Insight: Bitcoin On-Chain Demand Still Weak, Stronger Demand Needed to Return to $100K

On January 8, Binance Alpha launched the second round of its Bless (BLESS) airdrop for claiming. Users with at least 251 Alpha points can claim 2,500 BLESS tokens on a first-come, first-served basis. If the reward pool isn’t fully distributed, the points threshold will automatically drop by 5 points every 5 minutes. Note: Claiming the airdrop will consume 15 Alpha points.

As of January 8, MistTrack monitoring shows the attacker (address starting with 0x93A0) behind the Upbit hack— which caused roughly $36 million in losses— is continuing to transfer funds to Tornado Cash. To date, 1,400 ETH has been sent.

On January 8, Sotheby’s International Realty—the luxury real estate arm of auction house giant Sotheby’s—released a report outlining the evolving state of the global luxury real estate market and the key economic policies and factors shaping it. The report notes that cryptocurrency’s impact on luxury home purchases is growing, particularly in markets like Dubai, New York, and California. Regulatory tweaks could allow cryptocurrency assets to be considered for mortgage eligibility.

On January 8, monitoring data from HyperInsight (via its Telegram channel at https://t.me/HyperInsight) shows that the long positions held by "BTC OG Whale Insider" have flipped from profitable to unprofitable. The total position size is approximately $796 million, with an unrealized loss of around $5.27 million as of now. The breakdown is as follows: - 203,340 ETH long positions: Unrealized loss of $6.14 million - 1,000 BTC long positions: Unrealized loss of $1.36 million - 511,612.85 SOL long positions: Unrealized gain of $2.23 million

On Jan. 8, 21Shares announced via Globenewswire that it will distribute income from ETH staking to holders of its Ethereum exchange-traded product (ETP), the 21Shares Ethereum ETF (ticker: TETH). Under the plan, TETH shareholders will receive $0.010378 per share, with the payout scheduled for Jan. 9, 2026. ### Notes on U.S. language/formatting adjustments: 1. **Date abbreviation**: Used "Jan. 8" (standard U.S. press shorthand, not full "January 8th"). 2. **Concision**: Replaced "according to Globenewswire" with "via Globenewswire" (more direct for news briefs). 3. **Term clarity**: Added "ticker: TETH" (U.S. financial content typically labels ETF symbols explicitly). 4. **Flow**: Split long sentences into two concise paragraphs (common in U.S. news alerts). 5. **Vocab**: Used "payout" (casual, widely understood synonym for "distribution" in U.S. finance context). 6. **Consistency**: Capitalized "21Shares" (brand name standardization) and clarified "ETP" (exchange-traded

On January 8, per Onchain Lens monitoring, BlackRock transferred 2,164 BTC (valued at $195.12 million) to Coinbase, along with 22,902 ETH (worth $71.43 million), and may make additional transfers.