# Bull market is here; BTC broke above 20,000 US dollars!#

# Bull market is here; BTC broke above 20,000 US dollars!#

On January 14, cryptocurrencies started a strong rise again. BTC once broke above $21,000, an increase of more than 20% in a week, and ETH hit $1,640, an increase of nearly 20% in a week. The two tokens are leading a new year bull run.

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Crypto Market Aggregator|币圈新闻汇总

[2/3] 3. Bloomberg ETF Analyst: Spot ETFs have not "significantly reduced volatility," and the selling pressure from OG's high-level profit-taking is underestimated. Eric Balchunas stated that the market underestimated the amplifying effect of early holders' concentrated selling at high levels; Bitcoin's approximately 450% increase over two years also signifies a high volatility risk. (PANews | TechFlow | Odaily) 4. Liquidity pressure: Crypto funds saw net outflows of approximately $1.5 billion this week, the largest since November. According to data from the Kobeissi Letter, funds have been withdrawn for the second consecutive week, marking the fifth net outflow in the past seven weeks. (Kobeissi Letter) 5. On-chain/Sentiment Indicators: BTC social sentiment hit a near 4-year low; price near the 200-week moving average of approximately $58,000. Santiment data shows a significant weakening of sentiment; from a technical perspective, the area around the 200-week moving average has historically served as a reference point for bear market bottoms/accumulation zones. (BlockBeats | PANews) ━━ Project Updates ━━ 1. Bitfarms plans to relocate to the United States and change its name to Keel Infrastructure. The company plans to become a dual-listed company under the name "KEEL" and will move its registered office from Canada to the United States and change its name. A special shareholders' meeting is scheduled to be held on March 20, 2026, pending approval from shareholders, the stock exchange and the court. After completion, it plans to trade on Nasdaq and the Toronto Stock Exchange under the name "KEEL". (TechFlow | PANews) 2. ENS: ENS v2 will only be deployed on Ethereum L1, and Namechain L2 development will be discontinued. The ENS COO stated that discontinuing Namechain L2 will not affect v2 functionality and roadmap; more chains will still be supported in the future, and it may be possible to allow .eth registration on any EVM chain. (PANews) 3. ERC-8004 Progress: Avalanche C-Chain supports the standard; Virtuals claims that ACP "graduation agents" will automatically register and be scored on the blockchain. Avalanche announced that C-Chain supports ERC-8004 for AI agents with on-chain identity and transferable reputation; Virtuals Protocol stated that its AI agents that have graduated on ACP will automatically register in ERC-8004, and new evaluations and scores will be automatically added to the chain and bound to the identity. (BlockBeats | Foresight News | BlockBeats | Foresight News) 4. EY: Wallets will become a key entry point for next-generation financial services; banks "must have wallets." EY believes that wallets are evolving from crypto tools into gateways to financial services, and the core position of traditional bank accounts may be weakened by "smart wallets". (CoinDesk | BlockBeats | PANews) ━━ Other ━━ 1. Fund flows related to the “BTC OG/1011 whale” have attracted attention: On-chain monitoring shows signs of large deposits to Binance and withdrawals of stablecoins. It is reported that this cluster address deposited about 5,000 BTC to Binance within a few hours, then withdrew about 55 million USDC, and then deposited about 4,200 BTC. Other monitoring shows that it transferred about 20,000 ETH and 69.08 million USDT in about 12 hours, and there was on-chain behavior of “withdrawing 55,000 ETH from Aave and then partially depositing it to the exchange”. The market interprets this as suspected reduction of holdings/exchange for stablecoins. (Foresight News | BlockBeats | PANews | TechFlow | BlockBeats) 2. Aave Funding: The ETH borrowing APR surged from 2.13% to 7.35% at one point, before falling back to approximately 5.33%. Data shows that the ETH supply on Aave is approximately 3.09 million (accounting for about 81% of the hard cap), of which about 2.92 million have been lent out, with a borrowing utilization rate of about 81%. Interest rate fluctuations reflect the tightening of short-term liquidity. (Foresight News | PANews | Odaily) 3. Increased volatility in derivatives: Approximately $605 million in positions were liquidated across the network in 24 hours, with short positions dominating. Statistics show that long positions totaled approximately $228 million and short positions totaled approximately $377 million. The largest single liquidation occurred on Hyperliquid's BTC-USD pair, amounting to approximately $21.3 million. (TechFlow) 4. Prediction Markets and Sports Compliance Controversy: Kalshi claims Giannis Antetokounmpo's stake is less than 1%, NBA rules remain unclear. Kalshi confirmed that Giannis Antetokounmpo's shareholding is less than 1% (the specific amount was not disclosed); media reports indicate that the NBA has not yet provided clear guidelines for on-chain prediction/betting platforms, with related betting volume estimated at approximately $23.31 million.

