Good morning, everyone! It is now 8:00 AM China time on February 10, 2026. The market has crawled back a bit from last week's bloodbath at 60K, with a total market cap up about 2% compared to yesterday, currently around $2.53 trillion. Bitcoin is hovering around $70,400, with a slight increase of 1-3% in the last 24 hours. The Fear and Greed Index is still in the extreme fear zone at 7-9, and everyone is still on edge.
1. Total market cap up slightly by 2%, barely breathing at $2.53T.
The total global cryptocurrency market capitalization is now $2.53 trillion, up about 2% in the last 24 hours, with a trading volume of over $200 billion. There is some bottom-fishing capital coming in during the Asian early session. BTC dominance is at 57-59%, and altcoins are slightly up, but still not fully awake.
2. Bitcoin holds steady at 70K, showing solid support in the early session
BTC is currently in the 70,400 USD range, up 1-3% over the last 24 hours, last night's high reached near 71K, slightly retreated this morning but did not break 70K. Technically, 70K support is still relatively stable, but don't be too optimistic in the short term.
3. Altcoins are catching a breath, ETH and SOL slightly up
• ETH: 2,060-2,070 USD, up 2-4%, holding the 2K level
• SOL: slightly above 90 USD, up 3-5%, considered resilient among alts
• Others: XRP up 3-4% at 1.50 USD, BNB up 2-3% at 662 USD, alt season index is sluggish, DeFi and NFT are warming up a bit, but overall still weak.
4. This morning's key point: these 4 major news items could determine price fluctuations at any moment
This wave pulled back from 60K to 70K, seeming like a rebound, but the real direction will be determined by these few factors:
• Federal Reserve and macro data (the deadliest killers): CPI, employment data, and speeches from Federal Reserve officials are the biggest variables currently. If hawkish policies continue, interest rates may rise instead of falling, and risk assets could face significant losses, leading to a direct hit on crypto; conversely, if dovish signals emerge, funds could quickly flow back, allowing the market to take off rapidly.
• ETF fund flows and institutional actions: Bitcoin ETF has recently seen continued outflows, but whales are accumulating at low levels. If outflows turn into sustained inflows, 70K could become a new starting point; if outflows continue, 70K could break at any time.
• Regulatory policy progress (double-edged sword): The stablecoin bill has been implemented, while the market structure bill is still in progress. The clearer the regulations, the more they can attract large funds, but short-term uncertainties can also create volatility; any new news can ignite or dampen enthusiasm instantly.
• Geopolitical and leverage risks (sudden thunder): Tensions between the U.S. and Iran, oil price fluctuations, and global risk aversion sentiment can amplify panic at the slightest disturbance. The shadow of last week's major liquidations is still present, and positions with high leverage are easily harvested.
5. Sentiment and outlook
We are still in the extreme fear zone, but the index has rebounded a bit compared to the last few days. Exchange selling pressure has decreased, and leveraged liquidations have also slowed down. Short-term volatility will not be small; however, the foundation for long-term institutions and halving is still in place, waiting for macro stability. There will be rebounds, but don't charge too aggressively.
Tomorrow (February 11, China time) key points to watch
1. U.S. CPI or employment data, speeches from Federal Reserve officials (most important!)
2. Geopolitical and oil price movements
3. BTC technical levels: defend 70K vs break down to 69K
4. ETF flows and regulatory news
5. Reminder: A rebound in extreme fear zones is common, but play lightly, stop-loss is a must. 6. Beware of those women in the square showing you 85% returns; they are all men.
