Is Cleanspark Shifting Focus Away from Bitcoin?
Cleanspark's Financial Strategy: Cleanspark plans to issue $550 million in Convertible Senior Notes with a 0% interest rate, primarily using the funds for share buybacks and debt reduction rather than investing in Bitcoin.
Contrast with Industry Peers: This strategy diverges from other Bitcoin mining firms that continue to invest in Bitcoin, raising questions about Cleanspark's capital management and future positioning in the industry.
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Analyst Views on BTC

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Health Solutions: The article discusses innovative health solutions aimed at improving overall well-being and reducing health risks.
Cryptocurrency Portfolio: It highlights the significance of managing a cryptocurrency portfolio, particularly focusing on Bitcoin and Ethereum, to enhance financial stability.

Market Sentiment: Only 14% of cryptocurrency traders reported selling, while 16% were holding cash, indicating a cautious approach as the market cools down after a recent crash.
Buying the Dip: Nearly 50% of respondents are actively purchasing cryptocurrencies at lower prices, with some traders employing dollar-cost averaging as part of their long-term strategy.
Market Recovery: The overall cryptocurrency market saw a 1.2% increase in the last 24 hours, with Bitcoin's price rising to around $78,300 after hitting an intraday high.
Liquidations and Volatility: Significant liquidations occurred on both long and short positions, with Ethereum experiencing the largest forced unwinds, highlighting the market's volatility and traders' reactions to price fluctuations.

Jack Yi's Early Bullish Stance on Ethereum: Jack Yi admitted that his earlier bullish call on Ethereum (ETH) was premature, as the asset failed to rally despite being perceived as undervalued compared to Bitcoin (BTC).
Market Conditions and Performance: Ethereum continues to lag behind Bitcoin amid macroeconomic pressures, with BTC attracting institutional flows while ETH experiences heavy liquidations and underperformance.
Risk Management Focus: Yi emphasized the importance of risk control in trading, acknowledging the challenges of maintaining discipline in a volatile market environment, especially under public scrutiny.
Current Market Sentiment: Ethereum is trading around $2,250, down 6.7% in the last 24 hours, while Bitcoin is at approximately $76,794, reflecting a bearish sentiment in the market for both cryptocurrencies.
Bitcoin Price Movement: Bitcoin briefly fell below $76,000, dropping to $75,719.9 before rebounding to around $79,000, with a 24-hour decrease of 6.24%.
Strategy Cost Price: The drop in Bitcoin's price fell below the Strategy cost price, which is significant for market analysis.
Bitcoin Holdings: As of January 25, 2026, Strategy claimed to hold a total of 712,647 BTC.
Acquisition Cost: The total acquisition cost for these holdings is approximately $54.19 billion, with an average cost of around $76,037 per BTC.

US Bitcoin ETF Net Outflow: The net outflow of the US Bitcoin spot ETF was reported at $147.4 million, with significant contributions from BlackRock and Fidelity.
BlackRock and Fidelity Contributions: BlackRock's Bitcoin ETF saw an outflow of $102.8 million, while Fidelity's Bitcoin ETF experienced an outflow of $44.6 million.
US Ethereum ETF Net Outflow: The net outflow for the US Ethereum spot ETF was $64.6 million, with BlackRock and Grayscale being the main contributors.
BlackRock and Grayscale Contributions: BlackRock's Ethereum ETF had an outflow of $59.0 million, and Grayscale's Ethereum ETF saw an outflow of $14.6 million.
Announcement of New ETF: Grayscale CEO Peter Mintzberg announced the launch of the Grayscale Bitcoin Mini Trust ETF (ticker: BTC), which is now live on the Morgan Stanley platform.
Access to Significant Assets: The ETF provides access to over $7.4 trillion in advisor-managed assets under management (AUM).





