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Bitcoin has officially entered a bear market phase, according to an analysis by well-known market analyst PlanB. He noted that the BTC/USD monthly candle for January closed at $78,635, a 38% decline from its all-time high. PlanB stated that the Relative Strength Index (RSI) has fallen below 50, which he identifies as a formal signal for a bear market. He also pointed out that the 200-week Exponential Moving Average (EMA) and the realized price are gradually declining to $58,000 and $55,000, respectively. Based on historical trends, PlanB suggested that Bitcoin could fall further to these levels. However, he added that since the recent bull market showed relatively weak bullish signals, the corresponding bear market might also be limited in scope.

Bitcoin has fallen to the $78,000 level due to a halt in new capital inflows and profit-taking by early holders, Coindesk analyzed. Ki Young Ju, CEO of CryptoQuant, noted that Bitcoin's realized capitalization has stagnated, indicating a lack of new capital. He explained that early holders, who have significant unrealized profits thanks to buying from spot ETFs and Strategy (MSTR), have been realizing gains since early last year. While fund inflows and Strategy's purchases were key drivers of the rally, that momentum has paused. Ki predicted that Bitcoin is unlikely to crash unless Strategy engages in a large-scale sell-off of its holdings. According to data from BitcoinTreasuries, Strategy holds 712,647 BTC at an average purchase price of $76,040 and is currently up approximately 2.35% on its investment. On Feb. 2, BTC briefly touched $75,700, dipping below Strategy's average price. It is currently trading at $77,900, up 1.19% from the previous trading day.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,052.01 on the Binance USDT market.

According to Tokenomist, the following major token unlocks are scheduled for this week: Feb. 2 - 7:00 a.m. UTC: ENA unlocks 40.63 million tokens ($5.55 million), 0.55% of circulating supply. Feb. 5 - 12:00 a.m. UTC: XDC unlocks 841 million tokens ($29 million), 5.00% of circulating supply. Feb. 6 - 12:00 a.m. UTC: HYPE unlocks 9.92 million tokens ($296 million), 2.79% of circulating supply. - 1:00 p.m. UTC: BERA unlocks 63.75 million tokens ($29.39 million), 41.70% of circulating supply.

Trend Research, an entity under LD Capital, sold 30,000 ETH ($70.18 million) on Binance to repay a loan, according to a report from Onchain Lens. Over the past 18 hours, the firm deposited a total of 40,000 ETH ($94.53 million) to the exchange and withdrew 6,412 ETH. Trend Research began accumulating ETH last November when the price was at $3,400, continuously borrowing USDT to fund the purchases. Prior to this sale, its holdings exceeded 650,000 ETH as of Jan. 21.

CME Bitcoin futures opened with a gap of approximately $6,830, the second-largest on record. The gap formed between the previous session's close of $84,560 and the current session's open of $77,730. This is second only to the record $10,350 gap recorded on March 3 of last year. Such gaps occur because the CME market closes for the weekend while the Bitcoin spot market operates continuously, allowing for price divergence. Consequently, traders are monitoring whether the futures price will move to close this price difference.

Feb. 2 - 2:45 p.m. UTC: U.S. January Manufacturing PMI. - 5:30 p.m. UTC: FOMC member Bostic speaks. Feb. 3 - 2:40 p.m. UTC: FOMC member Bowman speaks. - 3:00 p.m. UTC: U.S. Department of Labor December JOLTS report. Feb. 4 - 1:15 p.m. UTC: U.S. January ADP Non-Farm Employment Change. - 2:45 p.m. UTC: U.S. January Services PMI. Feb. 5 - 1:15 p.m. UTC: Eurozone interest rate decision. - 1:30 p.m. UTC: U.S. Initial Jobless Claims. - 1:45 p.m. UTC: European Central Bank press conference. - 3:50 p.m. UTC: FOMC member Bostic speaks. - 9:30 p.m. UTC: Federal Reserve Balance Sheet. Feb. 6 - 1:30 p.m. UTC: U.S. January Non-Farm Payrolls. - 1:30 p.m. UTC: U.S. January Unemployment Rate.

The Crypto Fear & Greed Index stands at 14, unchanged from yesterday, continuing a state of extreme fear, according to data from Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Blockchain security firm CertiK reported that losses from exploits and hacks totaled $400 million in January, with phishing attacks accounting for over 70% of the figure. A significant portion of this came from a single phishing attack on Jan. 16 that targeted hardware wallet users, resulting in the theft of approximately $284 million. In that incident, an attacker impersonated customer support for hardware wallet manufacturer Trezor to obtain victims' recovery seed phrases, ultimately stealing 1,459 BTC and 2.05 million LTC.

