SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.   With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control.  Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles.   Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin.   The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

Bitcoin

Bitcoin is trending as community discussion is abuzz with debated claims linking its origins to an "Epstein connection" amid fierce debate over whether its recent rebound from key support levels signifies a broader rally or a temporary dead cat bounce.

MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem. It also deals with owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support Bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power Bitcoin mining projects. The company was founded on February 23, 2010 and is headquartered in Hallandale Beach, FL.

MARA Holdings Inc.

Marathon Digital Holdings Inc

Marathon Digital Holdings is trending after the French government stalled its key Exaion AI acquisition, casting doubt on the company's diversification strategy and intensifying community criticism of management's competence and the stock's valuation, despite some viewing recent dips as a buying opportunity alongside Bitcoin's volatile movements.

Kaspa was fair-launched in November 2021 with no pre-mine, zero pre-sale, and no coin allocations, and is 100 percent community-managed. Kaspa aims to be the world's global sequencer for traditional finance and decentralized crypto markets by utilizing proof-of-work and its BlockDAG consensus protocol, GHOSTDAG. Being the world's fastest proof-of-work network, Kaspa combines five properties: (1) hard money principles, (2) Bitcoin's ethos of security-first fundamentals (boasting a security threshold of fifty percent with significant market hashrate), (3) decentralization from rapid block rate mining, (4) block speeds faster than any PoW or PoS network, and (5) smart contract development through based-rollups without fragmented liquidity. Ushering in all five properties, Kaspa is on track to fulfill Satoshi Nakamoto's vision of a digital medium of exchange while also advancing global layer-one sequencing and minuscule confirmation times dominated by internet latency (cf. chapter 6 of the the paper for some initial benchmarks). The Kaspa implementation includes a lot of cool features and subprotocols including Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

Kaspa

Kaspa is trending amid a polarizing community debate, as whale accumulation during a broader crypto dip contrasts sharply with frustration over recent price performance and the delayed launch of smart contracts. Many long-term believers remain bullish on its BlockDAG technology and future Tier 1 exchange listings, while detractors label it a 'scam' project.

Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience.   The Hyperliquid L1 is performant enough to operate an entire ecosystem of permissionless financial applications – every order, cancel, trade, and liquidation happens transparently on-chain with block latency &lt;1 second. The chain currently supports 100k orders / second.  The Hyperliquid L1 uses a custom consensus algorithm called HyperBFT which is heavily inspired by Hotstuff and its successors. Both the algorithm and networking stack are optimized from the ground up to support the L1.   The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX. Further developments include a native token standard, spot trading, permissionless liquidity, etc.

Hype

Impending token unlocks are fueling "pump and dump" concerns for HYPE, creating a significant debate within the community. This contrasts with strong bullish sentiment centered on the Hyperliquid platform's high trading volume, aggressive token buybacks, and perceived outperformance against major cryptocurrencies like Bitcoin and Ethereum, attracting growing institutional interest.

SoundHound AI, Inc. engages in the development, owning, and commercialization of voice, sound, and natural language artificial intelligence technologies and related activities. The company was founded on September 2, 2005 and is headquartered in Santa Clara, CA.

SoundHound AI Inc - Ordinary Shares - Class A

SoundHound AI Inc

SoundHound AI is trending ahead of its highly anticipated earnings report, where the community is keenly focused on updates regarding profitability, reduced cash burn, and concrete news on major platform partnerships. Investors are navigating significant price volatility and high short interest, with many maintaining long-term conviction in the company's patented voice AI technology.

GhostwareOS (GHOST) is the Full-Stack Privacy Layer of Solana — a next-generation AI-driven infrastructure for encrypted communication, anonymous identity management, and untraceable transactions. By combining advanced zero-knowledge protocols with autonomous AI routing, GhostwareOS allows users and developers to operate invisibly across Web3. It powers decentralized apps that demand true digital anonymity, scalable privacy, and zero metadata leakage — restoring control to users in an overexposed internet age.

Ghost

GHOST is trending as Solana's privacy layer, drawing community attention for its integration with Solflare Wallet and partnership with Zebec for private payments, with users actively discussing its low market cap and the potential for future revenue sharing.

Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following geographical segments: North America, EMEA, Asia-Pacific, Latin America, and Other. The company was founded by Kevin A. Plank in 1996 and is headquartered in Baltimore, MD.

Under Armour Inc - Ordinary Shares - Class A

Under Armour Inc Class A

Under Armour is experiencing heightened investor interest following a robust earnings surprise and an improved outlook, with management signaling a North American turnaround and strengthening brand momentum. This positive sentiment is further fueled by substantial institutional accumulation, including Fairfax Financial's significant stake increase, igniting community speculation about a potential short squeeze and privatization.

JetBlue Airways Corp. engages in the provision of air transportation services. Its brands include jetBlue, jetBlue Vacations, Paisly, and TrueBlue. It operates through the following geographic segments: Domestic and Canada, Caribbean and Latin America, and Atlantic. The company was founded by David Gary Neeleman in August 1998 and is headquartered in Long Island City, NY.

Jetblue Airways Corp

JetBlue is experiencing significant buzz as recent analyst upgrades and declining oil prices fuel a bullish sentiment, driving community discussion around a potential short squeeze and ongoing speculation regarding a possible acquisition by United Airlines.

Bankr is an advanced AI agent focused on simplifying the process of buying and selling digital assets. Bankr was the first AI agent on Farcaster to help you quickly buy all your favorites coins directly in the social. BankrCoin is the official coin of the agent and was deployed by Bankr itself directly in the Farcaster social feed. Fees from swaps go to support BankrCoin. Bankr is available on Farcaster and will soon be launching a private terminal, token recs, and limit orders on Base.

BankrCoin

BankrCoin (BNKR) is gaining significant traction due to its expanding utility as an AI agent token on the Base ecosystem, now bridging to Solana for seamless cross-chain trades and launching its BankrWallet browser extension. The community is buzzing with optimism over its robust daily fee revenue, strong holder base, and potential as an undervalued asset poised for substantial growth and further price discovery.

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment is composed of products and services relating to productivity, communication, and information services such as Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of public, private, and hybrid server products and cloud services for businesses and developers, as well as enterprise and partner services. The More Personal Computing segment refers to products and services including Windows operating system, Windows cloud services, Surface, HoloLens, personal computer accessories, Xbox hardware, Xbox Cloud Gaming, Microsoft News, and Microsoft Edge. The company was founded by Paul Gardner Allen and William Henry Gates, III in 1975 and is headquartered in Redmond, WA.

Microsoft Corporation

Microsoft Corp

Microsoft is trending amidst a broader software sector sell-off, driven by market skepticism around the substantial capital expenditures on AI, which has brought the stock to key support levels. The community is sharply divided, with many viewing the current valuation as an attractive buying opportunity due to the company's robust fundamentals and strong position in enterprise AI, while others express caution regarding the immediate returns on these massive investments.

