BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

As of January 13th, per HyperInsight monitoring (link: https://t.me/HyperInsight), a whale with an address starting with 0x717 liquidated a prior $6.5 million ETH long position near $3137 within the past half hour. Immediately after, the whale opened a new 20x leveraged ETH long position at $3125, with a position size of approximately $3.65 million. The current unrealized profit on this position is around $2,837.

On January 13, CryptoQuant analyst Axel took to social media to note that current market volatility has fallen to an extremely low level—one that often precedes a price breakout from a narrow trading range. Axel noted Bitcoin’s realized volatility has compressed to 23%—a threshold that rarely persists long statistically. Historically, such compressed volatility typically gives way to a sharp spike in volatility. Extended periods of extremely low volatility signal a delicate balance between supply and demand; in turn, the market usually enters an active phase of liquidity redistribution, with a notable expansion in its price range. That said, the indicator does not point to a breakout direction nor does it qualify as a trading signal.

**January 13 Update: PancakeSwap Proposes Cutting CAKE Max Supply to 400M** Official sources confirmed on January 13 that the PancakeSwap team has unveiled a new proposal to reduce CAKE’s maximum supply from 450 million to 400 million. The team noted the adjusted cap will be sufficient to support all the protocol’s future development needs. While there’s a ~50 million token buffer between the current circulating supply (≈350 million) and the new 400 million max, the team expects this reserve won’t need to be accessed. It may only activate the buffer in special circumstances. Notably, Pancake’s ecosystem development fund continues to grow steadily, currently holding ~3.5 million CAKE. These reserves will be prioritized for protocol needs before any additional emissions are considered—meaning the protocol is unlikely to return to an inflationary state.

January 13 "An"—the first Chinese meme coin on BSC to use a $1 stablecoin pool—launched today and surged sharply, per GMGN Monitoring (via their Telegram bot at https://t.me/gmgnaibot?start=i_m4TE56o8). It hit a peak market cap of $41 million, now standing at $34.7 million with a current price of $0.034. Notably, the rally came without any positive news or community-driven narrative. While monitoring platforms have found no linked risks, caution is still urged. Market analysts attribute the surge to potential institutional activity. BlockBeats reminds users: Meme coin trading is highly volatile, driven largely by market sentiment and speculative hype, with no real value or use cases. Investors should be mindful of the risks.

On January 13, per LookOnChain monitoring data, Ethereum co-founder Vitalik Buterin has once again sent a portion of unsolicited tokens he received, netting 9.4 ETH (roughly $29,400) in the past 30 minutes.