Capital Flow

Wintermute attributes crypto's sluggish growth to a shift in capital to AI investments, which have surged in 2025. The firm predicts that crypto may struggle until AI's momentum wanes, highlighting the interconnectedness of market liquidity and sector performance.

On February 11, it was reported that the US spot Bitcoin ETF recorded net capital inflows for the third consecutive trading day, attracting approximately $167 million on Tuesday. The total inflow for this week has reached $311.6 million, nearly offsetting last week's outflow of $318 million. Previously, these products experienced three consecutive weeks of negative inflows, with total outflows exceeding $3 billion. Although Bitcoin's price has fallen about 13% over the past seven days and briefly dropped below $68,000, capital movement indicates that there has been no large-scale withdrawal by institutions. Several analysts pointed out that recent selling pressure has significantly eased, and the ETF capital curve shows signs of stabilization, with market sentiment gradually recovering.

ChainCatcher News, according to market reports, the UK Bitcoin Treasury Company has increased its holdings by 15 Bitcoins. Currently, the company's total Bitcoin holdings have reached 2,689 Bitcoins.

QCP Capital analyzes Bitcoin and Ethereum rebounds, market sentiment is optimistic, and a bottom may be forming. Capital inflows are picking up, with BTC ETF recording a net inflow of .45 billion, and ETH ETF also turning into a net inflow. Macro factors have improved, but the Fear and Greed Index remains in the extreme fear zone, indicating that market sentiment is fragile.

Shiba Inu remains under intense bearish pressure, but fresh on-chain data shows exchange reserves have shrunk massively from 82 trillion last month. The rapid decline in Shiba Inu’s exchange reserve has sparked debate over how the shift could influence SHIB’s price action. Key Points Shiba Inu

The tokenized commodity market has increased by 53% in six weeks, reaching $6.1 billion, as gold transfer onto the blockchain makes it the fastest-growing vertical in the real-world asset tokenization market. By early 2026, the tokenized commodity market is valued at just over $4 billion, with gold products dominating the market. Tether Gold and PAX Gold listed by Paxos account for over 95% of the share, with growth outpacing tokenized stocks and funds.

ChainCatcher reports that the price of gold (XAUT) is fluctuating steadily, currently slightly above approximately $5,025. The total 24-hour trading volume of XAUT contracts across the entire network is $724 million. The Gate platform is actively trading, offering efficient metal trading experiences and leverage services.

ChainCatcher message: According to Arkham data, at 14:38, 56,989,100 POL (worth approximately $5,075,600) was transferred from an anonymous address (starting with 0xBdB9...) to FalconX.

Matrixport analyzes that Bitcoin ETF capital inflow has slowed down due to narrowing market basis and low retail participation. The gains from futures-spot arbitrage are limited, making it difficult for institutional funds to accelerate their allocation, resulting in prolonged market consolidation.

Despite the downturn in the cryptocurrency market, Strategy founder Michael Saylor remains optimistic about Bitcoin's long-term prospects, predicting that over the next 4 to 8 years, its performance will surpass the S&P 500 index by 2 to 3 times. Strategy has recently continued to increase its Bitcoin holdings, with a total of 714,644 coins, facing an unrealized loss of approximately $5.2 billion, but Saylor firmly states he will not sell his Bitcoin.

Doppler Finance and OpenEden Announce Integration, Allowing XRP and RLUSD Holders to Directly Earn US Treasury Bond-Backed Yields on XRPL. The scheme connects XRPL liquidity with institutional-grade products through OpenEden's tokenized Treasury Bill (TBILL) and yield-stablecoin USDO. XRPL RWA indicator soars, representing an asset value of $1.45 billion.

According to SoSoValue data, on February 10th, the total net inflow of Ethereum spot ETFs was $13,818,400. Among them, Grayscale Ethereum Mini Trust ETF had the highest net inflow, totaling $13,317,300. Currently, the total net asset value of Ethereum spot ETFs has reached $11.755 billion, with a historical cumulative net inflow of $11.880 billion.

According to SoSoValue data, on February 10th, the total net inflow of XRP spot ETFs was $3,262,400, of which Grayscale XRP Trust ETF had a net inflow of $2,167,200, and Bitwise XRP ETF had a net inflow of $1,095,100. The total net asset value of XRP spot ETFs reached $1.006 billion, with a historical cumulative net inflow of $1.231 billion.

ChainCatcher message: According to Arkham data, at 12:17, 35 BTC (worth approximately $2,388,300) was transferred from an anonymous address (starting with bc1q8q62...) to Cumberland DRW.

On February 11, news reports indicate that according to the latest 13F filing submitted by Goldman Sachs to the U.S. Securities and Exchange Commission, the company made significant adjustments to its cryptocurrency ETF holdings in Q4 2025, reducing holdings of spot Bitcoin and Ethereum ETFs while increasing holdings of newly launched spot XRP and Solana ETFs. As of December 31, 2025, Goldman Sachs held approximately 21.2 million shares of Bitcoin ETF, with a total value of about $1.06 billion, down 39.4% from the third quarter. At the same time, the company held approximately 40.7 million shares of Ethereum ETF, valued at around $10 billion, a 27.2% decrease year-over-year. The reductions occurred against the backdrop of Bitcoin prices falling from approximately $114,000 to about $88,400 and Ethereum from $4,140 to $2,970 in the fourth quarter.

MicroStrategy founder Michael Saylor predicts that Bitcoin's performance over 4-8 years will be 2-3 times that of the S&P, reaffirming that he will not sell and will buy each quarter. The company purchased 1,142 BTC this week, bringing total holdings to 714,644 BTC with an average cost of $76,056. Despite MicroStrategy posting a $12.6 billion loss in Q4, the focus remains on long-term growth.

Sky Bridge Capital founder Anthony Scaramucci stated that despite the market downturn, they are still increasing their Bitcoin holdings and are optimistic about Solana becoming one of the leading programmable blockchains.

SkyBridge Capital founder Anthony Scaramucci stated at the (Consensus Hong Kong) conference in Hong Kong that he is continuously buying Bitcoin during the market downturn. Scaramucci revealed that he purchased Bitcoin last week at $84,000 and added more this week at $63,000, describing buying Bitcoin in a falling market as like catching a falling knife. Bitcoin's recent price briefly dropped to nearly $60,000, after reaching a high of $126,000 in October 2025. Subsequently, due to a short-term correction in the Bitcoin ETF market, the price rebounded to around $69,000. Scaramucci remains optimistic about the long-term outlook of the market, believing that current lows present an opportunity to establish long-term positions.

Over 1M SOL have been withdrawn from exchanges in 72 hours as long-term holders show confidence. Post-flush price consolidation shows that the market absorption is not renewed selling pressure. In February, TVL cooled gradually, as holders redistributed