Technical Analysis

Bitcoin has recently advanced by about 4%, even as the wider crypto market climbed roughly 7% and some altcoins posted double-digit gains. At the same time, a large holder moved more than 5,000 BTC worth around $345 million to Binance, while short-term holder liquidations, deeply negative social sentiment and a break in Bitcoin's historical correlation with global M2 money supply have all added to sell-side pressure. These overlapping trends have left BTC under notable bearish control until capital flows turn back in its favor.

Over the past few weeks, volatility has intensified and Bitcoin’s price fell sharply, placing it in a deep bear-market conviction zone, according to Marcus Corvinus. Crypto Candy noted a move from $61,000–$58,000 into $70,000–$67,000 and a touch of $71,000 without a daily close above, keeping near-term retracements as the base case.

Market analyst Umair Crypto has updated his technical outlook on Solana after the altcoin broke key supports and slumped below $80 to a two-year low. He notes that Solana’s structure is still firmly bearish but sees room for a gradual recovery if price can reclaim levels such as the former $100.93 point of control. Umair outlines upside targets at $120.59, $128.43, $138.77, and $150.36, with a longer-term projection toward $200–$210 if SOL can sustain strength above $150.36.

21Shares' move to file an ONDO ETF has renewed attention on the token, while price action stays constrained by structure. ONDO rose nearly 8% in the past 24 hours toward the $0.25 area, yet remains below the $0.356 barrier with sellers capping rebounds. Derivatives volumes fell 40.51% to $227.96 million and funding neared -0.0024%, pointing to defensive positioning.

Analysts on X, including Kamile Uray, say ETH is tracing a weekly Libra setup that remains valid while the candle is open, with invalidation below $1,388 and upside levels near $3,445 and $4,956. Can Özsüer reports price around $2,086 after a ~22% rise from $1,730, highlighting $2,475 and $1,950–$2,000 as key levels.

UNI rebounded from a four‑month low of $2.8, defended $3, and climbed to a local high of $3.5 before a mild pullback. At the time of writing, it traded at $3.49, up 9.2%, with market capitalization above $2 billion. Exchange flows on the 6th–7th of February signaled strong outflows.

Over the past week, Bitcoin faced heavy selling, and according to data, roughly $1 trillion has exited the crypto market since mid-January. In a CryptoQuant Quicktake, analyst CryptoOnchain reported Bitcoin's Taker Buy Ratio (14-day MA) on Binance fell to 0.48, the lowest since October 2025; the slide aligned with a drop to about $61,000 before BTC rebounded above $70,000 on Friday to roughly $70,263, up over 11% in 24 hours.

On February 7, 2026, gold traded around $4,966 while Bitcoin hovered just below $70,000. The two assets have shown low correlation since 2019, and major gold rallies have often preceded Bitcoin advances. GLD holdings rose to roughly 34.9 million troy ounces alongside strong precious‑metal ETF inflows in January.

HBAR advanced roughly 20% after a long wick near $0.07766 cleared selling pressure, with price holding above $0.080 and consolidating around $0.090. Traders are watching for a decisive reclaim of $0.10001 on firm volume to confirm trend repair, while Hedera's early February 2026 entry into the Digital Monetary Institute aligned with improving sentiment.

Crypto analyst Tony Severino argues that Bitcoin may have formed not just a yearly high but a 16-year cyclical peak, as BTC recently plunged to 60,000 dollars before rebounding toward 70,000 dollars. He points to bearish signals on the long-term chart, while other market figures debate whether the move signals a deeper bear market or a temporary shakeout. At the same time, Arthur Hayes links the sharp drop to BlackRock’s IBIT ETF hedging activity, and some researchers suggest the 60,000 dollar area could again serve as a long-term support zone.