market

Strategy (MSTR) Executive Chairman Michael Saylor stated in an interview with CNBC that the market's concerns about the company being forced to sell BTC due to the decline in Bitcoin prices are unfounded, and he reiterated that the company will continue to implement its long-term strategy of accumulating Bitcoin.Saylor mentioned that Strategy's current net leverage level is below that of typical investment-grade companies, and there is no credit risk on the balance sheet. The company not only has no plans to sell but also expects to continue buying Bitcoin every quarter. Last week, Strategy purchased 1,142 BTC for approximately $90 million, bringing its total holdings to 714,644 BTC, with an average cost of about $76,056.He pointed out that Bitcoin's high volatility is both a risk and a characteristic, and he believes that as digital capital, it is still expected to outperform traditional assets in the next 4 to 8 years. Previously, Strategy reported an operating loss of $17.4 billion and a net loss of $12.6 billion for the fourth quarter, primarily due to the accounting valuation adjustments resulting from the decline in Bitcoin prices.

According to Jinshi reports, Fed's Logan stated that last year's rate cuts were taken as "insurance" to prevent a cooling labor market, but at the same time, it also increased the risks related to inflation.

According to Jin Ten, Fed's Logan stated that if further and substantial cooling in the labor market is observed, a rate cut may be appropriate.

According to Bitcoin Magazine, Harvard University's Bitcoin ETF holdings exceed the market value of its parent company Alphabet's shares.

According to Jinshi reports, the scale of capital flow in the U.S. stock market has reached a new high, with the average daily stock trading volume in January exceeding $1 trillion, reaching a record $1.03 trillion, an increase of about 50% compared to the same period in 2025. The daily number of shares traded is approximately 19 billion, the second highest in history. The trading activity of retail investors and institutional funds has risen simultaneously, but against the backdrop of concerns over high valuations, the continuous influx of capital also exposes participants to higher risks.

U.S. Treasury Secretary Yellen stated in an interview with Fox News that the cryptocurrency market structure bill needs to be passed in the spring, adding, "We need to get the cryptocurrency market structure bill done," while also expressing optimism about the passage of the bill.

OKX will launch ESP/USDT pre-market trading on February 11, 2026, at 00:00. The contract type is perpetual contract, and the leverage range is from 0.01 to 5 times. Users can deposit USDT balance to prepare for ESP/USDT pre-market trading.

According to the "2026 Skynet Prediction Market Report" released by CertiK, the trading volume of prediction markets is expected to grow to $63.5 billion in 2025, achieving a fourfold increase, with Kalshi, Polymarket, and Opinion becoming the dominant platforms. However, this growth in scale also brings new risks, including oracle vulnerabilities, administrator key abuse, and Web2.5 architecture issues.The report notes that prediction markets have been deemed legal financial products in the U.S. through CFTC rulings, but are banned in several EU countries as unauthorized gambling. Additionally, regulatory differences among U.S. states may further complicate compliance. In December 2025, a security incident involving Polymarket's third-party certification provider exposed centralized failure points in the hybrid Web2/Web3 architecture.The research also estimates that during the peak of airdrops, manual trading volume on some platforms reached 60%, severely distorting liquidity metrics. CertiK predicts that in 2026, prediction markets will see enhanced technical privacy and accelerated institutional adoption, but platforms must simultaneously address issues such as liquidity maintenance, security infrastructure development, and the sustainability of revenue models to achieve long-term growth.

Kaiko Research analysis indicates that Bitcoin fell to around $59,930 earlier this month, marking a new low since October 2024, which may signify the "midpoint" of the current bear market. The market has moved away from the post-halving frenzy phase and entered a typical bear market period that usually lasts about 12 months, paving the way for the next accumulation phase.On-chain indicators and the performance of mainstream crypto assets show that the market is approaching key technical support levels, which will determine whether the four-year cycle framework continues. The spot trading volume on major centralized exchanges has decreased from about $1 trillion in October 2025 to $700 billion in November, a drop of approximately 30%. The total open interest in Bitcoin and Ethereum futures has also decreased from $29 billion to $25 billion, indicating ongoing market deleveraging. With multi-cycle oversold indicators emerging, the question of Bitcoin's rebound is more about "when it will happen" rather than "if it will happen."

According to Jinshi, Bank of America CEO Moynihan stated that interest rates will continue to decline, which is very beneficial for the market.

