Bitget Daily Report (January 20) | Institutions accelerate investments in DeFi; Meta acquires Manus for billions; Strategy strengthens Bitcoin positions

Market Overview and Reader Decisions

The GameFi sector has experienced significant slowdown – funding dropped over 55% year-over-year, while Web2.5 games are gaining increasing investor support. At the same time, the RWA (Real World Assets) protocol ecosystem is undergoing a transformation, and its total value locked (TVL) has just surpassed most DEX protocols, ranking fifth among DeFi categories. A new player has entered the real estate sector – billionaire Grant Cardone announced the launch of the world’s largest Bitcoin company dedicated to the real estate market, planning to start in 2026.

Cryptocurrency Market Data

Bitcoin (BTC) is currently priced at $90,57K with a 24-hour decrease of -2,75%, while Ethereum (ETH) has fallen to $3,03K with a more significant decline of -5,82%. The total cryptocurrency market capitalization has decreased by nearly $100 billion, dropping from a peak of $3.02 trillion to $2.93 trillion in the past 19 hours.

XRP shows a 24-hour trading volume of $100.43 million, indicating active investor activity on this asset.

Moves by Giants and Accumulation Dynamics

(MSTR)'s strategy continues aggressive Bitcoin accumulation, purchasing an additional 1229 units, raising the total portfolio to over 672,000 BTC. About $84 million flowed into the spot market, but outflows reached $118 million, resulting in a net negative balance of -$34 million. In the gold spot industry, we observe dramatic declines – prices broke below $4350 per ounce, losing over $180 daily (a decline of about 4%).

Stress in Financial Markets

The US stock market showed declines across the board: Dow Jones -0.51%, Nasdaq -0.50%, S&P 500 -0.35%. In individual stocks: Nvidia (NVDA.O) fell by -1.21%, Circle (CRCL.N) by -0.94%, and Strategy (MSTR) recorded a decrease of -2.15%.

Liquidations and Long/Short Dynamics

In the last 24 hours, the cryptocurrency sector experienced liquidations worth $243 million – long positions accounted for $160 million of this total. Bitcoin (BTC) had a liquidation share of about $82 million, and Ethereum (ETH) about $56 million.

The Bitget liquidation map for the BTC/USDT pair indicates that the current level of ~87,200 USD is in a high-risk zone. The upper range of 88,000–89,000 USD concentrates highly leveraged bearish shorts, whose breach could trigger chain liquidations. In the lower range of 86,000–87,000 USD, there is a significant concentration of longs – breaking below this level will cause mass stop-loss triggers. The current market structure is characterized by high volatility with significant risks at both ends of the spectrum.

ETF Flows and Portfolio Changes

Spot ETF funds are experiencing significant outflows – in the last 24 hours, BTC ETFs recorded a net outflow of 3495 BTC (about 306 million USD), while ETH ETFs saw 17,969 ETH (about 52.74 million USD). Weekly outflows amount to 8778 BTC (about 768 million USD) and 29,287 ETH (about 85.96 million USD).

Institutional Calls and Forecasts

Cantor Fitzgerald warns of a potential “institutional winter” in 2026, while highlighting DeFi and on-chain assets as clear growth points. Co-founder of Framework Ventures predicts the market will focus on flagship tokens, with institutions directing capital into high-quality DeFi projects. Dragonfly partners forecast Bitcoin surpassing $150,000 before the end of 2026, although its market dominance may decrease.

Project Updates and Acquisitions

Meta is finalizing the acquisition of Butterfly Effect, developer of the AI Manus app, for a multi-billion dollar sum. Neel Somani, founder of Ethereum Layer2 protocol Eclipse, announced his resignation as CEO – the change took effect in October 2025.

Tokenized stock exchange reached a new capitalization record of $1.2 billion. BlackRock’s first tokenized money market fund, BUIDL, has paid out over $100 million in dividends so far.

Sky Protocol project repurchased 29.3 million SKY last week, increasing the total return to over 96 million units. USDC Treasury issued an additional 76 million USDC on Ethereum, while burning nearly 168 million USDC.

Trend Research increased Ethereum positions by over 46,000 ETH daily, lowering the average cost to about $3105.5 (unrealized trader losses hover around $110 million). Eightco, the company managing the Worldcoin treasury, announced plans to buy up to $125 million.

The spot XRP ETF showed a daily net inflow balance of $8.44 million.

Security Incident

South Korea’s Supreme Court confirmed a four-year prison sentence for a cryptocurrency exchange platform employee who facilitated North Korean hackers in recruiting a South Korean army captain in exchange for military secrets for Bitcoin.

Disclaimer: This report was generated automatically with manual verification and does not constitute investment advice.