Daily Report 2026.1.12

Yesterday, Federal Reserve Chairman Powell stated that the Department of Justice is threatening to file criminal charges against the Federal Reserve because the Fed refuses to heed President Trump's call to cut interest rates, citing the reason that the Fed headquarters is undergoing renovations.
This indicates that there is significant pressure to cut interest rates now, and the fundamentals are already quite bad in ways we cannot see.

Additionally, with the Federal Reserve Chairmanship changing hands this year, market volatility will be very high, and there is a possibility of black swan events. We need to stay alert and manage our positions carefully; at this time, we must not be fully invested.

On-chain data shows that BTC turnover rate dropped sharply over the weekend, reaching the lowest point in recent months.

This suggests that investors are currently not very interested in trading, and most people are on the sidelines.

The distribution of holdings hasn't changed much; most people are still holding their coins without moving.

However, a whale on the chain bought 26,900 BTC, worth $2.4 billion.

MicroStrategy's Michael Saylor also released a Bitcoin tracker, hinting that they will continue to increase their Bitcoin holdings.

Thursday is a relatively important day for cryptocurrencies. The CLARITY Act, which was passed in the U.S. House of Representatives with an overwhelming majority in September last year, will be voted on January 15th this year.

This bill will clearly define how exchanges, broker-dealers, market makers, and others in the crypto space are regulated in the U.S., but at the same time, many activities that were originally under the SEC will be moved to the more relaxed CFTC. This is a positive development for many crypto project entrepreneurs.