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3 Feb 2026, 17:00
Is altseason finally brewing? Only if THESE 2 indicators flip first

ETH weakness and a 39 altseason index slow the narrative.
3 Feb 2026, 17:00
Bitcoin Price May Slide To $58,000, Galaxy Digital Warns

Galaxy Digital is warning that the Bitcoin selloff may not be finished, arguing that on-chain data, weakening technical levels, and a thin catalyst calendar leave BTC vulnerable to a deeper retracement toward the high-$50,000s over the coming weeks or months. In a client note dated Feb. 1, 2026, Galaxy researcher Alex Thorn framed last week’s drawdown as more than a brief shakeout. Bitcoin fell 15% from Monday, Jan. 28 through Saturday, Jan. 31, with the move accelerating into the weekend. Saturday alone saw a 10% slide that, according to the note, triggered one of the largest liquidation events on record, wiping out more than $2 billion in long positions across futures venues. Why The Next Weeks, Months Look Bearish For Bitcoin The selloff pushed BTC as low as $75,644 on Coinbase and briefly drove the spot price below several widely watched investor cost bases. Thorn noted that BTC dipped as much as 10% beneath the average cost basis of US spot ETFs , estimated around $84,000 based on the prices at which creations occurred, before recovering some ground. At one point, BTC also pierced Strategy’s average cost basis of $76,037, and nearly revisited the 1-year low of $74,420 set during the April 2025 “Tariff Tantrum.” At the time of writing, Thorn pegged Bitcoin at roughly 38% below its Oct. 6, 2025 all-time high of $126,296. Historically, he argued, that magnitude matters: with the exception of 2017, the asset has not typically stopped at a 40% drawdown from peak without extending toward 50% within three months. A 50% decline from the October high would imply a move toward roughly $63,000. Thorn’s central roadmap was defined by two long-term reference points that have repeatedly acted as “gravity” in prior cycles after key supports failed. Bitcoin lost its 50-week moving average in November 2025, and the note argued that, in previous bull markets, losing that level often preceded a deeper mean reversion to the 200-week moving average which currently sits around the $58,000 price mark. Meanwhile, realized price, an on-chain proxy for the average cost basis of coins based on their last movement, is around $56,000. Both metrics rise over time if BTC trades above them. The note pointed to ETF positioning as an additional stress test. US spot Bitcoin ETFs, launched in January 2024, had amassed $54 billion in net inflows as of the week ending Jan. 30, 2026, down from a peak of $62.2 billion in early October 2025. Thorn highlighted that the prior two weeks were the second- and third-worst for ETF flows, with combined outflows of $2.8 billion, even as ETF holders largely remained in place through the broader drawdown. On-chain distribution data also suggested to Galaxy that the $82,000–$70,000 region could be lightly defended, increasing the odds of a downward probe. Thorn described a noticeable ownership “gap” in that band, and argued that price often seeks out zones where demand has previously been established, particularly after sharp deleveraging events. Thorn also flagged a deteriorating narrative backdrop. “Catalysts remain hard to find. Narratives are working against Bitcoin. There’s little evidence of significant accumulation,” he wrote, adding that BTC’s recent failure to track gold and silver amid macro uncertainty has undercut the “debasement hedge” framing. Even so, the note stopped short of calling a clean break into the $50,000s inevitable. Thorn emphasized that long-term holder profit-taking, described as exceptionally heavy in 2024 and 2025, has begun to abate, a condition that has historically coincided with late-stage selloffs. For traders, Galaxy’s framing sets up a tactical question: whether the current ETF cost basis area near $84,000 can hold as a near-term anchor, or whether the supply gap below turns into a vacuum that pulls BTC toward the $70,000 handle. If that gives way, the more consequential test is whether realized price and the 200-week moving average in the high $50,000s again function as the kind of cycle-defined floor Galaxy believes long-term investors have historically treated as an entry zone. At press time, Bitcoin traded at $78,301.
