The memes market cap experienced a sharp "flash crash" to $14.29 million, but has since recovered to $18 million.

On January 21st, per monitoring from HyperInsight (via https://t.me/HyperInsight), a whale liquidated an 84.37 BTC long position opened at 17:29 the same day, resulting in a $45,000 loss. The address currently holds no positions and is in a wait-and-see stance. Additionally, the address has recently seen frequent fund inflows and outflows, with its largest single deposit reaching 10 million USDC—signaling typical whale behavior.

On January 21st, monitoring by HyperInsight (via https://t.me/HyperInsight) revealed the "20 Million Bandit" address (0x880a...) executed a partial liquidation of its PAXG (on-chain gold) short position. The move reduced its 78.14 PAXG short by approximately $373,000. Post-reduction, the address’s total PAXG short position is now valued at roughly $1.494 million. The position currently holds a floating loss of ~$151,000 (a 50.66% loss), with an average entry price of $4,399.04 and a liquidation price of $61,360.732. Known for high-frequency, multi-currency arbitrage trading (average holding time ~20 hours), the address has accumulated nearly $100 million in realized profits since October 2023, starting with an initial capital of around $20 million.

Per EmberCN monitoring, on January 21, “7 Siblings” deposited 596,800 ETH (valued at roughly $1.765 billion) into the lending protocol Spark via 8 addresses, making them the platform’s largest depositor. They then borrowed 193 million stablecoins (including DAI, USDT, USDS) from Spark. Amid last year’s October-November market downturn, the group used those borrowed stablecoins to bottom-fish and acquire 49,287 ETH at an average price of $3,531. Currently, they hold an unrealized loss of roughly $27.7 million on this position. Additionally, addresses ranking 2nd through 7th, 10th, and 11th on Spark are all linked to “7 Siblings.”

As monitored by HyperInsight, a whale address (prefix: 0xa503) opened a new 30-BTC long position at 17:23 on January 21. The position has an approximate value of $89,300, corresponding to a notional value of ~$2.68 million. Currently, the address holds a 40x-leveraged BTC long position (30 BTC, ~$2.68 million notional) with an unrealized profit of ~$1,707 and a liquidation price of ~$86,000.

January 21 — Per Hyperinsight monitoring (via the Telegram channel at https://t.me/HyperInsight) — at 16:37 today, a whale address starting with 0x8d0 liquidated a long position worth ~$89,000, stopping out 81.29 BTC (equivalent to ~$7.24 million). The address currently still holds a 0.503 BTC long position with 20x leverage. The position is valued at ~$45,000, with an unrealized loss of ~$153.8 at current market prices, and an average entry price of $89,000.

**Jan 21 – QCP noted in its latest daily market analysis that global risk appetite has cooled sharply over the past week, with Japan’s bond market volatility and geopolitical tensions driving capital toward safe havens.** U.S. stocks at one point dropped more than 2%, while the global bond market faced simultaneous pressure. Japan has emerged as the center of current market anxiety. After years of ultra-low rates, its 10-year government bond yield has climbed to ~2.29%—a 1999 high—exposing severe fiscal fragility. Japan’s public debt exceeds 240% of GDP (total ~￥1,342 trillion), and debt interest payments are projected to make up ~25% of fiscal spending by 2026. The yield surge has sparked widespread doubts about the sustainability of Japan’s finances, with spillover effects on global bonds. U.S.-Europe ties have also grown tense again. The Trump administration imposed a 10% tariff on eight European countries opposing U.S. attempts to control Greenland, with plans to hike the