#我的2026第一条帖 Crypto Daily(01.11): Bitcoin Whales Concentrate on Reducing Holdings and ETF Continues to Experience Net Outflows, Raising Market Alerts

1. Market Dynamics and Capital Flows (Including Liquidations and ETF Fund Movements)
1. The Bitcoin market experienced a single-day liquidation amounting to $124 million, with over 70% of liquidations from long positions. Liquidations for BTC and ETH were $25.19 million and $17.09 million respectively.
2. US spot Bitcoin ETF funds showed significant fluctuations, with a total net outflow of $681.01 million last week. On January 7th, there was a weekly inflow of $69.725 million, but the week was mainly characterized by outflows. In December, net outflows exceeded $1 billion, and since the beginning of the year, net outflows have reached $209.87 million.

2. Bitcoin Whales/Large Holders' Behavior
1. The Bitcoin whale from 2010, after a year of dormancy, has awakened, transferring 2,000 BTC worth $181 million to Coinbase, employing a systematic long-term unwind strategy.
2. Large holders with 1,000 to 10,000 BTC have reduced their holdings by 220,000 BTC, marking the fastest reduction rate since 2023, possibly indicating market correction expectations.
3. A whale address opened a $36.27 million BTC long position on Hyperliquid, while simultaneously shorting ETH, SOL, and AVAX worth similar amounts, constructing a cross-asset hedge strategy.

3. Institutional and Bank Movements
CZ pointed out that US banks have continued to increase their Bitcoin holdings during market downturns, reflecting institutional confidence in BTC for the long term.

4. Market Technical Analysis and Trend Forecasts
1. Technical analysis suggests that in the short term, ETH breaking above $5,000 may be easier than BTC reaching new highs, as ETH has experienced a smaller rally from its bear market lows. The MACD indicator shows increasing bullish momentum, while BTC's bullish advantage is diminishing.
2. Brazilian exchange Mer Bitcoin predicts six major trends by 2026, including Bitcoin reaching 14% of gold market value, stablecoin market cap reaching $500 billion, alternative coin ETFs growing to $10 billion, and tokenized assets market expanding to $54 billion.

5. Industry Risks and Technological Developments
# The development of quantum computing may potentially break current encryption standards, threatening the security of Bitcoin and other digital assets. The industry needs to accelerate the adoption of post-quantum cryptography to address this challenge.