Market Overview - The cryptocurrency market experienced a significant downturn, with the total market capitalization shrinking to approximately $2.82 trillion, reflecting a 5.11% decline over 24 hours, and a trading volume of about $70 billion [1] - Bitcoin fell over 5%, dropping below the $85,000 mark, while other major cryptocurrencies like Ethereum and SOL saw declines exceeding 6% [1] - Over 227,000 traders faced liquidation, with a total liquidation amount of approximately $1.014 billion [1] - The Fear and Greed Index plunged to 16, indicating "extreme fear" among investors, leading to widespread sell-offs [1] Fundamental Analysis - Bitcoin (BTC) faces short-term collapse pressure, with economic risks in the U.S. and over $500 million in liquidations resulting in a market cap loss of about $10 billion [3] - There was a net outflow of $11.37 million from ETFs, indicating a slowdown in institutional demand, although long-term holders are increasing supply, providing some buffer [3] - Ethereum (ETH) shows weak fundamentals, with a rise in active addresses but a slowdown in DeFi and Real World Asset (RWA) adoption; staking withdrawals have cleared, and institutional staking reached $170 million [3] Policy Environment - Uncertainty in the policy landscape has increased, as the Federal Reserve announced on January 28 to maintain interest rates, aligning with expectations [4] - The focus is shifting to the new Fed chair and the 2026 policy outlook, amid geopolitical risks, such as fears of Trump attacking Iran, which are causing market anxiety [4] - There is a risk of a U.S. government shutdown, as federal funding is set to expire on January 30, which could exacerbate market volatility if Congress fails to pass a new budget [4] Technical Analysis - Bitcoin is currently consolidating around $83,000, having touched a low of approximately $81,000 earlier in the day before rebounding [5] - The cryptocurrency is in a downward trend on a weekly basis, with short-term support at the $80,000 level; a drop below this could see it fall to the $76,000 mark, a previous strong support level [5] - For Ethereum, a drop below $2,600 could lead to a decline towards the $2,000 level [5] Operational Strategy - The recommended approach is to focus on defense and observation, waiting for market panic to subside and clearer stabilization signals to emerge [7] - Short-term trading for Bitcoin can be considered within the $81,000 to $86,000 range, while Ethereum can be traded between $2,600 and $2,800, with a strict position control of 10% and proper stop-loss measures [7]

FxPro首席市场分析师Alex Kuptsikevich表示："加密货币如今已不再被视作法定货币的替代选择，也无 法对冲主要经济体不够稳健的财政政策风险。" 周五亚洲早盘交易时段，比特币一度跌至两个月以来的最低点。当前这一全球最大加密货币的市场情绪 持续低迷，投资者也纷纷从其交易所交易基金(ETF)中撤资。 周五，比特币价格一度大跌3.9%，触及81102美元，创11月21日以来新低，延续了隔夜加速下跌的走 势。目前其价格较去年10月6日创下的历史高点已回落超34%。据CoinGlass数据显示，过去24小时内， 全市场加密货币的多头头寸爆仓金额累计超15亿美元。 美国上市的12只比特币现货ETF已连续三个月出现资金净流出，若这一趋势持续至1月末，将创下这类 产品2024年推出以来，资金持续外流的最长周期。汇编数据显示，在此期间，这类基金的资金流出规模 累计约48亿美元。 比特币的颓势与近期黄金等贵金属的大涨形成鲜明对比：面对地缘政治的不确定性，避险资金纷纷远离 加密货币，转而涌入传统避险资产，这也让比特币被称作"数字黄金"的说法备受质疑。 在部分交易员看来，比特币此次下跌还只是开端，若看空情绪持续至周末， ...

