（来源：吴说） Messari 发布 BNB Chain 2025 年 Q4 报告称，BNB 年末市值达 1189 亿美元，同比增长 17.8%，位列第 三大加密资产；Q4 日均交易量环比增 30.4% 至 1730 万笔，日活地址升至 260 万。RWA 成为主要增长 引擎，链上规模达 20 亿美元，环比增 228%、同比增 555%，仅次于以太坊；稳定币市值环比增 9.2% 至 152 亿美元，DeFi TVL 为 66 亿美元，其中 PancakeSwap 占比 33.5%。 来源：市场资讯 ...

Core Insights - The article compares two prominent crypto-focused ETFs: Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale CoinDesk Crypto 5 ETF (GDLC), highlighting their differing cost structures, asset compositions, and liquidity profiles [2][3]. Cost Structure - FBTC has a lower expense ratio of 0.25%, while GDLC charges 0.59%, making FBTC the more affordable option [3][9]. - As of January 30, 2026, FBTC has an AUM of $16.08 billion compared to GDLC's $538.8 million, indicating FBTC's significantly larger scale [3][10]. Performance Metrics - Over a two-year period, FBTC experienced a max drawdown of 33.28%, while GDLC had a max drawdown of 36.94% [4]. - A $1,000 investment in FBTC would have grown to $1,961, whereas the same investment in GDLC would have grown to $2,794 over the same period [4]. Asset Composition - FBTC primarily offers direct exposure to Bitcoin, holding almost the entire portfolio in Bitcoin, with negligible allocations to other assets [5]. - GDLC, on the other hand, holds a diversified basket of five large-cap digital assets, with Bitcoin, Ethereum, and BNB making up 93.12% of its holdings [7][10]. Investor Considerations - Investors seeking direct Bitcoin exposure may prefer FBTC due to its lower fees and concentrated investment strategy [9]. - GDLC provides a more diversified approach, which may mitigate some volatility associated with Bitcoin, but it comes with a higher expense ratio [10].

Bitcoin has recovered from a low near $60,000 to now stand around $69,000, having effectively given back the gains it made after Donald Trump’s election in November 2024 this week. The cryptocurrency’s drop was accompanied by a broader market sell-off that saw the CoinDesk 20 (CD20) index lose more than 17% of its value in a week. While bitcoin dropped around 16.5% in the last 7-day period, other cryptocurrencies fared worse. Ether lost 22.4% of its value, BNB dropped 23.4%, and solana 25.2%. Shares of ...

2月5日，加密货币市场持续走低，比特币大跌超8%，自2024年11月6日以来首次跌破70000美元关口。 其他加密货币方面，以太坊、狗狗币跌超8%，SOL跌超7%，XRP跌超14%，BNB跌近10%。 | 币种/持仓量 | | 价格 | 24h变化 | | --- | --- | --- | --- | | BTC 00 | | 69390 | -8.84% | | $490.8亿 -4.2% | | | | | ETH | | 2062 | -8.03% | | $259.1亿 -3.3% | | | | | SOL | | | | | 100 | $62.6亿 -5.1% | 89.45 | -7.04% | | XRP | | | | | $26.5亿 +0.6% | | 1.362 | -14.4% | | HYPE | | | | | $14.6亿 -7.2% | | 31.98 | -5.06% | | BNB | | 676.8 | -9.84% | | $12.1亿 -3.7% | | | | | DOGE | | | | | $11.4亿 -1.9% | | 0.0984 | -8.25% ...

Market Overview - Bitcoin fell to a low of $63,295.74, marking its weakest level since October 2024, and was last down 12.6% at $63,525, indicating a significant one-day decline [1][12] - Approximately $1 billion in bitcoin positions were liquidated in the past 24 hours, reflecting heightened market volatility [1] - The global crypto market has lost $2 trillion in value since reaching a peak of $4.379 trillion in early October, with $800 billion wiped out in the last month alone [12][13] Institutional Sentiment - There has been a significant outflow from institutional ETFs, with U.S. spot bitcoin ETFs experiencing outflows of over $3 billion in January, following $2 billion and $7 billion in December and November respectively [8] - Analysts from Deutsche Bank noted that this steady selling indicates a growing pessimism among traditional investors towards cryptocurrencies [9] Broader Market Impact - The decline in cryptocurrencies is linked to a broader selloff in equities, with the S&P 500 and Nasdaq hitting lows not seen in weeks, driven by pressures in the tech sector and AI-related stocks [5][10] - The volatility in precious metals, particularly gold and silver, has also contributed to the negative sentiment in the crypto market [4][12] Regulatory and Economic Factors - The selection of Kevin Warsh as the next Federal Reserve chair has raised concerns about potential tightening of monetary policy, which could negatively impact cryptocurrencies that have thrived on liquidity [6][7] - Analysts express that a smaller Fed balance sheet may not provide favorable conditions for crypto assets, which have historically benefited from expansive monetary policy [7] Market Dynamics - The current market sentiment is described as being in "full capitulation mode," suggesting a transition from distribution to a reset phase that may take months to stabilize [5][12] - Concerns are emerging regarding crypto miners and the potential for forced liquidations if prices continue to decline, which could exacerbate market instability [11]

