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4 Feb 2026, 07:46

Polymarket takes crypto offline with free grocery store push in New York City

Polymarket is stepping away from screens and apps and into the physical world. The crypto-based prediction market platform is opening a free grocery store in New York City, pairing the initiative with a major donation aimed at tackling food insecurity. Announced on Feb. 3, the project marks an unusual move for a digital-native company and places Polymarket directly into a live policy and social debate playing out in the city. The pop-up store is scheduled to open later this month and will operate independently of any trading activity, signalling a deliberate shift from markets and probabilities to tangible community engagement. Polymarket @Polymarket · Follow After months of planning, we’re excited to announce ‘The Polymarket’ is coming to New York City.New York’s first free grocery store.We signed the lease. And we donated $1 million to Food Bank For NYC — an organization that changes how our city responds to hunger. 🧵 10:30 PM · Feb 3, 2026 61 Reply Copy link Read 37 replies From prediction markets to physical presence The pop-up store, called “The Polymarket,” is set to open on Feb. 12 at noon ET. It will offer groceries entirely free of charge, with no purchase or sign-up required. Polymarket said the store will be open to all New Yorkers, though it has not yet disclosed the exact location. The company described the project as a fully stocked grocery space designed to prioritise access rather than retail transactions. Polymarket framed the initiative as a direct investment in the city where it is headquartered. Crypto.news reported, citing sources familiar with the project, that the store is expected to operate for a limited period, likely covering several days around its opening weekend. Donation targets citywide food insecurity Alongside the store launch, Polymarket confirmed a $1 million donation to Food Bank For New York City. The non-profit supports hunger relief efforts across all five boroughs and works with a network of community organisations, pantries, and soup kitchens. Food Bank For New York City said the funds will be used to expand access to food and support longer-term food security initiatives. Polymarket has also encouraged members of the public to contribute to the organisation, positioning the grocery store as part of a broader effort rather than a standalone gesture. The company has said the initiative is focused on addressing food insecurity and is not intended to operate like a traditional commercial grocery outlet. Competition and symbolism in New York The timing of the project coincides with growing competition among US-based prediction market platforms. Rival Kalshi recently carried out a smaller free grocery giveaway in New York, prompting comparisons between the two campaigns. Polymarket’s store, however, represents a more sustained and visible presence, both in scale and in branding. The initiative also echoes political ideas circulating in the city. New York Mayor Zohran Mamdani has previously floated proposals around city-run grocery stores, adding a layer of symbolism to Polymarket’s move. The platform currently hosts active markets linked to whether such stores will open in New York by mid-2026. Busy stretch and regulatory backdrop The grocery store launch follows a period of rapid expansion for Polymarket. In late January, the company announced a multi-year partnership with Major League Soccer, making it the league’s official prediction market partner. On Feb. 2, Polymarket also integrated with decentralised exchange aggregator Jupiter, enabling users to access prediction markets directly on Solana. While the store itself is not linked to trading or user activity, the launch places Polymarket in the public eye at a moment when both competition and regulation are intensifying. The post Polymarket takes crypto offline with free grocery store push in New York City appeared first on Invezz

