An on-chain whale address 0xfc66… has reduced its BTC short position by approximately $1.18M in the past hour, leaving a remaining short valued at $8.7559M with an unrealized profit of roughly $334,000, Coinbob's popular address tracker shows on January 19. The address holds total assets of $67.28M in its contract account and has redirected capital from crypto shorts into on-chain stock and gold exposures, increasing positions in tokenized assets including S&P 500, Tesla and MicroStrategy from $4M last week to $10.25M currently. The address also opened a new PAXG short worth $14.1M at an average entry of $4,532, bringing combined on-chain stock and gold-related holdings to about $24.35M. Since January 8, the address has cut high-leverage ETH, BTC and SOL shorts by around 50% in aggregate while gradually adding on-chain stocks and gold, and is currently the largest on-chain short in gold.

A whale withdrew 32,395 ETH from Binance on Jan. 19 after borrowing $45 million USDT to purchase stETH, Lookonchain data show. Address 0x81d0 withdrew 10,057 ETH from Binance and staked it on Lido, then deposited the stETH into Aave to borrow $45 million USDT. The whale used the borrowed funds to buy 13,461 stETH and redeposited it into Aave.

A trader closed a 125 BTC long position at 14:11 on January 19, realizing a loss of $404,000, Hyperinsight data show. The same address then opened a short position of 75 BTC with 10x leverage, worth about $6.95 million, at an average entry price of $92,388.7 and is currently facing an unrealized loss of $25,000. The address mainly trades BTC perpetual contracts in cross-margin mode with frequent large-sized entries and exits, and has achieved total profits of $2.93 million over its full trading history.

Binance will delist 23 spot trading pairs at 08:00 UTC on Jan. 20, according to an official announcement. The pairs include 0G/BNB, 1MBABYDOGE/FDUSD, ADX/ETH, AGLD/BTC, ALT/FDUSD, ARKM/BTC, ATOM/ETH, BTC/ZAR, ENS/BTC, ETH/ZAR, HOLO/BNB, HOLO/FDUSD, MOVR/BTC, NEWT/FDUSD, OP/ETH, ORDI/BTC, OXT/BTC, POLYX/BTC, SLP/ETH, SSV/BTC, STO/FDUSD, STORJ/BTC, and TRB/BTC.

Ethereum founder Vitalik Buterin said on Jan. 19 the ecosystem needs more high-quality DAOs to address inefficiencies and capture risks in current token voting mechanisms as the network scales from base layer to applications, BlockBeats reports. He highlighted DAOs' critical role in oracles, on-chain dispute resolution, list maintenance, and project operations, introducing a distinction between "convex" and "concave" problems to guide decision-making design. Buterin added that achieving these goals requires solving privacy and decision fatigue, warning that without privacy protections, governance risks devolving into social gamesmanship.

Ethereum needs to stay above $3,085 to preserve its bullish setup on the daily chart, with that level identified as the support that must hold for the prevailing pattern to remain in place, analyst @alicharts said in comments carried by BlockBeats on Jan. 19. Price action continues to consolidate within a triangle on the daily timeframe, while daily active addresses have doubled over the past two weeks to more than 800,000, a sign that network participation has resumed its rise. Recent Ethereum ETF buying has been most concentrated between $3,119 and $2,772, a key support area for the market. If Ethereum maintains the $3,085 support and then clears the $3,400 resistance, the resulting breakout could open a path toward $3,660, with a subsequent move toward $4,000 also possible if those technical conditions are met, @alicharts said.

Bitcoin network hashrate fell below 1,000 EH/s on January 19, marking the first breach of that level since mid-September, Hashrate Index data show. The seven-day moving average stood at 993 EH/s as of last Saturday, down nearly 15% from the peak of 1,157 EH/s recorded on October 19. Leon Lyu, chief executive and founder of StandardHash, said in a Monday post on X that miners have been reallocating computing power from Bitcoin operations to AI computing services to pursue higher profit margins, a shift he described as the reason for the drop.

On-chain data analyst Murphy said on Jan. 19 that Bitcoin's options structure has shifted, with the $88,000 strike flipping from Long Gamma on Jan. 12 to Short Gamma, while the $90,000 strike remains in Long Gamma but its GEX dropped from $1.2 billion to $590 million, significantly weakening support in the $88,000–$90,000 zone. Murphy noted GEX at $92,000 climbed to $1.4 billion, a configuration that could amplify BTC price volatility. He added that URPD data show little change in coin distribution, with heavy positioning still concentrated between $87,000 and $92,000, the strongest current support band and hard to break. Murphy said if BTC were pushed below this range, the probability of price moving down to fill the lower gap would increase, with the midpoint of the double-anchor structure estimated around $72,000–$74,000.

The implied probability on Polymarket that Bitcoin will reach $100,000 in January fell to 25% on Jan. 19, down from 43% the previous day, BlockBeats reports. The prediction market is also pricing an 8% chance of Bitcoin rising to $105,000, a 21% probability of it declining to $85,000, and an 8% chance of it dropping to $80,000.