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According to BBX data, yesterday global listed companies exhibited "high frequency and standardized" characteristics in expanding their crypto treasuries:Semler Scientific (NASDAQ: $SMLR): Yesterday, it used the ATM financing tool to acquire another 580 BTC, costing approximately $41.2 million. Its total holdings have now surpassed 1,500 BTC.Cosmos Health (NASDAQ: $COSM): The board passed a resolution to issue $20 million in special bonds for the purchase of BTC and ETH, accelerating the digitalization of its treasury through debt leverage.Solidion Technology (NASDAQ: $STI): Officially established financial guidelines to convert 60% of its redundant cash on the balance sheet into Bitcoin in batches, as a core strategy to hedge against the decline in fiat purchasing power.SOS Ltd (NYSE: $SOS): Confirmed that it has executed the first $15 million subscription of its $50 million Bitcoin and Ethereum investment plan, aiming to complete the entire allocation in the second quarter.Bit Digital (NASDAQ: $BTBT): Disclosed that it increased its holdings by 45 BTC yesterday through AI business profits, adhering to the endogenous growth logic of "business profits as reserves."

Coindesk analyst Omkar Godbole stated that Bloomberg has reaffirmed its prediction: Bitcoin could drop to $10,000------a price level not seen since mid-2020. Industry observers believe this prediction is overly absurd.However, on the largest crypto options trading platform Deribit, about $800 million in open positions are concentrated on $20,000 put options, betting that the price will fall below that level. This is the fourth most popular bearish bet on the platform. This indicates that some traders are preparing for a possible crash. But Deribit stated that not all positions are direct bets against a price crash.Deribit’s Global Retail Sales Head Sidrah Fariq said, "Most positions are more like selling put options rather than directional long hedges. Traders often sell out-of-the-money put options because the probability of reaching those levels is low." Meanwhile, Bitcoin has shown remarkable resilience, maintaining around $70,000 even as crude oil prices rebounded, pushing benchmark oil prices close to $100 in the early session, shaking traditional markets. Ethereum, XRP, and SOL have also remained strong, while HYPE tokens rose about 10% within 24 hours.Analysts say that excessive leverage is being cleared from the Bitcoin market, paving the way for price increases. Diana Pires, Vice President of Sales at crypto platform sFOX, stated in an email, "From a market structure perspective, this consolidation could be constructive, as reducing leveraged positions often lays a more stable foundation for the next wave of movement once clearer macro catalysts emerge."

The infrastructure developer behind Optimism, OP Labs, announced the layoff of 20 employees, accounting for approximately 19.6% of the total team. Jing Wang, co-founder of Optimism and CEO of OP Labs, stated in an internal letter that the layoffs are not due to financial pressure, as the company currently has sufficient funds and years of cash flow reserves. This move aims to "streamline operations, accelerate decision-making, and reduce collaboration costs."Currently, Optimism is undergoing a transformation. Last month, Base, the largest chain in the OP Stack ecosystem, announced a shift to a self-developed unified tech stack, which raised market concerns about Optimism's long-term sustainability, leading to a roughly 37% drop in the price of OP tokens over the past 30 days. Despite the challenges, OP Labs has established a roadmap for 2026, focusing on faster block times, native interoperability, custom compliance controls, and a zero-knowledge proof (ZK Proof) system aligned with the Ethereum roadmap. Additionally, OP token holders had previously voted to allocate 50% of Superchain sequencer revenue for token buybacks.

According to Jinshi, Federal Reserve's Williams stated that the economic fundamentals are solid and the job market is stabilizing.

Solid Intel stated that Australia has granted a license for a "regulated digital dollar" on the XRP Ledger, which will allow banks to use a compliant Australian dollar stablecoin for on-chain transactions.Relevant information shows that the Australian dollar stablecoin AUDD (issued by AUDC) has previously received AFSL authorization from ASIC to provide non-cash payment facilities, and AUDD can be used across multiple chains such as XRPL.

According to Bloomberg, Bitcoin has long been touted as providing something that other markets cannot: a 24-hour real-time barometer of global risk appetite. However, after news of the U.S. strikes against Iran, Bitcoin initially fell, then fluctuated, and ultimately rose. By Monday, its trading price was above the level prior to the attack, leaving almost no lasting signs of panic or safe-haven seeking.This trend reflects deeper issues. After falling about 50% from its historical peak, Bitcoin has been consolidating in a narrow range of approximately $60,000 to $70,000. Since the collapse of the crypto market last October, most leverage has been forced out. Retail participation has decreased, and capital inflows have weakened. In the context of overall lighter positions, the subsequent impact of new shocks has also been smaller.

