Capital Flow

Strategy, the largest corporate holder of Bitcoin, has confirmed new purchases during the recent market downturn, viewing it as a key opportunity for accumulation. CEO Phong Le emphasizes a long-term optimistic outlook, reinforcing the company's commitment to Bitcoin despite short-term volatility.

Bitcoin ETFs have seen increased institutional demand, with notable inflows despite overall outflows. Analysts label recent downturns as the weakest bear case in Bitcoin's history, indicating resilience among early investors amid rising financialization concerns.

ChainCatcher message: According to Arkham data, at 18:16, 265.11 BTC (worth approximately $6.47 million) was transferred from Cumberland DRW to an anonymous address (starting with bc1q8q62j...).

On February 10, news reports indicate that after nearly a month of continuous outflows, the US Bitcoin ETF recorded net capital inflows for two consecutive days for the first time, showing a phased recovery in institutional sentiment. According to SoSo Value data, these products saw a total inflow of approximately $471 million last Friday, with an additional $144.9 million on Monday, ending the redemption trend that has been ongoing since mid-January. This round of capital inflow is in response to the short-term rebound in Bitcoin prices. Last Thursday, Bitcoin briefly dropped to around $60,000, then quickly rebounded to near $70,000, easing market concerns about further deep corrections. Previously, after a two-week rally in mid-January that pushed Bitcoin close to a high of $98,000, it subsequently retreated, triggering large-scale sell-offs of spot ETFs.

Bitcoin dropped to $60,000 and then rebounded to $69,800, with selling pressure comparable to the 2022 FTX collapse. Major whales have net sold 81,068 coins within 8 days, Binance deposits account for 48.5%, and the exchange whale ratio surged to 0.447, reaching a new high. Realized losses have reached $889 million, and ETFs have lost over $6 billion in four months.

Bitcoin has fallen below $70,000, hitting a critical support level at $68,000. The market faces uncertainty with significant ETF outflows totaling $3.1B, raising concerns about further declines if support fails.

XRP is facing a liquidity battle at $1.43, with selling pressure concentrated around $1.40. Analysts warn that a significant move could occur if these levels break. Institutional interest from ETF inflows provides some support despite recent price declines.

Altcoins rebound after three consecutive weeks of decline, increasing the risk of short-squeeze liquidation. ETH, DOGE, and ZEC are at risk of liquidation exceeding $3.1 billion. ETH rebounding to $2,370 will trigger $3 billion in liquidations. DOGE rebounding to $0.109 will trigger $98 million. ZEC received a donation from Ethereum founder Vitalik, with $5 million locked into the Shielded pool.

_Digital asset outflows slow sharply despite price pressure as Bitcoin sees losses, altcoins gain inflows, and trading volumes hit records._ Crypto investment products showed slower outflows last week despite strong market pressure and falling prices. According to CoinShares data, total weekly o

The crypto market faced declines, with XRP down 2.99% and significant liquidations reported. Future outflows exceeded inflows, suggesting profit-taking. Despite this, XRP saw some fund inflows ahead of upcoming legislative changes and important economic data releases.

Solana's price approached $90 on Monday, holding onto last Friday's 11% rebound, but it has been consolidating for the third consecutive day. Derivative product data shows retail interest continues to decline, with SOL futures open interest decreasing by 2% to $5.32 billion within 24 hours, and financing rates remaining negative. The US spot Solana ETF experienced an outflow of $11.86 million, and technically, the RSI dropped to 29, indicating an oversold condition.

On February 7, an anonymous individual transferred 2.565 Bitcoins (approximately $181,000 USD) to Satoshi Nakamoto's wallet. This address holds the first block reward of 50 BTC from January 3, 2009, has never transferred out any funds, and currently holds about 57 BTC (worth approximately $4 million USD). Satoshi Nakamoto is estimated to hold 1.1 million Bitcoins that have never been moved, with a theoretical value of $70 to $77 billion USD.

BlackRock clients purchased Bitcoin ETF shares worth $231.6 million in a single day, marking the largest inflow in weeks and ending two consecutive days of outflows. This sudden capital rebound occurred as Bitcoin prices faced pressure and the overall risk market remained cautious, indicating that institutional investors are viewing market volatility as a buying opportunity rather than a signal to exit, reflecting confidence in Bitcoin's long-term value.

Amidst the intense volatility in the cryptocurrency market, DeFi protocol World Liberty Financial (WLFI), supported by the family of U.S. President Donald Trump, has unexpectedly come under pressure due to liquidation risks faced by lending platforms. The protocol was forced to sell Bitcoin to repay debts, drawing significant market attention. According to on-chain data platform Arkham Intelligence, the official wallet of World Liberty Financial sold over 170 Bitcoins on Wednesday at an approximate price of $67,000 each, cashing out about $11 million. The funds were immediately transferred to leading lending protocol Aave to repay loans and avoid liquidation. Alongside the forced sale of assets to cover debts, WLFI tokens have also continued to experience downward pressure.

Bitcoin briefly plunged to $60,000, introducing the new concept of the "Whale Kill Line." 588,000 traders were liquidated with losses of 2.7 billion, with 85% using leverage on long positions. Trapped whales created a resistance top effect, and the market was unwilling to provide selling liquidity.

Big Brother Maqi Huang Licheng has invested approximately $13.16 million in Hyperliquid since October last year, going long on Ethereum and HYPE with 25x leverage. He has been liquidated a total of 252 times, with a peak of 71 times in a single month. His account balance dropped from $50.39 million to $53,000, a 99% decrease. He transferred $250,000 on Monday and was liquidated again on Thursday.

The crypto market has been locked in a deep, prolonged winter since early 2025, but signs suggest the downturn may be closer to its end as institutional flows mask pain, retail capitulates and sentiment reaches classic late-stage extremes. Bitwise Predicts Crypto Winter Ending Soon, Setting up