4 Feb 2026, 07:30

Canadian Regulator Sets Tighter Crypto Custody Standards to Curb Losses

Canada’s top investment industry watchdog has rolled out a new set of rules aimed at tightening how crypto assets are held and safeguarded, as regulators move to limit losses linked to hacks, fraud, and weak governance. Key Takeaways: Canada introduced new interim crypto custody rules to curb losses from hacks and fraud. Custodians now face tiered limits based on capital strength, oversight, and resilience. The framework adds stricter governance, insurance, and audit requirements while supporting innovation. The Canadian Investment Regulatory Organization (CIRO) on Tuesday published its Digital Asset Custody Framework , outlining detailed expectations for dealer members that operate crypto asset trading platforms. The framework is designed as an interim measure and will be enforced through membership terms and conditions, allowing CIRO to react more quickly to emerging risks while longer-term rules are developed. Canada Introduces Tiered Custody Rules CIRO said the framework directly addresses the “technological, operational, and legal risks unique to digital assets,” drawing on lessons from past failures, including the collapse of QuadrigaCX in 2019, which left thousands of customers unable to recover funds. At the core of the new regime is a tiered, risk-based structure for crypto custodians. Under the model, custodians are placed into one of four tiers based on factors such as capital strength, regulatory oversight, insurance coverage, and operational resilience. Top-tier custodians may hold up to 100% of client crypto assets, while lower-tier providers face progressively tighter limits, with Tier 4 custodians capped at 40%. Dealer members that choose to custody assets internally are limited to holding no more than 20% of the total value of client crypto. The framework also imposes a broad set of operational requirements. These include formal governance policies covering private key management, cybersecurity controls, incident response procedures, and third-party risk management. CIRO has published a new Digital Asset Custody Framework, setting clear expectations for the custody of #digitalassets by Dealer Members operating #cryptoplatforms (CTPs) in Canada. Read more in our news release: https://t.co/E0MFRnwnfN pic.twitter.com/3hzlg4yZ2u — CIRO / OCRI (@CIRO_OCRI) February 3, 2026 Custodians must carry insurance, undergo independent audits, provide security compliance reports, and conduct regular penetration testing. Custody agreements are required to spell out liability in cases where losses stem from negligence or preventable failures. CIRO said the approach is intended to be proportionate, balancing stronger investor protection with room for innovation and competition. The rules were developed in consultation with crypto trading platforms, custodians, and other industry participants, and were benchmarked against international practices. Canada Steps Up Crypto Enforcement After Major FINTRAC Fines The move comes amid heightened scrutiny of crypto compliance in Canada. In October, the country’s financial intelligence agency, FINTRAC, fined local exchange Cryptomus roughly $126 million for failing to report suspicious transactions tied to darknet markets and fraud. Earlier in the year, FINTRAC also imposed penalties on offshore platforms KuCoin and Binance for similar breaches . As a self-regulatory body, CIRO has the authority to investigate misconduct among its members and impose sanctions, including fines and suspensions. As reported, Canada is preparing to roll out its first comprehensive framework for fiat-backed stablecoins under the 2025 federal budget, closely mirroring the regulatory path taken by the United States earlier this year. The Bank of Canada is expected to spend $10 million over two years, starting in fiscal year 2026–2027, to oversee the rollout. The move comes just months after the US passed its GENIUS Act in July , a landmark stablecoin bill that heightened global regulatory momentum. The post Canadian Regulator Sets Tighter Crypto Custody Standards to Curb Losses appeared first on Cryptonews .

4 Feb 2026, 07:28

Binance Backs Significant Update on Zilliqa Network

Binance supports a major upgrade on the Zilliqa network on February 5, 2026. Trading remains unaffected; security and system stability are top priorities. Continue Reading: Binance Backs Significant Update on Zilliqa Network The post Binance Backs Significant Update on Zilliqa Network appeared first on COINTURK NEWS .

4 Feb 2026, 07:10

BTC Perpetual Futures: Revealing Long/Short Ratios Signal Cautious Market Sentiment for 2025

