Bitget Daily Digest (Jan.9)｜Zcash team mass resignations trigger ZEC oversold conditions; approx. $2.22B worth of BTC and ETH options expire today; U.S. initial jobless claims for the week ending Jan 3 came in at 208K

Today’s Outlook

 

1、According to Decrypt, major Wall Street trade group SIFMA held a private meeting with DeFi and crypto industry representatives to discuss differences in the Senate’s crypto market structure bill, with “progress” reported particularly on DeFi regulatory provisions.

 

2、Grayscale BNB ETF has completed registration in the state of Delaware.

 

3、Deribit: Approximately $2.22 billion worth of Bitcoin and Ethereum options expire today.

Macro & Hot Topics

 

1、Trump announced a $200 billion purchase of mortgage-backed securities aimed at lowering mortgage rates.

 

2、JPMorgan’s latest report suggests the recent crypto market sell-off may be nearing its end. Analyst Nikolaos Panigirtzoglou noted that outflows from Bitcoin and Ethereum ETFs began stabilizing in January, while futures positioning indicators show that investor deleveraging seen at the end of 2025 is largely complete.

 

3、World Gold Council: Gold gained 4% in December, pushing its year-on-year growth rate to 67%.

 

4、U.S. initial jobless claims for the week ending January 3 totaled 208,000, below expectations of 210,000; the previous figure was revised from 199,000 to 200,000.

 

Market Performance

 

1、Over the past 24 hours, total crypto market liquidations reached $415 million, with $337 million from long positions. BTC liquidations totaled about $128 million, while ETH liquidations reached approximately $98 million.

 

2、U.S. equities: Dow +0.55%, Nasdaq -0.44%, S&P 500 +0.01%. Additionally, CRCL (Circle) +1.49%; MSTR (Strategy) +3.18%; NVDA (NVIDIA) -2.15%.

3、Bitget BTC/USDT liquidation map shows the current price around 91,168. A dense cluster of long liquidations (high leverage, especially 50x/100x) sits in the 88,000–90,000 range; a breakdown could trigger a sharp downside move. On the upside, heavy short liquidation zones are concentrated between 92,000–96,000, where a breakout could spark a short squeeze and accelerate upward momentum.

4、Over the past 24 hours, BTC spot inflows totaled approximately $118.46 million, outflows about $118.66 million, resulting in a net outflow of roughly $0.2 million.

News Updates

 

1、xAI, backed by Elon Musk, reported further expansion in quarterly losses due to heavy spending on data center construction, talent recruitment, and software development ultimately intended for humanoid robots.

 

2、Morgan Stanley plans to launch a digital wallet this year to support tokenized assets.

 

3、Wintermute CEO: In 2025, only 4% of project investments passed internal screening, marking the end of the “spray-and-pray” investment era.

 

4、Analysis: The “10/11” crash forced market makers to hold large amounts of tokens, pushing market liquidity to its lowest level since 2022.

 

Project Developments

 

1、Polygon is nearing completion of its acquisition of Bitcoin ATM company Coinme, with the deal expected to be valued between $100 million and $125 million.

 

2、Trader Eugene: SOL is performing best among the three major coins and is being accumulated again.

 

3、SOL Strategies reduced its holdings by 3,503 SOL in December and currently holds approximately 523,100 SOL.

 

4、Sei warning: USDC.n holders must convert to native USDC before the planned upgrade.

 

5、21Shares will distribute staking rewards to its Ethereum ETF holders, with each share receiving $0.010378.

 

6、BlackRock deposited 2,164 BTC and 22,902 ETH into Coinbase Prime.

 

7、Zcash-backed organization ECC saw a mass team resignation; ZEC fell to a low of 381 USDT yesterday and is currently down 10% over the past 24 hours.

 

8、Zerion-incubated L2 network Zero Network has been inactive for over three weeks.

 

9、A Florida state legislator proposed House Bill 1039 to advance the establishment of a state-level Bitcoin reserve.

 

10、“On-chain part-time stock trader” opened 18 on-chain equity positions, with total holdings exceeding $66 million.

 

Disclaimer: This report is generated by AI and manually verified for information accuracy only. It does not constitute any investment advice.

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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