According to Glassnode data, Bitcoin is currently consolidating between $62,000 and $72,000, and is expected to close down for the fifth consecutive month.Despite the weak market environment, the open interest (OI) in Bitcoin options has returned to historical highs, and is expected to surpass the peak of 550,000 Bitcoins set last December within a few days, further highlighting the importance of the options market.At the same time, the implied volatility (ATM IV) has retreated from its early peak, but remains above the levels of a month ago, with the market pricing the implied volatility for 1-month and 3-month terms at around 47%, about 10 volatility points higher than last month, indicating a steady demand from investors for protection.

Bitfinex Alpha's latest report indicates that Bitcoin has experienced the deepest pullback in this cycle, with volatility narrowing and momentum weakening, showing that the market is shifting from a liquidation-driven decline to a more balanced consolidation environment.On-chain data shows that most of the recent drop has been absorbed by the demand zone of $60,000 to $69,000, with these near breakeven holders not accelerating their sell-off, which helps stabilize prices and form a sideways pattern.Institutional fund flows remain cautious, with a net outflow of approximately $166 million from Bitcoin ETFs in a single week, and Ethereum-related products also seeing continued redemptions, indicating that sustained accumulation has not yet returned. Although weekend inflows provided initial stabilization signals, overall liquidity remains low. The realized profit-loss ratio continues to shrink to historically defensive levels, indicating limited capital expansion within the network.Derivatives positions have returned to normal, with funding rates trending neutral to slightly negative, reducing liquidation risks but also limiting the acceleration of upward movements.

Bitfinex Alpha's latest report indicates that Bitcoin is still consolidating in the $66,000–$70,000 range after its decline, marking the deepest pullback in this cycle. The volatility has narrowed and momentum has weakened, showing that the market is shifting from a liquidation-driven downturn to a more balanced consolidation environment.On-chain data shows that most of the recent decline has been absorbed by the demand zone between $60,000 and $69,000. These near breakeven holders have not accelerated their selling, which helps stabilize prices and form a sideways pattern. Additionally, institutional capital flows remain cautious, with Bitcoin ETFs experiencing a net outflow of approximately $166 million in a single week, and Ethereum-related products also seeing continued redemptions, indicating that sustained accumulation has not yet returned.Although weekend inflows provided initial stability signals, overall liquidity remains low. The realized profit-loss ratio continues to shrink to historically defensive levels, indicating limited capital expansion within the network. Derivatives positions have returned to normal, with funding rates trending neutral to slightly negative, which reduces liquidation risk but also limits the acceleration of upward movements.

According to The Block, K33 stated in its latest report that the drop of Bitcoin approaching $60,000 last week may indicate a local bottom. This round of sell-off has shown "surrender conditions" in the spot, ETF, and derivatives markets, including extreme levels of trading volume, funding rates, and options skew.Some indicators show that Bitcoin's daily RSI has dropped to 15.9, the sixth lowest since 2015, only behind March 2020 and November 2018; the Crypto Fear and Greed Index has fallen to 6, marking the second lowest point in history. K33 believes that Bitcoin may enter a consolidation phase in the range of $60,000 to $75,000, with reduced activity and a possibility of support retest, but the risk of a significant downward move below recent lows is limited.

At the "Build and Scale in 2026" themed forum recently held by ChainCatcher in Hong Kong, Spark co-founder Sam MacPherson delivered a keynote speech on "The Growth Engine of DeFi," systematically explaining how Spark builds an integrated solution to address the fragmentation and inefficiency of on-chain capital markets by integrating savings, lending, and institutional-level capital allocation.Sam MacPherson pointed out that the current on-chain capital market still faces challenges of severe fragmentation and low capital utilization efficiency. Spark builds its growth engine through three core products: first, the all-chain savings account Spark Savings, which has managed over $2.75 billion in deposits, providing users with a safe and stable income entry; second, the lending protocol SparkLend, which focuses on blue-chip assets and captures value by reducing external protocol commissions and protocol fees; third, institutional lending in collaboration with the Anchorage custodian, seeking risk-adjusted returns between DeFi, CeFi, and traditional finance.He believes that the next phase of DeFi's growth will rely on integrated protocols that can seamlessly integrate multi-chain liquidity, provide institutional-level risk control, and possess sustainable token economic models. Spark is promoting the evolution of DeFi towards a more efficient and robust direction through its product matrix and ecosystem development.

