A trader closed a 4-day ETH short position, making a profit of $760,000

January 20th As reported by Cointelegraph, Bitcoin is fluctuating above $90,000, with multiple on-chain and sentiment indicators simultaneously flashing a "buy" signal. Market focus centers on whether the key support level will hold. On-chain data shows the Hash Ribbons indicator—calculated from the 30-day and 60-day moving averages of hash rate—signals the end of miner capitulation and entry into a recovery phase. Historically, this indicator has delivered buy signals after capitulation and ahead of significant price rallies. Capriole Investments noted the current range forms a "long-term buying opportunity," while On-Chain Mind called it "one of the strongest Hash Ribbons signals on record," often marking the end of forced selling. Sentiment-wise, the Fear and Greed Index has shifted positive. CryptoQuant data reveals a bullish "golden cross"—where the 30-day moving average crosses above the 90-day moving average. This pattern typically follows prolonged fear in a consolidati

On January 20, per EmberCN monitoring data, Trend Research today borrowed an additional 30 million USDT from Aave and transferred the funds to Binance. - Since November last year, the institution has been dollar-cost averaging (DCA) into ETH via leverage. It currently holds 626,000 ETH (valued at ~$1.94 billion) with an average cost of ~$3,186, and an unrealized loss of ~$50 million. - The firm’s total borrowings on Aave stand at $1 billion, representing approximately 2x leverage.

Jan. 20 — Official data shows total loans issued by decentralized lending protocol Aave from January 2020 through January 2026 have neared $1 trillion.

January 20th: Per Coinglass data, the crypto market dipped below $91,000 earlier today following a multi-day pullback. Currently, funding rates for mainstream BTC, ETH, and SOL across major CEXs and DEXs have moderated from bearish levels, returning to neutral territory. However, widespread bearish sentiment toward altcoins persists. Specific funding rates for top coins are shown in the attached image. **BlockBeats Note**: A funding rate is a fee mechanism for crypto perpetual contracts, designed to align contract prices with underlying asset values. It facilitates fund transfers between long and short traders—exchanges do not charge this fee directly. The rate adjusts holding costs or profits to keep contracts closely tied to spot prices. **Rate Benchmark**: - 0.01% = baseline - Above 0.01% = bullish bias - Below 0.005% = bearish bias

January 20th – Perpetual DEX (Perp DEX) open interest across platforms has declined over the past 24 hours amid a market downturn, per DefiLlama data. Hyperliquid, which retains the top spot in trading volume, saw its open interest drop by roughly 9% from yesterday. Key 24-hour metrics for major Perp DEXs: - Hyperliquid: ~$63.6B trading volume | ~$45.7B TVL | ~$87.7B open interest - Aster: ~$46.6B trading volume | ~$12.5B TVL | ~$26.1B open interest - Lighter: ~$33.6B trading volume | ~$10.7B TVL | ~$13.3B open interest - EdgeX: ~$28.2B trading volume | ~$4.27B TVL | ~$11.6B open interest - Paradex: ~$27.2B trading volume | ~$2.26B TVL | ~$6.41B open interest - Pacifica: ~$9.22B trading volume | ~$46.54M TVL | ~$82.95M open interest

Jan. 20: AIA surged over 40% in a short span, fueled by news of Binance listing its futures contracts, per market data. The token was last trading at $0.174.