According to Forbes, Polymarket announced a partnership with Kaito AI to launch an "Attention Market," allowing users to predict the popularity of trends, brands, and individuals, as well as public opinion. Polymarket's trading volume exceeded $1 billion in January, and the collaboration with Kaito AI will support its expansion into the "Attention Market."

According to Jinshi News, S&P Global (SPGI.N) fell by as much as 18% in pre-market trading, and is currently down by 16%.

The Chinese company Zhongchi Chefu Internet Technology Co., Ltd., listed on the US stock market, announced the completion of negotiations to acquire approximately $1.1 billion worth of high-quality digital assets from a cryptocurrency institution, valued at about $1.87 billion.This acquisition includes mainstream crypto assets, high-growth potential public chain ecological tokens, infrastructure assets related to stablecoins and compliant payment, as well as equity and tokens from multiple high-quality projects. At the same time, Zhongchi Chefu's US subsidiary has reached a principle cooperation agreement with the cryptocurrency giant, where both parties will engage in deep cooperation in the development of the Digital Asset Treasury (DAT), the construction of compliant crypto payment infrastructure, and the expansion of multi-scenario payment ecosystems, jointly creating and leading the global cryptocurrency digital asset treasury and crypto payment market. The management of Zhongchi Chefu stated that this counter-cyclical digital asset acquisition marks the company's transition from "traditional asset allocation" to a new era of "global diversified digital asset allocation."

According to market news, LayerZero previously released a video showing what appears to be the upcoming blockchain "Zero," but the related video has now been deleted.

According to Jin Ten, U.S. Treasury yields fell during the European trading session as the market focused on the U.S. labor market data for January, which has been postponed to Wednesday. Prior to that, the weekly ADP private sector employment data is set to be released. DHF Capital S.A. analyst Bas Kuijman stated that this data could further strengthen market expectations for a U.S. rate cut, and any data that falls short of expectations could intensify market caution, putting pressure on the dollar and Treasury yields.

NYSE American listed company Hyperscale Data announced that its Bitcoin treasury holdings have increased to 589.4502 BTC, with a total market value of approximately 41.4 million USD. Among this, its wholly-owned subsidiary Sentinum holds 548.5903 Bitcoins (including 440.2341 Bitcoins acquired on the open market and approximately 108.3562 Bitcoins obtained from its Bitcoin mining operations, as well as another subsidiary ACG, which has purchased 40.8994 BTC from the open market). Its goal is to reach a Bitcoin value of 100 million USD on its balance sheet.

Defiance Capital investor Kyle stated on social media that the stock market performance over the past four months shows that non-U.S. markets are in a structural bull market, while the U.S. market is experiencing significant volatility, facing currency depreciation and more than 20% bidirectional fluctuations in a non-bull market. Therefore, he decided to adjust his portfolio to 75% allocated to non-U.S. markets and 25% allocated to U.S. markets.

According to the official announcement, Bybit has launched ESP (Espresso) pre-market trading, with a maximum leverage of 10x. The trading start time is February 10, 2026, at 18:10 (UTC+8).

Wintermute stated that Bitcoin briefly fell to $60,000 last Monday, erasing all gains since Trump's election. Spot fund flows show significant structural pressure. The Coinbase premium has consistently been in a discount state throughout the market process, persisting since last December, indicating ongoing selling pressure from the U.S.Internal OTC fund flow data also confirms that U.S. counterparties were the main sellers throughout the week, and this trend has been further amplified by continuous ETF fund redemptions. Over the past few months, AI-related assets have been continuously absorbing available market funds, crowding out the allocation space for other asset classes. The phenomenon where crypto assets underperform when AI-related companies rise and experience amplified declines when they fall can almost entirely be explained by the rotation of funds towards the AI sector.For crypto assets to outperform again, AI trading needs to cool down first. Microsoft's weak earnings report has initiated this process, but it is still far from enough. Last week's market was like a "surrender-style" clearing, with volatility soaring and buying support emerging at $60,000. In an environment where spot trading remains relatively low, leverage has become the dominant factor in price fluctuations.If open interest cannot significantly rebound, it will be difficult for the market to form sustained follow-through on either the long or short side. A true structural recovery requires a return of spot demand, but there is currently almost no evidence of this. We are likely entering a phase of high volatility and choppy price discovery. It will be hard to see sustained upward potential until the Coinbase premium turns positive, ETF fund flows reverse, and basis rates stabilize. Meanwhile, retail attention is being diverted to other asset classes, and market direction seems increasingly dominated by institutional fund flows from ETFs and derivatives channels.