#密码资产动态追踪 # The market is volatile, but opportunities are within this fluctuation

**Market Trends**

Yesterday (January 8), the crypto space experienced another round of correction. Bitcoin fell from above $90,000, reaching a low of $89,588, and closed at $90,240, down 1.76% in 24 hours. Ethereum's performance was even more sluggish, briefly dropping below $3,100 and finally closing at $3,119, a decline of 2.81%. Among them, XRP dropped the most sharply, with nearly 8% decline in a single day, currently priced at $2.1.

The chain reaction from this correction was quite significant—13,780 traders were liquidated within 24 hours, totaling $465 million. This number indicates that market sentiment is quite easily ignited by price fluctuations.

But from another perspective, Bernstein's research team remains optimistic about the long-term trend, maintaining target prices of $150,000 for Bitcoin in 2026 and $200,000 in 2027. This reminds us that short-term volatility and long-term trends are two different things.

**On-Chain and Ecosystem Developments**

There are several technical points worth noting. Ethereum's Dencun upgrade (BPO2 part) was activated on January 7. This upgrade increased the Blob capacity limit, which will significantly enhance the scalability of layer 2 networks. In simple terms, Ethereum is accelerating its lightweight deployment.

Interestingly, a reversal signal has appeared in staking patterns—currently, there are 900,000 to 1 million ETH waiting to be staked, but only about 80,000 ETH are pending withdrawal. This indicates that market sentiment towards long-term optimism for ETH is heating up, and supply-side support is strengthening.

Solana has also been active, with the SKR token scheduled to launch on January 21. Seeker mobile users will receive a 20% airdrop. Additionally, the dYdX community just approved the reward distribution plan for Surge Season 9, with an approval rate of 85.04%. The reward pool for this season is $320,784.

**Regulatory and Policy Updates**

In the US, the Senate Banking Committee will review the Crypto Market Structure Bill on January 15. Disagreements remain over DeFi regulation frameworks and stablecoin yield standards. These decisions will ultimately influence the direction of the US crypto ecosystem.

Domestically, there are new developments in digital RMB— the Carbon Inclusive Mini Program has gone live on the app, with Shanghai leading the pilot. Users can exchange low-carbon behaviors for carbon points. This is a case of digital currency expanding from financial to social scenarios.

**On-Chain Anomalies and Risk Alerts**

There was a large transfer involving XRP—over 425 million XRP moved from Bitvavo exchange to an unknown wallet. Such large transactions often raise concerns about selling pressure. Meanwhile, FTX wallets also recorded a $10 million transfer, which is another point market watchers are paying attention to.

Regarding security, a reminder: Ripple's xrpl.js npm package was targeted by a supply chain attack, with backdoors embedded in five older versions. Fortunately, the official has released patched versions (4.2.5 and 2.14.3), and developers are advised to update promptly.

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**Summary:** Short-term corrections are normal, but the underlying ecosystem construction and innovation continue steadily. Major chains like Bitcoin, Ethereum, and Solana have made new progress in technical upgrades, and the vitality of DeFi and layer 2 scaling tracks remains strong. Market volatility is often the best time to observe clearly.