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Ethereum

Solana

Ripple

Dogecoin

Cardano

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Nifty 50

Nifty Bank

Reliance Industries Ltd.

Zomato Ltd.

Tata Consultancy Services

Tata Motors Ltd.

HDFC Bank Ltd.

ITC Ltd.

Adani Enterprises Ltd

Axis Bank Ltd

Bajaj Finance Ltd

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SPDR S&P 500 ETF

Apple Inc.

Tesla Inc

NVIDIA Corp

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<ul class="summary-bullets"><li>Hedge fund exposure to BlackRock’s iShares Bitcoin Trust came into focus after Bitwise portfolio manager Jeff Park corrected claims around IBIT options limits on Saturday.</li><li>Park said IBIT continued to operate under a 250,000-contract position cap, while a separate SEC proposal to raise the limit to 1 million contracts remains unapproved.</li><li>Brevan Howard, IBIT’s largest disclosed institutional holder with a reported $2.3 billion stake, drew attention after Bloomberg reported its fixed-income fund will shut to external capital.</li></ul>Hedge fund exposure to BlackRock's iShares Bitcoin Trust (IBIT) came under fire on Saturday. The focus grew after Bitwise portfolio manager Jeff Park addressed misconceptions related to the ETF options limit.Park&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/dgt10011/status/2020244781742367071?s=20">said</a> on X that reports claiming Nasdaq removed options position limits for IBIT were incorrect. He explained that IBIT continued to operate under the standard 250,000-contract position limit, adding that no rule change had granted unlimited leverage on the fund.<a href="https://stocktwits.com/symbol/IBIT'">BlackRock’s iShares Bitcoin Trust (IBIT)</a> was trading at $39.66 and closed up over 9% on Friday. On Stocktwits, retail sentiment around IBIT remained in the ‘extremely bullish’ zone, as chatter stayed in ‘extremely high’ over the past day.He further explained that the Securities and Exchange Commission (SEC)&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/files/rules/sro/nasdaq/2026/34-104649.pdf">filing</a> circulating online applied to other spot Bitcoin and Ethereum ETFs seeking relief from a 25,000-contract cap. He added that a separate proposal filed in November to raise IBIT’s limit to 1 million contracts had not yet been approved,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.federalregister.gov/documents/2025/11/26/2025-21123/self-regulatory-organizations-nasdaq-ise-llc-notice-of-filing-of-proposed-rule-change-to-amend-the">according</a> to the Federal Register.<figure class="image"><a class="st-link-external" href="https://x.com/dgt10011/status/2020244781742367071?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_08_at_1_34_45_AM_png_91da66bd16.webp" alt="Screenshot 2026-02-08 at 1.34.45 AM.png" width="1076" height="1630"></a><figcaption>Bitwise's Jeff Park on the option order limit. Source: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/dgt10011">@dgt10011</a>/X</figcaption></figure>Attention has also turned to hedge fund positioning after disclosures showed Brevan Howard as the largest institutional holder of IBIT, with a reported $2.3 billion stake, according to public filing&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-01-28/brevan-to-shut-golchin-s-hedge-fund-as-focus-turns-to-main-fund">data</a>. Bloomberg reported in late January that Brevan Howard’s $1.4 billion Fixed Income fund would shut to external capital by the end of June, a development that drew market attention amid elevated ETF trading activity.<h2 class="st-heading-2">Record IBIT Trading Sparked Initial Scrutiny</h2>Previously, BitMex co-founder Arthur Hayes said that banks were hedging positions linked to the IBIT ETF, which is why Bitcoin sold off. He brought up Morgan Stanley's "structured note" associated with IBIT, which is essentially a bank wager on Bitcoin. In order to safeguard themselves, these banks had to sell as soon as Bitcoin’s price tanked.Positions in highly leveraged IBIT ETFs had to unwind on Thursday, when the ETF posted record trading volume and elevated options turnover. IBIT also recorded daily net outflows of roughly $175 million that session, while total spot Bitcoin ETFs saw more than $430 million in net outflows.<figure class="image"><a class="st-link-external" href="https://x.com/CryptoHayes/status/2020303703186763914?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_08_at_1_39_07_AM_png_4959df0d5d.webp" alt="Screenshot 2026-02-08 at 1.39.07 AM.png" width="1086" height="1316"></a><figcaption>Arthur Hayes on BlackRock's Bitcoin ETF. Source: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/CryptoHayes">@CryptoHayes</a>/X</figcaption></figure>On Saturday, Hayes<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/CryptoHayes/status/2020303703186763914?s=20"> noted</a> he is compiling outstanding IBIT-linked structured notes to build an internal volatility surface for trading. He added that once the team identifies compelling trigger points, it plans to position accordingly and disclose the trades afterward.Confirmation of any large institutional repositioning would only emerge through quarterly disclosures. U.S. hedge funds are required to report ETF holdings via Form 13F filings within 45 days of the end of each quarter, according to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/rules-regulations/staff-guidance/division-investment-management-frequently-asked-questions/frequently-asked-questions-about-form-13f">SEC rules</a>.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-to-0-a-standing-bid-to-buy-it-all-at-2-cents/cZbs0mkR482">Bitcoin To $0? This Cypherpunk Has A Standing Bid To Buy It All At 2 Cents</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

Are Hedge Funds Really Behind Bitcoin’s Wild Week? BlackRock’s IBIT Comes Under Spotlight Again

Hedge fund exposure to BlackRock’s IBIT drew attention after options-limit claims were corrected and large institutional holdings came into focus.

Equity

Hedge fund exposure to BlackRock’s IBIT drew attention after options-limit claims were corrected and large institutional holdings came into focus.


