What to know:
By Omkar Godbole (All times ET unless indicated otherwise)
Ah, Bitcoin! The digital darling that refuses to be tamed, now prancing above the $100,000 mark like a peacock in full display, all thanks to the SEC’s new task force. Who knew regulatory clarity could be the fairy dust for price appreciation? 🦄
And then there’s Gold, the old-timer, making a comeback from its December slumber, just a whisper away from $2,790 per ounce. How quaint! Usually, when Bitcoin throws a party, Gold sulks in the corner. But today, it seems they’re sharing a drink and laughing at the Fed’s hawkish December bias. Cheers! 🥂
Rumor has it that Trump’s tariffs are as light as a feather, and MacroMicro’s research suggests their inflationary impact was about as significant as a sneeze in a hurricane. Who knew economics could be so entertaining? 😂
In the grand circus of crypto, IntoTheBlock reveals that 80% of LINK holders are grinning ear to ear at the current market rate of $25.70. Resistance levels at $27 and $29 are like the bouncers at a club, keeping the riffraff out.
XRP, the shy performer, has slowed its dance between whale addresses and exchanges. Perhaps the big fish are taking a breather from their profit-taking spree. 🐋
Meanwhile, traders are buzzing with excitement, proclaiming, “We are so back!” after Bloomberg’s James Seyffart dropped the bombshell about ETF applications for coins like LTC, SOL, DOGE, and XRP. It seems both crypto and traditional markets are gearing up for a wild ride. Buckle up! 🎢
Token Talk
By Shaurya Malwa
- Uniswap is rolling out v4 this week, inviting builders to test their shiny new hooks and integrations. With a new architecture designed to cut costs, it’s like giving developers a golden ticket to the chocolate factory! 🍫
- AI16Z and AI Rig Complex’s ARC are on a rollercoaster, rallying over 30% on Tuesday, while GRIFFAIN and ZEREBRO are also enjoying the ride. President Trump has unveiled a $500 billion investment in private sector AI infrastructure. Who knew he was such a tech enthusiast? 🤖
Derivatives Positioning
- TRX, SHIB, PEPE, and DOGE are leading the charge in perpetual futures open interest. But TRX is the only one with a positive cumulative volume delta, showing it’s the popular kid on the block. 🏆
- Front-end call bias in BTC and ETH options on Deribit is moderating, while on the CME, call skew has jumped to heights not seen since the U.S. election. Talk about a political comeback! 🎉
- Block flows are featuring long positions in BTC calls at $110K and $115K strikes. It’s like a game of poker, and everyone’s going all in! 🃏
Market Movements:
- BTC is down 0.9% from 4 p.m. ET Tuesday at $105,161.32 (24hrs: +1.32%)
- ETH is unchanged at $3,312.58 (24hrs: +0.28%)
- CoinDesk 20 is up 0.6% at 4,000.99 (24hrs: +2.27%)
- Ether staking yield is down 28 bps at 3.3%
- BTC funding rate is at 0.0045% (4.9% annualized) on OKX
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2025-01-22 15:04