{"id":885027,"date":"2026-01-14T08:24:33","date_gmt":"2026-01-14T14:24:33","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/14\/liquidity-evaporates-as-btc-hovers-near-88k-bitmine-stakes-1b-eth\/"},"modified":"2026-01-14T08:24:33","modified_gmt":"2026-01-14T14:24:33","slug":"liquidity-evaporates-as-btc-hovers-near-88k-bitmine-stakes-1b-eth","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/14\/liquidity-evaporates-as-btc-hovers-near-88k-bitmine-stakes-1b-eth\/","title":{"rendered":"Liquidity Evaporates as BTC Hovers Near $88K; BitMine Stakes $1B ETH"},"content":{"rendered":"

Bitcoins <\/p>\n

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Bitcoins
\n Liquidity Evaporates as BTC Hovers Near $88K; BitMine Stakes $1B ETH <\/h2>\n
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Author<\/p>\n

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David Pokima<\/p>\n

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Author<\/p>\n

David Pokima<\/span>\"bitcoins<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Jun 2023<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

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Crypto markets have entered a deep freeze. Bitcoin rose slightly by 1.12% to $88,224<\/a> on Tuesday, while Ethereum was hovering at $2,967<\/a>. Trading volumes across major altcoins have hit their lowest levels of 2025.<\/p>\n

Institutional metrics, however, contradict the price action.<\/p>\n

Bitcoins BitMine\u2019s $1B ETH Stake: A Bullish Indicator Amidst Market Chill<\/span><\/h2>\n

BitMine Immersion Technologies staked 342,560 ETH<\/a> (valued at ~$1B) over the weekend. On-chain data confirms that the move pushed the Ethereum validator entry queue to nearly double the exit queue for the first time in six months. This supply removal creates a coiled spring effect in a low-liquidity environment.<\/p>\n

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\u201cAcquiring $1 billion of ETH is a clear signal of our conviction in Ethereum\u2019s long-term value,\u201d <\/em>BitMine CEO Jonathan Bates stated in a release.<\/a><\/p>\n

The move not only strengthens BitMine\u2019s position as a major validator but also shows the company\u2019s deep institutional commitment to Ethereum\u2019s long-term value proposition, particularly as it continues to expand its total ETH holdings, which now reportedly exceed 4.1 million ETH. <\/p>\n

Additionally, BitMine is actively developing its \u201cMade in America Validator Network (MAVAN),\u201d slated for launch in the first quarter of 2026, indicating a major infrastructure play alongside its substantial asset accumulation.<\/p>\n

Bitcoins California\u2019s Crypto Tax Quake: Unrealized Gains Proposal Sparks Exodus Fears<\/span><\/h2>\n

The \u201c2026 Billionaire Tax Act<\/a>\u201d is also driving capital flight fears. The proposal seeks a 5% annual tax on net wealth above $1 billion, explicitly targeting unrealized gains in crypto assets.<\/p>\n

Critics like Kraken co-founder Jesse Powell argue that this forces founders to liquidate positions to pay taxes on paper profits, potentially triggering structural selling pressure if passed.<\/p>\n

The implications of such a tax extend beyond just billionaires, potentially setting a precedent that could ripple through the entire U.S. crypto industry. The difficulty in accurately valuing often volatile crypto assets for annual tax purposes, especially those with limited liquidity, presents a major practical and administrative challenge. <\/p>\n

Should this bill gain traction, the \u201cpre-emptive exodus\u201d of crypto-native capital from Silicon Valley to more tax-friendly jurisdictions like the UAE or Florida could rapidly accelerate before the 2026 tax year begins, potentially altering the development of the sector and investment within the state.<\/p>\n

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Lyndia Menjivar Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Liquidity Evaporates as BTC Hovers Near $88K; BitMine Stakes $1B ETH Author David Pokima Author David Pokima Part of the Team Since Jun 2023 About Author David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news. Last updated:\u00a0 December 30, 2025 Crypto markets<\/p>\n","protected":false},"author":1,"featured_media":885028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147446,34186],"tags":[11476],"class_list":{"0":"post-885027","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-evaporates","8":"category-liquidity","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/885027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=885027"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/885027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/885028"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=885027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=885027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=885027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}