If Ethereum breaks $3100, mainstream CEX aggregate short liquidation pressure will reach $1.33 billion

On January 29, disclosures revealed that U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins told an interviewer “now is the time to allow” cryptocurrency assets to be included in 401(k) retirement account allocations—sparking market focus on the further integration of crypto into the mainstream financial system.

**BTC OG Whale Insider Agent Garrett Jin’s Crypto Market Take (Jan 29)** Garrett Jin, the “BTC OG Whale Insider” agent, posted on social media January 29th noting Bitcoin (BTC) and Ethereum (ETH) have recently lagged other risk assets notably. The main driver, he said, is the crypto market still being in its deleveraging cycle’s late stage and facing microstructural issues — not worsening fundamentals. He pointed out the wave of deleveraging since last October has wiped out leveraged retail positions, while AI stocks and precious metals have drawn a flood of speculative capital. Institutional involvement in crypto remains thin, leaving the market vulnerable to short-term narratives and controlled by a handful of exchanges, market makers, and speculative funds. Garrett emphasized over a 6-year horizon, BTC and ETH still outperform most assets; the current slump is just mean reversion within their long-term uptrend. With regulatory clarity improving, ample marginal liquidity, an

On January 29th, OnchainLens monitoring data shows a whale address (0xf6b) deposited 1.6 million USDC into HyperLiquid and opened a 4x leveraged long position on COPPER. The position size exceeds $4.47 million, with an opening price of $6.3595 and a liquidation price of $4.3512.

**CoinDesk: Metaplanet Plans $137M Raise to Expand Bitcoin Holdings** On January 29, Japanese publicly traded firm Metaplanet announced it will raise $137 million to boost its Bitcoin holdings. The company currently holds 35,102 BTC, making it the fourth-largest publicly traded firm globally by Bitcoin holdings. This move underscores its ongoing commitment to the “Bitcoin Reserve” strategy and strong confidence in BTC’s long-term value.

January 29 — The UK House of Lords’ Financial Services Regulation Committee announced Monday it has officially launched a probe into stablecoin growth and proposed regulatory frameworks, inviting public written evidence submissions. The investigation will focus on these key areas: ? Global stablecoin market and issuance trends since 2014, including comparisons between the UK, U.S., and EU markets ? Future outlook, user base, and use cases for GBP-denominated stablecoins in the UK, plus the impact of current regulatory rules ? Opportunities and risks of GBP- and USD-denominated stablecoins for the UK economy, financial services industry, and retail users — including potential effects on monetary policy, traditional financial intermediation, and financial crime ? Implications of stablecoin growth for the statutory objectives of the Bank of England (BoE), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) ? How the BoE and FCA’s proposed regulatory