OSL trading moment: Bitcoin’s short-term correction triggers market volatility, but long-term growth expectations remain

Reprinted from panewslab

01/10/2025·1M

OSL trading moment: Bitcoin’s short-term correction triggers market
volatility, but long-term growth expectations remain

1. Market observation

Keywords: ETH, ETF, BTC

Recently, Bitcoin has pulled back sharply from its peak of $102,000, influenced by the strength of the U.S. dollar and rising U.S. Treasury yields. The price briefly fell below $92,000, causing most of the gains since the beginning of 2025 to be retracted, triggering $862.4 million in liquidations in the past two days. Despite this, large transaction volume increased by 9%.

There are clear differences in market views: on the one hand, senior trader Tone Vays chose to be "completely long" on Bitcoin after the correction, optimistic about the future market performance; on the other hand, some analysts believe that the Bitcoin bull market may be entering the later stages, and is expected to soon It will end. Meanwhile, other cryptocurrency markets, including Dogecoin and emerging Ethereum token WallitlQ, have had mixed results but still show the potential for explosive rallies.

Notably, the surge in open interest signals a possible further increase in market volatility. At the same time, Bitcoin also faces multiple challenges: the minutes of the Federal Reserve’s latest FOMC meeting showed that the pace of interest rate cuts may slow down, and the development of quantum technology also brings potential risks. However, market innovation continues to advance, and Bitstamp announced that it will launch Ripple's stablecoin RLUSD on the Ethereum network, reflecting the continued development of the cryptocurrency ecosystem. In addition, Fidelity Digital Assets predicts that Bitcoin will achieve mass adoption as early as 2025, injecting long-term development confidence into the market.

2. Key data (as of January 10, 12:10 HKT)

S&P 500: 5,918.25 points (+0.62% during the year)
Nasdaq: 19,478.88 points (+0.87% during the year)
10-year U.S. Treasury yield: 4.685% (+10.40 basis points during the year)
US dollar index: 109.291 (+0.68% during the year)
Bitcoin: $93,667.48 (+0.04% for the year), with daily spot trading volume of $62.77 billion
Ethereum: $3,255.38 (-2.52% during the year), with daily spot trading volume of $29.371 billion