January 9 Market Dynamics
I. Macro Trends
1. Market Trend: The market surged, with BTC hitting a new high for the year.
2. U.S stocks soared while oil prices plummeted.
II. Market Highlights
1. BTC surged significantly. The approval of BTC spot ETF is imminent, with multiple institutions applying for ETFs and SEC hinting through tweets. If approved, it may spike before gradually falling back.
2. T, RIF, STX, BADGER in the BTC ecosystem have seen significant increases following the trend of BTC.
3.XAI is about to be listed on the secondary market; its competitor MAGIC has a market value of 300 million USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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MoreAnalysis: Bitcoin options with a notional value of approximately $23.8 billions will expire on December 26, potentially leading to concentrated liquidation and repricing of risk exposure at year-end.
Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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