๐ข Bitcoin back at $70,000 โ relief rally or just a pause?
BTC has reclaimed the $70K level as the market staged a solid evening recovery. Altcoins followed, with XRP jumping ~17%, rewarding those who bought the dip overnight. ๐
However, Santiment founder Maksim Balashevich argues that a true bullish signal for Bitcoin usually appears only when sentiment is at its worst. In his view, a potential liquidation of Michael Saylorโs position could become the final capitulation event that marks a market bottom.
The logic is simple: when the marketโs strongest symbol of conviction breaks, fear peaks โ and reversals often follow. A historical parallel is FTXโs collapse in 2022, after which BTC entered a long-term uptrend.
๐ His outlook:
โข Possible BTC rebound toward $92โ95K
โข Rally may be interrupted by another sell-off
โข A $250K BTC in 2026 is seen as unlikely ๐คท
BTC has reclaimed the $70K level as the market staged a solid evening recovery. Altcoins followed, with XRP jumping ~17%, rewarding those who bought the dip overnight. ๐
However, Santiment founder Maksim Balashevich argues that a true bullish signal for Bitcoin usually appears only when sentiment is at its worst. In his view, a potential liquidation of Michael Saylorโs position could become the final capitulation event that marks a market bottom.
The logic is simple: when the marketโs strongest symbol of conviction breaks, fear peaks โ and reversals often follow. A historical parallel is FTXโs collapse in 2022, after which BTC entered a long-term uptrend.
๐ His outlook:
โข Possible BTC rebound toward $92โ95K
โข Rally may be interrupted by another sell-off
โข A $250K BTC in 2026 is seen as unlikely ๐คท
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๐คฏ Bithumb glitch sends shockwaves across the market
Yesterday, Bithumb mistakenly credited hundreds of users with 2,000 BTC instead of 2,000 KRW (~$1.5). Some recipients reacted instantly and market-sold the coins, smashing the order book. ๐ต๐
As a result, BTC on Bithumb briefly traded ~10% below the global market price, creating a sharp local dislocation. ๐
โก๏ธ The exchange moved quickly: within 35 minutes, Bithumb restricted trading and withdrawals for 695 affected accounts. According to the exchange, 99.7% of the mistakenly distributed BTC has now been recovered.
In total, the error involved around 620,000 BTC (โ$44B) in mistaken credits, with only a tiny fraction remaining unresolved. ๐
Yesterday, Bithumb mistakenly credited hundreds of users with 2,000 BTC instead of 2,000 KRW (~$1.5). Some recipients reacted instantly and market-sold the coins, smashing the order book. ๐ต๐
As a result, BTC on Bithumb briefly traded ~10% below the global market price, creating a sharp local dislocation. ๐
โก๏ธ The exchange moved quickly: within 35 minutes, Bithumb restricted trading and withdrawals for 695 affected accounts. According to the exchange, 99.7% of the mistakenly distributed BTC has now been recovered.
In total, the error involved around 620,000 BTC (โ$44B) in mistaken credits, with only a tiny fraction remaining unresolved. ๐
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๐ฅ Bitcoin Mining Difficulty Drops 11.2%
๐Bitcoin mining difficulty has fallen by 11.2% โ the largest decline since the July 2021 crash, which followed Chinaโs mining ban.
Such a sharp adjustment suggests a significant share of miners went offline, likely due to reduced profitability, higher energy costs, or market pressure. For remaining miners, the drop temporarily improves conditions: less competition, faster block discovery, and potentially higher margins.
Historically, major difficulty declines often coincide with periods of miner capitulation and can signal a market reset โ though not necessarily an immediate trend reversal. ๐
๐Bitcoin mining difficulty has fallen by 11.2% โ the largest decline since the July 2021 crash, which followed Chinaโs mining ban.
Such a sharp adjustment suggests a significant share of miners went offline, likely due to reduced profitability, higher energy costs, or market pressure. For remaining miners, the drop temporarily improves conditions: less competition, faster block discovery, and potentially higher margins.
