Japan's 40-Year JGB Yield Hits 4% for First Time Since 2007 Issuance

As of January 20th, Polymarket odds show Bitcoin’s chance of hitting $100k in January has fallen to 21%. Additionally, the odds are 7% for reaching $105k, 18% for dropping to $85k, and 6% for falling to $80k.

On Jan. 20, on-chain analyst Ai Auntie (handle: @ai_9684xtpa) noted that a smart money entity—which previously netted $14.26 million from buying low and selling high on WBTC—has been accumulating 13,700 ETH since Jan. 1, 2024, with a total value of $43.91 million. Four hours ago, the same entity withdrew another 1,000 ETH from Kraken; this ETH is now held as collateral on Aave. The average entry price for this batch is $3,205, leading to an unrealized loss of $216,000.

**Shenzhen Cybersecurity Engineer Li Dong (Pseudonym) Targeted by Hunan, Henan Police Over Bitcoin** On January 20, 2024, Li Dong (a pseudonym)—a Shenzhen-based IT professional and cybersecurity engineer—was targeted by law enforcement in China’s Hunan and Henan provinces. Authorities discovered a large amount of Bitcoin in his crypto wallet, sparking investigations by police in Zhangjiajie (Hunan) and Changge (Henan). Initially, Li was suspected of **operating an online gambling ring**. Zhangjiajie police seized 103 Bitcoins from his digital wallet, which converted to over 49.61 million yuan (RMB). Henan police later seized 80 of his Bitcoins, worth over 40 million yuan on the market. A post-80s native, Li holds a degree in information security and worked in cybersecurity at major tech firms before moving to Shenzhen and founding a local tech company. His family stated he began trading stocks and crypto around 2016 and acquired some Bitcoin, but police later found his Bitcoin

Jan 20: On-chain analyst Wu Huan notes that during today’s Bitcoin price drop, the aggressive short trader added another 510 BTC ($47.3M) to their short position at 7 am today, pushing their total short exposure to $200M. Their BTC short is now just $1,600 away from liquidation, while their ETH short is $56 from its liquidation price. - 1,073 BTC short ($100M): Entry $92,469 | Liquidation $94,384 | Floating loss $280k - 31,093 ETH short ($100M): Entry $3,270 | Liquidation $3,246 | Floating profit $2.49M

On January 20, CryptoQuant founder Ki Young Ju posted that institutional demand for Bitcoin remains strong. U.S. custody wallets typically hold 100 to 1,000 BTC apiece. Excluding exchange wallets and miner addresses, this metric can serve as a rough gauge of institutional demand—including ETF holdings. Over the past year, institutions have added a total of 577,000 BTC (roughly $53 billion), with capital continuing to flow in.