2026-01-06 09:23:18

The current market situation is indeed complex—risk-averse buying and institutional volatility transmission are happening simultaneously.

Let's start with the risk aversion aspect. Amidst the turmoil in Venezuela, Bitcoin has risen by 3.13%, and gold has increased by 2.63%, both hitting new highs in November. What does this indicate? It shows that the "gold attribute" of digital assets is becoming more apparent in the face of geopolitical risks. The risk premium is clearly reflected in the coin prices.

But the story on the other side isn't as optimistic. Take a look at those heavily invested institutions— a well-known company's coin holding fund recorded an unrealized loss of $17.44 billion in Q4 2025. Although they increased their holdings to 673,000 BTC in January, their stock price nearly halved last year, with a decline of 47.5%. What does this reflect? It indicates a deep mistrust in the leveraged coin-holding model in the secondary market.

There's also a detail worth noting—liquidity in AI and Web3 is diverging. The popularity of AI models like Kling in the global market, as well as a major chip company's release of AI robotic tools at CES, are continuously channeling funds from the crypto market into high-performance computing and AI sectors.

On the macro front, energy and geopolitical shifts are also intertwined. The new US administration plans to fund energy companies to rebuild the oil industry, which could mean long-term pressure on global oil prices—an increase in supply. This also has an indirect impact on the risk appetite in the crypto market.

BTC1,2%

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GateUser-75ee51e7

· 01-09 01:17

Institutions are still increasing their BTC holdings, but stock prices have halved. I really can't understand this logic. The hype around AI is so intense, it seems that money in the crypto world is indeed flowing there. Although the risk-hedging attribute exists, playing with leverage like this will eventually lead to trouble. This wave in Venezuela has indeed given Bitcoin a bit of a safe-haven flavor. The idea of liquidity differentiation is good; who will win, Web3 or AI? Institutions spend so much money holding coins but end up losing so much; no wonder the secondary market lacks trust. If oil prices remain under pressure, risk assets should indeed be approached with caution. Bitcoin is still rising, but these fundamental issues haven't been resolved. Leveraged holding funds are a false proposition; they will be taught a lesson by the market sooner or later.

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LiquidityOracle

· 01-07 01:06

Institutions are increasing their BTC holdings, but the stock price has been halved. Is this logic really foolproof? --- Safe-haven buying supports the coin price, but liquidity is still secretly flowing into the AI sector. Both must be managed. --- When the Venezuela situation exploded, the coin instead became a safe haven. The gold attribute is truly there this time. --- 174.4 billion in unrealized losses and still stubbornly increasing holdings? I can't understand this move. --- AI is bleeding out, Web3 lacks liquidity, and the divergence in capital flows is the real risk. --- Oil prices are suppressed, and risk appetite follows suit. This chain is too complex. --- So are we betting on geopolitical tensions or the AI bubble now? It's hard to tell. --- The leveraged holding pattern has been harshly taught a lesson by the market. Does anyone really dare to play like that? --- Bitcoin has become like gold. Sounds good, but if liquidity is sneaking away, it's awkward.

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GasWaster69

· 01-06 22:17

Institutions are crying, cryptocurrencies are rising, this is outrageous haha --- Basically, it's capital fleeing, AI is way too attractive --- $17.44 billion in losses? Still dare to add 670,000 coins? That's gambler behavior --- The safe-haven attribute is indeed getting stronger, but Bitcoin's small gains can't withstand AI's siphoning effect --- Oil prices are going up? Then gas fees will be even more expensive, forget it, no more trading --- Here's the key point: liquidity divergence will really change the landscape, and crypto will be largely eaten by AI --- Institutions' stock prices are halved yet they keep adding positions? Are they losing value or falling into despair? --- Venezuela is chaotic again? I only see funds flowing into high-performance computing --- How long can this round of safe-haven buying last? Feels like a fleeting moment --- The secondary market doesn't trust leveraged holdings, this point is harsh but definitely worth reflecting on

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TooScaredToSell

· 01-06 09:52

Wait, institutions lost 17.4 billion and are still desperately adding positions? Do they genuinely think this is the bottom or are they forced to leverage up?

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SnapshotBot

· 01-06 09:52

Institutions' recent losses have really confused the secondary market, adding more positions still causes the stock price to fall... This logic is a bit hard to hold up. The rush for AI funding is indeed annoying; it feels like all the capital is flowing into computing power. Safe-haven buying is trying to stabilize the market, but how long it can last is uncertain.

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BitcoinDaddy

· 01-06 09:50

The $17.4 billion loss by institutions is shocking. Do you still dare to continue adding positions? This logic is a bit extreme. AI抢流动性 this is indeed excessive; all our money has been sucked into炒芯片. The gold attribute enhancement is good, but I'm afraid it's just another excuse to cut the leeks again. The oil industry’s move indirectly risks the risk appetite of the crypto circle; the US government really knows how to play. Venezuela’s situation has boosted Bitcoin, but how long can this safe-haven premium last? Wake up, everyone.

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RugResistant

· 01-06 09:49

Institutions are staging a leverage show, and we're just watching and losing money—that's the current script, isn't it? Liquidity is really flowing into AI, and the heat in the crypto circle has been diverted into pieces. The safe-haven rally supported the market for a while, but how long can it last? Relying solely on geopolitical dividends is too fragile.

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4am_degen

· 01-06 09:30

The safe-haven buying is real, but the fact that institutions cut their positions in half is truly heartbreaking... AI's involvement in crypto vampirism is not just talk.

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LiquidationOracle

· 01-06 09:24

Institutions are increasing their BTC holdings while stock prices are halving, this logic really can't hold up... The risk aversion trend is indeed there, but the real killer is liquidity flowing into AI, the capital diversion is too obvious. The situation in Venezuela won't last long; ultimately, fundamentals will speak. The leveraged holding pattern is really not being accepted anymore, even institutions have to face this reality. Increasing energy supply to lower oil prices? In this chain, crypto will also be indirectly blamed...

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