<ul class="summary-bullets"><li>The crypto market is down about 50% since October, erasing about $2.2 trillion in market cap, The Kobeissi Letter said.</li><li>Bitcoin is down about 10% since Trump’s election, with broad losses across major tokens shown in the post.</li><li>They flagged the October 2025 liquidation spike and said market depth remains more than 30% below its October peak.</li></ul>Bitcoin (BTC)&nbsp;erased its post-election rally on Thursday, according to The Kobeissi Letter, as a broader crypto sell-off left the market down about 50% since October last year.The Kobeissi Letter&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530610038165927?s=20">explained</a> on X that the crypto market’s decline since last October has erased about $2.2 trillion in total market capitalization, after Bitcoin reached an all-time high that same month. It added that Bitcoin is now down about 10% since Trump’s election, describing the move as a full reversal of the post-election advance.<figure class="image image_resized"><a class="st-link-external" href="https://x.com/KobeissiLetter/status/2019530610038165927?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_06_at_5_01_07_AM_png_f267846554.webp" alt="Screenshot 2026-02-06 at 5.01.07 AM.png" width="800" height="1018"></a><figcaption>Market analyst The Kobessi Letter on crypto crash. Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter">KobeissiLetter</a>/X</figcaption></figure><a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530623887770072?s=20">According</a> to the Kobeissi Letter, the selloff was not limited to crypto. The selling pressure spread into other asset classes, with sharp declines in large-cap technology stocks, even when earnings were strong. Microsoft&nbsp;(MSFT)&nbsp;went down by 10.53%, Nvidia&nbsp;(NVDA)&nbsp;was down by 10.7%, and Google&nbsp;(GOOGL/GOOG)&nbsp;was down by 2.66%. It pointed out that the “liquidation gaps” in crypto were carrying over into equities.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was trading at $65,030.20, down by 9.25% in 24 hours. On Stocktwits, retail sentiment around Bitcoin remained in ‘extremely bearish’ territory, while chatter levels remained ‘extremely high’ over the past day.<h2 class="st-heading-2">Liquidations And Market Depth Since October</h2>A chart&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530612898689359">shared</a> by the global markets commentator showed that 6th October marked a record high for total crypto market value at about $4.3 trillion and pointed to 10th October as a “record crypto liquidation.” This marked the biggest liquidation event in crypto’s history, with roughly $19.5 billion in leveraged positions being wiped out over 24 hours, dwarfing the FTX collapse in late 2022.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/KobeissiLetter/status/2019530612898689359/photo/1" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/H_Ab_HY_Mw_Wo_A_Auei_png_d92a4cbcee.webp" alt="HAbHYMwWoAAuei_.png" width="749" height="410"></a><figcaption>Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter">KobeissiLetter</a>/X</figcaption></figure>In the same chart, The Kobessi Letters marked 5th February as the point when crypto “erased” about $2 trillion in market cap, with the market cap reading around $2.34 trillion.The Kobeissi Letter further&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530628547375183?s=20">noted</a> that the decline on Thursday was “particularly noteworthy” because Bitcoin fell more than $9,000 on the day and selling pressure was “constant.” It added that, at times, Bitcoin dropped more than $2,000 in a matter of minutes. The Kobeissi Letter also shared a five-minute Bitcoin-U.S. dollar chart highlighting three intraday “gaps,” with the price shown around $63,338.The thread also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530621014667577">mentioned</a> that Bitcoin traded in a range between mid-November and mid-January before breaking lower around the middle of January this year. According to the posts, about $10 billion in leveraged positions have been liquidated in the last two weeks.&nbsp;The account&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530626353766804">cited</a> weaker market depth, which it described as the capital available to absorb large orders, saying it remains more than 30% below its October peak.&nbsp;Finally, The Kobeissi Letter&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530630963556449/photo/1">addressed</a> where a crypto bottom could form. It said a crypto bottom would come when “structural liquidity” is restored, alongside capitulation in price and leverage and “maximum bearish sentiment,” adding that the market appears “somewhat near that point.”&nbsp;Read also: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/worst-crypto-winter-ever-epstein-files-to-capital-outflows-bitcoin/cZbFeBnR4no">‘Worst Crypto Winter Ever?’ – Analysts Blame Everything From The Epstein Files To Capital Outflows For Bitcoin’s Drop To $65K</a> For updates and corrections, email newsroom[at]stocktwits[dot]com

Crypto Lost $2.2 Trillion Since October As Bitcoin Erases Post-Election Rally

Bitcoin erased its post-election rally by Thursday morning, as crypto fell around 50% below October levels, the Kobeissi Letter said.

$2.2 Trillion Wiped From Crypto Market Since October

Cryptocurrency

Bitcoin erased its post-election rally by Thursday morning, as crypto fell around 50% below October levels, the Kobeissi Letter said.


<ul class="summary-bullets"><li>Joe Weisenthal said the current downturn is the “worst crypto winter ever,” citing multiple pressures, including weaker retail activity, fading institutional support, and structural challenges across the industry.</li><li>Other analysts offered mixed views, with some pointing to leverage and funding stress as key drivers of the sell-off, while others remained optimistic about crypto’s long-term outlook.</li><li>Market data showed continued weakness, with Bitcoin down nearly 48% from its October peak, investor sentiment in “fear” territory, and liquidation activity remaining elevated.</li></ul>Joe Wiesenthal of Bloomberg reported that the current downturn in digital assets represents the “worst crypto winter” on record.Weisenthal shared&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TheStalwart/status/2019452483232272732?s=20">on X</a> a link to his Bloomberg newsletter, saying the market is facing “multiple forces all hitting at once,” ranging from credit risks to weakening retail and institutional participation. He coined the term “the worst crypto winter ever,” outlining&nbsp;ten factors behind the prolonged slump.Weisenthal&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/newsletters/2026-02-05/10-reasons-this-is-the-worst-crypto-winter-ever">added</a> that it is not the deepest decline but the most difficult because “multiple forces” are hitting the market at once. He pointed out that the “we’re so early” narrative has faded as crypto products have gone mainstream, while online hype has weakened and institutions have focused more on stablecoins than existing tokens.<figure class="image"><a class="st-link-external" href="https://x.com/TheStalwart/status/2019452483232272732?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_06_at_3_39_55_AM_png_e4c3672a72.webp" alt="Screenshot 2026-02-06 at 3.39.55 AM.png" width="1198" height="1110"></a><figcaption>A Bloomberg analyst on crypto winter. Source: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TheStalwart">@TheStalwart</a>/X &nbsp;</figcaption></figure><h2 class="st-heading-2">Bitcoin In Epstein Files?</h2>According to the journalist and TV show host, crypto has been a part of the recently released Epstein files as well, with “Bitcoin” showing up 1,512 times in the report. According to a New York Times&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.nytimes.com/2026/02/05/business/epstein-investments-palantir-coinbase-thiel.html">report</a>, some emails mention Jeffery Epstein’s ties with early Bitcoin developers, while stating that he invested nearly $3 million in Coinbase (COIN) back in 2014, after being introduced by crypto entrepreneur Brock Pierce.&nbsp;In the meantime, a major structural tailwind facing Bitcoin&nbsp;(BTC)&nbsp;during the bull run, concerted buying from corporate treasuries, is starting to wane as these companies’ positioning shifts away from net buyer into large holders that could eventually become sources of supply in a bear market. Taken together, these dynamics have put pressure on the crypto market, said Weisenthal.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was trading at $64,732.55, down over 8% in the last 24 hours. On Stocktwits, retail sentiment around BTC remained in ‘extremely bearish’ territory, as chatter continued to be at ‘extremely high’ levels over the past day.&nbsp;<h2 class="st-heading-2">Other Analysts Offer Mixed Views on Market Downturn</h2>Other market commentators have offered differing views on the sell-off. The Short Bear&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TheShortBear/status/2019619742563143755?s=20">shared on X</a> that the decline reflected leverage and funding stress, while another market watcher, Balaji Srinivasan,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/balajis/status/2019372825241682335?s=20">added</a> that he remained “more bullish on crypto”, arguing that short-term price moves mattered less.<figure class="image"><a class="st-link-external" href="https://x.com/balajis/status/2019372825241682335?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_06_at_3_42_01_AM_png_56403dbbfa.webp" alt="Screenshot 2026-02-06 at 3.42.01 AM.png" width="816" height="760"></a><figcaption>Angel investor Balaji Srinivasan on the crypto market. Source: @b<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/balajis">alajis</a>/x</figcaption></figure>Weisenthal’s analysis comes as Bitcoin remains well below its October peak and trading activity across major tokens has slowed. Bitcoin is nearly down by 48% from its October high,&nbsp;with Bloomberg Intelligence analyst Mike McGlone also<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.linkedin.com/posts/mike-mcglone-a8442513_gold-stocks-bonds-activity-7423764398713917440-lwyg">&nbsp;pointing out</a> broader market pressures, comparing crypto’s performance with gold, stocks, and bonds.Market data showed continued stress. CoinMarketCap’s&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/charts/fear-and-greed-index/">Fear and Greed Index</a> remained in ‘extreme fear’ territory, while&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.coinglass.com/liquidations">data from Coinglass</a> indicated high liquidation activity in recent sessions.Analysts and market participants have continued to discuss whether the recent decline reflects a short-term pullback or a longer-term shift in market conditions.In a similar vein, Brett Knoblauch, Head of Digital Assets Research at Cantor Fitzgerald,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=OgTEW09GIdE">said</a> in January that it would be hard to know whether the market is in a long-term ‘bear’ sentiment. He also added that, “If people think we are in a crypto winter, it becomes a self-fulfilling prophecy,” referring to a situation in which buyers step back, selling pressure increases, and prices continue to fall.Read also: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bessent-calls-out-crypto-lobby-nihilists-to-move-to-el-salvador/cZbF5AAR4nN">Bessent Slams Crypto Lobby ‘Nihilists,’ Urges Regulation Holdouts To Leave U.S. Market</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

