokens exceeds $15 billion】

According to Coingecko data, on January 10, the total market value of AI Agent tokens has exceeded $15 billion, now at $15.447 billion, up 0.7% in a single day, with a 24-hour trading volume of $2.741 billion, indicating that the popularity of this sector continues to rise.

In the keynote speech at CES 2025, Nvidia founder Huang Renxun said: "AI Agent has the potential to become a trillion-dollar industry." This statement has injected confidence into the market and further strengthened the growth expectations of the AI ​​Agent sector.

Analysis and suggestions:
As an important branch of the AI ​​narrative, the AI ​​Agent sector is attracting more and more funds and attention. Investors are advised to continue to track the progress and market performance of innovative projects in the sector and seize potential investment opportunities.

Market hot spots tracking:

1. Justice Department disposes of Silk Road Bitcoin
U.S. officials confirmed to DB News that the Department of Justice was allowed to dispose of 69,370 Bitcoins related to the Silk Road case, with a market value of approximately $6.5 billion. The Ministry of Justice applied for selling authority on the grounds of avoiding market price fluctuations, and stated that follow-up actions will be strictly carried out in accordance with legal regulations. The market is highly concerned about the potential impact of the sell-off.

2. Popular tracks generally experience corrections
• AI Agents track: BUZZ led the decline, ARC and SWARMS both fell to varying degrees, while AI Memes such as TURBO and SHOGGOTH experienced smaller declines, showing a certain degree of resilience.
• DeSci sector: Performance was divided, with HPO bucking the trend and rising sharply, while the Hyperliquid ecological sector continued its correction.
• Trump Family Coins: Overall resistant to decline, with a decline significantly smaller than the market average.

3. Grayscale adjusts the weight of cryptocurrency large-cap funds
Grayscale announced that it would adjust the weighting of BTC and ETH in its cryptocurrency large-cap fund to 90%, with the remaining assets being XRP, SOL and ADA, and excluding AVAX. According to the announcement, this adjustment is based on the fluctuation of the CoinDesk Large Market Select Index, showing Grayscale’s further focus on mainstream assets in the market.

4. LLM speed pass on SOL chain caused heated discussion
The LLM model speedrun 155M on the SOL chain, the design inspiration is suspected to come from a16z’s LOGO, triggering market speculation about its relationship with a16z. Some people compare it to the cooperation between FARTCOIN and GOAT. However, Him, the core figure of the project, tweeted that he had been blocked by Shaw, the co-founder of a16z, with the text "The end of an era", which added to the volatility of market sentiment.

$ORDI Judging from the daily line, it has fallen to the point. Coupled with the recent news, it is a very suitable position to enter the market.

Consider buying in batches in the $20.22-$19.65 range of $LINK

1. Strong technical support
• Key support area: $19.65 is an important support level in the near term, and historical prices have rebounded in this area many times. This shows that there is a strong buying force near this price, and it may be difficult to break below in the short term.
• Flexibility in range operation: $20.22-$19.65 is a smaller range, and building positions in batches can smooth the purchase cost and avoid the price risk of single-point purchase. If the price rebounds, you can lock in low-priced chips in advance.

2. LINK has a solid fundamental
• Chainlink's ecological growth: As a leader in the field of decentralized oracles, LINK is constantly expanding its ecology and cooperating with many mainstream blockchains and DeFi protocols. The recent "Staking" function further enhances its value capture ability and may drive more capital inflows.
• Consolidation of market position: LINK is an infrastructure asset in the multi-chain ecosystem, with stable and irreplaceable demand and high long-term holding value.

3. Potential for improvement in macro and market sentiment
• BTC stabilizes or rebounds: If the market fully digests the short-term volatility of Bitcoin and the broader market, LINK may rebound quickly with the support of its stable ecosystem.
• The Fed slows down its expectations of rate hikes: The overall market may usher in capital inflows, and crypto assets will directly benefit. As a leading project, LINK has higher upward elasticity.

4. Easier risk management
• Buying in batches reduces risks: Building positions in batches in the $20.22-$19.65 range can not only capture lower costs, but also avoid the risks of "missing the opportunity" or "failed to buy at the bottom" brought by a single buying point.
• Clear stop loss: If the price falls below $19.65, you can set a stop loss to ensure limited losses.

Conclusion: Operational suggestions
1. Make the first purchase at $20.22 and observe the reaction.
2. If the price pulls back to around $19.65, add a second position.
3. Pay attention to the macro market and BTC trends. If LINK falls below $19.65, stop loss decisively and wait and see.

The risk is controllable, the potential is clear, and buying in batches will help improve the overall profit expectations.

Market dynamics and focus analysis:

1. BTC plunge triggers weekly adjustment, market focuses on new Meme on chain
Bitcoin fell sharply and entered a weekly adjustment period. At the same time, the United States plans to sell $6.5 billion worth of BTC related to the Silk Road case, further exacerbating market pressure. Altcoins fell across the board, but funds poured into new Meme projects on the chain, and speculation remained hot.

2. AI Meme sector hot spots emerged
• LLM and PIPPIN led the rise:
LLM, as an AI Meme that mocks a16z, performed strongly, and market hype was high; PIPPIN transformed from AI Meme to a framework platform, attracting wider attention.
• Trend interpretation:
Under the current AI narrative, the performance of each sub-sector is differentiated, but the framework platform and AI Meme are obviously easier to stand out, and the market logic is similar to the rise of public chains and MEME projects.

3. Game framework STEALTH emerges
STEALTH has risen strongly and is a representative project of WEB2 traditional games to AI game chains. On the ROBLX platform, STEALTH's mini-game has more than 2 million daily active users, and has reached a cooperation with a16z's ELIZA platform, becoming a new focus in the field of AI games.