Historically, major difficulty declines often coincide with periods of miner capitulation and can signal a market reset โ though not necessarily an immediate trend reversal. ๐
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๐ฐ๐ท South Korea Tightens Crypto Market Oversight
๐ข South Koreaโs financial regulator has announced stricter supervision of the crypto market, focusing on price manipulation and exchangesโ responsibility for IT failures.
The move follows a major incident at Bithumb, where during a promo campaign the exchange mistakenly distributed 620,000 BTC (~$44B) to users. According to Bithumb, 99.7% of the funds were recovered. ๐ง
Regulators will now place exchanges under closer scrutiny, especially regarding system stability and internal controls. The goal is to reduce systemic risks and protect retail investors amid growing market volatility.
Key areas under special control:
โข Price manipulation by large holders (โwhalesโ)
โข Artificial token pumps with deposits/withdrawals frozen
โข Manipulation via API-based orders
โข Spreading fake information on social media
South Korea signals a tougher stance: fewer gray zones for exchanges, higher compliance costs, and stricter accountability for market abuse.
๐ข South Koreaโs financial regulator has announced stricter supervision of the crypto market, focusing on price manipulation and exchangesโ responsibility for IT failures.
The move follows a major incident at Bithumb, where during a promo campaign the exchange mistakenly distributed 620,000 BTC (~$44B) to users. According to Bithumb, 99.7% of the funds were recovered. ๐ง
Regulators will now place exchanges under closer scrutiny, especially regarding system stability and internal controls. The goal is to reduce systemic risks and protect retail investors amid growing market volatility.
Key areas under special control:
โข Price manipulation by large holders (โwhalesโ)
โข Artificial token pumps with deposits/withdrawals frozen
โข Manipulation via API-based orders
โข Spreading fake information on social media
South Korea signals a tougher stance: fewer gray zones for exchanges, higher compliance costs, and stricter accountability for market abuse.
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๐ป Why Bears Are Likely to Lose
Bernstein analysts argue that the bearish case for Bitcoin is now one of the weakest in history, with few strong arguments left to justify a prolonged decline.
Key factors:
โช๏ธ Big capital has entered the market.
Spot ETFs and clearer US regulation have attracted long-term institutional investors rather than short-term speculators.
โช๏ธ Miners are more resilient.
Their revenues are no longer tied solely to BTC, with added income from AI workloads, data centers, and energy contracts.
โช๏ธ Lower political risk.
Crypto is now part of the US policy agenda, and the market no longer prices in sudden bans.
Bernstein also reiterates a $150K BTC price target for this year. ๐ฅ
Bullish tailwinds:
๐น More companies are holding BTC as a reserve asset instead of USD
๐น Supply squeeze: very little free BTC left on exchanges
๐น Potential liquidity growth amid future Fed rate cuts
These arguments look convincing โ but bears donโt seem ready to give up yet, as BTC has slipped back below $70k ๐ง
Bernstein analysts argue that the bearish case for Bitcoin is now one of the weakest in history, with few strong arguments left to justify a prolonged decline.
Key factors:
โช๏ธ Big capital has entered the market.
Spot ETFs and clearer US regulation have attracted long-term institutional investors rather than short-term speculators.
โช๏ธ Miners are more resilient.
Their revenues are no longer tied solely to BTC, with added income from AI workloads, data centers, and energy contracts.
โช๏ธ Lower political risk.
Crypto is now part of the US policy agenda, and the market no longer prices in sudden bans.
Bernstein also reiterates a $150K BTC price target for this year. ๐ฅ
Bullish tailwinds:
๐น More companies are holding BTC as a reserve asset instead of USD
๐น Supply squeeze: very little free BTC left on exchanges
๐น Potential liquidity growth amid future Fed rate cuts
These arguments look convincing โ but bears donโt seem ready to give up yet, as BTC has slipped back below $70k ๐ง
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๐ฑ Strategy Buys More Bitcoin
Strategy has added 1,142 BTC to its balance sheet, spending $90 million at an average price of $78,815 per coin. ๐ต
As of February 8, 2026, the company holds 714,644 BTC, acquired for a total of $54.35 billion at an average price of $76,056 per BTC.