BitcoinWorld BTC Perpetual Futures: Revealing Long/Short Ratios Signal Cautious Market Sentiment for 2025 Global cryptocurrency traders exhibit a notably cautious stance on Bitcoin’s immediate future, as revealed by the latest 24-hour long/short ratios for BTC perpetual futures contracts across the world’s three largest exchanges by open interest. This data, current as of early 2025, provides a crucial snapshot of institutional and retail sentiment, showing a collective tilt towards short positions that demands deeper contextual analysis within the current macroeconomic and regulatory landscape. Decoding BTC Perpetual Futures Long/Short Ratios Perpetual futures contracts, unlike traditional futures, have no expiry date. Consequently, the long/short ratio for these instruments serves as a powerful, real-time sentiment gauge. It measures the percentage of open positions betting on price increases (long) versus those betting on declines (short). A ratio below 50% long indicates net bearish positioning. The aggregated data from Binance, OKX, and Bybit shows an overall long percentage of 48.99%, with 51.01% short. This subtle but consistent bias across major platforms suggests a prevailing narrative of caution or expectation of consolidation among sophisticated market participants. The Mechanics of Market Sentiment Measurement Exchanges calculate this ratio by dividing the total open long positions by the total open interest. Analysts then track its fluctuations to identify potential trend reversals or confirmations. For instance, a sustained decline in the long ratio often precedes or accompanies market downturns, while a sharp increase can signal growing bullish conviction. The current data, showing all three major venues in net short territory, aligns with historical patterns where such positioning emerges during periods of price uncertainty or after significant rallies, as traders hedge their spot holdings or speculate on pullbacks. Exchange-by-Exchange Analysis of Trader Positioning A granular look at each platform reveals nuanced differences in trader behavior, often reflecting distinct user demographics and regional influences. The data presents a remarkably uniform picture of slight short dominance. BTC Perpetual Futures 24-Hour Long/Short Ratios (Top 3 Exchanges by Open Interest) Exchange Long % Short % Net Sentiment Overall Aggregate 48.99% 51.01% Slightly Bearish Binance 48.98% 51.02% Slightly Bearish OKX 49.79% 50.21% Neutral to Slightly Bearish Bybit 49.18% 50.82% Slightly Bearish OKX displays the most balanced ratio, nearly at parity. This could indicate a more mixed or wait-and-see attitude among its user base. Conversely, Binance and Bybit show a more pronounced, though still marginal, preference for short positions. These variations, while small, are statistically significant given the massive open interest on these platforms, which collectively represents billions of dollars in notional value. The consistency across venues strengthens the signal’s reliability, suggesting a broad-based sentiment rather than an anomaly on a single exchange. The 2025 Context: Macroeconomic and Regulatory Influences Interpreting these ratios requires understanding the external environment shaping trader decisions in 2025. Several key factors currently influence derivatives market sentiment: Interest Rate Environment: Central bank policies continue to impact liquidity flows into and out of risk assets like cryptocurrency. Regulatory Clarity: Evolving global frameworks for digital asset trading and custody affect institutional participation. Bitcoin ETF Flows: The net inflows or outflows from spot Bitcoin ETFs provide a complementary sentiment indicator from traditional finance. Network Fundamentals: Metrics like hash rate and active addresses offer on-chain confirmation of network health. Furthermore, the derivatives market itself has matured significantly. Risk management practices, including more sophisticated hedging strategies using perpetual swaps, have become standard for funds and high-net-worth individuals. Therefore, a net short position does not always equate to a purely bearish outlook; it can also represent prudent portfolio insurance for large spot holders. Historical Precedents and Market Cycle Analysis Historical data analysis reveals that periods of net short positioning on perpetual futures have frequently occurred at local market tops or during extended consolidation phases. For example, similar ratios were observed prior to the significant correction in mid-2022 and during the sideways action throughout much of 2023. However, these ratios are best used as a contrarian indicator at extremes. The current levels are not at historical extremes of bearishness, which often see long ratios dip below 40%. Instead, they suggest a healthy skepticism and lack of euphoria, a condition that some analysts argue is necessary for a sustainable bull market foundation. Implications for Bitcoin Price Action and Volatility The prevailing short bias has direct implications for market mechanics. A market heavily skewed short can become vulnerable to a “short squeeze.” This occurs when unexpected positive news or buying pressure forces short sellers to close their positions by buying back the asset, accelerating upward price moves. The current setup, with a modest but pervasive short interest, creates a latent fuel for a rally if bullish catalysts emerge. Conversely, if negative catalysts hit, the existing short positions could amplify downward momentum as stop-losses on long positions are triggered. Monitoring funding rates—the periodic payments between longs and shorts—becomes crucial in this environment to gauge the cost of maintaining these positions. Expert Perspective on Derivatives Data Leading market analysts emphasize the importance of combining derivatives data with other metrics. A veteran derivatives trader from a major quantitative fund, who spoke on condition of anonymity, noted, “The long/short ratio is one piece of the puzzle. We correlate it with options skew, futures term structure, and spot flow data. Right now, the perpetuals data suggests caution, but the term structure might remain in backwardation or contango, telling a different story. The key is divergence; when these indicators start to disagree, it often signals a major move.” This multi-faceted approach prevents over-reliance on a single metric and provides a more robust market view. Conclusion The latest BTC perpetual futures long/short ratios from Binance, OKX, and Bybit paint a clear picture of measured caution in the cryptocurrency market as of 2025. The consistent, albeit slight, net short positioning across these major exchanges reflects a trading environment characterized by hedging and a lack of speculative froth. While not indicative of extreme bearishness, these ratios highlight the importance of derivatives market data as a leading sentiment indicator. For investors and traders, understanding these dynamics is essential for navigating potential volatility and identifying the underlying supply and demand forces that will ultimately dictate Bitcoin’s price trajectory. The data underscores a mature market where participants are actively managing risk, setting the stage for the next significant directional move. FAQs Q1: What does a long/short ratio below 50% mean? A long/short ratio below 50% indicates that more traders hold open short positions (betting on price decline) than long positions (betting on price increase) in the perpetual futures market at that moment. It generally reflects net bearish or cautious sentiment. Q2: Why are perpetual futures important for gauging sentiment? Perpetual futures have no expiry, so their open interest represents continuous market exposure. The long/short ratio for these instruments provides a real-time, high-liquidity snapshot of trader positioning and collective market bias, often used by institutions for hedging and speculation. Q3: How does the data from Binance, OKX, and Bybit differ? While all three show a net short bias, OKX exhibits the most balanced ratio (49.79% long), nearing parity. Binance and Bybit show slightly more pronounced short positioning. These subtle differences may reflect variations in each exchange’s user demographics, regional focus, or product offerings. Q4: Can a high short ratio lead to a price increase? Yes, a market with a high concentration of short positions is prone to a “short squeeze.” If the price begins to rise, short sellers are forced to buy back BTC to close their losing positions, creating additional buy-side pressure that can accelerate the rally. Q5: How should traders use this long/short ratio data? Traders should use this data as one indicator among many, not in isolation. It’s most powerful when combined with spot market flows, options data, on-chain analytics, and macroeconomic context. Extreme readings often act as contrarian signals, while mild readings like the current ones confirm a prevailing cautious trend. This post BTC Perpetual Futures: Revealing Long/Short Ratios Signal Cautious Market Sentiment for 2025 first appeared on BitcoinWorld .

