It is normal for a sharp decline to correct; Bitcoin remains high and unchanged!

On February 2, 2026, accompanied by a total liquidation of approximately **$783–784 million** across the crypto market, the shadow of leveraged trading once again loomed over the market. At the same time, a large high-leverage **ETH long position was concentrated** on the derivatives platform **Hyperliquid**, which subsequently experienced a massive liquidation event during the ensuing volatility, becoming the most controversial focus of this market cycle. On one side, **BTC price rebounded** and the total market capitalization recovered, while on the other side, **long positions were liquidated**.

Starting from 22:30, within 11 minutes, the price of ETH surged from $2315 to $2368, an increase of 2.31%.

Mainly focused on rebounds.

In the week around February 1, 2026, in the context of a cooling overall sentiment in the cryptocurrency market and a weakening ETH price, the institutional-level Ethereum treasury company **BitMine** was reported to have continuously made moves in the secondary market, accumulating an additional **41,788 ETH** (according to a single source). This is not a small-scale tactical adjustment, but rather a significant increase occurring during a period of market downturn, going against mainstream sentiment. Public data shows that BitMine currently holds a total of

In the Eastern Eight Time Zone this week, **Zhu Su**, co-founder of Three Arrows Capital, once again discussed the trading risks after "selling at the top" in the crypto market, shifting the focus from the price itself to the fluctuations of people's sentiments. His comments came at a time when institutional holding data was frequently making headlines: on one hand, **Strategy (MSTR)** has accumulated approximately **713,502 BTC**, with a market value of about **$54.263 billion**, and last week it still increased its holdings by **855 BTC**; on the other hand,

On February 1, 2026, **BlackRock transferred 6,918 BTC and 58,327 ETH to Coinbase Prime, with a total value of approximately $672 million**. This large on-chain transfer immediately became the focus of the market. In an environment where Bitcoin has fallen over 35% from its historical high last October, investors are highly sensitive to any large moves by major institutions. There are clear divisions in the market regarding this transfer: one side believes it is a routine operation in the ETF custody and rebalancing process,

From January 26 to February 1, 2026, **Strategy (formerly MicroStrategy)** made another move during the high volatility phase of Bitcoin, increasing its holdings by approximately **$75.3 million** to acquire **855 BTC**. After this transaction, its total Bitcoin holdings rose to **713,502 BTC**, with a cumulative investment of about **$54.26 billion**, making it an extreme example of an enterprise-level Bitcoin treasury. Behind these numbers lies an increasingly sharp contradiction: as the price of Bitcoin...

The cryptocurrency market has experienced a waterfall crash, with a drop of 20,000 points since the false breakout reminder at 98,000 from the young master. The Asia-Pacific market is in a full-scale decline, with 4,600 A-shares in the red and over a hundred stocks hitting the limit down, while the South Korean stock market...

From January 26 to February 1, 2026, Eastern Standard Time, **Strategy (formerly MicroStrategy)** invested approximately **$75.3 million** to acquire **855 BTC** during a period of significant volatility in Bitcoin and bearish market sentiment, continuing its corporate treasury strategy of "buying on dips and accumulating continuously." After this operation, the scale of Bitcoin held by the company and the corresponding cost structure changed, with key indicators such as average purchase price and total holding cost being significantly adjusted.

Trader Gege: 2.2 Bitcoin Market Analysis Weekly Update Guessing the Bear Bottom from Historical Cycles

This week, in the East 8 Time Zone, on-chain monitoring tools showed a large fund movement suspected to be related to **BlackRock addresses**, attracting significant market attention: a total of **58,327 ETH** was transferred in one go to **Coinbase**, amounting to approximately **$133 million** at the time of the market price. Almost simultaneously with this massive on-chain migration, the U.S. stock market's cryptocurrency concept sector experienced a widespread decline, with **MSTR dropping 7.25% and COIN retracing 3.56%**, indicating that the emotional fluctuations coincided with the on-chain event in timing.

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