【February 9 Market Information and Data Analysis】
1. The US Dollar Index has fallen to its lowest level since February 4, with spot gold and silver continuing last week's upward trend;
2. The Financial Times published an article criticizing cryptocurrencies:
#BTC is still severely overvalued, and a crash is imminent;
3. Bitcoin's spot total assets have fallen below $100 billion at
#etf , with a cumulative net inflow of 68918 BTC since its listing;
4.
#Base ecological part tokens have begun to rise, with
#BNKR and CLAWNCH leading the gains.
Bitcoin's recent price has been highly volatile, briefly dropping to around $60,000 last week, reversing all gains since Trump's re-election, and down more than 50% from the historical high in October last year. Accompanying the price adjustment, there has been a large-scale forced liquidation in the market. Despite continuous positive signals from US policy, it has failed to prevent this sell-off. Data shows that the total asset size of US Bitcoin spot ETFs has fallen below $100 billion, currently around $99.16 billion, shrinking about 40% from its peak, though cumulative net inflow since listing still exceeds 680,000 BTC.
This volatility once again highlights the high-risk characteristics of the crypto market. The sharp price fluctuations reflect the fragility of market sentiment and speculative funds, while ETF fund flows reveal the tug-of-war between short-term selling pressure and long-term institutional interest. Although long-term holders and structural demand (such as ETF net inflows) provide some support for the market, positive policies are difficult to reverse trends dominated by the macro environment or market confidence in the short term. For BTC, its price discovery process will still be accompanied by extreme volatility, and the shaking of market confidence may make it more susceptible to liquidity changes, testing its dual attributes as a risk asset and a potential store of value.