A whale went 3x short on 937 ETH, with an average entry price of $2988.45

Per EmberCN monitoring, on January 21, “7 Siblings” deposited 596,800 ETH (valued at roughly $1.765 billion) into the lending protocol Spark via 8 addresses, making them the platform’s largest depositor. They then borrowed 193 million stablecoins (including DAI, USDT, USDS) from Spark. Amid last year’s October-November market downturn, the group used those borrowed stablecoins to bottom-fish and acquire 49,287 ETH at an average price of $3,531. Currently, they hold an unrealized loss of roughly $27.7 million on this position. Additionally, addresses ranking 2nd through 7th, 10th, and 11th on Spark are all linked to “7 Siblings.”

As monitored by HyperInsight, a whale address (prefix: 0xa503) opened a new 30-BTC long position at 17:23 on January 21. The position has an approximate value of $89,300, corresponding to a notional value of ~$2.68 million. Currently, the address holds a 40x-leveraged BTC long position (30 BTC, ~$2.68 million notional) with an unrealized profit of ~$1,707 and a liquidation price of ~$86,000.

January 21 — Per Hyperinsight monitoring (via the Telegram channel at https://t.me/HyperInsight) — at 16:37 today, a whale address starting with 0x8d0 liquidated a long position worth ~$89,000, stopping out 81.29 BTC (equivalent to ~$7.24 million). The address currently still holds a 0.503 BTC long position with 20x leverage. The position is valued at ~$45,000, with an unrealized loss of ~$153.8 at current market prices, and an average entry price of $89,000.

**Jan 21 – QCP noted in its latest daily market analysis that global risk appetite has cooled sharply over the past week, with Japan’s bond market volatility and geopolitical tensions driving capital toward safe havens.** U.S. stocks at one point dropped more than 2%, while the global bond market faced simultaneous pressure. Japan has emerged as the center of current market anxiety. After years of ultra-low rates, its 10-year government bond yield has climbed to ~2.29%—a 1999 high—exposing severe fiscal fragility. Japan’s public debt exceeds 240% of GDP (total ~￥1,342 trillion), and debt interest payments are projected to make up ~25% of fiscal spending by 2026. The yield surge has sparked widespread doubts about the sustainability of Japan’s finances, with spillover effects on global bonds. U.S.-Europe ties have also grown tense again. The Trump administration imposed a 10% tariff on eight European countries opposing U.S. attempts to control Greenland, with plans to hike the

As of January 21, Bitget market data shows U.S. pre-market cryptocurrency-related stocks had mixed performance. Key moves include: - MicroStrategy (MSTR): +0.26% - Coinbase (COIN): +0.25% - Robinhood (HOOD): +0.30% - DraftKings (SBET): Flat (0.00%) - Bit Mining (BMNR): -0.50% - Circle Internet Financial (CRCL): +1.11%

January 21: Per Coinglass data, total net ETH outflows from centralized exchanges (CEXs) hit 38,600 over the past 24 hours. Top 3 exchanges for ETH outflows: - Binance: 33,900 ETH - Coinbase Pro: 9,714.83 ETH - OKX: 7,469.71 ETH Notably, Kraken led inflow rankings with 10,600 ETH.