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As of February 11, the probability that Bitcoin will drop to $55k this year on Polymarket has climbed to 78%. Additionally, the odds of it falling to $50k are 63%, while the chances of it rising to $80k stand at 72% and to $90k at 55%.

**SBF (via friend) claims Biden DOJ threatened witnesses; demands conviction reversal, Kaplan recusal** On February 11, Sam Bankman-Fried (SBF) posted a message (relayed by a friend with access to his account—he is currently in prison) asserting new evidence shows the U.S. Department of Justice (DOJ) under President Biden’s leadership threatened multiple witnesses to stay silent or alter their testimony. He argued his conviction should be overturned. SBF also called for Judge Lewis Kaplan to recuse himself from the motion, citing the judge’s tendency to prejudge and preordain guilt for the defendant (himself) and claiming Kaplan has intentionally made things difficult for his team, making a fair ruling impossible. The post tagged @realDonaldTrump. BlockBeats Note: SBF is currently incarcerated; the message was relayed by a friend with access to his account.

On February 11, per Bitget market data, pre-market trading for U.S.-listed crypto-related stocks saw a broad decline. Key moves include: - MicroStrategy (MSTR): Down 3.38% - Coinbase (COIN): Down 4.01% - Circle (CRCL): Down 1.99% - MARA Holdings (MARA): Down 3% - Riot Blockchain (RIOT): Down 2.63% - Bit Digital Inc. (BTBT): Down 3.26% - Sphere 3D Corp. (ANY): Down 1.95% ### Notes on U.S. language/format habits: 1. Used **"per"** (common in financial/quick news) instead of "according to" for conciseness. 2. Swapped "crypto concept stocks" for **"crypto-related stocks"** (more natural in U.S. market terminology). 3. Used clear bullet points (standard for quick stock updates) and separated stock names/code/drops for readability. 4. Kept original stock names/codes as provided (e.g., "MARA Holdings" instead of full "Marathon Digital Holdings" to match input). 5. Avoided redundant wording (cut unnecessary breaks, kept flow tight for a news brief).

February 11th — DWF Labs said in a post that the market is currently in the final phase of a bear market, marked by heightened volatility. Bitcoin has dropped to around $67,000, with liquidity drying up and leveraged positions seeing significant liquidations. Institutional investors have also failed to cushion the downturn: Bitcoin spot ETFs recorded outflows totaling $2.9 billion over just 12 trading days earlier this year. The unexpected dip in Bitcoin below $70,000 has grabbed the attention of some institutional investors. DEF expects Bitcoin to continue fluctuating within a roughly 15% range around current levels.

On February 11th, DefiLlama data shows **trading volumes on major perpetual DEX platforms dipped slightly**, while open interest held relatively stable. Hyperliquid still leads in trading volume, followed by EdgeX—Aster’s volume saw a notable drop. Here’s the latest breakdown of key perp DEX metrics: - **Hyperliquid** (link: https://app.hyperliquid.xyz/join/NTOD): 24hr trading volume ~$60.6B, TVL ~$42.2B, open interest ~$49.7B - **EdgeX**: 24hr trading volume ~$30.2B, TVL ~$18.1B, open interest ~$10.5B - **Aster** (link: https://www.asterdex.com/en/referral/aboter): 24hr trading volume ~$30.1B, TVL ~$10.9B, open interest ~$18.4B - **Lighter** (link: https://app.lighter.xyz/?referral=70045843): 24hr trading volume ~$18.4B, TVL ~$9.15B, open interest ~$7.07B - **Grvt**: 24hr trading volume ~$16.3B, TVL ~$89.94M, open interest ~$3.96B - **Pacifica** (link: https://app.pacifica.fi/?referral=pacbot): 24hr trading volume ~$9.36B, TVL ~$39.03M, open interest ~$47.68M ### N

On February 11, Goldman Sachs disclosed holding 237,874 shares of MicroStrategy (MSTR)—the Bitcoin treasury firm. Its total stake in MSTR now stands at 2.33 million shares, valued at $301 million.