SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

REGENXBIO, Inc. is a clinical-stage biotechnology company, which engages in the development, commercialization, and licensing of recombinant adeno-associated virus gene therapy. Its product candidates include the NAV Technology Platform, which consists of exclusive rights to novel adeno-associated viral vectors, and therapeutic programs such as RGX-314, RGX-202, RGX-121, RGX-111, RGX-181, and RGX-381. The company was founded by Kenneth T. Mills and James M. Wilson on July 16, 2008 and is headquartered in Rockville, MD.

Regenxbio Inc

Regenxbio is trending sharply lower following the FDA's Complete Response Letter for its RGX-121 gene therapy, citing concerns with trial design and a clinical hold linked to a potential tumor in a related program. The community is fiercely debating the severe impact on the company's immediate future and the broader gene therapy sector, while some highlight the continued value of other key pipeline assets.

Kyndryl Holdings, Inc. is a technology services company, which engages in the provision of infrastructure services. It operates through the following segments: United States, Japan, Principal Markets, and Strategic Markets. The Principal Markets segment represents the aggregation of operations in Australia, New Zealand, Canada, France, Germany, India, Italy, Spain, Portugal, the United Kingdom, and Ireland. The company was founded on December 4, 2020 and is headquartered in New York, NY.

Kyndryl Holdings Inc

Kyndryl is trending as its stock plunged following the abrupt departures of its CFO and general counsel amid an ongoing accounting review, delayed filings, and a lowered outlook for fiscal 2026. The community is sharply divided between those calling it a "falling knife" and comparing it to past accounting scandals, and dip buyers who believe the sell-off is an "overreaction" given its revenue and stating no material impact to core financials is currently expected.

Upwork, Inc. is an online marketplace which engages in the provision of businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Palo Alto, CA.

Upwork Inc

Upwork is trending following its latest earnings report, which highlighted record Q4 profitability and a revenue beat, but was met with a notable share price decline as forward guidance fell below expectations. The community is keenly debating the role of AI, weighing Upwork's deep integration and its platform's use in OpenAI's new SWE-Lancer benchmark against broader concerns about AI's potential to disrupt the gig economy.

ON Semiconductor Corp. engages in the provision of intelligent power and sensing solutions with a primary focus on automotive and industrial markets. It operates through the following segments: Power Solutions Group (PSG), Analog and Mixed-Signal Group (AMG), and Intelligent Sensing Group (ISG). The PSG segment offers discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, and circuit protection. The AMG segment designs and develops analog, mixed-signal, power management integrated circuits, sensor interface devices, power conversion, signal chain, and voltage regulation devices. The ISG focuses on the design and development of complementary metal oxide semiconductor image sensors, image signal processors, single photon detectors, including silicon photomultipliers, single photon avalanche diode arrays, and short-wavelength infrared products, as well as actuator drivers for autofocus and image stabilization. The company was founded on July 4, 1999 and is headquartered in Scottsdale, AZ.

ON Semiconductor Corp.

ON Semiconductor is trending with a notable sell-off after reporting mixed earnings and issuing a soft Q1 outlook, leading to strong community debate on whether market reaction is overdone. While some express concern over perceived "stabilization" in automotive and industrial markets, others point to the company's strategic focus on AI data center power and recent partnerships as potential long-term catalysts.

Oscar Health, Inc. is a health insurance company, which serves its customers through a technology platform. It offers individual and family, small group and medicare advantage plans, and technology platform to others within the provider and payor space. The company was founded by Mario Tobias Schlosser, Kevin Nazemi, and Joshua Kushner on October 25, 2012 and is headquartered in New York, NY.

Oscar Health Inc - Ordinary Shares - Class A

Oscar Health is currently trending as investors keenly await congressional decisions on ACA subsidies, which could significantly influence its future growth, alongside an upcoming earnings report. Sentiment among the community is polarized, with many bulls anticipating a rally on policy clarity and improved financials, while bears caution about continued losses and sector-wide pressures.

AgomAb Therapeutics NV is a clinical-stage biopharmaceutical company focused on developing novel disease-modifying therapies for immunology and inflammatory diseases. Its mission is to develop disease-modifying therapeutics that aim to resolve fibrosis and restore organ function, enabling patients with these disorders to live fuller and healthier lives. The company was founded by Paolo Michieli, Manuela Cazzanti, Virginia Morello, Federica Caterina Linty, Michael Potter Saunders, and Hans J. W. de Haard in 2017 and is headquartered in Ghent, Belgium.

AgomAb Therapeutics NV - ADR

AgomAb Therapeutics NV is trending as a new IPO with an extremely low float, fueling intense community discussion about its potential for a short squeeze and rapid price movement, while others anticipate a pullback after its initial run.

Silvercorp Metals, Inc. engages in the acquisition, exploration, development, and mining of mineral properties and Environmental, Social and Governance practices. It operates through Mining and Administrative segments. The Mining segment includes Henan Luoning, Guangdong, and others. Its products include Silverbearing lead and Zinc Concentrates.The Administrative segment focuses on Vancouver and Beijing. The company was founded by Rui Feng on October 31, 1991 and is headquartered in Vancouver, Canada.

Silvercorp Metals Inc

Silvercorp Metals Inc.

Silvercorp Metals Inc. is trending following a "blow out" earnings report that smashed estimates with strong financial performance and significant cash flow, sparking community discussions focused on the impressive beat and expectations for further guidance.

Fiserv, Inc. engages in the provision of financial services technology. It operates through the Merchant and Financial segments. The Merchant segment offers commerce-enabling products and services including merchant acquiring and digital commerce and mobile payment services, and security and fraud protection, stored-value, and pay-by-bank solutions to companies of all sizes. The Financial segment provides products and services such as processing of customer loan and deposit accounts, digital payments, and card transactions to financial institutions and corporate and public sector clients. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Milwaukee, WI.

Fiserv, Inc.

Fiserv ($FISV) is trending as investors eagerly await its upcoming earnings report, creating a stark community divide between bulls citing undervaluation and strong fundamentals, and bears fearing another significant drop. Many are drawing parallels to recent struggles in the fintech sector and notable declines from companies like PayPal, contributing to heightened options activity and uncertainty.

Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers' applications in real time. The company was founded by Gal Krubiner, Sanjiv Das, Yahav Yulzari, and Avital Pardo on March 20, 2016 and is headquartered in New York, NY.

Pagaya Technologies Ltd - Ordinary Shares - Class A

Pagaya Technologies Ltd

Pagaya Technologies is experiencing significant volatility following its mixed Q4 earnings, which showed an EPS beat but a revenue miss and conservative 2026 guidance prioritizing prudent risk management. While the market is punishing PGY, many in the community view the dramatic sell-off as an extreme overreaction given the company's profitability, strong fundamentals, and historically low valuation compared to peers in the fintech and AI sectors.