4 Feb 2026, 07:00

Binance SAFU Fund’s Strategic $100M Bitcoin Move Bolsters Unprecedented User Protection

BitcoinWorld Binance SAFU Fund’s Strategic $100M Bitcoin Move Bolsters Unprecedented User Protection In a significant move for cryptocurrency security, Binance’s Secure Asset Fund for Users (SAFU) has strategically added approximately $100.54 million worth of Bitcoin to its reserves, reinforcing its role as a critical safety net for the global exchange’s user base. This transaction, involving 1,315 BTC, represents a deliberate shift in the fund’s asset composition and underscores the evolving landscape of digital asset protection. The action follows Binance’s prior announcement about converting stablecoin holdings within the billion-dollar SAFU fund into Bitcoin, signaling a long-term confidence in the premier cryptocurrency’s role as a reserve asset. Binance SAFU Fund’s Strategic Bitcoin Allocation Blockchain monitoring service Whale Alert first detected the substantial withdrawal from a Binance exchange wallet to a designated SAFU fund address. Consequently, this transaction executes a previously stated corporate strategy. Binance originally established the SAFU fund in 2018 as a self-insurance mechanism. The fund’s primary purpose is to cover potential user losses in extreme scenarios, such as major security breaches or operational failures. Therefore, this latest Bitcoin acquisition directly supports that core protective mission. The fund’s structure mandates that Binance allocates 10% of all trading fees to replenish and grow the SAFU reserve. Historically, the fund maintained a portion of its value in stablecoins like BUSD and USDT for price stability. However, the recent strategic pivot toward Bitcoin marks a notable evolution. This shift likely reflects a calculated assessment of long-term asset preservation and the foundational role of Bitcoin within the cryptocurrency ecosystem. Analysts view the move as an endorsement of Bitcoin’s store-of-value characteristics, especially for a fund designed as an emergency backstop. The Mechanics and Timing of the Transaction On-chain data provides transparent verification of the SAFU fund’s activity. The transaction occurred seamlessly, demonstrating the operational maturity of large-scale asset transfers within the Binance ecosystem. Market analysts note the timing did not cause significant price volatility, indicating careful execution. Furthermore, this move aligns with a broader industry trend where major cryptocurrency entities are increasing their Bitcoin treasury reserves. The decision to convert stablecoin holdings into Bitcoin involves balancing immediate liquidity needs with long-term capital appreciation and network security alignment. Understanding the SAFU Fund’s Role in Cryptocurrency Security The Secure Asset Fund for Users represents a pioneering model in consumer protection for the digital asset industry. Unlike traditional finance, where government-backed insurance schemes exist, cryptocurrency exchanges often create their own safeguards. The SAFU fund provides a transparent, on-chain verifiable pool of assets dedicated solely to user protection. Its existence aims to build trust and mitigate one of the sector’s most significant risks: the potential loss of user funds due to unforeseen events. Emergency Reserve: The fund acts as an insurance pool, not for daily operations. Transparent Tracking: Its blockchain addresses are publicly known, allowing for independent verification of its size and composition. Proactive Protection: Its purpose is pre-emptive risk management rather than reactive compensation. This model has influenced other exchanges to develop similar protection funds, raising the standard for security across the industry. The fund’s growth to over $1 billion in value highlights Binance’s commitment to allocating substantial resources toward user safety. By holding a significant portion in Bitcoin, the fund also ties its value to the performance and security of the world’s largest blockchain network, creating a symbiotic relationship between user protection and network success. Comparative Analysis of Exchange Insurance Funds Exchange Fund Name Reported Size Primary Assets Binance SAFU $1B+ Bitcoin, Stablecoins Coinbase User Protection Corporate Balance Sheet Fiat Currency, Diversified Kraken Reserves Not Disclosed Cryptocurrency, Cash FTX (Formerly) Insurance Fund Was $1B+ FTT Token, Crypto The table illustrates different approaches to user protection. Binance’s SAFU fund is distinctive for its size, transparency, and specific asset allocation strategy. The recent Bitcoin purchase further differentiates its approach from competitors who may rely more heavily on fiat currency or corporate guarantees. Implications of Holding Bitcoin in an Insurance Fund Converting a portion of the SAFU fund to Bitcoin carries several important implications. Firstly, it signals a strong, long-term belief in Bitcoin’s viability as a reserve asset. Unlike stablecoins, which are pegged to fiat currencies, Bitcoin’s value is independent and subject to market cycles. This introduces a different risk-return profile for the insurance fund. Proponents argue that Bitcoin’s historically appreciating value over multi-year periods could increase the fund’s purchasing power for future protection needs. Conversely, critics note the potential volatility could affect the fund’s value during a market downturn when it might be needed most. Secondly, holding Bitcoin aligns the fund’s security with the security of the Bitcoin network itself. The fund benefits from Bitcoin’s decentralized, immutable, and highly secure blockchain. This creates