decrease

PeckShield released a report on platform X showing that the cryptocurrency industry experienced a total of 15 hacking incidents, with cumulative losses of $26.5 million. Compared to February 2025 (losses of $1.5 billion, of which Bybit lost $1.4 billion), this represents a year-on-year decrease of 98.2%; compared to January 2026 (losses of $86.01 million), this is a month-on-month decrease of 69.2%.

According to the latest statistics from RootData, the investment and financing heat in the cryptocurrency market has cooled down in February 2026, with a total of 63 financing events recorded throughout the month, amounting to $864 million, a month-on-month decrease of 19.3%. Despite the overall decline, the trend of capital concentrating on leading projects has become increasingly evident: this month, there were 16 large financing events exceeding $10 million, with stablecoin ecosystems, institutional-grade tools, and compliance platforms becoming the core revenue-generating tracks.This month, stablecoin giant Tether was extremely active, strategically investing $150 million in Gold.com and $100 million in Anchorage on February 5, demonstrating its deep layout in the infrastructure and physical asset sectors.At the same time, BTC Inc was acquired by Nakamoto for $107 million, and Korbit received a $93.82 million acquisition increase from Mirae Asset. This marks a new round of consolidation in the industry, with traditional financial giants (such as Mirae Asset) accelerating the acquisition of compliant trading platforms.In addition, the activity in the Japanese market surged, with Penguin Securities raising ¥2.8 billion and JPYC securing ¥1.78 billion in financing, showcasing the strength of the yen ecosystem in the fields of compliant stablecoins and securitization.

According to Coinglass data, the total open interest of ETH contracts across the network has decreased by 8.32% in the past 24 hours, with the current total open interest at $23.657 billion. Among them, Binance's open interest is $4.866 billion, OKX's open interest is $1.553 billion, Bybit's open interest is $1.804 billion, and Gate's open interest is $2.476 billion.

According to Coinglass data, the total open interest of ETH contracts across the network has decreased by 6.58% in the past 24 hours, with the current total open interest at $24.347 billion. Among them, Binance has an open interest of $4.959 billion, OKX has $1.584 billion, Bybit has $1.911 billion, and Gate has $2.601 billion.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.32% in the past 24 hours, with the current total open interest at $24.593 billion. Among them, Binance's open interest is $5.02 billion, OKX's open interest is $1.615 billion, Bybit's open interest is $1.939 billion, and Gate's open interest is $2.653 billion.

According to Coinglass data, the total contract open interest for ETH has decreased by 9.41% in the past 24 hours, with the current total open interest at $24.84 billion. Among them, Binance has an open interest of $5.067 billion, OKX has $1.635 billion, Bybit has $2.013 billion, and Gate has $2.686 billion.

According to Coinglass data, the total open interest of BTC contracts across the network has decreased by 5.39% in the past 24 hours, with the current total open interest at 42.864 billion USD. Among them, Binance has an open interest of 7.502 billion USD, OKX has 2.892 billion USD, Bybit has 3.714 billion USD, and Gate has 4.49 billion USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.12% in the past 24 hours, with the current total open interest at $25.779 billion. Among them, Binance has an open interest of $5.279 billion, OKX has $1.643 billion, Bybit has $2.125 billion, and Gate has $2.734 billion.

According to data from Artemis Analytics, the circulating market value of the world's largest stablecoin Tether's USDT has decreased by approximately $1.5 billion this month, marking the largest monthly decline since the collapse of the FTX exchange in December 2022.Previously, USDT had shown a continuous growth trend since former U.S. President Trump returned to the White House. This decline also follows a slight retreat in January.

According to Alicharts monitoring, in the past three months, the stablecoin reserves of cryptocurrency CEX have decreased by 14%, from $75 billion to $64.5 billion.

According to The Block, in the current bear market environment, the inflow of funds to Bitcoin trading platforms is dominated by large holders. Data shows that the whale ratio on trading platforms has risen to 0.64, the highest level since October 2015, indicating that 64% of the Bitcoin inflow to trading platforms comes from the top ten single deposit addresses, showing that large investors are leading the sell-off.At the same time, the average single transaction inflow to Bitcoin trading platforms has risen to 1.58 BTC, the highest level since the mid-point of the last bear market in June 2022. However, after Bitcoin pulled back to around $60,000 earlier this month, total inflows to trading platforms briefly surged to about 60,000 BTC (the highest since November 2024), before falling back to a 7-day average of about 23,000 BTC, a decrease of about 60% from the peak, indicating that the phase of panic selling has eased, but the overall inflow level is still higher than in previous months.In terms of altcoins, selling pressure is also evident. Since 2026, the average daily number of deposits for altcoins on trading platforms has been about 49,000, a 22% increase from about 40,000 in the fourth quarter of 2025. CryptoQuant points out that high altcoin deposits usually indicate rising volatility and reflect weak market confidence in non-Bitcoin assets. Additionally, the inflow of stablecoins has significantly declined. The daily net inflow of Tether (USDT) to trading platforms has dropped from a peak of $616 million in November 2025 to about $27 million recently, with multiple instances of net outflows during this period, including a single-day net outflow of $469 million on January 25, 2026.The institution believes that the decrease in stablecoin inflows means that the "ammunition" for marginal buying has diminished. Overall, CryptoQuant believes that the current market structure shows characteristics of concentrated Bitcoin selling at whale addresses, widespread distribution of altcoins, and a contraction in stablecoin liquidity, indicating that in the ongoing bear market phase, market demand is limited, and prices face further volatility risks.