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and New Markets. The Civil Aerospace segment offers commercial aero engines and aftermarket services. The Power Systems segment includes engines, power systems and nuclear systems for civil power generation. The Defense segment consists of military aero engines, naval engines, submarines and aftermarket services. The New Markets segment includes development, manufacture and sales of small modular reactors (SMRs) and new electrical power solutions. The company was founded in March 1906 and is headquartered in London, the United Kingdom.

Rolls-Royce Holdings Plc - ADR

Rolls-Royce Holding PLC (ADR)

Rolls-Royce (RYCEY) is experiencing strong bullish momentum, hitting new all-time highs as the community eagerly anticipates robust full-year results expected to include increased share buybacks and dividends. This optimistic outlook is further bolstered by ongoing defense contract discussions, a growing pipeline of civil aerospace engine orders, and significant advancements in its small modular reactor (SMR) business, positioned to power future energy demands and AI data centers.

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<ul class="summary-bullets"><li>An anonymous wallet sent 2.56 BTC, worth about $181,000, to Satoshi Nakamoto’s Genesis address over the weekend, according to Arkham Intelligence data.</li><li>Bitcoin sent to the Genesis address cannot be spent by design, and similar transfers have previously been viewed as symbolic acts that effectively remove coins from circulation.</li><li>The transfer revived attention on Satoshi Nakamoto’s estimated 1 million BTC holdings, which have never moved and would be worth more than $70 billion at current prices.</li></ul>An anonymous account transferred 2.56 Bitcoin (BTC), worth roughly $181,000, to Satoshi Nakamoto’s Genesis address over the weekend.According to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://intel.arkm.com/explorer/tx/a73335706adad5c400453fbc3c992f23cacf56b0ca964bc584f5f44ac7e0d412">on-chain data</a> tracked by Arkham Intelligence, the transaction was sent to Satoshi Nakamoto’s Genesis address, the first Bitcoin wallet ever created. The transfer drew attention because Bitcoin sent to this address cannot be spent or recovered.<h2 class="st-heading-2">Bitcoin Sent To An Unspendable Address</h2>The Genesis address&nbsp;holds the original block reward of 50 BTC, mined on January 3, 2009, when the Bitcoin network launched. That reward has never been spent. Today, the address holds about 57 BTC, valued at roughly $4 million, with all incoming funds permanently locked.Owing to Bitcoin’s first block mechanism, funds sent to the Genesis address are unspendable by design, according to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://bitcoin.org/en/download">Bitcoin Core</a>. As a result, analysts widely view such transfers as effectively removing Bitcoin from circulation, even though Bitcoin does not include a formal “burn” mechanism.The transaction sparked discussion on crypto social media. On X, a market watcher&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/Mrcryptoxwhale/status/2020533008604827755">wrote</a>, “Someone just transferred 2.56 BTC to Satoshi’s wallet, worth over $180,000. No one knows why.”<h2 class="st-heading-2">Satoshi’s Untouched Bitcoin Fortune</h2>Satoshi Nakamoto’s broader holdings remain untouched. According to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://intel.arkm.com/explorer/entity/satoshi-nakamoto?_gl=1*1avvocq*_gcl_au*MTI1MzIyOTczOS4xNzcwNjIwMjky*_ga*NjY5NjM4NjAuMTc3MDYyMDI5Mg..*_ga_P74N755GGG*czE3NzA2MjAyOTIkbzEkZzAkdDE3NzA2MjAyOTIkajYwJGwwJGgw">Arkham data</a>, Satoshi mined around 1.1 million BTC in Bitcoin’s early years. Those coins have never moved and would be worth roughly $70 billion to $77 billion at current prices.<a href="https://stocktwits.com/coins/bitcoin">Bitcoin (BTC)</a> was trading at $69,934.56, up by 0.78% over 24 hours. On Stockwits, the retail sentiment around BTC remained in the ‘bearish’ territory, as chatter levels around it improved from ‘extremely low’ to ‘extremely high’ over the past day.<h2 class="st-heading-2">Symbolic Transfers To Bitcoin’s First Address</h2>This is not the first time Bitcoin has been sent to the Genesis address. In January 2024, just days after Bitcoin’s 15th anniversary, an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://intel.arkm.com/explorer/address/bc1q9z82prqdknpv4ku3haargeu7c0h67yrpree6v2">unidentified crypto wallet</a> sent 27 BTC, worth $1.2 million, to the same address. Like the latest transfer, those funds remain permanently inaccessible.Such transfers tend to resurface during periods of heightened market attention, reinforcing Bitcoin’s fixed supply narrative, even if the financial impact is largely symbolic. Over the last week, Bitcoin hit a $60,000 low, while finally rebounding to the $70,000 level on Sunday.&nbsp; Read also: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/world-liberty-financial-wlfi-rises-house-investigation-trump-crypto/cZbHsr2R48n">WLFI Edges Up Despite Congress Turning Up Heat On Foreign Ties To Trump-Linked Cryp</a>toFor updates and corrections, email newsroom[at]stocktwits[dot]com

A Mysterious Bitcoin Transfer To Satoshi’s Wallet Is Turning Heads

An anonymous sender transferred 2.56 BTC to Satoshi’s Genesis address, permanently locking the funds, according to Arkham Intelligence data.

A $181,000 Bitcoin Transfer No One Can Ever Touch Sparks Fresh Satoshi Buzz

Cryptocurrency

An anonymous sender transferred 2.56 BTC to Satoshi’s Genesis address, permanently locking the funds, according to Arkham Intelligence data.


