Daily market key data review and trend analysis, jointly produced by PANews and OSL.Daily market key data review and trend analysis, jointly produced by PANews and OSL.

OSL Trading Hours: BTC falls below $97,000 after a surge, analysts warn of a possible sharp correction

2025/01/08 11:17
3 min read

OSL Trading Hours: BTC falls below $97,000 after a surge, analysts warn of a possible sharp correction

1. Market observation

Keywords: ETH, ETF, BTC

Cryptocurrency ETFs attracted $585 million this month, mainly from Bitcoin and Ethereum funds, despite a profit-taking decline in December. Meanwhile, Calamos is planning to launch an innovative Bitcoin ETF that provides full loss protection while limiting potential gains through an annual reset mechanism. Bitcoin has performed well in 2024, becoming the world's seventh largest asset and breaking through $102,000 for the first time in 2025. However, trading volume has fallen to its lowest level since 2021, and well-known analyst Peter Brandt has warned of a 50% correction, bringing uncertainty to the market.

On the regulatory front, Gemini, founded by the Winklevoss twins, reached a $5 million settlement with the CFTC to resolve allegations of misleading in the launch of the first U.S.-regulated Bitcoin futures contract. The market's positive news continues, with the Coinbase Premium Index turning bullish and MicroStrategy increasing its holdings by 1,070 BTC. The cryptocurrency market rose on Monday, driven by MicroStrategy and Metaplanet's increase in holdings. However, Bitcoin encountered resistance at the $108,000 mark and once fell below the psychological $100,000 mark. Despite this, continued strengthening of institutional support and the growth momentum of the global cryptocurrency market continue to provide momentum for Bitcoin to move towards higher goals.

2. Key data (as of 09:20 HKT on January 8)

  • S&P 500: 5,909.03 (+0.47% year-to-date)

  • Nasdaq: 19,489.68 (+0.93% year-to-date)

  • 10-year Treasury yield: 4.680% (+10.40 basis points this year)

  • US dollar index: 108.66 (+0.16% year-to-date)

  • Bitcoin: $96,957 (+3.79% year-to-date), with a daily spot volume of $60.69 billion

  • Ethereum: $3,394.61 (+1.49% year-to-date), with a daily spot volume of $33.32 billion

3. ETF flows (January 7 EST)

  • Bitcoin ETF: -$457.43 million

  • Ethereum ETF: -$19.15 million

4. Important Dates (Hong Kong Time)

FOMC meeting minutes (January 9, 03:00 am)

Non-farm payrolls data (January 10, 21:30)

  • Actual: To be announced / Previous value: 227,000 / Expected: 150,000

Unemployment rate (January 10, 21:30)

  • Actual: To be announced / Previous value: 4.2% / Expected: 4.2%

5. Hot News

ZKsync Ignite has launched the first season of the incentive program Ignite, which will distribute 100 million ZK

Illuvium partners with Virtuals to bring autonomous AI NPCs to its games

In 2024, ETFs and listed companies bought a total of 859,454 BTC, absorbing 4.3% of the circulating supply in one year

Sol Strategies receives $25 million CAD credit line to invest in Solana ecosystem

Arbitrum awards largest developer grant ever to South Korean giant Lotte to advance Caliverse blockchain integration

MicroStrategy to buy over $22 billion in Bitcoin by 2024

Usual will turn on token fees before February 1

Jambo will launch J tokens on Solana this month with a total supply of 1 billion

Binance will launch COOKIE, ALCH and SWARMS perpetual contracts, supporting up to 75x leverage

Backpack Exchange acquires FTX EU for $32.7 million, NFT project Mad Lads rises 24% in a short period of time

Binance Alpha adds HAT, AIXCB, and NEUR

NVIDIA announces NVIDIA Cosmos, the world’s most powerful model

Solana Mobile’s second phone, Solana Seeker, is expected to be launched in mid-2025

Babylon will launch the second phase of the test network on January 8

Arthur Hayes: Crypto market may peak in mid-March, then see severe correction

Anti-crypto Fed Vice Chairman for Supervision Michael Barr Resigns

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BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. 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At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. 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