a direct stake in the health of the broader cryptocurrency infrastructure. Furthermore, this move may influence other institutional holders to consider Bitcoin for similar long-term reserve purposes. The decision reflects a maturation in how large crypto-native entities manage treasury assets, moving beyond simple fiat proxies to embrace the native assets of the ecosystem they serve. Expert Perspectives on Reserve Strategy Financial analysts specializing in digital assets point to several rationales for the strategy. A common view is that stablecoins, while useful for liquidity, carry counterparty and regulatory risks tied to their issuers. Bitcoin, as a decentralized asset with no single point of failure, offers a different kind of risk mitigation. Experts also reference the growing trend of corporate and national Bitcoin treasury allocations as a validation of this approach. The SAFU fund’s strategy can be seen as an adaptation of this “digital gold” thesis for the specific purpose of user insurance. This action provides a real-world case study for other funds considering similar asset allocation shifts. The Broader Context of Cryptocurrency Exchange Security in 2025 The SAFU fund’s evolution occurs within a rapidly changing regulatory and technological landscape. Global regulators are increasingly focusing on consumer protection mandates for cryptocurrency platforms. Initiatives like the EU’s Markets in Crypto-Assets (MiCA) framework require exchanges to safeguard client assets. Binance’s proactive maintenance of a substantial, verifiable insurance fund positions it favorably within these emerging compliance regimes. The transparency of on-chain fund management serves as a powerful tool for demonstrating solvency and responsibility to both users and regulators. Moreover, the industry continues to recover from past incidents where users lost funds due to exchange failures. These events have made security and proof of reserves paramount concerns for investors. The SAFU fund, and actions like this Bitcoin allocation, are direct responses to this market demand for greater safety. They represent a shift from purely technical security (like cold storage) to include financial security through dedicated emergency capital. This multi-layered approach is becoming the standard for leading exchanges aiming to build enduring trust. Timeline of the SAFU Fund’s Development July 2018: Binance announces the creation of the SAFU fund, initially allocating 10% of trading fees. 2019-2021: The fund grows steadily, with its public addresses periodically verified by the community. Early 2023: Binance discloses the SAFU fund value exceeds $1 billion. Late 2024: Binance announces a strategy to gradually convert SAFU’s stablecoin holdings into Bitcoin. Early 2025: Whale Alert reports the $100 million Bitcoin withdrawal, executing the stated strategy. This timeline shows a consistent, multi-year commitment to growing and strategically managing the fund. The recent Bitcoin purchase is not an isolated event but a step in a planned, long-term financial strategy. Conclusion Binance’s SAFU fund addition of $100 million in Bitcoin represents a significant and strategic development in cryptocurrency exchange security. This move transitions a portion of the user protection fund into the ecosystem’s foundational asset, aligning its long-term value with the success of Bitcoin itself. The action reinforces the fund’s role as a transparent, substantial safety net for users while demonstrating sophisticated treasury management. As the digital asset industry matures, the evolution of the Binance SAFU fund provides a leading model for how exchanges can proactively address risk, build trust, and secure user assets against an unpredictable future. The fund’s growing Bitcoin reserves underscore a deepening institutional confidence in cryptocurrency’s premier asset as a cornerstone of financial resilience. FAQs Q1: What is the Binance SAFU fund? The Secure Asset Fund for Users (SAFU) is an emergency insurance reserve created by Binance. It is funded by allocating 10% of all trading fees and exists to protect users’ assets in extreme cases like major security breaches or operational failures. Q2: Why did the SAFU fund buy $100 million in Bitcoin? The purchase executes a previously announced strategy to convert a portion of the fund’s stablecoin holdings into Bitcoin. This likely reflects a long-term belief in Bitcoin as a store of value and aims to align the fund’s reserves with the premier asset of the cryptocurrency ecosystem. Q3: How does this transaction affect Binance users? For users, it reinforces the financial backing of their protection safety net. The fund’s value is now more closely tied to Bitcoin’s performance. The move is designed to enhance the fund’s long-term value and resilience, potentially increasing its capacity to cover losses if ever needed. Q4: Is the SAFU fund’s composition publicly verifiable? Yes. Binance publishes the blockchain addresses holding the SAFU fund assets. Anyone can use a block explorer to track the fund’s size and movements, such as this recent Bitcoin transaction, providing a high degree of transparency. Q5: How does the SAFU fund compare to traditional bank insurance? It is a different model. Traditional bank insurance (like FDIC in the US) is a government-backed guarantee. The SAFU fund is a company-owned and managed pool of assets. It offers protection based on the exchange’s own financial resources and commitment rather than a state-backed scheme. This post Binance SAFU Fund’s Strategic $100M Bitcoin Move Bolsters Unprecedented User Protection first appeared on BitcoinWorld .

