Bitcoin could trigger an estimated $1.489 billion in cumulative short liquidations on major centralized exchanges if prices rise above $97,000, Coinglass data show, as reported by BlockBeats on Jan. 21. A drop below $87,000 is associated with approximately $806 million in long liquidation exposure across these platforms. The liquidation chart reflects relative intensity rather than exact contract values, with higher bars indicating stronger potential liquidity reactions at those price levels.

US Treasury Secretary Bessent said on Jan. 21 that the recent market downturn was triggered by a six-standard-deviation move in Japan's bond market over two days, reflected in its 10-year government bond, BlockBeats reports. He noted the volatility is spreading across global fixed-income markets, with yields on German, French and US government bonds all rising. Bessent said he has been in contact with Japan's top economic officials urging them to stabilize their bond market, and reiterated the moves stem from Japan's bond market and are not connected to Greenland developments.

A whale closed an ETH short position on Jan. 21, realizing $1.312 million in profit, Hyperinsight data show. The trader then opened a 20x leveraged long position on 754.92 BTC (worth approximately $67.27 million). The position has an average entry price of $89,848.3 and currently carries an unrealized loss of $565,000.

Address 0xFB7…5e0A3 bought 20,000 ETH for $59.4M on Jan. 21, analyst Ai 姨 (@ai_9684xtpa) reports. The purchases were made via Wintermute and FalconX over 8 hours. The address took $1.51M profit two days prior and has accumulated $98.18M in ETH swing gains.

Galaxy Digital CEO Mike Novogratz said on Jan. 21 that disputes over stablecoin yield mechanisms could cause the broader CLARITY Act market structure legislation to fail, BlockBeats reports. He noted banks oppose crypto platforms offering yield to users despite explicit permission in the GENIUS Act, arguing rejection may reflect fear of disrupting the existing financial order. Novogratz said if the issue stalls the package, responsibility would fall primarily on the banking sector and Republican and Democratic senators backing it, with U.S. consumers becoming the biggest losers. Stablecoin yield accounts for about 18-20% of Coinbase's total revenue in 2025.

World Liberty Fi proposed allocating 5% of its unlocked WLFI treasury to boost USD1 growth on January 21, BlockBeats reports. DeFi^2, citing Bubble Maps data, alleged the top voting wallets were primarily controlled by the team or partners. The WLFI whitepaper states revenue is split 75% to the Trump family and 25% to the Witkoff family; WLFI traded at $0.1641.

Several large HYPE long positions were liquidated after the token fell below $21 on Jan. 1, HyperInsight data show. The largest long address (0x082e), described as a suspected HYPE listing insider whale, transferred $1,000,000 in margin to Hyperliquid last night after months of inactivity, lowering its average entry from $20.13 to $19.33; this position now stands at about $29,600,000 with an average price of $38.67 and an unrealized loss of $23,780,000. The second-largest long address was liquidated for an additional $7,010,000 yesterday, shrinking its HYPE long from $13,060,000 to $4,950,000 with an unrealized loss of $2,280,000 and an estimated next liquidation level near $20.6, while million-level whales starting with 0x666 and 0xa8c were also liquidated. A ten-million-level whale (0x1c2) saw a total of $10,640,000 in HYPE longs liquidated today and its ETH longs also wiped out, recording $2,320,000 in losses with only $320,000 left in the account before withdrawing. If HYPE drops further into the $20.3–$20.6 range on Hyperliquid, more than $23,000,000 in additional liquidations may occur for addresses starting with 0x433, 0x666 and 0xead, whose liquidation prices are clustered near that zone.

Anthony Scaramucci, CEO of SkyBridge Capital, said Bitcoin's long-term outlook remains intact and he hopes for a return to $125,000–$150,000, BlockBeats reports. Speaking at Davos on Jan. 21, he said the drop from last year's peak reflects consolidation and called himself cautiously optimistic.

Bitcoin's relative strength index versus gold has dropped below 30 for the fourth time, covering episodes in 2015, 2018, 2022 and 2025, BlockBeats reports. In the 2015 bear-market trough, the BTC-to-gold RSI fell under 30 before the 2016-2017 rally, while in 2018 Bitcoin declined more than 40% as gold gained nearly 6%, then BTC rebounded over 770% from its 2020 low after another sub-30 reading. A similar pattern emerged in the 2022 bear market, when Bitcoin fell close to 60% before outperforming gold after the RSI slipped below 30. From late 2025 to now, the indicator has entered the oversold zone for the fourth time, during a period when gold surged 64% in 2025 and added a further 10% in the first 20 days of this year.