Annachen

Driven by active on-chain activity and bullish futures positions, Bitcoin Cash (BCH) price surged 20%, reaching a high of $544 intraday. Between February 1 and 17, the number of trades increased from 9,769 to 14,240, with BCH transfer volume reaching $119.76 million, indicating active whale trading. In the derivatives market, positive funding rates and approximately $1.5 million in short liquidations (far exceeding long liquidations) suggest a strong bullish bias. However, declining hash rate and $1.1 million in spot selling could pose potential resistance to this rally.

According to a tweet from crypto research firm Santiment: Bitcoin market sentiment has shifted from "when will it rebound" to "how low can it go." Santiment data shows that when social media discussions focus on the $50,000-$60,000 range, the market is in a state of fear; while discussions around $90,000-$100,000 reflect greed. Since the market often moves counter to public expectations, the likelihood of a short-term rebound is increasing as retail investors generally believe Bitcoin will fall below $60,000.

Trump Media & Technology Group confirms that its planned digital token project will undergo equity registration on February 2, 2026. At that time, qualified shareholders holding at least one share of DJT stock will receive non-transferable digital tokens, which will provide platform access and rewards for participating in exclusive events of its various brands. The company explicitly states that these tokens do not represent equity, are non-transferable, and are not investment instruments, thereby distinguishing this corporate plan from speculative, tradable Trump-related crypto assets.

Companies like Amazon and Pinterest claim that by 2025, more than 50,000 jobs will be cut due to artificial intelligence. However, a report from Forrester warns of an "AI whitewashing" phenomenon, where companies lay off employees under the guise of AI without having mature AI applications, often masking other financial issues. Analysts point out that blaming layoffs on AI-driven factors is more likely to "please investors" than admitting business difficulties.

Senior cryptocurrency investor and ARK Invest CEO Cathie Wood emphasizes that Bitcoin has a low correlation with gold (0.14 since 2020), which is a key advantage for diversification. Meanwhile, ARK's research director notes that the market value of gold has reached 170% of the US M2 money supply, hitting a record high, a level traditionally seen as a sign of economic pressure and a potential turning point. ARK Invest, where Wood is based, was among the first to adopt Bitcoin in 2015. The company maintains a target price of $1 million for Bitcoin by 2030 and continues to invest in cryptocurrenc