| Open‑Source Intelligence for Crypto | | | Crypto Signals Daily | | | | |
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Crypto Markets Weighed by Ether Slump, Bitcoin Volatility and China Crackdown |
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February 7, 2026 |
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Today’s Setup
Crypto downturn triggered by Ether crash below $2,000, Bitcoin flash sell-off, and regulatory pressure in China
Ether plunge: Ether crashed 30%, dropping below $2,000 and causing $686 million losses in trading books, with bearish momentum and liquidations highlighting downside risks. Bitcoin volatility: Bitcoin tumbled as low as $55,000 on Bithumb after an accidental 2,000 BTC payout before rebounding above $70,000, triggering record liquidations and cautious institutional flows. China crackdown: China formalized bans on yuan stablecoins and tokenization of real-world assets, tightening the regulatory clampdown amid global market stress.
Watch: Monitor Bitcoin recovery momentum and regulatory developments in the US and China for near-term market direction.
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Top Stories
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Ether crashes below $2,000 causing $686 million loss in trading firm's book
Ether led crypto losses with a 30% price drop below $2,000, resulting in $686 million losses for a trading firm. Technical and on-chain indicators point to further downside risks between $1,000 and $1,400.
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Bitcoin price crash and rebound after Thursday's historic sell-off
Bitcoin crashed as low as $55,000 on Bithumb due to an accidental airdrop of 2,000 BTC, sparking one of the largest sell-offs since October 2024, before rebounding above $70,000. The event triggered record liquidations and exposed miner distress and institutional selling pressure.
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China formalizes ban on yuan stablecoins and RWA tokenization
Chinese regulators expanded their crypto crackdown by officially banning unapproved yuan-linked stablecoins and restricting tokenization of real-world assets by domestic and foreign companies, reinforcing the ongoing crypto ban.
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XRP price jumps nearly 20% amid whale accumulation and ledger upgrade activation
XRP rebounded sharply after its steep sell-off, driven by whale purchases of over 230 million tokens worth $335 million in 48 hours and a key ledger upgrade activation enabling enhanced enterprise utility and regulatory alignment.
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Dogecoin price slips 11% amid $1B outflows and bearish sentiment
Dogecoin faced heavy selling pressure with $1 billion flowing out, bearish net delta, and futures outflows signaling intensified negative sentiment across the market.
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| Also on the Wire |
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• Crypto's eligibility for 401k retirement funds is under scrutiny after a $2 trillion market rout.
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CoinDesk
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• WLFI sells $50 million in Bitcoin amid questions on Trump’s pro-crypto stance and repays $11.75 million Aave debt to reduce leverage.
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AMBCrypto
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• Bitcoin ETFs saw $690 million net outflows amid price swings, while institutional buyers like Metaplanet vow continued accumulation.
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Cointelegraph
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• BlackRock bitcoin ETF options activity surged during recent crash fueling hedge fund blowup speculation.
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CoinDesk
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• Bithumb accidental payouts of 2,000 BTC caused brief price crash and were swiftly corrected with no loss to customers.
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BeInCrypto
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• Metaplanet continues accumulating Bitcoin despite its share price decline.
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CoinDesk
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• Ethereum derivatives show mixed positioning near $2,000 with options clustering and futures open interest slightly down.
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Bitcoin News
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• Cardano price bounced sharply with $40 million whale buying amid ongoing technical risks.
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BeInCrypto
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