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.

1. On-chain funds: $52.9M flowed into Arbitrum today; $36.1M flowed out of Ethereum 2. Maximum price fluctuations: $ZIL, $ELON 3. Top news: Cryptocurrency trading volume falls to a 2024 low, spot demand weakens

The retail market has been trapped in a brutal winter since January 2025, but institutional funds once obscured this fact for some assets.

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.

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 price of Bitcoin plummeted to around $78,000 yesterday, and as market panic spread, two highly watched long-term indicators simultaneously issued rare signals—Bitcoin may be in a historically undervalued range. On February 1, 2026, the Bitcoin Ahr999 indicator fell below the "buying line" of 0.5, marking the first time in 839 days since October 2023. During the same period, the Bitcoin rainbow chart also entered the "special sale" zone, and this combination of signals has historically indicated a good opportunity for long-term investment.

A huge cluster containing over 2000 wallet addresses is directly related to RIVER.

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.

When a small group of elites, who are not accountable to anyone, can arbitrarily define our money, our society, and even our lives solely based on the capital they hold, what exactly are we?

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.

After hours of intense debate between representatives from banks and the cryptocurrency industry at the White House, both sides maintained their positions, leaving only a commitment to "find a solution by the end of February." On February 2, a closed-door meeting that could determine the future of digital finance in the United States was held at the Eisenhower Executive Office Building. Representatives from Coinbase, major cryptocurrency trade groups, and banking organizations gathered in Washington, attempting to address the issues surrounding stablecoins in the "Digital Asset Market Clarity Act" (CLARITY Act).

The beginning of spring has arrived, and all things are reviving. In the current volatile cryptocurrency market, AICoin presents the first "hardcore red envelope" of the year to traders.

No matter how bad the market is or how cold the sentiment is, I will not give up on chasing Alpha.