Mu Feng looks at the trend: 2.3 BTC/ETH evening market analysis and trading suggestions.

In the East 8 Time Zone this week, the price of Bitcoin experienced a sharp correction, triggering approximately **$2.55 billion in contract positions to be passively liquidated, according to a single source**, sparking a wave of "bloodbath" deleveraging discussions across the market. This time, the market movement is not limited to the on-chain world: overseas tech stocks began to lose momentum at high levels, the Federal Reserve's subsequent policy path is uncertain, and the risk appetite environment has clearly shifted from "broad optimism" to "cautious contraction." Meanwhile, in the traditional sense,

On February 3, 2026, at 8:00 AM UTC+8, Bitcoin fell below the **$80,000** mark during trading, triggering approximately **$2.55 billion** in leveraged liquidations. According to historical data, this was only the **tenth largest liquidation event** in crypto history, yet it created a visceral shock comparable to a "bloodbath" on social media and trading terminals. The market maker **Wintermute** subsequently released a report attributing this significant adjustment to a **natural deleveraging** under multiple macro headwinds.

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In the Eastern Eight Time Zone this week, a "super-sized" capital movement occurred simultaneously in the U.S. political arena and the on-chain world: on one side, media reports of **Trump's campaign raising $429 million in political fundraising** and its associated **Maga Inc PAC holding $304 million in ammunition**, while on the other side, on-chain monitoring tools captured a **massive transfer of 63,678 ETH withdrawn from Binance, valued at approximately $14.73 million**. The former took place during the peak period of political fundraising before the midterm elections.

What does Bitcoin's drop from 98,000 to 74,000 really mean?

Traditional commodities such as gold, silver, and copper are undergoing a large-scale migration from centralized exchanges to decentralized exchanges.

In the past decade, Bitcoin's astonishing rise during the Spring Festival has been one of the most talked-about seasonal patterns in the cryptocurrency market. However, with the maturation of the market itself and the profound evolution of the global macro landscape, this once-celebrated "red envelope market" is facing unprecedented challenges. As we enter 2026, the trading logic of Bitcoin has fundamentally changed: it is no longer a self-indulgent fringe asset; its price is increasingly influenced by global liquidity, central bank policies, and geopolitical factors.

Yueying: Analysis of the market trends for 2.3 Bitcoin and Ethereum today. Can the key bottom-buying zone for Bitcoin hold? Will it return above 80,000?

On February 3, 2026, at 8:00 AM UTC+8, Elon Musk stated again on the X platform about the timeline for SpaceX's moon landing with Dogecoin, responding to users' inquiries with the phrase "Maybe next year." This nonchalant answer reignited the market and media's imagination regarding the narrative of "Dogecoin to the moon," pushing the timeline further into a more distant and ambiguous future. Compared to his 2021 statement that "SpaceX will send a real Dogecoin..."

The cryptocurrency market always has surprises, with platforms like Binance continuously focusing on security and innovation.

Since historically teams have never given tokens the same level of respect as equity companies, the market will naturally reflect this in the token prices.