
                                    <div>
                                      <h3>Market View</h3>
                                      <p>Bullish on BTC, current price is seen as valuable for investment</p>
                                      <h3>Trading Strategy</h3>
                                      <p>Averaged in at 61,000 and 62,000, sees buying BTC now as equivalent to investing in mining</p>
                                      <h3>Core Logic</h3>
                                      <p>Rebounded from 60k to 70k, extreme fear index, buying BTC at current levels avoids mining costs and payback period</p>
                                    </div>
                                    

从6万反弹到了7万
恐惧指数10
极度恐惧
我分别在61000和62000多抄底了2波
昨天晚上美股的资金买了点MSTR
会不会跌到4万3万不知道，但现在买60000多的BTC或许就相当于买了矿机挖比特币，而且不用等挖2年回本，也不用计算水电费之类、请员工之类，好像也不是太差？

Twitter

Bounced back from 60K to 70K.  
Fear Index at 10—Extreme Fear.  
I bought two dips at 61K and 62K.  
Saw some US stock money flow into MSTR last night.  
Will it crash to 40K or 30K? Nobody knows. But buying BTC at 60K+ now is almost like buying a mining rig—except you don’t have to wait 2 years to break even, worry about electricity bills, or hire staff. Doesn’t sound too bad, right?

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...