Eugene: Shitcoin is Pointing the Way Forward for the Market
On January 2, trader Eugene Ng Ah Sio shared on his personal channel that altcoins are shaping the market’s future trajectory.
As previously reported, Eugene has taken long positions in Bitcoin and select small-cap altcoins. Right now, nearly everyone is on holiday—even “whales” are sitting on the sidelines and not biting. Bitcoin has failed to break below $84k, while overall market trading volume has dried up and sellers are largely tapped out.
A handful of large buyers entering the market would easily overwhelm the thin order book.
“Going long below $90k carries strong upside potential with a clear stop-loss level. I’d rather take a shot here now than hesitate at $95k or even $100k. Plus, historically, January tends to be a high-volatility month. I expect volatility to pick back up in some capacity once December wraps up.”
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Polymarket Prediction: Probability of "Bitcoin Reaching $100,000 in January" Currently at 27%
As of January 2, the probability of Bitcoin hitting $100,000 in January on Polymarket currently stands at 27%. Additionally, the odds of it reaching $90k are 91%, while the probability of it falling to $85k is 68%, and 30% for it dropping to $80k.
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Ethereum Deposit Sentiment Continues, with a CEX Net Inflow of 47,100 ETH in the Last 24 Hours
On January 2, Coinglass data shows that over the past 24 hours, total net inflows of ETH across centralized exchanges (CEXs) reached 47,100 ETH. The top three CEXs by inflow are:
- OKX: 42,100 ETH;
- Gemini: 7,363.01 ETH;
- Bybit: 4,880.12 ETH.
Additionally, Coinbase Pro recorded a net outflow of 4,463.51 ETH, leading outflows.
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If Ethereum breaks $3100, mainstream CEX cumulative short liquidation pressure will reach 629 million.
**Crypto Liquidation Alert: Ethereum’s Key Levels Tie to Massive CEX Liquidations**
As of January 2nd, Coinglass data shows:
- If Ethereum breaks above $3100, mainstream centralized exchanges (CEXs) could face **$629 million in cumulative short liquidations**.
- Conversely, a drop below $2900 would trigger **$972 million in cumulative long liquidations**.
**BlockBeats Note**:
Liquidation charts do NOT show exact contract counts or values. Instead, bars reflect how a liquidation cluster ranks in importance relative to nearby clusters (i.e., its "strength").
This means the chart signals how strongly a price level will react when hit: A taller "liquidation bar" indicates a more intense liquidity cascade (and price response) at that level.
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The "Cryptocurrency Asset Reporting Framework" will be implemented in 2027, with 48 countries launching crypto tax data collection efforts this year.
On January 2, 2027, the OECD’s Cryptocurrency Asset Reporting Framework (CARF) will officially go into effect. Before that, starting January 1, 2026, the first group of 48 countries has required local crypto service providers to begin collecting users’ crypto wallet and transaction data to prepare for future international tax information sharing.
Per the OECD, organizations taking part in data collection include centralized exchanges, some decentralized platforms, crypto ATMs, and brokers. CARF’s core goal is to boost tax transparency, fight cross-border tax evasion and money laundering, and make sure taxpayers meet their tax obligations regardless of where they trade crypto.
Along with the initial 48 countries, 27 more jurisdictions (including Australia, Canada, Switzerland, and others) will start collecting data in 2027 and join the information sharing system in 2028.
While CARF is officially intended for tax purposes, industry insiders note that the collected data could lat
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MGBX will list the ZAMA (Zama) pre-market trading pair on January 2nd.
**January 2, 2026**
Per official sources, MGBX will launch the ZAMA (Zama) pre-trading pair on **January 2, 2026, 18:00 SGT**.
Key Timelines:
- Deposit Open Time: TBD
- Trading Launch Time: January 2, 2026, 18:00 SGT
- Withdrawal Open Time: TBD
About Zama:
Zama is a cryptography firm building open-source fully homomorphic encryption (FHE) tools for developers. FHE enables data to be processed without decryption—a capability that powers privacy-preserving smart contracts on public, permissionless blockchains, where only authorized users can view transaction data and contract states.
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