Gate Daily Report (January 14): MicroStrategy significantly increases holdings by 13,627 BTC; Bitcoin ETF re-establishes net inflow

Bitcoin (BTC) surged sharply in the short term, currently around $95,470 as of January 14. MicroStrategy increased its holdings by 13,627 Bitcoins, marking the largest single transaction since July. Despite BlackRock initiating redemptions, Bitcoin ETFs have re-entered net inflows after a brief period of outflows.

Macro Events & Crypto Hotspots

1. From January 5 to 11, MicroStrategy purchased Bitcoin at an average price of $91,519 per coin, bringing its total Bitcoin holdings to 687,410 coins, valued at over $63 billion at current prices—unrealized gains exceeding $11 billion. The funds for this transaction came from the sale of Class A common shares and preferred shares, aligning with MicroStrategy’s strategy after rebranding in 2025 to use equity to position Bitcoin as its primary reserve asset. President and CFO Phong Le recently bought personal shares of preferred stock, while Saylor remains confident in Bitcoin’s strong performance through 2026.

2. Outflows from BlackRock’s iShares Bitcoin Trust have led to rumors online that the company sold $70 million worth of Bitcoin, but this actually reflects routine redemptions where authorized participants exchange fund shares for underlying Bitcoin, which the fund then sells. Fidelity injected $111.8 million, contributing to overall capital inflows, but this only accounts for a small portion of BlackRock’s holdings of 776,000 Bitcoins (worth hundreds of billions). Analysts believe these are normal institutional portfolio rebalancing activities. Before the US inflation data release, Bitcoin’s price hovered around $91,000, with steady net demand.

News & Updates

1. Ethena plans to promote USDe adoption through Ethereum gasless transactions and 10x reward bonuses.

2. Whale Garrett Jin: Ethereum has re-entered the fifth wave of the upward channel that began in April last year, with a target of $5413.

3. French regulators: As the EU licensing application deadline approaches, some crypto companies have yet to respond.

4. Russian Duma officials: A bill allowing cryptocurrencies to exit special financial regulation is ready.

5. Zama will launch token sales via CoinList and its own auction app, with an FDV floor price of $55 million.

6. Bitpanda plans an IPO in Frankfurt in the first half of 2026, targeting a valuation of €4-5 billion.

7. The US Senate Agriculture Committee has rescheduled its crypto bill hearing to January 27.

8. Crypto-friendly bank Old Glory plans to go public via SPAC, with a valuation of $250 million.

9. Crypto exchange ProBit Global will cease all services on February 26, urging users to withdraw funds promptly.

Market Trends

1. Latest Bitcoin news: $BTC surged sharply in the short term, currently around $95,470. Over the past 24 hours, liquidations reached $293 million, mainly short positions.

2. US stocks retreated from their all-time highs on January 13, with the Dow Jones Industrial Average and S&P 500 both closing lower. Despite mild inflation data, poor earnings from JPMorgan and plans by Trump to limit credit card interest rates dragged down the markets. However, chip stocks rose against the trend, with Intel and AMD’s gains boosting semiconductor stocks, offsetting some losses. The Dow was the weakest performer, down 398.21 points, or 0.8%, closing at 49,191.99. The S&P 500 fell 13.53 points, or 0.2%, ending at 6,963.74. The Nasdaq Composite declined 24.03 points, or 0.1%, closing at 23,709.87.

(Source: Gate)

3. According to Gate BTC/USDT liquidation map, with current price at $95,247.80, if price drops near $92,525, total long liquidations exceed $795 million; if it rises near $96,207, short liquidations exceed $131 million. Short positions are significantly lower than longs; it is advisable to control leverage ratios reasonably to avoid large-scale liquidations during market fluctuations.

(Source: Coinglass)

4. In the past 24 hours, spot inflow was $3.36 billion, outflow $2.96 billion, net outflow $400 million.

(Source: Coinglass)

5. In the past 24 hours, contract trading net outflows led by $DOT, $XRP, $ZEN, $LTC, $BEAT , indicating trading opportunities.

Top KOL Insights

Phyrex Ni (@Phyrex_Ni): “The most important thing today is the inflation data, which is quite good. CPI and core CPI year-over-year are unchanged, and core inflation monthly is below expectations, indicating a downward trend. November’s inflation was likely not just due to stagnation. If inflation continues to decline, it will help with rate cuts in 2026. Although December’s inflation data was good, it’s not enough to change the Fed’s decision to hold rates in January.”

“I understand why Bitcoin’s price rose today, but I suddenly noticed that trading volume of Bitcoin on the US’s largest compliant exchange surged significantly, indicating more US investors are buying, especially during US trading hours. Now, we need to look at ETF data. Today’s volume was definitely good, but whether it continues to grow along with ETF inflows remains to be seen.”

“If that happens, it’s possible that investor sentiment is starting to improve. But it’s still early, and we need to observe more, as overall monetary policy and macro conditions haven’t changed.”

“Looking at Bitcoin data, turnover has increased somewhat but not excessively. Recently, investors who have been bottom-fishing show strong turnover. The rising trading volume indicates increased buying interest. Tonight, the Supreme Court’s initial review of Trump’s tariffs will be a key event. I’ve analyzed this before; interested friends can check it out.”

“The chip market structure remains very stable, now back to the fifth support level, which is a good sign, showing support still exists. However, current support is a bit unstable and needs some time to stabilize.”

Today’s Outlook

1. China December trade balance (billion USD), previous value 111.68

2. China December M2 money supply (YoY), previous 8.0%

3. China December trade balance (billion USD), previous 792.57

4. US API weekly crude oil inventory change (10^4 barrels), previous -276.6

5. US November Producer Price Index (YoY), previous 2.7%

6. US November Retail Sales (MoM), previous 0.0%

7. US October Producer Price Index (YoY)

8. US EIA weekly crude oil inventory change (10^4 barrels), previous -383.2

9. EIA releases Monthly Short-Term Energy Outlook report

10. Fed Chair Powell speaks on economic outlook

11. Fed Board Member Milam speaks in Athens