Market Overview - Global markets experienced turbulence on January 30, with major indices such as Nikkei 225, Hong Kong stocks, and US futures all showing declines. Gold and silver prices plummeted, and Bitcoin saw a significant drop, leading to over 270,000 liquidations in the cryptocurrency market, totaling nearly $1.7 billion [1][2]. A-Shares Performance - A-shares showed mixed results, with the Shanghai Composite Index regaining the 4100-point mark, while the ChiNext Index rebounded after hitting a low. However, over 3,800 stocks in the market declined [1]. Sector Performance - CPO and optical communication stocks surged, with companies like Lian Te Technology and Tianfu Communication rising over 11%, and Changfei Optical Fiber hitting the daily limit. Conversely, industrial and precious metals sectors faced significant declines, with over 20 stocks, including Nanshan Aluminum and Tongling Nonferrous Metals, hitting the daily limit down [1]. Precious Metals Market - International precious metals saw a sharp decline, with gold prices dropping by 4% to below $5200 per ounce, marking a daily decrease of over $200. Silver prices fell over 5%, dropping below the $110 mark [1]. Cryptocurrency Market - Major cryptocurrencies continued to decline, with Bitcoin falling over 6% to below $82,300, and Ethereum and SOL dropping over 7%. In the last 24 hours, more than 270,000 traders were liquidated, with a total liquidation amount close to $1.7 billion [2]. Dollar Index - The US dollar index rebounded, rising by 0.44% to 96.58 as of 11:30 AM Beijing time [3]. Geopolitical Factors - Ongoing tensions in the Middle East are impacting global markets. US President Trump announced plans to engage in dialogue with Iran, and the market is closely watching the announcement of the next Federal Reserve Chair, which is expected to be revealed on January 30 [5].

免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 行情显示，新加坡时段比特币一度下跌3.9%至81,102美元，创2024年11月21日以来新低，较2025年10月 6日历史高点回落逾34%，市值蒸发约1.2万亿人民币。 12只在美国上市的比特币ETF过去三个月累计净流出48亿美元，若1月延续赎回，将刷新2024年产品上 线以来最长连续失血纪录。 观点网讯：1月30日，比特币在亚洲早盘跌至两个月新低，美国比特币ETF同步遭遇连续第三个月净赎 回。 ...

比特币周五亚洲早盘跌至两个月新低，加密货币市场情绪持续降温，投资者从比特币ETF中撤出资金。 比特币周五在新加坡一度下跌3.9%，至81，102美元，创11月21日以来最低水平，延续隔夜加速的跌 势。比特币已较去年10月6日触及的历史高点回落逾34%。 FxPro首席市场分析师Alex Kuptsikevich表示："突然之间，加密货币似乎不再是法定货币的替代选择， 也不再被看作对冲主要经济体金融政策风险的工具。" 责任编辑：于健 SF069 比特币周五亚洲早盘跌至两个月新低，加密货币市场情绪持续降温，投资者从比特币ETF中撤出资金。 比特币周五在新加坡一度下跌3.9%，至81，102美元，创11月21日以来最低水平，延续隔夜加速的跌 势。比特币已较去年10月6日触及的历史高点回落逾34%。 数据显示，12只在美国上市的比特币ETF连续三个月出现净赎回，净流出规模约48亿美元。若这一趋势 持续到1月底，将创下比特币ETF自2024年上市以来资金持续净流出最长的一次。 比特币的疲软表现与近期黄金等贵金属的飙升形成鲜明对比。面对地缘政治等风险因素，投资者青睐传 统的避险资产，这也令比特币可以充当某种"数字黄金"的 ...

Core Viewpoint - Bitcoin is experiencing significant downward pressure, reflecting its status as a high-risk asset amid a broader market sell-off, with prices dropping below $85,000 and a notable decline in other cryptocurrencies like Ethereum and Dogecoin [1][3]. Group 1: Market Performance - On January 29, Bitcoin's price fell below $85,000, hitting a low of $83,383.33, and closed at $84,480, marking a decline of 5.39% [1]. - Over 220,000 traders faced liquidation in the past 24 hours, resulting in a total loss of approximately $1 billion (around 70 billion RMB) [1][2]. - The total liquidation amount in the last 24 hours reached $1,006 million, with the largest single liquidation occurring on Hyperliquid at $31.64 million [2]. Group 2: Market Dynamics - The recent downturn in Bitcoin and other cryptocurrencies is exacerbated by a tightening liquidity environment and increased leverage liquidation, leading to mechanical selling pressure [2][4]. - Analysts indicate that Bitcoin and other cryptocurrencies are highly sensitive to liquidity conditions, with their performance closely tied to the dynamics of traditional markets, particularly the reversal of yen carry trades [3]. - Despite a 10% decline in the US dollar index (DXY) over the past year, Bitcoin has dropped 13%, indicating its failure to act as a safe haven during dollar weakness [3]. Group 3: Investor Sentiment - Investors are closely monitoring whether the $80,000 level will serve as a critical support for Bitcoin, as risk appetite diminishes and market volatility is expected to increase [4].

吴说获悉，据 OKX 行情数据，BTC 价格跌破 85000 美元，现报 84660 美元，24 小时跌幅 5.33%。ETH 价格跌破 2800 美元，24 小时跌幅扩大至 6.89%。 （来源：吴说） ...

