**Market Hotspot Brief | January Market Observation**

In terms of market trends, Solana has shown strong upward momentum, and market expectations for a super cycle are heating up. A senior executive from a leading exchange expressed the view that a super cycle is imminent. Although this assessment could be incorrect, it reflects the market's optimistic outlook for subsequent price movements.

Regarding Federal Reserve actions, institutional analysis indicates that the market has priced in no rate cuts in January, with the earliest possible rate cut cycle beginning around June. This has a significant impact on the overall rhythm of the crypto market.

Large on-chain transactions have attracted attention. A whale withdrew 1320 BTC from a major exchange within 2 hours, worth nearly $120 million, indicating active position adjustments by large holders. Meanwhile, the co-founder of F2Pool marked address transferred 4000 ETH to an exchange.

From a capital perspective, US banks have continued to increase their Bitcoin holdings during market downturns, signaling clear institutional deployment. Additionally, data from Bitfinex shows that whale activity has cooled down, and bullish traders are retreating, which may be a sign of market consolidation before expansion.

In terms of financing, KOLECT completed a $1.2 million Pre-Seed round led by a well-known institutional investment arm, demonstrating that Web3 funding remains hot.

Furthermore, Meme tokens on the BSC chain are performing explosively—"I’m Coming" briefly surpassed $50 million in market cap, and "Laozi" also exceeded $10 million. The BSC ecosystem's heat cannot be underestimated. The STBL project also released its Q1 roadmap, planning to deploy the mainnet and advance lending and yield application implementations.