<ul class="summary-bullets"><li>Hedge fund exposure to BlackRock’s iShares Bitcoin Trust came into focus after Bitwise portfolio manager Jeff Park corrected claims around IBIT options limits on Saturday.</li><li>Park said IBIT continued to operate under a 250,000-contract position cap, while a separate SEC proposal to raise the limit to 1 million contracts remains unapproved.</li><li>Brevan Howard, IBIT’s largest disclosed institutional holder with a reported $2.3 billion stake, drew attention after Bloomberg reported its fixed-income fund will shut to external capital.</li></ul>Hedge fund exposure to BlackRock's iShares Bitcoin Trust (IBIT) came under fire on Saturday. The focus grew after Bitwise portfolio manager Jeff Park addressed misconceptions related to the ETF options limit.Park&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/dgt10011/status/2020244781742367071?s=20">said</a> on X that reports claiming Nasdaq removed options position limits for IBIT were incorrect. He explained that IBIT continued to operate under the standard 250,000-contract position limit, adding that no rule change had granted unlimited leverage on the fund.<a href="https://stocktwits.com/symbol/IBIT'">BlackRock’s iShares Bitcoin Trust (IBIT)</a> was trading at $39.66 and closed up over 9% on Friday. On Stocktwits, retail sentiment around IBIT remained in the ‘extremely bullish’ zone, as chatter stayed in ‘extremely high’ over the past day.He further explained that the Securities and Exchange Commission (SEC)&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/files/rules/sro/nasdaq/2026/34-104649.pdf">filing</a> circulating online applied to other spot Bitcoin and Ethereum ETFs seeking relief from a 25,000-contract cap. He added that a separate proposal filed in November to raise IBIT’s limit to 1 million contracts had not yet been approved,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.federalregister.gov/documents/2025/11/26/2025-21123/self-regulatory-organizations-nasdaq-ise-llc-notice-of-filing-of-proposed-rule-change-to-amend-the">according</a> to the Federal Register.<figure class="image"><a class="st-link-external" href="https://x.com/dgt10011/status/2020244781742367071?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_08_at_1_34_45_AM_png_91da66bd16.webp" alt="Screenshot 2026-02-08 at 1.34.45 AM.png" width="1076" height="1630"></a><figcaption>Bitwise's Jeff Park on the option order limit. Source: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/dgt10011">@dgt10011</a>/X</figcaption></figure>Attention has also turned to hedge fund positioning after disclosures showed Brevan Howard as the largest institutional holder of IBIT, with a reported $2.3 billion stake, according to public filing&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-01-28/brevan-to-shut-golchin-s-hedge-fund-as-focus-turns-to-main-fund">data</a>. Bloomberg reported in late January that Brevan Howard’s $1.4 billion Fixed Income fund would shut to external capital by the end of June, a development that drew market attention amid elevated ETF trading activity.<h2 class="st-heading-2">Record IBIT Trading Sparked Initial Scrutiny</h2>Previously, BitMex co-founder Arthur Hayes said that banks were hedging positions linked to the IBIT ETF, which is why Bitcoin sold off. He brought up Morgan Stanley's "structured note" associated with IBIT, which is essentially a bank wager on Bitcoin. In order to safeguard themselves, these banks had to sell as soon as Bitcoin’s price tanked.Positions in highly leveraged IBIT ETFs had to unwind on Thursday, when the ETF posted record trading volume and elevated options turnover. IBIT also recorded daily net outflows of roughly $175 million that session, while total spot Bitcoin ETFs saw more than $430 million in net outflows.<figure class="image"><a class="st-link-external" href="https://x.com/CryptoHayes/status/2020303703186763914?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_08_at_1_39_07_AM_png_4959df0d5d.webp" alt="Screenshot 2026-02-08 at 1.39.07 AM.png" width="1086" height="1316"></a><figcaption>Arthur Hayes on BlackRock's Bitcoin ETF. Source: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/CryptoHayes">@CryptoHayes</a>/X</figcaption></figure>On Saturday, Hayes<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/CryptoHayes/status/2020303703186763914?s=20"> noted</a> he is compiling outstanding IBIT-linked structured notes to build an internal volatility surface for trading. He added that once the team identifies compelling trigger points, it plans to position accordingly and disclose the trades afterward.Confirmation of any large institutional repositioning would only emerge through quarterly disclosures. U.S. hedge funds are required to report ETF holdings via Form 13F filings within 45 days of the end of each quarter, according to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/rules-regulations/staff-guidance/division-investment-management-frequently-asked-questions/frequently-asked-questions-about-form-13f">SEC rules</a>.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-to-0-a-standing-bid-to-buy-it-all-at-2-cents/cZbs0mkR482">Bitcoin To $0? This Cypherpunk Has A Standing Bid To Buy It All At 2 Cents</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

Are Hedge Funds Really Behind Bitcoin’s Wild Week? BlackRock’s IBIT Comes Under Spotlight Again

Hedge fund exposure to BlackRock’s IBIT drew attention after options-limit claims were corrected and large institutional holdings came into focus.

Equity

Hedge fund exposure to BlackRock’s IBIT drew attention after options-limit claims were corrected and large institutional holdings came into focus.


<ul class="summary-bullets"><li>The crypto market is down about 50% since October, erasing about $2.2 trillion in market cap, The Kobeissi Letter said.</li><li>Bitcoin is down about 10% since Trump’s election, with broad losses across major tokens shown in the post.</li><li>They flagged the October 2025 liquidation spike and said market depth remains more than 30% below its October peak.</li></ul>Bitcoin (BTC)&nbsp;erased its post-election rally on Thursday, according to The Kobeissi Letter, as a broader crypto sell-off left the market down about 50% since October last year.The Kobeissi Letter&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530610038165927?s=20">explained</a> on X that the crypto market’s decline since last October has erased about $2.2 trillion in total market capitalization, after Bitcoin reached an all-time high that same month. It added that Bitcoin is now down about 10% since Trump’s election, describing the move as a full reversal of the post-election advance.<figure class="image image_resized"><a class="st-link-external" href="https://x.com/KobeissiLetter/status/2019530610038165927?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_06_at_5_01_07_AM_png_f267846554.webp" alt="Screenshot 2026-02-06 at 5.01.07 AM.png" width="800" height="1018"></a><figcaption>Market analyst The Kobessi Letter on crypto crash. Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter">KobeissiLetter</a>/X</figcaption></figure><a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530623887770072?s=20">According</a> to the Kobeissi Letter, the selloff was not limited to crypto. The selling pressure spread into other asset classes, with sharp declines in large-cap technology stocks, even when earnings were strong. Microsoft&nbsp;(MSFT)&nbsp;went down by 10.53%, Nvidia&nbsp;(NVDA)&nbsp;was down by 10.7%, and Google&nbsp;(GOOGL/GOOG)&nbsp;was down by 2.66%. It pointed out that the “liquidation gaps” in crypto were carrying over into equities.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was trading at $65,030.20, down by 9.25% in 24 hours. On Stocktwits, retail sentiment around Bitcoin remained in ‘extremely bearish’ territory, while chatter levels remained ‘extremely high’ over the past day.<h2 class="st-heading-2">Liquidations And Market Depth Since October</h2>A chart&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530612898689359">shared</a> by the global markets commentator showed that 6th October marked a record high for total crypto market value at about $4.3 trillion and pointed to 10th October as a “record crypto liquidation.” This marked the biggest liquidation event in crypto’s history, with roughly $19.5 billion in leveraged positions being wiped out over 24 hours, dwarfing the FTX collapse in late 2022.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/KobeissiLetter/status/2019530612898689359/photo/1" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/H_Ab_HY_Mw_Wo_A_Auei_png_d92a4cbcee.webp" alt="HAbHYMwWoAAuei_.png" width="749" height="410"></a><figcaption>Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter">KobeissiLetter</a>/X</figcaption></figure>In the same chart, The Kobessi Letters marked 5th February as the point when crypto “erased” about $2 trillion in market cap, with the market cap reading around $2.34 trillion.The Kobeissi Letter further&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530628547375183?s=20">noted</a> that the decline on Thursday was “particularly noteworthy” because Bitcoin fell more than $9,000 on the day and selling pressure was “constant.” It added that, at times, Bitcoin dropped more than $2,000 in a matter of minutes. The Kobeissi Letter also shared a five-minute Bitcoin-U.S. dollar chart highlighting three intraday “gaps,” with the price shown around $63,338.The thread also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530621014667577">mentioned</a> that Bitcoin traded in a range between mid-November and mid-January before breaking lower around the middle of January this year. According to the posts, about $10 billion in leveraged positions have been liquidated in the last two weeks.&nbsp;The account&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530626353766804">cited</a> weaker market depth, which it described as the capital available to absorb large orders, saying it remains more than 30% below its October peak.&nbsp;Finally, The Kobeissi Letter&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/KobeissiLetter/status/2019530630963556449/photo/1">addressed</a> where a crypto bottom could form. It said a crypto bottom would come when “structural liquidity” is restored, alongside capitulation in price and leverage and “maximum bearish sentiment,” adding that the market appears “somewhat near that point.”&nbsp;Read also: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/worst-crypto-winter-ever-epstein-files-to-capital-outflows-bitcoin/cZbFeBnR4no">‘Worst Crypto Winter Ever?’ – Analysts Blame Everything From The Epstein Files To Capital Outflows For Bitcoin’s Drop To $65K</a> For updates and corrections, email newsroom[at]stocktwits[dot]com

