Yi Lihua: Trend is King, Bull Market Confirmed, Bears Face "Early Loss Small, Late Loss Big"

January 4th — Perpetual DEX (Perp DEX) trading volumes were relatively sluggish over the weekend, per DefiLlama data. Hyperliquid topped the list with roughly $30 billion in volume, while its open interest rose ~10% week-over-week; meanwhile, Variational and Paradex volumes continued climbing, now holding 4th and 5th positions, respectively. Below are key 24-hour metrics for select Perp DEXs: - Hyperliquid: ~$30.9B 24h volume | ~$41.8B TVL | $77.7B open interest [Link: https://app.hyperliquid.xyz/join/NTOD] - Lighter: ~$28.7B 24h volume | ~$12.7B TVL | $14B open interest - Aster: ~$25B 24h volume | ~$12.4B TVL | $26B open interest [Link: https://www.asterdex.com/zh-CN/referral/aboter] - Variational: ~$15.3B 24h volume | ~$66.18M TVL | $7.79B open interest - Paradex: ~$14.7B 24h volume | ~$1.7B TVL | $7.99B open interest - EdgeX: ~$13.9B 24h volume | ~$3.59B TVL | $8.03B open interest - Pacifica: ~$6.68B 24h volume | ~$42.89M TVL | $73.88M open interest [Lin

On January 4, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a whale—who has held ETH for four years before shifting to WBTC—swapped another 4,013 ETH for 138.04 WBTC in the past 5 minutes. The transaction is valued at $12.59 million, with the whale’s average WBTC entry price at $91,117.55. Since yesterday, the same whale has sold a total of 18,159.4 WETH and swapped it for 631.78 WBTC, totaling $56.8 million in combined value.

On January 4, per Ashes Monitoring: James Wynn—a prominent "bankrupt whale" who lost over $100 million on Hyperliquid six months ago—began going long on PEPE on December 27 with an initial $10,000 principal. He has been adding to his position using realized profits, and is now up $480,000. Following substantial gains on his PEPE position, Wynn opened a new 40x-leveraged long position on BTC 2 hours prior, with a position size of $5.06 million.

On January 4th, perpetual contract trading platform Pacifica (via https://app.pacifica.fi/?referral=pacbot) announced it’s rolling out increasing point bonuses for daily trading to reward ongoing trading activity. Analyst GloryFi (X: @0xGloryFi) — who’s already claimed this week’s bonus — notes the bonus ties to consecutive trading days: it grows by 2% daily, hitting a 10% boost over a 5-day stretch each week. Traders with more than 5 consecutive trading days this week qualify for a point bonus of over 23%. Trader Ron (X: @Ron521520) — who’s already earned points — says each point currently costs ~$0.3825. The platform’s running a 50% fee discount right now, and with the extra 23% point bonus, the per-point cost drops to roughly $0.15. Assuming the point program runs for 22 weeks with a 25% airdrop ratio, each point is projected to redeem for ~1.136 tokens. On-chain data analytics and copy-trading tool Coinbob has launched Coinbob Pacifica (@CoinbobPAC_bot) (via https://t.me/C

On January 4, per official sources, Binance Alpha will list Brevis (BREV) on January 6. Eligible users can claim the airdrop via the Binance Alpha event page using Alpha Points once trading goes live. Additional details will be released shortly.