#以太坊大户持仓变化 Large on-chain holders' stop-loss orders are more honest than any news The market move on January 8th directly exposed everything. The earlier logic of not rushing to buy the dip has been validated with real money today, making it very clear. **The bulls have collapsed** That big account previously holding 3.5 billion BTC long positions chose to cut losses and close positions today, placing a stop-loss order of $3.6 million. A few other familiar faces playing long on ETH also reduced their positions, with unrealized losses of several million dollars. What does this indicate? Confidence in high-leverage positions has completely evaporated. Once the stop-loss orders hit, the selling pressure in the market surged like a dam breaking, unstoppable. **The bears are laughing** Short-term traders like pension-usdt.eth just closed their $63 million ETH short positions, pocketing a profit of $393,000. They’re not suddenly becoming altruistic; they believe this shorting wave has eaten enough, and they’re ready to exit. What does short-term profit-taking mean? Short pressure may ease temporarily, but the trend is far from reversing. **This is the real sentiment** Market sentiment is declining, and the leverage tricks of the bulls are being exposed. The wallets of the whales are always the most honest signals—even the big players are fleeing, retail investors are still hesitating. **What to do next** Don’t blindly shout about buying the dip. On-chain data shows that shorts still dominate, but since some shorts have already withdrawn, it might give the market a breather or even a bounce. The problem is, as long as the leverage on the bull side isn’t fully cleared, any rebound is just a window to adjust positions, not the start of a new rally. **Keep an eye on these points** Can BTC hold the key support? This is a watershed moment. If it doesn’t hold, the next stop-loss wave will be even more fierce. ETH was also hammered today; watch whether its rebound can influence market sentiment. Keep monitoring the whales’ next moves—whether they shift to shorting or stay completely on the sidelines—they tend to act faster than us.

Wu said that Coincheck Group announced it has signed a share acquisition agreement with its major shareholder Monex Group to acquire approximately 97% of the shares of Canadian digital asset management company 3iQ. According to the agreement, the agreed valuation of 3iQ in this round of acquisition reaches approximately $112 million. The transaction is expected to be completed in the second quarter of 2026, pending regulatory approval and due diligence. Founded in 2012, 3iQ has launched North America's first listed Bitcoin and Ethereum funds, the world's first Ethereum staking ETF, and Solana staking ETF, among other innovative products.

#密码资产动态追踪 Third Trading Day of 2026 Wednesday Market Review Today’s continued short strategy performed well, maintaining a winning streak. During the day, the market mainly oscillated downward, and after the US stock market opened in the evening, volatility increased significantly, with precise positioning yielding substantial gains: ETH short position: Entry at 3298 → Exit at 3246, profit of 5036U ETH long position: Entry at 3203 → Exit at 3296, profit of 18604U ETH short position: Entry at 3269 → Exit at 3167, profit of 8228U BTC short position: Entry at 92807 → Exit at 91597, profit of 3632U Total daily profit: 35500U. This wave of market rhythm at the start of the new year was quite well grasped, laying a foundation for the full-year profit expectation. $BTC $ETH $PEPE these mainstream coins have large fluctuations, offering relatively ample opportunities. As long as market rhythm is continuously tracked, there is confidence in achieving the annual goal.