OnChainDetective

【Blockchain Rhythm】Another dramatic reversal.
According to on-chain data monitoring, a strategic counterparty address completed a stunning harvest on January 14th — first clearing $413 million in long positions, directly pocketing $14.5 million in profit. Then they changed their mind and turned to short.
This guy is not playing small. Currently using 20x leverage to heavily short, with a position size of: 315.89 BTC (equivalent to $30 million), 901.85 ETH (about $3 million), and 13,800 SOL (about $2 million). The account is currently facing a slight unrealized loss, but that’s clearly not what they’re really concerned about.
What’s even more interesting is the operational logic of this address. During a previous cycle when a major player was continuously increasing their BTC holdings, this guy had already started building short positions in BTC and ETH. At that time, their position size once reached...

Ethereum zkWASM Execution Layer Fluent Releases First "Press Collection" NFT Series, priced at 0.2-0.5 ETH, with issuance from January 15 to January 21. Early participants can receive 5% of the initial token supply and are incentivized through a linear unlock method to support the ecosystem. This NFT and token combination model is becoming increasingly popular in emerging projects.

Latest developments in the FTX bankruptcy case: a claims registration is scheduled for February 14, 2026, with distribution to begin on March 31. Meanwhile, a plan is underway to reduce the disputed claims reserve by $2.2 billion. If approved by the court, more creditors will have the opportunity to receive compensation.

Recently, a top-tier wallet purchased 2173.62 BNB at a price of 952.96 USDT, with a total transaction amount of 2.07 million USDT. This large transaction may indicate actions by institutions or major investors, as BNB is an important asset in the Binance ecosystem and is usually favored by whales. Such large transactions can impact market liquidity, and traders can use this information to gauge market sentiment.

The article discusses the similarities between the price movements of gold and Bitcoin (BTC), suggesting that both are dominated by supply and demand dynamics. After 2022, gold demand surged significantly, but prices rose slowly because existing holders sold to meet the demand. The situation with BTC is similar; ETF demand has long exceeded new supply, and the reason prices haven't skyrocketed is still due to reliance on existing holders selling. If demand persists, selling pressure will be exhausted, and prices will inevitably rise significantly.

At the beginning of the new year, the crypto market shows a strong upward trend. A BTC whale has realized gains of over $45 million, holding high-leverage positions and continuing to be bullish with no signs of reducing their holdings. This indicates that market participants are confident about the future market outlook.

The "CLARITY Act" has been criticized for setting strict compliance standards for exchanges and DeFi developers, with concerns that it ultimately benefits large institutions, suppresses the development of small and medium-sized enterprises, and weakens the space for decentralized innovation.

A founder of a leading exchange clarified on social media that Genius Trading and Aster are not competitors; the former is a trading aggregation terminal for perpetual contracts on DEX. Recently, investment firm YZi Labs invested over $10 million in Genius Trading, and the founder emphasized that the aggregation model is the trend in DeFi trading.

Old Glory Bank plans to go public through a SPAC merger, transforming into a digital bank and fully integrating into cryptocurrency. This move reflects the acceleration of traditional finance into the crypto space, demonstrating the gradual establishment of crypto assets' position in mainstream finance.

【Crypto World】Two key price levels for Ethereum worth paying attention to. According to Coinglass's liquidation data, if Ethereum can break through the $3,200 threshold, the liquidation strength of short positions accumulated on mainstream exchanges will surge to 5.33 billion. Conversely, if Ethereum drops below $3,050, the long position liquidation strength on major CEXs will reach 9.98 billion — a quite significant figure.
However, to be clear: the liquidation chart does not show an exact number of contracts or the specific value of liquidated contracts. The bars on the chart truly reflect the relative importance of each liquidation cluster compared to surrounding clusters — that is, the liquidation intensity. In other words, the liquidation chart is actually telling you how much the entire market will be affected when the underlying asset price moves to a certain level. The taller the bar, the more the market's liquidity wave will be when the price reaches that level.

After the December CPI data release in the United States, stock index futures generally rose. The market expects the Federal Reserve to continue cutting interest rates and increasing liquidity, which is positive for risk assets including cryptocurrencies, and the response was swift.

Recently, the Bitcoin market has shown signs of divergence: retail investors started selling after Bitcoin broke through $93,000, while large holders increased their holdings by more than 56,000 BTC. This phenomenon aligns with historical patterns and may indicate that a bull market is imminent. The future market trend is worth paying attention to.

When investing in Bitcoin, you need to consider three differences when choosing between an ETF and spot trading. Bitcoin spot ETFs trade during stock market hours and cannot be operated flexibly 24/7; additionally, management fees can affect long-term returns. Therefore, when making a choice, you need to weigh convenience against flexibility.

Polygon performed well this year, with fee revenue exceeding $1.7 million, destroying over 12.5 million POL tokens worth approximately $1.5 million. Polymarket's payment mechanism has driven revenue growth, demonstrating that prediction markets are becoming a key driving force. The token economic model is also gradually improving, benefiting long-term holders.

The Malaysian government has taken legal action against the X platform due to its AI tool Grok generating inappropriate content, leading to the platform being banned. This indicates that the regulation of AI-generated content is becoming increasingly prominent, and countries need to pay attention to legal boundaries. Additionally, AI tools should undergo local compliance checks, and similar cases may increase.