Base Protocol Ecosystem Meme Coin MOLT Market Cap Temporarily Surpasses $7 Million, Reaching an All-Time High

**January 30th** Per the Coinbob Popular Address Monitor, a trader using a "long ETH vs BTC exchange rate" strategy took active steps at 5 AM ET today: they closed out all ETH long positions, shifted from a bullish ETH/BTC rate stance to a net short, and reallocated capital to expand BTC short positions—aiming to hedge against or prepare for broader market downside. Nine hours later, the market dropped as anticipated, generating sizeable profits from the short positions. Subsequently, the trader re-entered at lower levels during the market’s pullback bottom zone. Over the past 3 hours, they took profits on a portion of their closed BTC short positions and immediately used those funds to reopen ETH long positions, restoring the "ETH long/BTC short" hedge structure. The two positions have been rebalanced, and with the market rebound, they’ve locked in double-digit unrealized profits. Thanks to this round of active swing trading—exiting on the pullback and re-entering at lower

On January 30, Farside monitoring reported that U.S. Ethereum spot ETFs registered a net outflow of $155.7 million the day prior.

Jan 30: U.S. spot Bitcoin ETFs recorded a net outflow of $817.8 million yesterday, per Farside monitoring, marking the third straight day of net outflows.

Jan 30 — Per official figures, BTC/USDT trading volume on Binance hit $3.422 billion over the past 24 hours, signaling sustained high Bitcoin trading activity. Previously, Binance announced it would gradually convert the $1 billion stablecoin reserves in its SAFU Fund to Bitcoin, targeting completion within 30 days. Based on current volumes, this conversion amount equates to roughly 34% of the BTC/USDT volume recorded in the past 24 hours. Binance also noted that if Bitcoin price swings push the SAFU Fund’s value below $800 million, it will replenish Bitcoin to restore the fund to its $1 billion target size. The market is closely watching this development, as it could further bolster Bitcoin’s liquidity support and sentiment resilience amid ongoing market volatility.

On Jan. 30, Bitcoin rebounded to break above $83,000, with its 24-hour drop narrowing to 5.60%, per HTX market data.

On January 30, Binance announced it will gradually convert its $1 billion stablecoin reserve into Bitcoin, with the conversion set to finish within 30 days. If the market value of the converted assets falls below $800 million due to volatility, Binance will replenish BTC to restore the reserve’s value to $1 billion.