BTC: Summary of discussions in the CoinAnk Chinese discussion group (11:00:10 ~ 12:00:10)

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[Analysis Material Extraction] The spot price of BTC is $68,648.13, and the futures price is $68,603.9, indicating that the spot price is slightly higher than the futures price, reflecting that the short-term market pricing is basically consistent. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] The price of BTC has fallen by 0.64% in the past hour, but the 4-hour change is only -0.02%, indicating that there has been a slight adjustment in the short term, but the overall price is relatively stable. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] The funding rate is -0.0018%, indicating that longs are paying funding fees to shorts, suggesting that the market is slightly bearish in the short term or that bullish sentiment is cautious. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] The long/short position ratio is 1.8498, meaning that the number of long positions is nearly 1.85 times that of short positions, reflecting that there are significantly more long participants than short positions in the market. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] The total trading volume across the network reached 52.998 billion in the past 24 hours, indicating high trading activity and ample market liquidity. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] The total open interest across the network is $37.522 billion, and the open interest has decreased by 0.40% and 1.39% in the past hour and 24 hours respectively, indicating that some positions have been liquidated or withdrawn, and there has been some short-term capital outflow. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] BTC's market capitalization is $1,370.194 billion, accounting for 58.70% of the overall crypto market, a slight increase of 0.15%, indicating that BTC's dominant position in the market remains stable and has slightly strengthened. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] The circulating supply of BTC is 20 million, maintaining a stable supply with no obvious signs of issuance or burning. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window] This discussion focused on Layer-1 and RWA, suggesting that market attention may be concentrated on the base chain layer and real-world asset-related areas, indicating a certain degree of speculation regarding BTC's applications and ecosystem expansion. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 11:05:57/#2145202; ref: window]

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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