According to IntoTheBlock data, the drop in Bitcoin price to $39,000 has had a significant impact on investor sentiment. Currently, about 23% of Bitcoin addresses are in a loss position, a significant increase from 13% a week ago.

Market data shows that BTC has surpassed $41,000 and is currently trading at $41,005.7, with a daily decline of 1.88%. The market is volatile, so please manage your risks accordingly.

According to market data, BTC has fallen below $40,500 and is now trading at $40,473.6, with a daily decline of 3.11%. The market is volatile, so please be prepared for risk control.

BitMEX co-founder Arthur Hayes expressed a pessimistic view on the future price trend of Bitcoin (BTC) in social media comments. Based on a Bitcoin price chart he shared, Hayes said Bitcoin looks very heavy and believes its price will fall below $40,000. As a result, he has started to short sell and purchased put options with a strike price of $35,000 expiring on March 29. Hayes further speculated that Bitcoin's decline may continue until the US Treasury Department's quarterly refinancing announcement on January 31.

Since 2020, MicroStrategy has primarily been a Bitcoin holding company. Yes, they engage in other activities, but the bulk of their business value stems from the Bitcoins they possess. During this period, MicroStrategy's stock (MSTR) has frequently outperformed Bitcoin (BTC).

The Bitcoin mining network has experienced meteoric growth, with an increase in hashrate of 104% in 2023. This rapid expansion raises concerns regarding its sustainability, both from an environmental standpoint and in terms of the mining network’s profitability. In this document, we aim to address both of these important issues. Our final results of the average cost of production per Bitcoin, post halving for each miner are listed below, highlighting the average cost of production is US$37,856.

Imagine a billionaire kidnapped a random person and said:  Here is a camera, banana, bicycle, sundress, and porcupine; you have one day to make a funny video using them all. I’ll upload it to YouTube, and if it gets “enough” views in the first day, I’ll give you $10B. If not, I’ll kill you and your closest twenty relatives. No, I’m not going to tell you my “enough” threshold. Go.

On January 1st and 22nd, BitMEX co-founder Arthur Hayes commented on the divergence of Bitcoin (BTC) and the S&P 500 index (SPX) on social media. He pointed out that since the launch of the Bitcoin ETF in the United States, their trends are no longer synchronized. Hayes suggests that the downward trend of Bitcoin may indicate future liquidity problems. He also emphasized that the next important time point to pay attention to is the US Treasury's refinancing announcement on January 31st.

On January 20th, Glassnode data showed that the implied volatility of Bitcoin options has reversed since mid-October last year. Since May 2021, as market interest weakened during the bear market, implied volatility has been declining for many years. However, this downward trend seems to have reversed recently, with implied volatility more than tripling from its low point in October, exceeding 97% this week.

Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in terms of assets under management (AUM) within just one week of trading, making Bitcoin the second-largest commodity ETF after gold. The Grayscale Bitcoin Trust ETF (GBTC) alone possesses around 619,000 bitcoins, contributing significantly to the overall AUM of Bitcoin ETFs. Silver has now been relegated to the third position in terms of AUM within the single commodity ETF asset class, with approximately $11.5 billion distributed across five ETFs. BlackRock Inc’s Bitcoin ETF has attracted over $1 billion in investor inflows, making it the first among the recently launched group of nine ETFs directly holding the cryptocurrency to surpass this milestone since their debut last week.