Bitcoin briefly fell below $69,000 on Feb. 9, trading at $68,868.58 with a 24-hour decline of 3.3%, HTX data show. The move reflects short-term downside volatility in BTC's dollar price on the exchange.

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.

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's SAFU fund address acquired 4,225 BTC on Feb. 9, worth $299.6 million, Arkham data show. The address now holds 10,455 BTC, valued at $741.39 million. On Jan. 30, Binance announced it would convert a $1 billion stablecoin reserve to BTC over 30 days and would top up BTC to restore $1 billion if holdings fell below $800 million.

The Coinbase Bitcoin Premium Index narrowed to -0.08% on Feb. 9, signaling a pickup in US buying interest, Coinglass data show. The index tracks the price difference between Bitcoin on Coinbase and the global average, serving as a gauge of US capital flows and institutional participation. A positive premium indicates Coinbase prices trade above the global average, typically reflecting stronger US demand, institutional inflows and higher risk appetite, while a negative premium suggests heavier selling pressure or capital outflows.

Bitcoin's Sharpe ratio fell to -10 on Feb. 9, the lowest level since March 2023, CryptoQuant analyst Darkfost said. The metric, which measures risk-adjusted returns, has reached levels historically seen near bear market troughs in late 2022 to early 2023 and late 2018 to early 2019, though the analyst cautioned this does not confirm the bear phase has ended. The ratio last dropped to zero in November 2025 when Bitcoin touched a local low of $82,000, and a negative reading typically precedes a market turning point but does not by itself signal a trend reversal, Darkfost added.

U.S. spot Bitcoin Exchange-Traded Fund (ETF) assets declined below the $100 billion threshold on February 9, registering $99.16 billion. This figure represents a notable decrease from the sector's $165.15 billion peak recorded in October, as reported by BlockBeats. Despite this reduction in total asset value, the sector has experienced substantial net inflows since January 2024, accumulating 689,180 BTC, equivalent to approximately $55.01 billion. Key players include BlackRock's IBIT, which holds 765,200 BTC, Fidelity's FBTC with 198,400 BTC, and Grayscale's GBTC holding 159,600 BTC, reflecting significant institutional interest.

Wintermute founder Evgeny Gaevoy said on 9 February that unusual 1-minute spot price swings in Bitcoin and ETH during the early hours of 8 February were likely caused by the liquidation of a market-making bot, with potential losses reaching tens of millions of dollars, BlockBeats reports. He dismissed rumors of a large institution liquidation and noted that even if such an event occurred, it would not have medium- or long-term impact, unlike the Three Arrows Capital and FTX collapses. Gaevoy added that leverage in this cycle is concentrated in perpetual contracts and that trading platforms no longer deploy user assets into illiquid investments, while tighter credit has kept institutional borrowing below $2 billion, limiting the risk of cascading liquidations. Between 00:05 and 00:17 on 8 February, BTC and ETH spot 1-minute charts showed single-minute price swings exceeding 1% and reaching as high as 3%.