On February 6, at 8:00 AM UTC+8, against the backdrop of Bitcoin's global price breaking **$69,000** and a 24-hour increase of about **2.3%-2.9%**, the South Korean exchange **Bithumb** mistakenly sent **2000 BTC** to users due to an operational error, and then quickly froze accounts and reverted the price. This sharp deviation lasted only about **5 minutes**, contrasting with the price range of **$69,000-$69,100** on **HTX** and **OKX** at the same time.

The crypto asset manager argued that while the current drawdown mirrors the anxiety of 2018 and 2022, long-term upside catalysts remain intact.

Today, the official website of the People's Bank of China released the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies and Other Related Issues (Yin Fa [2026] No. 42)" issued by the People's Bank of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the State Administration for Market Regulation, the Financial Regulatory Bureau, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange. The full text is as follows: Governments of all provinces, autonomous regions, and municipalities directly under the Central Government, Xinjiang Production and Construction Corps: Recently, there have been sporadic speculative activities related to virtual currencies and the tokenization of real-world assets (RWA), disrupting the economic and financial order and endangering the property safety of the people. In order to further prevent...

Your day-ahead look for Feb. 6, 2026

Preface The truly interesting core questions of cryptocurrency have not been answered to this day. "Digital gold" is not the answer for Bitcoin. It represents a form of religion and is undergoing the dual harsh tests of regulatory incorporation and stablecoins (like the US dollar). "The value of altcoins is zero" is not the answer for altcoins. Altcoins have long been defined as practically eliminated: Meme coins are by no means just air; they are a form of assetization of human belief, capable of shaping cultural symbols, defining a new generation of aesthetics, and even reshaping public thought; although attention coins experience extreme volatility and severe harvesting, but...

1. On-chain funds: $508.2M flowed into Ethereum today; $390.8M flowed out of Arbitrum 2. Maximum price fluctuations: $HBTC, $AIO 3. Top news: The current weekly oversold signal strength for Bitcoin is comparable to that of June 2022

A total of 1.08 billion JST has been burned, with over 38.7 million USD invested: JustLend DAO continues to realize the long-term deflationary logic of JST with real money, solidifying the long-term value foundation of the token.

The cover is not the cause of the curse; the cover is a symptom of the bubble.

At 6:30 in the morning, the cryptocurrency market was in turmoil, with Ethereum plummeting over 13%. At that same moment, the screen of Yi Lihua's phone flashed a glaring red warning—his fund, Trend Research, had a massive Ethereum position that was less than $200 away from forced liquidation. In the early hours of February 6, 2026, the cryptocurrency market experienced a complete collapse. Bitcoin and Ethereum led the decline, both dropping over 12%. In this storm sweeping across the entire market, one name was linked...

On February 6, 2026, at 8:00 AM UTC+8, Binance's Secure Asset Fund for Users (SAFU) transferred **3600 BTC** from the platform's main account, equivalent to approximately **$233.57 million** according to Whale Alert, increasing its position against the trend in a highly volatile market. During the same period, Coinglass data showed that the total liquidation scale across the network in the past 24 hours reached **$2.597 billion**, involving about **570,000 traders being passively liquidated**, while Greeks.live disclosed that there were **33,000 B**.

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From the early morning to daytime on February 6, on-chain monitoring showed that **Trend Research** concentrated on transferring and selling a large amount of ETH to exchanges, quickly becoming the focus of the entire market. Within just a few hours, the institution sold tens of thousands of ETH, including a key operation of a single transfer of **20,000 ETH** to Binance, which many observers regarded as the most representative institutional-level deleveraging action in this round of ETH's sharp decline. This event coincided with a sharp drop in Bitcoin prices and sentiment.