Overnight Crypto Highlights — Get the Market Focus in 1 Minute | 2/6

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Damn… a full-scale accelerated sell-off across the board.

1⃣ $BTC has completely lost control since breaking below $70k. It smashed through multiple key levels in rapid succession and is now hovering around $64k.
Short-term, the only support left is the $60k psychological level.

2️⃣ $ETH is sliding down smoothly — straight through $2,000, now dangerously close to Yi Lihua’s liquidation price.

3️⃣ $SOL has fallen below $70 for the first time since 2023. Capital is clearly exiting the ecosystem.
Former SOL whales have basically packed up and moved on — many are rotating into AI trades now.

4⃣ The Fear & Greed Index has plunged to 12.
Historically, this level often precedes a bottom — but for now, there’s still no sign of a reversal.

5️⃣ $HYPE is up 5% against the trend, showing a classic pattern of smaller drawdowns and faster rebounds on the chart.

6️⃣ Strategy reported a $12.4B net loss in Q4 2025.
Holdings: 713,500 BTC at an average cost of $76,052.
Management warned that if BTC drops to $8,000, debt servicing would become difficult.

7️⃣ Spot gold fell to $4,660/oz, down 2.51% on the day.
Spot silver collapsed 9.00%, now at $64.38/oz.

Gold and silver both crashing confirms this is a broad risk-off liquidation, not a simple rotation into safe havens.

8️⃣ Treasury Secretary Bessent stated:

“Unlike the Federal Reserve, I can’t print money out of thin air.”

9️⃣ Bitcoin has broken below its 50-week moving average.
Institutional models now project downside targets between $45,000 and $35,200.

Institutional reports always hedge both sides anyway — read them for entertainment, not conviction.

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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