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According to CryptoQuant analyst Darkfost, data shows that the whale Bitcoin inflow ratio on the Binance platform surged from 0.4 to 0.62 between February 2 and 15, reflecting an increase in the share of large holders' Bitcoin deposits, which may exacerbate market sell-off pressure.Darkfost's analysis points out that part of the inflow is related to the activity of BTC OG insider whales. On-chain information indicates that BTC OG insider whales have deposited approximately 10,000 BTC to Binance over the past two weeks.Darkfost stated that this phenomenon does not seem to be an isolated event, as some whales have sent large amounts of Bitcoin transactions to this CEX. This is not only because Binance has ample liquidity but also because the uncertain market environment has prompted various investors to reassess their risk exposure and strategies.

After a brutal sell-off in the cryptocurrency market in February, Standard Chartered analysts revised their outlook, significantly lowering the bank's year-end target price for XRP by 65%. The bank had previously predicted that XRP would rise to $8 by the end of 2026. However, in a report to investors on Thursday, that forecast was downgraded to $2.8.Standard Chartered's downgrade isn't limited to XRP. The bank also reduced its year-end target price for Bitcoin from $150,000 to $100,000, for Ethereum from $7,000 to $4,000, and for Solana from $250 to $135.

The co-founder of Three Arrows Capital, Zhu Su, posted on platform X stating, "In the coming years, cryptocurrencies may significantly outperform the Magnificent Seven (Mag7) of the U.S. stock market."

According to Reuters, the underwriter Clear Street for Strategy announced the postponement of the U.S. IPO originally scheduled for Friday, citing "poor market conditions." Additionally, the company has significantly reduced its Nasdaq IPO fundraising target from an initial goal of $1.05 billion to $364 million. After the reduction, Clear Street's valuation is approximately $7.2 billion, down from the previous target valuation of $11.8 billion.In recent years, Clear Street has become one of the leading underwriters for cryptocurrency-related stock offerings, having provided underwriting services for several crypto treasury companies, including multiple stock offerings for Strategy, and also served as the underwriter for Trump Media & Technology Group.ChainCatcher previously reported that Clear Street, the underwriter behind Strategy, plans to go public as early as January next year.

According to GMGN data, the top 5 tokens with net inflow of KOL in the past 24 hours are as follows:RATHBUN (Bq9D....ump): Net inflow of $10,000, up 22791.3% in the past 24 hours, currently priced at $0.0006.CIA (2tko....ump): Net inflow of $7,000, up 78.8% in the past 24 hours, currently priced at $0.0003.Bonkers (BfAw....onk): Net inflow of $4,000, up 707% in the past 24 hours, currently priced at $0.0035.LIZARD (5T17....ump): Net inflow of $2,000, up 8684% in the past 24 hours, currently priced at $0.0002.CatCopter (AFU2....ump): Net inflow of $483, up 390.4% in the past 24 hours, currently priced at $0.0001.

Ethereum co-founder and Cardano founder Charles Hoskinson appeared at the Consensus Hong Kong conference wearing a McDonald's uniform. He stated, "Market sentiment has fallen to historic lows, but that's okay. Because while things look bad on a micro level, the macro level indicates that we need a new paradigm, a new vision, a new narrative."

QCP Director Elbert Iswara stated in a Money FM 89.3 radio program that the recent significant fluctuations in Bitcoin resemble a liquidity reset rather than a structural collapse. Although the price briefly fell to $60,033, the subsequent rebound indicates that long-term investors and institutional demand still exist.He pointed out that the current Bitcoin trend is mainly influenced by the macroeconomic environment, while factors such as ETF fund outflows, derivative positions, and leverage liquidations have exacerbated the volatility. Iswara suggested that investors pay attention to the key price range of $60,000 to $65,000, ETF fund flows, leverage liquidation situations, and changes in the correlation between Bitcoin and stocks, and believes that Bitcoin should be regarded as a high beta asset for risk management in the short term.

The founder and CEO of OKX, Star, stated on social media, "Cryptocurrency has gone through the Bitcoin phase (2008--2015), followed by the smart contracts and decentralized applications (dApp) phase (2016--2024). The experimental phase is over. We are now entering the on-chain finance era (2025--present).In the next decade, a significant portion of the global economy will migrate on-chain. Financial services for the internet generation should be available 24/7, low-cost, and instant, as convenient as sending an email."

