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.

BTC OG insider whale left positions unchanged on Jan. 19 as unrealized gains narrowed, with total PnL at $15.5M and an ETH long position worth around 720 million yuan, Coinbob data show. Strategy counterparty cut long positions for losses exceeding $15.30M, then opened 20x BTC/ETH long positions totaling $40M, Coinbob said.

A whale closed a short position on 6755 ETH at 10:23 on Jan. 19, booking $241,000 in profit, Hyperinsight data show. The account currently shows a floating loss of $32,000. The address favors high leverage with major coin positions at 20-40x and monthly returns of $520,000.

Bitcoin briefly fell below $92,000 on Jan. 19, with 24-hour liquidations exceeding $865 million, Decrypt reports. Lai Yuen linked the drop to renewed US–Europe trade tensions and tariff concerns, while Bitget analyst Ryan Lee said risk sentiment drove the move and sees support near $85,000 in late January.

Address 0x4bD withdrew 404,000 LINK from Coinbase on Jan. 19, worth approximately $5.55 million, The Data Nerd data show. Over the past four months, the address has accumulated 3.32 million LINK at an average price of $15.56, totaling about $51.62 million.

Address 0x880a, known as "0M Swing Hunter," increased its ETH and HYPE short positions within the past hour, with unrealized gains reaching $7.01 million, Hyperinsight data show. The address is associated with an aggressive trading style that frequently uses high leverage for short-term trades. The trader has generated cumulative profits of $100 million over its full trading history.

Bitcoin's price fell below $92,500 amid growing concerns over a potential escalation in US-EU tariff tensions, according to The Block. The cryptocurrency had climbed above $97,000 earlier in the week, supported by exchange-traded fund inflows and institutional demand, before retreating alongside broader market risk aversion, The Block reported.

Hyperliquid recorded 38 single-position liquidations exceeding $1 million each during a sharp market downturn on Jan. 19, Hyperinsight data show. The liquidations spanned major cryptocurrencies and altcoins, with the largest involving a BTC long position that resulted in a $25.83 million loss.