2026-01-07 02:24:27

Last night, BTC failed to break through $95,000 and entered a period of consolidation with decreasing volume, currently hovering around $93,050. As recent geopolitical events' sentiments are gradually digested, the market lacks new upward momentum in the short term, further compressing space.

More notably, the Supreme Court of the United States' tariff case ruling—likely to be announced this Friday—represents the biggest macro uncertainty at the start of 2026. This directly concerns the direction of the dollar and subsequently influences capital flow pricing in the crypto market. The market's reaction to this is likely to exceed expectations.

From the perspective of mining companies, pressure is evident. Marathon Digital transferred 519 BTC overnight to trading platforms, worth approximately $48.3 million. This is not an isolated case—the entire mining sector has been frequently cashing out above $90,000 to supplement operational funds for 2026, creating persistent selling pressure from the top. This phenomenon indicates that even at relatively high levels, mining companies are preparing for potential difficult times.

There are new developments on exchanges. A leading platform announced the launch of spot trading for the ZK co-processor project BREV, and to optimize the market ecosystem, it has suspended low-liquidity trading pairs such as ETH-DAI, FLOW-USDT, and MANA-ETH. This reflects the top exchanges' strategic shift towards "reducing costs and increasing efficiency."

Discussions about stablecoins have also cooled down. Princeton researchers pointed out that the previously proposed "stablecoin-backed government bonds" plan by the Treasury faces practical issues—stablecoin scale is far from enough to alleviate trillion-level debt pressures. This has dealt a cold shower to the overly optimistic narratives around stablecoins.

Additionally, Flow's official team disclosed a review report of the security incident at the end of December, involving a type confusion vulnerability in the Cadence virtual machine. Although it did not cause significant asset losses, this technical flaw has once again prompted the market to scrutinize the underlying security of non-EVM chains.

BTC-0,42%

BREV-16,71%

ETH-1,32%

DAI-0,04%

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MEVSupportGroup

· 01-07 02:54

Mining companies cashing out are really clever, they're leaving themselves a backup plan. Marathon dumped 500 million in one night, if it were you, you'd be scared too. The tariff case will be decided on Friday, and it might directly break the deadlock then. The stablecoin approach is also starting to fail; it was hyped up so much before, now it's quite awkward. Flow has security issues again; non-EVM chains really need to wait a bit longer. The 93,000 level is a bit awkward, hard to go up but not easy to go down either.

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PhantomMiner

· 01-07 02:42

Mining companies are all rushing, indicating they are uncertain inside. The tariff case will be clear by Friday; only then will we know if it’s truly advantageous or not. The stablecoin hype has been overblown for a long time; are we only realizing it now? Flow has encountered issues again; I still don’t trust non-EVM chains. 95k hasn’t been broken; in the short term, it all depends on macro factors. Marathon sold over 500,000; is this a warning or a cash-out? The pressure above 90,000 is so strong that the rebound space might not be as big as expected. Exchanges are optimizing trading pairs; in simple terms, projects that no one trades will be eliminated. The argument that stablecoins support government bonds has always been absurd; now it’s shattered. Once the tariff case is announced on Friday, there could be a market swing overnight. The selling pressure from mining companies is so obvious, yet retail investors are still chasing highs. After the geopolitical hot spots are digested, what’s the next catalyst?

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OldLeekConfession

· 01-07 02:32

Miners have already run above 90,000, what are we still waiting for here? --- That tariff ruling on Friday is the real bomb; don’t just focus on BTC’s movement. --- The stablecoin hype has long been blown out of proportion; only now are we realizing it. --- Marathon sold 520 units overnight; is it giving us any hints? --- Exchanges are starting to clear low-liquidity trading pairs, indicating tough times ahead. --- Can't even break through 95k; the bulls are still dreaming. --- That Flow vulnerability has once again created a trap for non-EVM chains. --- Tighten up; this market is getting narrower and narrower. --- Mining companies are already preparing for 2026, and what about us? --- Once the tariff case is out, the dollar’s movement will directly determine the rhythm going forward.

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PretendingToReadDocs

· 01-07 02:31

Mining companies are really dumping coins this time, hiding behind the excuse of "operational preparations," but honestly, they're just scared. The tariff case will be clear by Friday, and that's the real battleground—much more interesting than Bitcoin's ups and downs. Flow crashes again? When will the security issues in the blockchain community finally be fully resolved? EVM dominance is just like that. The so-called "national debt rescue" theory of stablecoins should have gone bankrupt long ago. Do they really think they can fill the national treasury with crypto? Laughable. Is 94k supported? It feels like testing 92.

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