If Bitcoin drops below $88,000, the mainstream CEX long liquidation pressure will reach 638 million.

January 23 — Per GMGN Monitoring data (via https://gmgn.ai/bsc/token/i_m4TE56o8_0xf74548802f4c700315f019fde17178b392ee4444), the meme coin “memes” saw its market cap surge this morning from a low of $4.5 million to a peak of $13 million, rallying over 140% in the short term. Since then, it has pulled back slightly, now sitting at roughly $10.4 million with a price of ~$0.0104 per token. BlockBeats Note: Meme coins are highly volatile, driven largely by market sentiment and hype, with no underlying real value or practical use case. Investors should be aware of the risks associated with such assets.

Jan. 23 – A-share gold concept stocks extended gains on Monday, with China Gold and Yugang Gold-Lead hitting daily limit-ups. Related silver and nonferrous metals stocks saw four consecutive limit-ups, while Hunan Silver, Shengda Resources, Xiaocheng Technology and Sichuan Gold followed suit. On the news front, spot silver broke above the $99 mark, and spot gold is now less than $50 shy of the $5,000 level. (Source: Jin10)

On January 23, prediction market platform Polymarket faced widespread scrutiny from the crypto and media community after false information spread on its official X account. Investor DCinvestor noted they had unfollowed Polymarket’s official account—not over the platform’s product, but because it frequently posts large volumes of false information framed as "breaking news," which seriously misleads users. Journalist Rachel Karten also pointed out Polymarket’s official account "often publishes completely fabricated news," calling the phenomenon "very strange." A key point of the controversy was a "JUST IN" tweet where Polymarket claimed Jeff Bezos suggested Gen Z entrepreneurs should first work at traditional companies like McDonald’s or Palantir before pursuing entrepreneurship. Bezos himself directly replied to deny the claim, stating: "No. I’m not sure why Polymarket would fabricate this." The incident has raised market concerns about Polymarket’s information credibility a

Jan 23: OnchainLens monitoring shows "Buddy" (Huang Licheng)'s address has again deposited 250,000 USDC into HyperLiquid, continuing to scale up his ETH long position with 25x leverage. Current position breakdown: ~$12.11M in size, holding 4,100 ETH; entry price $2,944.95, unrealized profit $73,000, liquidation price $2,888.40.

As of January 23, Coinglass data indicates that centralized exchanges (CEXs) saw a net Bitcoin (BTC) inflow of 5,024.49 BTC over the past 24 hours. The top three CEXs by inflow volume are: - Binance: 4,039.50 BTC net inflow - Coinbase Pro: 715.17 BTC net inflow - Bitfinex: 441.94 BTC net inflow Additionally, Gemini recorded the largest net outflow at 468.36 BTC.

January 23 — Farcaster Founder Dan Romero Clarifies Platform Not Shutting Down, Addresses Market Rumors Addressing recent market rumors, Farcaster founder Dan Romero issued a clarification confirming the platform has not shut down. The protocol is currently operating smoothly and will continue running going forward. Data indicates Farcaster counted roughly 250,000 Monthly Active Users (MAU) in December 2025, with over 100,000 funded on-chain wallet addresses. Romero noted Farcaster’s acquirer, Neynar — a venture-backed startup — plans to steer the platform toward a more developer-centric direction moving forward, not discontinue it. Additionally, Romero touched on his other project, Merkle, revealing the team has decided to fully refund the $180 million it raised from investors. He added that over the past five years, the team has consistently strived to be a responsible steward of investor capital. Romero also clarified the funds used for real estate purchases came from Co