Suehyeon Lee

[Analysis] “Bitcoin’s Coinbase premium stays negative for an extended period… institutional demand has yet to return”

An analysis found that although Bitcoin (BTC) is holding above its macro average cost basis, there are still no confirmed signs of a full-fledged return of U.S. institutional capital. On the 21st (local time), CryptoQuant contributor XWIN Research Ja

SBI Holdings to issue blockchain bond for retail investors, offering XRP rewards

Japan’s major financial group SBI Holdings will issue its first blockchain-based bond aimed at retail investors. According to CoinDesk on the 21st (local time), SBI Holdings will launch the “SBI START Bond” and manage the entire process on a blockcha

[Analysis] "Bitcoin entering a phase resembling the late stage of a bear market… possible long-term range between $60,000 and $75,000"

Bitcoin (BTC), which suffered a sharp drop early this month, may have entered a phase similar to the late stage of a bear market. Still, analysts say it is difficult to expect a rapid rebound in the near term. According to CoinDesk on the 21st (local

Bitcoin rattled by a ‘split’ at the Fed and Middle East tensions…altcoin sentiment ‘worst’ in five years [Lee Su-hyun’s Coin Radar]

<Lee Su-hyun’s Coin Radar> is a weekly column that tracks the flow of the digital-asset (crypto) market and explains the backdrop. Going beyond a simple price roundup, it provides a multifaceted analysis of global macro issues and investor positionin

[Analysis] "XRP rebounded from $1.10, but the bearish structure remains intact…$1.80 is the key inflection point"

XRP has staged a strong rebound around the $1.10 level, but analysis suggests the medium- to long-term bearish structure remains intact. According to CryptoPotato on the 16th (local time), XRP, on the daily chart, managed to rebound as buying flowed

OKX secures a payment institution license in Malta, aligning with the EU’s MiCA rules

Crypto asset (cryptocurrency) exchange OKX has strengthened its business footing to align with the European Union (EU) regulatory framework by obtaining a payment institution (PI) license in Malta. According to CoinDesk on the 16th (local time), OKX

Animoca Brands obtains Dubai VASP license

Animoca Brands, a developer of non-fungible tokens (NFTs) and blockchain games, has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s virtual asset (cryptocurrency) regulator, the Virtual Assets Regulatory Authority (VARA), accele

[Market Update] Bitcoin slides to the $68,000 range… "Macro caution persists despite upbeat CPI"

The digital asset (cryptocurrency) market is broadly weakening. As of 4:05 p.m. KST on the 16th, Bitcoin (BTC) was trading at $68,361.31, down 2.81% from the previous day, according to CoinMarketCap. On Upbit’s KRW market, it was trading at 101,664,0

Bitcoin flashes warning signs for its worst first quarter in eight years…down 22% since the start of the year

Bitcoin (BTC) has fallen more than 22% since the start of the year, raising the possibility that it could post its worst first-quarter performance in eight years. According to CoinGlass data cited by Cointelegraph on the 16th (local time), Bitcoin st

Russia’s Finance Ministry, Central Bank: “Crypto trading surging… need to introduce a bill to regulate the market”

Russia’s Finance Ministry and central bank have urged the government to swiftly introduce legislation to regulate the virtual-asset (cryptocurrency) market, citing a surge in virtual-asset trading. According to Cointelegraph on the 16th (local time),

Financial Supervisory Service to Add Nvidia H100…Strengthening AI Surveillance for Unfair Trading in Virtual Assets

South Korea’s Financial Supervisory Service (FSS) said it will procure additional high-performance graphics processing units (GPUs) to strengthen its capacity to investigate unfair trading in virtual assets (cryptocurrencies). The plan is to upgrade

[Analysis] "Bitcoin shows signs of market fatigue building…large holders increasingly moving to sell"

An analysis suggests that as Bitcoin (BTC) remains in a prolonged correction phase, the activity of large holders is becoming more pronounced. On the 15th (local time), Darkfost, a contributor to CryptoQuant, said based on on-chain data that “as fati

Bitcoin Treads Water as Leverage Builds Again… “Short-Term Short Squeeze vs. Warning of Excess Liquidations”

As Bitcoin continues to trade sideways within a $62,000–$71,000 range, the market is seeing leverage rapidly build up again. According to Decrypt on the 16th (local time), the annualized basis on 3-month futures at major centralized exchanges such as

[Analysis] "XRP enters a pullback after failing to hold $1.62… focus on whether it can break above $1.51"

An analysis suggests that XRP has failed to hold above $1.62 and has entered a downside correction, with whether it can break above $1.51 likely to be a key turning point going forward. According to NewsBTC on the 15th (local time), XRP slipped below

$321 million in token unlocks scheduled over the next week…concerns grow over altcoin supply overhang

Token unlocks totaling $321 million (about KRW 430 billion) are scheduled over the next seven days, according to compiled data. According to data from Tokenomist cited by WuBlockchain on the 15th (local time), the schedule for single large unlocks (o

