Bybit Launches Tether Compliant Stablecoin USAT

Crypto analyst Axel Adler Jr. says Bitcoin’s market has entered a critical decision zone, based on its price structure and derivatives market pressure index. The $86,400 support level now acts as the long-short battleground: a break below it could open a downside path toward the lower channel, while holding above signals a potential bottom build and reversal setup. Bitcoin’s derivatives pressure index is at extreme levels—but prices haven’t dropped in tandem. That points to two scenarios: either buyers are soaking up selling pressure at current levels (a bullish bottoming sign) or the market is coiling for a sharp drop once support fails. This disconnect between extreme pressure and price action is an anomaly worth watching closely. Overall, the market is in a tight balance: selling pressure is at its monthly high but facing resistance. This could signal strong support holding—or the final pause before a breakdown. Bitcoin is at a make-or-break point right now.

On January 27th, monitoring from HyperInsight (Telegram: @HyperInsight) shows the "Lightning Backhand" whale wallet 0x50b30 took two short positions: - 684.54 BTC shorted with 20x leverage, at an average entry price of $87,428.6, incurring an unrealized loss of $700,000; - 10,112.2 ETH shorted with 25x leverage, at an average entry price of $2,898.77, leading to an unrealized loss of $339,000. This wallet is known for rapid long-short flips, often opening large reverse positions immediately after closing existing ones.

On January 27, on-chain analyst Ai Auntie (@ai_9684xtpa) observed a "Smart Money" address making a move: one hour prior, it deposited 5,000 ETH from Binance to average down its position—four months earlier, the same address had purchased 10,870 ETH at an average price of $4,388.93. The current average cost for its 15,870 ETH is $3,930.27, resulting in an unrealized loss of $15.825 million. Notably, this address has a track record of past trades: it withdrew 32,416.5 ETH at an average of $1,865.68 between April and June 2023, and reportedly sold 30,878 ETH at $2,944.71 each between March 2024 and September 2025, realizing a profit of $33.318 million.

On Jan. 27, BitMine re-staked 100k ETH (≈$2.913 billion) over the past 12 hours, per data from The Data Nerd’s monitoring.

On January 27, HyperInsight monitoring data shows that Binance whale wallet "pension-usdt.eth" shorted 25,000 ETH with 3x leverage last week, at an average entry price of $2,927.33. While the whale saw notable unrealized profits yesterday, it has yet to close the position—currently sitting on an unrealized loss of $16,000.

Jan. 27 — Politico reports that Republican Sen. Roger Marshall has agreed to drop his credit card swipe fee amendment, which risked pitting the financial industry against major retailers and derailing progress on the Crypto-Currency Market Structure Act (CLARITY Act). Severe winter storms hitting multiple U.S. regions have forced the Senate Agriculture Committee to postpone its markup (originally set for Thursday) to Tuesday, Feb. 3. The bill aims to clarify how federal financial regulators would oversee the crypto industry, but fractures in bipartisan support have caused multiple delays in deliberations.