On February 6, 2026, Aave founder Stani Kulechov sold 4,503 ETH valued around $8.36 million through CoW Protocol as Ether traded under $2,000. On-chain records indicate several WETH-to-USDC swaps from a wallet attributed to him, followed by USDC inflows back to the same address.

Bitwise advisor Jeff Park has argued that Bitcoin’s sharp fall to an intraday low of $60,255 was largely driven by institutional risk management and hedge fund deleveraging. He says multi-strategy funds holding Bitcoin ETFs were forced to unwind positions as volatility and margin pressures rose, triggering aggressive selling. Park adds that implied volatility reaching 75% marks a stress point but may ultimately clear leverage ahead of a potential rapid rebound.

Strategy CEO Michael Saylor said the firm plans a Bitcoin security program to address potential quantum‑computing risks, coordinating with global cyber, crypto, and Bitcoin security communities. Chaincode Labs research suggests 20%–50% of all Bitcoin could be vulnerable, an estimated $400–$900 billion, while industry figures differ on when quantum capabilities might meaningfully threaten the network.

On Feb. 5, U.S. spot crypto ETFs showed diverging flows, with Bitcoin products losing $434 million and Ethereum funds seeing $80.79 million in outflows, while Solana spot ETFs attracted $2.82 million. Over the past week, Solana’s network processed more than $31 billion in DEX spot trading volume even as SOL fell to $81.12, down 10.15% on the day and 29.70% over seven days, leaving analysts divided on whether a longer-term path toward $1,000 by 2030 is feasible.

On 6 February 2026, Bloomberg's Mike McGlone warned that Bitcoin's current cycle is increasingly similar to previous deep bear markets and could slide toward $10,000 if equities weaken. He highlighted the rollover of Bitcoin's 200-day moving average, heavy volatility in the IBIT spot ETF with over $10 billion traded on a 13% drop, and a $12.4 billion corporate loss as signs of mounting stress while the price hovers near $62,000.

On Friday, Feb. 6, around 34,000 Bitcoin options contracts worth roughly $2.1 billion and about 217,000 Ethereum options contracts valued at $400 million are scheduled to expire. Bitcoin options show a put/call ratio of 0.59 with max pain near $82,000, while broader crypto markets have dropped to a total capitalization of $2.27 trillion and Bitcoin has fallen below $60,000 after losing 50% from its all‑time high.

Marathon Digital moved 1,318 BTC valued at $86.9 million within a 10-hour window while Bitcoin slid toward $63,000, its lowest level since October 2024. The miner distributed funds across wallets linked to Two Prime, BitGo and a new address, as its shares and other mining stocks declined amid falling hash price, softer revenues, and weather‑related power issues.

In the week leading up to the February 6, 2026 update, silver surged to a yearly high before collapsing nearly 30% last Friday, then repeatedly rebounded and slid, with spot prices hitting $73 per ounce by Thursday night and New York futures at $72.34. UBS flagged one-month silver volatility above 100%, warned that levels above $85 may be hard to sustain without persistent inflows, and highlighted rich option pricing. The sharpest intraday crash occurred on January 30, when the leveraged AGQ ETF was already down heavily and dumped nearly $4 billion in silver futures, while analysts noted that leveraged products and intense retail demand are distorting trading patterns and could keep prices unstable.