The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

On January 6, according to Sina Finance, a British IT engineer accidentally threw away a hard drive containing 7,500 Bitcoin private keys as garbage. Based on the estimate of Bitcoin’s high of $35,000 that day, these 7,500 Bitcoins are worth about $260 million. Due to the huge amount, this news caused widespread discussion among netizens, and topics created around the incident also appeared on Weibo's hot topics.

In fact, news of lost Bitcoins has always attracted a lot of attention in history. In 2013, a Welshman named James Howells accidentally threw away an old hard drive containing his Bitcoin private keys, resulting in the loss of 7,500 Bitcoins. In late 2013, when the price of Bitcoin reached $980, Australian Howard Alex suddenly remembered his Bitcoin wallet. But when Howard inserted the USB memory stick to try to regain access to the files, the memory stick broke and the Bitcoins in the wallet were lost.

According to a report released by blockchain analysis company Chainalysis in June 2020, at least 3.7 million Bitcoins have not had any operations for more than five years. Crypto data company Glassnode estimates that approximately 3 million Bitcoins have been lost forever. There are even suggestions that Bitcoin’s most mysterious creator, Satoshi Nakamoto, may have lost his private keys, as none of the 1 million Bitcoins he mined have ever been touched.

Research Society believes that for a long time, a large number of Bitcoins have been lost due to factors such as loss of private keys and incorrect transfers, and the continued loss of Bitcoin has also brought about expectations of a reduction in its future supply. According to the setting of Bitcoin, its total supply is 21 million, but the lost Bitcoin will cause its actual supply to fall short of 21 million. The reduction in supply will greatly increase the scarcity of Bitcoin. On the other hand, more and more institutions are optimistic about the growth value of Bitcoin, thus buying and holding large amounts in the market, which will also affect the actual circulation of Bitcoin in the market. Currently, the total number of Bitcoins is 21 million, while the previous daily output was 1,800. From the perspective of market flow, the Bitcoin inflation rate is 3.7% per year. After the halving, this number will drop sharply to 1.8%. Under the expectation that the total supply and market circulation will continue to shrink, the supply of Bitcoin will become a long-term state now and in the future, which will eventually continue to boost the price of Bitcoin and set new historical highs repeatedly.

Market analysis

BTC rose and fell during the day, reaching a new all-time high

According to data from the Huobi trading platform, BTC experienced a wave of rise in the early morning. In the morning, it formed a short-term sideways consolidation range along the 33900 line below the previous consolidation range. At noon, the volume increased again, reaching a maximum of 35781.00USDT, setting a new historical high again. Subsequently, the short-term selling pressure was released to a certain extent. After a slight decline, it basically recovered the midday gains and returned to the morning consolidation range of 33900. At the one-hour level, BTC has once again broken through the previous high after oscillating in the past three days, but the short side still has some strength, and the volatile market may continue for some time. In the evening, continue to pay attention to the changes in trading volume, the breakthrough of 35400 above and the support of 32700 below.

According to data from the Huobi trading platform, the ETH market is relatively stable. After rising slightly in the morning, it shrank sideways at the 1095 line, and then dropped slightly, as low as 1057.55USDT. After that, it quickly rebounded in volume and continued to shrink sideways at the 1108 line. At the one-hour level, ETH's triangular fluctuation range has gradually narrowed, and the market has returned to the previous sideways consolidation, or will consolidate in the short term to digest the previous shock market. From a daily perspective, ETH has enjoyed five consecutive positive days and is currently at an absolute high. In the evening, continue to pay attention to the changes in trading volume, the breakthrough of 1140 above and the support of 1070 below.

In terms of contracts, Huobi Contract big data shows that BTC contract positions increased slightly, contract trading volume decreased slightly, and the contract market was inactive. The basis of the delivery contract increased slightly, and the funding rate of the perpetual contract increased slightly.

ETH contract positions increased slightly, contract trading volume decreased slightly, and the contract market was inactive. The basis of the delivery contract increased slightly, and the funding rate of the perpetual contract increased slightly.

The quoted price of USDT in the OTC market of Huobi Global Station is 6.41 yuan.

According to data monitoring from Huobi Research, the total DeFi lock-up volume (TVL) increased slightly to US$28.85 billion today, and the actual lock-up volume increased slightly to US$20.67 billion. Among them, Synthetix has a larger increase, reaching 17.09%. Total Defi trading volume dropped slightly today, reaching $1.75 billion. Among them, dYdX dropped significantly, reaching 30.12%.