Flow and positioning data suggest the recent crypto market correction may be running out of steam, with early signs of stabilization across ETFs and derivatives.

[Bitmine Adds 57,600 ETH to Staking, Total Staked Amount Reaches 965,792 ETH] Ethereum treasury company Bitmine has added 57,600 ETH to staking, valued at over $176 million. The current total staked amount has reached 965,792 ETH, worth approximately $2.97 billion.

[Strategy Counterparty Closes Short Positions on Multiple Tokens, Single-Day Profit of $7.17 Million] Hyperbot data shows that 'Strategy Counterparty' has fully closed its short positions on BTC, ETH, SOL, XRP, kBONK, SUI, and FARTCOIN within the past 20 minutes. Perpetual contract holdings have been cleared, with a single-day profit of approximately $7.17 million and a monthly profit of around $10.01 million. Since opening positions in December last year, the account's total balance has exceeded $31.78 million. It had previously increased short positions on mainstream tokens like BTC and ETH, with BTC short positions once valued at over $120 million, making it one of the largest BTC short holders on-chain.

[Optimism Foundation Proposes Using 50% of Superchain Revenue to Buy Back OP] On January 8, the Optimism Foundation proposed a plan to allocate 50% of Superchain revenue starting from February this year to buy back OP tokens, aiming to strengthen the connection between OP tokens and Superchain.

Bitwise stated that if 5% of the global gold market's funds were to shift towards Bitcoin, the price of BTC could reach $242000. （Bitcoin Archive）