Cryptocurrency Fear and Greed Index Rises to 25, Market Still in 'Extreme Fear' Zone

**January 24** The UK Crown Prosecution Service (CPS) has ordered Sen Hok Ling—a key middleman in the Bitcoin fraud case involving Qing Zhimin (also known as Qian Zhimin or Zhang Yadi) and labeled a "professional money launderer"—to pay ￡5 million (approximately $7.6 million) to UK authorities within three months. Failure to comply could result in an additional maximum 8-year prison sentence. CPS notes Ling assisted convicted fraudster Qing Zhimin in transferring funds. Between February and April 2024, Ling received 83.7 Bitcoin (BTC) total and cashed out the proceeds via a United Arab Emirates (UAE) bank account and third-party channels. Ling pleaded guilty to one count of money laundering in November 2025 and was sentenced to four years and 11 months in prison. Qing, meanwhile, received an 11-year, 8-month sentence on two money laundering counts. Additionally, the final disposal of Qing’s 61,000 Bitcoin—Britain’s largest ever cryptocurrency seizure—is still tied up in rela

On January 24, BitMEX co-founder Arthur Hayes tweeted that if reports of Japanese authorities preparing to intervene in currency markets are accurate, it would be “extremely bullish” for Bitcoin (BTC). His reasoning hinges on this logic: The Federal Reserve creates bank reserves via “money printing,” then sells dollars to buy yen—indirectly intervening in the yen’s exchange rate. Hayes noted that if the Fed is indeed manipulating the yen, its balance sheet would show growth in the “foreign currency-denominated assets” line item—a figure verifiable in the weekly H.4.1 report. The comments come amid the yen’s biggest single-day jump in nearly six months, spurring market speculation about Japanese intervention. Additionally, some traders point to the New York Fed conducting a “rate check” with major banks, fueling questions about Fed involvement.

As of January 24th, data from GMGN monitoring (links: https://gmgn.ai/sol/token/i_m4TE56o8_8Jx8AAHj86wbQgUTjGuj6GTTL5Ps3cqxKRTvpaJApump; https://gmgn.ai/sol/token/i_m4TE56o8_8Jx8AAHj86wbQgUTjGuj6GTTL5Ps3cqxKRTvpaJApump) shows that Solana-based meme coin PENGUIN has surged sharply overnight and this morning. Its market cap has hit a new high of over $50 million, currently sitting at roughly $50.5 million, with a current price of around $0.05. BlockBeats advises users that meme coin trading is highly volatile, primarily driven by market sentiment and concept hype rather than real value or utility. Investors should be aware of the associated risks.

On January 24, Bloomberg Senior ETF Analyst Eric Balchunas noted that silver ETF SLV’s recent return performance has been “notably exaggerated”—yet its net inflows over the past six months total just ~$1 billion, which don’t align with its price gains. In contrast, Bitcoin spot ETF IBIT has pulled in over $6 billion in cumulative inflows even amid a roughly 24% price pullback. Balchunas calls this a “very good signal” for Bitcoin’s long-term outlook. He emphasized that while ETFs often attract capital when markets are favorable, only those that keep drawing inflows through a prolonged downturn and elevated volatility truly exhibit “real strength” as star ETFs.

Jan. 24 — Per ai_9684xtpa monitoring, major ETH holder 0x565…11e55 (who sold ETH on Jan. 22) has launched a new trading round: nine hours ago, he purchased 3,947.97 ETH on-chain at an average price of $2,991.91 (≈$11.91 million), now holding an unrealized loss of $135,000.

As of Jan. 24, Coinglass data shows centralized exchanges (CEXs) saw a net inflow of 1,445.66 BTC over the past 24 hours. The top three CEXs by net inflow are: - Binance: 1,742.35 BTC - Bitfinex: 1,063.94 BTC - Bithumb: 210.42 BTC Additionally, Bitstamp led net outflows with 892.07 BTC.