[Analysis] "Bitcoin faces a structural stress test in early February amid extreme fear…institutional outflows accelerating"

An analysis finds that in early February 2026, the Bitcoin (BTC) market is simultaneously showing signs of institutional fatigue and extreme fear. On the 15th (local time), CryptoQuant contributor GugaOnChain said, "As Bitcoin underwent about a 50% p

YZi Labs: "Submitted CEA Industries amended preliminary consent to the U.S. SEC…under review"

YZi Labs (formerly Binance Labs) said it has submitted an amended preliminary consent (revised preliminary consent) for Nasdaq-listed CEA Industries (BNC)—which is focused on investing in Binance Coin (BNB)—to the U.S. Securities and Exchange Commiss

[Analysis] “Bitcoin Sees Biggest Short Liquidation Since 2024…Leverage Imbalance Deepens”

Bitcoin’s (BTC) derivatives market has reportedly seen the largest short liquidation since 2024. On the 15th (local time), CryptoQuant contributor XWIN Research Japan said, “About $736 million in short positions were liquidated in a single day in the

Coinbase CEO: Retail investors stepping up bargain buying in Bitcoin and Ethereum

Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the United States, said retail buying has continued even through the latest market pullback. On the 15th (local time), Armstrong wrote on X that, "Coinbase data shows retail inv

Vitalik Buterin: “Prediction markets are overly reliant on gambling-style bets… they should shift to AI-based hedging tools”

Vitalik Buterin, co-founder of Ethereum (ETH), recently voiced concerns about the direction of the prediction-market industry, arguing that it needs to move beyond a short-term, speculation-driven structure and evolve into AI-based hedging tools link

Strategy: "Even if Bitcoin falls to $8,000, we can repay all debt in full"

Strategy, a Bitcoin (BTC) treasury strategy company led by Michael Saylor, said it holds sufficient assets to repay its debt in full even if the price of Bitcoin were to plunge to $8,000. On the 15th (local time), Strategy said via its official X acc

Changpeng Zhao: “On-chain transparency is a hurdle to broader payment adoption… privacy needs strengthening”

Changpeng Zhao (CZ), co-founder of Binance, said the low level of privacy in on-chain transactions is a key factor holding back the wider adoption of crypto payments. According to Cointelegraph on the 15th (local time), CZ said in recent remarks that

[Today’s key economic & crypto calendar] Japan’s preliminary Q4 GDP, etc.

<Today’s key economic calendar> ▶︎16 (Mon): △Japan preliminary Q4 GDP <Today’s key crypto calendar> ▶︎16 (Mon): △Arbitrum (ARB) unlocks 92.65 million tokens

Michael Saylor: “Keep buying”…Strategy accumulates Bitcoin for 12 straight weeks

Strategy, a Bitcoin (BTC) treasury strategy firm led by Michael Saylor, has continued accumulating despite the recent market pullback. On the 15th (local time), Saylor shared a chart of the company’s cumulative Bitcoin purchases on X, signaling addit

FSC picks NXT and KDX as OTC venues for STOs; rejected LucentBlock says “assessment differs from the facts”

South Korea’s Financial Services Commission (FSC) has selected the Korea Exchange–Koscom consortium (KDX) and the Nextrade–Musicow consortium (NXT) as fractional-investment over-the-counter (OTC) exchange operators to handle the distribution of token

US spot Ethereum ETFs see $57 million in net inflows a day after outflows

US spot Ethereum exchange-traded funds (ETFs) swung back to net inflows after just one day. According to Farside Investors on the 9th (local time), total net inflows into US spot Ethereum ETFs came to $57 million (about 83 billion won). Specifically,

US spot Bitcoin ETFs see $144.9 million in net inflows a day earlier…second straight session

US spot Bitcoin ETFs posted net inflows of more than $100 million in a single day. According to Farside Investors on the 9th (local time), total net inflows into US spot Bitcoin ETFs came to $144.9 million (about KRW 211.0 billion). This marked net i

Banking industry: ‘Stablecoin issuers should be vetted for at least a year before getting a Fed payments account’… Clash over ‘skinny accounts’

Major U.S. banking lobby groups are moving to strongly pump the brakes on the Federal Reserve’s proposed so-called “skinny master account (payment account).” According to Bloomberg on the 9th (local time), the Bank Policy Institute (BPI), The Clearin

Bitcoin rebounds as signs of improved U.S. demand emerge…Coinbase premium regains ground

Bitcoin (BTC) has quickly rebounded after plunging to the low-$60,000 range last week, showing signs that U.S. demand is also improving. According to CoinDesk on the 9th (local time), the Coinbase Bitcoin premium index—used as a gauge of demand in th

[Analysis] “Bitcoin: Demand cooling despite continued accumulation by mid-tier holders…upside elasticity likely to remain constrained”

An analysis suggests a clear disconnect is emerging between the positioning of mid-tier Bitcoin (BTC) holders and broader market demand trends. On the 9th (local time), CryptoQuant contributor CryptoZeno said, “Even as price momentum has weakened, mi