A person checking Bitcoin’s price outside Bitcoin ATM machine in Krakow's shopping mall, on August 11, 2023, in Lesser Poland Voivodeship, Poland. 

‘Worst Crypto Winter Ever?’ – Analysts Blame Everything From The Epstein Files To Capital Outflows For Bitcoin’s Drop To $65K

 Bitcoin remains nearly 48% below its October peak; analysts cite leverage stress, weak sentiment, and links to Epstein as reasons for Bitcoin’s drawdown.

‘Worst Crypto Winter Ever?’ – Analysts Blame Everything From The Epstein Files To Capital Outflows

Bitcoin remains nearly 48% below its October peak; analysts cite leverage stress, weak sentiment, and links to Epstein as reasons for Bitcoin’s drawdown.


<ul class="summary-bullets"><li>10x Research pointed to the unwinding of earlier cycle investments as a key driver.</li><li>Peter Brandt described the move as campaign selling marked by steadily lower highs.</li><li>Simply put, large-scale withdrawals might be tightening liquidity during a volatile period.</li></ul>Bitcoin’s (BTC) price sank further on Wednesday night, hovering near $70,000 as traders speculated on why Bitcoin is dropping despite improving long-term narratives.The apex cryptocurrency has fallen nearly 20% this year so far, and is trading 40% below its record high of over $126,000 seen in October. According to experts like Bitwise CIO Matt Hougan and Galaxy Digital CEO Mike Novogratz, this may be the tail-end of the crypto winter.&nbsp;<h2 class="st-heading-2">Why Is Bitcoin’s Price Dropping?</h2>Analysts at 10x Research stated that the current drawdown in <a href="https://stocktwits.com/coins/bitcoin">Bitcoin's price</a> is because of a broader reassessment of capital deployed earlier in the cycle, rather than a collapse in conviction around Bitcoin’s long-term role.“Each cycle introduces new narratives and promoters, often successfully attracting billions and, in this cycle, tens of billions of dollars in capital for single investments,” the firm said in a note. “Ironically, it is the subsequent reassessment of these allocations by investors, and the unwinding of the capital raised, that is now exerting downward pressure on Bitcoin.”Veteran trader Peter Brandt&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterLBrandt/status/2019246686166716588">echoed</a> that view, describing the selloff as methodical rather than disorderly. In a post on X, Brandt said Bitcoin’s eight-day pattern of lower highs and lower lows carried “all the fingerprints of campaign selling, not retail liquidation,” adding that such phases can persist without a clear signal for when they will end.<h2 class="st-heading-2">Withdrawals Add Another Layer of Pressure</h2>Binance co-founder Yi He&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/heyibinance/status/2019182356436017522">said</a> members of the crypto community have initiated what she described as a “withdrawal campaign” on the world’s largest crypto exchange, encouraging users to move assets off trading platforms.“Although the number of assets in Binance addresses has increased after the campaign was launched, I believe that regularly initiating withdrawals from all trading platforms is a very effective stress test,” Yi He wrote.&nbsp;<h2 class="st-heading-2">Crypto Sentiment Sours Despite Long-Term Optimism</h2>Broader market sentiment has deteriorated alongside the price action. “Feels like everyone just gave up on crypto,” crypto market water Lark Davis. “Metals and stocks were largely the better investments this cycle unless you got some big memecoin win. Bad times.”On Stocktwits, retail sentiment around BTC dropped lower within ‘extremely bearish’ territory even as chatter remained at ‘extremely high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_05_020204_png_94ce235fbc.webp" alt="Screenshot 2026-02-05 020204.png" width="1271" height="670"><figcaption>BTC retail sentiment and message volume on February 5 as of 12:45 a.m. ET | Source: Stocktwits</figcaption></figure>One user predicted that Bitcoin’s price may fall as low as $69,000 on Wednesday night.<stembedurl>https://www.stocktwits.com/Vlad_Put/message/644061244</stembedurl>Another anticipated a flash crash to $60,000.<stembedurl>https://www.stocktwits.com/Lazer_Ray/message/644060428</stembedurl>The latest move downward in Bitcoin’s price comes after the&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/macro-indicator-bitcoin-traders-watch-has-just-flipped-crypto-analysts-split/cZbiNpeR4lh">market anticipated</a> the apex cryptocurrency would rise following the marked improvement in ISM Manufacturing PMI on Monday. The reading crossed 50, usually a necessary condition for the crypto bull run.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-hits-end-of-winter-moment-michael-burry-mike-novogratz-agree/cZbmUZPR4NM">Bitcoin Hits ‘End-Of-Winter’ Moment? Michael Burry, Mike Novogratz And Matt Hougan Are On The Same Page</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bitcoin symbol is seen on a money exchange point in Warsaw, Poland on March 26, 2023. (Photo by Beata Zawrzel/NurPhoto via Getty Images)

Why Is Bitcoin Dropping? BTC’s Price Slides Towards $70K After A Week Of Lower Highs On 'Campaign Selling'

Analysts say the drop in Bitcoin’s price is because of capital reallocation rather than retail panic selling.

