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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.

ChainCatcher message, according to Jinshi report, U.S. Treasury Department advisor Lavorgna stated that the Federal Reserve should continue to cut interest rates.

ChainCatcher News, according to GMGN data, the Solana-based Meme Coin FISH reached a new all-time high today with a market cap of over $12 million. Currently, the market cap is $8.5 million, with a 24-hour trading volume of $7.8 million and a 24-hour increase of 35.7%. The coin's inspiration comes from the character in the international bestseller "The Rainbow Fish."
Its recent popularity originated from the well-known parody account Rainbow Fish on the X platform — this account, after four years of silence, suddenly returned and engaged in meme interactions on the afternoon of January 1. Subsequently, a token with the same name appeared on Pump. fun, which drove speculation on FISH and related Meme Coins on Solana. The market cap once surged from about $70,000 to $700,000 within a day, with growth

The Meme coin FISH on the Solana chain has surpassed a market capitalization of $12 million, reaching a new all-time high with a 24-hour increase of 35.7%. Its popularity is driven by the return of the well-known account "Rainbow Fish" on the X platform. Investors should be aware of the market volatility and risks associated with Meme coins.

Renowned bankrupt whale James Wynn experienced 12 liquidations in the past 24 hours, incurring a loss of $541,000. The ETH long position is floating at a loss of $94,000. The current ETH and PEPE long positions' values and opening statuses have been listed.

Odaily Planet Daily reports that Hong Kong-licensed virtual asset trading platform EX.IO announced that it has received official approval from the Hong Kong Securities and Futures Commission to operate virtual asset over-the-counter (OTC) trading services under the existing virtual asset trading platform license framework. The OTC trading service has now been officially launched and is open to eligible investors. The initial supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), USDT, USDC, USDTTRC20, and other cryptocurrencies, as well as fiat currencies such as USD and HKD. (Hong Kong Wen Wei Po)

Polymarket has reached a partnership agreement with Dow Jones to provide predictive data to its media outlets for display in publications such as The Wall Street Journal. This is Polymarket's first media collaboration, while its competitor Kalshi has already signed similar agreements with CNBC and CNN.