BTC: Summary of discussions in the CoinAnk Chinese discussion group (17:00:10 ~ 18:00:10)

[Analysis of Key Points] 1. The spot price of BTC is $70,488.51, and the contract price is $70,452.8, showing a 0.42% increase in the past hour and a 1.79% increase in the past four hours, indicating a moderate upward trend in the short term. [src: @CoinAnk Chinese Discussion Group, 2026-02-08 17:28:54/#2125226；ref: window] 2. The BTC funding rate is -0.0047%, indicating that the current cost of short positions is slightly higher than that of long positions, suggesting that the pressure on long positions is relatively light in the short term. [src: @CoinAnk Chinese Discussion Group, 2026-02-08 17:28:54/#2125226；ref: window] 3. The long/short position ratio is 1.7108, showing that the number of long positions is significantly greater than that of short positions, indicating an overall bullish market and a preference for long positions in terms of funding. [src: @CoinAnk Chinese Discussion Group, 2026-02-08 17:28:54/#2125226; ref: window] 4. The total trading volume across the network reached $54.292 billion in the past 24 hours, with total open interest at $38.576 billion. Open interest increased by 0.38% in the past hour and 1.32% in the past 24 hours, indicating continued market activity and capital inflows. [src: @CoinAnk Chinese Discussion Group, 2026-02-08 17:28:54/#2125226; ref: window] 5. BTC's market capitalization is $1,407.211 billion, accounting for 58.35% of the overall market. However, this market capitalization share has decreased by 0.58% compared to the previous period, suggesting a slight decline in BTC's market share relative to other assets. [src: @CoinAnk Chinese Discussion Group, 2026-02-08 17:28:54/#2125226; ref: window] 6. With a circulating supply of 20 million BTC, combined with the background of Layer-1 and RWA sectors, there may be speculative narratives related to the underlying blockchain and real assets. [src: @CoinAnk Chinese Discussion Group, 2026-02-08 17:28:54/#2125226; ref: window]