<ul class="summary-bullets"><li>In a post on X, Michael Burry shared a chart comparing the current crypto market slump to the 2022 crypto winter, hinting that the four-year cycle remains intact.</li><li>According to Bitwise CIO Matt Hougan, the market entered a full crypto winter in January, despite earlier strength in Bitcoin.</li><li>Galaxy Digital CEO Mike Novogratz echoes their sentiment, stating that Bitcoin appears closer to a bottom than the start of a new downturn during the company’s fourth quarter (Q4) earnings call.</li></ul>Bitcoin’s (BTC) price has fallen nearly 20% so far this year, sparking fears that the crypto bear market is here to stay. However, “The Big Short” investor Michael Burry, Galaxy CEO Mike Novagratz, and Bitwise CIO Matt Hougan think the worst of the “crypto winter” might be over.&nbsp;In a post on X, Burry charted a comparison between the crypto winter of 2022 and the current slump in&nbsp;<a href="http://stocktwits.com/coins/bitcoin">Bitcoin’s price,</a> with a cryptic “BTC patterns” message, signaling that the four-year cycle may still be intact despite&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/smartest-man-in-the-world-predicts-bitcoin-is-entering-a-decade-long-supercycle/cmyXtzKR4ii">claims to the contrary</a>.<figure class="image"><a class="st-link-external" href="https://x.com/michaeljburry/status/2019189561705001055" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_05_013303_png_51950ebb1c.webp" alt="Screenshot 2026-02-05 013303.png" width="816" height="617"></a><figcaption>Source: @michaeljburry/X</figcaption></figure>Burry’s comments&nbsp;follow his forecast that digital asset treasury (DAT) companies like Strategy (MSTR) could enter a&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/michael-burry-flags-death-spiral-for-mstr-miners-if-bitcoin-price-keeps-falling/cZbSHCsR4ZB">“death spiral”</a> if Bitcoin’s price falls another 10%. He added that crypto miners could face bankruptcy if BTC dips below $50,000.<h2 class="st-heading-2">When Did The Crypto Winter Begin?</h2>According to Hougan, the crypto market entered a “full-blown” winter in January, even though it had been in the making for a while. He said that Bitcoin’s price only reached a record high in October last year because ETF approvals pre-empted the cycle, and traders misread the market because Bitcoin didn’t collapse as altcoins did.<blockquote>“Once you accept that we’re in crypto winter, everything makes sense.”&nbsp;- Matt Hougan, Bitwise</blockquote>“This is peak end-of-winter behavior,” stated Hougan in a “The Wolf of All Streets”&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/live/w3KqS_EsTig">podcast</a> episode with Scott Melker, echoing Burry’s take on the current state of the crypto market. Novogratz also said that Bitcoin’s bottom is near on Tuesday during the company’s fourth quarter (Q4) earnings call, comparing it to porn. “You’ll know it when you see it,” he&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/glxy-stock-tumbes-ceo-mike-novogratz-says-bitcoin-bottom-is-like-porn/cZbSMl0R4Z7">told</a> shareholders.<h2 class="st-heading-2">When Will The Crypto Winter End?</h2>Alternative.me’s Fear &amp; Greed Index&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://alternative.me/crypto/fear-and-greed-index/">stuck</a> at ‘Extreme Fear’, traders rage-tweeting on X, leverage being flushed, and people taking their capital to other parts of the market are all signals that the crypto winter might be over, according to Hougan. “Winters die in exhaustion,” he said. “There’s no news that ever matters in a bear market.”Bitcoin’s price continued to extend its drop on Wednesday night, falling 7.4% in the last 24 hours to around $70,500. On Stocktwits, retail sentiment around the apex cryptocurrency dropped lower within the ‘extremely bearish’ territory as chatter remained at ‘extremely high’ levels.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/michael-burry-flags-death-spiral-for-mstr-miners-if-bitcoin-price-keeps-falling/cZbSHCsR4ZB">Michael Burry Flags Risk Of ‘Death Spiral’ For MSTR, Miners If Bitcoin’s Price Keeps Falling: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.

Bitcoin Hits ‘End-Of-Winter’ Moment? Michael Burry, Mike Novogratz And Matt Hougan Are On The Same Page

Bitcoin’s price has fallen nearly 20% this year, and is currently trading 40% below its record high of over $126,000 seen in October.

