News

PANews reported on January 16 that Matrixport stated in its latest weekly report that after experiencing a period of pressure at the end of 2025, bitcoin's on-chain structure has shown signs of improvement. As long as the price can hold above key structural support levels, the institution’s tactical outlook remains cautiously bullish. Multiple valuation and position indicators are stabilizing, suggesting that downside risks have narrowed compared to earlier periods. The market appears to be emerging from a vulnerable phase rather than entering a new round of pullbacks. However, this round of recovery is still constrained by two factors: insufficient inflow of incremental funds and limited willingness of long-term holders to increase their positions. If new capital cannot continue to enter the market, upward momentum is likely to remain limited; even if there are brief breakouts, it will be more difficult to form a sustainable trend. Overall, the more appropriate strategy is to participate cautiously and select opportunities carefully. Investors should remain in the market but must maintain discipline, and only consider substantially increasing risk exposure after clearer confirmation from capital flows and on-chain profit level indicators.

BlockBeats News, January 16th, according to an official announcement, Bitget has announced the launch of U-based FRAX and FOGO perpetual contracts, with maximum leverage of 50 and 25 times, respectively. Contract trading BOT will be opened simultaneously. In addition, you can also participate in the FOGO CandyBomb event, complete specific contract trading volume tasks to unlock airdrop rewards, with a maximum reward of 5,000 FOGO per person, and a total prize pool of 1,000,000 FOGO. The event ends at 22:00 on January 22nd (UTC+8).

Google announced that starting from January 28, it will remove overseas cryptocurrency exchange apps that have not registered with local financial regulators from its app store in South Korea. According to Google’s updated “Cryptocurrency Exchanges and Software Wallets Policy,” developers are required to submit proof of registration as a virtual asset service provider with the Korea Financial Intelligence Unit; otherwise, their apps will not be searchable or downloadable from the Google Play Store in South Korea. This policy is expected to impact unregistered overseas exchange apps such as certain exchanges.