News

Overnight index swap trends indicate a 75% probability that the Bank of Japan will raise interest rates before the end of April.

BlockBeats News, January 23, according to Cointelegraph, a winter storm threatening much of the southern United States could force bitcoin miners to suspend operations. U.S. weather forecasting company AccuWeather said Thursday that this "massive winter storm" could stretch 1,800 miles, from the far west of Texas to the Mid-Atlantic coast, affecting more than 60 million people. Historically, when major storms have damaged the power grid, bitcoin miners have voluntarily reduced activity to ease the burden on the grid. During a major winter storm in Texas in 2022, cryptocurrency miners in the state voluntarily scaled back operations. Daniel Batten, a bitcoin environment, social, and governance researcher, stated that as extreme weather events become more common globally, the need for bitcoin mining load balancing will increase, especially as more solar and wind energy are integrated into the grid.

Matrixport released a weekly report stating that President Trump's latest round of tariff threats is better understood not as trade policy, but as a strategic means to gain negotiation concessions by creating volatility. The market has gradually figured out this rhythm: the news shock first triggers price repricing, and when liquidity tightens, sell-offs are amplified; once negotiation signals appear, prices often stabilize quickly, and trading returns to a relatively orderly state. The correlation between Bitcoin and global liquidity continues to strengthen, gradually becoming the most sensitive pricing asset in this cycle, more like a high-beta proxy for global liquidity rather than a traditional macro hedge tool. Based on current performance, this round of volatility appears more like a trading-level repricing caused by external disturbances, rather than indicating a structural weakening of the fundamentals of crypto assets. On the contrary, the market repeatedly presents volatility windows that can be captured, allowing disciplined investors to benefit from these opportunities. Meanwhile, other risk assets remain somewhat resilient, and the market's marginal reaction to tough rhetoric is also dulling. Therefore, this round of decline may be more of a tactical pullback; the insights on position sizing should not be interpreted solely from short-term news but should also consider changes in pricing and liquidity structure. Implied volatility has not risen significantly, which also prompts reflection: is Bitcoin's weight as a "risk sentiment barometer" declining?