Wintermute CEO: Recent rumors of "institutional collapses" are extremely unreliable. The current crypto market is more orderly and the risks are controllable.

The 4 year cycle advocates like @MarkYusko are simply bad at math. Yes, of course, every 4 years the mining reward gets cut in two. But this is not the cause of Bull markets. At least not any more. Everything is happening on the demand side not the supply side. The 2012 halving cut issuance from 25% of total supply to 12%. That's a massive supply shock, which had an impact. The 2024 having reduced new supply from 1.7% to 0.8%. It's an insignificant amount of Bitcoin. The math behind this was due to the flawed stock to flow model which has been completely debunked. Mark Yusko, like others believes in Astrology.

斗兽场TraderCash

1. Current recommendation: Wait and see. It is clearly stated that the current price movement is a "bull trap," and long is not advised to avoid chasing the price higher. There is a risk of further decline; therefore, tentative positions or overextending the price upwards are not recommended at this time. 2. Position and Risk Management Recommendations: It is recommended to cancel all limit buy orders and avoid risky entry into the market. Lightly placed initial trades or gradually increasing positions are not advised. While specific profit-taking and stop-loss points are not given, the emphasis is on "not risking any funds for this," implying strict risk management. It is recommended to remain on the sidelines and wait for clearer signals. 3. Adaptable to Trading Styles: This strategy is suitable for...

CoinAnk中文討論組

[Analysis of Key Points] The spot price of ETH is around $2041, while the contract price is slightly lower. Price fluctuations are minimal (0.02%) over the past hour, and the price has increased by approximately 1.76% over the past four hours, indicating relatively stable and slightly rising prices in the short term. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 22:33:12/#2122483; ref: window] The total ETH trading volume over the past 24 hours is approximately 72.6 billion yuan, with a total open interest of approximately 19.5 billion yuan. Open interest decreased slightly over the past hour (-0.10%), and over the past 24 hours...

加密大漂亮| C Labs | 招人

This is the most widely accepted analysis post regarding the price drop to 60,000 on November 11, 2024 (20230). The main points are: Hong Kong hedge funds, not traditional financial players specializing in cryptocurrencies, borrowed extremely cheap Japanese yen and used high leverage to buy call options on the BlackRock Bitcoin ETF (IBIT)—a cheap, long-term "lottery" bet on a Bitcoin price surge, with very high leverage. They bet on a rebound after the crash last October, but the rebound didn't materialize; Bitcoin continued to fall. Simultaneously, the cost of borrowing yen increased (arbitrage trading began to collapse), and they may have also heavily invested in silver/gold (silver plummeted by over 20% in a single day), resulting in massive losses across multiple sectors. Brokerages chased margin calls, which they couldn't withstand, forcing them to frantically sell IBIT shares and options to liquidate their positions. As a result, IBIT's trading volume that day exploded to $10.7 billion (a historical record, almost doubling), and options also reached a new high of $90 million. These sell orders directly hit the Bitcoin spot market, triggering a chain reaction of panic and causing BTC to plummet from over 70k to around 60k.

@TheOtherParker_

This was the highest volume day on $IBIT, ever, by a factor of nearly 2x, trading $10.7B today. Additionally, roughly $900M in options premiums were traded today, also the highest ever for IBIT. Given these facts and the way $BTC and $SOL traded down in lockstep today (normally

UNICORN⚡️🦄

While I subjectively expect Bitcoin to surge rapidly, objectively speaking, it will likely consolidate for at least six months to shake out those looking for quick speculative profits before it can build momentum for a new all-time high.

