The Bank of Japan Keeps Interest Rate Unchanged, in Line with Expectations

On January 23rd, Castle Island Ventures partner Nic Carter took to X (formerly Twitter) to share: "X is now algorithm-driven, and the platform has traded off between boosting user engagement and preserving stable creator-fan connections. Right now, it’s prioritizing the former—hurting creators’ ability to consistently reach their existing audience, making it less predictable for users to reliably get content from their favorite creators, and rippling through niche communities like Crypto Twitter (a filter bubble)." Carter predicts future discussions and demands will center on "digital property," with a focus on algorithm transparency, creators’ right to reach their followers, and users’ right to receive content from the accounts they follow.

January 23rd: Per monitoring from HyperInsight (https://t.me/HyperInsight), trader 0x61cee opened a 20x leveraged short position on 226,100 xyz:SILVER (a silver-pegged token) at an average entry price of $89.72. The position currently has an unrealized loss of $2.026 million, with a liquidation price of $112.79.

On January 23, Glassnode released its weekly report noting Bitcoin remains in a low-participation phase—price moves are driven more by a lack of selling pressure than positive trading intent. On-chain data still shows a supply surplus and fragile structural support; while spot flows have improved slightly, they haven’t yet translated into sustained buy-side momentum. Institutional and corporate demand stays cautious: treasury flows are stabilizing, and trading activity is limited to sporadic trades. Derivatives participation remains subdued—futures volume is shrinking, leverage usage is relatively low, which further worsens market illiquidity and makes prices more reactive to small position shifts. Overall, the market seems to be quietly forming a bottom—but this consolidation isn’t from excessive participation or enthusiasm; it’s a pause in investor confidence as everyone waits for the next clear catalyst to reignite broader market engagement and momentum.

Bitcoin briefly topped $90,000 on Jan. 23, per HTX market data. It’s currently trading at $89,948, up 1.07% over the past 24 hours.

On January 23, BofA’s Global Fund Manager Survey showed fund managers’ cash holdings have fallen to a record low of 3.2%—indicating extreme bullishness among investors toward risk assets. (Barchart)

On January 23, Cointelegraph reported that approximately 70 billion South Korean won (equivalent to $47.7 million) worth of Bitcoin was stolen from South Korea’s Gwangju District Prosecutors’ Office, with authorities launching an investigation into the incident. Prosecutors uncovered the missing cryptocurrency during a routine asset seizure. The Bitcoin was stolen via a phishing attack after a staff member accessed a fraudulent website. The prosecution office declined to disclose the exact loss amount or the date the Bitcoin was seized, only stating it is “tracking the confiscated items and their whereabouts.” This incident comes days after South Korean customs authorities dismantled a large-scale cryptocurrency money laundering network earlier this week.