BTC has fallen below $69,000, market volatility should be monitored
Market data shows that the price of Bitcoin (BTC) has fallen below $69,000, currently quoted at $68,983.9, with a decline of 3.72% in the last 24 hours. The market is currently quite volatile, reminding investors to manage risk effectively.
Ark Invest sold over $19 million in Coinbase shares
According to Bitcoin.com News, Ark Invest sold more than $19 million worth of Coinbase shares last Thursday. The reason was that Bitcoin had previously plummeted to nearly $60,000, prompting the company to reduce its holdings by 119236 shares of Coinbase ($COIN) in its ETF.
The Governor of the South African Reserve Bank warns of the risks associated with stablecoin usage.
Lesetja Kganyago, Governor of the South African Reserve Bank, warned that as stablecoins become more popular, the associated risks are also rising, and these types of crypto assets carry a 'fragmentation' risk. At the 2026 Warwick Economic Summit, he stated that central banks need to protect the unity of currency and the affordability of public access to currency, reiterating the fragmentation risks that stablecoins may pose.
SushiSwap will be integrated into the Solana chain and officially launched tomorrow
On February 8, news came that SushiSwap's Managing Director Alex announced that SushiSwap has reached a partnership with Jupiter and will soon be integrated into the Solana blockchain. At that time, it will support trading on the Solana chain and cross-chain asset exchanges between Sol and EVM networks. Users will also be able to trade Meme coins, tokenized stocks, RWA assets, etc., on the Solana chain through SushiSwap, with the launch date set for February 9.
Whales have withdrawn and transferred over 50,000 ETH within 24 hours
According to Onchain Lens monitoring, in the past 24 hours, the whale address '0x28e' withdrew 50,415 Ethereum ($ETH), equivalent to approximately $10.454 million, and transferred these ETH to multiple different wallets, among which address '0x3E1' holds 50,155 ETH (approximately $10.453 million).
Bitwise advisor interprets market selling pressure reasons
Bitwise advisor Jeff Park published an analysis of the recent market crash, first clarifying that the claim 'Nasdaq cancels IBIT options position limits, gives Wall Street unlimited leverage' is untrue. BlackRock IBIT and BITB have always maintained a position limit of 250,000, with the SEC only raising the position limit for spot ETFs like FBTC and ARKB to 250,000 to ensure fairness. He stated that the market selling pressure does not come from fundamental changes in the crypto industry or a single black swan event, but rather from de-risking in traditional finance and derivative mechanics, with selling pressure mainly coming from 'paper funds' and non-directional trading related to hedging and market making, rather than long-term fund withdrawals, and future ETF net inflows are worth paying attention to.
Bitcoin social sentiment has reached a nearly 4-year low, with the bottom possibly at $58,000
Analyst @alicharts cited Santiment data showing that the Bitcoin social sentiment index has fallen to its lowest point in nearly 4 years, indicating that retail panic sentiment has peaked. From a technical perspective, Bitcoin is currently close to the 200-week moving average (currently around $58,000), which has repeatedly become the bottom and accumulation area for Bitcoin during past bear markets over the last 12 years.
Viewpoint: The current crypto bear market is caused by the combined effect of 15 major factors
On February 7, news came that renowned Argentine economist and senior crypto trader Alex Krüger stated on social media that the current crypto bear market is not caused by a single factor. He summarized 15 core driving factors, including '1011' major liquidations, weakening of treasury company stocks, quantum threats, AI substitution effects (capital, talent, mining companies turning to AI), Trump political risk, and insufficient innovation in the crypto industry. This view was supported by Nic Carter, the father of smart contracts, who believes that this crypto transition to a bear market should not be attributed to a single event, and that many of the aforementioned factors are quite tricky.
Bitcoin's market value has fallen to the 14th largest asset globally
According to 8marketcap data, Bitcoin's market value has fallen out of the top 10 global assets, currently ranked 14th; Ethereum's market value has also fallen simultaneously, currently ranking 75th among global assets.
Coinbase CEO: Bullish on the crypto industry in the long term, unaffected by short-term fluctuations
Coinbase CEO Brian Armstrong stated that the crypto market has experienced significant volatility in the past few days, but this is not new in the industry, as the crypto industry has undergone multiple market cycles. His personal view on Bitcoin has not changed; he remains bullish on the crypto industry in the long term, believing it is rapidly reshaping traditional financial services. Regardless of the market environment, Coinbase will continue to promote product and business development, fulfilling its mission of updating and upgrading the financial system.
The probability of the Federal Reserve maintaining interest rates unchanged in March has risen to 84%
Polymarket data shows that the market predicts the probability of the Federal Reserve maintaining the current interest rate unchanged in March has risen to 84%, correspondingly, the probability of a 25 basis point rate cut has fallen to 15%. As of now, the trading volume of this predicted event has reached $75,991,850.
Disclaimer: The content described in this article is for reference only and does not constitute any investment advice. Investors should rationally view cryptocurrency investments based on their own risk tolerance and investment goals, and should not blindly follow the trend.