A whale address (0x61c...) opened a 20x leveraged ETH long position worth $9M at an average entry of $3,005 on January 22, while placing around 100 buy orders between $2,960 and $2,980 totaling approximately $11M, HyperInsight data show. Earlier that day, the address deposited $5.106M to Hyperliquid and established a $36.27M BTC long alongside $36.87M in short positions across ETH, SOL and AVAX, bringing total exposure to $73.15M. The ETH short was closed at break-even around 14:00.

A whale address (0x007d…) added about 220 BTC in short positions worth $19.74 million in the past hour on Jan. 22 and now holds 40× leveraged BTC shorts totaling 374 BTC with a scale around $34 million, HyperInsight data show. Take-profit orders are set within $71,100 to $72,100. Since Jan. 20, the address deposited to Hyperliquid and sold about 171 BTC spot worth roughly $15.4 million to clear spot holdings; this morning it first opened a short position near $88,000 with an initial size that once reached $13.8 million, BlockBeats reports citing HyperInsight.

Address 0xb5a6 opened a 40x BTC long position of 73.7 BTC, worth about $6.62 million, at 16:03 on Jan 22, Hyperinsight data show. The BTC position had an unrealized profit of about $1,890 and a liquidation price near $84,000. The address also held a 3x SKR long position of 9.17 million tokens, worth about $380,000, with unrealized profit of about $20,000.

Coinglass data show $603M in crypto positions were liquidated globally over the past 24 hours, with $304M in long positions and $299M in short positions closed out. A total of 140,060 traders were liquidated during the period, and the largest single liquidation occurred on Hyperliquid's ETH-USD market, valued at $40.2261M.

Ethereum dropped below $3,000 on January 22, while posting a 0.99% gain over the previous 24 hours, HTX market data show. The cryptocurrency briefly traded under the $3,000 threshold during the session.

A whale opened a 20x leveraged short position on 2.735 million XRP at an average entry price of $1.95 on Jan. 22 at 15:44, HyperInsight data cited by BlockBeats show. The position shows a small unrealized profit, while the account carries an overall unrealized loss of $182,000.

China's Foreign Ministry responded on Jan. 22 to U.S. President Trump's Davos statement about keeping the U.S. ahead in crypto and preventing China's involvement, BlockBeats reports. Spokesperson Guo Jiakun said China actively engages in multilateral and bilateral monetary and financial cooperation, participates in global macro policy coordination and international financial rule-making, and directed specific questions to competent Chinese authorities.

US spot Bitcoin ETFs recorded a net outflow of $708.7 million on Wednesday, the largest single-day withdrawal in nearly two months, The Block reports. Ethereum ETFs saw $286.9 million in outflows the same day. BTC Markets analyst Rachael Lucas attributed the withdrawals to typical "de-risking" behavior as institutions reduce exposure amid rising macro risks.

Around 2,818,506 ETH worth approximately $8.49 billion is queued to be staked on Ethereum's PoS network with an estimated activation delay of about 48 days and 22 hours as of Jan. 22, validatorqueue data show. The increase in pending deposits is mainly attributed to BitMine recently staking a large amount of its ETH. The staking exit queue on the Ethereum PoS network has been cleared, and no users are currently choosing to redeem ETH from staking.