BTC (Bitcoin) has decreased by 2.65% over the past 24 hours.

Gate News Bot Message, February 4th, according to CoinMarketCap data, as of press time, BTC (Bitcoin) is currently priced at $76,657.69, down 2.65% in the past 24 hours, with a high of $90,439.29 and a low of $72,897.14. The 24-hour trading volume reached $67.937 billion. The current market capitalization is approximately $1.53 trillion.

Bitcoin is an innovative payment network and a new form of currency. BTC operates using peer-to-peer technology, without the need for central authorities or banks; transaction management and Bitcoin issuance are collectively executed by the network. Bitcoin is open source, with its design publicly available. No one owns or controls Bitcoin, and everyone can participate. Through its unique features, Bitcoin supports fast peer-to-peer transactions, global payments, and low processing fees.

Recent Important News About BTC:

1️⃣ Liquidity Sensitivity Restricts Safe-Haven Functionality Although the US dollar index has fallen by 10%, Bitcoin has fallen by 13%, indicating that the market still views BTC as a liquidity-sensitive risk asset rather than a traditional safe haven in the absence of a confirmed macro environment shift. The interest rate differential favoring the dollar since the beginning of the year has further weakened Bitcoin’s appeal as a hedge against the dollar. In this context, gold and emerging market assets have become more direct beneficiaries of dollar diversification, while Bitcoin’s store of value properties are relatively weakened, leading to underperformance during market risk appetite fluctuations.

2️⃣ Structural Suppression in Derivatives Market Limits Price Upside A large number of open interest in options contracts are concentrated near strike prices, forming clear structural resistance. If BTC breaks above $91,000, the liquidation of accumulated short positions on major centralized exchanges could reach $1.133 billion; conversely, falling below $87,000 could trigger $494 million in long position liquidations. This distribution pattern causes the price to oscillate within the $87,000 to $91,000 range, making it difficult to form a one-sided trend in the short term. The high volume of options trading, especially short-term put options, reflects traders’ cautious risk management strategies, limiting speculative long positions.

3️⃣ Reversal in Spot ETF Fund Flows Adds to Correction Pressure Bitcoin spot ETFs have experienced continuous net outflows, with major funds like BlackRock’s IBIT seeing daily net outflows in the tens of millions of dollars. This indicates that institutional investors are beginning to reverse their positions amid unrealized losses, reflecting waning confidence. The decline in ETF holdings suggests insufficient new capital inflows, and the lack of demand from traditional institutional allocations weakens price support.

4️⃣ Development of Bitcoin Financial Infrastructure Supports Long-Term Ecosystem The launch of Citrea’s mainnet and the advancement of GOAT Network BitVM2 testnet V3 represent significant progress in Bitcoin’s native financial layer. The application of ZK-rollup architecture allows BTC to directly participate in financial activities such as lending and stablecoins without compromising security, expanding Bitcoin’s economic utility. These infrastructural innovations provide a technical foundation for Bitcoin’s evolution from a simple store of value to a comprehensive financial settlement network. While they do not immediately support short-term prices, they lay a solid groundwork for medium- and long-term ecosystem development.

5️⃣ Regulatory Frameworks Gradually Improve, Expanding Institutional Acceptance Russia plans to introduce comprehensive cryptocurrency regulations by July 2026, allowing retail and institutional investors to purchase Bitcoin. This indicates an increasing institutional recognition of BTC at the sovereign level. Although the establishment of regulatory frameworks may not directly boost short-term prices, it removes institutional barriers to Bitcoin adoption worldwide, which is beneficial for long-term capital allocation normalization and liquidity enhancement.

This message is not investment advice. Please be aware of market volatility risks.