Core Viewpoint - Bitcoin has reached its lowest point since Trump's return to the White House, erasing gains accumulated since his election, with a decline of over 40% since its peak in October 2025 [1] Group 1: Market Performance - Bitcoin dropped below $73,000, falling over $6,000 from its earlier high of $79,100, marking an 8% decline and hitting a low not seen since early November 2024 [1] - Ethereum, the second-largest cryptocurrency, experienced a sharper decline, falling below $2,110, a drop of over 10% from its earlier high of $2,350 [3] - Since the beginning of 2026, Bitcoin has accumulated a decline of over 15%, with market sentiment towards cryptocurrencies reaching a low point [5] Group 2: Market Dynamics - The recent drop in Bitcoin's price has been exacerbated by leveraged liquidations, with many traders attempting to buy the dip, leading to significant pressure on prices [6] - Following a major sell-off in October 2025, the cryptocurrency market has faced ongoing downward pressure, with a total of $19 billion in leveraged token bets wiped out [6] - While institutional holders remain steadfast, retail participation has decreased as major long-term Bitcoin holders have sold off billions in assets [6] Group 3: Altcoin Performance - Altcoins have significantly underperformed compared to Bitcoin and Ethereum, with the MarketVector Digital Assets 100 Small-Cap Index dropping nearly 70% over the past year [7] - The approval of exchange-traded products for Bitcoin and Ethereum has not translated into similar performance for other cryptocurrencies, which have seen substantial outflows [7] Group 4: Market Outlook - The cryptocurrency market has been in a comprehensive winter since January 2025, akin to previous bear markets in 2018 and 2022 [7] - The current bear market may be nearing its end, with historical down cycles lasting about 13 months, suggesting a potential bottoming out in the coming weeks [7]

Arthur Hayes(@CryptoHayes) sold $PENDLE, $ENA, and $LDO, then bought $HYPE.Over the past 24 hours, he bought 57,881 $HYPE($1.91M) and now holds 131,807 $HYPE($4.33M).https://t.co/BVqcbjK3YEhttps://t.co/F1aKdqwgqN https://t.co/tKhZvsflGkLookonchain (@lookonchain):Arthur Hayes(@CryptoHayes) continues to dump his holdings!He just deposited 327,869 $PENDLE($502K) and 3.6M $ENA($499K) into #FalconX.https://t.co/9E1glKbAZF https://t.co/1lUU0P2ghJ ...

市场风险偏好有所下降！ 北京时间2月4日凌晨，美股三大指数集体下跌，纳指跌幅超过1%。科技股全线下挫，美光科技跌超4%，英伟达、微 软跌近3%。 投机属性更强的加密货币市场也再度跳水。比特币盘中一度暴跌7%并跌破7.3万美元。截至发稿，比特币、以太坊跌 近4%，Solana跌超5%。coinglass数据显示，刚刚过去的24小时内，加密货币全网合约爆仓超7亿美元，爆仓人数高 达16.98万人。 周二，美股三大指数集体跳水，纳指盘中跌幅一度超过2%，标普500指数一度跌超1.6%，道指跌幅也一度超过1%。 截至收盘，纳指跌1.43%，标普500指数跌0.83%，道指跌0.34%。 美国大型科技股多数下跌，万得美国科技七巨头指数跌幅达1.62%。个股方面，英伟达、微软跌近3%，脸书跌超 2%，亚马逊跌近2%，谷歌跌超1%，苹果跌0.2%，特斯拉微涨0.04%。其他个股方面，美光科技跌超4%，甲骨文、高 通跌超3%。此外，软件股延续跌势，ServiceNow跌7%，Salesforce跌6.85%。 英伟达CEO黄仁勋周二否认了与OpenAI交易生变的传闻。他在接受媒体采访时明确表示，公司投资OpenAI的计划仍 ...

It seems that Tom Lee(@fundstrat)'s #Bitmine just bought another 20,000 $ETH($46.04M) from #FalconX.https://t.co/89qR9LwEWm https://t.co/a1lC6XFJds ...

Core Insights - Arthur Hayes, co-founder of BitMEX, is transferring his crypto holdings to the brokerage platform FalconX despite short-term market gains, indicating a strategic move rather than a reaction to market conditions [1][3] - The transfers involve assets acquired at higher prices being moved at lower market prices, suggesting potential losses on these transactions [1][2][3] Group 1: Transfer Details - Hayes transferred 327,869 PENDLE tokens valued at approximately $502,000 to FalconX at an average price of $1.53, having previously acquired around 1.4 million PENDLE at a higher price of $2.06 [1] - Additionally, 3.59 million ENA tokens were sent to FalconX, valued near $499,340 at a price of $0.14, following an earlier purchase of about 15.8 million ENA at roughly $0.23 per token [2] - Earlier, Hayes deposited 2.31 million LDO tokens to FalconX, worth around $980,000 at the time of transfer, with LDO trading near $0.42, below his average buy price of $0.56 [3] Group 2: Market Context - The total crypto market cap rose by 2.5% to $2.64 trillion, with Bitcoin dominance at 59.43% and a decline in the Altcoin Season Index from 32 to 29, indicating a capital rotation towards Bitcoin [5] - Bitcoin is trading approximately 83% above its prior cycle high, while the TOTAL3 index, tracking altcoins excluding BTC and ETH, is only around 6% above its own cycle high [6] - Market observers express skepticism about the potential for a broad altcoin rally, although some believe a significant altcoin rotation may be on the horizon [7]

🚨 JUST IN: ARTHUR HAYES CONTINUES DUMPING HIS CRYPTO HOLDINGSArthur Hayes (@CryptoHayes) continues to dump his holdings, per @Lookonchain.He deposited 327,869 $PENDLE worth $502K and 3.6M $ENA worth $499K into FalconX.Earlier, Hayes also moved 2.31M $LDO valued at $980K to FalconX ...

Arthur Hayes(@CryptoHayes) continues to dump his holdings!He just deposited 327,869 $PENDLE($502K) and 3.6M $ENA($499K) into #FalconX.https://t.co/9E1glKbAZF https://t.co/1lUU0P2ghJLookonchain (@lookonchain):Arthur Hayes(@CryptoHayes) deposited 2.31M $LDO($980K) to #FalconX 40 mins ago.https://t.co/loeYKUb9rN https://t.co/fsGO16xqWv ...

It’s all over folks … 😝😝😝😝😝😝Maybe … maybe notLookonchain (@lookonchain):Arthur Hayes(@CryptoHayes) deposited 2.31M $LDO($980K) to #FalconX 40 mins ago.https://t.co/loeYKUb9rN https://t.co/fsGO16xqWv ...

🚨 🚨 🚨 20,000 #ETH (56,452,727 USD) transferred from #FalconX to unknown wallethttps://t.co/XcnWOfBEV9 ...

Bitcoin's (BTC) fast tumble back to $84,000 during U.S. morning hours Thursday came alongside equally speedy declines in stocks and precious metals. But while stocks, gold and silver have since bounced off their worst levels, crypto remains near its session lows, with BTC, ether (ETH), XRP (XRP), and solana (SOL) all down 5%-7% over the last 24 hours. "Everything from weak earnings results to worries around Iran and government shutdown are causing a broad-based selloff," said Joshua Lim, global co-head ...