4. Metaverse project AVA performs well
As a pioneer project in the metaverse's transformation into a personal AI agent, AVA has seen an increase this week, with a market value of $250 million, gradually attracting the attention of funds.

5. Meme coin KEKIUS rebounds, Musk calls for orders again
As a popular meme coin on the ETH chain, KEKIUS rebounded after a 80% correction from its high point. Despite a sharp correction, its transaction volume still ranks among the top three Memes on the ETH chain. With Musk's call for orders, the market speculates that KEKIUS may be similar to WOULD and usher in a second wave of market conditions again.

Market trend analysis:

1. BTC bottomed out and rebounded, while the market generally fell.
Bitcoin once fell to $91,000, hitting the recent 4-hour support level before rebounding, but the overall market is still in a general downward trend. Among the TOP50 targets, only $UNI recorded positive gains, while small currencies were more active, with SUIHUB and BUZZ leading the decline.

2. Global market dynamics
• U.S. stocks: Markets will be closed Wednesday for a holiday.
• Sterling: Hit a new one-year low during the session, signaling significant economic pressure.
• UK government bond yields: Hit another 16-year high, bond market volatility intensifies.
• Gold: Gold prices hit their highest since mid-December, boosted by risk aversion.

3. BTC/USDT liquidation risk
According to the liquidation map data, taking 92460 USDT as the benchmark:
• If the price drops 1,000 points to around 91,460, the accumulated long order liquidation amount will exceed US$190 million.
• If the price rises 1,000 points to around 93,460, the cumulative short order liquidation amount will exceed US$279 million.
At present, the liquidation amount of short parties is significantly higher than that of long parties, indicating that there is a large short leverage risk in the market. It is recommended that investors reasonably control leverage ratios to avoid large-scale liquidations triggered by market fluctuations.

$BTC Industry news summary:

1. Alliance DAO Lianchuang discloses position strategy
The co-founder announced that he has invested all his investment in Bitcoin and AI agents-related tokens, showing that he is highly optimistic about the prospects of combining blockchain and artificial intelligence.

2. a16z integrates Gogplus plug-in into ElizaOS
Well-known venture capital a16z announced that it has officially integrated the Gogplus security plug-in into the ElizaOS operating system to improve its security performance and provide users with a more reliable service experience.

3. Citi: The U.S. labor market is softening
Citibank pointed out that the non-agricultural data to be released tonight is expected to show that the labor market continues to weaken, further confirming the economic slowdown trend.

4. Economists look forward to job growth in 2025
Experts predict that U.S. employment growth will slow down in 2025, but overall it will remain healthy and the labor market will remain resilient.

5. 4E Warning: Rising market uncertainty
4E analysis believes that global market uncertainty has intensified, risk assets have come under pressure, and risk aversion has increased significantly, and investors need to respond with caution.

6. CESS debuts at CES 2025
CESS, a decentralized data infrastructure provider, will showcase its data storage solutions specially designed for AI at CES 2025 to promote the development of artificial intelligence technology.

#美国非农数据即将公布 The U.S. Department of Labor will release non-farm payrolls data for December at 21:30 Beijing time tonight. The market generally expects the number of new jobs to be about 160,000 to 165,000, lower than the 227,000 in November, and the unemployment rate is expected to remain at 4.2%. 

The recently released ADP employment in December only increased by 122,000, the lowest level since August, indicating a slowdown in employment growth. 

If the non-farm data meets or falls short of expectations, it may strengthen the market's expectations that the Federal Reserve will slow down the pace of interest rate hikes, leading to a weakening of the US dollar and benefiting safe-haven assets such as gold. On the contrary, if the data is strong, it may boost the US dollar and suppress gold prices. 

In addition, non-farm data will also affect the trend of U.S. stocks. Strong employment data may boost investor confidence and drive the stock market up; while weak data may trigger concerns about an economic slowdown and lead to a decline in the stock market.

Therefore, investors should pay close attention to tonight's non-farm data to judge the health of the U.S. economy and adjust their investment strategies accordingly.

Today's Hot List

1. Teams from Google, a16z, and others have jointly established the DAO organization Aiccelerate, aimed at accelerating the integration of cryptocurrency and AI.

2. Coinbase's international platform will launch perpetual contracts for AERO, BEAM, and DRIFT.

3. Federal Reserve's Harker: The Federal Reserve will only issue digital currency under congressional direction.

4. Trump's NFT series uses the Ordinals protocol to launch Bitcoin digital trading cards.

BTC market analysis: A critical moment is coming

• The daily level shows an obvious head and shoulders pattern, which deserves vigilance.

• The news of the sale of Silk Road assets announced on December 30 was suspected to be deliberately manipulated, with the key position being 94K.

• The short-term bottom is still at 92K. This area has successfully stopped falling 6 times in the past two months and has significant support.

• In the short term, it may break through the 100K trend line and test 104K, attracting bullish sentiment, and then usher in a sharp adjustment.

At present, the market generally expects a direct downward trend, but the supporting force is still there. Stay on the sidelines, pay attention to breakthroughs and adjust the pace, and be optimistic about the market outlook.

The bears still have the upper hand at the moment

Today's Hot List

1. CryptoQuant: U.S. entities dominate Bitcoin holdings, exceeding foreign entities by 65%

2. Do Kwon's trial date set for January 26, 2026

3. U.S. Department of Justice authorized to sell $6.5 billion worth of Bitcoin related to the Silk Road case

4. Kava plans to become a DeAI blockchain and will announce its AI roadmap

In memory of the 39th President of the United States, Jimmy Carter, the U.S. stock market will be closed for one day on January 9 and no trading will be conducted. The market has temporarily pressed the pause button, and brothers can also relax a little, adjust their mentality, and wait for the next market dynamics.