Crypto Lost $2.2 Trillion Since October As Bitcoin Erases Post-Election Rally

Bitcoin erased its post-election rally by Thursday morning, as crypto fell around 50% below October levels, the Kobeissi Letter said.

$2.2 Trillion Wiped From Crypto Market Since October

Bitcoin erased its post-election rally by Thursday morning, as crypto fell around 50% below October levels, the Kobeissi Letter said.


<ul class="summary-bullets"><li>Joe Weisenthal said the current downturn is the “worst crypto winter ever,” citing multiple pressures, including weaker retail activity, fading institutional support, and structural challenges across the industry.</li><li>Other analysts offered mixed views, with some pointing to leverage and funding stress as key drivers of the sell-off, while others remained optimistic about crypto’s long-term outlook.</li><li>Market data showed continued weakness, with Bitcoin down nearly 48% from its October peak, investor sentiment in “fear” territory, and liquidation activity remaining elevated.</li></ul>Joe Wiesenthal of Bloomberg reported that the current downturn in digital assets represents the “worst crypto winter” on record.Weisenthal shared&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TheStalwart/status/2019452483232272732?s=20">on X</a> a link to his Bloomberg newsletter, saying the market is facing “multiple forces all hitting at once,” ranging from credit risks to weakening retail and institutional participation. He coined the term “the worst crypto winter ever,” outlining&nbsp;ten factors behind the prolonged slump.Weisenthal&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/newsletters/2026-02-05/10-reasons-this-is-the-worst-crypto-winter-ever">added</a> that it is not the deepest decline but the most difficult because “multiple forces” are hitting the market at once. He pointed out that the “we’re so early” narrative has faded as crypto products have gone mainstream, while online hype has weakened and institutions have focused more on stablecoins than existing tokens.<figure class="image"><a class="st-link-external" href="https://x.com/TheStalwart/status/2019452483232272732?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_06_at_3_39_55_AM_png_e4c3672a72.webp" alt="Screenshot 2026-02-06 at 3.39.55 AM.png" width="1198" height="1110"></a><figcaption>A Bloomberg analyst on crypto winter. Source: <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TheStalwart">@TheStalwart</a>/X &nbsp;</figcaption></figure><h2 class="st-heading-2">Bitcoin In Epstein Files?</h2>According to the journalist and TV show host, crypto has been a part of the recently released Epstein files as well, with “Bitcoin” showing up 1,512 times in the report. According to a New York Times&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.nytimes.com/2026/02/05/business/epstein-investments-palantir-coinbase-thiel.html">report</a>, some emails mention Jeffery Epstein’s ties with early Bitcoin developers, while stating that he invested nearly $3 million in Coinbase (COIN) back in 2014, after being introduced by crypto entrepreneur Brock Pierce.&nbsp;In the meantime, a major structural tailwind facing Bitcoin&nbsp;(BTC)&nbsp;during the bull run, concerted buying from corporate treasuries, is starting to wane as these companies’ positioning shifts away from net buyer into large holders that could eventually become sources of supply in a bear market. Taken together, these dynamics have put pressure on the crypto market, said Weisenthal.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was trading at $64,732.55, down over 8% in the last 24 hours. On Stocktwits, retail sentiment around BTC remained in ‘extremely bearish’ territory, as chatter continued to be at ‘extremely high’ levels over the past day.&nbsp;<h2 class="st-heading-2">Other Analysts Offer Mixed Views on Market Downturn</h2>Other market commentators have offered differing views on the sell-off. The Short Bear&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/TheShortBear/status/2019619742563143755?s=20">shared on X</a> that the decline reflected leverage and funding stress, while another market watcher, Balaji Srinivasan,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/balajis/status/2019372825241682335?s=20">added</a> that he remained “more bullish on crypto”, arguing that short-term price moves mattered less.<figure class="image"><a class="st-link-external" href="https://x.com/balajis/status/2019372825241682335?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_06_at_3_42_01_AM_png_56403dbbfa.webp" alt="Screenshot 2026-02-06 at 3.42.01 AM.png" width="816" height="760"></a><figcaption>Angel investor Balaji Srinivasan on the crypto market. Source: @b<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/balajis">alajis</a>/x</figcaption></figure>Weisenthal’s analysis comes as Bitcoin remains well below its October peak and trading activity across major tokens has slowed. Bitcoin is nearly down by 48% from its October high,&nbsp;with Bloomberg Intelligence analyst Mike McGlone also<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.linkedin.com/posts/mike-mcglone-a8442513_gold-stocks-bonds-activity-7423764398713917440-lwyg">&nbsp;pointing out</a> broader market pressures, comparing crypto’s performance with gold, stocks, and bonds.Market data showed continued stress. CoinMarketCap’s&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/charts/fear-and-greed-index/">Fear and Greed Index</a> remained in ‘extreme fear’ territory, while&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.coinglass.com/liquidations">data from Coinglass</a> indicated high liquidation activity in recent sessions.Analysts and market participants have continued to discuss whether the recent decline reflects a short-term pullback or a longer-term shift in market conditions.In a similar vein, Brett Knoblauch, Head of Digital Assets Research at Cantor Fitzgerald,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=OgTEW09GIdE">said</a> in January that it would be hard to know whether the market is in a long-term ‘bear’ sentiment. He also added that, “If people think we are in a crypto winter, it becomes a self-fulfilling prophecy,” referring to a situation in which buyers step back, selling pressure increases, and prices continue to fall.Read also: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bessent-calls-out-crypto-lobby-nihilists-to-move-to-el-salvador/cZbF5AAR4nN">Bessent Slams Crypto Lobby ‘Nihilists,’ Urges Regulation Holdouts To Leave U.S. Market</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

A person checking Bitcoin’s price outside Bitcoin ATM machine in Krakow's shopping mall, on August 11, 2023, in Lesser Poland Voivodeship, Poland. 

