Bitlight Labs X Account Suspected Stolen, Continuously Posting Suspicious Information

On January 6, CryptoQuant analyst Darkfost noted that despite Bitcoin’s recent rebound, realized losses still outweigh realized profits. Looking at weekly realized P&L averages, realized profits total $312 million while realized losses hit $511 million. Even as the market shows signs of warming, some investors are still opting to cut losses and lock in their losses. Historically, this type of “surrender sell-off” phase often signals the end of a correction cycle. That said, attention should still be paid to the intensity of this round of selling—it’s approaching levels seen in the prior bear market, which may indicate the market has completed a more substantial “cleanup,” laying the groundwork for a healthier market restart.

On January 6, monitoring by HyperInsight (via its Telegram channel @HyperInsight) shows the "BTC OG Insider Whale" holds a total long position size of approximately $818 million, with current unrealized profits of roughly $20.77 million. **Breakdown of positions and profits:** - 203,340 ETH long positions: $14.58 million in unrealized profits - 1,000 BTC long positions: $2.24 million in unrealized profits - 511,612.85 SOL long positions: $3.95 million in unrealized profits

On January 6, on-chain analyst Chain Wen reported that Ethereum’s Proof-of-Stake (PoS) staking withdrawal queue has been cleared—meaning no one is currently opting to unstake their ETH temporarily. For the staking queue, Bitmine’s large-scale deposits (768,000 ETH in the past 10 days) have pushed the total amount of ETH waiting to be staked to over 1.186 million ETH.

On January 6, Onchain Lens monitoring indicates a newly created wallet deposited 5 million USDC into HyperLiquid, opened 5x long positions on LINK and 10x long positions on DOGE, with a total position value of $28.2 million. Current unrealized losses are approximately $600,000.

On January 6th, on-chain data indicates Lighter has begun using protocol-generated fees to repurchase LIT. The Lighter Treasury account currently holds ~180,493 LIT from its buybacks, worth roughly $540,000.

NVIDIA announced on January 6 that its highly anticipated Rubin data center product will launch later this year, letting customers test the technology to accelerate AI development. All six Rubin chips have been delivered by manufacturing partners and passed multiple key tests, indicating customer deployment progress is on track as planned. The latest Rubin accelerator delivers 3.5x better training performance than the prior-gen Blackwell and speeds up AI software operations by 5x. The company noted Rubin-based systems will have lower operating costs than Blackwell-based ones, as they deliver equivalent performance with fewer components. Microsoft and other top cloud service providers will be the first to roll out the new hardware in H2 2024.