The purchase highlights Strategyโs continued commitment to Bitcoin accumulation, even at elevated price levels.
This time, however, the timing wasnโt perfect โ Strategy missed the chance to buy around $60,000 and rushed in closer to $78k ๐
Strategy has added 1,142 BTC to its balance sheet, spending $90 million at an average price of $78,815 per coin. ๐ต
As of February 8, 2026, the company holds 714,644 BTC, acquired for a total of $54.35 billion at an average price of $76,056 per BTC.
The purchase highlights Strategyโs continued commitment to Bitcoin accumulation, even at elevated price levels.
This time, however, the timing wasnโt perfect โ Strategy missed the chance to buy around $60,000 and rushed in closer to $78k ๐
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๐ Has Satoshi Nakamoto Awakened?
Two days ago, an unknown wallet sent 2.56 BTC (~$180,000) to an address associated with Bitcoinโs creator, Satoshi Nakamoto. Historically, transfers to this wallet were usually symbolic โ rarely exceeding $50. ๐ค
What makes this notable is the scale of Satoshiโs holdings: at current prices, theyโre estimated at around $75 billion. Against that backdrop, $180k is essentially pocket change.
The transfer has reignited speculation across the crypto community. Is this just another random donation, or could it hint at something more deliberate?
Is Satoshi quietly consolidating dust from multiple wallets โ or just reminding the market that heโs still watching? ๐
Two days ago, an unknown wallet sent 2.56 BTC (~$180,000) to an address associated with Bitcoinโs creator, Satoshi Nakamoto. Historically, transfers to this wallet were usually symbolic โ rarely exceeding $50. ๐ค
What makes this notable is the scale of Satoshiโs holdings: at current prices, theyโre estimated at around $75 billion. Against that backdrop, $180k is essentially pocket change.
The transfer has reignited speculation across the crypto community. Is this just another random donation, or could it hint at something more deliberate?
Is Satoshi quietly consolidating dust from multiple wallets โ or just reminding the market that heโs still watching? ๐
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๐ A Bullish Signal for BTC?
In a recent episode of Mad Money, Jim Cramer said that Bitcoin has โlost its luster.โ ๐ฅ
Given Cramerโs long-standing reputation as a contrarian indicator, the crypto community on X (Twitter) took the comment as a bullish sign rather than a bearish one.
Historically, Cramerโs negative calls have often coincided with market bottoms or the early stages of reversals โ which is why many traders are now jokingly labeling this as a potential BTC buy signal.๐๐ต
In a recent episode of Mad Money, Jim Cramer said that Bitcoin has โlost its luster.โ ๐ฅ
Given Cramerโs long-standing reputation as a contrarian indicator, the crypto community on X (Twitter) took the comment as a bullish sign rather than a bearish one.
