On February 10, 2026, the cryptocurrency market experienced a volatile trading session. Bitcoin fell 0.54% from the previous day, trading at $70,981.91; Ethereum rose 0.33%, reaching $2,131.98. Among major Altcoin, XRP (Ripple) and Bitcoin Cash saw gains, while BNB, Solana, Dogecoin, and Tron declined. As a result, the total market capitalization reached $2.41 trillion, with Bitcoin accounting for 58.78% and Ethereum accounting for 10.66%.
The 24-hour trading volume was confirmed at $116 billion, with active trading in major sectors including DeFi (+22.59%), stablecoins (+40.39%), and derivatives (+50.37%). Approximately $74.18 million in leveraged positions were liquidated, with 84.44% of these being short positions, indicating continued losses for investors betting on a market downturn. Bitcoin saw a particularly significant liquidation of $210.23 million in the past 24 hours, while Ethereum experienced $92.89 million in liquidations, indicating increased liquidation pressure on major cryptocurrencies.
In policy and technology-related developments, the transfer of $50.79 million worth of Ethereum from an anonymous wallet to Coinbase has garnered attention, raising concerns about a potential sell-off. On the same day, reports indicated a 73% probability of Coinbase's quarterly results exceeding expectations, boosting investor confidence. Meanwhile, a whale investor was observed to have suffered a $1.3 million loss in an Ethereum short position, highlighting the risks associated with leverage.
On-chain fund flows show that 741 bitcoins were transferred from Coinbase institutional wallets to anonymous wallets that day, and another 1,421 bitcoins were transferred between unknown addresses, leading to market speculation that internal custody or off-exchange transactions may have occurred. FTX founder SBF claims his case is politically motivated and compares it to the Trump case, stating he is lobbying for a pardon. Furthermore, cryptocurrency-related stocks rebounded collectively, indicating a possible recovery in investor sentiment.
