BTC breaks through the $94000 mark
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OKX-BTC/USDT is currently trading at $94043.30, with a 24-hour decline of 0.23%. Please be aware of market fluctuations.
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OKX-BTC/USDT is currently trading at $94043.30, with a 24-hour decline of 0.23%. Please be aware of market fluctuations.
[BSC Prediction Market Daily Trading Volume Exceeds $400 Million, Open Interest Reaches Record High of $150 Million] Crypto analyst defioasis.eth posted on the X platform that the daily nominal trading volume of the BSC prediction market has surpassed $400 million for the third time, with Opinion accounting for 86.7% of the total. Predict Fun's nominal trading volume hit a record high of $37 million, with daily fee revenue reaching a new record of $136,000. The open interest across the three major BSC prediction markets continues to hit new highs, with a total scale of $150 million, approximately double the size of Polymarket and Kalshi. After the end of the holiday events, Opinion's trading users and transaction counts had declined but have since rebounded from the lows.
**[Buffett Indicator Reaches 223%-230%, Hits Historic High]** On January 11, according to data from Barchart, the Buffett Indicator (the ratio of the total market capitalization of the U.S. stock market to GDP) is approximately 223%-224%, with some data sources showing it nearing 230%, marking a historic high. This surpasses the peak of the 2000 dot-com bubble (around 150%) and the post-pandemic high in 2021. The long-term average of this indicator is approximately 80%-100% (since 1970), with 100%-120% considered a reasonable valuation range. The Buffett Indicator is one of Warren Buffett's most valued metrics for assessing overall market valuation, often referred to as "the single best measure of market valuation."
[Bitfinex Whale Bitcoin Long Positions Reach 72,000 BTC] On January 11, crypto analyst CW pointed out that Bitfinex whale position data shows the platform's Bitcoin long positions amount to approximately 72,000 BTC, while short positions are only 286 BTC. CW mentioned that a similar situation occurred last April when Bitcoin was at its yearly bottom range of $74,000. CW believes the current position distribution indicates that Bitfinex whales are optimistic about the future market trend.
[Swing Smart Money Address Holdings Increase to 3,100 ETH] On-chain analyst Ai Yi (@ai_9684xtpa) monitoring shows that address 0x69b…0e378 has increased its swing trading holdings to 3,100 ETH this round. Five hours ago, the address withdrew 503.01 ETH from Binance for the third time. Over the past two days, it has accumulated tokens worth $9.543 million, with an average withdrawal price of $3,078.5. The 9.57 million USDT deposited into Binance two days ago has been fully used to build an ETH position.
[Anoma Co-Founder Claims Cosmos Ecosystem Is on the Verge of Extinction, Multiple Projects Shut Down or Transition] Anoma Co-Founder Christopher Goes stated that the Cosmos ecosystem is nearly extinct. Several projects have shut down (such as Penumbra), some projects have shifted to maintenance mode and redirected resources to other areas (such as Osmosis), and other projects have chosen to leave Cosmos (such as Noble).