options traders are betting millions of dollars on a breakout by the end of the month, while participants in the prediction market respond with calm probability calculations, presenting a starkly different outlook on the same price target across the two markets. At the beginning of January 2026, the price of Bitcoin hovers around $92,000. At the same time, data from the Deribit trading platform shows that a trader spent $2.86 million to purchase Bitcoin call options with a strike price of $100,000 expiring on January 30. Just a few days later,

BBX observation: Bitcoin remains the preferred asset for corporate treasury allocation, while Ethereum's "functional asset + treasury" approach is also on the rise.

From January 2 to 7, 2026, Eastern Eight Time, the Bitcoin and Ethereum contract market experienced a round of concentrated liquidations. According to a single statistical measure, approximately **400-500 million USD** worth of contracts were liquidated across the network, with a large-scale exit of positions primarily in Bitcoin and Ethereum. During this time window, the price did not experience a typical cliff-like plunge, but instead fluctuated upward under the influence of capital. The market's driving force shifted from the previous "narrative market" centered around halving and various stories to a more

The Federal Reserve's balance sheet expansion and new giant whales hoarding coins, three major signals indicate that the market is shifting from narrative-driven to fund-driven, with institutions buying the dip during retail panic.

High-end stumbling blocks often appear in the guise of stepping stones: the mirage and epitaph conspired by the project party and the profit-seeking crowd.

NVIDIA invests in a Bitcoin mining company, Trump claims the U.S. will lead in the cryptocurrency field, Walmart launches Bitcoin and Ethereum trading services, and Morgan Stanley submits a Solana trust application.

MSCI won’t drop firms like Strategy from indexes yet, but a broader rule change may still be on the table

Security researchers spoke to CoinDesk about how users can protect themselves after Monday’s breach.

Market participants defended rising support while trading volume surged 66% above average during resistance tests near $908, pointing to increasing demand ahead of major network upgrade.

Original author: Ray Dalio Original translation: Deep Tide TechFlow As a systematic global macro investor, as we approach the end of 2025, I can't help but reflect on the operational mechanisms of the market this year. Today's reflection revolves around this topic. Despite the indisputable facts and return data, my view of the market differs from that of most people. Most believe that U.S. stocks, especially those related to artificial intelligence in the U.S., are the best investments of 2025 and the biggest investment story of the year. However, it is undeniable that the biggest...

USDC grew faster than USDT for the second consecutive year, driven by increased demand for regulated digital dollars.

This is not only a return to traditional finance, but also an evolution of species in extreme environments.

At the beginning of 2026, in the East 8th Time Zone, the decentralized derivatives trading platform **Hyperliquid** announced its **2025 annual core data and product progress**. Against the backdrop of the official reiteration of **"no external financing introduced,"** the disclosed key operational indicators such as user numbers, TVL, trading volume, open contract size, and protocol revenue all recorded several times year-on-year growth, sparking widespread discussion in the market. In particular, the number of users increased from approximately **300,000** to