OSL Trading Moment: Trump’s inauguration triggered a wave of $1.28 billion in liquidations, analysts are optimistic that BTC will exceed $110,000

1. Market observation

Keywords: Trump, ETH, BTC

On January 20, 2025, on the eve of the inauguration of US President-elect Donald Trump, Bitcoin exceeded $109,000 and hit a record high. It is worth noting that Trump-related organizations have shown strong interest in cryptocurrency, and his family project World Liberty Financial purchased millions of dollars worth of Bitcoin hours before the inauguration. After taking office, Trump’s World Freedom Organization invested an additional $47 million in Bitcoin.

However, Trump did not mention Bitcoin in his inauguration speech. This unexpected situation caused market shocks and led to a liquidation of up to $1.28 billion in the cryptocurrency market. Bitcoin traders reacted cautiously and are generally waiting to see whether President Trump will issue an executive order that is beneficial to BTC. Although Bitcoin briefly pulled back to $99,000, analysts are still optimistic about its future performance and are expected to break through $110,000 to reach a new high.

At the same time, the Ethereum ecosystem is also actively developing. The Ethereum Foundation is exploring new options for staking ETH as payment for fees and has taken a major step toward supporting the decentralized finance (DeFi) ecosystem by transferring $165 million in ETH to establish a multi-signature wallet. Although the foundation took active actions, the price of Ethereum still fell by 2% due to weakening demand. However, market experts remain optimistic about its prospects, predicting that the price of Ethereum is expected to reach $14,000 by the end of 2025.

It is worth mentioning that El Salvador continues to adhere to its cryptocurrency strategy and continues to increase its holdings of Bitcoin. This move has triggered market speculation that the price of Bitcoin may exceed the $150,000 mark.

2. Key data (as of January 22, 10:10 HKT)

• S&P 500: 6,049.24 points (+2.85% during the year)

• Nasdaq: 19,756.78 points (+2.31% during the year)

• 10-year U.S. Treasury yield: 4.591% (+1.50 basis points during the year)

• U.S. dollar index: 108.12 (-0.32% during the year)

• Bitcoin: $105,908 (+13.38% for the year), daily spot trading volume of $82.18 billion

• Ethereum: $3,334.99 (-0.29% for the year), with daily spot trading volume of $30.88 billion

3.ETF flow direction (EST on January 21)

• Bitcoin ETF: +$140.64 million

• Ethereum ETF: +$18.11 million

4. Important dates (Hong Kong time)

• Second-hand house sales (23:00 on the evening of January 24)

• Actual: To be announced / Previous value: 4.15 million units / Expected: 4.16 million units

5. Hot news

MARA Holdings CEO: Working to bring strategic Bitcoin reserve program to 50 U.S. states and federal government

The Hong Kong Legislative Council has reviewed the Stablecoin Bill for the first time, and stored value facility licensed companies have participated in the sandbox

Circle has minted 2.5 billion USDC on Solana in the past 4 days

Trump's second son: Now is the best time to invest in the United States, betting on cryptocurrency and other fields

The U.S. Department of Government Efficiency updated its website LOGO from the Dogecoin logo to another illustration of a dog

Trump: Signed pardon for Ross Ulbricht, founder of darknet Silk Road

Trump responded to the coin issuance: I don’t know much about the TRUMP coin, I only know that I launched it

Trump: OpenAI, SoftBank and Oracle will invest $500 billion in artificial intelligence

U.S. SEC establishes cryptocurrency working group to develop regulatory framework

Kenya’s proposed law requires digital asset companies to set up local offices

Circle acquires Hashnote to enter the asset tokenization market

Bitstamp plans to launch regulated crypto derivatives trading service in Europe

KULR invested an additional US$8 million in Bitcoin, bringing its total holdings to 510 coins

Genius Group purchased an additional $5 million in Bitcoin, increasing its reserves to a total of 420 coins

MicroStrategy purchased an additional 11,000 Bitcoins, with a total value of approximately US$1.1 billion

Vitalik responds to the Ethereum Foundation controversy: The decision-making power is mine, and social media pressure is harmful to the development environment

A giant whale bought ZACHXBT of 7,000 SOL at an average price of $0.04043, making a profit of over $620,000.

The market value of counterfeit Barron Trump tokens once reached US$72.78 million and then plummeted 99%. The related X account has been frozen

Matrixport: If Bitcoin can hold its current key support level, it still has obvious upside potential in the short term

The Trump family’s encryption project WLFI has spent a total of US$220 million to buy 7 tokens, and currently has a floating loss of US$9.4 million.

Linea: Found 476,000 Witch attack addresses and will not airdrop them

Mark Cuban considers creating meme coin, sales proceeds will go to U.S. Treasury

Utah lawmaker proposes strategic Bitcoin reserve legislation

Trump ends speech without mentioning cryptocurrency

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