Alex Thorn, Head of Research at Galaxy Digital, analyzed that Bitcoin's recent performance has clearly weakened. Between January 28th and January 31st, Bitcoin fell by approximately 15%, with a single-day drop of 10% on January 31st, triggering over $2 billion in long contract liquidations. During this period, the price bottomed out at approximately $75,600, falling below the average cost price of the US Bitcoin ETF at approximately $84,000, and approaching the annual low of approximately $74,400 formed in April 2025. Currently, approximately 46% of the Bitcoin supply is in a loss-making state. The analysis suggests that Bitcoin may further decline to the supply gap bottom near $70,000, and may even test the 200-week moving average of approximately $58,000 and the realized price of approximately $56,000 in the coming weeks to months. These ranges historically correspond to cyclical bottoms and have provided important reference levels for long-term investors. Furthermore, the report points out that although profit-taking by long-term holders has slowed, the market has not yet observed large-scale accumulation by whales or long-term holders. Meanwhile, Bitcoin's recent failure to rise in tandem with traditional safe-haven assets such as gold and silver has weakened its narrative of "hedging against currency devaluation." Analysts believe that the market may still face downward pressure in the short term, but long-term funds should pay attention to changes in key support levels.

According to Gate data, spot gold has climbed back above $4,800 per ounce, up $130 on the day; spot silver is currently up 5.11% at $83.3 per ounce.

A former xAI engineer revealed that Musk is pushing forward with the "Macro Hard" project, which involves renting the idle onboard computers of approximately 4 million Tesla vehicles in North America to conduct distributed training of "human simulator" AI that can replace white-collar jobs.

CZ recently responded to several market rumors circulating recently, stating that many of them are "overly imaginative FUD (Fear, Uncertainty, and Doubt)." Regarding the claim of a $7 million bet on Polymarket, CZ stated that this event did not occur on Polymarket or any prediction market, and the related trading volume is false information. Regarding the rumor that "CZ canceled the supercycle," CZ clarified that he only stated that his "confidence has decreased compared to before," and he did not make any decisive judgments about market cycles. Regarding the claim that "Binance sold $1 billion worth of Bitcoin," CZ pointed out that the actual situation was that Binance users were selling Bitcoin, not Binance itself; changes in Binance wallet balances only occurred when users withdrew funds. Furthermore, regarding the question of why there was no obvious on-chain activity after the SAFU fund was converted to BTC, CZ stated that Binance had previously stated that it would gradually complete the relevant operations within 30 days, and that the scale was limited in impact compared to Bitcoin's approximately $1.7 trillion market capitalization, and was more of a confidence-building measure. CZ concluded by stating that he will continue to focus on building and advancing related work.

According to SolanaFloor, Donald Trump responded to reports that "Abu Dhabi invested $500 million in World Liberty Financial (WLFI), a crypto project backed by his family," saying that he was unaware of the matter, adding, "I don't know about this; my sons are handling it."

Vitalik Buterin has reportedly sold 493 ETH for $500,000 USDC and 659,000 GHO. According to Odaily, Buterin also converted 5,000 ETH into WETH.

Coinbase Derivatives, a subsidiary of Coinbase, announced the upcoming launch of a COIN50 perpetual futures contract. The company stated that this is the first time in the US market that investors have access to the top 50 digital assets through a single perpetual futures contract. The product will be available to retail and institutional traders and will be offered through approved futures commission merchants (FCMs). The Coinbase 50 Index (COIN50) tracks the performance of the top 50 most liquid digital assets by market capitalization, including Bitcoin, Ethereum, and several emerging tokens. The index is rebalanced quarterly, with each component having a maximum weight of 50%. Coinbase stated that a single contract allows for diversified allocation, simplifying trading strategies and providing a closer view of overall market trends.

According to Onchain Lens monitoring, Vitalik Buterin (0xfeb...03b2) sold 493 ETH for $500,000 USDC and 659,000 GHO. Additionally, Vitalik Buterin (0xfeb...03b2) converted 5,000 ETH into WETH.

GameStop CEO Ryan Cohen stated that the company is planning a high-risk, high-impact acquisition of a "very, very large" publicly traded consumer company, which could signify GameStop's gradual exit from Bitcoin holdings. In an interview with CNBC, Cohen described the acquisition as "transformative," potentially boosting GameStop's valuation to hundreds of billions of dollars and having a profound impact on capital markets. He stated that the potential target should have an undervalued share price, solid fundamentals, and a "lacking ambitious management team," and plans to leverage GameStop's capital, governance, and operational capabilities to improve its efficiency. Reports indicate that on-chain data last week showed GameStop transferred all 4,710 Bitcoins it held to Coinbase Prime, sparking speculation that it might be selling Bitcoin to finance the acquisition. Cohen did not directly address whether he would liquidate his Bitcoin holdings, only stating that the new strategy is "more attractive than Bitcoin." The news drove GME's stock price up over 8% on Monday, bringing its year-to-date gain to approximately 25%. (CoinDesk)

The Clarity Act, aimed at regulating US stablecoins, has encountered obstacles due to disagreements over stablecoin yields between cryptocurrency companies and banking lobbyists. According to NS3.AI, these complications have intensified following a $500 million investment by a UAE official in former President Trump's family crypto business, sparking conflict-of-interest concerns. The future of the bill remains uncertain as ethical issues, regulatory hurdles, and political dynamics hinder progress, coinciding with a decline in Bitcoin's price.

Coinbase announced today that it has added DeepBook (DEEP) and Walrus (WAL) to its asset roadmap. The asset roadmap is used to disclose tokens that the platform is evaluating or planning to support and does not constitute a final listing commitment. Specific listing dates and trading support details are subject to further official announcements from Coinbase.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2956, providing you with the latest and fastest news on the digital currency and blockchain industry.

With the support of AI, I, alone plus AI, am essentially a complete team.

In two countries ravaged by sanctions and civil war, electricity is no longer just a public service, but is treated as a hard currency that can be "exported financially."

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The tightening of liquidity in the United States is the main reason for the decline in assets, but this obstacle is about to be removed.

Crypto Market, BTC: After a 40% Plunge, What Cards Does the Crypto Market Still Have Left? Golden Finance: The First Crypto Storm of 2026 Is More Fierce Than Ever.

Crypto Market, FMG Market Observation: When the market is in a state of extreme panic, crypto assets are being repriced. Golden Finance: The crypto market exhibits defensive characteristics of "wide fluctuations and extreme panic".

This article does not offer any new information, but attempts to piece together old facts that have been repeatedly discussed into a new causal logic.

BTC, what if this is the bottom? Golden Finance, how will interest rates change?