According to market data, Bitcoin whales have recently accumulated approximately 53,000 Bitcoins, marking the largest increase since last year, providing some support to the price after several weeks of selling. However, overall market demand remains relatively concentrated, raising doubts about whether the market has truly entered a recovery phase.Currently, the price of Bitcoin is still down about 40% from last year's peak, with some cryptocurrency ETF investors in a state of unrealized losses, while institutional buying has also slowed down. Analysts believe that, in the absence of broader capital participation, this round of buying is more likely to be a phase of stabilizing the market rather than a signal of a trend reversal.

JPMorgan analyst Ken Worthington significantly lowered his target price for Coinbase stock from $399 to $290 ahead of the company's fourth-quarter earnings report, which is set to be released this Thursday. Worthington remains optimistic about the stock, noting that the revised target price still implies a 75% upside from Coinbase's current price of $165.5.He expects adjusted EBITDA to be $734 million, down from $801 million in the third quarter. He stated that this would represent a sharp decline compared to previous quarters, primarily driven by decreased trading volumes, weakening cryptocurrency prices, and a slowdown in the growth of USDC stablecoin balances. Worthington anticipates that the spot cryptocurrency trading volume for the quarter will be $263 billion.He also pointed out the reduction in circulating USDC and predicted stablecoin-related revenue to be $312 million. These adverse factors are partially offset by the total quarterly revenue contributed by Deribit (the cryptocurrency derivatives exchange acquired by Coinbase last August). Including Deribit, JPMorgan's model forecasts total trading revenue of $1.06 billion, with Deribit contributing approximately $117 million based on an estimated trading volume of about $586 billion.In the previous quarter, the trading platform reported trading revenue of $1 billion. In terms of subscription and services revenue, the bank expects revenue to be $670 million, down from Coinbase's prior guidance range of $710 million to $790 million, reflecting weak cryptocurrency prices, declining staking yields, and a slowdown in USDC growth. Worthington also expects operating expenses to be below guidance due to the company's cost control measures.

According to Jinshi reports, ECB Governing Council member Nagel stated that the European Central Bank will take appropriate action when medium-term inflation expectations persistently and significantly deviate from 2%.

According to Jinshi News, GivTrade strategist Hassan Fawaz pointed out in a report that, given the recent signs of cooling in the U.S. job market, any significant deviation of January's non-farm payroll data from expectations could trigger sharp fluctuations in the foreign exchange and bond markets.He stated that if the data is weaker than expected, it may reignite concerns about the momentum of the labor market, strengthening expectations for monetary policy easing later this year, thereby putting pressure on the dollar; if the data is strong, it could challenge the aforementioned expectations, providing support for the dollar and pushing up yields.

Guotai Junan Securities released a research report stating that HashKey HLDGS (03887.HK), as a leading licensed digital asset company in Hong Kong, is initiating coverage with a "Buy" rating and a target price of HKD 10.14.The core logic is based on three points: first, the company holds a full license from the Hong Kong Securities and Futures Commission (SFC) under categories 1/7/9, with a market share exceeding 75% and significant compliance barriers; second, institutional business accounts for 85.5%, with Omnibus client trading volume increasing nearly fivefold, and the proportion of institutional revenue is expected to rise significantly to 68% in H1 2025; third, the development of digital asset ETFs is driving institutional demand, and the company's integrated ecosystem (trading + on-chain services + asset management) creates a competitive advantage.In terms of finance, it is estimated that revenue will reach HKD 782 million, HKD 1.211 billion, and HKD 2.338 billion in 2025-2027, with net profit losses gradually narrowing (HKD -1.084 billion, -0.717 billion, -0.047 billion). Using the PS valuation method and referencing comparable companies like Coinbase, a 12x PS is applied, corresponding to a market value of HKD 28.1 billion.

Arthur Hayes posted on platform X: "The sharp drop in BTC may be due to traders hedging against IBIT structured products. I will compile a complete list of all notes issued by banks to better identify the triggers that may lead to sharp price increases and decreases. The rules of the game have changed, and we must keep up with the times."

