The rebound is not a reversal, be cautious of the bait for more, continue to short and make money during the day!

Analyst Chen Shu: The 2.3 Bitcoin and Ethereum strategy from yesterday was profitable, focusing on the continuation of the rebound strength.

Since the beginning of 2026, the cryptocurrency market has continued to experience fluctuations and corrections. Bitcoin has dropped from its historical high of $125,000 on October 12, 2025, to around $77,000 on February 3, marking a cumulative decline of over 38%. As prices weaken, major global institutions have voiced their opinions, offering starkly different predictions for the future—some institutions warn that a bear market has arrived, suggesting Bitcoin could fall to $58,000; others are optimistic about the long-term potential of Ethereum and other cryptocurrencies; while some institutions maintain a neutral stance, believing the market is undergoing a transformation.

This week in East Eight Time Zone, **Gate Ventures, the venture capital arm of Gate.io, announced a strategic investment in the crypto payment network Mesh**. Although the specific amount was not disclosed, it quickly attracted industry attention. On one side is the jungle of crypto payments where wallets, exchanges, banks, and payment service providers are each fighting their own battles with numerous interfaces, while on the other side is the traditional payment system represented by card organizations and clearing networks, which is clear in its rules and highly standardized. The divide between the two is becoming increasingly...

On February 3, 2026, **Trend Research**, an institution under Yi Lihua, was captured by on-chain data, continuously transferring large amounts of **ETH** to **Binance**. The action of tens of thousands of coins in a single day, with a recent cumulative total of nearly one hundred thousand coins, was quickly interpreted by the market as a concentrated manifestation of "whale selling pressure" and "a sharp contraction in risk appetite" amidst high-leverage speculation. On one side, institutional funds are pushing ETH towards the "slaughter line" of exchanges, while on the other side, bets are being placed on Ethereum.

2.3 Binance Bitcoin bought 100M spot during the day, spot gold and silver opened lower in the morning and then entered a period of fluctuation.

As the market waits in the dark for the key January non-farm payroll report, a deeper issue has emerged—the world's most closely watched macro data system is losing its reliability and timeliness. In the early hours of February 3, the U.S. Bureau of Labor Statistics announced that due to another "shutdown" of the federal government, the January non-farm payroll report originally scheduled for release this week will be delayed. This is the second delay of non-farm data in three months. The U.S. government has been in a "shutdown" since 12:00 AM on January 31 due to a budget impasse.

Bitcoin rebounds to 80,000 under pressure, Ethereum bounces back to 2,400 but faces resistance, is there insufficient momentum for further decline?

You can follow the public account Gu Jingci, which focuses on guidance and layout for mainstream coins.

The technical aspect of Bitcoin shows a bearish arrangement, with weak short-term rebounds and an unchanged downward trend in the medium to long term. Market sentiment is extremely fearful, but institutions like Binance are starting to buy on the left side. Overall, the market is in a bottom-seeking phase.

On February 3rd, Eastern Standard Time, two notable large ETH flows appeared on-chain simultaneously: first, **DBS Bank received 24,898 ETH from market-making institution Wintermute within a week**, amounting to approximately **$61.34 million** at the time; second, Ethereum co-founder **Vitalik Buterin executed the first sale of a long-planned donation arrangement, selling 493 ETH**, worth about **$1.16 million**. On one side, traditional large banks are

on February 3, 2026, **Cathie Wood** publicly presented a viewpoint in the podcast "The Rundown" that could significantly shift asset allocation: investors should consider **switching from gold to Bitcoin**. Alongside this position, the target price range for Bitcoin was projected to be as high as **$1.5 million in an optimistic scenario and about $761,900 in a baseline scenario**. In the eyes of traditional asset investors, these figures are almost "redefining asset classes." Behind her judgment,

Today, the global cryptocurrency market capitalization continues to shrink to about $2.8 trillion, with this round of market fluctuations starting from early Sunday morning. Bitcoin was the first to plunge, with its price breaking through support levels all the way down today.