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Crypto opened the new week with a real flash crash. In just two hours, $BTC ( ▼ 3.9% ) dropped from $95,500 all the way down to $91,900 🥶

Yeah, Trump announced he would impose tariffs on multiple countries until the U.S. “gets to buy Greenland.” $BTC reacted negatively with heavy selling 🥶

Here’s what we got for you today:

• 👀 Best indicator to predict real dip

• ⭐ Gold >>> BTC amid US-EU tariff war

• ⭐ Trove Markets dumping $10M HYPE?

• 🔥 Burning hot takes for the road

📉 How to Catch a Falling Knife Without Losing Your Fingers

We all know the saying "Be greedy when others are fearful," but measuring "fear" is hard. So this guide is for who love buying the dip but hate getting wrecked when the dip keeps dipping.

You’ll explore a specific indicator that quantifies panic to tell you exactly when the market is capitulating 👇

🏆 GOLD VS. $BTC DURING US–EU TARIFF WAR

Markets are splitting in two one more time. As U.S.–EU tensions over trade heat up, investors are fleeing to gold, while Bitcoin is taking a hit.

Like I said above, President Trump announced a 10% tariff on imports from 8 EU countries (France, Germany, UK, Denmark, etc.) starting Feb 1.

That number jumps to 25% on June 1, until the U.S. can buy Greenland. Yep, still chasing that dream.

The EU immediately pushed back.

Costa and von der Leyen backed Denmark + Greenland, and now the EU is considering a €93B retaliation package, maybe even blocking U.S. companies from the EU market. Then:

• Gold soared as investors rushed to traditional safe havens

• Silver hit $94/oz, also an all-time high

• Stock markets opened red

At the time of writing:

• BTC is down to $92.5K, a 2.67% drop in 24h

• $98B wiped from total crypto market cap

• Over $780M of Longs were liquidated in one day

• In just 60 minutes, $500M in BTC longs got wiped

Even though BTC is often called “digital gold,” it sure didn’t behave like it.

While gold surged on the fear, BTC moved like a risk asset again, just like it did last October. Experts are also split:

• Timothy Peterson said BTC didn’t budge for 36 hours until Asian institutions stepped in

• Crypto Rover warned this week could shake the whole market, especially if EU follows through with retaliation

  • He also mentioned the upcoming Supreme Court decision as another big unknown

Will Bitcoin catch up to gold, or is the “digital gold” story starting to fall apart?

Mike McGlone (Bloomberg) says the BTC-to-gold ratio could drop to 10x, meaning gold will likely outperform.

Peter Schiff (of course) says Bitcoin’s failure to rally confirms it’s not digital gold and that a crash is coming.

Peter Brandt adds that USD-based assets are likely to lose ground to physical commodities, and altcoins may become even more worthless than $USD ( ▼ 0.5% ) .

If Bitcoin can’t act like gold in times like these, maybe it’s time to stop pretending it will.

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🧨 TROVE MARKETS DUMP $10M IN HYPE AMID FRAUD CONCERNS

Trove Markets, a Web3 DEX platform built on Hyperliquid’s HIP-3 protocol, is under fire after allegedly dumping $10M worth of $HYPE ( ▼ 2.34% ) tokens within 24 hours 😬

Let me briefly break down for you:

• The tokens were originally meant for staking, preparing for their upcoming DEX launch

• But they were suddenly sold off from a wallet directly linked to the project

• The founder publicly said he didn’t control that wallet and even asked for it to be frozen

• …but just minutes later, it kept dumping, ending with 194,273 HYPE sold

That’s roughly half the tokens Trove got from their $20M ICO (they raised that much to buy 500K HYPE for staking).

Meanwhile, the token was already down 60% from its ICO price.

Onchain data confirms it started with a ~6,196 HYPE sell ($160K), then quickly escalated. By end of day, they’d offloaded over $10M worth.

Other shady stuff the community’s pointing out:

• Trove’s ICO was already sketchy: rushed timeline, oversubscribed, and ended up raising $11.9M at a $20M fully diluted valuation

• Polymarket bettors lost ~$73K guessing on the ICO success

• Trove allegedly paid influencers $5K/month to hype HYPE

• Even worse, reports say the team tried to hide Iranian team connections

• They were also linked to XMR1, a project already known for drama

• And apparently they delayed staking their tokens… which is now raising more eyebrows

Meanwhile, Hyperliquid Foundation stepped in fast, donating 10,000 HYPE to investigator ZachXBT (legend). He’s now looking into whether this was an inside job or just awful wallet security.

Mainnet is still planned for Feb 2026. But the Token Generation Event (TGE) just got pushed back 2 hours, now set for 4PM UTC, Jan 19.

Trove hasn’t replied to media questions yet. But yeah, this has rug vibes all over it.

Whether it’s fraud, gross negligence, or a hacked wallet, the result is the same, community trust is shattered.

If you’re investing in new DeFi projects, never go all-in on a shiny new DEX promising decentralization with zero track record.

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🔥 BURNING HOT TAKES FOR THE ROAD

Yat Siu declares the "Trump Moment" for crypto is dead. We pumped all 2025 betting on Trump saving it but it never came. Read more

ETHGas launched its governance token GWEI, and the airdrop is going to everyone who has ever paid gas on Ethereum. Read more

Pudgy Penguins ($PENGU ( ▼ 17.97% ) ) just teamed up with Manchester City to launch a premium line of collectibles and merch. Read more

Polygon laid off nearly 30% of its team right after Polygon completed 2 acquisitions worth over $250M. Read more

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.