Core Insights - Bitget Wallet has completed a strategic transformation into an integrated daily financial application, placing payment functionality at the center of user experience, coinciding with its global user base surpassing 90 million [3][4] - The shift reflects a broader industry trend where cryptocurrency wallets are evolving from investment-focused use cases to supporting everyday financial activities such as consumption, transfers, savings, and fund management [3][4] - The update emphasizes a "utility-first" approach, indicating a clear turning point in the crypto payment ecosystem, with significant growth in stablecoin transactions and mainstream crypto card usage [3][4][5] Company Developments - The Pay Center integrates crypto cards, QR code payments, bank transfers, and in-app shopping into a unified payment process, making Bitget Wallet one of the few self-custody platforms covering all major crypto payment methods [4] - The redesign features a streamlined interface aimed at reducing friction in daily financial operations, introducing a Dynamic Panel for real-time notifications and a Today's View for quick access to recent activities [4][5] - Bitget Wallet's CMO highlighted that the platform aims to provide an intuitive experience for users to perform savings, transfers, and payments globally, positioning the wallet as a daily-use crypto account [5][6] Industry Trends - Data indicates that stablecoin consumption and yield growth rates have outpaced trading, with crypto card spending increasing over 28 times year-on-year, and subscription for yield products nearing a tenfold increase [5][6] - The trends suggest that the adoption of cryptocurrencies is entering a new phase driven by the practical financial application value [6]

吴说获悉，SEC 主席 Paul Atkins 和 CFTC 主席 Mike Selig 接受 CNBC 采访表示，目前的首要任务是制 定清晰、明智的监管规则（即"rules of the road"）。他们认为，只要有了完善的监管框架来确保市场透 明度和投资者保护，加密资产就可以成为一种合法的投资类别。Paul Atkins 倾向于支持投资者拥有更多 选择权，包括在退休账户（如 401(k)）中配置另类资产（Private Assets）和加密货币的权利。 （来源：吴说） ...

Market Overview - The global cryptocurrency market cap is approximately $3.02 trillion, with a 24-hour increase of about 1.1% to 1.85% and trading volume between $37.5 billion and $70 billion [2] - Bitcoin experienced a rebound to around $89,000 but faced selling pressure, dropping to a low of approximately $87,500 before recovering above $89,000 [2] - Ethereum's price movement mirrored Bitcoin's, successfully breaking the $3,000 mark and currently consolidating around that level [2] - Altcoins like SOL also showed slight recovery, with increases ranging from 1% to 4% [2] - The Fear and Greed Index indicates a level of 29, reflecting a state of "fear" among investors, leading some to shift towards gold [2] Fundamental Analysis - Institutional demand is recovering, and after a period of leverage liquidation, small wallet purchases have increased, indicating a rise in long-term holders' supply [4] - The net inflow of funds into spot ETFs has shifted from outflows to inflows, providing strong support for the cryptocurrency market [4] - A statement from Trump expressing no concern over a weakening dollar has contributed to a significant drop in the dollar, further driving funds into the cryptocurrency market [4] Policy Environment - Uncertainty in the policy landscape has eased somewhat, with the U.S. abandoning tariff threats against the EU, which has positively impacted the market [5] - However, the postponement of the CLARITY Act and Coinbase's support withdrawal has intensified regulatory ambiguity [5] - Reports on money laundering and news regarding Russia's blockade of cryptocurrency news sites highlight global regulatory pressures [5] - Expectations of interest rate cuts by the Fed may stimulate the stock market, potentially leading to indirect inflows into cryptocurrencies [5] - In a low-growth, low-interest-rate environment, investor focus on market uncertainty may continue to drive funds into cryptocurrencies, enhancing the appeal of safe-haven assets like gold and cryptocurrencies [5] Technical Analysis - Bitcoin is currently consolidating around the $90,000 mark, having touched a low of approximately $88,700 and rebounding to a high of around $90,500 [6] - Although Bitcoin has broken the $90,000 level, it has not yet established a firm support, necessitating attention to potential pullbacks for confirmation before entering positions [6] - The upcoming Federal Reserve interest rate decision is anticipated to maintain current rates, but any changes in language or commentary could lead to market volatility, indirectly affecting the cryptocurrency market [6] Trading Strategy - For Bitcoin, a buy position is suggested around the $89,000 level, while for Ethereum, a buy position is recommended around $2,950 [7]