The probability of a U.S. government shutdown has reached a historic high... Concerns about short-term volatility in risk assets like BTC
According to Watcher.Guru, the probability that the U.S. government will not obtain operating funds before this Friday (local time) has reached a historic high. This is interpreted as a result of delays in budget agreement leading to increased concerns about a government shutdown. The market may reflect tightening risks again due to the Federal Reserve's monetary policy and macroeconomic uncertainties, potentially causing short-term price fluctuations in overall risk assets, including BTC.
A large transfer of 39,999 ETH has occurred... The possibility of selling has drawn attention
According to data from cryptocurrency tracking service Whale Alert, on January 25th, approximately 39,999 ETH (worth about $115.37 million) was transferred from the Binance wallet to an unverified new wallet. This transfer was of a large single amount, and the market has various interpretations including the possibility of a large-scale sell-off. The entity behind the transfer wallet has not yet been identified, and its subsequent fund movements are closely watched.
Forced liquidation of $130 million in the global cryptocurrency derivatives market
According to Coinglass data, in the last 24 hours, approximately $130 million in positions have been forcibly liquidated in the global cryptocurrency derivatives market. The largest liquidation amount was related to Bitcoin, totaling $30.75 million. The liquidation amount for long positions was approximately $91.31 million, while for short positions it was approximately $38.85 million. Recent increased volatility in BTC and ETH prices, along with increased leverage trading, are believed to be the main reasons.
Bitcoin fell below $88,000… concerns rise as support levels collapse
Cryptocurrency media WatcherGuru (@WatcherGuru) reported on the 25th (local time) that the price of Bitcoin has fallen below $88,000. This drop is interpreted as being influenced by profit-taking following a recent surge and an increase in short positions, leading to expanded volatility. Some analysts are concerned that the collapse of support levels could trigger further downward pressure.
Solana broke below $120… the reason for the decline is unclear
According to cryptocurrency media Odaily, based on data from the OKX exchange, Solana's price has fallen below $120. Currently, the trading price of SOL is $119.92, down 5.78% in the last 24 hours. The reason for the sharp price drop remains unclear.
ETH fell below $2,900
According to the OKX exchange, Ethereum's price fell below $2,900, currently trading at $2,899.17. The drop in the last 24 hours was 1.99%.
Son of the U.S. government asset custodian, suspected of embezzling $40 million in cryptocurrency
Renowned blockchain analyst ZachXBT disclosed on X (formerly Twitter) that John Daghita, suspected of embezzling $40 million in cryptocurrency from the U.S. government, is the son of the CEO of CMDSS. CMDSS is a company that previously contracted with the U.S. government to handle seized crypto assets. Investigative authorities are currently conducting an in-depth investigation into the background of this case.
Developer Mike Alfred said, 'The bottom for BTC is very close… you should continue to hold'
Mike Alfred, a board member of the $12 billion market cap mining company Iren, stated on the 25th (local time) on X that 'the price bottom for BTC is very close' and urged, 'Do not believe the FUD (fear, uncertainty, doubt), you should continue to hold.' Despite adjustments in the cryptocurrency market, he emphasized the long-term upward potential of BTC.
Adam Back stated that 'the potential for Bitcoin could reach $10 million'… reaffirming a long-term optimistic view
Adam Back, hailed as an early Bitcoin developer and a key figure in the cypherpunk movement, reiterated his long-term optimistic view on Bitcoin. Back stated, 'Bitcoin is like a beach ball submerged in water,' implying that its suppressed value could surge sharply. He ultimately believes the BTC price could reach $10 million. Related remarks were relayed by Bitcoin historian Peter Rizzo (@pete_rizzo_) on January 25th on X (formerly Twitter), with the market interpreting these comments as potentially triggering strong bullish expectations.
