CryptoQuant CEO: The Bull Market is Not Over Yet, No Need to Hurry to Determine the Cycle Top

On January 31st, as per Cointelegraph, seven members of UK gangs have been found guilty and sentenced to prison for the acts of kidnapping, torturing, and extorting a cryptocurrency investor. The victim was repeatedly targeted over a period of several months. They were attacked and forced to transfer cryptocurrency worth ￡100,000 (approximately $124,152). The incident started in January 2023 when the victim was approached at their home by a man who demanded a cryptocurrency transfer. Out of fear for their life, the victim transferred the funds to gang member Scott Armstrong. Later that same month, David Povey and another man returned and, this time, brandishing a knife, forced the victim to hand over more funds. In an attempt to stop the harassment, the victim chose to comply.

On January 31st, a board member of the European Central Bank, Lane, stated, "We are confident that inflation will stabilize at the target level as anticipated. Monetary policy will no longer be restrictive in the near future. I estimate that it will be during spring and summer." (FXStreet)

On January 31st, Andrei Grachev, a co-founder of DWF Labs, posted on social media, "I think the next stage of the convergence between traditional finance and cryptocurrency should be to offer a solution that enables customers to tokenize real-world assets (RWA) and utilize them as collateral for crypto transactions, and vice versa. Commodities, real estate, and stocks appear to be the most suitable initial choices."

January 31st. Based on official data, the Monochrome Physical Bitcoin ETF (IBTC) based in Australia held 308 BTC as of January 30th.

On January 31st, the analyst Adam from Greek.live posted on social media and said, "Today, 80,000 BTC options will expire and settle. The Put Call Ratio is 0.68, and the maximum pain point is $98,000 with a nominal value of $8.38 billion. 603,000 ETH options will also expire and settle today. The Put Call Ratio is 0.43, the maximum pain point is $3,300, and the nominal value is $1.96 billion." This week, the market has been relatively calm, mainly focusing on digesting the trading impact of Trump over the past three months. The monthly expiration volume accounts for nearly 30% of the total open interest. After the settlement, the open interest of quarterly options expiring at the end of March reaches 50%. Trump's presidency not only failed to bring the expected large influx of funds to the crypto industry but also led to market weakness due to meme issuance and slow policy releases. However, in the long term, there are still many bullish factors to look forward to. The Federal Reser

On January 31st, the Federal Reserve's "preferred" inflation indicator, the Core PCE Price Index, will be released tonight at 21:30. (Kryptonian)