Precious metals memed out, Bitcoin flamed out and the labor market looks like it’s petering out. It all came together to shake the foundation of an AI-driven bull run

Bitcoin has rebounded from its near-death state, and a podcast host believes that short-term selling pressure has been released.

CoinAnk中文討論組

[Extracting viewpoint materials] The spot price of BTC is fluctuating around $69,100. Within the past hour, the price has slightly decreased (approximately -0.6% to -0.9%), while within the past four hours it has shown a slight increase (approximately 1.3% to 1.4%), indicating relatively mild price volatility in the short term. The funding rate remains negative at approximately -0.0057%, indicating low long positions and some short pressure in the market. Total open interest is approximately $38.2 billion, showing slight decreases in both the past hour and 24-hour periods, approximately -0.7% to -0.9% and -0.3% to -0.5% respectively, indicating a slight overall decrease in open interest...

CoinAnk中文討論組

[Analysis of Key Points] 1. The spot price of ETH is $2039.76, while the contract price is slightly lower at $2038.79, indicating that the short-term contract price is close to the spot price. The price fell 1.11% in the first hour and rose 1.41% in the last four hours. The funding rate remains at 0.0035%, and the long/short ratio is 1.8852, indicating that the number of longs is nearly twice that of shorts, suggesting an overall bullish sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:32:57/#2122428; ref: ...]

Michaël van de Poppe

Gold has seen a tremendous rally. #Bitcoin has been correcting massively. Why do these move like they do? That's what I discussed with @crossbordercap in our recent episode. Watch it here:

The "1011 whale" that supposedly liquidated $230 million has transferred another 10,000 ETH to the Binance deposit address associated with Yi! 🤔 Within half an hour, he repaid his loan and withdrew 55,000 ETH from Aave, of which 10,000 ETH were deposited into this address; and in the past 12 hours, a total of 20,000 ETH and 69.08 million USDT have been transferred into wallet addresses worth a total of $109 million. ————— A blockchain novelist who cares about the weather, food, and stories. @ai_9684xtpa

[Market Analysis] Bitcoin is "Offense," Gold is "Defense": A New Grammar for Asset Allocation

[Extracting viewpoint materials] The trading wallet "Machi Big Brother" has been consistently engaging in high-frequency trading in ETH contracts, exhibiting multiple small adjustments to its positions, indicating a preference for a bullish direction. [src: @Valuescan, 2026-02-07 20:39:48/#2122295；ref: window] At 20:39, "Machi Big Brother" slightly increased his long position in ETH, from 2975 ETH to 3000 ETH, an increase of approximately 0.8%. The current floating profit/loss is approximately $112,296, with a profit percentage...

熬鹰书友会

1. The current recommended direction for "BTC" appears to have seen most of its holdings sold off, with only about 20,000 BTC and several hundred thousand Ethereum remaining unsold, suggesting that selling pressure has largely dissipated. Short is not recommended in the short term. With no significant upward surge or sharp pullback expected, a wait-and-see approach is advised, awaiting a clearer direction. 2. Position and Risk Management Recommendations: It is recommended to maintain a light position or remain on the sidelines. Adding to or heavily investing in positions is not advised at this time. Remaining shares have not been sold, and market uncertainty remains, so risks persist. No specific profit-taking or stop-loss points have been set. It is recommended to dynamically adjust positions based on subsequent market performance and cautiously control position size. 3....

熬鹰书友会

1. Current Recommended Direction - It is suggested that when BTC(BTC) falls back to 71,000, HYPE has strong support and will not collapse, implying that it is worth considering long; - Currently, HYPE's profitability is limited, indicating that the market has not yet fully started and there is a sense of tentative position building. We are waiting for a clearer upward signal. 2. Position and Risk Management Recommendations - It is recommended to enter with a small position and wait for BTC to pull back to around 71,000 as the key entry point; - Profit potential is limited; position sizing should be controlled to avoid excessive exposure. No clear profit-taking or stop-loss points are specified; dynamic adjustments are recommended. ...

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