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Bitwise CEO: This Round of Cryptocurrency Market Crash Mainly Due to Macro Environment, Investors Liquidating All Assets

1 hours ago

On February 6th, Bitwise CEO Hunter Horsley told CNBC in an interview: “Bitcoin’s had a double-digit single-day drop, is now in a bear market, and has fallen nearly 30% since the start of the year. As for why? I think the crypto market’s currently caught up in the broader macro environment—investors are dumping all liquid assets right now. Gold’s down, the Nasdaq 100’s falling, and even Amazon’s being sold off. Over the past few months, the crypto space has had some internal issues—like offshore trading platforms hitting operational snags—but right now, crypto assets are trading more in sync with other high-liquidity assets. Long-term holders are feeling uncertain, but new institutional investors see this as a ‘second chance’—prices they thought they’d missed out on forever are back. We’re in a transitional phase right now. At the end of the day, crypto’s still a tiny asset class; most investors haven’t fully allocated to it yet. So the long-term outlook is solid—we’re just going through the volatility and back-and-forth that comes with this transition.”
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Bitcoin's year-to-date return for February is currently -17.36%, with a historical average return of 10.94%.

As of February 6, Bitcoin’s February return this year stands at -17.36% (per Coinglass data), compared to a historical average of +10.94%. Since 2013, Bitcoin’s average November return has been +10.94%, with a median November return of +11.68%. Over the past 13 years, February has posted 10 gains and 3 losses. This year’s February decline is only second to -31.03% (2014) and -17.39% (2025).

2 minutes ago

「Strategy Counterparty」 recorded a loss of over $31 million in a single day, and once again injected $8 million to replenish its 'ammunition'.

On February 6, according to the Coinbob Popular Address Monitor, the "Strategy Whales" address liquidated long positions across multiple tokens totaling approximately $175 million this morning, incurring a total loss of $31.13 million. This loss pushed its account balance from tens of millions of dollars to less than $6 million. Subsequently, the address transferred roughly $8.29 million to Hyperliquid to replenish margin and maintain account operations. Its total account balance has now recovered to around $12.9 million. Details of the liquidated positions are as follows: - Pre-liquidation ETH long position: ~$105 million; Liquidation price: $1,933; Loss: $17.83 million - Pre-liquidation BTC long position: ~$41.52 million; Liquidation price: $65,700; Loss: $6.3 million - Pre-liquidation SOL long position: ~$15.44 million; Liquidation price: $82; Loss: $3.57 million - Pre-liquidation XRP long position: ~$13.88 million; Liquidation price: $1.25; Loss: $3.43 million The

2 minutes ago

Bitfinex: Bitcoin Weekly Loss Hits New High Since FTX Downturn, Weekly RSI Indicates Severe Market Oversold

Update: Bitfinex reported Feb. 6 that Bitcoin just logged its biggest weekly drop since FTX’s collapse in late 2022. Its weekly RSI has hit (or approached) levels above those seen during post-FTX market pressure. Notably, an RSI bottom doesn’t guarantee the price has hit a bottom too—but it signals the market is deeply oversold right now.

2 minutes ago

Cardano Founder: Has Lost Over $3 Billion in the Crypto Space, But Still Chooses to Continue Investing in Cryptocurrency

On February 6, CryptoBriefing reported that Cardano founder Charles Hoskinson disclosed in a live stream he still continues investing in cryptocurrency despite losing over $3 billion in the crypto space. Hoskinson stressed he is not motivated by personal gain, always rejecting controversial or high-risk opportunities and prioritizing ethics and principles over resources, connections, or influence. This has allowed him to steer clear of high-profile scandals like the FTX collapse and the Epstein documents. He has previously slammed some industry leaders for embracing the flawed "CLARITY Act" in pursuit of power, wealth, and elite standing. When discussing the current market environment, Hoskinson urged the crypto community to confront the downturn head-on, focusing on collaboration and ongoing development rather than short-term price fluctuations.

2 minutes ago

Analysis: Bitcoin Mayer Multiple Rarely Dips Below 0.6, Potentially Signaling Bull Run

On February 6, Charles Edwards—founder of Capriole, a Bitcoin and digital asset quantitative fund—stated that a bullish signal for Bitcoin is emerging. Bitcoin’s Mayer Multiple has dropped to a rare level near 0.6. While further downside in Bitcoin’s price remains possible, this range has historically aligned with some of the most attractive buying opportunities in Bitcoin’s history. **BlockBeats Note**: The Bitcoin Mayer Multiple is a technical indicator for analyzing Bitcoin markets, proposed by Trace Mayer. It assesses the market’s relative valuation by comparing Bitcoin’s current price to its 200-day moving average (200DMA). Historically, when the Mayer Multiple rises above 2.4, it typically signals an overheated market, which could trigger a correction or bear market. When the Mayer Multiple falls below 0.8, the market may be undervalued, presenting a strong buying opportunity.

2 minutes ago

Michael Saylor Responds to Quantum Computing Risk: Threat at Least 10 Years Away, Strategy to Launch Bitcoin Security Initiative

On February 6th, Michael Saylor addressed concerns about Bitcoin’s quantum computing risk during MicroStrategy’s fourth-quarter earnings call, dismissing those claims as mere FUD surrounding Bitcoin. Saylor noted that quantum computing remains over a decade away from true maturity—currently a promising but early-stage technology. Many industries, including financial services and defense, still heavily rely on traditional cryptographic systems. Worldwide, investment and research into post-quantum cryptographic protocols (to counter quantum threats) are intensifying. The Bitcoin community has also been engaging in and contributing to relevant R&D efforts. If Bitcoin ever requires an upgrade in the future, a global consensus will be reached. Once post-quantum security upgrades are deployed, Bitcoin will only grow stronger. MicroStrategy plans to launch a Bitcoin security initiative, partnering with global cybersecurity, cryptographic, and Bitcoin security communities.

2 minutes ago