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Bitcoin payment app Strike announced that it experienced a temporary network issue due to higher-than-usual traffic but has since restored service. The company added that it is investigating the cause of the problem.

An address believed to belong to Stani Kulechov, founder of the cryptocurrency lending protocol Aave (AAVE), swapped 4,503 ETH for 8.36 million USDC seven hours ago, according to Onchainlens.

U.S. spot Ethereum ETFs saw a net outflow of $80.79 million on Feb. 5, marking the second consecutive trading day of outflows, according to TraderT. - BlackRock's ETHA: -$8.51 million - Fidelity's FETH: -$55.78 million - Invesco's QETH: +$3.53 million - Grayscale's ETHE: -$27.08 million - Grayscale's ETH (Mini): +$7.05 million

South Korean crypto exchange Korbit has renewed its Virtual Asset Service Provider (VASP) license with the country's Financial Intelligence Unit (FIU), according to an exclusive report from ZDNet Korea. This makes Korbit the second exchange to secure a renewal, following Upbit.

Prediction market platform Kalshi is strengthening its crackdown on insider trading and market manipulation ahead of the Super Bowl, Cointelegraph reported. To do so, the platform will form an independent advisory committee and partner with crypto transaction surveillance platform Solidus Labs to investigate suspicious trades. The volume of Super Bowl-related betting on Kalshi has now surpassed $168 million.

U.S. spot Bitcoin ETFs saw net outflows of $434.29 million on Feb. 5, according to data compiled by TraderT. This marks the third consecutive day of net outflows. No ETFs recorded net inflows on the day. - BlackRock's IBIT: -$175.48 million - Fidelity's FBTC: -$109.48 million - Bitwise's BITB: -$15.62 million - Ark Invest's ARKB: -$23.12 million - Grayscale's GBTC: -$75.42 million - Grayscale's Mini BTC: -$35.17 million

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,962.6 on the Binance USDT market.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $1.42 billion liquidated (84.41% longs) - ETH: $580 million liquidated (79.11% longs) - SOL: $186 million liquidated (88.71% longs)

Insaeng Nekat, a leading South Korean self-photo studio brand, is set to build a Web3-based global photo economy, Asia Business Daily reported. The company plans to convert user-taken photos into digital assets and build a reward system and fandom community around them. Insaeng Nekat has also announced a planned airdrop of its native token, CUTS.

Whale Alert reported that 600,000,000 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $599 million.

Robert Kiyosaki, author of 'Rich Dad Poor Dad', announced on X that he has sold some of his Bitcoin and gold and will now patiently wait for a new market bottom. This follows a previous statement in which he said a sale on gold, silver, and Bitcoin had begun and that he was preparing to buy more. Kiyosaki added that he will post on X when he decides to buy back in, noting that his previous entry points were $6,000 for Bitcoin, $300 for gold, and $60 for silver. He also mentioned that he holds enough Ethereum and plans to purchase more later, emphasizing his investment philosophy that profits are made on the purchase, not the sale.

Risk-off sentiment is spreading across the market as Bitcoin (BTC) repeatedly fails to defend key support levels, according to analysts. The Block reported that Vincent Liu, chief investment officer at Kronos Research, attributed the decline to a combination of excessive leverage liquidations, spot ETF and institutional fund outflows, and a risk-off trend in the macro environment. Liu added that the Bitcoin capitulation indicator had recently reached its second-highest level in the past two years, suggesting that selling pressure in the market may have peaked. BTC Markets analyst Rachael Lucas noted that traders are no longer trying to catch a falling knife and are instead adopting defensive positions. This is supported by sell-offs during every rebound and a sharp decline in trading volume, she said. According to Lucas, as BTC fails to defend major support lines, traders are shifting from a buy-the-dip strategy to a wait-and-see approach.

A bill has been proposed in the U.S. state of Illinois for the state government to hold BTC in reserve, Bitcoin.com reported. The legislation would require the BTC to be stored in multi-sig cold storage and would prohibit its sale or trade without a new legislative process.

Jamie Coutts, a crypto market analyst at Real Vision, warned on X that signs of capitulation are intensifying in the market. He noted that Bitcoin's Implied Volatility Index (BVIV) has reached 88.55, approaching the level of 105 seen during the FTX collapse. Coutts also pointed out that Coinbase recorded its eighth-largest daily trading volume in history at $3.34 billion (approximately 54,000 BTC), while the daily Relative Strength Index (RSI) has fallen to 15.64, a level below the March 2020 COVID-induced crash. "The current margin calls and forced liquidations are typical of a capitulation phase," he analyzed. However, Coutts added that capitulation can be a process lasting from days to weeks, not a single event, suggesting that more time may be needed to confirm a market bottom.

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,955.62 on the Binance USDT market.

An address believed to belong to Ethereum founder Vitalik Buterin has deposited all 9,484.5 ETH that were pending sale into Aave, EmberCN reported. The move is interpreted as a sign that he will not be making additional sales for the time being. He had previously planned to sell 16,384 ETH to support the ecosystem, and has so far sold a total of 6,899.5 ETH ($14.15 million).

According to CoinNess market monitoring, BTC has risen above $66,000. BTC is trading at $66,000 on the Binance USDT market.

BTC has risen by 1.51% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $65,474.17.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,011.89 on the Binance USDT market.

A pattern of whales selling Bitcoin while retail investors are buying has contributed to the asset's price decline, according to an analysis by Santiment. The firm noted that the share of total supply held by whale wallets with 10 to 10,000 BTC has fallen to 68.04%, a nine-month low. These large holders sold a total of 81,068 BTC over the last eight days. In contrast, the proportion of supply held by retail addresses with less than 0.01 BTC has risen to 0.249%, a 20-month high. Santiment described this dynamic as a typical factor in creating a bear market. The firm predicted that whales will likely continue to sell off their holdings and observe from the sidelines until retail investors fully capitulate and exit the market.

Onchainlens reported that Trend Research has sold an additional 11,000 ETH, worth $20.78 million, on Binance. The firm has now deposited a total of 215,588 ETH, valued at $477 million, to the exchange for loan repayments.

BTC mining company Mara Holdings (MARA), formerly Marathon Digital, transferred 1,318 BTC (approximately $86.89 million) to Two Prime, BitGo, and Galaxy Digital over the past 10 hours, Lookonchain reported.

Bitcoin ETF investors are holding onto their assets despite the cryptocurrency's recent price decline, according to Bloomberg ETF analyst Eric Balchunas. In an interview with CoinDesk, Balchunas noted that while BTC has fallen more than 40% from its recent high, BTC ETFs have only seen outflows of 6.6% during the same period. He attributed this to the distinct nature of ETF investors compared to typical crypto traders. Balchunas explained that BTC typically constitutes only 1-2% of their portfolios, lessening the psychological impact of any losses. Furthermore, he suggested that their experience with multiple cycles in traditional asset markets gives them a stronger inclination to hold their positions.

Strategy (MSTR), the Michael Saylor-led company formerly known as MicroStrategy, argued in its latest investor relations materials that its Bitcoin holdings would fail to cover its net debt only in the most extreme scenario of BTC falling to $8,000. The company added that at a reference price of $84,000, its Bitcoin holdings were valued at $59.7 billion, approximately 10 times its net debt of $6 billion. Bitcoin is currently trading at $63,634, down about 24% from the price cited in the materials.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,183.71 on the Binance USDT market.