Historically, Cramerโs negative calls have often coincided with market bottoms or the early stages of reversals โ which is why many traders are now jokingly labeling this as a potential BTC buy signal.๐๐ต
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๐ A New Hope for Crypto Bulls
Crypto analysts have found a fresh reason for optimism: Bitcoin has never closed both January and February in the red consecutively. ๐ค
This historical pattern is now being cited as a potential bullish signal, fueling expectations that BTC could push back above $80k before the end of the month. ๐
While such seasonality arguments are hardly a guarantee, they offer the market a simple narrative to lean on โ especially in times when sentiment needs even the smallest spark of hope. ๐ฅน
Crypto analysts have found a fresh reason for optimism: Bitcoin has never closed both January and February in the red consecutively. ๐ค
This historical pattern is now being cited as a potential bullish signal, fueling expectations that BTC could push back above $80k before the end of the month. ๐
While such seasonality arguments are hardly a guarantee, they offer the market a simple narrative to lean on โ especially in times when sentiment needs even the smallest spark of hope. ๐ฅน
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๐ Bitcoin Hashprice Hits $0.03 per TH
Bitcoinโs hashprice โ the revenue miners earn per terahash โ has dropped to around $0.03/TH, putting heavy pressure on mining profitability. ๐
As a result, the network adjusted mining difficulty down by 11%, marking the largest negative difficulty change since Chinaโs mining ban in 2021. ๐
Bitcoinโs hashprice โ the revenue miners earn per terahash โ has dropped to around $0.03/TH, putting heavy pressure on mining profitability. ๐
As a result, the network adjusted mining difficulty down by 11%, marking the largest negative difficulty change since Chinaโs mining ban in 2021. ๐
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Hyperliquid Quietly Overtakes Coinbase! ๐ฅ
The decentralized exchange Hyperliquid is quietly outperforming public giant Coinbase across key metrics. ๐น
Total trading volume on Hyperliquid has reached $2.6 trillion, compared to $1.4 trillion on Coinbase. Market performance also tells a contrasting story: HYPE is up 31% YTD, while Coinbase shares are down 27% over the same period. ๐
The data highlights a broader shift in market structure โ as traders increasingly favor high-performance DEXs, decentralized platforms are starting to rival and even surpass centralized exchanges on scale and efficiency. ๐ช
The decentralized exchange Hyperliquid is quietly outperforming public giant Coinbase across key metrics. ๐น
Total trading volume on Hyperliquid has reached $2.6 trillion, compared to $1.4 trillion on Coinbase. Market performance also tells a contrasting story: HYPE is up 31% YTD, while Coinbase shares are down 27% over the same period. ๐
The data highlights a broader shift in market structure โ as traders increasingly favor high-performance DEXs, decentralized platforms are starting to rival and even surpass centralized exchanges on scale and efficiency. ๐ช
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โ๏ธ Bitcoin Nears 20 Million Mined Coins
In roughly one month, Bitcoin will cross a major milestone: 20 million BTC mined out of the hard cap of 21 million. ๐
That means only 1 million BTC will remain to be mined โ a process that will stretch over the next ~120 years due to Bitcoinโs halving schedule and decreasing block rewards. ๐
This milestone highlights Bitcoinโs built-in scarcity and long-term supply shock. With most coins already in circulation and demand continuing to grow, the narrative of digital gold becomes even harder to ignore. ๐ค
In roughly one month, Bitcoin will cross a major milestone: 20 million BTC mined out of the hard cap of 21 million. ๐
That means only 1 million BTC will remain to be mined โ a process that will stretch over the next ~120 years due to Bitcoinโs halving schedule and decreasing block rewards. ๐
This milestone highlights Bitcoinโs built-in scarcity and long-term supply shock. With most coins already in circulation and demand continuing to grow, the narrative of digital gold becomes even harder to ignore. ๐ค
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โฐ๏ธ Bitcoin Has Been โDeclared Deadโ 463 Times
Since 2010, Bitcoin has been pronounced โdeadโ 463 times by critics and media headlines.
๐ต If you had invested just $100 in BTC after each of those obituaries, today that โdead Bitcoinโ portfolio would be worth around $73.5 million.
Moments of fear, doubt, and negative sentiment have repeatedly turned out to be long-term buying opportunities. And judging by the current mood, today might be one of those moments again โ maybe worth another $100 ๐
Since 2010, Bitcoin has been pronounced โdeadโ 463 times by critics and media headlines.
๐ต If you had invested just $100 in BTC after each of those obituaries, today that โdead Bitcoinโ portfolio would be worth around $73.5 million.
