February 8 1. Bitcoin Market: After a rebound, Bitcoin is consolidating at high levels, closing around 67,300 USD at the lowest; currently trading at 69,000 USD. Ethereum experienced even greater volatility, with a spike to a high of 2,127 USD and a low of 1,992 USD, now trading at 2,080 USD. 2. Altcoin Market: Mainstream altcoins follow Bitcoin’s fluctuations. SOL closes at 87 USD; DOGE at 0.0977 USD; SIREN surged over 600% at one point, now at 0.26 USD; LA surged 40%, now at 0.27 USD; “I’m coming” plummeted 50%, now at 0.0194 USD. Other Chinese meme coins also saw significant declines. 3. The Fear and Greed Index today rose to 7, still in extreme fear territory. 4. A newly created wallet received 20,000 ETH from K站, worth approximately 41.67 million USD. This wallet is very likely owned by Bitmine. 5. Bitcoin’s market cap has fallen to the 14th largest asset globally. 6. Bitcoin mining difficulty has decreased significantly by 11.16%. 7. 21Shares has submitted an application for the listing of the ONDO spot ETF. 8. Institutional and on-chain activity: BlackRock’s IBIT holdings have fallen to a market value of 51.7 billion USD; SOL blockchain TVL is currently at 6.5 billion USD; in the past 24 hours, CEX net outflows exceeded 20,000 BTC.

Recent Crash Recap: On February 5th, Bitcoin experienced another major plunge, dropping below the $70,000 mark. Within just a few hours, Bitcoin fell over 7%, Ethereum dropped 8%, 200,000 traders were liquidated, and 6.6 billion yuan worth of funds "vanished into thin air." As of 7:39 PM on February 5th, Bitcoin's latest price was $70,536, down 7.27% in 24 hours, a 14% decline over the past week, and a 22% drop over the past month. Compared to its all-time high of $126,000 four months ago, it has fallen 44%. Ethereum's latest price is $2,086, down 7.51% in 24 hours, with a 23% decline over the week and a 32% decline over the month. Compared to $4,711 four months ago, it has dropped nearly 56%. Additionally, cryptocurrencies like XRP, SOL, and DOGE experienced even more severe declines during this market crash. As of February 5th, the total market capitalization of cryptocurrencies was $2.39 trillion, down nearly 43% from $4.19 trillion at the beginning of October.