The longer it ranges, the higher it will go.
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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...

Breaking News! The Year of China's RWA: A Compliant Channel Opens for Trillions of Yuan in Domestic Assets to Go Global

BitMEX co-founder Arthur Hayes wrote that the recent Bitcoin crash may stem from traders' concerns about IBIT (BlackRock) […]
The article, "Arthur Hayes Speculates on BTC Crash Cause: 'Institutional Hedging Operations': IBIT Options Explode $900 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes speculates that the reason for the BTC crash is "institutional hedging operations": IBIT options saw a surge of $900 million.

Unusual trading in BlackRock’s bitcoin ETF, iShares Bitcoin Trust (IBIT), has led traders to speculate that this week’s sharp Bitcoin drop may have been triggered by one or more Hong Kong–based hedge ...

Bitcoin Selloff Sparks Hedge Fund Speculation Around BlackRock ETF

Bc Lee top blasted billions n still failed miserably during a very favorable macro environment, n is now massive overhead on the asset.
If I'm big money in crypto, zero chance I'm looking at ETH over something like HYPE that can run w/o overhead (and I've never been a HYPE maxi)

We both trade charts
As a chart perspective, what do you think about last 5 years consolidation/ range between 2k 4k
Isn’t this same price action like gold and silver before they run up

I think the charts matter less in crypto since Saylor/Lee took over the top 2 assets, genuinely mean that. I've been trading the charts since 2017, had insane win streak in 2024, tripled perp account, only since those two went insane has crypto trading gone to shit.

I wish you the best ofc, no hate. Just my opinion on the assets.