Analysis: Bitcoin Sell-Off Returns, Short-Term Selling Pressure at Its Strongest Since December 23

Per Coinglass data as of January 9th: - If Ethereum (ETH) drops below $3,000, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $902 million. - Conversely, if ETH breaks above $3,200, cumulative short liquidation intensity on major CEXs will reach $1.125 billion. BlockBeats Note: Liquidation charts do not display the exact number of contracts pending liquidation or their precise value. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to adjacent clusters—meaning "intensity." Put simply, the chart shows how strongly a given price level will impact the market. Higher liquidation bars indicate the price will trigger a more notable reaction at that level due to a liquidity cascade.

On January 9th, AI Auntie's monitoring indicates that address 0x6e1…90733 deposited 378.11 WBTC to Binance 7 hours ago, with the tokens valued at $34.3 million—suspected of being part of a liquidation. This batch was acquired on-chain between October 21 and 26, 2025 at an average price of $110,504. If sold in this transaction, it would result in a loss of $7.483 million, with a holding period of up to three months.

January 9th — The U.S. Bureau of Labor Statistics (BLS) will release the first 2026 non-farm payrolls (NFP) report tonight at 9:30 PM ET. Expectations call for a 60K increase in NFP, down from the prior month’s 64K reading. Non-farm payrolls track the change in U.S. non-agricultural sector employment (excluding farm workers). The data is derived from a sample survey of U.S. businesses, government agencies, and non-farm establishments. The U.S. Department of Labor (DOL) releases the report on the first Friday of each month, covering the prior month’s figures. Also scheduled for tonight: the U.S. December unemployment rate. Forecasts sit at 4.50%, down from the prior 4.60%.

On January 9, monitoring data from HyperInsight (via its Telegram channel at https://t.me/HyperInsight) shows that the long positions of "Brother Ma" Huang Licheng have widened their floating losses to $400,000—after previously hitting a floating profit of over $1.1 million. Current position breakdown: - 25x leveraged long on 9,800 ETH: Liquidation price = $2,978.30; Floating loss = $400,000 - 10x leveraged long on 272,000 HYPE: Liquidation price = $20.7599; Floating loss = $184,000

**Polygon Nears Deal to Acquire U.S. Bitcoin ATM Operator Coinme for $1B-$1.25B** Polygon is close to acquiring Coinme, a U.S. Bitcoin ATM operator, with a deal value pegged between $1 billion and $1.25 billion, sources familiar with the matter said on January 9. The transaction remains in a confidential stage. The acquisition is advised by investment bank Architect Partners. Coinme—one of the earliest Bitcoin ATM operators in the U.S.—rolled out its first compliant Bitcoin kiosk in May 2014. It now operates across roughly 49 U.S. states, supporting major cryptocurrencies at offline locations like supermarkets. Polygon closed a $450 million funding round in 2023, led by Sequoia Capital India. The potential deal is viewed as a key move for the firm to expand into crypto payments and offline access points.

On Jan 9, per GMGN market data, the Chinese meme token "I've Arrived" briefly topped $16 million in market cap to set a new all-time high. It has since retraced to $15.02 million, with a 24-hour gain of 483%. Binance Life's current market cap stands at $146 million, down 2.68% over the past 24 hours.