[1/2] [Crypto/TradFi Merge Update] 2026-02-06 08:00 (Beijing Time) Important News 1. Crypto Market Plunge and Deleveraging Concentrates: Approximately $2.114 Billion in Liquidations Across the Network in 24 Hours Coinglass data shows that approximately $2.114 billion in liquidations occurred across the network in the past 24 hours ($1.842 billion in long positions and $272 million in short positions), affecting approximately 441,600 people; the largest single liquidation occurred on Binance BTCUSDT, approximately $12.02 million. Multiple reports simultaneously indicated that BTC, ETH, and SOL collectively plunged during the session, breaking through key psychological levels (BTC reached a low of approximately $62,345; ETH fell below $2,000 and dipped to approximately $1,824–$1,825; SOL fell below $80), and discussions arose regarding whale position liquidations and the risk of cascading liquidations. (Coinglass | BlockBeats | Odaily | The Block) 2. BlackRock's Spot Bitcoin ETF (IBIT) Sets Record for Single-Day Trading Volume of $10 Billion According to reports, IBIT's daily trading volume hit a new record of approximately $10 billion, occurring against the backdrop of a significant intraday drop in BTC, highlighting the concentrated trading demand and liquidity during periods of high volatility. (The Block | WatcherGuru) 3. Strategy (formerly MicroStrategy) Discloses Results and BTC Holdings: 713,502 BTC, Average Price $76,052 The company disclosed that as of February 1, 2026, it held 713,502 BTC, with a total cost of approximately $54.26 billion and an average price of $76,052. Under fair value accounting, it recognized an unrealized loss of approximately $17.4 billion in digital assets in Q4 2025 and recorded a substantial quarterly net loss. Management stated that a drop in BTC below the average cost would not trigger the contract, and warned that "in the worst-case scenario, BTC reaching $8,000 would make debt repayment difficult." (Strategy | CoinDesk | The Block) 4. Tether Investments Expands Investment: $100 Million in Anchorage Digital, $150 Million Stake Gold.com Tether Investments announced a $100 million strategic equity investment in Anchorage Digital; and a $150 million investment Gold.com acquiring approximately 12% equity, aiming to promote the integration of the gold token XAU₮, and explore the use of USD₮/USA₮ to purchase physical gold, subject to regulatory and technical conditions. (Tether | The Block) 5. Bitwise Submits S-1 Registration Statement for Bitwise Uniswap ETF to SEC Bitwise has submitted an S-1 registration statement for an ETF themed around Uniswap (UNI), marking the entry of the product into a more clearly defined compliance filing process. (The Block | BWEnews) 6. Signs of Progress in US Crypto Legislation Grow: Senate Considers Reopening Market Structure Bill, Treasury Secretary Pressures Authorities Senator Mark Warner described himself as being in "crypto hell" and stated that the Senate is working to reopen the stalled crypto market structure bill; meanwhile, US Treasury Secretary Bessenter called for the advancement of the Clarity Act and criticized "crypto nihilists" who resist market structure legislation. (The Block | CoinDesk | Decrypt) 7. Gemini Shrinks Overseas Operations: Exits UK/EU/Australia and Lays Off Approximately 25% of Staff Gemini is reportedly exiting the UK, EU, and Australian markets and laying off approximately 25% of its staff, shifting its focus to the US and prediction markets. Some affected customers have been instructed to complete account migrations by the end of March for withdrawals, and deposits and new account openings have been suspended. (CoinDesk | Decrypt) 8. Russian Bank Launches BTC Mortgage Loans to the Public CoinDesk reports that Sovcombank claims to be the first Russian bank to offer Bitcoin mortgage loans to the public; its larger peer, Sberbank, has also conducted similar offerings but remains in the pilot phase. (CoinDesk) Market Analysis 1. Sentiment and Technical Extremes: Fear and Greed 12. BTC RSI 17, Market Focuses on 200-Day Moving Average