Crypto Circle News
January 23 Hot Topics:
1. Pantera Capital: Expects a "brutal reshuffle" in crypto asset corporate treasuries (DAT) by 2026.
2. Chainlink announces the acquisition of the order flow auction protocol Atlas built by FastLane.
3. Musk: By the end of next year, we will sell humanoid robots to the public.
4. JPMorgan questions the sustainability of Ethereum's increased activity after the Fusaka upgrade.
5. Trump: If Europe sells U.S. bonds and other assets, it will face massive retaliation.
Trading Insights
What actually destroys traders is not the market, but three inner demons: 1. Expectation addiction: always wanting to catch every wave, feeling anxious when missing out. But the market is not a lover; it won't give you opportunities just because you try hard. 2. Emotional revenge: wanting to win back losses immediately after a loss; trades made in such moments are 90% nightmares. 3. Illusory confidence: thinking you understand the market just because you made a small profit; in reality, that’s just the trend giving you face, not your strength. Those who can get over it save themselves, while those who can't keep falling in the same place. I once thought trading relied on "courage."
Later, I realized that true courage is: being able to go short when you can, admitting mistakes when you can; waiting when you can, and maintaining silence amidst all the noise.
The first lesson the market taught me was losing money, the second lesson was silence, and the third lesson was to train myself to be someone who is not swayed by the market. Now I increasingly believe in a saying: the market never rewards smart people; it only favors the patient. A trader's true growth is not about the account getting bigger, but the heart becoming steadier, understanding yet not rushing; holding on yet not floating; being able to afford losses without chaos; waiting long yet not panicking. It turns out the biggest enemy on the trading path has always been ourselves.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Big White Community this week. Congratulations to the friends who followed along. If your operations are not going well, you can come and test the waters.
The data is real, and each order has a screenshot from the time it was sent.
**Search for the public account: *Big White Talks Coins*
Bilibili and YouTube account: Daquan777
BTC
Analysis
From the data of Bitcoin, the turnover rate is still quite low, and the main selling pressure still comes from short-term investors. Investor sentiment remains relatively stable, with no signs of deepening panic. After all, from the current situation, the tariff crisis has been resolved, and now it should be a strong retaliation against Trump, hoping for a quick resolution.
The chip structure remains very stable, with no signs of collapse, and more chips are gathering around the $90,000 mark. Currently, the accumulation between $83,000 and $92,000 is a bit excessive, and it is also evident that the willingness of holders to sell is low.
In the early hours, Trump directly TACO'd. I originally thought that after Trump TACO'd, Europe would start to speak properly, but that was not the case. I don't know if Trump's words are too hard; he could have just found a way to step down, but insisted on getting it back verbally. As a result, Europe began to sell off U.S. assets, with the head of the Nordic pension fund directly stating that the risk premium for holding U.S. assets has increased.
This continues to make the market uncomfortable. Although the pressure from tariffs has temporarily disappeared, if Europe withdraws investment from the U.S., the impact on the market will be huge. Once European funds switch U.S. assets from low-risk preference to requiring a higher risk premium, then U.S. stocks, U.S. bonds, and the dollar will all be pulled at the same time.
A pullback to around $84,780-$83,780 can be a buying opportunity, with a rebound target looking towards $88,900-$93,000.
ETH
Analysis
This will turn the tariff event from a one-time shock into a longer narrative. Europe is starting to factor geopolitical and policy uncertainties into the pricing model of U.S. assets. Once this is written into the investment committee's framework, it won't be resolved in just a couple of days. Therefore, the market's pain point going forward is not whether the tariffs have been lifted, but whether funds are willing to give the U.S. a higher capital cost. If Europe is indeed reducing allocations, the rebound in risk assets will resemble a technical correction rather than a trend-based inflow.
On Wednesday, there was a significant reduction in ETH spot ETF holdings, with over 111,000 ETH sold in a single day, the largest single-day sell-off since August 4, 2025. Traditional investors who chase highs and sell lows are likely to be uncomfortable with cryptocurrencies. Last week, the net inflow was only about 140,000, while this week, in just two working days, the net outflow has exceeded 170,000.
A pullback to around $2,738-$2,652 can be a buying opportunity, with a rebound target looking towards $2,900-$3,080.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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