Viewpoint: Bitcoin Whale Did Not Accumulate a Large Amount of Bitcoin

Onchain Lens data shows that on January 5, trader James Wynn further boosted his 40x-leveraged Bitcoin long position while maintaining his 10x-leveraged PEPE long position. His total position is now worth $14 million, with unrealized gains topping $750,000.

On January 5th, markets expect former President Trump to announce his Fed Chair nominee sometime this month. Polymarket data shows Hassett and Warsh are tied at 39% each in nomination odds. (Warsh’s odds are up 8 percentage points, while Hassett’s have fallen 3.)

On January 5, just hours after reports of "Maduro's Arrest," Elon Musk posted a photo on X showing him dining with former U.S. President Donald Trump and First Lady Melania at Mar-a-Lago—signaling an apparent repair of their previously tense relationship. The post’s caption read: "2026 will be amazing!" Notably, U.S. military action against Venezuela occurred just hours before this dinner. Concurrently, Musk’s SpaceX announced on January 3 that its Starlink satellite internet service would provide free broadband to Venezuela for one month (ending February 3). This announcement closely aligned with Musk and Trump’s Mar-a-Lago meeting that day, though Starlink did not disclose specific reasons for the free service. Internet monitoring group Netblocks reported that some areas of Caracas faced network outages during the U.S. operation, which it speculated were tied to power supply abnormalities. The country’s overall internet connectivity remained largely normal, however.

Jan 5: Per monitoring from HyperInsight (via their Telegram channel @HyperInsight), HYPE has risen by over 13% since Jan 2, hitting a high of $27.4. The whale labeled "Long-Term Bullish on HYPE"—the largest HYPE long position holder on Hyperliquid—has seen its unrealized losses narrow from ~$20 million to $17 million. Key position details: average entry price of $38.6, liquidation price of $20, and current position size of ~$36.44 million. Notably, this address opened a large long position **before** Robinhood announced on Oct 23 that it would launch HYPE spot trading—sparking community suspicion of insider information. Two months later, the position still carries significant unrealized losses.

Jan. 5 — The Nikkei 225 Index surged 3% intraday to 51,850.07 points, while South Korea’s Seoul Composite Index is now up 3% to 4,437.99 points. (IG)

On January 5, the Crypto-Asset Reporting Framework (CARF)—developed under the Organisation for Economic Co-operation and Development (OECD)—officially went into effect on January 1, 2026, initially covering 48 countries and jurisdictions. Under the framework, Crypto-Asset Service Providers (CASPs) must disclose user transaction details to tax authorities and submit annual reports covering transactions, exchanges, asset transfers, and other activities. The goal is to boost global tax transparency and improve cross-border data sharing. CARF aims to fill regulatory gaps in digital assets left by the existing Common Reporting Standard (CRS). Member countries plan to launch regular information exchanges starting in 2027. First participants include all EU member states, the U.K., Brazil, and the Cayman Islands. Australia, Canada, Singapore, Switzerland, and the UAE are expected to join in 2028, while the U.S. plans to enter the system in 2029. The OECD noted the framework will br