The week of February 2–8, 2026, can be characterized as a capitulation and cleanup phase, where excess leverage was removed and sentiment reached extreme pessimism. While such conditions are often necessary for longer-term stabilization, there is currently no clear evidence of a broad risk-on transition.

The market remains sensitive to liquidity conditions, institutional flows, and macro developments.

BTCUSDT

Perp

67,997.5

+0.10%

ETHUSDT

Perp

2,010.7

+2.20%

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