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Bitcoin miner reserves have fallen to historically low levels, shedding about 6,300 BTC in the last 60 days, signaling mining sector stress. Despite ongoing ETF-driven price volatility, on-chain indicators like NUPL and UTXOs in profit suggest the market is approaching, but has not yet confirmed, a full capitulation point. This nuanced interplay between on-chain fundamentals and institutional flows indicates the crypto market bottom could be closer than many anticipate.

Kyle Samani, co-founder of Multicoin Capital, has publicly criticized the concept of hyperliquidity in crypto markets. His comments have sparked speculation about his departure from Multicoin Capital. The critique reflects increasing debate over the sustainability and risks of hyperliquid market conditions in crypto investing.

Bitcoin mining is experiencing a notable reset driven by weaker, less efficient miners exiting the market. This shift is expected to improve the overall health and sustainability of the Bitcoin network. The departure of these miners may lead to increased profitability and opportunities for stronger mining operations.

Metalpha Technology Holding Limited, a Nasdaq-listed blockchain technology firm, approved a plan to allocate up to 20% of its annual net profit for Bitcoin purchases. The company has already allocated $3.2 million, and executed a $1 million Bitcoin purchase on February 9. This move signals corporate confidence in Bitcoin as a strategic asset.

Block, Jack Dorsey's Bitcoin payment company, has started notifying employees about potential layoffs affecting up to 10% of its workforce. This move is part of a larger 2024 restructuring effort aimed at increasing operational efficiency and integrating Cash App with Square's merchant services. The company is expected to release its quarterly financial results on February 26.

Bitcoin has plunged more than 50% from its all-time high near $126,200 in October 2025. Analysts attribute the decline to three main factors: leveraged selling triggered by Asian capital using yen borrowing, banks' forced asset sales due to hedging Bitcoin structured products causing a negative Gamma effect, and mining firms reallocating assets as they pivot towards AI data center businesses. These elements combined have intensified the downward pressure on Bitcoin’s price.

Matrixdock has launched its gold-backed token XAUm on the Solana network. The token is fully collateralized, LBMA-certified, audited, and redeemable for physical gold. This launch integrates a traditional asset with blockchain technology to offer investors a tokenized form of gold on a high-performance network.

The cryptocurrency market started the week under downward pressure with Bitcoin dropping about 2.8% in 24 hours but remaining above $60,000. Derivatives data reveal increased risk aversion, highlighted by a significant rise in short-term implied volatility and a defensive options market stance with call options falling to 48%. The market is divided on whether this signals the start of a deeper bear cycle or a near-term bottom.

Dragonfly's Managing Partner Haseeb challenges a16z partner Chris Dixon's views, arguing that financial crypto applications are the primary drivers of crypto adoption, not non-financial use cases. He states that large-scale adoption correlates with financial functionalities despite heavier regulation and scam-related challenges in this sector. According to Haseeb, market demand has not validated many non-financial crypto use cases, and the industry’s growth can be sustained through innovations in financial crypto alone.

Ethereum has recently crossed the $2,000 price mark following Bitcoin's rally but continues to face downward pressure across multiple time frames. Analysts debate whether this recovery is sustainable or merely a short-lived bounce due to short position liquidations. While some forecasts predict a significant rally toward nearly $3,900 by mid-2026, ongoing market volatility and fragility cast uncertainty over Ethereum's near-term outlook.

Binance’s SAFU Fund recently purchased an additional 4,225 BTC, raising its total Bitcoin holdings to 10,455 BTC worth approximately $734 million. This accumulation is part of a strategy to convert a $1 billion stablecoin reserve entirely into Bitcoin over 30 days, sparking debate on whether this signals broader crypto market cycles. Historical data suggests SAFU’s asset conversion patterns have coincided with significant market turns, but it remains uncertain if this is predictive or coincidental.

In the second week of February 2026, key blockchain projects Connex (CONX), Avalanche (AVAX), and Aptos (APT) will unlock significant token supplies totaling over $278 million. These unlocks range from 0.32% to 1.56% of their circulating supplies and are expected to impact short-term price volatility. Additional unlocks from projects like Starknet, Linea, and Movement could further influence market dynamics during this period.

Binance Wallet will launch the ESP token Pre-TGE Prime Sale on February 10, using an oversubscription subscription model. Each participant can invest up to 3 BNB, with token allocation distributed proportionally based on total deposits. Participants must hold Binance Wallet points and will claim their ESP token allocations on the BNB Smart Chain after the sale.

Bitcoin mining company Cango sold 4,451 bitcoins last weekend, receiving about $305 million in USDT proceeds. The entire amount was used to partially repay a Bitcoin-backed loan. This move is intended to strengthen the company's balance sheet by lowering financial leverage and supporting its strategic growth in AI computing infrastructure.

Strategist Hassan Fawaz highlights that significant deviations in January's U.S. non-farm payroll data could cause abrupt volatility in forex and bond markets. A weaker-than-expected report may spur concerns over labor market strength, boosting expectations for monetary easing and pressuring the dollar. Conversely, stronger data could support the dollar and push U.S. Treasury yields higher by challenging easing expectations.

Bitcoin and major cryptocurrencies have continued their downward trend as traders adjust their positions towards risk-off strategies. Derivatives market data indicate a shift in sentiment favoring downside protection. This move reflects increased caution among market participants amid uncertain conditions.