OSL trading moment: Bitcoin's short-term pullback triggers market volatility, and long-term growth expectations remain
2025-01-17 14:31

1. Market Observation

Keywords: ETH, ETF, BTC
 
Recently, influenced by the strengthening of the US dollar and the increase in US Treasury yields, Bitcoin has significantly corrected from its peak of $102,000. The price once dropped below $92,000, giving back most of the gains since the beginning of 2025. In the past two days alone, liquidations worth $862.4 million were triggered. Nevertheless, large - volume trading volume has increased by 9%.
 
There is a clear divergence in market views. On the one hand, veteran trader Tone Vays chose to "go fully long" on Bitcoin after the correction, being optimistic about its future performance. On the other hand, some analysts believe that the Bitcoin bull market may be entering its late stage and is expected to end soon. At the same time, the performance of other cryptocurrency markets, including Dogecoin and the emerging Ethereum token WallitlQ, is mixed, but they still show the potential for explosive rebounds.
 
It is worth noting that the surge in open interest indicates that market volatility may further intensify. Meanwhile, Bitcoin also faces multiple challenges: the latest FOMC meeting minutes of the Federal Reserve show that the pace of interest rate cuts may slow down, and the development of quantum technology also poses potential risks. However, market innovation continues to advance. Bitstamp announced that it will launch Ripple's stablecoin RLUSD on the Ethereum network, reflecting the continuous development of the cryptocurrency ecosystem. In addition, Fidelity Digital Assets predicts that Bitcoin could achieve mass adoption as early as 2025, injecting confidence in the long - term development of the market.
 

2. Key Data (as of 12:10 HKT on January 10)

  • S&P 500: 5,918.25 points (YTD + 0.62%)
  • NASDAQ: 19,478.88 points (YTD + 0.87%)
  • 10 - year US Treasury Yield: 4.685% (YTD + 10.40 basis points)
  • US Dollar Index: 109.291 (YTD + 0.68%)
  • Bitcoin: $93,667.48 (YTD + 0.04%), daily spot trading volume is $62.77 billion
  • Ethereum: $3,255.38 (YTD - 2.52%), daily spot trading volume is $29.371 billion

 

3. ETF Flows (EST on January 8)

  • Bitcoin ETF: - $583 million
  • Ethereum ETF: - $159 million

 

4. Important Dates (Hong Kong Time)

  • FOMC Meeting Minutes (03:00 am on January 9)
  • Non - Farm Payrolls Data (21:30 pm on January 10)
    • Actual: To be announced / Previous: 227,000 / Expected: 150,000
  • Unemployment Rate (21:30 pm on January 10)
    • Actual: To be announced / Previous: 4.2% / Expected: 4.2%

5. Hot News

  • Former British Prime Minister Liz Truss said she is a supporter of Bitcoin and cryptocurrencies.
  • Bithumb will list SONIC, SAFE, and AHT on the Korean won market.
  • Theta announced its 2025 roadmap: plans to launch a beta version of AI Agents and an EdgeCloud hybrid cloud edge architecture.
  • Tether CEO: will give a speech at the Italian AI Week in May to introduce Tether's AI strategy.
  • Russia "started selling" 1,032 bitcoins seized in a fraud case.
  • Ethereum and Solana staking are no longer classified as collective investment schemes in the UK.
  • Vitalik warned of AI risks while being optimistic about the development potential of AI agents as a new interface for things.
  • InfiniGods plans to launch its native token GOD, with 17% allocated to its NFT holders.
  • Team members from Coinbase, Google, ai16z, etc. jointly launched the DAO organization Aiccelerate to accelerate the integration of crypto and AI.
  • A VanEck executive said Block is 有望成为 the first company in the S&P 500 to hold Bitcoin.
  • Coinbase's international platform will list the perpetual contracts of AERO, BEAM, and DRIFT.
  • Zhou Xiaochuan: Global public debt is about to exceed $100 trillion, and the impact of crypto - assets on the global finance needs to be vigilant.
  • Both Fidelity's spot Bitcoin and Ethereum ETFs recorded their largest single - day net outflows.
  • Standard Chartered Bank obtained a Luxembourg license to provide digital asset custody services.
  • The BIO Protocol has expanded to the Solana chain, with Wormhole providing bridging services.
  • The International Monetary Fund recommended that Kenya develop a clear cryptocurrency regulatory framework.
  • Kava plans to become a DeAI blockchain and will announce its AI development roadmap in January.
  • Analog announced a 1:100 split of the ANLOG token.
  • Binance will list the perpetual contract of the Dar Open Network (D), with a maximum leverage of 75x.
  • Avalon Labs will conduct a TGE in the early Q1: The total supply cap of AVL is 1 billion, and the airdrop accounts for 20%.
  • Arthur Hayes commented on "the US Department of Justice being approved to sell $6.5 billion worth of bitcoins": ready to buy the dip.
  • Market news: The US Department of Justice approved the sale of seized Silk Road bitcoins worth $6.5 billion.
  • An Oklahoma state legislator proposed the Bitcoin Freedom Act, aiming to allow employees to receive their salaries in the form of Bitcoin.