Our Founder and CEO Jeremy Ng and growth team, Stephanie Chew and Ziqi Zhu, are in Hong Kong for Consensus week.
And we’re also hosting 2 side events for our partners and community.
🟣 High Ground
On 11 Feb, spend the evening at “High Ground”, an exclusive networking event with us and our co-hosts BitGo, Morph, and Zoth.
RSVP here: https://luma.com/xlfqpk7i
🟣 ONE OF US Hike & Coffee
On 13 Feb, end Consensus Hong Kong week with a community-led outdoor event, organized by OpenEden, @Aethir , Aya, @071labs , and @CUDIS .
RSVP here: https://luma.com/6upvgm5o
See you there!
BTC Drops 3.84% Amid Institutional Sales, Market Supply Surge, and Ongoing Volatility
Bitcoin (BTCUSDT) experienced a notable decline over the past 24 hours, with its price on Binance dropping by 3.84% from an opening value of $71,331.03 to $68,589.99. This price movement is largely attributed to recent large-scale sales by institutional holders such as Empery Digital and Cango, which together sold over 4,800 BTC in the past week, contributing to increased market supply and downward price pressure. Despite significant whale accumulation on February 6 (66,940 BTC), and deposits by BlackRock, the market remained volatile amid ongoing consolidation following a 9% correction last week, as well as technical rejections near recent highs. Bitcoin maintains strong trading activity with a current circulating supply of approximately 19.99 million BTC, a market cap near $1.38 trillion, and robust 24-hour trading volumes across major exchanges.
DOGE Slides 4.44% as $850M Liquidated and Whale Moves 450M Tokens Amid Record Trading Volume
Dogecoin (DOGEUSDT) experienced a 4.44% price decline over the past 24 hours, trading at 0.09376 USDT on Binance, following recent volatility and risk-off sentiment in broader cryptocurrency markets, as reported by CoinDesk and other sources. Factors contributing to this downward movement include the liquidation of $850 million in bullish bets and weakness in Ethereum-linked tokens and memecoins, alongside recent whale activity marked by a 450,000,000 DOGE transfer and a significant increase in holder count. Despite the price drop, Dogecoin maintains substantial trading volume—ranging from $758.8 million to $2.66 billion in the last 24 hours—with robust market capitalization estimated between $15.72 billion and $16.31 billion, and the DOGE/USDT pair on Binance remains the most active trading venue.
PEPE Token Faces 5.90% Drop as $584M Whale Inflows Trigger Market Volatility and Consolidation
PEPEUSDT has experienced a 5.90% decline in price over the past 24 hours, currently trading at $0.00000367, attributed to increased volatility and shifting sentiment in the broader cryptocurrency market. Large whale inflows totaling $584 million and concentrated liquidity between $0.00000374 and $0.00000377 were followed by a notable drop in trading volume, as recent market activity shows a decrease of up to 16.70% compared to the previous day. Technical indicators suggest a period of consolidation and indecision, with price movements constrained between key short-term support at $0.00000350-$0.00000360 and resistance at $0.00000395-$0.00000405. PEPEUSDT remains highly active, ranking among the top 50 cryptocurrencies by market capitalization, but recent performance has been negative with a decline of over 11% in the last week and more than 38% over the past month.
$SKR SKRUSDT 📊💎🚀🐳⚡🔥
SKR is currently in a tight compression phase, which often precedes high-energy expansion moves. Volatility contraction signals that the market is storing energy for a future breakout. Volume has declined during consolidation, suggesting selling pressure is fading. Long basing structures typically indicate accumulation by patient, long-term participants. Momentum indicators are flattening near neutral levels, preparing for directional movement. In crypto markets, extended consolidation phases frequently lead to outsized percentage rallies. The longer this structure holds, the stronger the eventual breakout potential.
$BTC /USDT BEARISH PRESSURE AT KEY SUPPORT
Bitcoin is trading under strong selling pressure after rejecting from the $71,500–72,000 supply zone. Price has broken structure to the downside and is now testing the $68,400 support area, where buyers are attempting a short-term defense.
Entry Zone: 68,800 – 69,300
Target 1: 67,800
Target 2: 66,900
Target 3: 65,800
Stop Loss: 70,200
$BTC
{future}(BTCUSDT)
The current price of NKN token is around $0.007, down 40% in the last 24 hours. The market is a bit volatile, with low volume, but NKN's project is about decentralized networks and data transmission - it has good potential in the future of Web3. In the past few days, it was at $0.0088 on Feb 3, now it has dropped, but some traders are saying it could be a bottom.
What will the price be in the future? Some prediction sites say it will be between $0.004-$0.006 by the end of 2026, but others are bullish – it could go up to $0.04-$0.05 if the market recovers. There is a chance of going to the $0.01 to $0.2 range in 2027-2030, if tech adoption increases. But bro, crypto is unpredictable, there are no guarantees. DYOR, do research before investing.
#NKN #Crypto #priceprediction
It started with a small line in the Plasma dashboard that looked almost boring:
“Anchored to Bitcoin: latest checkpoint confirmed.”
No fireworks. No dramatic alert. Just a quiet status update, like it was reporting the weather.
But the more I stared at it, the more I understood why it mattered. In corporate treasury work, nothing is more dangerous than uncertainty. Not price volatility—rule volatility. If a chain’s governance can easily rewrite parameters, freeze flows, or change settlement logic overnight, institutions don’t see “community control.” They see operational risk.
Stablecoin-first gas is already a relief for treasury teams. It means no juggling volatile fee tokens, no constant rebalancing, no awkward explanations in accounting reports. Everything stays denominated in the currency the business actually uses.
But neutrality is the deeper requirement. Payments don’t just need speed. They need protection from pressure—political, regulatory, or coordinated censorship.
Bitcoin anchoring gives Plasma a harder foundation. It makes rewriting history more costly, interference less casual. In that moment, I realized censorship resistance isn’t ideology.
It’s continuity.
#Plasma $XPL @Plasma
$BTC is on the way to $63,000 — WAIT, FAM.
In my earlier BTC post, I clearly mentioned the next weekly direction toward $63,000 when price was trading around $70,500.
So what’s next?
The move was clear from the morning. We got a perfect entry, and now it’s a matter of holding and watching price move toward the target. Minor support reacted, but it isn’t strong enough to push price back to the day’s high. Reaction is done — continuation phase is active.
So who caught it?
And for those still waiting for opportunities — don’t worry. We also nailed $ZEC and $SOL , moving in sync with BTC. Let me know if you’re enjoying these setups or not.
I took a short break waiting for the market to stabilize, but now I’m back with full energy — ready to deliver more short and long scalps. Many more setups are coming.
Follow and stay tuned for the next move 🤝
Also, drop a "LIKE" for the ongoing trades 😌❣️
We got in together — and we’ll finish it together.
#Crypto_LUX
#BTCMiningDifficultyDrop
#BinanceBitcoinSAFUFund
#JPMorganSaysBTCOverGold
#WhaleDeRiskETH