Bitget Daily Digest (January 14) | Azuki token launch scheduled, AI agents show signs of cooling, market divergence intensifies

Bitget App

Trade smarter

远山洞见2025/01/14 09:49

By:远山洞见

Bitget Daily Digest (January 14) | Azuki token launch scheduled, AI agents show signs of cooling, market divergence intensifies image 0

Market highlights

1. The Fat Penguin wealth creation trend continued, with Azuki's token launch reigniting market excitement. After a long wait through bull and bear cycles, Azuki is set to launch its token this January, confirming 37.5% allocation to the community, with an overall airdrop rate exceeding 50%. $HYPER stakers and Kaito Yappers will also benefit from this distribution, with Azuki showing a sharp rise in the short term.

Bitget Daily Digest (January 14) | Azuki token launch scheduled, AI agents show signs of cooling, market divergence intensifies image 1

2. After USUAL announced the cancellation of its 1: 1 unconditional exit for USD0++/USD0, USD0++ has been trading at a discount. As of now, the largest liquidity ratio for USD0++/USD0 on Curve has tilted to 7.78%:92.22%, with USD0++ trading at approximately $0.927.

3. The AI agent sector saw an overall pullback, while $FARTCOIN surged. The narrative around the sector seemed to be losing some of its appeal. From $GOAT's ignition for the integration of AI and crypto, to $ai16z and $VIRTUAL magnifying market imagination, then to $SWARMS and others pushing the hype further, this trend has lasted for over three months. However, as divergences are growing, the market is now divided on whether the narrative will continue.

4. Industry leaders are speaking up: Trader Eugene Ng Ah Sio said some tokens might have hit bottom, suggesting buying in small amounts for a potential rebound. Three Arrows Capital founder ZhuSu proudly announced that he had longed $HYPE at an average price of $19.838 with 10x leverage. Justin Sun also emphasized buying on dips, saying the journey has just begun and the market sentiment is heating up.

Market overview

1. BTC briefly dipped to $89,000 before strongly rebounding to $94,000. The market overall shifted from a downturn to an uptick, with the top 50 coins (except for $ENA and $HTX) seeing a recovery.

2. U.S. stocks closed mixed, with the Nasdaq once dropping nearly 2%. The U.S. dollar hit a two-year high, and crude oil prices reached a five-month high.

3. Currently standing at 94,526 USDT, Bitcoin is in a potential liquidation zone. A 1000-point drop to around 93,526 USDT could trigger over $223 million in cumulative long-position liquidations. Conversely, a rise to 95,526 USDT could lead to more than $507 million in cumulative short-position liquidations. With short liquidation volumes far surpassing long positions, it's advisable to manage leverage carefully to avoid large-scale liquidations.

4. Over the past day, Bitcoin saw $5.1 billion in spot inflows and $5.813 billion in outflows, resulting in a net outflow of $713 million.

5. In the last 24 hours, $ETH, $BTC, $SOL, $XRP, and $DOGE led in net outflows in futures trading, signaling potential trading opportunities.

6. Latest data from SoSoValue: U.S. BTC spot ETFs recorded a single-day outflow of $200 million, while the cumulative inflows are $36.019 billion, with total holdings reaching $106.903 billion. ETH spot ETFs saw a single-day outflow of $52.3278 million, with cumulative inflows of $2.401 billion, and total holdings at $11.201 billion. Compared to the previous day, BTC outflows increased, and ETH outflows decreased.

Highlights on X

1. Murphy: Is the pullback ending? Analyze the cost structure

To determine if a pullback is ending, we can analyze changes in the cost base of different time groups. When the short-term position cost is lower than the long-term position cost, forming an inverted shape (e.g., from top to bottom, blue, yellow, and then red lines), it is usually a signal that the pullback is nearing its end. This structure indicates that the market has gone through sufficient turnover and panic sentiment is phasing out. For example, when the long-term cost (blue line) is higher than the short-term cost (red line), it often signals that the price is approaching a bottom and a rebound may soon occur. The market is currently in a phase of structural contraction, and if the inverted shape continues to consolidate, the pullback may soon end.

X post: https://x.com/Murphychen888/status/1878713340501119146

2. @thlm_jimi: Unveiling wealth opportunities of MAX in the AI agent hype

MAX is the first Bitcoin maximalist AI agent and its platform token, which has exploded on Distilled AI's featured Launchpad, Agents.Land, setting a new benchmark for on-chain asset issuance. There are three ways to earn with MAX: new token launches, staking for airdrops, and HODLing tokens for future gains. The new token launches have created hundred-fold returns through wealth effects, staking for airdrops is ideal for long-term holders, and HODLing tokens offers tremendous growth potential due to massive token lockups and scarcity. With its unique gameplay and a blend of AI and crypto narratives, MAX demonstrates the potential for both risk and profit.

X post: https://x.com/thlm_jimi/status/1878676540449583613

3. Haotian: Why should we maintain long-term confidence in the AI agent sector?

The AI agent sector represents more than just a technological leap; it's a profound shift in narrative. Unlike traditional spaces, it redefines asset issuance logic with an "application-first" approach, breaking free from the constraints of VC-driven capital. AI agents have demonstrated the potential to solve significant challenges, such as rug pulls in DeFi or the nihilism of the metaverse. Leading projects like ai16z and Virtuals are rapidly attracting resources, elevating the narratives of the entire ecosystem to new heights. From off-chain interactions to on-chain autonomy, AI agents are not only introducing new technological paradigms but also opening up limitless application space to redefine the core value of the crypto market.

X post: https://x.com/tmel0211/status/1877663354787078319

4. Bluntz: Is AAVE set to rebound? Technical signals indicate a potential uptrend

From a technical perspective, AAVE has completed a clear ABC corrective pattern, with the C-wave showing a distinct five-wave structure, suggesting that the downtrend may be nearing its end. Additionally, the 8-hour RSI has indicated a notable bullish divergence, signaling that price momentum is building for a potential rebound. This provides strong support for AAVE's short-to-medium-term outlook. The next price target could be as high as $440 or more, positioning it as one of the top reversal targets in the current market.

X post: https://x.com/Bluntz_Capital/status/1878917437938372752