加密云游

最新消息，2 月 11 日，比特币矿业陷入严峻阶段，单位算力收益跌至约 35 美元/PH 的历史低位。受市场大幅回调影响，比特币价格自 2025 年 10 月 12.6 万美元高点回落逾 50%，目前徘徊在 6 万美元区间。

在此背景下，全网平均单枚比特币完全生产成本约为 8.7 万美元，较当前市价高出约 45%，为 2022 年熊市以来首次出现大面积「水下运行」。CryptoQuant 将当前阶段定义为「投降阶段」，表现为老旧矿机加速关停、全网算力明显收缩。受此影响，MARA Holdings、Riot Platforms 等上市矿企本周股价跌幅超过 20%，资金流向黄金等更为稳健的传统资产。

与此同时，北美矿业重镇（尤其是得州）遭遇严寒风暴，部分矿场被迫限电以保障民用电网稳定。叠加矿工退出，全网在 2 月 9 日迎来约 11% 的历史性难度下调。然而，由于币价跌幅过大，难度调整带来的盈利修复效果有限。

行业「矿工盈亏可持续指数」降至 21，显示除少数低电价、高效率运营商外，大多数矿工利润空间已被完全压缩。对于电价高于每度 0.05 美元或仍使用旧型号矿机的企业而言，此次难度下调难以扭转全面停机风险。

为应对「2026 年矿业寒冬」，头部企业正加速向人工智能（AI）和高性能计算（HPC）转型。IREN、Core Scientific 已将部分数据中心电力容量转向承载生成式 AI 业务，以获取更稳定的长期合约收入。Bitfarms 近期更宣布全面退出比特币挖矿业务，专注 AI 战略转型。
$ETH #黄金白银反弹 $ETH #何时抄底？

Bitcoin's price briefly touched $60,000 last week. Under the diminishing returns model, this is by no means simple noise. The market is touching the most vulnerable link in the entire four-year cycle and logarithmic growth framework.

As the gains at the peak of the Bitcoin cycle have been significantly compressed, if a historically deep correction occurs again, the appeal of its classic cycle will be completely lost.

This is not a prediction, this is a mathematical law.

The gains at the peak of the cycle are being compressed.

Bitcoin historical peaks in each cycle:

· 2013: ~$1,242
· 2017: ~$19,700
· 2021: ~$69,000

Introduction: As the new wave of AI agents sparked by OpenClaw and Claude Code sweeps across social media, the author keenly senses a frenzy reminiscent of the 2021 NFT era.
This article analyzes how social media amplifies technological narratives, how Wall Street conducts indiscriminate sell-offs due to the bias that 'AI kills software,' and why giants like Salesforce and ServiceNow were still unfairly punished by the market after delivering astonishing results.
The author believes we are in the 'mid-game' of a great revolution, where all extreme optimism and extreme panic are attempts to prematurely overdraw the yet-to-come conclusion.

From: Crypto Cloud Tour
Introduction:
After experiencing a violent rebound from $60,000 to $70,000 within 24 hours, Bitcoin seems to have regained lost ground, but the underlying logic indicates that this is not due to strong spot buying, but rather forced reallocation and short squeezes triggered by a macro market recovery. This article deeply analyzes the causes of this 'panic turmoil' in early February 2026: from the liquidity contraction expectations following Trump's appointment of Kevin Warsh, to the pressure on miners' profits hitting historical lows. Although the price has returned above $70,000, options traders are betting heavily on a potential second dip to $50,000-$60,000 by the end of February, revealing the market's fragile sentiment and complex financial game beneath the surface of the 'violent rebound.'

The price of Bitcoin has halved, but the company selling BTC mining rigs has announced plans to go public in the U.S.

In the early morning of January 21, 2025, in the small central French town of Villejourn.

David Balland was dragged awake from his sleep, and before he could understand the situation, he and his wife were stuffed into two cars. Ten minutes later, the two cars headed in different directions.

What happens in the next 48 hours is like a poorly made kidnapping movie. The kidnapper cut off a finger of Balland and sent a photo to his former colleagues, demanding a ransom of 10 million dollars in Bitcoin.

More than 90 members of the French special forces GIGN were dispatched to act simultaneously at two locations, ultimately rescuing the couple.

Crypto cloud travel
The cryptocurrency market has given back all the gains brought about by Trump's ascension, plummeting dramatically in an epic fall, allowing the word—'risk', temporarily forgotten by greed, to once again stare menacingly at all investors.
In the past week, Bitcoin experienced its largest weekly decline in three years. February 5th became an unexpected day for cryptocurrency market investors: Bitcoin fell by 13% that day, marking the largest single-day drop since June 2022, and at one point on February 6th, it fell below 61,000 dollars.
In this wave of severe correction, veteran in the crypto circle, Yi Lihua, 'liquidated' 400,000 Ethereum within a week, suffering a loss of 700 million dollars, becoming the number one 'whale' mercilessly hunted in this round of collapse.

The five licenses issued by the Office of the Comptroller of the Currency (OCC) are thoroughly welding the world's largest financial system with the cutting-edge world of digital assets.
Among them, five core crypto institutions, including Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos, have officially obtained or been approved to upgrade to national trust bank licenses.
This signifies that the crypto giants, which dominate the circulation of trillions of dollars in assets, have collectively transitioned from the margins to a 'federal-level banking infrastructure.'
A transformation aimed at seizing the future rights of issuance and settlement of digital cash, referred to as 'banking with a license,' is fully erupting at the intersection of Wall Street and Crypto Valley.

From the various economic data released by the U.S. government, the American economy is currently very good, very standardly good.

But against this backdrop, overnight, from U.S. stocks to gold, from the Nikkei to commodities, and even to the cryptocurrencies we are most familiar with, almost all assets collectively plummeted as if they had conspired together. This indiscriminate and all-encompassing crash brought many people back to those days dominated by panic.

What exactly happened? Did the fires of war in the Middle East finally reach the financial markets? Or did Trump say something shocking again? Or is it that a long-anticipated perfect storm has finally arrived?