Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

**Crypto Quick Update** As of January 16, Coinglass data indicates: - If Ethereum dips below $3200, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $802 million. - Conversely, if Ethereum climbs above $3400, cumulative short liquidation intensity across these major CEXs will reach $1.011 billion. **BlockBeats Note** Liquidation charts do not show the exact number or value of contracts being liquidated. The bars on these charts instead reflect the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "intensity." A taller liquidation bar means hitting that price level will trigger a more intense reaction due to a liquidity cascade.

Per Coinglass data as of January 16, Bitcoin (BTC) saw a total net outflow of 1,545.20 BTC from centralized exchanges (CEXs) over the past 24 hours. Leading CEXs by outflow volume were: - Bybit: 1,136.79 BTC outflow - Coinbase Pro: 912.59 BTC outflow - Gemini: 591.20 BTC outflow Binance topped the inflow list with a 1,313.42 BTC inflow.

January 16th: Per HyperInsight monitoring, whale address 0x72718 liquidated a 100 BTC long position at 11:56, incurring a $10,000 loss. The address currently holds no open positions and is in a wait-and-see stance. This address trades a range of assets—including mainstream coins like BTC and ETH, and meme coins such as ZEN and AVAX—with a short-to-medium-term profit-focused trading approach.

January 16 — X Platform updated its policies last night, revoking API access for the InfoFi app. This move has sent the Kaito platform’s native token, KAITO, plummeting. At press time, KAITO is down over 18% in the past 24 hours, with its market cap falling to $160 million. Notably, two weeks ago, a Kaito multi-signature contract address transferred 24 million KAITO tokens (valued at roughly $13.31 million then) to five addresses. On January 9, one of those addresses received 5 million KAITO and immediately sent the full amount (around $2.82 million) to Binance. The community has raised concerns that the Kaito team may have had advance knowledge of the API restriction and opted to sell off part of their holdings. Additionally, 1.1 million KAITO tokens are set to unlock tomorrow, with Kaito’s unstaking period being seven days.

Jan. 16 — Per GMGN monitoring data (via https://t.me/gmgnaibot?start=i_m4TE56o8), BSC-based meme coin Snowball rallied sharply on Jan. 15 and notched a new high this morning, posting a 273% gain over the past 24 hours. It hit a peak of $0.089 at one point and is currently trading around $0.079, with a market cap of $79.3 million. BlockBeats reminds users: Meme coins are highly volatile, typically fueled by market sentiment and hype, with no underlying value or real-world use case. Investors are advised to exercise caution.