February 6, 2026 | A summary of the most noteworthy crypto news from the past 24 hours!

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The market is accelerating its widespread decline .

1️⃣ $ BTC : Since breaking below $70,000 , BTC has fallen rapidly, breaking through several major support zones and is currently around $64,000 . The most notable remaining short-term support is the psychological level of $60,000 .

2️⃣ $ETH : Declined quite smoothly, breaking below $2,000 and approaching Yilihua's liquidation price .

3️⃣ $ SOL : Fell below $70 for the first time since 2023. Significant outflow of funds from the ecosystem; many who previously worked in SOL have left, moving into the AI ​​sector.

4️⃣ Fear & Greed Index : Dropped to 12. Historically, this area often appears near the Dip, but there are currently no clear reversal signals.

5️⃣ HYPE : Going against the market trend, up 5% . The price candle shows a " slight dip followed by a quick rebound " pattern.

6️⃣ Strategy : Reported a net loss of $12.4 billion in Q4/2025 , currently holding 713,500 BTC with an average Capital of $76,052 . Management stated that if BTC falls to $8,000 , debt repayment will become difficult.

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7️⃣ Gold and silver also fell:

  • Spot gold touched $4,660 per ounce , down 2.51% on the day.

  • Spot silver fell 9.00% to $64.38 per ounce.

The simultaneous decline in gold and silver prices indicates this is a market-wide risk-off sell-off , not a safe-haven flow of money.

8️⃣ Treasury Secretary Bessant said: “Unlike the Fed, I can’t ‘print money out of thin air’.”

9️⃣ Bitcoin breaks below its 50-week moving Medium . Some institutions are targeting a drop to $45,000–$35,200 .

Reports from organizations always have two sides — you should read them for reference, not as an absolute guide.

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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