Trading

On February 9, 2026, Bitcoin came under renewed derivatives pressure as monthly Net Taker Volume turned negative. According to the report, taker flows were around -$272 million and Binance buy-sell ratio fell to 0.97, while price hovered near $68,945. Futures activity continued to outpace spot demand, leaving the rebound vulnerable ahead of key macro releases.

Bitcoin slipped under $70,000 as U.S. spot ETF flows turned negative over the past week, the article notes, raising concerns about institutional profit taking. It also reports that BMIC, which promotes post‑quantum wallet security using ERC‑4337 smart accounts, has collected over $441K in its presale, with tokens priced at $0.049474 despite broader market volatility.

Binance added 4,225 BTC worth $300 million to its SAFU wallet on Monday, pushing the reserve's value above $720 million. The move is part of a plan announced on Jan. 30 to convert the $1 billion user protection fund to Bitcoin, with completion targeted within 30 days. The shift increases exposure to BTC price volatility.

Bitcoin has slid into the historically significant $60K–$62K demand zone after breaking below a prior major daily low near $75K and remains capped under the $75K–$77K supply area. Price has rebounded toward the $69K–$70K region on both daily and 4-hour charts but now trades in a compressed range between this resistance band and the key support around $60K. On-chain data shows the $60K area aligns with the realized price of 18-month to 2-year holders acting as support, while the realized price of 12- to 18-month holders near $85K–$90K could form resistance on any recovery.

Bernstein analysts, including Gautam Chhugani, expect Bitcoin to reach $150,000 in 2026, citing spot ETF inflows and post halving supply constraints. In parallel, Bitcoin Hyper, a Layer 2 using the Solana Virtual Machine, has raised $31.3M in its presale, with Etherscan noting whale activity and a token price of $0.0136753.

XRP's derivatives metrics swung sharply, with futures net flow turning negative by 3,711.06% and a net change of -$30.57 million, according to CoinGlass. Inflows totaled $174.19 million while outflows reached $204.77 million over the last four hours. Separately, XRP ETFs saw $15.16 million of inflows on Feb. 6 and $39.04 million weekly netflows.

Net outflows from crypto investment products fell to $187 million last week after two weeks near $1.7 billion. The slowing pace of flows may signal an inflection in sentiment even as prices remain pressured. Regionally, inflows were led by Germany, while XRP saw the largest altcoin inflows.

Crypto exchange-traded products saw $187 million of weekly outflows, while trading activity climbed to a record $63.1 billion. Selling pressure moderated after recent declines, even as Bitcoin briefly touched $60,000 on Coinbase. Bitcoin products led withdrawals; XRP drew $63 million of inflows, with smaller gains for Ether ($5.3 million) and Solana ($8.2 million).

Bitcoin recovered nearly 2% after briefly falling below $70,000, but analysts argue the move sits within a broader bearish setup. One trader expects BTC to oscillate between roughly $57,000 and $87,000 before eventually breaking lower toward the $44,000–$50,000 area, while others highlight its position below the 50-week EMA near $95,300 as a sign of continued vulnerability.

Bitcoin began the second week of February trading above $70,000, while multiple analysts warned that a convincing macro bottom may still lie closer to $60,000 or even $50,000. Upcoming U.S. CPI data, shifting expectations for Federal Reserve rate cuts, movements in the U.S. dollar index and Japan's post-election policy stance are all seen as key factors for BTC price volatility, alongside elevated miner BTC transfers to exchanges.