Odaily News He Yi posted on the X platform, stating that some community users initiated a "withdrawal campaign." However, following the launch of this action, the asset volume in Binance addresses actually increased. Periodically initiating withdrawals from all trading platforms is indeed a very effective stress test, but it's important to carefully verify addresses during the withdrawal process to reduce the risk of operational errors, as blockchain transfers are typically irreversible once completed. He Yi also mentioned that she is learning to view everything with a positive mindset. For example, a price drop could be an opportunity to acquire high-value assets at a lower price, while FUD can raise awareness of Binance among those who were previously unfamiliar with it. She also emphasized that the related views do not constitute investment advice.

Odaily News Uniswap founder Hayden Adams posted on the X platform, stating that the main issue with describing Rollups as "parasitic" is that these projects undertake a significant amount of arduous and expensive engineering work to scale Ethereum. In the Rollup-centric roadmap, this work is intentionally outsourced to them. If Ethereum wishes to be more independent, it needs to adopt a serious engineering-driven approach, rather than treating every problem as a research problem.

Odaily News Bitwise CIO Matt Hougan published a lengthy post on the X platform, stating that the market has been in a crypto winter since January 2025, and it may be nearing its end. Bitcoin has fallen 39% from its all-time high in October 2025, and Ethereum has fallen 53%. This is a full-blown crypto winter triggered by factors such as excessive leverage and OG profit-taking. Crypto winters typically last about 13 months. For example, Bitcoin peaked in December 2017 and bottomed in December 2018; subsequently, it peaked again in October 2021 and bottomed in November 2022.

He believes the current "winter" began in January 2025, but this fact was masked by inflows into ETFs and Digital Asset Treasuries (DATs). He categorized assets into three groups for analysis:

1. The first group (BTC, ETH, XRP), which received significant ETF/DAT support, fell only 10.3% to 19.9%.

2. The second group (SOL, LTC, LINK), which had ETFs approved during 2025, fell 36.9% to 46.2%.

3. The third group (ADA, AVAX, SUI, DOT), which did not receive ETF support, fell 61.9% to 74.7%.

Data shows that during this period, ETFs and DATs collectively purchased 744,417 bitcoins, worth approximately $75 billion. Without the support of these funds, the retail market has been in a brutal winter since January 2025.

Finally, he stated that positive news is ignored in a bear market but is stored as potential energy. When market sentiment normalizes, this energy may be released powerfully, and a strong market rebound is expected soon. Subsequent positive catalysts depend on strong economic growth triggering a risk-on rally, the benefits of the CLARITY Act, sovereign adoption of Bitcoin, or simply the passage of time.

Odaily News According to reporter Eleanor Terrett, a Democratic staffer stated that the atmosphere of the relevant meeting held today was "positive," describing it as "the most productive Democratic meeting to date." Chuck Schumer also attended the meeting, emphasizing the importance of industry participation and calling for maintaining the momentum of legislative advancement to facilitate the passage of the bill as soon as possible.

Although Democrats still have clear demands regarding certain provisions, attendees generally believe that this legislative effort, which was once considered "on the verge of being shelved" weeks ago, is currently "far from over," and prospects for advancement still exist.

Odaily According to data, over the past 30 days, approximately 81% of crypto trading volume came from derivatives. Trading activity is highly concentrated on a few large centralized exchanges, with Binance continuing to lead the pack with a total trading volume exceeding $2 trillion. OKX's spot trading volume has declined, but its derivatives trading still reached $670 billion. Analysis points out that although spot trading often dominates market discussions, it is actually derivatives trading that drives market scale, liquidity, and price discovery. (CoinMarketCap)

Odaily News A survey released by the digital asset conference CfC St. Moritz indicates that crypto investors and executives are shifting their capital allocation focus from decentralized finance (DeFi) towards core infrastructure development. The survey, based on responses from 242 attendees of an invitation-only event in January, included institutional investors, founders, executives, regulators, and family office representatives. The results show that 85% of respondents ranked infrastructure as their top investment priority, placing it above DeFi, compliance, cybersecurity, and user experience.

Liquidity shortages are seen as the industry's most pressing risk, with market depth and settlement capabilities identified as key bottlenecks limiting large-scale institutional capital inflows. Although most respondents hold positive expectations for revenue growth and innovation by 2026, the anticipated pace of radical innovation has decreased compared to last year, suggesting investors are now more focused on practical execution than speculative innovation. In terms of industry trends, capital is increasingly flowing towards core facilities such as custody, clearing, stablecoin infrastructure, and tokenization frameworks, while consumer-facing application development is receiving relatively less attention. The survey reveals that approximately 84% of respondents believe the macro environment is generally favorable for crypto development, but existing market infrastructure is still insufficient to support massive capital inflows. Overall, institutional investors are shifting their strategic focus from high-risk applications to the foundational elements necessary for the long-term sustainable development of the crypto market. (Cointelegraph)

Odaily According to a post by market analyst "COINDREAM" on the CryptoQuant platform, the proportion of Bitcoin UTXOs in loss has re-entered the 27-30% range, showing a high similarity to the decline pattern observed in May 2022. This indicator suggests that a significant number of market participants have shifted from profit to an unrealized loss position. The analysis points out that this range is not a simple bear market signal but a critical decision zone for market pressure: if it breaks above 30% and sustains, it could trigger further declines; if it stagnates and retreats within the 27-30% range, it indicates that selling pressure may have been exhausted, potentially heralding a trend recovery. The current phase is seen as a test of the extent to which the market has absorbed panic, rather than the beginning of panic.

Odaily News glassnode data shows that approximately 11.1 million BTC are currently in a state of profit (i.e., purchase cost is lower than the current market price), while about 8.9 million BTC are in a state of loss. As the gap between the two continues to narrow, the BTC Supply in Profit vs Supply in Loss indicator is approaching a key convergence zone that has historically appeared multiple times. This indicator measures the number of wallets currently in a paper profit state versus those in a loss state. Historically, when the two gradually move towards balance, it has often corresponded with a phase of market bottoming, seen as a significant signal of market capitulation and an opportunity for long-term positioning. If the profit and loss supply further converges, it may indicate that the market is entering a historically common cycle bottom formation stage. However, a comprehensive judgment still requires consideration of factors such as macro liquidity, derivatives structure, and market sentiment. (CoinDesk)