‘Worst Crypto Winter Ever?’ – Analysts Blame Everything From The Epstein Files To Capital Outflows For Bitcoin’s Drop To $65K

 Bitcoin remains nearly 48% below its October peak; analysts cite leverage stress, weak sentiment, and links to Epstein as reasons for Bitcoin’s drawdown.

‘Worst Crypto Winter Ever?’ – Analysts Blame Everything From The Epstein Files To Capital Outflows

Bitcoin remains nearly 48% below its October peak; analysts cite leverage stress, weak sentiment, and links to Epstein as reasons for Bitcoin’s drawdown.


<ul class="summary-bullets"><li>10x Research pointed to the unwinding of earlier cycle investments as a key driver.</li><li>Peter Brandt described the move as campaign selling marked by steadily lower highs.</li><li>Simply put, large-scale withdrawals might be tightening liquidity during a volatile period.</li></ul>Bitcoin’s (BTC) price sank further on Wednesday night, hovering near $70,000 as traders speculated on why Bitcoin is dropping despite improving long-term narratives.The apex cryptocurrency has fallen nearly 20% this year so far, and is trading 40% below its record high of over $126,000 seen in October. According to experts like Bitwise CIO Matt Hougan and Galaxy Digital CEO Mike Novogratz, this may be the tail-end of the crypto winter.&nbsp;<h2 class="st-heading-2">Why Is Bitcoin’s Price Dropping?</h2>Analysts at 10x Research stated that the current drawdown in <a href="https://stocktwits.com/coins/bitcoin">Bitcoin's price</a> is because of a broader reassessment of capital deployed earlier in the cycle, rather than a collapse in conviction around Bitcoin’s long-term role.“Each cycle introduces new narratives and promoters, often successfully attracting billions and, in this cycle, tens of billions of dollars in capital for single investments,” the firm said in a note. “Ironically, it is the subsequent reassessment of these allocations by investors, and the unwinding of the capital raised, that is now exerting downward pressure on Bitcoin.”Veteran trader Peter Brandt&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterLBrandt/status/2019246686166716588">echoed</a> that view, describing the selloff as methodical rather than disorderly. In a post on X, Brandt said Bitcoin’s eight-day pattern of lower highs and lower lows carried “all the fingerprints of campaign selling, not retail liquidation,” adding that such phases can persist without a clear signal for when they will end.<h2 class="st-heading-2">Withdrawals Add Another Layer of Pressure</h2>Binance co-founder Yi He&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/heyibinance/status/2019182356436017522">said</a> members of the crypto community have initiated what she described as a “withdrawal campaign” on the world’s largest crypto exchange, encouraging users to move assets off trading platforms.“Although the number of assets in Binance addresses has increased after the campaign was launched, I believe that regularly initiating withdrawals from all trading platforms is a very effective stress test,” Yi He wrote.&nbsp;<h2 class="st-heading-2">Crypto Sentiment Sours Despite Long-Term Optimism</h2>Broader market sentiment has deteriorated alongside the price action. “Feels like everyone just gave up on crypto,” crypto market water Lark Davis. “Metals and stocks were largely the better investments this cycle unless you got some big memecoin win. Bad times.”On Stocktwits, retail sentiment around BTC dropped lower within ‘extremely bearish’ territory even as chatter remained at ‘extremely high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_05_020204_png_94ce235fbc.webp" alt="Screenshot 2026-02-05 020204.png" width="1271" height="670"><figcaption>BTC retail sentiment and message volume on February 5 as of 12:45 a.m. ET | Source: Stocktwits</figcaption></figure>One user predicted that Bitcoin’s price may fall as low as $69,000 on Wednesday night.<stembedurl>https://www.stocktwits.com/Vlad_Put/message/644061244</stembedurl>Another anticipated a flash crash to $60,000.<stembedurl>https://www.stocktwits.com/Lazer_Ray/message/644060428</stembedurl>The latest move downward in Bitcoin’s price comes after the&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/macro-indicator-bitcoin-traders-watch-has-just-flipped-crypto-analysts-split/cZbiNpeR4lh">market anticipated</a> the apex cryptocurrency would rise following the marked improvement in ISM Manufacturing PMI on Monday. The reading crossed 50, usually a necessary condition for the crypto bull run.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-hits-end-of-winter-moment-michael-burry-mike-novogratz-agree/cZbmUZPR4NM">Bitcoin Hits ‘End-Of-Winter’ Moment? Michael Burry, Mike Novogratz And Matt Hougan Are On The Same Page</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bitcoin symbol is seen on a money exchange point in Warsaw, Poland on March 26, 2023. (Photo by Beata Zawrzel/NurPhoto via Getty Images)

Why Is Bitcoin Dropping? BTC’s Price Slides Towards $70K After A Week Of Lower Highs On 'Campaign Selling'

Analysts say the drop in Bitcoin’s price is because of capital reallocation rather than retail panic selling.

