GateNewsBot

On February 5th, the cryptocurrency market continued to be under pressure. Bitcoin's price dropped below $70,000 on Wednesday, hitting a new low since Donald Trump was elected President of the United States. Over the past 24 hours, major altcoins including Ethereum (ETH), BNB, Ripple (XRP), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) all declined by 6% to 10%, and market panic has significantly increased.
According to Coinglass data, in the past day, the global crypto market liquidations exceeded $800 million, with 165,000 traders facing liquidations. The largest single liquidation on the Hyperliquid platform reached $11.36 million. Options trading for Bitcoin and Ethereum shows increased downside risk, with the 25 delta skew decreasing, indicating that the short-term bear market may continue. Glassnode data shows that the three-day moving average of net realized profit and loss decreased by $317 million daily for the first time since 2022, indicating reduced liquidity and market pressure.

Despite the continuous decline in Bitcoin prices, U.S. spot Bitcoin ETF holders still demonstrate relatively strong confidence. ETF analyst James Seifert stated that since the launch of U.S. products in January 2024, Bitcoin ETF holders have experienced approximately 42% paper losses, but their overall willingness to hold remains strong. Seifert said, “The ETF’s performance remains quite good,” and recent outflows are insignificant compared to the inflows during market peaks.
According to preliminary data from Farside Investors, before the decline in October, Bitcoin ETF net inflows were about $62.11 billion, now down to approximately $55 billion, indicating that investors are still collectively holding. Analyst Jim Bianco pointed out that the average holder of Bitcoin spot ETFs is at a 24% loss but continues to hold their positions. Ki Young Ju, CEO of CryptoQuant, added that most Bitcoin analysts in the market currently hold a bearish view, but ETF investors remain patient.

UBS Group's asset management arm, EFG International, believes that gold prices may pull back due to the sharp fluctuations in gold prices on January 29. EFG economist Mandruzzato pointed out that the easing of tensions in Iran and the appointment of the new Federal Reserve Chair could reduce demand for gold.

Liquid Capital founder JackYi shared his entrepreneurial and investment experiences on Twitter. He talked about transitioning from startup success to entering the crypto space, earning profits through continuous long positions, but also experiencing significant losses during the bear market. He emphasized that while being optimistic about the market and managing risks, caution is still necessary when bottom-fishing.

According to Coinbob monitoring, the whale "Shanzhai Air Force Leader" holds short positions in 21 cryptocurrencies, with a floating profit of $7.9 million today and a monthly profit of $11.78 million. The main holdings include LIT, ASTER, and PUMP, and the total position size has recently been reduced through closing trades.

Odaily Planet Daily reported that, according to the latest report by analysts at Bayern State Bank, inflation factors may keep the yields on U.S. long-term bonds high through 2026. The report pointed out that the situation in 2025 is clearly favorable beyond expectations: because the boost to inflation from U.S. tariff policies is milder than anticipated, positive surprises have overshadowed negative factors. However, analysts believe this lagging effect will manifest in 2026, when the surprises in inflation data may no longer be as strong. (Jin10)

BlockBeats News, February 5th, Arthur Hayes posted on social media, saying, "Maybe I should pay attention to the 'Black Swan' event today, after all, BTC's movement is too abnormal."

When Bitcoin's price drops below $71,000, a weekly RSI oversold signal appears for the first time, with an RSI value of 29.21. RSI is a technical indicator used to measure whether the market is overbought or oversold, typically entering the oversold zone below 30. Despite the RSI being oversold, the price may not be at an absolute low.

ChainCatcher News, the digital asset trading platform Gate released its 2026 January Transparency Report, disclosing its phased progress in multi-asset trading and platform structure. Data shows that Gate continues to expand its influence in the derivatives sector, with derivatives market share increasing to 11%; perpetual contract trading volume grew from $911.2 billion in Q1 2025 to $2.42 trillion in Q3, maintaining a high of $1.93 trillion in Q4. Meanwhile, Gate TradFi now covers metals, forex, indices, commodities, and some stocks, with trading volume surpassing $20 billion since launch.
In terms of products and infrastructure, Gate is simultaneously advancing intelligentization and on-chain capabilities. GateAI launched in January, focusing on market analysis and asset interpretation, with its first month of use

