**[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).

[Vitalik-Linked Address Deposits 330 ETH to Paxos] According to monitoring, a Vitalik-linked address deposited 330 ETH to Paxos 11 hours ago, valued at approximately $1.02 million. This address previously received 50.1 ETH from Vitalik's public address vitalik.eth two years ago. This is the second time tokens have been deposited to Paxos since January 2025.