<ul class="summary-bullets"><li>Analysts flagged a data-heavy macro week, with rate decisions and U.S. labor reports expected to drive volatility across crypto and risk assets.</li><li>Market commentators warned that Bitcoin’s loss of key technical levels in past cycles has often preceded deeper drawdowns, keeping downside risks in focus.</li><li>Despite a short-term price bounce, Bitcoin saw heavy liquidations dominated by shorts, while retail sentiment remained bearish with elevated chatter levels.</li></ul>Bitcoin (BTC) climbed above $79,000 on Tuesday, rebounding from price levels last seen in late 2024 and putting the spotlight back on the $80,000 psychological mark for traders watching near-term momentum. Analysts warn that U.S. economic data and rate expectations could drive sharp moves in crypto and other risk assets.&nbsp;Bitcoin (BTC) had briefly touched $79,000 before dipping back to $78,469.67, up by 0.7% in the previous day. According to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/bitcoin/historical_data?start=2024-10-31&amp;end=2026-02-02">historical records</a>, Bitcoin’s rebound followed a decline back to price levels last seen in November 2024, a zone that previously saw sustained trading activity.&nbsp;&nbsp;Forbes reported that Yuya Hasegawa, crypto market analyst at Bitbank,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.forbes.com/sites/digital-assets/2026/01/31/worst-case-scenario-crypto-suddenly-braced-for-massive-1-trillion-bitcoin-price-crash/">said</a>, “A break below the key $80,000 psychological level could accelerate selling pressure once again.” He added that, “Should Bitcoin decline another leg lower, oversold conditions and perceived value levels may increasingly attract dip-buying interest.”<a href="https://stocktwits.com/coins/bitcoin">Bitcoin (BTC),</a> trading at around $78,175.11, up 0.9% in the last 24 hours, saw about $81.62 million in total liquidations. Liquidations rose as price volatility increased near key levels. On Stocktwits, the retail sentiment around Bitcoin changed from ‘extremely bearish’ to ‘bearish’ territory, with chatter at ‘extremely high’ levels over the past day.<h2 class="st-heading-2">Macro Data, Technical Signals, And Liquidations Shape Bitcoin Outlook</h2>Analysts at Ostium Labs also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/OstiumLabs/status/2018342001721364679?s=20">warned</a> that markets are entering a data-heavy week, with multiple interest-rate decisions and major U.S. economic releases scheduled. These included ISM manufacturing and services data, job openings, ADP employment figures, weekly jobless claims, and the January nonfarm payrolls report.&nbsp;The report noted that the concentration of Central Bank decisions and labor-market data could increase short-term volatility across currencies and other risk assets as investors reassess growth and interest-rate expectations.<h2 class="st-heading-2">History Points To Volatility Ahead</h2>Bitwise Chief Investment Officer Matt Hougan recently&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://experts.bitwiseinvestments.com/cio-memos/the-depths-of-crypto-winter">described</a> the current environment as a “crypto winter.” He noted that periods of high fear and consolidation have historically preceded longer-term recoveries.Market analyst Ali Charts also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/alicharts/status/2018592173394927973?s=20">pointed</a> out that in past cycles, Bitcoin often saw deeper corrections after losing the 100-week simple moving average, a pattern that has historically preceded drawdowns of “45%-58%.”&nbsp;The broader cross-asset backdrop has continued to weigh on crypto performance. Wintermute&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/wintermute_t/status/2018624339344851125">said</a> Bitcoin’s drop below $80,000 over the weekend triggered $2.55 billion in liquidations, as a delayed risk-off rotation driven by macro and earnings pressures hit risk assets.Read also:<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/djt-trump-token-crypto-pac-funding-us-elections/cZbitG2R4lv"> Why Trump-Linked Crypto Stocks And Tokens Are Back On Traders’ Radar</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

Is Bitcoin Ready To Test $80K Again? Traders Are Watching Liquidation Signals, US Economic Data 

Analysts warned that a data-heavy macro calendar, weak risk appetite, and lingering technical pressures continue to raise volatility risks for crypto markets.

<ul class="summary-bullets"><li>Fidelity Wise Origin Bitcoin Fund led inflows, attracting $152.3 million.</li><li>BlackRock’s iShares Bitcoin ETF followed with $142 million added to holdings.</li><li>Ethereum spot ETFs continued to see outflows.</li></ul>Spot Bitcoin (BTC) exchange-traded funds (ETFs) opened February with $560 million in inflows on Monday, snapping a four-session stretch that saw more than $1.5 billion flow out of the funds.&nbsp;Ethereum (ETH) spot ETFs continued to see outflows, though there was a notable decrease to $2.9 million on Monday, as compared to nearly $253 milllion on Friday last week.&nbsp;<h2 class="st-heading-2">Fidelity and BlackRock Lead Bitcoin ETF Inflows</h2>According to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://farside.co.uk/btc/">data</a> from Farside Investors,&nbsp;<a href="https://stocktwits.com/symbol/FBTC">Fidelity Wise Origin Bitcoin Fund (FBTC)</a> led inflows with $152.3 million flowing in. The ETF edged 0.16% higher in pre-market trading, with retail sentiment on Stocktwits shifting to ‘bullish’ from ‘bearish’ over the past day. Chatter remained at ‘high’ levels. &nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_063438_png_3e919534bf.webp" alt="Screenshot 2026-02-03 063438.png" width="1258" height="141"><figcaption>FBTC retail sentiment and message volume on February 3 as of 4:45 a.m. ET | Source: Stocktwits</figcaption></figure>The&nbsp;<a href="https://stocktwits.com/symbol/IBIT/">iShares Bitcoin ETF (IBIT)</a> followed with $142 million capital being added to its holdings. The fund moved 0.20% higher in pre-market trade. Retail sentiment around the ETF also flipped to ‘bullish’ from ‘bearish’ over the past day, with chatter rising to ‘extremely high’ from ‘high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_063422_png_cfd1d1593e.webp" alt="Screenshot 2026-02-03 063422.png" width="1247" height="145"><figcaption>IBIT retail sentiment and message volume on February 3 as of 4:55 a.m. ET | Source: Stocktwits</figcaption></figure>The&nbsp;<a href="https://stocktwits.com/symbol/ARKB">ARK 21Shares Bitcoin ETF (ARKB)</a> saw $65.1 million in inflows, coinciding with Ark Invest adding shares of the ETF to its ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW). The ETF moved 0.19% higher in pre-market trade, but retail sentiment around the fund remained in ‘bearish’ territory over the past day, even as chatter rose to ‘extremely high’ from ‘high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_063453_png_a525d7c52e.webp" alt="Screenshot 2026-02-03 063453.png" width="1271" height="152"><figcaption>ARKB retail sentiment and message volume on February 3 as of 5:05 a.m. ET | Source: Stocktwits</figcaption></figure>The Bitwise Bitcoin ETF (BITB) recorded $96.5 million in inflows. The Invesco Galaxy Bitcoin ETF (BTCO), VanEck Bitcoin Trust (HODL), WisdomTree Bitcoin Fund (BTCW), and Grayscale Bitcoin Trust (BTC) also posted inflows, but they were modest by comparison.<h2 class="st-heading-2">Crypto Markets Stabilize</h2><a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> edged 0.7% higher in the last 24 hours to around $78,100 – paring gains after clocking an intra-day high of over $79,000. The apex cryptocurrency remains nearly 40% below its record high of over $126,000 seen in October last year.&nbsp;On Stocktwits, retail sentiment around BTC improved to ‘bearish’ from ‘extremely bearish’ territory amid chatter at ‘extremely high’ levels.&nbsp;Meanwhile,&nbsp;<a href="https://stocktwits.com/coins/ethereum">Ethereum’s price</a> edged just 0.2% higher in the last 24 hours to around $2,270. Retail sentiment around the leading altcoin remained in ‘bearish’ territory over the past day, accompanied by ‘extremely high’ levels of chatter.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/cathie-wood-says-i-would-shift-from-gold-to-bitcoin-as-ark-invest-buys-the-dip/cZbikVHR4lf">Cathie Wood Says ‘I Would Shift From Gold To Bitcoin’ As ARK Invest Buys The Dip In Crypto Stocks</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bitcoin ETFs Kick Off February With $560 Million Inflows After $1.5 Billion Selloff

Bitcoin spot ETFs recorded $560 million in net inflows on Monday, snapping a four-session outflow streak.

