Crypto Market Trends and Price Analysis

Odaily Planet Daily reports that, according to Gate data, spot gold's short-term gains have expanded to $20, now trading at $5054 per ounce.

Grayscale's latest report indicates that the recent decline in Bitcoin resembles a tech stock correction rather than a gold safe-haven mode, suggesting it remains an emerging technology asset. In the long term, regulation and infrastructure innovation may drive Bitcoin to become a store of value, but issues such as scalability need to be addressed.

Odaily Planet Daily reports that according to market sources: Strategy founder Michael Saylor stated in a recent interview that despite short-term price pressures, Bitcoin's returns over the next 4–8 years are expected to reach 2–3 times that of the S&P 500. He pointed out that current volatility provides an opportunity for strategic accumulation, and MicroStrategy will continue to accumulate Bitcoin assets as planned.

Bitcoin Cash is struggling below $522, facing strong resistance and negative market sentiment amid increasing selling pressure. A short-term technical bounce may occur, but further declines towards support at $478.70 remain possible if bearish trends persist.

Gate News bot message, Gate market display, since launching Alpha, Pippin has increased by 51.04%, current price is 0.3899864108083814 USDT.

BlockBeats News, February 10 — According to Fortune magazine, Polymarket announced today that it will partner with Kaito AI. Kaito AI is a research and data aggregation platform focused on the crypto space. Through this collaboration, users will be able to bet on trends, brand and individual attention, and public opinion directions.

ChainCatcher reports that, according to Arkham data, at 20:45, 52.92 BTC (worth approximately $3.43 million) was transferred from an anonymous address (starting with 168Bveij...) to Cumberland DRW.

Coinbase has adopted the Sui token standard, enhancing trading and custody services for Sui alongside Ethereum and Solana. This partnership aims to simplify asset management for institutions and developers, reflecting growing interest in Sui-based investment products.

The number of active addresses on the Axie Infinity (AXS) network has nearly doubled in the past 24 hours. Is the sudden surge in trading activity, along with the concentration of supply in the hands of large investors, enough to sustain AXS's strong growth momentum? The explosion of address activity

Goldman Sachs warns of a potential $80 billion sell-off in US stocks, which could negatively impact BTC prices. Meanwhile, gold and silver prices have eased, prompting investor interest despite economic uncertainties.

Gate News bot message, Gate Market Display, since launching Alpha, DOGSHIT has increased by 518.59%, now priced at 0.001897896345278719 USDT.

The PUMP token is experiencing downward pressure, decreasing by about 2% and extending a prior 4% drop. With 10 billion tokens unlocking soon, retail investor interest wanes, increasing the risk of further declines amid bearish technical indicators.

Gate News bot message, Gate Market Display: Since launching Alpha, GIRAFFES has increased by 636.74%, now priced at 0.0039608266097905 USDT.

Cash App, owned by Block Inc., has launched new bitcoin features, including zero-to-low fees, higher withdrawal limits, and 24/7 access, aimed at enhancing accessibility. This follows Block Inc.'s plan to cut up to 10% of its workforce to reduce costs.

Last week, Bitcoin experienced significant volatility, with daily drops of over 10%, nearly falling below $60,000. Although it later rebounded to $70,000, analysts believe that a true "capitulation sell-off" has not yet occurred, as the futures basis spread remains unchanged and does not indicate extreme market pessimism, suggesting that Bitcoin may still have further downside potential.

XRP holders are facing losses as the Spent Output Profit Ratio (SOPR) dips below 1.00, indicating widespread capitulation among investors. This decline reflects a critical break in market sentiment, reminiscent of 2021-2022 trends, raising concerns about further stagnation unless recovery occurs above the cost basis.

Latest data shows that publicly traded companies holding Solana as treasury assets are under significant accounting pressure. According to estimates based on disclosed acquisition costs and current market prices compiled by CoinGecko, these companies have collectively unrealized losses exceeding $1.5 billion. They hold over 12 million SOL, approximately 2% of the total supply, with SOL currently trading around $84. The losses are mainly concentrated among several US-listed companies, including Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi, with a combined unrealized loss of over $1.4 billion. Since some companies have not fully disclosed their cost basis, the actual loss could be even higher. Although no forced sales have occurred yet, the capital markets have already "priced in" the risk, with their stock prices generally below the market value of their held tokens, significantly limiting their financing capabilities.

As of February 10, the Hyperliquid platform's 24-hour trading volume was $6.64 billion, leading other platforms. The trading volumes of the remaining platforms did not exceed $4 billion, and the overall open interest reached a nearly 9-month low, indicating a decline in market activity.

On February 10th, Sam Bankman-Fried, who has been sentenced to 25 years in prison on multiple charges of fraud and conspiracy, spoke out again through his verified X account, claiming "FTX has never gone bankrupt," and accused the company's lawyers of submitting a "false bankruptcy petition." This statement starkly contrasts with the U.S. court rulings, regulatory documents, and financial audit results, and has quickly attracted attention within the crypto community. According to judicial records, SBF was involved in embezzling over $8 billion of customer assets, leading the platform to become insolvent by the end of 2022. The massive losses of his affiliated trading firm Alameda Research were the direct cause of the collapse. Although subsequent asset recoveries and market rebounds have improved creditor expectations in some cases, prosecutors and judges both emphasized that this does not change the established facts of fraud.

February 10 News, as the spot gold price approaches $5,000 per ounce, the valuation gap between altcoins and gold has widened sharply. Crypto analyst Michaël van de Poppe pointed out that the current "altcoin-to-gold" ratio has fallen to its lowest historical level, with the weekly RSI dropping to 25, approaching the extreme levels seen during the 2020 pandemic black swan event. This indicator is seen as a "structural low-price" signal for non-mainstream crypto assets relative to precious metals. Against the backdrop of a strong rally in gold, RWA tokens linked to physical gold have become some of the few contrarian assets. PAX Gold (PAXG) fluctuates around $5,035, with a daily trading volume exceeding $400 million; Tether Gold (XAUT) remains around $5,013, with a nearly 11% increase over the past month. However, from a global perspective, the market size of tokenized commodities is only about $800 million to $1 billion, still very limited compared to the trillions of dollars in the global spot gold market.