Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

On January 4th, data from Coinglass shows that if Bitcoin **surpasses $93,000**, the total short liquidation intensity across major centralized exchanges (CEXs) will reach $528 million. Conversely, if Bitcoin **drops below $90,000**, the total long liquidation intensity for these same CEXs will hit $364 million. **BlockBeats Note**: Liquidation charts do not display the exact number of contracts to be liquidated or their precise value. Instead, the bars on these charts reflect how significant each liquidation cluster is relative to adjacent clusters—i.e., its "intensity." In short, liquidation charts illustrate how much the underlying asset’s price will be impacted when it hits a specific level. A taller "liquidation bar" signals the price will face a more intense reaction from liquidity flows at that threshold.

On January 4th, The Block reported that the cumulative trading volume of U.S. cryptocurrency spot ETFs has topped $2 trillion. Data shows the ETFs hit $1 trillion in trading volume on May 6 this year—16 months after their launch—while climbing from $1 trillion to $2 trillion in just roughly 8 months.

January 4th — Per HTX market data, altcoins posted a broad uptrend, with the following notable moves: - MYX: Trading at $6.703, up over 61% in the past 24 hours - CVX: Trading at $2.283, up over 32% in the past 24 hours - PIPPIN: Trading at $0.472, up over 26% in the past 24 hours - GUN: Trading at $0.01426, up over 18% in the past 24 hours - RENDER: Trading at $1.824, up over 17% in the past 24 hours - PROMPT: Trading at $0.066, up over 15% in the past 24 hours (Note: Uses concise, market-standard phrasing common in U.S. crypto news, with clear bullet points for readability.)

On January 4, the official WeChat account of the Shanghai People’s Procuratorate disclosed a virtual currency-related money laundering case. The Baoshan District Procuratorate in Shanghai cracked a local underground money laundering ring by seizing and prosecuting suspects. The ring used virtual currency to cross-border transfer illicit funds, with total illicit funds involved reaching 1.8 billion yuan. In response to complex new-type money laundering crimes involving underground banks and virtual currency, the Baoshan District Procuratorate guided public security organs to trace fund accounts, clarify fund sources and uses, collect electronic data, and conduct accurate, effective prosecutions—fully ensuring the quality and efficiency of case handling.

**January 4th — Per HyperInsight (Telegram: @HyperInsight) monitoring, a new whale address (0x7110) deposited ~$5.5 million into Hyperliquid over the past 24 hours, then opened low-leverage long positions on BTC, SOL, AAVE, and JUP. The total position size now stands at $12.03 million.** **Notably, the timing of the fund transfer and JUP position opening aligned with news that Jupiter Genesis is considering halting JUP buybacks — suggesting the whale may be betting on long-term JUP upside.** **Current positions for the address:** - 3x BTC Long: $8.91M position size, $7,149 unrealized gain, $91,000 average entry price, $62,000 liquidation price - 3x SOL Long: $1.26M position size, $19,000 unrealized gain, $134.40 average entry price, $90.58 liquidation price - 3x JUP Long: $1.15M position size, $2,175 unrealized loss, $0.212 average entry price, $0.148 liquidation price - 3x AAVE Long: $720,000 position size, $5,410 unrealized loss, $164.20 average entry price, $116.10 liq

On January 4, Cointelegraph reported that Bitcoin (BTC) held firm, stabilizing around $90,000, despite U.S.-Venezuela geopolitical tensions hitting a climax in the early hours of Saturday. The token briefly dipped below $90,000 that day but quickly rebounded above the level. Market analyst Micha?l van de Poppe noted that BTC is currently trading above its 21-day moving average. Holding above this short-term support level could signal further upside for the token in January. Notably, BTC has stayed stable amid recent geopolitical unrest—significant because risk assets like Bitcoin typically see sharp declines during geopolitical crises or macroeconomic headwinds. Jamie Cox, managing partner at Virginia-based Harris Financial Group, said the broader market’s reaction to the Venezuela situation is likely limited, and market-moving news could emerge from Sunday’s OPEC meeting.