Bitcoin Bounces Nearly 10% from This Morning's Low Point, Providing Market Relief

Bitcoin has fallen below $64,000, currently trading at $63,785 as of February 6, according to HTX market data. The cryptocurrency has recorded a 10.35% decline over the past 24 hours.

February 6th — Official sources confirm that Pump.fun has announced the acquisition of trading execution terminal provider Vyper. Financial terms of the deal were not disclosed. Vyper’s entire team and technical staff will join Pump.fun’s broader product ecosystem, and the company’s infrastructure will soon be migrated to Pump.fun’s Terminal platform. As previously reported, Pump.fun acquired Padre last year and rebranded it as Terminal, a multi-chain trading platform.

On February 6th, per official sources, Strike stated it experienced exceptionally high traffic today, temporarily paralyzing the Bitcoin payment network. The service has now been fully restored.

On February 6, Relay Protocol—an on-chain fund interoperability infrastructure—announced it has completed a $17 million Series B funding round, led by Archetype and Union Square Ventures (USV). Additionally, the protocol revealed the upcoming launch of Relay Chain, an infrastructure built for instant cross-chain settlement.

On February 6, TradingView data shows Bitcoin’s weekly Relative Strength Index (RSI) has fallen to 26.62 as the price dropped to $64,000—matching levels seen during the 2022 bear market in June. The RSI is a widely used technical indicator across stocks, futures, forex, and crypto. Developed by U.S. technical analyst J. Welles Wilder in 1978, it measures the speed and magnitude of price moves to identify overbought/oversold conditions and potential reversal or trend continuation signals. Typically, RSI below 30 signals oversold territory.

**February 6th Market Brief** Per data from Coinbob Popular Address Monitor, spot silver posted a 15% intraday drop, hitting a low of $66. In this market shift, crypto influencer CBB (X handle: @Cbb0fe) moved quickly to adjust positions: he closed out all initial xyz:SILVER short positions, flipped to open a 3x leveraged long position on silver, and then added to the position repeatedly. As of now, CBB has partially closed roughly $1 million of his long positions. Key metrics: - Average entry price: ~$70.9 - Total position size: ~$15.65 million - Unrealized profit: ~$290,000 - Return: ~5% A seasoned trader and on-chain participant with ~100,000 X followers, CBB rose to prominence 25 years ago for publicly executing a hunt on a multi-billion-dollar BTC short whale. He now focuses on high-frequency commodity trading on Hyperliquid, primarily taking short positions.