B2N, a KOSDAQ-listed IT firm, has partnered with the world's largest cryptocurrency exchange, Binance, to build out the Binance Pay ecosystem in South Korea, Chosun Biz reported. Citing investment banking and crypto industry sources on Feb. 1, the report confirmed that B2N recently signed a contract to develop a platform for Binance Pay's entry into the domestic market. Under the agreement, B2N will be responsible for developing the payment service's marketing system.

According to CoinNess market monitoring, BTC has risen above $77,000. BTC is trading at $77,000 on the Binance USDT market.

Major exchanges have seen $100 million worth of futures liquidated in the past hour. In the past 24 hours, $478 million worth of futures have been liquidated.

CrossCurve, a crypto protocol supported by Curve Finance (CRV) founder Michael Egorov, has been attacked via its cross-chain bridge, Cointelegraph reported, citing data from security firm Defimon Alerts. The exploit is estimated to have resulted in the theft of approximately $3 million in funds across several networks. In a post on X, CrossCurve confirmed that a smart contract vulnerability had been exploited and asked users to halt all interactions with the protocol pending an investigation. The attacker reportedly bypassed validator procedures in a specific smart contract, allowing them to send forged cross-chain messages that triggered the unlocking of tokens.

According to CoinNess market monitoring, BTC has fallen below $76,000. BTC is trading at $75,982.84 on the Binance USDT market.

Sheikh Tahnoon Bin Zayed Al Nahyan, a United Arab Emirates royal and national security adviser, made a large, undisclosed investment in a cryptocurrency business linked to the Trump family, CNBC reported, citing The Wall Street Journal. Aryam Investment, a firm backed by Sheikh Tahnoon, purchased a 49% stake in the DeFi project World Liberty Financial (WLFI) for approximately $500 million last year. The transaction was reportedly finalized months before the Trump administration approved the export of advanced artificial intelligence (AI) semiconductors to the UAE. The U.S. subsequently permitted the sale of hundreds of thousands of advanced AI chips from Nvidia to the UAE, with some reportedly allocated to G42, an AI company run by Sheikh Tahnoon. The deal has drawn criticism from members of the U.S. Congress, who have pointed to potential conflicts of interest and corruption. Senator Elizabeth Warren, a noted crypto opponent, called it a clear case of corruption and demanded an immediate reversal of the AI chip sale approval. The White House has denied the allegations, stating there is no conflict of interest.

Robert Kiyosaki, author of "Rich Dad Poor Dad," stated on X that a sale on gold, silver, and Bitcoin has begun. He contrasted the behavior of different economic classes, noting that while less affluent people rush to buy consumer goods during a Walmart sale, they often sell financial assets in fear during a market crash. In contrast, Kiyosaki said, the wealthy use these moments to acquire assets, and he is preparing to purchase more gold, silver, and Bitcoin.

The sharp decline in the cryptocurrency market last Saturday was directly caused by contracting market liquidity and large-scale liquidations rather than macroeconomic variables, according to an analysis by trading platform The Kobeissi Letter. The platform stated on X that the push below $79,000 for Bitcoin was not due to geopolitical issues or Federal Reserve policy, but was purely a liquidity problem. It added that more than three major forced liquidations occurred between Friday and Saturday, with the total volume exceeding $1.3 billion. This accumulation of excessive leveraged positions in a low-liquidity environment led to an "air pocket" phenomenon, where the order book thinned out rapidly. The analysis also noted that volatility increased as investor sentiment swung wildly between optimism and pessimism.

Whale Alert reported that 2,697 BTC has been transferred from an unknown wallet to Gemini. The transaction is valued at about $208 million.

Strategy founder Michael Saylor hinted at an upcoming Bitcoin purchase in a post on his X account last night. He shared a Saylor Tracker chart with the comment "More Orange." Saylor has historically posted similar messages before announcing new BTC acquisitions.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,984.07 on the Binance USDT market.

Whale Alert reported that 400 million XRP has been unlocked from escrow at Ripple.

Whale Alert reported that 400 million XRP has been unlocked from escrow at Ripple.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,122.11 on the Binance USDT market.

Major exchanges have seen $100 million worth of futures liquidated in the past hour. In the past 24 hours, $2,159 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,989.88 on the Binance USDT market.