自去年10月触及历史峰值以来，比特币价格已累计暴跌超过48%，目前价格徘徊在2024年10月水平附 近，总市值更是从巅峰时期的2.48万亿美元大幅缩水至1.27万亿美元。这一剧烈波动不仅让投资者损失 惨重，也引发了市场对加密货币未来走势的广泛担忧。 CoinGlass数据显示，最近24小时内，加密货币市场共有超过43万人爆仓，爆仓总金额高达20.69亿美 元，折合人民币约144亿元。 | | 排名 | 币种 | 价格 | 价格(24h%) | 资金费率 | 24小时成交额 | 成交额(24h%) | | --- | --- | --- | --- | --- | --- | --- | --- | | 公 | 1 | B BTC | $63860.8 | -12.81% | 0.0043% | $1820.59亿 | +79.27% | | な | 2 | + ETH | $1867.6 | -13.10% | -0.0135% | $1257.60亿 | +31.02% | | ಳ | 3 | SOL | $79.38 | -14.05% | -0.0114% | $277.66亿 | +28.63% | ...

金融市场遭遇全面抛售。 北京时间2月6日凌晨，加密货币市场遭遇"崩盘式"暴跌，截至北京时间06:30，比特币日内暴跌超12%，以太坊跌幅超13%。CoinGlass数据显示，最近24小时，加密 货币市场共有超43万人爆仓。 与此同时，美股、贵金属市场亦全线重挫，现货白银一度暴跌超20%，现货黄金一度大跌超4%。美股三大指数均收跌超1%，纳指更是遭遇自去年4月以来最严重 的三日抛售。有分析指出，除了AI（人工智能）冲击波引发的担忧情绪，疲软的美国就业数据也令抛售潮蔓延至整个市场。 另外，国际油价也大幅下跌，WTI原油期货价格收跌2.84%，报63.29美元/桶；布伦特原油期货价格收跌2.75%，报67.55美元。 加密货币市场"崩盘式"下跌 周四美股交易时段，加密货币市场全线崩盘，比特币加速下挫至6.3万美元附近，截至北京时间06:30，日内跌幅扩大至12.81%，报63860.8美元/枚；以太坊日内暴跌 13.1%，XRP暴跌超22%，SOL、狗狗币暴跌超14%，BNB暴跌超12%。 | 衍生品 | | 和崇 | 分类 | 代币解锁总览 | | Memes | ETH | SOL BSC | Layer-1 ...

金融市场遭遇全面抛售。 北京时间2月6日凌晨，加密货币市场遭遇"崩盘式"暴跌，截至北京时间06：30，比特币日内暴跌超 12%，以太坊跌幅超13%。CoinGlass数据显示，最近24小时，加密货币市场共有超43万人爆仓。 与此同时，美股、贵金属市场亦全线重挫，现货白银一度暴跌超20%，现货黄金一度大跌超4%。美股 三大指数均收跌超1%，纳指更是遭遇自去年4月以来最严重的三日抛售。有分析指出，除了AI（人工智 能）冲击波引发的担忧情绪，疲软的美国就业数据也令抛售潮蔓延至整个市场。 另外，国际油价也大幅下跌，WTI原油期货价格收跌2.84%，报63.29美元/桶；布伦特原油期货价格收跌 2.75%，报67.55美元。 加密货币市场"崩盘式"下跌 周四美股交易时段，加密货币市场全线崩盘，比特币加速下挫至6.3万美元附近，截至北京时间06： 30，日内跌幅扩大至12.81%，报63860.8美元/枚；以太坊日内暴跌13.1%，XRP暴跌超22%，SOL、狗狗 币暴跌超14%，BNB暴跌超12%。 | 衍生品 | | 现货 | 分类 | 代币解锁总览 | | Memes | ETH | SOL BSC | Layer ...

Prominent digital asset treasuries (DATs), including Bitcoin behemoth Strategy (MSTR) and leading Ethereum firm BitMine Immersion Technologies (BMNR), are now well down on their crypto investments, according to data gathered by blockchain analytics firm Artemis.  The losses are growing among firms that are primarily focused on amassing cryptocurrency, with BMNR down around $8.4 billion on its Ethereum purchases as Strategy holds $9.2 billion in paper losses on its consistent Bitcoin buys. The unrealized lo ...

XRP was the worst-performing altcoin among the leading cryptocurrencies Thursday morning, showing a 15% drop over the last 24 hours as markets swing bearish and Bitcoin extends its losses. At the time of writing, XRP was trading for $1.30 after having dropped roughly 28% in the past week, according to crypto price aggregator CoinGecko. An earlier dip to $1.28 marked the lowest price for the Ripple-linked asset since November 2024, when XRP surged in the wake of President Trump's election win. It's also ...