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US spot bitcoin ETFs experienced a total daily net outflow of $1 billion, excluding flow data from Ark Invest’s ARKB. During their six-day streak of negative flows, these ETFs saw over $2 billion withdrawn from the products. Analysts suggested that the rebalancing of institutional investors’ positions in the ETFs might have contributed to the record-high outflows.
The sentiment in the crypto market plummeted to "Extreme Fear" following US President Donald Trump's announcement that 25% tariffs against Canada and Mexico are proceeding as planned.
Bitcoin traders are concerned about a return to the lower end of the BTC price range as market inertia allows bears to maintain control approaching the monthly close.
Bitcoin is finally exhibiting behaviour similar to stocks and gold, approaching near all-time highs as BTC price action resumes.
Bitcoin is mirroring gold's price growth path, increasing the likelihood of achieving price targets exceeding $300,000.
World Liberty Financial utilised its USDC reserves to acquire $1.4 million in MOVE and $5 million in wrapped BTC. Additionally, it staked 2,221 ETH with Lido Finance and deposited 5 million USDC into Aave’s lending protocol.
Markus Thielen from 10x Research perceives a "real possibility" of a lower CPI figure in the US on 12th February, which could go against consensus expectations and potentially spark a Bitcoin rally.
Quick Take Strategy has recommenced its bitcoin acquisitions, purchasing an additional 7,633 BTC for around $742.4 million at an average price of $97,255 per bitcoin. These recent acquisitions come after the sale of Strategy shares equivalent to the same value.
- 17:14Opinion: Easing Global Trade Tensions Propel Bitcoin Past $100,000After Trump announced a trade agreement with the UK, it is expected that trade tensions will ease, which pushed Bitcoin to break through the $100,000 mark for the first time since February this year. On Thursday, the largest digital asset rose by 3.4%, and most other major tokens also increased, with Ethereum surging by 12%. On January 20, the day of Trump's inauguration, Bitcoin's price rose to a record level of around $109,000. Trump stated that the full details of the agreement will still be negotiated in the coming weeks. However, under the agreement, the UK will expedite the customs process for American goods and reduce barriers to agricultural, chemical, energy, and industrial exports. This is the first agreement since Trump imposed high tariffs on dozens of American trade partners.
- 17:14ORDI Surpasses 8 USDMarket data shows that ORDI has surpassed $8, currently reported at $8.01, with a 24-hour increase of 19.2%. The market is highly volatile, so please ensure proper risk management.
- 16:34Backpack Exchange Upgrades SOL Asset Lending Service, Offering Up to 12.24% APY on SOL LoansAccording to official news, Backpack Exchange has announced an upgrade to its SOL asset lending service. Users can now lend SOL tokens to earn an annualized yield of up to 12.24%, integrating lending, staking, and perpetual contract collateral functions. This yield is not reliant on subsidies but is composed of real staking and lending returns. Users only need to deposit SOL and enable the Auto-lend feature to participate, with no additional actions required.