CoinFund: Spinning Out Liquidity Strategy Business into Independent Company, to Focus on Venture Capital

On January 9th, Bitcoin dropped below $90k, with a 0.4% decline over the past 24 hours, per HTX market data.

Per official sources, Binance is set to launch ZAMAUSDT perpetual contract trading at 17:00 UTC+8 on January 9, 2026, with up to 5x leverage.

On January 9, The Block reported that Bitcoin ETFs posted a net outflow of $398.95 million yesterday, pushing the cumulative net outflow over the past three trading days to $1.12 billion. Three consecutive days of outflows have nearly erased the net inflows from the first two trading days of the year. Nick Ruck, Managing Director at LVRG Research, noted: “The recent outflows from Bitcoin ETFs stem primarily from portfolio rebalancing, profit-taking on rebounds, and short-term caution amid market consolidation—not a fundamental shift in institutional demand. The crypto market remains in a sideways phase, with Bitcoin holding above $90,000, supported by potential ongoing institutional accumulation.” Ruck added: “Traders should closely monitor ETF fund flow trends, Bitcoin’s key resistance level around $95,000, and macro signals like shifts in Fed policy to assess potential breakouts or further volatility.”

**Jan. 9 — Coinglass data shows Coinbase’s Bitcoin Premium Index has traded at a negative premium for three straight days, currently sitting at -0.0837%. Over the past 26 days, the index has been negative for 25 of them.** *BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a top U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. capital flows, institutional investment interest, and shifts in market sentiment.* - A **positive premium** (Coinbase price > global average) typically signals: strong U.S. buying pressure, active entry of institutional/regulated funds, ample USD liquidity, and broadly bullish investor sentiment. - A **negative premium** (Coinbase price < global average) often reflects: heavy U.S. selling pressure, fading risk appetite, rising risk aversion, or capital outflows.