<ul class="summary-bullets"><li>Analysts broadly see the data as supportive for crypto but disagree on how the impact may play out.&nbsp;</li><li>Real Vision CEO Raoul Pal said PMI strength is a necessary condition for sustained crypto gains.</li><li>Other analysts remain cautious, citing the low likelihood of a new bull market.</li></ul>A surprise jump in the ISM Manufacturing PMI to 52.6 on Monday, marking its first expansion in 12 months, split crypto analysts over what the data could mean for Bitcoin (BTC) and the broader cryptocurrency market.The reading marked the highest level the ISM Manufacturing PMI has been at since August 2022. It was also a notable improvement from December’s 47.9 reading and beat forecasts of 48.5.&nbsp;While most market watchers agree that the numbers are positive for the overall cryptocurrency market, they remain divided on the extent of the impact on prices and how it will play out.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> rose 2.9% in the last 24 hours to around $78,800 – extending its recovery from the weekend flash crash that pulled the crypto market’s value below $3 trillion.&nbsp;On Stocktwits, retail sentiment around the apex cryptocurrency improved marginally to ‘bearish’ from ‘extremely bearish’ territory over the past day, with chatter remaining at ‘extremely high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_024812_png_59927847ab.webp" alt="Screenshot 2026-02-03 024812.png" width="1252" height="136"><figcaption>BTC retail sentiment and message volume on February 3 as of 1:45 a.m. ET | Source: Stocktwits</figcaption></figure><h2 class="st-heading-2">Analysts Split On What PMI Expansion Means For Crypto</h2>“ISM is not everything, and it doesn’t mean up only yet necessarily, but it is a necessary condition for strong crypto prices over time (as in liquidity),” Raoul Pal, Real Vision CEO, said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/RaoulGMI/status/2018502366996070449?s=20">post&nbsp;</a>on X. The former Goldman Sachs managing director is known for correctly predicting the 2011 peak and the 2025 crypto rally.<figure class="image"><a class="st-link-external" href="https://x.com/RaoulGMI/status/2018502366996070449" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_024848_png_e3bea2f084.webp" alt="Screenshot 2026-02-03 024848.png" width="811" height="772"></a><figcaption>Source: @RaoulGMI/X</figcaption></figure>However, others disagree. Host of ‘Colin Talks Crypto’ and creator of the Crypto Bitcoin Bull Run Index (CBBI) stated that while the uptick in ISM is a “nice start”, it’s more than likely that Bitcoin is still in a bear market. “I give this outcome of ISM causing (or signalling) a 2026 extended bull run about a 20% chance of materializing,” he wrote in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ColinTCrypto/status/2018529493275628013">post</a> on X. “It's possible. I won't rule it out. But I don't think it has big odds.”Meanwhile, entrepreneur and investor Mark Chadwick said the PMI reading signals that altcoin season may finally be upon the crypto market. “This PMI chart can’t get any clearer; when PMI is high, we go parabolic,” he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/markchadwickx/status/2018411553360666898">wrote</a> on X.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/markchadwickx/status/2018411553360666898" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_024838_png_6645f608ed.webp" alt="Screenshot 2026-02-03 024838.png" width="833" height="1026"></a><figcaption>Source: @markchadwickx/X</figcaption></figure><h2 class="st-heading-2">Why ISM Manufacturing PMI Matters for Crypto Markets</h2>Crypto commentator Jesse Eckel argued that the PMI’s move above 50 carries historical significance for the crypto market. He noted that major crypto bull runs in 2013, 2017, and 2021 coincided with ISM readings above the expansion threshold.“This entire cycle, since 2021, we’ve been below 50 with only tiny blips above the surface,” he wrote in a post on X. “This is by far the largest move up we’ve had this cycle. Run it hot.”According to Eckel, the PMI itself is less important as a survey and more valuable as an indicator of economic acceleration and liquidity momentum. He explained that when liquidity expands and economic activity accelerates, investors tend to move further out along the risk curve. This usually spells good news for Bitcoin, NFTs, and altcoins across the crypto market. “People don't invest in the riskiest assets when they are scared; they do it when they are greedy,” he said.So far, he noted that the currency cycle has been driven purely by narrative, institutional adoption, and “boomer” ETF money. He forecast the current setup could result in a bigger crypto cycle than the one the market saw in 2021.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/cathie-wood-says-i-would-shift-from-gold-to-bitcoin-as-ark-invest-buys-the-dip/cZbikVHR4lf">Cathie Wood Says ‘I Would Shift From Gold To Bitcoin’ As ARK Invest Buys The Dip In Crypto Stocks</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A Bitcoin sign is displayed on the wall of developers Ciprés and Rilea Group on July 16, 2025, in Miami, Florida. (Photo by Joe Raedle/Getty Images)

This Macro Indicator Bitcoin Traders Watch Has Just Flipped – Crypto Analysts Split On What It Means For BTC

A surprise jump in the ISM Manufacturing PMI to 52.6 on Monday, marking its first expansion in 12 months, split crypto analysts over what the data could mean for Bitcoin (BTC) and the broader cryptocurrency market.

ISM Manufacturing PMI rose to 52.6 on Monday, its first expansion reading in 12 months.

