Bitcoin fell below $70,000 on Feb. 9, trading at $69,842.51 with a 24-hour decline of 1.9%, HTX data show. The price has fluctuated just under the $70,000 level over the past day.

Outflows from digital asset investment products slowed to $187 million last week, CoinShares said in a Feb. 9 report. Assets under management fell to $129.8 billion, the lowest since March 2025. Bitcoin posted $264 million in outflows, while XRP, Solana and Ethereum drew inflows of $63.1 million, $8.2 million and $5.3 million respectively.

South Korea's Financial Supervisory Service said customers who sold tokens from Bithumb's accidental distribution of over $40 billion in Bitcoin on Feb. 9 are legally obliged to return the assets, Reuters reports. The FSS chief said the crypto sector has structural vulnerabilities and urgently needs stronger oversight. The watchdog added it would take a cautious stance on "ghost tokens" and Bitcoin spot ETF launches, and plans to expand its remit through a second phase of the Digital Asset Basic Act.

Rosen Law Firm opened a probe on Feb. 9 into potential securities claims for BAL investors over allegedly misleading business information, BlockBeats reports. The investigation follows a Nov. 3 attack reported by Bloomberg, with PeckShield and Cyvers estimating losses near $128 million. The firm is preparing a class action.

Stablecoin issuer Tether expanded its gold reserves to roughly 148 tons worth about $23 billion as of Jan. 31, placing it among the world's top 30 gold holders and above several sovereign states, a Feb. 9 Jefferies report cited by CoinDesk shows. The firm added about 26 tons in Q4 2024 and roughly 6 more tons in January, with quarterly purchases trailing only a few central banks including Poland and Brazil, and now exceeding reserves of Australia, the UAE, Qatar, South Korea and Greece. The gold primarily backs Tether's USDT stablecoin and gold-linked token XAUT; Jefferies noted that as a private company, Tether may disclose only minimum figures, while CEO Paolo Ardoino previously said the firm plans to allocate 10%–15% of its portfolio to physical gold.

Bitcoin has remained below its 100-week moving average for 13 days after closing under the trendline for three consecutive weeks, Coin Bureau CEO Nic said on Feb. 9. Historical data show BTC averages 267 days below the line following such breaks, with the shortest period at 34 days during the COVID-19 pandemic.

Bitcoin whales significantly increased accumulation during the recent price pullback, with 66,940 BTC flowing into accumulation addresses on Feb. 6, the largest single-day inflow since 2022, CryptoQuant analyst CW8900 said on Feb. 9. New large investors were also buying and moving Bitcoin off exchanges into personal wallets.

Binance will launch trading for ASTER/U, PAXG/USD1, SUI/U and XRP/U pairs at 08:30 UTC on February 10, 2026, the exchange announced on February 9. The four spot trading pairs will become available once trading begins at the scheduled time.

Binance's SAFU fund holds 10,455 BTC valued at $741.39M as of Feb. 9, generating an unrealized gain of roughly 1% or $7.3M against its total acquisition cost of $734.09M, BlockBeats reports. The fund added Bitcoin in four recent transfers to its SAFU address. On Jan. 30, Binance announced it would gradually convert its then-$1B stablecoin reserve into Bitcoin within 30 days, and would replenish BTC holdings to restore the reserve to $1B if market volatility pushed its value below $800M.