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A whale holding a 15x leveraged ETH long position reduced their average entry price through "do T" operations. Despite facing a floating loss of $6.27 million and the risk of liquidation, they still hold a position worth $116 million. The current market sentiment is pessimistic, with key levels at $2,000 and $1,800. This case reflects the risks of high leverage trading and market speculation.

On February 13th, the crypto market's bearish sentiment towards Bitcoin intensified, with 66% of participants believing it could drop to $50,000, while 68% think it will rebound to $80,000. Standard Chartered Bank has downgraded its target price for Bitcoin, warning of potential further declines. Macroeconomic pressures are increasing, investors face significant risks, market volatility is intensifying, and it is recommended to stay cautious and focus on risk management.

In early February, the market was sluggish. Currently, the funding rates for Bitcoin and Ethereum are rising, indicating a weakening of bearish sentiment. Although prices are still in correction, the market structure may be quietly shifting, but caution is advised as liquidity has not yet recovered. Investors should pay attention to market signals and optimize asset allocation to prepare for potential trend changes in the future.

Tonight, the United States will release the January Consumer Price Index (CPI) report. Market expectations are generally that the data will exceed expectations due to the "January effect" causing higher inflation. The Bureau of Statistics will recalculate the seasonal adjustment factors, which may make data interpretation more complex. CPI data fluctuations have a significant impact on the crypto market, and investors should be alert to potential market volatility.

Recently, the Bitcoin market experienced a correction, sparking rumors about BlackRock's IBIT hedge fund collapsing. BlackRock executives clarified that the fund's redemption volume is only 0.2%, and pointed out that the market selling pressure mainly comes from high-leverage contracts rather than spot ETFs. Institutional investors are taking advantage of the dip to buy in, demonstrating strong confidence in the market. Overall, short-term market volatility is evident, but the long-term trend remains bullish.

Pudgy Penguins' collaboration with Visa to launch the Pengu Card marks a transformation in crypto payments, allowing users to spend crypto assets directly and earn substantial rewards. This trend indicates that cryptocurrencies are gradually shifting from investment tools to everyday currencies, while also driving rapid growth in the payment card market, attracting more users and investments. Although the PENGU token is currently experiencing weak prices, the new payment model could change its market performance.

Polymarket is about to launch a "1-minute cryptocurrency price movement" prediction market. Along with the launch and airdrop plan for the POLY token, it will transform predictions from "events" into continuous sentiment pricing. This upgrade not only increases trading frequency but also attracts quant teams and AI participation, changing the way the market interacts. The POLY token could become the trading fuel and incentive asset within the ecosystem.

In February 2026, the crypto market sentiment was subdued, with Bitcoin prices hovering around $67,000. Despite the SSR indicator rebounding, indicating a recovery in market liquidity, the Gate platform experienced a net inflow of Bitcoin against the trend. Analysts warn that the current rebound has not yet established a trend; attention should be paid to whether the SSR can stabilize above the zero line within 2-3 weeks to confirm a potential market rebound.

In February 2026, after the Hong Kong Consensus Conference, physical assets such as aircraft engines and commercial bills successfully achieved blockchain tokenization, with the total RWA market capitalization reaching $24.72 billion and over 840,000 holders. This marks the acceleration of the liquidity revolution, and in the future, tokenized assets could impact $16 trillion. The development of a compliant framework is paving the way for industry mainstream adoption, and the diversification of RWA narratives will drive efficient capital flow.

Ethereum's staking rate surpasses 30%, reaching a record high, indicating enhanced network security. Although ETH prices hover between $1900 and $2000, over 4.1 million ETH are waiting to be staked, reflecting tight market liquidity and a trend of increased long-term confidence. Future valuation of ETH should focus on on-chain data and trading sentiment.

The Aave community's "100% Revenue Contribution" framework proposed in early 2026 has restructured the business model, promising to allocate all product revenue to the DAO treasury, while also applying for $50.7 million in funding. The proposal has sparked governance controversy and market volatility, especially regarding issues of governance rights and revenue definitions. The community has suggested phased voting and independent audits as corrective measures. V4 will be a significant upgrade for DeFi, with transparency and effectiveness in governance being particularly crucial.

World Liberty Financial (WLFI) launches the "World Swap" foreign exchange and cross-border transfer platform, aiming to revolutionize traditional remittance methods with USD1 stablecoin, reduce transaction costs, and enhance liquidity. WLFI creates a financial matrix centered around USD1, challenging the liquidity and regulatory issues faced by the traditional foreign exchange market. Despite political risks and token distribution controversies, market sentiment remains bullish. The success of WLFI will depend on its ability to successfully address these dual challenges.

Gate DEX launches a trading monitoring tool designed to help Meme beginners simplify trading decisions, support the creation and sharing of address collections, and make profit data transparent. Users can track the performance of successful investors, utilize social platforms and real-time monitoring features to easily access and share trading strategies, thereby lowering the barrier to decision-making.

By February 2026, the gap between ETH market cap and USDT market cap has significantly narrowed. McGlone warns that if ETH falls below $1,500, its market cap could be surpassed by USDT. Tether's growth diverges from the decline in risk asset prices, indicating a change in market structure. Additionally, if Bitcoin drops to $10,000, USDT could even surpass Bitcoin. The market faces challenges in redefining value storage and increasing regulatory pressure.

In February 2026, at the Hong Kong Consensus Conference, BlackRock executives stated that if Asian investment portfolios allocate 1% to cryptocurrencies, it could bring nearly $2 trillion in new capital inflows. As an integrated Web3 platform, Gate has become a key infrastructure for this capital flow, leveraging its user base and trading depth. Meanwhile, Asian capital is moving toward compliance, institutionalization, and leading projects, which is expected to drive a revaluation of the crypto market. Gate is deepening its smart financial infrastructure to reduce the complexity of traditional capital allocation.

In February 2026, the world's largest asset management firm, BlackRock, made a significant vote of confidence in decentralized finance. By deploying its $2.2 billion tokenized U.S. Treasury bond fund BUIDL to Uniswap X and simultaneously strategically purchasing Uniswap's native governance tokens.

Solana is positioning the Asia-Pacific market as a core part of its global strategy by launching the Solana Accelerate APAC program to highlight infrastructure development in Asia. Additionally, regulatory changes in Hong Kong present opportunities for expansion, and high user acceptance and low psychological barriers make Solana more attractive. Moving forward, closely monitoring collaborations between Asian internet companies and Solana, as well as compliant asset issuance, will be key.

On February 13, 2026, the cryptocurrency market rebounded slightly after the sell-off in the US stock market, but Standard Chartered Bank lowered its Bitcoin target price to $100,000 and warned of a possible dip to $50,000. Despite facing ETF capital outflows and tightening macro liquidity, the market structure is different from the 2022 crash, and whale wallets have started accumulating Bitcoin. Investors should watch the support levels at $65,000 and $58,000.

Bitwise CEO Hunter Horsley revealed that a wealth management client invested $11 million in Bitcoin during the market correction, reflecting that professional investors view pullbacks as entry opportunities. The mindset of institutional investors has shifted, and they have become accustomed to volatility and evaluate Bitcoin's value from a long-term perspective. This trend indicates that the crypto market is maturing, with a significant increase in institutional funds, which helps stabilize the market.