<ul class="summary-bullets"><li>In a post on X, Michael Burry shared a chart comparing the current crypto market slump to the 2022 crypto winter, hinting that the four-year cycle remains intact.</li><li>According to Bitwise CIO Matt Hougan, the market entered a full crypto winter in January, despite earlier strength in Bitcoin.</li><li>Galaxy Digital CEO Mike Novogratz echoes their sentiment, stating that Bitcoin appears closer to a bottom than the start of a new downturn during the company’s fourth quarter (Q4) earnings call.</li></ul>Bitcoin’s (BTC) price has fallen nearly 20% so far this year, sparking fears that the crypto bear market is here to stay. However, “The Big Short” investor Michael Burry, Galaxy CEO Mike Novagratz, and Bitwise CIO Matt Hougan think the worst of the “crypto winter” might be over.&nbsp;In a post on X, Burry charted a comparison between the crypto winter of 2022 and the current slump in&nbsp;<a href="http://stocktwits.com/coins/bitcoin">Bitcoin’s price,</a> with a cryptic “BTC patterns” message, signaling that the four-year cycle may still be intact despite&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/smartest-man-in-the-world-predicts-bitcoin-is-entering-a-decade-long-supercycle/cmyXtzKR4ii">claims to the contrary</a>.<figure class="image"><a class="st-link-external" href="https://x.com/michaeljburry/status/2019189561705001055" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_05_013303_png_51950ebb1c.webp" alt="Screenshot 2026-02-05 013303.png" width="816" height="617"></a><figcaption>Source: @michaeljburry/X</figcaption></figure>Burry’s comments&nbsp;follow his forecast that digital asset treasury (DAT) companies like Strategy (MSTR) could enter a&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/michael-burry-flags-death-spiral-for-mstr-miners-if-bitcoin-price-keeps-falling/cZbSHCsR4ZB">“death spiral”</a> if Bitcoin’s price falls another 10%. He added that crypto miners could face bankruptcy if BTC dips below $50,000.<h2 class="st-heading-2">When Did The Crypto Winter Begin?</h2>According to Hougan, the crypto market entered a “full-blown” winter in January, even though it had been in the making for a while. He said that Bitcoin’s price only reached a record high in October last year because ETF approvals pre-empted the cycle, and traders misread the market because Bitcoin didn’t collapse as altcoins did.<blockquote>“Once you accept that we’re in crypto winter, everything makes sense.”&nbsp;- Matt Hougan, Bitwise</blockquote>“This is peak end-of-winter behavior,” stated Hougan in a “The Wolf of All Streets”&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/live/w3KqS_EsTig">podcast</a> episode with Scott Melker, echoing Burry’s take on the current state of the crypto market. Novogratz also said that Bitcoin’s bottom is near on Tuesday during the company’s fourth quarter (Q4) earnings call, comparing it to porn. “You’ll know it when you see it,” he&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/glxy-stock-tumbes-ceo-mike-novogratz-says-bitcoin-bottom-is-like-porn/cZbSMl0R4Z7">told</a> shareholders.<h2 class="st-heading-2">When Will The Crypto Winter End?</h2>Alternative.me’s Fear &amp; Greed Index&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://alternative.me/crypto/fear-and-greed-index/">stuck</a> at ‘Extreme Fear’, traders rage-tweeting on X, leverage being flushed, and people taking their capital to other parts of the market are all signals that the crypto winter might be over, according to Hougan. “Winters die in exhaustion,” he said. “There’s no news that ever matters in a bear market.”Bitcoin’s price continued to extend its drop on Wednesday night, falling 7.4% in the last 24 hours to around $70,500. On Stocktwits, retail sentiment around the apex cryptocurrency dropped lower within the ‘extremely bearish’ territory as chatter remained at ‘extremely high’ levels.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/michael-burry-flags-death-spiral-for-mstr-miners-if-bitcoin-price-keeps-falling/cZbSHCsR4ZB">Michael Burry Flags Risk Of ‘Death Spiral’ For MSTR, Miners If Bitcoin’s Price Keeps Falling: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.

Bitcoin Hits ‘End-Of-Winter’ Moment? Michael Burry, Mike Novogratz And Matt Hougan Are On The Same Page

Bitcoin’s price has fallen nearly 20% this year, and is currently trading 40% below its record high of over $126,000 seen in October.

<ul class="summary-bullets"><li>Analysts flagged a data-heavy macro week, with rate decisions and U.S. labor reports expected to drive volatility across crypto and risk assets.</li><li>Market commentators warned that Bitcoin’s loss of key technical levels in past cycles has often preceded deeper drawdowns, keeping downside risks in focus.</li><li>Despite a short-term price bounce, Bitcoin saw heavy liquidations dominated by shorts, while retail sentiment remained bearish with elevated chatter levels.</li></ul>Bitcoin (BTC) climbed above $79,000 on Tuesday, rebounding from price levels last seen in late 2024 and putting the spotlight back on the $80,000 psychological mark for traders watching near-term momentum. Analysts warn that U.S. economic data and rate expectations could drive sharp moves in crypto and other risk assets.&nbsp;Bitcoin (BTC) had briefly touched $79,000 before dipping back to $78,469.67, up by 0.7% in the previous day. According to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/bitcoin/historical_data?start=2024-10-31&amp;end=2026-02-02">historical records</a>, Bitcoin’s rebound followed a decline back to price levels last seen in November 2024, a zone that previously saw sustained trading activity.&nbsp;&nbsp;Forbes reported that Yuya Hasegawa, crypto market analyst at Bitbank,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.forbes.com/sites/digital-assets/2026/01/31/worst-case-scenario-crypto-suddenly-braced-for-massive-1-trillion-bitcoin-price-crash/">said</a>, “A break below the key $80,000 psychological level could accelerate selling pressure once again.” He added that, “Should Bitcoin decline another leg lower, oversold conditions and perceived value levels may increasingly attract dip-buying interest.”<a href="https://stocktwits.com/coins/bitcoin">Bitcoin (BTC),</a> trading at around $78,175.11, up 0.9% in the last 24 hours, saw about $81.62 million in total liquidations. Liquidations rose as price volatility increased near key levels. On Stocktwits, the retail sentiment around Bitcoin changed from ‘extremely bearish’ to ‘bearish’ territory, with chatter at ‘extremely high’ levels over the past day.<h2 class="st-heading-2">Macro Data, Technical Signals, And Liquidations Shape Bitcoin Outlook</h2>Analysts at Ostium Labs also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/OstiumLabs/status/2018342001721364679?s=20">warned</a> that markets are entering a data-heavy week, with multiple interest-rate decisions and major U.S. economic releases scheduled. These included ISM manufacturing and services data, job openings, ADP employment figures, weekly jobless claims, and the January nonfarm payrolls report.&nbsp;The report noted that the concentration of Central Bank decisions and labor-market data could increase short-term volatility across currencies and other risk assets as investors reassess growth and interest-rate expectations.<h2 class="st-heading-2">History Points To Volatility Ahead</h2>Bitwise Chief Investment Officer Matt Hougan recently&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://experts.bitwiseinvestments.com/cio-memos/the-depths-of-crypto-winter">described</a> the current environment as a “crypto winter.” He noted that periods of high fear and consolidation have historically preceded longer-term recoveries.Market analyst Ali Charts also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/alicharts/status/2018592173394927973?s=20">pointed</a> out that in past cycles, Bitcoin often saw deeper corrections after losing the 100-week simple moving average, a pattern that has historically preceded drawdowns of “45%-58%.”&nbsp;The broader cross-asset backdrop has continued to weigh on crypto performance. Wintermute&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/wintermute_t/status/2018624339344851125">said</a> Bitcoin’s drop below $80,000 over the weekend triggered $2.55 billion in liquidations, as a delayed risk-off rotation driven by macro and earnings pressures hit risk assets.Read also:<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/djt-trump-token-crypto-pac-funding-us-elections/cZbitG2R4lv"> Why Trump-Linked Crypto Stocks And Tokens Are Back On Traders’ Radar</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

Is Bitcoin Ready To Test $80K Again? Traders Are Watching Liquidation Signals, US Economic Data 

Analysts warned that a data-heavy macro calendar, weak risk appetite, and lingering technical pressures continue to raise volatility risks for crypto markets.