Greeks live stated that approximately 33,000 BTC options are set to expire, with a Put Call Ratio of 0.54, a maximum pain point of $80,000, and a notional value of about $2.1 billion; 219,000 ETH options are set to expire, with a Put Call Ratio of 0.91, a maximum pain point of $2,400, and a notional value of $420 million. Greeks live mentioned that today, options representing 10% of the total open interest are expiring, totaling nearly $2.6 billion.The sharp downward trend in Bitcoin and Ethereum prices continues, with put options holding a dominant position, and the fear index dropping as low as 5%, as panic once again envelops the crypto market. From the main options data, the implied volatility for BTC and ETH has significantly increased, with BTC's major term IV exceeding 60%, and several short-term at-the-money IVs exceeding 110%. ETH's major term IV is at 80%, with several short-term at-the-money IVs exceeding 120%, all at their highest levels in over a year.

According to GMGN data, the top 5 tokens with the highest net inflow of KOL in the past 24 hours are as follows:TúAnh (BsXm....ump): Net inflow of $926, with a 24-hour increase of 7607.8%, currently priced at $0.0002.PENGUIN (8Jx8....ump): Net inflow of $772, with a 24-hour decrease of -21.3%, currently priced at $0.0199.rekt (B7a6....ump): Net inflow of $589, with a 24-hour increase of 12.7%, currently priced at $0.0001.STABLE (4Ajv....ump): Net inflow of $536, with a 24-hour decrease of -26.9%, currently priced at $0.0003.CARP (2hfN....ump): Net inflow of $240, with a 24-hour increase of 599.8%, currently priced at $0.0001.

According to SoSoValue data, the cryptocurrency market sector has suffered a significant setback, with a general decline of about 7% to 14% over the past 24 hours. The PayFi sector led the decline with a drop of 13.86%. Within this sector, XRP and Litecoin (LTC) fell by 12.58% and 13.87%, respectively, while Monero (XMR) dropped by 20.28%.Meanwhile, Bitcoin (BTC) decreased by 10.10%, briefly falling below $60,000, and has now recovered to above $65,000; Ethereum (ETH) fell by 10.08%, dipping to $1,700 at one point, and is currently reported at $1,900.In other sectors, the DeFi sector dropped 7.41% over the past 24 hours, but MYX Finance (MYX) and Hyperliquid (HYPE) rose against the trend by 9.68% and 6.07%, respectively; the Layer1 sector fell by 9.93%, with Zcash (ZEC) down 16.20%; the CeFi sector declined by 10.64%, with OKB dropping 12.35%; the Meme sector decreased by 12.17%, while MemeCore (M) remained relatively strong, rising by 2.78%; the Layer2 sector fell by 13.06%, with zkSync (ZK) surging by 4.90% during the day.The cryptocurrency sector indices reflecting historical market performance show that the ssiPayFi, ssiAI, and ssiDePIN indices fell by 15.49%, 14.96%, and 14.93%, respectively.

According to CoinDesk, the Chicago Mercantile Exchange (CME) Bitcoin futures experienced a significant price gap during the weekend market closure, providing some optimistic expectations for market bulls. Data shows that the CME Bitcoin futures price closed at around $84,445 on Friday, while the opening price when trading resumed on Sunday night dropped to $77,385, corresponding to the spot market which had previously fallen to about $75,000, thus creating a noticeable gap.Note: The CME gap refers to the price discontinuity between the closing price of the futures market and the opening price of the next trading session. Since CME futures do not trade 24/7, price jumps occur during weekends or maintenance closures when the futures market does not align with the continuously trading spot market. Historical experience shows that although CME gaps are not an absolute rule and are usually filled within a few days or weeks, this phenomenon is still regarded by traders as one of the important technical reference indicators.

According to GlobeNewswire, Bitcoin financial services company Fold has announced the launch of a brand new unified app experience.This update integrates Bitcoin rewards, everyday spending, and account activity into an intuitive financial hub, aiming to provide users with a clearer and more convenient view of their financial management.

Morph announced the integration of the Chainlink Cross-Chain Interoperability Protocol (CCIP) into its mainnet. This integration establishes CCIP as the exclusive cross-chain issuance and transfer mechanism for Bitget Token (BGB), ensuring that BGB meets the standards of security, verifiability, and scalability, thereby building a global payment infrastructure.Morph CEO Colin Goltra stated, "Chainlink CCIP plays a key role in enabling secure and scalable cross-chain transfers, providing the necessary foundation for BGB to support real-world payment use cases."