This week, in East Eight Zone time, the price of Bitcoin fell below the approximately $70,000 mark and dropped below the production cost range generally recognized by the market, putting dual pressure on miners and institutions in terms of both paper losses and cash flow. After continuously increasing its holdings at high levels, MicroStrategy is now facing a floating loss of over **$4.6 billion**, compounded by miners being forced to sell to maintain operations, further tightening the already fragile market sentiment. Unlike the passive clearing on the spot side, the options and volatility data show that

This week, in the East 8 Time Zone, Bitcoin experienced a significant drop in a single day, once falling below the **$70,000** mark, with a maximum intraday decline of about **7.8%**, triggering intense market fluctuations. The contract market was the first to be affected in this rapid correction, with **approximately $948 million** in liquidations across the entire network within 24 hours, as high-leverage long positions were concentrated and cleared, significantly amplifying the price decline. At the same time, this Friday, over **$2.5 billion** in cryptocurrency options will be set to expire, along with large amounts from institutions on-chain.

Wintermute will support the construction of core market and settlement infrastructure, promoting the integration of decentralized finance and traditional finance, while emphasizing the importance of privacy and compliance.

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Starting from 18:30, within 51 minutes, the price of ETH plummeted from $2139 to $2067, a decrease of 3.38%.

In early February 2026, Eastern Standard Time, the U.S. Bureau of Labor Statistics (BLS) suspended the release of the non-farm employment data for January 2026, originally scheduled for February 6, due to a government shutdown. During the shutdown, the BLS website was reported to have stopped updating. This is the first time since 2018 that a government shutdown has caused a delay in the release of non-farm data, breaking the market's habitual expectation of "non-farm data every first week of the month" and symbolizing the sudden withdrawal of one of the world's most critical macro reference anchors. In this key data...

In the world, everyone is bustling for profit; in the world, everyone is striving for benefits! Hello everyone, I am your friend Lao Cui, focusing on digital currency market analysis, striving to convey the most valuable coins to the vast number of coin friends.

Beware of the celebrity halo; returning to users, needs, and intrinsic mechanisms is the iron rule of investment that transcends cycles.

When all platforms are promoting precious metal contracts and tokenization of US stocks, is it a risk or an opportunity?

On February 5, 2026, **Ethereum co-founder Vitalik Buterin** rarely took to a lengthy post to point fingers at the endless emergence of "new chains" in the current blockchain industry: in his view, an increasing number of projects remain at the **low-level replication of EVM chains**, which not only fails to push the technological boundaries forward but also consumes the limited innovative resources of the industry. He specifically criticized the standard configuration of **"EVM chain + one-week delayed optimistic cross-chain bridge."**

In this writing experiment conducted in the East Eight Time Zone, we are faced with an almost completely blank survey: **the nature of the event is unclear, the time of occurrence is unknown, the involved parties are unspecified, the core actions are missing, and the key data is zero**, making it impossible to provide even the most basic description of "what happened." This is not a report on a specific cryptocurrency event, but rather a writing and thinking exercise that begins forcefully in an information vacuum. The entire text will **strictly refuse to fabricate any details**.

On February 5, 2026, the controversy surrounding the flow of funds at Binance suddenly intensified on crypto Twitter and various communities. Various "screenshots" and "exposés," combined with past memories of industry runs, quickly triggered a new wave of panic associations regarding fund safety. As public opinion approached its peak, Binance founder **CZ** publicly responded to the related rumors, citing statistics from multiple industry media and data platforms, stating that Binance maintained a level of several billion dollars over the periods of **1 day, 7 days, and 1 month**.

As Kyle Samani, known as the "best investor," also chooses to step back, the cyclical bottleneck in the crypto market may be undergoing unprecedented scrutiny and reassessment.