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6 Feb 2026, 15:57

Bitcoin and software stocks have been more correlated in the last months – BTIG’s Krinsky

More on Bitcoin USD Is Bitcoin Digital Gold Or Fool's Gold? The Market's Still Deciding Whale's Insight: Policy Uncertainty Triggers Cross Asset Repricing BTC/USD Outlook: Bitcoin Tumbles To $63,000 Amid Global Tech Selloff Bitcoin steadies after a 13% slide, goes above the $65K mark 3 things to look forward to on Friday

6 Feb 2026, 15:56

Bitcoin Crashes Below $61K as Fear Index Hits 2022 Low - Here's What Happened Every Time Before

Bitcoin fell below $61,000 this week, dragging the Crypto Fear & Greed Index to levels not seen since the collapse of FTX in late 2022. According to data tracked by Bitz.io , on-chain sell pressure from large holders accelerated sharply over the past seven days, pushing total crypto market capitalization down by over $800 billion from its recent highs. The question everyone is asking right now is simple: is this the start of something worse, or the kind of fear that historically marks a bottom? What the fear & greed index actually tells us The Crypto Fear & Greed Index measures market sentiment on a scale from 0 (extreme fear) to 100 (extreme greed). It pulls data from volatility, trading volume, social media activity, Bitcoin dominance, and Google Trends. As of February 6, 2026, the index sits at 19, deep in ”extreme fear” territory. The last time it dropped this low was November 2022, right after FTX went bankrupt. But here's the thing most people miss about this indicator: extreme fear readings have historically been better buy signals than sell signals. Every extreme fear period since 2020 - and what followed Looking at Bitcoin's price action after every period where the Fear & Greed Index dropped below 20, a clear pattern shows up: March 2020 (COVID crash): The index hit 8. Bitcoin was trading near $4,800. Within 12 months, it was above $58,000, a gain of over 1,100%. May–July 2021 (China mining ban): The index dropped to 10. Bitcoin fell from $64,000 to around $29,000. Six months later, it hit a new all-time high of $69,000. June 2022 (Terra/LUNA collapse): The index fell to 6. Bitcoin bottomed near $17,500. It took longer to recover, but by early 2024, it was back above $70,000. November 2022 (FTX collapse): The index hit 20. Bitcoin traded around $15,800. Within 16 months, it had climbed past $73,000. None of these recoveries happened overnight. But in every single case, buying during extreme fear outperformed buying during greed over a 6–12 month window. Why whales are selling and retail is buying On-chain data from Santiment shows a divergence that has repeated in previous cycles: wallets holding 100+ BTC have been net sellers over the past two weeks, while wallets holding less than 1 BTC have been accumulating. This pattern showed up before the 2021 summer bottom and again before the 2022 bottom. Large holders take profits or cut risk early, while smaller investors step in to buy what they see as a discount. ”Whale selling during a fear-driven dip doesn't necessarily mean the market is going lower,” said Mati Greenspan, founder of Quantum Economics. ”It often means smart money is de-risking, not panicking. The panic is usually in the retail crowd, but this time, retail is actually buying.” That said, whale behavior alone isn't enough to call a bottom. It's one signal among many. The $42,000 question Multiple analysts have flagged $42,000 as a key support level if the current slide continues. This level aligns with the 200-week moving average, which has historically acted as a floor during bear markets. Bitcoin has never closed a weekly candle below its 200-week moving average for more than a few weeks before bouncing back. If that level breaks and holds below it, it would be a first, and a serious warning sign. However, reaching $42,000 from current levels would require another 30%+ drop, which would likely need a catalyst beyond the current macro uncertainty. Peter Brandt, a veteran trader with over 40 years of market experience, noted on social media: ”The 200-week MA has been the ultimate buy zone for Bitcoin in every cycle. Breaking it would change the entire thesis.” Macro factors adding pressure The crypto selloff isn't happening in a vacuum. Several macro factors are stacking up: The Nasdaq lost over $1 trillion in market value this week, dragged down by disappointing earnings from major tech companies and renewed fears about AI spending. The S&P 500 followed, and the Australian ASX posted its worst day in nearly a year. Global bond yields are climbing again as central banks signal that rate cuts may come slower than markets expected. Higher yields make risk assets like Bitcoin less attractive compared to fixed income. Meanwhile, trade tensions between the U.S. and China have reignited, adding uncertainty to global markets. Historically, Bitcoin has not been immune to macro risk-off events, despite the ”digital gold” narrative. Binance FUD vs. on-chain reality Adding to the fear this week were social media posts comparing Binance to FTX, a claim that on-chain data does not support. Binance's proof-of-reserves data shows the exchange still holds more than $60 billion in assets, and its SAFU (Secure Asset Fund for Users) insurance fund recently purchased $233 million worth of Bitcoin, pushing its BTC holdings higher. On-chain analysts at CryptoQuant confirmed that Binance's net flows remain healthy, with no signs of the kind of reserve depletion that preceded the FTX collapse. The comparison appears to be driven more by fear than facts. What actually matters right now Sentiment indicators, whale movements, and support levels all point to one takeaway: this is a high-fear environment, and historically, high-fear environments have rewarded patience. That doesn't mean Bitcoin can't go lower. It can. Support levels can break. Macro conditions can worsen. But the data shows that selling during extreme fear has consistently been the wrong move over any meaningful time horizon. The traders and investors who performed best in previous cycles were the ones who had a plan before the fear hit, not the ones who made decisions while it was happening. For now, the market is in wait-and-see mode. The next few weeks will likely determine whether this is a mid-cycle correction or something deeper. Either way, the fear is real, but so is the historical pattern of what comes after it.

