Damn… this drop really has no bottom.
1⃣ $BTC briefly fell below $72,000 overnight, marking the lowest level since early November 2024, and has since rebounded to around $73.4k.
Right now, the entire market is watching BTC. If it breaks the key trendline around $68k, things could truly get ugly with no clear floor in sight.
2️⃣ $ETH — even Yi Lihua has started selling ETH. Price briefly dipped below $2,100, now bouncing back to around $2,154.
3️⃣ $SOL is now cheaper than silver, falling to $91. Who would’ve thought? Crypto is increasingly starting to feel like a bad joke.
4⃣ Trend Research, under Yi Lihua, has lowered its liquidation price to $1,640. The fund still holds 463,000 ETH with an unrealized loss of $474 million.
At this point, it’s basically a forced hold. Reducing exposure at these levels is understandable.
5️⃣ The Crypto Fear Index has dropped to 12, deepening into the “Extreme Fear” zone.
Sentiment is now at its lowest level since 2025. Historically, this zone often signals a bottom forming — but in the short term, further downside is still possible.
6️⃣ U.S. Treasury Secretary Bessent clearly stated that the Treasury has no authority to use taxpayer funds to buy or bail out BTC.
7️⃣ Trump said that Warsh would’ve been “out long ago” if he had proposed rate hikes.
The market reads this as continued hope for rate cuts — though uncertainty remains high.
8️⃣ Base released a postmortem report on the January 31 transaction loss incident:
The issue stemmed from a transaction propagation configuration change that caused block builders to fetch duplicate transactions. The change has been rolled back and stability restored, with further transaction pipeline optimizations planned.
Remember: historically, every period of extreme fear has been a phase where bottoms are formed.
Even if prices dip further in the short term, don’t panic-sell everything.
A setback today may turn into a blessing tomorrow.
Do things well — and make sure you’re doing the right things.
