BTC: Summary of discussions in the CoinAnk Chinese discussion group (21:00:10 ~ 22:00:10)

[Extracting viewpoint materials] The spot price of BTC fluctuated around $69,100, with a slight decline of approximately -0.6% to -0.9% in the first hour and a slight increase of approximately 1.3% to 1.4% in the last four hours, indicating relatively mild price volatility in the short term. The funding rate remained negative at approximately -0.0057%, indicating low long positions and some short pressure in the market. Total open interest was approximately $38.2 billion, showing slight decreases in both the first and 24-hour periods, at approximately -0.7% to -0.9% and -0.3% to -0.5% respectively, indicating a reduction in overall open interest. The long/short ratio was approximately 1.7, indicating a significant increase in long positions compared to short positions, but with some contraction in fund flows. 24-hour trading volume remained between $116.8 billion and $116.9 billion, indicating stable market activity. BTC's market capitalization was approximately $1.38 trillion, representing about 58.7% of the total market capitalization, an increase of approximately 1.66% compared to the previous period, reflecting a strengthening of BTC's dominance in the overall market. The circulating supply remains at 20 million tokens, with the sector focusing on Layer-1 and RWA (Real Asset Tokenization), suggesting market interest in infrastructure and on-chain asset themes. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:32:23/#2122427; ref: window] The BTC long/short ratio has remained stable at around 1.7, indicating that bullish sentiment dominates the market. However, the negative funding rate suggests that short sellers have a cost advantage, indicating some market disagreement that could lead to short-term volatility. The continued slight decline in open interest may reflect some investors choosing to lock in profits or remain on the sidelines. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:34:48/#2122430; ref: window] BTC's market capitalization share continued to rise by 1.66%, indicating that BTC remains highly attractive in the Layer-1 and RWA sectors, and investors' recognition of it as a mainstream asset is increasing. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:32:23/#2122427; ref: window] 24-hour trading volume remained high, at approximately $116.8-116.9 billion, reflecting active market trading, ample liquidity, and numerous short-term buying and selling activities, supporting price volatility. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:34:48/#2122430; ref: window] BTC contract prices are largely in line with spot prices, with a slight discount, indicating a relatively stable contract market. Negative funding rates suggest a slight advantage for short sellers, potentially indicating an expectation of a short-term price correction. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:32:23/#2122427；ref: window] Both the 1-hour and 24-hour changes in open interest showed a slight decrease, possibly reflecting that some investors gradually reduced their positions after taking short-term profits, indicating a more cautious market sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:34:48/#2122430; ref: window] The circulating supply of BTC remains stable at 20 million, indicating a stable market supply with no significant new issuance or burning. There are currently no major changes in the circulating supply. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:32:23/#2122427; ref: window] The sector's focus on Layer-1 and RWA suggests that market speculation and capital are concentrating on the application scenarios of base chains and real-world asset on-chaining, solidifying BTC's position as an underlying asset. [src: @CoinAnk Chinese Discussion Group, 2026-02-07 21:34:48/#2122430; ref: window] [Summary of Key Clues] - The price of BTC fluctuated slightly in the short term, with a slight drop in the first hour and a slight increase in the last four hours. - Negative funding rates give short sellers a clear cost advantage. - The long/short position ratio remained stable at 1.7, indicating that there were more long positions than short positions. - Open interest decreased slightly in the short term, as investors tended to reduce their positions cautiously. - 24-hour trading volume remains high, indicating a vibrant market. - BTC's market capitalization share continues to grow, strengthening its market dominance. - Circulation is stable, with no new supply changes. - The market is focusing on the Layer-1 and RWA sectors, emphasizing infrastructure and the tokenization of real assets.