<ul class="summary-bullets"><li>Fidelity Wise Origin Bitcoin Fund led inflows, attracting $152.3 million.</li><li>BlackRock’s iShares Bitcoin ETF followed with $142 million added to holdings.</li><li>Ethereum spot ETFs continued to see outflows.</li></ul>Spot Bitcoin (BTC) exchange-traded funds (ETFs) opened February with $560 million in inflows on Monday, snapping a four-session stretch that saw more than $1.5 billion flow out of the funds.&nbsp;Ethereum (ETH) spot ETFs continued to see outflows, though there was a notable decrease to $2.9 million on Monday, as compared to nearly $253 milllion on Friday last week.&nbsp;<h2 class="st-heading-2">Fidelity and BlackRock Lead Bitcoin ETF Inflows</h2>According to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://farside.co.uk/btc/">data</a> from Farside Investors,&nbsp;<a href="https://stocktwits.com/symbol/FBTC">Fidelity Wise Origin Bitcoin Fund (FBTC)</a> led inflows with $152.3 million flowing in. The ETF edged 0.16% higher in pre-market trading, with retail sentiment on Stocktwits shifting to ‘bullish’ from ‘bearish’ over the past day. Chatter remained at ‘high’ levels. &nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_063438_png_3e919534bf.webp" alt="Screenshot 2026-02-03 063438.png" width="1258" height="141"><figcaption>FBTC retail sentiment and message volume on February 3 as of 4:45 a.m. ET | Source: Stocktwits</figcaption></figure>The&nbsp;<a href="https://stocktwits.com/symbol/IBIT/">iShares Bitcoin ETF (IBIT)</a> followed with $142 million capital being added to its holdings. The fund moved 0.20% higher in pre-market trade. Retail sentiment around the ETF also flipped to ‘bullish’ from ‘bearish’ over the past day, with chatter rising to ‘extremely high’ from ‘high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_063422_png_cfd1d1593e.webp" alt="Screenshot 2026-02-03 063422.png" width="1247" height="145"><figcaption>IBIT retail sentiment and message volume on February 3 as of 4:55 a.m. ET | Source: Stocktwits</figcaption></figure>The&nbsp;<a href="https://stocktwits.com/symbol/ARKB">ARK 21Shares Bitcoin ETF (ARKB)</a> saw $65.1 million in inflows, coinciding with Ark Invest adding shares of the ETF to its ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW). The ETF moved 0.19% higher in pre-market trade, but retail sentiment around the fund remained in ‘bearish’ territory over the past day, even as chatter rose to ‘extremely high’ from ‘high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_063453_png_a525d7c52e.webp" alt="Screenshot 2026-02-03 063453.png" width="1271" height="152"><figcaption>ARKB retail sentiment and message volume on February 3 as of 5:05 a.m. ET | Source: Stocktwits</figcaption></figure>The Bitwise Bitcoin ETF (BITB) recorded $96.5 million in inflows. The Invesco Galaxy Bitcoin ETF (BTCO), VanEck Bitcoin Trust (HODL), WisdomTree Bitcoin Fund (BTCW), and Grayscale Bitcoin Trust (BTC) also posted inflows, but they were modest by comparison.<h2 class="st-heading-2">Crypto Markets Stabilize</h2><a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> edged 0.7% higher in the last 24 hours to around $78,100 – paring gains after clocking an intra-day high of over $79,000. The apex cryptocurrency remains nearly 40% below its record high of over $126,000 seen in October last year.&nbsp;On Stocktwits, retail sentiment around BTC improved to ‘bearish’ from ‘extremely bearish’ territory amid chatter at ‘extremely high’ levels.&nbsp;Meanwhile,&nbsp;<a href="https://stocktwits.com/coins/ethereum">Ethereum’s price</a> edged just 0.2% higher in the last 24 hours to around $2,270. Retail sentiment around the leading altcoin remained in ‘bearish’ territory over the past day, accompanied by ‘extremely high’ levels of chatter.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/cathie-wood-says-i-would-shift-from-gold-to-bitcoin-as-ark-invest-buys-the-dip/cZbikVHR4lf">Cathie Wood Says ‘I Would Shift From Gold To Bitcoin’ As ARK Invest Buys The Dip In Crypto Stocks</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Bitcoin ETFs Kick Off February With $560 Million Inflows After $1.5 Billion Selloff

Bitcoin spot ETFs recorded $560 million in net inflows on Monday, snapping a four-session outflow streak.

<ul class="summary-bullets"><li>Analysts broadly see the data as supportive for crypto but disagree on how the impact may play out.&nbsp;</li><li>Real Vision CEO Raoul Pal said PMI strength is a necessary condition for sustained crypto gains.</li><li>Other analysts remain cautious, citing the low likelihood of a new bull market.</li></ul>A surprise jump in the ISM Manufacturing PMI to 52.6 on Monday, marking its first expansion in 12 months, split crypto analysts over what the data could mean for Bitcoin (BTC) and the broader cryptocurrency market.The reading marked the highest level the ISM Manufacturing PMI has been at since August 2022. It was also a notable improvement from December’s 47.9 reading and beat forecasts of 48.5.&nbsp;While most market watchers agree that the numbers are positive for the overall cryptocurrency market, they remain divided on the extent of the impact on prices and how it will play out.&nbsp;<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> rose 2.9% in the last 24 hours to around $78,800 – extending its recovery from the weekend flash crash that pulled the crypto market’s value below $3 trillion.&nbsp;On Stocktwits, retail sentiment around the apex cryptocurrency improved marginally to ‘bearish’ from ‘extremely bearish’ territory over the past day, with chatter remaining at ‘extremely high’ levels.&nbsp;<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_024812_png_59927847ab.webp" alt="Screenshot 2026-02-03 024812.png" width="1252" height="136"><figcaption>BTC retail sentiment and message volume on February 3 as of 1:45 a.m. ET | Source: Stocktwits</figcaption></figure><h2 class="st-heading-2">Analysts Split On What PMI Expansion Means For Crypto</h2>“ISM is not everything, and it doesn’t mean up only yet necessarily, but it is a necessary condition for strong crypto prices over time (as in liquidity),” Raoul Pal, Real Vision CEO, said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/RaoulGMI/status/2018502366996070449?s=20">post&nbsp;</a>on X. The former Goldman Sachs managing director is known for correctly predicting the 2011 peak and the 2025 crypto rally.<figure class="image"><a class="st-link-external" href="https://x.com/RaoulGMI/status/2018502366996070449" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_024848_png_e3bea2f084.webp" alt="Screenshot 2026-02-03 024848.png" width="811" height="772"></a><figcaption>Source: @RaoulGMI/X</figcaption></figure>However, others disagree. Host of ‘Colin Talks Crypto’ and creator of the Crypto Bitcoin Bull Run Index (CBBI) stated that while the uptick in ISM is a “nice start”, it’s more than likely that Bitcoin is still in a bear market. “I give this outcome of ISM causing (or signalling) a 2026 extended bull run about a 20% chance of materializing,” he wrote in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ColinTCrypto/status/2018529493275628013">post</a> on X. “It's possible. I won't rule it out. But I don't think it has big odds.”Meanwhile, entrepreneur and investor Mark Chadwick said the PMI reading signals that altcoin season may finally be upon the crypto market. “This PMI chart can’t get any clearer; when PMI is high, we go parabolic,” he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/markchadwickx/status/2018411553360666898">wrote</a> on X.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/markchadwickx/status/2018411553360666898" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_03_024838_png_6645f608ed.webp" alt="Screenshot 2026-02-03 024838.png" width="833" height="1026"></a><figcaption>Source: @markchadwickx/X</figcaption></figure><h2 class="st-heading-2">Why ISM Manufacturing PMI Matters for Crypto Markets</h2>Crypto commentator Jesse Eckel argued that the PMI’s move above 50 carries historical significance for the crypto market. He noted that major crypto bull runs in 2013, 2017, and 2021 coincided with ISM readings above the expansion threshold.“This entire cycle, since 2021, we’ve been below 50 with only tiny blips above the surface,” he wrote in a post on X. “This is by far the largest move up we’ve had this cycle. Run it hot.”According to Eckel, the PMI itself is less important as a survey and more valuable as an indicator of economic acceleration and liquidity momentum. He explained that when liquidity expands and economic activity accelerates, investors tend to move further out along the risk curve. This usually spells good news for Bitcoin, NFTs, and altcoins across the crypto market. “People don't invest in the riskiest assets when they are scared; they do it when they are greedy,” he said.So far, he noted that the currency cycle has been driven purely by narrative, institutional adoption, and “boomer” ETF money. He forecast the current setup could result in a bigger crypto cycle than the one the market saw in 2021.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/cathie-wood-says-i-would-shift-from-gold-to-bitcoin-as-ark-invest-buys-the-dip/cZbikVHR4lf">Cathie Wood Says ‘I Would Shift From Gold To Bitcoin’ As ARK Invest Buys The Dip In Crypto Stocks</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A Bitcoin sign is displayed on the wall of developers Ciprés and Rilea Group on July 16, 2025, in Miami, Florida. (Photo by Joe Raedle/Getty Images)