According to CoinDesk, based on limited historical trading activity and on-chain supply, the BTC price may further consolidate or retest lower ranges. Since the drop over the weekend, the price of Bitcoin has been confined between $70,000 and $79,999 for five consecutive days. Bitcoin has spent a total of about 35 days within this $10,000 price range, making it one of the shortest durations, indicating that the price tends to move quickly through this area rather than establishing sustained support or resistance.The price is more likely to consolidate within this range or move down again before establishing a more solid foundation. In April of last year, Bitcoin rebounded after spending only a few weeks below $80,000. Similarly, when it reached a high near $73,000 in March 2024, it spent a short time at that level before starting to decline. A notable example occurred in November 2024, when the price surged from about $68,000 to $100,000 within weeks, with almost no consolidation in the $70,000 to $80,000 range.MicroStrategy (MSTR), the largest corporate holder of Bitcoin, made only one purchase within this price range. On November 11, 2024, the company acquired 27,200 BTC for approximately $2 billion, at an average price of $74,463. Data shows that there is a supply gap between $70,000 and $80,000, indicating that this area remains structurally weak.

According to Jin Ten, during the Asian trading session, the Singapore dollar against the US dollar maintained a sideways consolidation, but the prospect of the Federal Reserve possibly keeping high interest rates for a longer period may put it under pressure.Analysts from CIMB International Treasury and Market Research pointed out that, given inflation remains high, Federal Reserve Governor Bowman and Richmond Fed President Barkin have both signaled that further rate cuts may take longer.

Matrixport released the latest analysis indicating that the core reason for Bitcoin's recent consolidation is the "lack of narrative." Data shows that Bitcoin spot ETFs have recorded net outflows for three consecutive months. Despite several U.S. wealth management firms gradually opening allocation channels, the new channels have not brought in corresponding incremental funds, and the overall ETF funding situation remains weak.Matrixport believes that the marginal demand from traditional finance (TradFi) may have reached a phase of saturation. In terms of timing, July was the last significant net inflow window, after which the momentum of funds has continued to weaken. The report suggests that Bitcoin may need a "narrative reboot" or a new core pricing theme to form substantial support in terms of funds and expectations, and to re-attract TradFi capital back; the current trend is more likely a phase of correction rather than a long-term trend reversal.

According to Jinshi reports, the Federal Reserve FOMC statement upgraded its assessment of economic activity, stating that it is expanding at a "robust" pace.

Bloomberg ETF analyst Eric Balchunas posted on social media, "Seeing some panic among Bitcoin holders (and the schadenfreude from bears) seems quite shortsighted to me. Since 2022, Bitcoin is up 429%, gold is up 177%, silver is up 350%, and QQQ is up 140%. In other words, Bitcoin's performance in 2023 and 2024 has left other assets far behind (but many seem to have forgotten this). Even if other assets later have 'the best year ever,' and Bitcoin is in a slump, they still haven't caught up to Bitcoin's performance. In my view, what is really happening is that the narrative of 'institutionalization' has been priced in by the market too early and too quickly, and this pricing was completed before it actually materialized. Therefore, Bitcoin needs a period of consolidation for reality to catch up with the previous price increases."

According to CoinDesk, the market shows that Bitcoin has fluctuated and consolidated after falling below $90,000. Analysts believe this decline aligns with the risk-averse sentiment in traditional markets, leading to an increase in risk aversion in the crypto market.Derivatives data shows that Bitcoin's 30-day implied volatility (IV) rose to 44.34 on Tuesday, while the open interest (OI) in the past 24 hours fell by 3.25% to $28.3 billion, indicating that traders with short positions took profits during this period. However, the funding rate generally remained positive throughout the sell-off.Additionally, Zcash's open interest decreased by 2.5%, while its price rose by 1.5%, indicating that holders of short positions have begun to reduce their bearish exposure since January 8.

According to Caixin, a person familiar with the technology of digital renminbi revealed that the digital renminbi's smart contracts are based on an account system, and they are essentially "condition-triggered automatic execution code," similar to smart contracts on public chains, with the difference being whether they possess complete Turing completeness.The smart contracts of the digital renminbi, based on the account system, are considered restricted Turing complete. Their programming is strictly limited to the template scripts permitted by the central bank, supporting only preset, simple condition-triggered functions. This design is primarily for security and risk control considerations.The development of digital renminbi smart contracts supports multiple programming languages, including Ethereum's Solidity and other fully Turing complete languages, so technically there is no issue. However, the core challenge lies in how to design a standard access and auditing mechanism that can be accepted by the financial system.

The Bitfinex Alpha report indicates that after Bitcoin rebounded from a low of nearly $80,800 in late November, it continues to test the key resistance zone of $93,500 to $95,000, with short-term price movements still constrained by factors such as inconsistent ETF fund flows.Currently, Bitcoin is entering a dense supply zone formed by buyers at recent highs, with a cost basis between $92,100 and $117,400. As the price returns to this area, holders looking to break even may increase selling pressure, creating significant resistance above or facing "profit-taking pressure," which may keep the market in a range-bound oscillation. The derivatives market reflects a cautiously optimistic sentiment, characterized by a coexistence of long-term bullish positions and short-term bearish hedges.