January 14 Futures Market Update

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January 14 Futures Market Update

Bitget2025/01/14 06:00

By:Bitget

Bitcoin Under Pressure as Goldman Trims Fed Rate Cut Expectations, BofA Sees Potential Hike After Blowout Jobs Report

Bitcoin (BTC) started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday's strong jobs report. The leading cryptocurrency by market value dipped below $93,000 during the European hours, representing a 1.6% drop on the day. Prices looked set to test the support zone near $92,000, which has consistently acted as a floor since late November.

In traditional markets, futures tied to the S&P 500 traded 0.3% lower, pointing to an extension of Friday's 1.5% drop that pushed the index to the lowest since early November. The dollar index (DXY) neared 110 for the first time since late 2022, with elevated Treasury yields supporting further gains.

Data released Friday showed nonfarm payrolls increased by 256,000 in December, the most since March, surpassing expectations for 160,000 job additions and the previous figure of 212,000 by a big margin. The jobless rate declined to 4.1% from 4.2%, and the average hourly earnings came in slightly lower than expected at 0.3% month-on-month and 3.9% year-on-year.

That prompted Goldman Sachs to push out the next interest rate cut to June from March. "Our economists now expect the Fed to cut just twice in 2025 (Jun/Dec vs Mar/Jun/Dec previously), with another rate cut in June 2026, Goldman's Economic Research note to clients on Jan. 10 said. "If December's FOMC decision marked a significant shift back towards inflation in the Fed's relative weighting of risks, the December jobs report may have completed the pendulum swing. The soft average hourly earnings figure kept the print from sending a more alarming re-heating signal, but the case for cutting to mitigate risks to the labor market has faded into the background," the note explained.

Source: CoinDesk

Futures Market Updates

More bulls were eliminated after a better-than-expected U.S. job report.

Bitcoin Futures Updates

Total BTC Open Interest: $56.76B (-0.40%)

BTC Volume (24H): $147.61B (+153.45%)

BTC Liquidations (24H): $104.78M (Long)/$56.76M (Short)

Long/Short Ratio: 49.16%/50.84%

Funding Rate: 0.0083%

Ether Futures Updates

Total ETH Open Interest: $28.52B (-2.80%)

ETH Volume (24H): $69.92B (+177.59%)

ETH Liquidations (24H): $140.67M (Long)/$56.80M (Short)

Long/Short Ratio: 47.65%/52.35%

Funding Rate: 0.0058%

Top 3 OI Surges

AVAAI: $16.53M (+242.30%)

A8: $3.05M (+110.06%)

OVER: $92.32K (+81.37%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ZEC drops 20.91% in a week as surging retail activity heats up the futures market

- Zcash (ZEC) rose 0.28% in 24 hours but fell 20.91% weekly amid volatile derivative markets and shifting demand. - Stagnant shielded pool activity, including the Orchard and Sapling pools, signals weakening demand for ZEC's privacy features. - Overheated retail-driven futures markets and declining open interest highlight risks of sharp corrections after historical patterns. - ZEC approaches critical $436 support level, with analysts warning of potential 30% declines if technical indicators break.

Bitget-RWA•2025/11/29 01:08

ZEC drops 20.91% in a week as surging retail activity heats up the futures market

DASH Rises 54.08% Over the Past Year as Institutions Invest and Earnings Announced

- DoorDash (DASH) surged 54.08% in 12 months amid strong institutional buying, including Jefferies' 40.7% stake increase and Vanguard's $10.15B holdings. - Q3 earnings missed estimates ($0.55 vs $0.68) but revenue grew 27.3% to $3.45B, with analysts maintaining "Moderate Buy" ratings and $275.62 average price targets. - Insider sales totaling $15.4M contrasted institutional confidence, as DASH trades at $81.1B market cap with 95.47 P/E ratio, reflecting long-term growth bets in on-demand commerce.

Bitget-RWA•2025/11/29 01:08

DASH Rises 54.08% Over the Past Year as Institutions Invest and Earnings Announced

Ethereum Updates Today: Vitalik Buterin: Privacy Should Be Considered Digital Hygiene, Not an Exclusive Privilege

- Ethereum co-founder Vitalik Buterin donated 256 ETH ($800,000) to privacy-focused messaging platforms Session and SimpleX, advancing metadata privacy in digital communication. - The platforms use decentralized infrastructure and avoid centralized identifiers, addressing vulnerabilities in traditional messaging systems through unique approaches like service nodes and user-controlled servers. - Buterin's move counters EU regulatory pressures on encrypted messaging, emphasizing privacy as a fundamental righ

Bitget-RWA•2025/11/29 00:50