This Macro Indicator Bitcoin Traders Watch Has Just Flipped – Crypto Analysts Split On What It Means For BTC

A surprise jump in the ISM Manufacturing PMI to 52.6 on Monday, marking its first expansion in 12 months, split crypto analysts over what the data could mean for Bitcoin (BTC) and the broader cryptocurrency market.

ISM Manufacturing PMI rose to 52.6 on Monday, its first expansion reading in 12 months.

<ul class="summary-bullets"><li>Bitcoin is trading about 35% below its implied long-term fair value.&nbsp;</li><li>Backtesting showed that past extreme deviations always reversed, with strong 12-month returns.</li><li>Based on the historical pace of correction, he projected Bitcoin’s price could reach $113,000 by June 2026, $145,000 by October, and $162,000 by early 2027.</li></ul>A&nbsp;crypto analyst said&nbsp;on Sunday that&nbsp;Bitcoin (BTC) is trading at its deepest statistical discount in history, arguing that long-term mathematical models point to a sharp mean-reversion rather than a slow recovery, on Friday.&nbsp;A managing director of an energy company,&nbsp;David,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/david_eng_mba/status/2017828553254166851">said</a> Bitcoin was trading at a 35.5% deviation below its 15-year power-law trend, calling the move “not an opinion” but a “statistical displacement the market is currently ignoring.” He noted that Bitcoin’s implied power-law fair value sits around $122,425, compared with a spot price near $79,000, placing the asset firmly in a historical “oversold” regime.David&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/david_eng_mba/status/2018183424469877042?s=20">described</a> his framework as rooted in engineering rather than theory, arguing that Bitcoin has a “thermodynamic floor” because every coin requires real energy and work. He noted that when prices approach production costs, miners shut off, issuance slows, and selling pressure collapses, while prices far above cost bring supply back into the market. He described this as a bounded system where price compresses for long periods before snapping higher, which is why mean-reversion models apply.<figure class="image"><a class="st-link-external" href="https://x.com/david_eng_mba/status/2017828553254166851" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_02_02_at_5_35_03_AM_png_2248ef5435.webp" alt="Screenshot 2026-02-02 at 5.35.03 AM.png" width="1178" height="1388"></a><figcaption>Bitcoin's power law model prices Bitcoin at $122,425. | Source: @<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/david_eng_mba">david_eng_mba</a>/x</figcaption></figure><h2 class="st-heading-2">Bitcoin’s Price May Lag Behind Bull Predictions</h2>The analyst back-tested every comparable oversold event since 2010 and found that Bitcoin delivered positive returns over the following 12 months each time. Based on the historical pace of correction, he projected Bitcoin could reach $113,000 by June 2026, $145,000 by October, and $162,000 by early 2027, far below what many<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/no-faith-in-any-given-trade-peter-brandt-pushes-back-on-tom-lee-s-200k-bitcoin-target/cmUeFEzR43i"> bulls had earlier predicted.</a><a href="https://stocktwits.com/coins/bitcoin">Bitcoin (BTC)</a> was trading at $76,712, down by 2.4% over 24 hours. On Stockwits, the retail sentiment around Bitcoin remained in ‘extremely bearish’ territory, as chatter levels around it improved from ‘extremely low’ to ‘extremely high’ over the past day. The apex cryptocurrency last saw this price point in 2024.<h2 class="st-heading-2">Raoul Pal Flags Liquidity Discount</h2>The analyst's view aligned with&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/why-crypto-is-crashing-has-to-do-with-gold-than-binance-or-etfs-raoul-pal/cZbgWOHR4js">comments</a> from Real Vision CEO Raoul Pal, an entrepreneur and macro investor, who said Bitcoin is deeply discounted relative to global liquidity trends.&nbsp;In a recent Coin Bureau podcast, Pal&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=woxx8Onvni0">said</a> Bitcoin should be trading closer to $160,000 based on how global liquidity and the Nasdaq have historically tracked. Pal described the current market as a “technical year,” arguing the gap reflects timing rather than weak demand. If liquidity conditions continue to improve, he said the discount is unlikely to persist.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/tron-justin-sun-trx-price-manipulation-sec/cZbgLxXR4jv">Justin Sun’s TRON Faces Fresh Allegations As Lawmakers Question SEC’s Pause</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

Bitcoin Faces ‘Largest Pricing Error In History’ As Long-Term Models Flash Oversold Signals, Says Analyst

An analyst says Bitcoin is deeply discounted relative to long-term models and liquidity trends, with historical patterns suggesting sharp mean reversion ahead.

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