What is the Chen Zhi Bitcoin case about?

It links legal actions involving Prince Group’s founder with potential crypto seizures. China confirmed extradition from Cambodia, and the U.S. reportedly seeks about 120,000 BTC tied to the network. For Hong Kong, this increases regulatory attention on flows, banking links, and OTC routes that could affect near‑term liquidity and pricing.

How large is 120,000 BTC in market terms?

It is about 0.61% of the roughly 19.75 million BTC in circulation. While not market‑breaking on its own, concentrated selling or auction plans can pressure price and sentiment. The impact depends on timing, venue, and whether disposal is staggered, hedged, or coordinated with market participants.

What does Prince Bank liquidation mean for investors?

It adds stress to the Prince Group Cambodia complex and can trigger stricter compliance checks across Asia. For traders, it may slow cross‑border settlement and reduce OTC appetite. Expect tighter due diligence from counterparties and monitor bank, exchange, and custodian communications for any changes to on‑ and off‑ramp processes.

How should HK investors trade BTC around these headlines?

Keep risk tight. Use ATR near US$3,392 to set stops of 1.0 to 1.5 ATR. Focus on levels near US$91,500 support, US$94,800 resistance, the Bollinger middle around US$88,769, and Keltner upper near US$96,541. Scale entries, avoid chasing, and adjust exposure as legal clarity and liquidity conditions evolve.

Law and Government

BTCUSD Today: January 09 – Chen Zhi Extradition, DOJ Eyes 120k BTC

ByHuzaifa Zahoor January 9, 2026

Chen Zhi Bitcoin is in focus for Hong Kong after China confirmed the extradition of Prince Group’s founder from Cambodia, the U.S. DOJ reportedly seeks about 120,000 BTC, and Prince Bank entered liquidation. For BTCUSD, this legal wave adds supply and compliance risks across Asia routes that matter to HK traders. We outline what the Chen Zhi Bitcoin developments could mean for liquidity, price levels, and short‑term strategy, using clear data and practical steps for local investors.