Overnight Crypto Highlights — Get the Market Focus in 1 Minute | 2/9

This article is machine translated
Show original

Alright — hold the line, take it slow.

1⃣ $BTC has held above $70k and is now consolidating. Market sentiment remains extremely weak, but if $70k can be firmly defended, a push higher becomes a real conversation.

2️⃣ $ETH is moving with big bro, hovering around $2,080. Some capital has already started to actively build long positions.

3️⃣ $SOL has broken below its descending trendline, with no strong signs of structural recovery. A light short position could be worth testing.

4⃣ Binance’s SAFU fund bought 3,600 BTC yesterday (≈ $250M), following its $100M dip-buy at the end of January.

Rescue or bargain hunting? Hard to say.

5️⃣ Li Lin confirmed he has not reduced his BTC or ETH positions in this cycle, is not an investor in LD or Garrett Jin, and that his family office Avenir Group remains the largest Asian holder of BlackRock’s IBIT.

That’s essentially a shot of confidence for the market.

6️⃣ $HYPE announced its move into prediction markets, pushing the token to a 3-month high, up 3.57% in 24 hours, leading the market against the trend.

In this downturn, HYPE has been one of the rare anti-fragile performers.

7️⃣ Vitalik Buterin’s address recently sold about 500 ETH. The market assumes this was routine donation or treasury management activity.

Limited impact — no need to worry.

8️⃣ Japan’s Nikkei 225 hit a new all-time high, surging 6% after Prime Minister Takayuki Koichi won the election.

9️⃣ Michael Saylor hinted at buying more Bitcoin:

“The orange dots matter.”

🔟 Jim Cramer claimed that President Trump bought Bitcoin for the U.S. strategic reserve during this week’s crash:

“I’ve heard he plans to fill the reserve when Bitcoin hits $60k.”

Remember — trading is always a mix of losses and wins.

What matters isn’t winning every time, but losing less when you’re wrong and making more when you’re right. That’s how you stay profitable overall.

Take it slow. Hold on.

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.
Like
55
Add to Favorites
12
Comments