The PoW public chain Psy Protocol officially deploys its public Testnet, integrating internet-level scale and speed while maintaining Bitcoin-level security.

Will Bitcoin have a "red envelope market" during the 2026 Spring Festival? A review of the past 10 years of Bitcoin's Spring Festival price increases

Spring Festival is approaching, and attention is on BTC red envelope market. Over the past 10 years, 9 of those years have seen gains with an average of 11%, with the strongest increase of 24.7% in 2018, driven by year-end bonuses and red envelopes. However, ARK investment managers say the structure has changed, with ETFs absorbing 12% of supply and volatility dropping to 36%. Institutional re-accumulation has altered the explosive growth pattern, with ARK targeting a $1.5 million price in a bull market scenario by 2030.

Kazakhstan Shifts $350M in Gold Reserves Into Bitcoin

Kazakhstan is cautiously entering the crypto market, with its National Bank allocating up to $350 million for a national investment fund focused on crypto hedge funds, ETFs, and related companies, rather than directly purchasing Bitcoin. This strategy diversifies exposure while maintaining reserve security.

Hyperliquid's top 3 Bitcoin short addresses are currently in profit of $2.434 million, holding 278.76 BTC with 40x leverage short positions.

Odaily Planet Daily reports that on-chain analyst Ai Yi has monitored that the top 3 addresses with the largest short positions in Hyperliquid BTC (0xd62…b7d91) have an unrealized profit of $2.434 million. Since February 2, this address has been shorting BTC and currently holds a short position 40 times larger than 278.76 BTC, worth approximately $18.51 million, with an average opening price of $75,150.5.

How Does 2026 Chinese New Year Affects Bitcoin?

Chinese New Year historically triggers predictable Bitcoin patterns: 20% pre-holiday selloffs followed by 33% recoveries. According to 10x Research, buying BTC three days before and selling 10 days after generated 11% average ROI historically. China's 59.1 million crypto holders liquidate positions to fund celebrations, creating liquidity void that algos exploit.

Bitcoin's New Year Price History: 2026 Crash Coming?

Bitcoin's New Year prices surged from $314 in 2015 to $94,419 in 2025—30,000%+ gains despite 70%+ drawdowns. However, the 2026 New Year opening at $87,508.40 marks 7.3% decline from 2025, validating analyst warnings of correction toward $69,700-$71,400 support zone.

Trading Time: AI Panic Escalates Ahead of CPI, Bitcoin Fluctuates and Bottoms Out, Difficult to Reproduce "Spring Festival Market"

Daily Market Highlights and Trend Analysis, produced by PANews. 1. Market Observation The current macro market is experiencing a profound confidence crisis triggered by AI, with the narrative shifting from "AI frenzy" to "AI panic." Investors are no longer focused on who will benefit but are instead worried about which industries will be disrupted and replaced. On Thursday, financial markets experienced a broad sell-off, with US stock market capitalization evaporating by $1 trillion. Cisco plummeted 12% after releasing weak profit margin guidance. The Nasdaq dropped over 2%, the S&P 500 declined 1.57%, breaking below the 50-day moving average, and the Dow Jones Industrial Average fell below 50,000 points. The seven tech giants all declined, with Apple dropping over 5%, losing approximately $202 billion in market value in a single day. Amazon's stock price, after eight consecutive days of decline, officially entered a technical bear market on Thursday, down 21.4% from its high. Industry insiders expect NVIDIA's February 25 earnings report to become an important event in the AI field.