Moments of fear, doubt, and negative sentiment have repeatedly turned out to be long-term buying opportunities. And judging by the current mood, today might be one of those moments again โ maybe worth another $100 ๐
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๐ Glassnode: BTC Market Structure Echoes Early May 2022
๐ On-chain analytics firm Glassnode notes that Bitcoinโs current market structure โ particularly unrealized losses of ~16% of BTCโs market cap at ~$70K โ resembles conditions seen in early May 2022, around the time of the Terra-Luna collapse. ๐
That period was marked by rising selling pressure and broader downside momentum, and the similarity has sparked discussion among analysts about market sentiment and potential stress points. The metric reflects how many holders are in the red and can help gauge market pain versus past correction phases.๐ค๐ค
While this doesnโt guarantee a repeat of 2022โs larger downturn, it highlights the importance of on-chain indicators in understanding where BTC stands in the current cycle. ๐
๐ On-chain analytics firm Glassnode notes that Bitcoinโs current market structure โ particularly unrealized losses of ~16% of BTCโs market cap at ~$70K โ resembles conditions seen in early May 2022, around the time of the Terra-Luna collapse. ๐
That period was marked by rising selling pressure and broader downside momentum, and the similarity has sparked discussion among analysts about market sentiment and potential stress points. The metric reflects how many holders are in the red and can help gauge market pain versus past correction phases.๐ค๐ค
While this doesnโt guarantee a repeat of 2022โs larger downturn, it highlights the importance of on-chain indicators in understanding where BTC stands in the current cycle. ๐
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๐ Binance Controls 87% of Trump Family Stablecoin Supply
According to Forbes, Binance controls around 87% of the supply of the USD1 stablecoin, linked to the Trump family. Thatโs roughly $4.7B out of $5.4B in circulation โ an unprecedented level of concentration for a major stablecoin. ๐ต
This comes alongside several notable developments:
โข In October, Donald Trump pardoned Binance founder Changpeng Zhao.
โข The SEC dropped its case against Binance shortly after USD1 was listed.
โข Following the listing, Binance began actively promoting the USD1 stablecoin.
An interesting detail: Binance US holds only 1,119 USD1, suggesting that most of the liquidity and holders are located outside the United States. ๐ค
According to Forbes, Binance controls around 87% of the supply of the USD1 stablecoin, linked to the Trump family. Thatโs roughly $4.7B out of $5.4B in circulation โ an unprecedented level of concentration for a major stablecoin. ๐ต
This comes alongside several notable developments:
โข In October, Donald Trump pardoned Binance founder Changpeng Zhao.
โข The SEC dropped its case against Binance shortly after USD1 was listed.
โข Following the listing, Binance began actively promoting the USD1 stablecoin.
An interesting detail: Binance US holds only 1,119 USD1, suggesting that most of the liquidity and holders are located outside the United States. ๐ค
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๐ Whatโs Next: Bull Market or Bear Market?
After a second consecutive double-digit weekly decline, analysts at K33 Research expect Bitcoin to enter a period of stagnation between $60k and $75k. ๐
At the same time, they note a high probability that the market is approaching a bottom. Current on-chain and market metrics are hovering near levels last seen at major cycle lows in 2018, 2020, and 2022. ๐
In short, downside pressure remains, but historical data suggests BTC may be closer to exhaustion than to the start of a new deep sell-off. ๐ค
After a second consecutive double-digit weekly decline, analysts at K33 Research expect Bitcoin to enter a period of stagnation between $60k and $75k. ๐
At the same time, they note a high probability that the market is approaching a bottom. Current on-chain and market metrics are hovering near levels last seen at major cycle lows in 2018, 2020, and 2022. ๐
In short, downside pressure remains, but historical data suggests BTC may be closer to exhaustion than to the start of a new deep sell-off. ๐ค
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๐ US Banks Take a Hard Line on the Clarity Act
US banks have pushed a tough stance during White House discussions on the Clarity Act, insisting that stablecoins should not offer any yield. Their position aims to limit competition with traditional banking products and keep interest-bearing assets firmly under bank control. ๐คท
Against this backdrop, Bitcoin is being pressed toward the lower bound of its current range. A breakdown below this level could open the door to a return to February 5 price levels ๐ก
US banks have pushed a tough stance during White House discussions on the Clarity Act, insisting that stablecoins should not offer any yield. Their position aims to limit competition with traditional banking products and keep interest-bearing assets firmly under bank control. ๐คท
Against this backdrop, Bitcoin is being pressed toward the lower bound of its current range. A breakdown below this level could open the door to a return to February 5 price levels ๐ก
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๐ฆ Goldman Sachs Holds $2.3B in Crypto
According to the latest disclosures, Goldman Sachs now holds around $2.3 billion in crypto assets. ๐ฐ
Portfolio breakdown:
โช๏ธ BTC โ $1.1B
โช๏ธ ETH โ $1.0B
โช๏ธ XRP โ $153M
โช๏ธ SOL โ $108M
The numbers highlight how deeply traditional finance is already exposed to crypto โ not just Bitcoin and Ethereum, but also major altcoins.