4 Feb 2026, 06:59

Bitcoin Loses Long-Term Support, Tanking to $73K as Short-Term Holders Capitulate

Bitcoin prices tanked to around $73,000 in late trading on Tuesday, its lowest level since November 2024. The fall is significant because it dropped below April 2025 support levels, which were around $74,500, confirming bear market territory. “Negative momentum is currently extreme as the bear market persists following the October 10 flash crash,” reported Swissblock. The asset has now crashed 25% in less than three weeks and is down 40% from its all-time high. “Bitcoin has now crashed over $53,000 in the last 120 days,” observed analyst ‘Bull Theory’ who added: “Either this is an insane level of manipulation or something huge has broken behind the scenes in crypto.” The move came as geopolitical tensions escalated again, with Iran seeking a new format for nuclear dialogue with the United States. STH Capitulation Adds to Selling Pressure “Short-term holders have been capitulating over the past few days,” said CryptoQuant analyst ‘Darkfost’. More than 40,000 BTC have been sent to exchanges at a loss over the past day or so, they added. “This potential selling pressure appears to have impacted the market today. When large amounts of BTC are sent to exchanges, it is mainly for selling purposes.” Short-Term Holders have been capitulating over the past few days. In the last 24 hours, more than 40,000 BTC have been sent to exchanges at a loss. ⁰ Yesterday, that figure even reached 54,000 BTC. At current prices, this represents roughly $4B. This potential selling… pic.twitter.com/yX0HcOwSs3 — Darkfost (@Darkfost_Coc) February 3, 2026 Santiment went into further detail, reporting that wallets with 10 to 10,000 BTC, which hold just over two-thirds of all Bitcoin, have dumped 50,181 units in the past two weeks alone. However, the world’s largest exchange, Binance, “shows no signs of stress,” reported CryptoQuant. “Reserves hold near 659,000 BTC, netflows remain normal, and reserve movement sits at just 0.6%, nowhere close to the -12% panic withdrawals seen post-FTX,” it added. Analyst ‘Sykodelic’ also remained positive, stating that “this section below the $74K lows will provide the springboard for the next macro leg higher.” “Taking the lows, losing $74K temporarily, pushing everyone over the edge, even the most staunch of bulls… baiting a massive bear trap.” Total Market Cap at 9 Month Low Bitcoin had returned to trade at $76,500 at the time of writing in early trading in Asia on Wednesday, so the dip below long-term support was short-lived. However, the rest of the crypto market is in meltdown , with total capitalization tanking to a nine-month low of $2.64 trillion. Ether fell to $2,120 before a minor recovery, and most of the altcoins had crashed to crypto winter lows with very little recovery. The post Bitcoin Loses Long-Term Support, Tanking to $73K as Short-Term Holders Capitulate appeared first on CryptoPotato .