February 5, 2026 | A summary of the most noteworthy crypto news from the past 24 hours!

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1️⃣ BTC briefly dropped below $72,000 overnight, marking its lowest level since early November 2024 , before recovering to around $73,400 .

Currently, the entire market is focused on BTC. If the price breaks the crucial trendline around $68,000 , the situation could worsen significantly, and it will be very difficult to determine where the "Dip" is.

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2️⃣ $ETH — Even Yi Lihua started selling ETH. The price briefly broke below $2,100 , but has now rebounded to around $2,154 .

3️⃣ $ SOL is now cheaper than silver, falling to $91 . It sounds unbelievable, but crypto is increasingly making many people feel like a "bad joke."

4️⃣ Trend Research Fund (owned by Yi Lihua) has lowered its liquidation price to $1,640 . The fund still holds 463,000 ETH , with an unrealized loss of approximately $474 million .

At this point, it's almost like being "forced to hold." Reducing positions at the current price level would be understandable.

5️⃣ The Crypto Fear Index has fallen to 12 , stepping deep into the "Extreme Fear" zone.

Market sentiment is currently at its lowest level since 2025. Historically, this area often suggests a Dip -out process is forming — but in the short term, prices could still fall further.

6️⃣ US Treasury Secretary Bessent clarified: The Treasury Department does not have the authority to use taxpayers' money to buy or "rescue" BTC.

7️⃣ Trump argued that Warsh "had long been sidelined" if he proposed raising interest rates.

The market interpreted this as a signal that there is still hope for interest rate cuts , although the level of uncertainty remains very high.

8️⃣ Base releases summary report on transaction loss incident on January 31st :
The issue stemmed from a configuration change in the transaction propagation mechanism, causing Block builders to duplicate transactions . This change has been undone , the system has stabilized, and will continue to optimize the transaction processing pipeline.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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