#以太坊大户持仓变化 【Market Snapshot and Trading Reference for January 10】

Market Overview
Bitcoin is currently priced at $90,500, with a fluctuation range of $89,500-$91,500. Recent resistance levels are at $91,500-$92,000, and support zones are at $89,000-$89,500. Ethereum is quoted at $3,080, with an active trading range of $3,050-$3,140. Resistance above is at $3,140-$3,150, and support below is at $3,050-$3,080.

Macroeconomic Shift
The market reaction after the December US non-farm payroll data release has been mixed—only 50,000 new jobs were added, and the unemployment rate remained at 4.4%, indicating mixed signals. As a result, US stocks gained upward momentum, but the US dollar index strengthened, exerting pressure on risk assets. Market sentiment has been volatile, with a "rollercoaster" performance.

Capital Flow Analysis
Spot BTC ETF has experienced net outflows of $1.128 billion over three consecutive trading days, with institutional investors generally taking profits. Conversely, ETH and other token ETFs have maintained net inflows, indicating that institutional funds are gradually shifting from a Bitcoin-centric allocation to a diversified portfolio.

On-Chain Institutional Activity
MicroStrategy recently disclosed an additional purchase of 1,287 BTC, with an average acquisition price of $90,391. The total holdings have increased to 673,783 BTC, with an overall average cost basis of $75,024, reflecting a clear long-term bullish stance.

Market Risk Indicators
In the past 24 hours, global trading markets have seen unusually active liquidation events, with over 80,000 traders experiencing liquidations. The total liquidation volume has exceeded $200 million, indicating high leverage risk levels.

Regulatory Ecosystem Progress
Signals of regulatory softening from the SEC have emerged. The US GENIUS Act's stablecoin framework is advancing more quickly, and the market structure legislation is gaining momentum, with policy expectations gradually improving.

Trading Reference
Bitcoin: Consider a long position near $91,500-$92,000, and a short position around $89,000-$89,500, with a stop-loss of 500 points per trade. Ethereum: Look for short opportunities around $3,140-$3,150, and consider long entries at support zones of $3,050-$3,080, with a stop-loss of 30 points.

Risk Notice
Liquidity may be under pressure as the weekend approaches, and price volatility could increase. It is recommended to strictly control position sizes and follow a quick in-and-out risk management approach.