Bitget Daily Briefing (January 4) | The situation in Venezuela has suddenly worsened, and the non-farm payroll report for December is the most noteworthy; Bitcoin returns to $90,000, but derivatives and spot ETF data indicate that market sentiment remains cautious

Today's Outlook

At 1:30 AM on Monday, 2026 FOMC voting member and Minneapolis Fed President Kashkari will speak at the American Economic Association meeting;

At 9:00 PM on Tuesday, 2027 FOMC voting member and Richmond Fed President Barkin will speak;

On Tuesday, TBD, the "Tech Spring Festival" 2026 Consumer Electronics Show (CES) will be held from January 6-9 in Las Vegas;

At 9:15 PM on Wednesday, the U.S. December ADP employment numbers;

At 8:30 PM on Thursday, the U.S. December Challenger job cuts;

At 9:30 PM on Thursday, the U.S. initial jobless claims for the week ending January 3, and the October trade balance;

At 12:00 AM on Friday, the U.S. December New York Fed 1-year inflation expectations;

At 9:30 PM on Friday, the U.S. December seasonally adjusted non-farm payrolls and unemployment rate, and the U.S. October housing starts and building permits;

At 11:00 PM on Friday, 2026 FOMC voting member and Minneapolis Fed President Kashkari will deliver a welcome address and participate in an informal discussion at an online meeting hosted by the bank;

At 11:00 PM on Friday, the preliminary January Michigan Consumer Sentiment Index and the preliminary 1-year inflation expectations.

Macro & Hot Topics

1. This week's macro outlook: The situation in Venezuela has suddenly worsened, and the December non-farm payroll report is the most anticipated.

2. Santiment analysts: If retail investors FOMO due to Bitcoin approaching $92,000, it may suppress the rally. According to Glassnode analysis, the current market structure is showing typical characteristics of a long-term bear market.

3. Cryptopolitan: The total amount of crypto venture capital in 2025 reached $49.75 billion, a 433.2% increase from 2024, despite a 42.1% decline in the number of projects throughout the year to 898, indicating a concentration of funds towards larger projects.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a total liquidation of $179 million, with $128 million in short liquidations. BTC liquidations amounted to approximately $58 million, and ETH liquidations were about $30 million.

2. U.S. stocks: Dow Jones +0.66%, Nasdaq -0.03%, S&P 500 +0.19%. Nvidia (NVDA.O) +1.26%, Circle (CRCL.N) down nearly +5.26%, MSTR (Strategy) +3.43%.
   

3. The current price around $91,000 is a clear dividing line for bulls and bears, with a large concentration of long liquidation risks below. If it breaks down, it could trigger a chain of stop-loss orders, amplifying downward volatility. Above, there is a denser area of short liquidations; if the price effectively breaks above, it may trigger a short squeeze, driving the market up rapidly.
   

4. In the past 24 hours, BTC spot inflows were approximately $256 million, outflows were about $214 million, resulting in a net inflow of $42 million.
   

News Updates

1. Vitalik: ZK-EVM and PeerDAS will make Ethereum a new form of high-performance decentralized network.

2. The cumulative trading volume of U.S. spot crypto ETFs has surpassed $2 trillion, doubling in just half the time.

3. SpaceX, OpenAI, and Anthropic plan to launch IPOs in 2026, potentially becoming one of the most significant listing waves in history. Additionally, crypto mergers and IPOs surged in 2025, with industry insiders expecting the trend to continue into 2026.

Project Progress

1. A giant whale has added 2 million USDC to increase its holdings in LIT, with a total purchase amount reaching $8.03 million in five days. Additionally, Sun Yuchen is suspected of selling approximately $200,000 worth of LIT, currently holding 13.23 million LIT.

2. Trust Wallet browser extension introduces user verification codes to advance the compensation process.

3. Analysis: Bitcoin returns to $90,000, but derivatives and spot ETF data show market sentiment remains cautious.

4. A whale deposited 74,002 ZEC into Binance yesterday, valued at $35.75 million.

5. The Bitcoin premium index has been negative for 20 consecutive days, currently reported at -0.0413%.

6. Ethereum treasury company Quantum Solutions disclosed that its ETH holdings have increased to approximately 5,418. Additionally, Bitmine has further increased its staking, causing the number of ETH in the validation queue to surge, with a waiting period extended to 17 days.

7. A whale withdrew a total of 20,000 ETH from multiple CEXs, valued at $62.3 million.

8. Data: In 2025, Meteora, Jupiter, and Uniswap's total fee income exceeded $1 billion each.

9. Helium founder: Due to a lukewarm market response, the buyback of HNT tokens will be halted.

10. Jupiter co-founder seeks community input on whether to pause JUP buybacks.