Tom Lee: Dollar Weakness, Fed Dovishness Should Help Crypto; Deleveraging and Precious Metals Strength Cap BTC, ETH
On January 27, Tom Lee — chairman of BitMine and co-founder of Fundstrat — told CNBC in an interview:
"I think cryptocurrencies should have rallied amid a weak U.S. dollar and Fed-friendly backdrop, but since the industry has already deleveraged, it hasn’t seen that leverage-fueled push.
Meanwhile, as gold and silver keep climbing, the market will see FOMO (fear of missing out) — with funds favoring precious metals over crypto assets.
That said, this is just a leading indicator; historically, after gold and silver consolidate, it often sparks a rally in Bitcoin and Ethereum."
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Analysis: If Bitcoin continues to be seen as a risk asset, or is in an undervalued state
On January 27, CryptoQuant founder Ki Young Ju posted: “Gold, silver and Bitcoin are safe-haven assets. If the market still views Bitcoin as a ‘risk asset,’ it is undervalued.”
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「BTC OG Insider Whale」 Contract Liquidates $120M Long, Simultaneously On-chain Rolls $240M ETH Spot
January 27th — Per the Coinbob Popular Address Monitor, the "BTC OG Insider Whale" address has cut its long positions over the past 8 hours, reducing ~30,580 ETH longs and 427.3 BTC longs worth roughly $126 million. This partial sell-off resulted in a realized loss of ~$9.7 million.
Subsequently, the address withdrew ~$20 million in collateral and deposited it to Binance. Its total position size now stands at $679 million, with an unrealized loss of ~$49 million — remaining the largest on-chain long holder for ETH and SOL. Current holdings breakdown:
- 5x ETH Long: $560M position, avg price $3,161, unrealized loss $44.63M (-39%), liquidation price $2,157
- 10x SOL Long: $63.5M position, avg price $130, unrealized loss $3.06M (-48%)
- 5x BTC Long: $50.7M position, avg price $91,500, unrealized loss $1.72M (-17%)
Today, the whale’s on-chain address (0xcA0) continued borrowing stablecoins on AAVE, with $240 million borrowed so far. It has accumulated 148,000 ETH on the platfor
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Coinone denies it is in talks with Coinbase on equity sale.
January 27 – South Korean cryptocurrency exchange Coinone has denied holding talks with Coinbase regarding a stake sale, per Beincrypto.
A Coinone spokesperson stated that rumors of a stake sale are “entirely unfounded.” While the exchange has received collaboration proposals from numerous overseas exchanges and domestic companies, this is standard practice for engaging with various parties when evaluating business expansion opportunities. Interpreting these discussions as a stake sale is inconsistent with the facts, the spokesperson added.
On January 26, BlockBeats previously reported that Seoul Economic Daily noted Coinone’s majority shareholder and board chairman Cha Myung-hoon is considering selling a portion of his holdings. Cha collectively owns 53.44% of Coinone’s shares via his personal firm The One Group (3.430% stake) and his personal holdings (19.14%). Sources familiar with Coinone said the exchange is discussing equity investment and other collaboration plans with ove
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Solana co-founder changes X Account avatar to "Penguin" theme concept image, Meme coin PENGUIN surges over 17% briefly
On January 27, Solana co-founder Toly updated his Twitter profile picture to a Penguin-themed concept image.
Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_8Jx8AAHj86wbQgUTjGuj6GTTL5Ps3cqxKRTvpaJApump), this news may have sparked a temporary surge of over 17% in **PENGUIN**, a Solana-based meme coin.
PENGUIN currently has a market cap of $9,330 and a 24-hour trading volume of $80.6 million.
BlockBeats cautions that meme coin trading is highly volatile, heavily tied to market sentiment and hype cycles, with no inherent value or practical use case. Investors should be mindful of these risks.
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