The real question now isnโt if institutions are in crypto, but how much volatility theyโre willing to sit through when markets get rough ๐ค
According to the latest disclosures, Goldman Sachs now holds around $2.3 billion in crypto assets. ๐ฐ
Portfolio breakdown:
โช๏ธ BTC โ $1.1B
โช๏ธ ETH โ $1.0B
โช๏ธ XRP โ $153M
โช๏ธ SOL โ $108M
The numbers highlight how deeply traditional finance is already exposed to crypto โ not just Bitcoin and Ethereum, but also major altcoins.
The real question now isnโt if institutions are in crypto, but how much volatility theyโre willing to sit through when markets get rough ๐ค
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๐ญ SharpLink Makes $1M per Week on Ethereum Staking
SharpLink is earning around $1 million per week from Ethereum staking, proving that yield strategies can shine even in tough market conditions.
Over the past 7 days, the company added 552 ETH to its treasury as staking rewards. Since launching the program on June 2, 2025, total rewards have already reached 13,113 ETH. ๐ฐ
While prices may be under pressure, consistent staking income helps smooth out volatility. Turns out, a bear market feels a lot less painful when you prepared for it in advance. ๐ช
SharpLink is earning around $1 million per week from Ethereum staking, proving that yield strategies can shine even in tough market conditions.
Over the past 7 days, the company added 552 ETH to its treasury as staking rewards. Since launching the program on June 2, 2025, total rewards have already reached 13,113 ETH. ๐ฐ
While prices may be under pressure, consistent staking income helps smooth out volatility. Turns out, a bear market feels a lot less painful when you prepared for it in advance. ๐ช
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๐ค Van de Poppe: Final Stage of the Bear Market
๐ต๏ธโโ๏ธ Crypto analyst Michaรซl van de Poppe believes the crypto market peaked in December 2024 and is now going through the final phase of the bear market, with Bitcoin likely near its bottom.
Supporting this view, the Fear & Greed Index has dropped to levels last seen during COVID-19 panic and the Terra collapse. Historically, both periods were followed by strong Bitcoin rallies. ๐ง
In short, sentiment is deeply pessimistic โ and in crypto, that has often marked the moment when the market quietly prepares for its next major move up. ๐
๐ต๏ธโโ๏ธ Crypto analyst Michaรซl van de Poppe believes the crypto market peaked in December 2024 and is now going through the final phase of the bear market, with Bitcoin likely near its bottom.
Supporting this view, the Fear & Greed Index has dropped to levels last seen during COVID-19 panic and the Terra collapse. Historically, both periods were followed by strong Bitcoin rallies. ๐ง
In short, sentiment is deeply pessimistic โ and in crypto, that has often marked the moment when the market quietly prepares for its next major move up. ๐
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Binance has officially completed its $1 billion Bitcoin purchase program for the SAFU fund ๐ฐ
๐ธ As a result, the SAFU wallet now holds around 15,000 BTC, strengthening Binanceโs reserve backing and risk protection buffer.
However, despite such a large institutional buy, the market reaction has been muted. For now, this demand hasnโt been enough to help Bitcoin confidently reclaim and hold above the $70k level ๐
๐ธ As a result, the SAFU wallet now holds around 15,000 BTC, strengthening Binanceโs reserve backing and risk protection buffer.
However, despite such a large institutional buy, the market reaction has been muted. For now, this demand hasnโt been enough to help Bitcoin confidently reclaim and hold above the $70k level ๐
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