MarsBitNews

null Why Rate Cuts Have Failed to Boost Bitcoin: Liquidity Channels Blocked
To understand why Bitcoin reacts indifferently to rate cuts, it’s helpful to start with gold. Gold is an asset priced globally. While retail investors typically trade in grams, international pricing is based on troy ounces and tons. It is this global pricing structure that makes macroeconomic factors so influential.
Bitcoin shares this characteristic. Additionally, its price is unified worldwide, meaning any serious analysis must begin with the U.S. macroeconomic situation.
The puzzle is obvious. The U.S. has entered a new rate-cutting cycle, yet Bitcoin’s price remains around $80,000, while gold prices continue to rise. Traditional theory suggests that low interest rates should benefit risk assets like stocks and cryptocurrencies. However, so-called defensive assets are rising against the trend.
This contradiction can be explained by two structural factors.

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Author: Lin, Trader
Compiled by: Felix, PANews
Trader Lin recently shared his trading insights, including technical analysis, risk management, psychological factors, and more, suitable for beginner traders or those who frequently incur losses. Below are the details.
Follow the Trend
A strong upward trend can often bring substantial profits. You should always trade in the direction of the trend. As the old saying goes, “The trend is your friend.” This is absolutely true. Investing is a game of probabilities. Therefore, you need to maximize your chances of winning.
Buying stocks in an uptrend is like sailing with the wind; everything feels easier. The market moves faster, lasts longer, and progress becomes more effortless. When sailing with the wind, even small pushes can lead to huge gains. That’s why everyone feels like a genius during a bull market.
So, how do you identify a trend?
Identify the trend

Title: Clearing the Decks
Author: Chris Beamish, CryptoVizArt, Antoine Colpaert
Source:
Reprint: Mars Finance
Bitcoin has entered 2026 with a clearer market structure after a large-scale year-end correction. Currently, profit-taking pressure has eased, market risk appetite is gradually recovering, but to establish a sustained upward trend, it is still crucial to hold steady and recover important cost basis levels.
Summary
· After experiencing a deep correction and months of consolidation, Bitcoin has officially entered 2026. On-chain data shows that profit-taking pressure has significantly eased, and the market structure shows initial signs of stabilization at the lower end of the range.
· Although selling pressure has decreased, a large amount of trapped positions remains above the current price, mainly concentrated in the upper half of the current range.

火星财经消息，根据 KalshiData 发布的数据，截至 1 月 6 日，Kalshi 的月度名义交易量约为 16 亿美元，平均每天约 2.72 亿美元。如果这一速度保持不变，Kalshi 预计 1 月份名义交易量将达到约 84 亿美元。 此前数据显示，2025 年 12 月 Kalshi 交易量为 63.8 亿美元，创下月度历史新高。

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Editor | Zhai Jun, Shanghai Second Intermediate People's Court
Text整理 | Li Feng, Xu Hancheng
Page Editor | Zhou Yanyu
On November 25, 2025, the 4th "Zhi Zheng · Theory and Practice同行" Criminal Trial Seminar (click to view), guided by the China Criminal Law Research Association and the Shanghai High People's Court, co-hosted by Shanghai Second Intermediate People's Court and Renmin University Law School, was held at Shanghai Second Intermediate People's Court. This seminar focused on the theme "Legal Uniformity in Virtual Currency Crime Cases," adopting a "Theory and Practice 2+2" discussion format. The content of the seminar is summarized as follows:
Topic 1: Determination of "Subjective Knowledge" in Money Laundering Crimes Involving Virtual Currency
Case 1:
Cai held a large amount of U coins. He learned online that someone was purchasing U coins at 10% above the market price, so he contacted the buyer to sell all his U coins, making a profit of 1 million yuan. Later, it was found that the funds used by the buyer to purchase U coins were

Mars Finance News: JPMorgan analysts stated that after the outflow of funds in December, the capital flow into cryptocurrency ETFs is beginning to stabilize. An analyst report led by Nikolaos Panigirtzoglou pointed out that despite a record inflow of $235 billion into global stock ETFs, Bitcoin and Ethereum ETFs still experienced outflows last month. Currently, indicators such as ETF capital flow and perpetual futures market positions suggest that selling pressure in the cryptocurrency market may be easing. Analysts believe that the recent market correction in cryptocurrencies is mainly due to investors' safe-haven behavior following MSCI's announcement in October about the potential removal of certain indices, rather than deteriorating market liquidity. MSCI's decision not to remove Bitcoin and cryptocurrency financial companies in the February 2026 global stock benchmark review could further support the market.

Mars Finance News: On January 9, according to Hyperinsight monitoring, a whale opened a long position on 4383.15 ETH at 14x leverage at 12:40 today (approximately $13.67 million). Previously, it had built a 20x leveraged short position on 397.98 BTC (approximately $36.22 million). The hedge position is now in a slight floating loss.

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Author: BitMart Research Institute
1. Current Status of the Privacy Track: Structural Recovery by 2025
Over the past few years, privacy has been one of the most controversial and easily misunderstood sectors in the crypto market. On one hand, the transparent and open nature of blockchain is seen as its core value. On the other hand, privacy needs have always existed and have been increasingly emphasized in finance, commerce, and security.
By 2025, with deeper institutional participation, the gradual formation of regulatory frameworks, and the maturity of cryptographic technologies such as zero-knowledge proofs, the privacy sector is shifting from early adversarial anonymity to a more systematic, composable, and compliant infrastructure form. Privacy is becoming a key variable that cannot be ignored in crypto finance.
From a market perspective, the second half of 2025 has seen a clear phase of recovery in the privacy sector. Traditional privacy assets represented by Zcash, Monero, and others overall

火星财经消息，据市场消息，攻击者通过 Synnax 合约在 SEI 链上发起闪电贷，借出 196 万枚 WSEI（约 24 万美元）并未归还。此次攻击由三区块前一笔误操作触发：地址 0x9748…a714 错误将资金转入合约，意外为攻击提供了资金支持。攻击路径涉及 TX1 与 TX2 交易，显示链上误操作在 DeFi 攻击中仍可能构成关键风险点。

Goldman Sachs expects the upcoming non-farm payroll report to have limited impact, with an estimated increase of about 70,000, in line with market expectations, supporting the view of a moderate economic slowdown. If the number is below 50,000 or above 125,000, market expectations will be affected, potentially changing the timing of interest rate cuts.