Daily News | Bitcoin fluctuated upward to $98,000, CAR price dropped by more than 80%

Crypto Daily Digest: Tesla disclosed BTC holdings for the first time, and Analysis shows Bitcoin price is close to bottoming out

According to Farside Investors data, yesterday, the U.S. Bitcoin spot ETF had a net outflow of $71.6 million, of which Grayscale GBTC had an outflow of $46.3 million, and BlackRock IBIT had no inflow or outflow of funds; the U.S. Ethereum spot ETF had a net outflow of $22.5 million, of which Grayscale ETHE had an outflow of $22.5 million.

Bloomberg analyst: Litecoin and Dogecoin spot ETFs have the highest probability of approval

On February 11, Eric Balchunas, senior ETF analyst at Bloomberg, published an article predicting the probability of spot crypto ETFs being approved in 2025. Among them, Litecoin (LTC) and Dogecoin (DOGE) are most likely to be approved, with probabilities of 90% and 75% respectively. Solana (SOL) is 70%, and XRP is lower, at 65%.

Tesla officially disclosed its BTC holdings for the first time, totaling 11,509 BTC

According to the 10-K document submitted by Tesla to the SEC, Tesla holds a total of 11,509 BTC, which is the first time that Tesla has officially disclosed its BTC holdings. This is consistent with the number of holdings previously disclosed by Arkham.

Viewpoint: Bitcoin price has reached a local bottom

Recently, analyst James Van Straten wrote that Bitcoin mining difficulty hit a record high of 114.7 T after the weekend adjustment, an increase of 5.61% from the last difficulty adjustment. This change coincides with the timing of the Hash Ribbon indicator sending a signal of miner surrender. The Hash Ribbon is a market indicator that often forms when miners capitulate — when mining costs exceed profitability — suggesting a local bottom could be in for Bitcoin. Miner capitulation began in early February, according to Glassnode data. Bitcoin is down more than 4% so far this month. Historically, when this indicator sends a capitulation signal, it usually marks a local bottom in price. If this pattern holds, Bitcoin’s bottom could be around $91,000. The last capitulation signal appeared in October 2024, followed by a 50% surge in Bitcoin.

Market Trends: CAR price fell by more than 80%, Analog rose by more than 937% in 24 hours

Market Hotspots

The CAR token fell more than 80% due to fraud allegations. The token was launched on February 10 and claimed to be an experimental initiative launched by Central African Republic President Archange Touadéra to stimulate economic growth. Once released, it attracted great interest from investors and is currently trading at around $0.06. Critics questioned its legitimacy and sustainability.

Analog token (ANLOG) rose by 937% in 24 hours, and then plunged sharply, now at $0.005412. Analog is a fully decentralized layer 0 platform for communicating verified event data through a time proof consensus mechanism.

TROL announces token economics, airdrops 25% of total tokens. DeSci token TROL announces token economics, airdrops 25% of total tokens to DeSci token holders on the Solana chain, and the other 75% is used for the community and LP (30% for Bonding Curve launch, 15% for the team share, 20% for the liquidity pool and 10% for marketing expenses). The project is about to launch TGE.

Mainstream Coins

BTC fluctuated upward and broke through $98,000 during the session. However, the continued fluctuation below $100,000 still made the market sentiment depressed, and the market’s wealth creation effect was still weak.

ETH followed the broader market and broke through $2,700 during the session, but the market’s pessimistic sentiment towards ETH remains.

Altcoins generally rose, driven by the rising sentiment of BTC, with AI Agents and DeFAI both rising by more than 18%.

Macro news: The three major U.S. stock indexes all rose, and the New York Federal Reserve released the latest monthly survey

The three major U.S. stock indexes all rose. The S&P 500 index closed up 40.45 points, or 0.67%, at 6,066.44 points. The Dow Jones Industrial Average, which is closely related to the economic cycle, closed up 167.01 points, or 0.38%, at 44,470.41 points. The Nasdaq, which is dominated by technology stocks, closed up 190.87 points, or 0.98%, at 19,714.27 points. The Nasdaq 100 closed up 1.24%. The Nasdaq Technology Market Capitalization Weighted Index (NDXTMC), which measures the performance of the Nasdaq 100 technology industry components, closed up 1.55%.

The New York Federal Reserve released the latest monthly survey results, showing that due to the Trump administration’s upcoming announcement of tariff measures, the U.S. one- to three-year inflation expectations remained stable at 3% in January, and the five-year inflation expectations rose from 2.7% to 3%, the highest level since May last year. After the inflation data of the Michigan Consumer Survey exploded last Friday, the latest survey of the Federal Reserve gave the market some comfort.