Gate News Bot Message, February 5th, according to CoinMarketCap data, as of press time, ZAMA (Zama) is currently priced at $0.03, down 12.54% in the past 24 hours, with a high of $0.04 and a low of $0.02. The 24-hour trading volume reached $126 million. The current market cap is approximately $57.6 million, down $8.2615 million from yesterday.
Zama is a confidential blockchain protocol project dedicated to implementing confidential smart contracts on any L1 or L2 blockchain through Fully Homomorphic Encryption (FHE) technology. The protocol maintains on-chain data in an encrypted state during processing by using FHE algorithms, solving the contradiction between blockchain transparency and privacy protection.
Zama uses co-processors to offload FHE computations from the main chain to keep Gas fees low.

ChainCatcher News reports that the USD/JPY has risen to 157, reaching a new high since January 23, with an intraday increase of 0.11%.

If Ethereum falls below $2000, the total long liquidation strength on mainstream CEXs will reach 754 million; if it breaks above $2200, the total short liquidation strength will reach 710 million. The liquidation chart reflects the impact of price changes on market strength.

Blockchain infrastructure Espresso announces ESP token economics, with an initial total supply of 3.59 billion tokens and no fixed maximum supply. 27.36% allocated to contributors, 14.32% to investors, 10% airdrop, 1% community sale, 3.01% staking rewards, 24.81% future incentives, 15% foundation operations, and 4.5% liquidity provision.

On February 5th, due to AMD's stock price dropping 17.3%, a block trader liquidated their long position in AMD, incurring a loss of approximately $130,000. Subsequently, the trader entered the market to buy Intel contracts, achieving a small profit. The trader specializes in US stocks and on-chain precious metals, and has previously made large-scale investments in the Nasdaq and copper prices.

According to Coinglass data, if Bitcoin falls below $68,000, the liquidation strength of mainstream CEX long positions will reach $616 million; if it exceeds $73,000, the short position liquidation strength will reach $756 million. These data reflect the impact of price movements on market liquidations.

Gate News Bot Message, February 5th, according to CoinMarketCap data, as of press time, FIGHT (FIGHT) is currently trading at $0.00637964, up 14.09% in the past 24 hours, with a high of $0.01673032 and a low of $0.00503754. The 24-hour trading volume reached $96.6 million. The current market cap is approximately $13.1 million, an increase of $1.62 million from yesterday.
## Important recent news about FIGHT:
1️⃣ **Deepening Strategic Partnership with UFC, Driving Web3 Ecosystem Expansion**
FIGHT ID's Web3 collaboration with UFC continues to expand, aiming to transfer combat sports and fan engagement onto the blockchain. The partnership covers branding and fan participation mechanisms, establishing a clear position for the FIGHT token within the combat sports ecosystem.

Cap Labs Limited announces that its token sale contract has been deployed on Uniswap. The public sale will start on February 9th, utilizing a Continuous Clearing Auction mechanism. The sale currency is USDC, and KYC/KYB registration is required.

BTC long addresses starting with 0x4b6 were liquidated within two hours, with total losses reaching $11.46 million. The largest single liquidation was $3.08 million. This address has been long since January 19, and now its funds are less than $100,000, with a loss rate of -492%, just 0.54% away from the next liquidation price. Meanwhile, ETH long positions are also approaching zero, with unrealized losses of -1134%.

Hyperliquid digital asset management company Hyperion DeFi Inc. (Nasdaq: HYPD) announced that it will use its held HYPE tokens as collateral for options to generate additional revenue. The company's Chief Financial Officer David Knox emphasized that this strategy does not involve directional trading or speculation, but rather earns option premiums and fee income by providing collateral for opening and settling options, combined with HYPE token staking yields.
Hyperion CEO Hyunsu Jung stated that by deploying transparent on-chain options vaults on the Hyperliquid platform, the company aims to improve counterparty execution efficiency and pricing, while further optimizing the HYPE token's yield performance. Hyperion is collaborating with Rysk Protocol to launch on-chain options vaults. Rysk Protocol supports mature options strategies, including covered calls and cash-secured puts, all executed on-chain to provide convenience for institutional investors.