A whale is 3x long on LIT with leverage, currently unrealized PNL is -$2.84M

On January 15, crypto data platform CryptoQuant noted that Bitcoin’s derivatives market open interest (OI) has been steadily declining over the past three months—gradually reducing market leverage and laying the groundwork for a potential shift toward a bullish market structure. Since October 2023, Bitcoin derivatives OI has dropped 31%, a "deleveraging signal" that helps wipe out the market’s accumulated excessive leverage. The platform cited crypto analyst Darkfost, who stated: "Historical data shows this type of deleveraging phase often marks the formation of significant market bottoms, effectively resetting the landscape and building a more solid foundation for a potential bull market recovery." The analyst added that the current setup may mirror this historical pattern—but warned if Bitcoin continues to fall and fully enters a bear market, "open interest could contract further, signaling deeper deleveraging adjustments and a continuation of the corrective trend."

On January 15th, per monitoring from HyperInsight (link: https://t.me/HyperInsight), the "On-Chain Gold Maxi" trader closed a 10x leveraged long position in xyz:SILVER (silver-pegged) 3 hours ago, netting a $781,000 profit. Currently, the address still holds a 5x leveraged long position on 1500 PAX Gold (PAXG) tokens—with an average entry price of $4,415.46 and $270,000 in unrealized profit. It’s also heavily leveraged long on a basket of on-chain US stock tokens: Apple, Intel, Oracle, Micron Technology, AMD, and Palantir.

Per official sources, Binance Alpha will list Sport.Fun (FUN) on January 15. Eligible users can claim the associated airdrop using Alpha Points via the Alpha activity page once trading commences.

On January 15, market analysis firm Santiment noted in a social media post that despite Bitcoin’s price rebound this week, social media data reveals an interesting shift in sentiment: bearish volume continues to strengthen. Since market trends often run counter to retail investor sentiment, the strongest fear sentiment over the past 10 days could ironically push BTC back toward the $100,000 level.

January 15 – Blockchain infrastructure firm Global Settlement Network (GSX) has teamed up with Indonesia’s Globalasia Infrastructure Fund to launch a pilot project in Jakarta. The initiative will tokenize assets of 8 government-contracted water treatment plants, targeting up to $35 million in fundraising. Proceeds will fund facility upgrades, water distribution network expansion, and other improvements. Currently serving over 36,000 residents and delivering roughly 2,300 liters of clean water per second, these facilities are projected to generate over $15 million in revenue by end-2026. GSX plans to expand its asset tokenization program across Southeast Asia over the next 12 months, with a goal to tokenize $200 million worth of water assets.

On January 15, data from Farside Investors showed that U.S. Bitcoin spot ETFs recorded a total net inflow of $840 million on January 14. Breakdown by fund: - BlackRock’s IBIT: +$648 million - Fidelity’s FBTC: +$125.4 million - Bitwise’s BITB: +$10.6 million - ARK’s ARKB: +$27 million - Franklin’s EZBC: +$5.6 million - VanEck’s HODL: +$8.3 million - Grayscale’s GBTC: +$15.3 million