According to Jinshi News, Federal Reserve's Bostic stated that bringing inflation down to 2% will lead to a decrease in the policy interest rate.

CryptoQuant analyst Darkfost stated that after a significant pullback, Bitcoin is currently consolidating in the range of $72,000 to $65,000. This range is active with a large number of whales, long-term holders, and even institutional investors. During deep pullbacks or the later stages of a bear market, investors typically rotate funds back into Bitcoin while reducing their allocation to altcoins. In this round of pullback, the impact on altcoin trading volume has been the most pronounced. Compared to the high of 59.2% of Binance's total trading volume in November, its share has dropped to 33.6% on February 13, with trading activity nearly reduced by 50%. This pattern has also appeared in previous pullback phases, including around April 2025, August 2024, and near the end of the bear market in October 2022. During periods of market uncertainty and rising pressure, Bitcoin's trading volume share tends to increase. In such an environment, investors naturally tend to flow back into BTC, further reinforcing its position as a safe haven for funds and the core benchmark asset of the market.

The cryptocurrency research institution 10X Research points out that although the price of Bitcoin has fallen by 46% from its peak, Bitcoin ETFs have only recorded a net outflow of $8.5 billion, which is a relatively moderate decrease compared to the total assets of the ETFs.The structural characteristics of ETF ownership show that the dominant players are market makers and hedge funds focused on arbitrage, whose positions are mostly hedged or market-neutral rather than directional bets on Bitcoin. Additionally, there is a significant proportion of long-term institutional investors, who have a low turnover rate and longer investment horizons.According to the latest 13F filings for the fourth quarter of 2025, it is estimated that 55-75% of the $61 billion assets of BlackRock's IBIT are still held by market makers and hedge funds focused on arbitrage. During the consolidation period of Bitcoin prices around $88,000 in the fourth quarter of 2025, market makers reduced their exposure by approximately $1.6-2.4 billion, reflecting a decline in speculative demand and a decrease in arbitrage demand.

Cryptanalysis expert Maartunn posted on the X platform, stating that the BTC contract open interest has decreased by 55% from its historical peak, marking the largest drop since April 2023.

According to Cointelegraph, a recent study by TRM Labs shows that despite mainstream cryptocurrency exchanges delisting privacy coins, the activity of Monero remains stable. Research data indicates that transaction usage in 2024 and 2025 is still higher than levels before 2022.TRM Labs noted in its analysis of market trends and underlying network infrastructure that demand has not waned even after many large trading platforms removed or restricted the token due to traceability issues. In 2024, mainstream platforms, including Binance and Kraken, have successively delisted or gradually phased out Monero for compliance reasons. This year, Dubai's financial regulatory authority has prohibited licensed platforms in the Dubai International Financial Centre from listing Monero, Zcash, and other privacy coins, further increasing the pressure.The findings also reveal that Bitcoin remains the preferred currency for real-world ransomware payments. Ransomware operators typically request Monero and sometimes even offer discounts, but victims still tend to pay with Bitcoin. However, the dark web market seems to be evolving in the opposite direction. Researchers found that among new markets launched in 2025, 48% only support Monero, a significant increase compared to previous years.

According to Coinglass data, the total open interest of ETH contracts across the network has decreased by 5.12% in the past 24 hours, with the current total open interest at $23.465 billion. Among them, Binance has an open interest of $5.161 billion, OKX has $1.608 billion, Bybit has $1.935 billion, and Gate has $2.79 billion.

According to Coinglass data, the total open interest of ETH contracts across the network has decreased by 7.51% in the past 24 hours, with the current total open interest at $23.163 billion. Among them, Binance has an open interest of $5.105 billion, OKX has $1.622 billion, Bybit has $1.922 billion, and Gate has $2.696 billion.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.52% in the past 24 hours, with the current total open interest at $23.848 billion. Among them, Binance has an open interest of $5.25 billion, OKX has $1.718 billion, Bybit has $1.941 billion, and Gate has $2.827 billion.

According to The Block, JPMorgan analysts have stated that their estimated production cost of Bitcoin—historically viewed as a "soft price support"—has decreased from $90,000 at the beginning of the year to $77,000, primarily due to a recent decline in network hash rate and mining difficulty.Analysts pointed out that the recent drop in Bitcoin's network hash rate has triggered the largest adjustment in mining difficulty since the Chinese mining ban in 2021, with a cumulative decline of about 15% so far this year. The decrease in difficulty provides breathing room for miners still in operation, as efficient miners are capturing market share lost by high-cost miners who have been forced to shut down. Analysts have observed a rebound in hash rate and expect that production costs may rebound during the next difficulty adjustment.The report attributes the decline in difficulty to two factors: first, the drop in Bitcoin prices has rendered high-cost miners unprofitable; second, winter storms in the U.S. have temporarily halted operations at large mining facilities in places like Texas. Some high-cost miners have maintained operations or transitioned to AI by selling off Bitcoin, exacerbating the price pressure since the beginning of the year. Analysts believe that the exit of high-cost miners has stabilized, and they maintain a "positive" outlook for the overall cryptocurrency market in 2026.