<ul class="summary-bullets"><li>Bitcoin is trading about 35% below its implied long-term fair value.&nbsp;</li><li>Backtesting showed that past extreme deviations always reversed, with strong 12-month returns.</li><li>Based on the historical pace of correction, he projected Bitcoin’s price could reach $113,000 by June 2026, $145,000 by October, and $162,000 by early 2027.</li></ul>A&nbsp;crypto analyst said&nbsp;on Sunday that&nbsp;Bitcoin (BTC) is trading at its deepest statistical discount in history, arguing that long-term mathematical models point to a sharp mean-reversion rather than a slow recovery, on Friday.&nbsp;A managing director of an energy company,&nbsp;David,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/david_eng_mba/status/2017828553254166851">said</a> Bitcoin was trading at a 35.5% deviation below its 15-year power-law trend, calling the move “not an opinion” but a “statistical displacement the market is currently ignoring.” He noted that Bitcoin’s implied power-law fair value sits around $122,425, compared with a spot price near $79,000, placing the asset firmly in a historical “oversold” regime.David&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/david_eng_mba/status/2018183424469877042?s=20">described</a> his framework as rooted in engineering rather than theory, arguing that Bitcoin has a “thermodynamic floor” because every coin requires real energy and work. He noted that when prices approach production costs, miners shut off, issuance slows, and selling pressure collapses, while prices far above cost bring supply back into the market. He described this as a bounded system where price compresses for long periods before snapping higher, which is why mean-reversion models apply.<figure class="image"><a class="st-link-external" href="https://x.com/david_eng_mba/status/2017828553254166851" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_02_at_5_35_03_AM_png_2248ef5435.webp" alt="Screenshot 2026-02-02 at 5.35.03 AM.png" width="1178" height="1388"></a><figcaption>Bitcoin's power law model prices Bitcoin at $122,425. | Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/david_eng_mba">david_eng_mba</a>/x</figcaption></figure><h2 class="st-heading-2">Bitcoin’s Price May Lag Behind Bull Predictions</h2>The analyst back-tested every comparable oversold event since 2010 and found that Bitcoin delivered positive returns over the following 12 months each time. Based on the historical pace of correction, he projected Bitcoin could reach $113,000 by June 2026, $145,000 by October, and $162,000 by early 2027, far below what many<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/no-faith-in-any-given-trade-peter-brandt-pushes-back-on-tom-lee-s-200k-bitcoin-target/cmUeFEzR43i"> bulls had earlier predicted.</a><a href="https://stocktwits.com/coins/bitcoin">Bitcoin (BTC)</a> was trading at $76,712, down by 2.4% over 24 hours. On Stockwits, the retail sentiment around Bitcoin remained in ‘extremely bearish’ territory, as chatter levels around it improved from ‘extremely low’ to ‘extremely high’ over the past day. The apex cryptocurrency last saw this price point in 2024.<h2 class="st-heading-2">Raoul Pal Flags Liquidity Discount</h2>The analyst's view aligned with&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/why-crypto-is-crashing-has-to-do-with-gold-than-binance-or-etfs-raoul-pal/cZbgWOHR4js">comments</a> from Real Vision CEO Raoul Pal, an entrepreneur and macro investor, who said Bitcoin is deeply discounted relative to global liquidity trends.&nbsp;In a recent Coin Bureau podcast, Pal&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=woxx8Onvni0">said</a> Bitcoin should be trading closer to $160,000 based on how global liquidity and the Nasdaq have historically tracked. Pal described the current market as a “technical year,” arguing the gap reflects timing rather than weak demand. If liquidity conditions continue to improve, he said the discount is unlikely to persist.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/tron-justin-sun-trx-price-manipulation-sec/cZbgLxXR4jv">Justin Sun’s TRON Faces Fresh Allegations As Lawmakers Question SEC’s Pause</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

Bitcoin Faces ‘Largest Pricing Error In History’ As Long-Term Models Flash Oversold Signals, Says Analyst

An analyst says Bitcoin is deeply discounted relative to long-term models and liquidity trends, with historical patterns suggesting sharp mean reversion ahead.

<ul class="summary-bullets"><li>Binance added 1,315 Bitcoin worth about $100.7 million to its SAFU insurance fund.</li><li>Binance announced last week that it plans to convert $1 billion in SAFU reserves from stablecoins into Bitcoin.</li><li>The move comes after Bitcoin’s price crashed to around $74,000 over the weekend before rebounding on Monday morning.</li></ul>Binance (BNB) on Monday added 1,315 Bitcoin (BTC) worth about $100.7 million to its SAFU insurance fund, marking the fund’s first Bitcoin purchase in nearly two years.The firm&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/binance-converts-1-billion-reserve-into-bitcoin-after-crypto-market-crash/cmySXqDR41u">announced</a> last week that it would convert its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin over the next 30 days. Data on Arkham, <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/lookonchain/status/2018241302157250940">spotted</a> by LookOnChain, shows that the fund just made its first move with the Bitcoin buy.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/lookonchain/status/2018241302157250940" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_02_041633_png_f9a574d37e.webp" alt="Screenshot 2026-02-02 041633.png" width="823" height="608"></a><figcaption>Source: @lookonchain/X</figcaption></figure>Over the weekend,&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> crashed to November lows of around $74,000. The apex cryptocurrency recovered to around $76,800 at the time of writing, still down 2.5% in the last 24 hours. On Stocktwits, retail sentiment around BTC dropped to ‘extremely bearish’ from ‘bearish’ territory over the past day as chatter remained at ‘extremely high’ levels.<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_02_033421_png_1f6c771394.webp" alt="Screenshot 2026-02-02 033421.png" width="1238" height="156"><figcaption>BTC retail sentiment and message volume on February 2 as of 4:35 a.m. ET | Source: Stocktwits</figcaption></figure><h2 class="st-heading-2">Why Is Binance Buying Bitcoin?</h2>SAFU was created by Binance in 2018 to protect users from losses caused by unexpected events, such as hacks or operational failures. "If the fund's market value falls below $800 million due to BTC price fluctuations, Binance will rebalance the fund to restore its value to $1 billion," the exchange wrote last week.The crypto exchange's purchase of more Bitcoin likely means the fund’s value dipped below $1 billion, and Binance is shoring up reserves. It did not indicate whether additional Bitcoin purchases would follow immediately, though it previously said the full $1 billion conversion would be completed over the coming weeks.The latest purchase marks SAFU’s first Bitcoin buy since 2023, according to on-chain&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://intel.arkm.com/explorer/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD">data</a>. The fund had largely remained static during the past two years while Binance relied more heavily on stablecoins to preserve capital and limit exposure to price swings.&nbsp;<h2 class="st-heading-2">BNB Takes A Hit Amid Crypto Crash</h2><a href="https://stocktwits.com/coins/binancecoin">BNB’s price</a> fell in tandem with Bitcoin, down 2.7% in the last 24 hours. On Stocktwits, retail sentiment around the token remained in ‘bearish’ territory with chatter at ‘high’ levels over the past day.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_02_042744_png_e6eebf618d.webp" alt="Screenshot 2026-02-02 042744.png" width="1260" height="137"><figcaption>BNB retail sentiment and message volume on February 2 as of 4:45 a.m. ET | Source: Stocktwits</figcaption></figure>Some users blamed the exchange for Bitcoin’s price drop, citing market manipulation by Binance.<stembedurl>https://www.stocktwits.com/BackAt8k/message/643604486</stembedurl>The overall cryptocurrency market fell more than 3% in the last 24 hours to $2.66 trillion. According to CoinGlass&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.coinglass.com/liquidations">data</a>, the market saw nearly $800 million in liquidations over the past day.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/why-crypto-is-crashing-has-to-do-with-gold-than-binance-or-etfs-raoul-pal/cZbgWOHR4js">Why Crypto Is Crashing Has More To Do With Gold Than Binance Or ETFs, Raoul Pal Says</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Changpeng Zhao, Co-founder & former CEO, Binance at Centre Stage during the opening night of Web Summit 2022 in Lisbon, Portugal. (Photo By Stephen McCarthy/Sportsfile for Web Summit via Getty Images)

Bitcoin Crashing Prompts Binance To Add 1,300 BTC To Its $1 Billion Safety Fund 

This is the first time in two years that Binance has bought Bitcoin for its SAFU fund.

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