10 #Bitcoin ETFs outflows 4,964 $BTC(-$458.3M) and 9 #Ethereum ETFs outflows 4,701 $ETH(-$15.21M) yesterday.

On January 24, Coinglass data shows Coinbase’s Bitcoin Premium Index has been in negative territory for 9 straight days, with the negative premium widening to -0.1399%. Over the past 30 days, the index has held negative for 28 days. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global market average. It’s a key indicator to track U.S. market fund inflows, institutional investment appetite, and shifts in market sentiment. A positive reading means Coinbase’s Bitcoin price trades above the global average, typically signaling: robust U.S. market buying pressure, active inflows of institutional/regulated funds, ample USD liquidity, and broadly optimistic investor sentiment. A negative reading means Coinbase’s Bitcoin price trades below the global average, typically reflecting: heavy U.S. market selling pressure, reduced investor risk appetite, a pickup in market risk aversion, or capital outflows

January 24, 2025 — International gold prices have surged more than 64% so far this year, marking the biggest annual gain since 1979. At this year’s World Economic Forum (WEF) annual meeting in Davos, central banks’ gold reserves, de-dollarization, and the Federal Reserve’s independence have emerged as core topics across multiple sub-forums. As Bridgewater Associates founder Ray Dalio noted, gold is growing into a more valued reserve asset for global central banks compared to U.S. Treasuries and other dollar-denominated assets. The ongoing central bank gold buying spree is reshaping the demand structure of the global gold market. IMF data shows the U.S. dollar’s share of global foreign exchange reserves has fallen below 60%, hitting a multi-decade low. A World Gold Council survey finds 95% of central banks expect to keep buying gold going forward. The market interprets this as a move to hedge deep-seated concerns over U.S. dollar credit using physical assets with “no soverei

Update (January 24): Per Coinglass data, Bitcoin has failed to break above $90,000 and is currently trading at $89,627. Currently, funding rates across major centralized exchanges (CEX) and decentralized exchanges (DEX) show a slight easing of bearish sentiment toward BTC and SOL, with some platforms returning to neutral rates. However, large-scale bearish sentiment still lingers for altcoins, as evidenced by the funding rates of specific major coins in the attached image. BlockBeats Note: The Funding Rate is a fee set by cryptocurrency exchanges to align contract prices with underlying asset prices, primarily used for perpetual contracts. It’s a funding transfer mechanism between long and short traders—exchanges do not collect this fee themselves. Its purpose is to adjust the cost or profit for traders holding positions, ensuring contract prices stay close to the underlying asset’s value. A Funding Rate of 0.01% serves as the baseline. Rates above 0.01% indicate generally bul

On January 24, Yi Lihua, founder of Liquid Capital (formerly LD Capital), addressed his long ETH strategy in a response to market questions. Regarding the query “ETH below its prior cycle peak while BTC is above its prior cycle peak?” Yi noted the crypto space is currently in a tightening cycle: even as BTC hits a new high, the broader market is underperforming, marking the toughest phase in the past four years. He’s bullish on a new bull run once the easing cycle kicks off, expecting ETH to outperform BTC (a trend seen in historical bull markets where ETH outgained BTC). When asked about “fearing further downside after buying ETH dips around $3,000?” Yi argued the four-year cycle pattern is no longer valid, calling the current moment the best dip-buying opportunity in crypto—especially for ETH. He highlighted huge growth potential in on-chain financial services for stablecoins and U.S. Treasuries, with ETH set to be the biggest beneficiary. On leveraged ETH position safety, Yi s

On January 24th, BitMine Chairman and Fundstrat co-founder Tom Lee told CNBC in an interview: “Crypto has always been hit by deleveraging. The ‘1011’ crash was a massive blow to the market—it’s the biggest deleveraging event in crypto history. This week, crypto was holding up well until the ‘Greenland’ statement dropped, sparking volatility in Japanese government bond yields and triggering crypto deleveraging. Unfortunately, I think crypto should’ve tracked gold’s trend to some extent, but we need to strip out the deleveraging effect first—that’s the real reason it’s under pressure right now.” “I still think crypto remains critical as a settlement layer, but that’s more of an Ethereum story tied to smart contracts, not Bitcoin. Bitcoin’s faced recent headwinds: some folks are worried quantum computing could steal from or hack into roughly a third of its old wallets. But I don’t think Bitcoin’s narrative is dead. It’s just waiting for regulatory clarity, and institutional adoption

On January 24, HyperInsight monitoring indicates that the "ZEC Largest Short" address (0xd475) partially closed out its ETH short position, reducing 1,055.93 ETH shorts worth approximately $3.02 million. After the reduction, the address still holds an ETH short position valued at $118.7 million, with an unrealized profit of around $11.04 million. This address is notable for building a massive ZEC short position: it began shorting ZEC when its price was $184, turning a $21 million loss into a profit.