3 Feb 2026, 17:00
Bitcoin MVRV Indicator Reveals Stunning Cooldown: Market Overheating Resolves as Price Converges Toward Fair Value

BitcoinWorld Bitcoin MVRV Indicator Reveals Stunning Cooldown: Market Overheating Resolves as Price Converges Toward Fair Value Bitcoin’s Market Value to Realized Value (MVRV) indicator has plunged to its most significant low since October 2022, according to fresh analysis from Glassnode. This crucial metric suggests the cryptocurrency market’s recent overheating phase is resolving. Consequently, Bitcoin’s price appears to be converging toward its fair value. The development marks a pivotal moment for investors and analysts monitoring blockchain economics. Bitcoin MVRV Indicator Signals Market Normalization Glassnode analyst Chris Beamish recently shared critical observations on social media platform X. He noted Bitcoin’s MVRV-Z score reached its lowest point since October 2022. This level previously corresponded with Bitcoin trading around $29,000. The MVRV indicator compares Bitcoin’s market capitalization to its realized capitalization. Essentially, it measures whether the asset trades above or below its “fair value.” Historically, extreme MVRV values indicate market tops or bottoms. For instance, the metric spiked during previous bull runs. Beamish’s analysis suggests the current decline shows market overheating is resolving. Therefore, Bitcoin’s price movement reflects healthier market conditions. The convergence toward fair value typically precedes more sustainable growth phases. Understanding the MVRV Metric’s Significance The Market Value to Realized Value ratio serves as a fundamental blockchain analytics tool. Market value represents Bitcoin’s current price multiplied by circulating supply. Realized value calculates the value of all Bitcoin at their acquisition price. This approach provides a more accurate picture of investor cost basis. When MVRV exceeds 1, Bitcoin trades above its average purchase price. Conversely, values below 1 suggest widespread unrealized losses. The MVRV-Z score further refines this analysis by measuring standard deviations from mean values. Glassnode’s data shows the current reading resembles October 2022 conditions. That period preceded Bitcoin’s recovery from significant market stress. Analysts consider this metric particularly reliable for identifying market extremes. Historical Context and Market Cycles Bitcoin’s market cycles consistently demonstrate MVRV pattern correlations. During the 2021 bull market peak, the MVRV ratio exceeded 3.5. This indicated severe market overheating. The subsequent correction brought the ratio below 1 during the 2022 bear market. Current readings suggest moderation between these extremes. Previous similar readings often preceded consolidation periods. The cryptocurrency market experienced substantial volatility throughout 2023 and 2024. Regulatory developments and macroeconomic factors influenced investor sentiment. Institutional adoption continued expanding during this period. However, retail investor participation fluctuated significantly. The MVRV indicator’s current trajectory suggests these forces are balancing. Comparative Analysis with Traditional Metrics Blockchain analytics offer unique advantages over traditional financial metrics. Unlike stock market indicators, MVRV derives from transparent, immutable blockchain data. This provides objective insights into investor behavior. The metric’s construction prevents manipulation through false reporting. Several complementary indicators support MVRV’s current reading. Network Value to Transactions (NVT) Ratio: Shows improved transaction volume relative to market cap Realized Cap HODL Waves: Indicates increased long-term holder accumulation Exchange Net Flow: Demonstrates reduced selling pressure from exchanges Active Addresses: Reflects sustained network participation despite price changes These metrics collectively paint a comprehensive market picture. They suggest underlying network health persists despite price volatility. Furthermore, institutional custody solutions continue attracting capital. This structural development supports long-term valuation stability. Expert Perspectives on Market Implications Financial analysts interpret MVRV movements through multiple frameworks. Some emphasize mean reversion tendencies in asset pricing. Others focus on psychological factors influencing investor decisions. The current reading suggests reduced speculative excess. This environment typically favors fundamental analysis over momentum trading. Market structure evolution also impacts metric interpretation. Bitcoin exchange-traded funds introduced new investor categories. Their holding patterns differ from traditional cryptocurrency participants. Consequently, metric baselines may require gradual adjustment. However, the core relationship between price and realized value remains valid. Global Economic Context and Cryptocurrency Macroeconomic conditions significantly influence cryptocurrency valuations. Central bank