Crypto Circle News
January 21 Hot Topics:
1. The Cardano Foundation has completed the first milestone of its governance roadmap, delegating 360 million ADA to community DReps.
2. Chainlink has launched a 24/5 U.S. stock data service, connecting traditional stock markets with blockchain.
3. Mastercard is reportedly considering a strategic investment in Zerohash, but acquisition negotiations have been terminated.
4. Noble will gradually cease its Cosmos application chain and plans to launch an EVM Layer 1 network.
5. The trading volume of crypto payment cards is rapidly increasing, with daily transaction numbers rising approximately 22 times compared to the end of 2024.
Trading Insights
What actually destroys traders is not the market, but three inner demons: 1. Expectation addiction: always wanting to catch every wave, feeling anxious when missing out. But the market is not a lover; it won't give you opportunities just because you try hard. 2. Emotional revenge: wanting to quickly win back after a loss; trades made in such moments are 90% nightmares. 3. Illusory confidence: thinking you understand the market just because you made a small profit; in reality, that’s just the trend giving you face, not strength. Those who can cross over save themselves, while those who can't keep falling in the same place. I once thought trading relied on "courage."
Later, I realized that true courage is: being able to go to cash when necessary, admitting mistakes when wrong; waiting when needed, and maintaining silence amidst all the noise.
The first lesson the market taught me was losing money, the second was being quiet, and the third was becoming someone who won't be swayed by the market. Now I increasingly believe in a saying: the market never rewards smart people; it only favors the patient. A trader's true success is not in the account growing larger, but in the heart becoming steadier, understanding yet not rushing; holding on yet not getting carried away; being able to afford losses without panic; waiting long yet not anxious. It turns out the biggest enemy on the trading path has always been ourselves.
Writing this, I also want to ask you: at what moment did you realize that the real loss is not money, but the heart? Perhaps your story is a trader's redemption.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading group orders from the Big White Community this week. Congratulations to the friends who followed along. If your operations are not going well, you can come and test the waters.
The data is real, and each order has a screenshot from the time it was sent.
**Search for the public account: *Big White Talks About Coins*
Bilibili and YouTube account: Daquan777
BTC
Analysis
On Friday, there were already signs of some selling from spot ETF institutions, and at that time, Trump's tariffs on Greenland had not yet appeared. The market's selling was entirely based on the $BTC price's lack of upward momentum. Unexpectedly, a day later, Trump's tariff attack came out, and then the market did not open on Monday. It is estimated that the spot ETF data will not look good on Tuesday.
Overall, it is not that investors have started to shift their risk preferences, but rather that expectations for Bitcoin's price increase have ended, leading to significant selling. However, in the 105th week, U.S. spot ETF institutions still had a net inflow of 15,229 BTC, which is much better compared to the net sell-off of 7,445 in the 104th week.
Unfortunately, there was originally an opportunity to maintain a high buying level for a while, but now it has started to revert.
Last week, BTC closed with a long upper shadow bullish candle, touching the M top neckline around 97,500 before retreating. This week, the price has broken below the weekly ascending trend line (around 90,500), damaging the trend structure, and the price action is more aligned with the M top's subsequent C wave decline structure. On the daily chart, a large bearish candle with increased volume appeared yesterday, breaking below the upward trend line and M top neckline support. The current rebound is a low-volume bullish candle, which does not yet have the conditions for a trend reversal. If the rebound lacks strength, it may follow a descending flag pattern, with a downward target around 74,000. Short-term support is around 87,800; if it holds, there is hope for sideways consolidation; otherwise, the bearish trend will accelerate. MACD and RSI bearish momentum are still present; watch for short-term opportunities on the 4-hour chart.
ETH
Analysis
Although ETH is still experiencing net inflows, the inflow amount has significantly decreased compared to Thursday. Investors' choices between $BTC and ETH remain the same, both feeling a lack of upward momentum and reducing their purchasing desire. This also indicates that traditional investors have not yet entered the FOMO stage regarding cryptocurrencies.
From pure data, in the 78th week, U.S. ETF institutions had a total inflow of 143,581 ETH, while the 77th week only had 10,144. The net inflow in the 78th week is the largest single-week net inflow since early October 2025. The market still has money; it just hasn't fully considered entering the cryptocurrency space. The ETH spot ETF saw a net outflow of $230 million in a single day, the highest since January. The weekly chart has broken below the upward trend line, focusing on the support of the 3,060 upward trend line, with lower support around 2,800 and upper resistance at 3,160. On the daily chart, it has broken below the descending trend line with increased volume, and the upward structure is no longer present. The rebound focuses on 3,050 (trend line pullback) and 3,160 (descending trend line + 0.618 + FVG). Until it regains 3,160, the trend remains bearish.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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