BTC detail demand provides solid support in a lower cryptography market

By Omkar Godbole (every hour, unless otherwise indicated)

Bitcoin and most of the main cryptocurrencies are lower after the Exchange Mercantile Chicago, a proxy for institutional activity, denied information rating of term contracts linked to XRP and the ground. Traditional markets also retain their breath in anticipation of the expected rise in interest rates from the Banque du Japan on Friday.

Despite the continuous BTC game above $ 100,000, the request for detail remains robust. The cohort shrimps-Crabes of Glassnode, which includes addresses containing up to 10 BTC, absorbed 1.9 times the offer newly extracted last month, totaling more than 25,600 BTC. At the same time, long -term securities holders have slowed their expenses and their profit -taking activities, which testifies to a prudent, but firm commitment, in their investments.

Staying below $ 100,000 could be expensive. According to Jake Ostrovskis, trader OTC of Wintermute, “would make the inauguration on Monday an event for the sale of information and the story could change fairly quickly”.

The reports suggest that the number of whale portfolios containing between 1 and 10 million XRP has reached a historic summit of 2,083, signaling increased accumulation and confidence in its future performance.

In the world of innovation, discussions around Bitcoin Synths gain ground on X. These synthetic assets allow users to benefit from Bitcoin price movements without really having the cryptocurrency. Bitcoin Synths can be exchanged or used as a guarantee in loan protocols, thus avoiding the complexities associated with wrapped tokens and specialized bridges.

Layer 2 Ethereum protocols also make the headlines with record transactions volumes, even if concerns about their close ability of the limits persist.

On the macroeconomic level, recent data from the Ministry of Labor show that the index “all rents for tenants”, an indicator of housing inflation in the consumer price index (IPC), increased to a Slower rhythm in the last quarter. The data suggests that recent concerns about inflation could be exaggerated and that the Fed could move away from its bellicist forecasts, which would be a positive sign for risky assets. Stay vigilant!

What to look at

• Cryptocurrency
• Macro
  • January 23, 8:30 am: The American Ministry of Labor publishes the weekly report on requests for unemployment insurance for the week ended on January 18.
    • Initial unemployment requests is. 215,000 against the previous one. 217K.
  • January 23, 10:00 am: The National Association of Realtors publishes the report on sales of existing housing in the United States for December 2024.
    • Sales of existing houses is. 4.16 million against the previous one. 4.15m.
    • Sales of existing houses MOM PRE. 4.8%.
  • January 23, 4.30 p.m.: The Fed publishes the report H.4.1, the assessment of the Central Bank, for the week ended on January 22.
    • Total reserves pre. $ 6.83 billion.
  • January 23, 6.30pm: The Japanese Ministry of the Interior and Communications publishes the report on the Consumer Price Index (IPC) of December 2024.
    • MOM inflation rate. 0.6%.
    • Annual sliding underlying inflation rate is. 3 % compared to the previous one. 2.7%.
    • Pre -annual sliding inflation rate. 2.9%.
  • January 23, 10:00 p.m.: The Bank of Japan (BOJ) publishes a declaration on monetary policy.
    • Interest rate decision is. 0.5 % compared to the previous one. 0.25%.

Chip events

• Governance votes and calls
  • Morpho Dao plans to reduce incentives by 30 % on all networks and assets.
  • Yearn Dao discusses funding and approves a subdao called Bearn to focus on the creation and launch of products on Berachain.
  • Frax Dao discusses an investment of $ 5 million in World Liberty Financial (WLFI), the cryptography project supported by the family of US President Donald Trump.
  • January 23: Livepeer (LPT) is organizing a Core Dev call.
  • January 24: Deadline for the activation vote of Arbitrum Bold. BOLD allows anyone to participate in validation and to defend themselves against malicious complaints concerning the state of an arbitrum chain.
  • January 24: Hedera (Hbar) is organizing a community call at 11 a.m.
• Unlock
  • January 31: Optimism (OP) will unlock 2.32 % of the supply in circulation worth $ 52.9 million.
  • January 31: Jupiter (JUP) will unlock 41.5 % of the supply in circulation worth $ 626 million.
• Token launches
  • January 23: Sky (Sky) is listed on Bitget.
  • January 23: Launch of animecoin (anime), complaints starting at 8 am. The token will be listed on several scholarships, including Binance, Okx and Kucoin.

Conferences:

Symbolic discussion

By Francisco Rodrigues

• Azuki, a collection of non -fungible tokens (NFT), now presents its animecoin (anime) on Ethereum and Arbitrum. The token was announced on January 13.
• An Ardrop will include Azuki NFT holders, hyperliquid hypeliquid participations, some participants in the Arbitrum ecosystem and the Kaito Yappers.
• It will also include certain anime communities and holders of BNB tokens which, between January 17 and 20, subscribed to simple Earn with their tokens on Binance.
• These beginnings rely on a growing trend in NFT collections to launch their own tokens, a trend that started in 2021 when the Bored Ape Yacht Club (BAYC) launched Apecoin.
• Other examples include the Dust Dust tokens of Degods and Penguins Pudgy Penguins, who have a market capitalization of $ 1.6 billion.
• Other signs indicate that the NFT market warms up, Nansen recently stressing that an crypto punk was sold for 170 ETH (around $ 540,000) while a Azuki was sold for 165 ETH. Azuki NFT had been bought a month before for 105 ETH.