policies affect liquidity across financial markets. Geopolitical developments impact risk asset appetites. The current MVRV reading coincides with several global economic transitions. Inflation moderation efforts continue in major economies. Technological innovation accelerates across blockchain applications. Bitcoin’s evolving role as digital gold affects its valuation dynamics. Institutional adoption creates new demand sources. Regulatory clarity improves in multiple jurisdictions. These developments contribute to more mature market behavior. The MVRV indicator’s moderation reflects this maturation process. Sustainable growth typically follows such normalization periods. Conclusion Bitcoin’s MVRV indicator reaching its lowest level since October 2022 signals important market development. The metric suggests previous overheating concerns are resolving. Consequently, Bitcoin’s price appears to be converging toward its fair value. This normalization phase typically precedes healthier market advances. Glassnode’s analysis provides valuable insights for investors navigating cryptocurrency volatility. The MVRV indicator remains a crucial tool for understanding blockchain market dynamics. FAQs Q1: What exactly is the Bitcoin MVRV indicator? The Market Value to Realized Value (MVRV) ratio compares Bitcoin’s current market capitalization to the aggregate value of all Bitcoin at their purchase prices. This metric helps determine whether Bitcoin trades above or below its perceived “fair value” based on investor cost basis. Q2: Why is the current MVRV reading significant? The indicator has reached its lowest level since October 2022, suggesting reduced market overheating. Similar readings historically preceded periods of price consolidation and sustainable growth, making this development noteworthy for market analysts. Q3: How does the MVRV-Z score differ from the standard MVRV ratio? The MVRV-Z score measures how many standard deviations the current MVRV ratio is from its historical mean. This statistical refinement helps identify extreme market conditions more precisely than the basic ratio alone. Q4: What does “market overheating” mean in cryptocurrency context? Market overheating occurs when asset prices rise rapidly beyond fundamental valuations, often driven by excessive speculation rather than organic growth factors. This typically creates unsustainable conditions that eventually correct through price declines or consolidation periods. Q5: How reliable is the MVRV indicator for predicting Bitcoin price movements? While no indicator guarantees future price movements, MVRV has demonstrated strong historical correlation with market cycle extremes. It works best as part of a comprehensive analytical framework that includes multiple metrics and fundamental factors. This post Bitcoin MVRV Indicator Reveals Stunning Cooldown: Market Overheating Resolves as Price Converges Toward Fair Value first appeared on BitcoinWorld .
3 Feb 2026, 17:00
Is $500 a Good Crypto Investment? Investors Prefer This New Crypto Protocol Over Cardano

The question of where to keep a simple investment of $500 is usually a beginning point of many individuals who seek best crypto opportunities. On this level, the aim is usually to balance security and any possible meaningful development. Although the market has already established personalities, a large number of market players are starting to consider beyond the top ten cryptocurrencies. There is a shift in that capital is flowing to new cheap altcoins that have a lower cost of entry and are more price elastic. Whether it is a coin or a protocol, as we enter early 2026, the question is no longer what coin is most famous, but what protocol can increase its valuation based on a small starting point. Cardano (ADA) ADA (Cardano) has still been a part of the top cryptocurrency family, with its research-based strategy and consistent development. At present, the price of ADA is about $0.30 and its market capitalization is about $20.7 billion. Although it has a highly loyal following, the asset has gone through a lot of challenges trying to gain momentum back. The high rate of circulation supply implies that huge masses of new funds are needed to shift the price tremendously. The heavy resistance that Cardano is experiencing is in the $0.40 to $0.55 zone. These levels have always been held back by sellers so that they have not broken out to reach the $1.00 mark. Other analysts have come out with a low price estimation at the close of 2026 with a low price growth of 1.2x to 1.5x. Mutuum Finance (MUTM) Mutuum Finance (MUTM) is gaining attention as a high-utility alternative to older, slow-moving crypto assets. It is a decentralized lending and borrowing protocol built on Ethereum and designed to operate in a fully non-custodial way. The protocol is structured around two lending models. The core model is Peer-to-Contract (P2C), where users supply assets into shared liquidity pools to earn yield. Interest rates are variable and depend on pool usage. For