6 Feb 2026, 15:55

Tokyo Electron raises full-year forecast to ¥593B despite missing quarterly estimates

Tokyo Electron Ltd., a Japanese electronics and semiconductor company, has lifted its annual projections despite missing quarterly profit expectations. This was after the firm observed a surge in capital expenditure among chipmakers, driven by the expanding AI investment cycle. Following its forecast upgrade , the semiconductor tool supplier now expects ¥593 billion, or $3.8 billion, in operating profit for the fiscal year ending in March. Initially, the firm forecasted an operating profit of ¥586 billion. Tokyo Electron expresses optimism that revenue will surge in 2026 Tokyo Electron acknowledged that there is surging demand for DRAM production equipment , including high-bandwidth memory and standard chips, and anticipated that this trend will persist for several years. Nonetheless, the firm noted that demand from Chinese-based memory producers is decelerating slightly and that logic chip manufacturers are also holding off on equipment orders. Responding to this issue, Finance Division Officer Hiroshi Kawamoto released a statement during a conference on earnings last Friday, stating that, “Customer inquiries are very strong, and if we can quickly resolve issues related to cleanroom capacity and procurement, we could see growth exceeding 20% this year.” On the other hand, Tokyo Electron’s December economic report noted that the firm yielded an operating profit of ¥116.14 billion. This figure was lower than the ¥158.6 billion average analyst estimate. In an attempt to explain this outcome, Kawamoto alleged that the timing of shipments caused a slight weakness in sales. The Finance Division Officer also disclosed that the company has adopted various strategies to boost its income. For instance, the firm unveiled plans for a ¥150 billion share buyback. Kawamoto made these remarks at a time when leading tech giants such as Amazon.com Inc., Alphabet Inc., and Alibaba Group Holding Inc., as well as sovereign wealth funds worldwide, are allocating hundreds of billions of dollars to data centers, chips, and other hardware as they race to dominate the artificial intelligence landscape. In the meantime, it is worth noting that Tokyo Electron serves a range of clients, including Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. , and has profited from the surge in demand for high-performance chip-making tools. Even so, the Japanese firm has experienced difficulties navigating export restrictions amid a fierce battle for digital supremacy between the United States and China. Moreover, Tokyo Electron is set to benefit from TSMC’s commitment to 3-nanometer chip production at its newly established Japan-based factory. Leading tech giants hint at significant investments in AI this year Four leading US tech giants have collectively forecast that their 2026 capital expenditures will total nearly $650 billion . This large figure is meant to support the development of new data centers and the necessary running equipment, such as AI chips, networking cables, and backup generators. For Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., and Microsoft Corp., their spending plans are primarily focused on solidifying their positions in the rapidly evolving AI market. Given the intensity of the situation, analysts asserted that this investment is on a scale not seen in this century. Data shows that each company is on track to post record capital expenditure this year, a level of investment rarely seen for individual firms over the past decade and comparable to landmark spending eras such as the New Deal, 19th-century railroad expansion, and post-war interstate highway construction. Join a premium crypto trading community free for 30 days - normally $100/mo.

6 Feb 2026, 15:52

Bitcoin beats FTX, COVID-19 crash with record dive below 200-day trend line

Bitcoin bear market momentum sparked a record crash below the 200-day simple moving average as analysis expected BTC price "mean reversion" next.

6 Feb 2026, 15:52

Market Veteran Brandt Identifies the Bitcoin Structure that Led to Current BTC Downturn

Trading veteran Peter Brandt has now identified the Bitcoin price structure that led to the ongoing downturn that has dominated the market. Notably, Bitcoin (BTC) and the rest of the crypto market have been on a downward spiral since October 2025, with the losses intensifying on the back of the latest wave of selling pressure. Visit Website

6 Feb 2026, 15:52

Bitfarms plans U.S. redomiciliation as part of AI transition; stock spikes

More on Bitfarms Ltd. Bitfarms: Holds Ground As HPC Permit Review Tests Its Pivot Bitfarms Ltd. (BITF:CA) Presents at 28th Annual Needham Growth Conference Transcript Bitfarms: Capitalizing On The Next Generation Of AI Data Centers Bitfarms exits Latam with up to $30M sale of Paso Pe bitcoin mining site Biggest stock movers Friday: BITF, INTC, and more