Market Performance: BTC briefly broke $93,000 (with a high of $93,388) and is currently consolidating near $92,600. ETH has stabilized at $3,100.

Liquidation Data: In the past 24 hours, the entire network saw liquidations of $260 million, with short positions accounting for $211 million. Shorts were severely liquidated in the first week of 2026.

Whale Activity: yperliquid data shows that the "BTC OG insider whale" has seen unrealized gains expand to $17 million. Major funds are shifting towards ETH and quality altcoins.

Policy Expectations: The CLARITY and GENIUS bills will be discussed this month. The internal restructuring of the SEC (Crenshaw's departure) indicates a complete shift in the compliance environment.

Monitor Basis Dividends: As rates rise again, quantitative strategies should focus on cash-and-carry arbitrage opportunities.

Beware of Overheated Bulls: With a short-term increase of nearly 7%, caution is needed to prevent institutional sell-offs at the Maduro court appearance.

Rebalancing Signals: Funds are flowing out of BTC, focus on the absorption capacity of quality altcoins.