Positioning of derivative products

• The Cumulative Delta volume indicator reveals that the main cryptocurrencies, with the exception of the tone, have undergone net pressure on the perpetual term markets in the last 24 hours.
• Block flows on deribit and paradigm included long positions on short -term PUT BTC at $ 100,000, $ 95,000 and $ 70,000. An entity bought ethn evaluated at $ 2.9,000.
• BTC and ETH front-end calls are now negotiated with the Put.

Market movements:

• BTC is down 4.1 % compared to 4 p.m. HE Wednesday at $ 102,020 (24 hours: -2.71 %)
• The ETH is down 3.85 % to $ 3,206.18 (24 hours: -2.83 %)
• Coindesk 20 is down 3.61% to 3,799.21 (24 hours: -3.58%)
• The rate of intention of CESR composite ether is down 15 basic points to 3.15 %
• The BTC financing rate is -0.0019% (-2.08% annualized) on OKX

• DXY is unchanged at 108.25
• Gold is down 0.35% to $ 2,761.10
• The money is down 0.73% to $ 30.57/Oz
• The Nikkei 225 closed up 0.79% to 39,958.87
• Hang Seng closed down 0.4% to 19,700.56
• FTSE is unchanged at 8,538.7
• The Euro Stoxx 50 is unchanged at 5203.6
• Djia closed in +0.3% to 44,156.73
• The S&P 500 closed in +0.61% to 6,086.37
• The Nasdaq closed up 1.28% to 20,009.34
• The S & P/TSX compound index closed up 0.12 % to 25,311.5
• The S&P 40 Latin America closed in +1.21% to 2,297.32
• The US Treasury at 10 years old is up of 3 base points at 4.59%
• Tower contracts E-Mini S&P 500 are down 0.19% to 6,109.00
• The term contracts E-Mini Nasda-100 are down 0.56% to 21,876.75
• The term contracts on the E-Mini Dow Jones Industrial Average index are not quantified at 44,384.00

Bitcoin statistics:

• BTC dominance: 58.59
• Ethereum/Bitcoin ratio: 0.031
• Hashrate (Mobile average over seven days): 781 EH/S
• Hash price (spot): $ 58.9
• Total costs: 8.5 BTC/876 410 $
• Open interest in CME term contracts: 188,396 BTC
• BTC evaluated in gold: 37.1 ounces
• BTC VS gold market capitalization: 10.56 %

Technical analysis

• The withdrawal of the BTC compared to the highest on Monday suggests the formation of a double -top -off downward reversal model.
• A movement below the horizontal line would confirm the trend, potentially attracting more sellers to the market.

Cryptographic actions

• Microstrategy (MSTR): closed Wednesday at $ 377.31 (-3.03 %), down 1.89 % to $ 370.19 in pre-market.
• Coinbase Global (corner): fenced at $ 295.85 (+0.56 %), down 2.59 % to $ 288.18 in pre-market.
• Galaxy Digital Holdings (GLXY): fenced at $ 32.81 CA (+4.99 %)
• Mara Holdings (Mara): closed at $ 19.69 (+0.66 %), down 2.54 % to $ 19.19 in pre-market.
• Riot Platforms (Riot): fenced at $ 13.14 (+3.14 %), down 1.75 % to $ 12.91 in pre-market.
• Core Scientific (CORZ): closed at $ 15.97 (+4.58 %), down 1.63 % to $ 15.71 in pre-commercialization.
• Cleanspark (CLSK): closed at $ 11.14 (+1.64 %), down 2.51 % to $ 10.86 in pre-commercialization.
• Coinshares Valkyrie Bitcoin Miners ETF (WGMI): fenced at $ 25.53 (+2.24 %), up 2.58 % to $ 28.27 in pre-market.
• Semler Scientific (SMLR): closed at $ 62.11 (-4.36 %), up 2 % to $ 64.90 in pre-commercialization.
• Exodus Movement (exod): closed at $ 41.00 (+2.5 %), down 2.07 % to $ 40.15 in pre-market.

ETF flow

ETF Spot BTC:

• Daily net flow: $ 248.7 million
• Cumulative net flows: $ 39.23 billion
• Total BTC assets ~ 1.161 million.

ETH ETH

• Daily net flow: $ 70.7 million
• Cumulative net flows: $ 2.81 billion
• Total assets in ETH ~ 3.648 million.

Source: Farside investors

Nightflow

Graphic of the day

• The graph shows a peak in the number of addresses active on Solana.
• The addresses holding the USDC led growth while the frenzy of the Trump tokens took the market during the weekend.

While you slept

In ether