Viewpoint: US Dollar Could Face Further Downward Pressure

January 28 — Bitget market data shows U.S. crypto-related stocks were broadly higher in pre-market trading, with the following moves: - BitGo Holdings (BTGO): +0.22% to $13.80, down over 23% from its $18 IPO price last week - MicroStrategy (MSTR): +0.22% - Coinbase (COIN): +0.89% - Circle (CRCL): +3.1% - MARA Holdings (MARA): +0.1% - Riot Blockchain (RIOT): +0.85% - BitMine Immersion (BMNR): +0.58% - SharpLink Gaming (SBET): -0.1%

On January 28, Binance Alpha launched Moonbirds (BIRB). The token currently trades at $0.2 with a $58.7 million market cap. Eligible users will receive a 200-BIRB airdrop, valued at roughly $40 based on current pricing.

On January 28, data from Coinglass shows that funding rates across major centralized (CEX) and decentralized (DEX) exchanges have shifted market sentiment from bearish to neutral. Notably, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP are trading at a 0.01% funding rate on some platforms—hitting the baseline rate. Specific funding rates for key cryptocurrencies are detailed in the accompanying chart. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to align contract prices with the underlying asset’s spot price, typically applicable to perpetual contracts. They operate as a fund transfer mechanism between long and short traders; the exchange itself does not collect this fee. The goal is to adjust the cost or profit for traders holding contracts, keeping contract prices closely tied to the underlying asset’s value. A 0.01% funding rate marks the baseline. Rates above 0.01% signal a broadly bullish market, while rates below 0.005% indicate a generally b

On January 28th, per Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the wallet linked to a notable whale trader (0x894...) holds a total position value of ~$48.16 million, with a monthly profit of $2 million. The address has 5 on-chain equity positions and 1 copper futures position—**Nasdaq 100 and copper contracts make up ~79% of the total (roughly $39 million)**. Key profits come from Nasdaq 100 and Micron Technology (MU). Here’s breakdown of core holdings: - **10x XYZ100 (Nasdaq 100 Index):** Position size ~$21.18M | Avg. price $25,443.47 | Liquidation price $23,403.7 | Unrealized profit ~$579,400 - **10x COPPER (Copper Futures Mapping Contract):** Position size ~$17.82M | Avg. price $5.94 | Liquidation price $5.50 | Unrealized profit ~$82,400 - **5x PLTR (Palantir Technologies):** Position size ~$2.99M | Avg. price $165.47 | Liquidation price $152.00 | Unrealized loss ~$247,500 - **10x MU (Micron Technology):** Position size ~$2.59M | Avg. price $432.1

On January 28, Onchain Lens monitoring shows two whales increased their ETH holdings by 32,872 ETH, valued at roughly $98.74 million. Details below: - Whale address 0x0C4 received an additional 29,665 ETH from OKX, worth ~$89.1 million. The address now holds 44,774 ETH total, with an overall value of around $135.13 million. - An ETH staker withdrew 3,207 ETH (valued at ~$9.64 million) from Gemini for staking purposes.

On January 28, Binance CEO Changpeng Zhao (CZ) took to social media to note that recent organized attacks have targeted the "buy and hold" narrative—with numerous unrecognized accounts suddenly flooding the platform with nearly identical, copy-pasted tweets. Previously, CZ stated yesterday that few trading strategies outperform the simple "buy and hold" approach, urging users to hold through the crypto bear market. His comment, however, drew community pushback. @WazzCrypto cited data showing: "If you’d purchased every coin listed on Binance last year, your portfolio would be nearly zero." Responding to the criticism this morning, CZ clarified: "This strategy obviously doesn’t apply to all cryptocurrencies. It’s analogous to buying every internet or AI project/company—most will fail in any industry, but a handful of successful ones will see exponential growth."