example, if a user deposits 1,000 USDT into a pool offering a 6–10% APY range, their mtUSDT balance increases automatically as borrowers pay interest. Mutuum also plans to support a Peer-to-Peer (P2P) model for custom lending agreements, allowing users to negotiate terms directly for assets that may not fit standard pools. Together, this setup is designed to give users flexible ways to earn yield or borrow against crypto while keeping full control of their funds. This project has just made an important technical breakthrough. As it was announced on X , the Sepolia testnet now supports the V1 protocol . This action is an indication that the technical engine is viable, where liquidity pools are live and risk management is automated. Mutuum Finance (MUTM) has proved that it is institutionally grade ready by successfully passing a full security audit by Halborn. This practical wellness is the reason why it is being followed by many as a leading DeFi crypto in the year 2026. MUTM Dynamics and Growth Targets The involvement in the Mutuum Finance ecosystem is now regulated by the organized phase of distribution. The project has already received over $20.25 million USD and more than 19,000 individual holders. This broad base guarantees decentralization of protocol. The token is at Phase 7, with the value being a mere $0.04. This price reflects an increase of 3x of its starting price of $0.01 in early Q1 2025. The project has established an official price of takeoff at $0.06 which provides the existing players with a definite value growth. The future of MUTM is very promising as analysts believe that the price could hit up to $0.30 and even $0.45 at the end of 2026. This forecast is founded on the capability of the protocol to cut into the multi-billion dollar crypto market. $500 Scenario: MUTM vs. ADA The difference in the potential upside can be seen when it comes to a $500 crypto investment. An ADA investment of $500 at $0.30 will purchase approximately 1,500 ADA. Assuming that ADA can realize the optimistic goal of $0.50, that investment would increase to $750. The growth is not yet high, but the already huge multi-billion dollar market cap of Cardano limits it. Conversely, 12,500 MUTM tokens are acquired with a current price of $0.04 by investing $500 in Mutuum Finance. The same investment at the established price of $0.06 would be worth $750 before even the launch price. Assuming that the protocol hit the analyst target of $0.30, then 12,500 tokens are worth $3,750. This analogy explains why this new crypto gem is becoming more and more popular among investors. The time to buy Phase 7 is limited given its fast selling out as the protocol approaches its mainnet launch. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance
3 Feb 2026, 16:58
The Official DOGE Account Just Dropped the Most Epic Response to Musk's Moon Tease

The crypto space buzzed this week after Elon Musk reignited one of his oldest promises. A short exchange on X has sent waves through the Dogecoin community. The Tesla and SpaceX chief confirmed that putting Dogecoin on the moon remains firmly on the table. As previously reported, the Tesla Owners Silicon Valley account pulled up a 2021 tweet from Musk. That original post teased the idea of SpaceX sending a physical Dogecoin to the moon. The account tagged Musk directly, asking, ”When?” His reply was measured but clear. He wrote, ”Maybe next year.” The X Exchange That Reignited the Meme Coin Rally The official Dogecoin account on X was quick to respond. It posted ”Such Rocket” alongside an image of a Shiba Inu displaying a look of surprise. The tone was playful. The message, however, carried real significance for the community. Despite the optimism generated by Musk's comments, Dogecoin's price tells a more cautious story. The token hit a low of $0.094 on January 31. That drop came during a sharp weekend sell-off across the broader crypto market. Billions of dollars were wiped from derivatives positions during the same period. It was a brutal stretch for meme coins in particular. A modest recovery followed in the days after. DOGE climbed back to $0.11 on February 2 before pulling back again. At the time of writing, the token was trading at approximately $0.1063. It was down 2.3% over the past 24 hours. The weekly picture remained weak, with a decline of nearly 14.58%. The technical outlook presents two clear scenarios. If Dogecoin drops below the $0.10 support level, analysts point to $0.08 as the next likely target. On the other hand, a sustained break above $0.12 could open the door to a run toward $0.16. That level would represent a meaningful recovery from current prices. The market remains divided on which path is more probable in the short term.
3 Feb 2026, 16:58
Russia’s Largest Stock Exchange To Roll Out XRP, SOL, And TRX Futures Trading In 2026

Russia’s leading securities exchange plans to launch cash-settled futures contracts tied to Ripple’s XRP, Solana, and Tron over the course of the year.









































