GateNewsBot

ChainCatcher News: According to Golden Ten, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in January is 88.4%, with a probability of a 25 basis point rate cut at 11.6%. By March, the probability of a cumulative 25 basis point rate cut is 40.3%, the probability of maintaining rates unchanged is 55.4%, and the probability of a cumulative 50 basis point rate cut is 4.3%.

On January 8th, the US dollar index rose 0.11% to 98.683. Night trading data shows that the euro and British pound depreciated against the US dollar, while the US dollar appreciated against the Japanese yen and Swiss franc. The Canadian dollar slightly increased, and the Swedish krona depreciated.

ChainCatcher News, according to Jinshi reports, U.S. stocks closed on Wednesday with the Dow Jones Industrial Average initially down 0.94%, the S&P 500 down 0.34%, and the Nasdaq up 0.16%. Nvidia rose 1%, Intel increased 6.4%, and TSMC fell 2.6%. The Nasdaq China Golden Dragon Index closed down 1.58%, Alibaba dropped 2.7%, and iQiyi rose 5.4%.

ChainCatcher reports that the US stock market continues to decline, with the Dow Jones Industrial Average falling by 1%.

In the past 24 hours, total liquidations across the entire network reached $324 million, with long positions accounting for $245 million and short positions for $78.25 million. The liquidation cases for Bitcoin and Ethereum are also quite significant. A total of 99,066 people worldwide were liquidated, with the largest single liquidation amounting to $3,639,600.

ChainCatcher message, according to Gate market data, BTC/USDT is currently quoted at $90,979.1, with a 24-hour decline of 1.27%.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $95,845, the total liquidation strength of mainstream CEX short positions will reach $2.303 billion. Conversely, if BTC drops below $87,397, the total liquidation strength of mainstream CEX long positions will reach $1.59 billion.

ChainCatcher News, according to Coinglass data, if ETH breaks through $3,316, the total liquidation strength of long positions on mainstream CEXs will reach $1.616 billion. Conversely, if ETH falls below $3,010, the total liquidation strength of short positions on mainstream CEXs will reach $754 million.

ChainCatcher message, according to Arkham data, at 01:32, Galaxy Digital transferred 249,500 SOL (worth approximately $24.95 million) to Fireblocks.

BlockBeats News, January 8 — GMX announced that in the past week, it bought back and distributed approximately 16,800 GMX tokens from the open market. The staking annualized yield for the next 7 days is 11.94%. To date, a total of 2,031,625 GMX has been repurchased, with stakers earning an average annualized yield of 21.59%.

The crypto sentiment analysis platform Santiment指出, market participation interest is rising, focusing on Meme tokens like PEPE and DOGE, real-world assets (RWA), and ETF applications, indicating a dual drive of retail speculation and institutional investment, fueling the recovery of the crypto market.

ChainCatcher message, according to Arkham data, at 00:41, 21,200 SOL (worth approximately $2.88 million) was transferred from Wintermute to Fireblocks Custody.

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform stating that the decline since August last year and the two major liquidations in October and November have severely damaged the market. Bitcoin is currently unable to recover the critical resistance zone of $95,000-$96,000. On the other hand, various data points have not shown significant improvement, so it is premature to talk about a bull market. However, regarding options data, there has been a recent surge in large-scale purchases of call options, indicating a clear signal of stopping the decline.

BlockBeats News, January 8 — Crypto analyst Lennaert Snyder stated that the BTC price has fallen to around $91,000, and it also broke below the support level of approximately $92,155 on the 4-hour chart, confirming the downward momentum. The analyst mentioned that he is looking for shorting opportunities, with a final target price of around $87,600, the monthly opening price (setting two take-profit points during the process of reaching the low).
Additionally, BTC price has support around $90,500. If there is a strong rebound and reversal at this level, short positions will be closed. If BTC successfully breaks through approximately $96,500, it will turn bullish.

BlockBeats News, January 8th, Trump family crypto project WLFI co-founder Chase Herro stated, "I agree with Yili Hua's analysis of WLFI. We believe stablecoins have proven they will become the medium of exchange in the digital age. Based on this logic, we decisively decided to exchange WBTC for ETH! Yili Hua has indeed demonstrated unparalleled research and execution capabilities!"
Liquid Capital (formerly LD Capital) founder Yili Hua earlier today said, "2026 will be the first year of on-chain finance, with stablecoins and Ethereum being the most important infrastructure. WLFI today exchanging BTC for ETH is believed to be based on the same thinking. WLFI has three future paths: first..."

ChainCatcher message, Glassnode co-founder Negentropic posted on X stating that the key level for Bitcoin to break through is $94,700. If the daily closing price reaches this level, the probability of retesting the all-time high will significantly increase.
It is expected that the market will experience volatility this Friday, as the probability of tariffs being deemed unconstitutional exceeds 70%. The key lies in the details of the unconstitutionality.

Odaily Planet Daily reports that Glassnode co-founder Negentropic stated on the X platform that the key level Bitcoin needs to break through is $94,700. If the daily closing price reaches this level, the probability of retesting the all-time high will significantly increase. It is expected that the market will experience volatility this Friday because the probability of tariffs being deemed unconstitutional exceeds 70%, with the key being the details of the unconstitutionality.

In the past 24 hours, the entire network has liquidated $432 million, with $348 million from long positions and $83.98 million from short positions. Bitcoin long liquidations amounted to $122 million, and Ethereum long liquidations totaled $9.2164 million. A total of 112,166 people worldwide have been liquidated.