Market Signal Briefing

Bitcoin price entered Friday under pressure as $2.1 billion in options contracts approach expiry.

Summary

A large Bitcoin options expiry is approaching with limited upside support. Most call positions sit far above current prices, reducing hedging demand. Traders are watching whether $60K can hold after the contracts settle. Bitcoin is facing another key test as a large batch of derivatives contracts reaches maturity. Bitcoin options worth about $2.1 billion are set to expire at 8:00 a.m. UTC on Feb. 6, according to data from Deribit.

About 34,000 contracts are covered by the expiry, which comes at a time when market sentiment is still shaky. Call options still outnumber puts, as shown by the put-to-call ratio, which is close to 0.60.

This implies that a large number of traders had positioned themselves for higher Bitcoin (BTC) prices in earlier weeks. The so-called max pain level, where most option buyers would lose money, sits around $80,000. That level is well above current market prices.

Ethereum (ETH) options worth about $390 million are also expiring alongside BTC options. These contracts have a put-to-call ratio of 1.01 and a max pain level near $2,450.

Bitcoin has struggled to regain its footing after dropping to an intraday low of $60,286, later stabilizing in a narrow $63,000–$65,000 range. Due to a mix of forced liquidations and widespread rotation from risk assets, the cryptocurrency is now nearly 50% below its 2025 high of above $126,000. 

How Bitcoin options expiry could affect price While many put options are already profitable, the majority of call options are far out of the money with max pain close to $80,000.This setup limits the usual pull toward the max pain level that sometimes appears around major expiries.

In simple terms, dealers and large traders have little incentive to push prices higher to protect call positions. At the same time, there is limited pressure to buy Bitcoin for hedging purposes. As a result, price action after the expiry may stay soft and follow the existing trend.

If selling pressure continues, the market could drift back toward nearby support levels rather than stage a strong rebound.

Analysts are watching the $60,000 area closely. This zone has acted as short-term support during recent sell-offs. A sustained break below it could deepen losses, while a firm hold may allow for a temporary bounce.

Bitcoin price technical analysis Bitcoin has clearly broken below the 100-day moving average, which served as trend support for the majority of 2025.  Several recovery attempts failed near $83,000, showing strong selling interest at higher prices.

The price structure has now flipped lower following a range breakdown and a clear lower high. As Bitcoin fell below the lower Bollinger Band, the decline accelerated, suggesting disorderly selling rather than consistent profit-taking. 

Bitcoin daily chart. Credit: crypto.news The weakness is confirmed by momentum indicators. The relative strength index fell below levels observed in previous cycles, approaching 20. No bullish divergence has appeared, and many sessions closed near their lows. This suggests limited interest from dip buyers.

A former support zone around $75,000 failed to hold. With that area broken, attention has shifted to the $60,000 level as the next major psychological support.

If $60,000 holds on a daily close, short-term relief rallies could develop as selling pressure eases. In that case, price may move toward the $70,000 to $75,000 range, where past support has turned into resistance. Without a recovery above the 100-day average near $83,000, such moves would likely stay corrective.

If $60,000 breaks and price settles below it, the market could open the path toward the mid-$50,000 region. Under that scenario, downside momentum would remain intact, and sentiment-driven rebounds may struggle until the overall structure improves.

(NYSE AMERICAN:CMCL; AIM: CMCL; VFEX: CMCL) SAINT HELIER, JE / ACCESS Newswire / February 6, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on February 4, 2026 that Ms Lesley Goldwasser, a non-executive director of Caledonia, had purchased 3,500 common shares in the Company on February 3, 2026 at a price of $29.78 per share. A copy of the notification is below.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BILL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of agilon health, inc. (NYSE: AGL) between February 26, 2025 and August 4, 2025, both dates inclusive (the "Class Period"), of the important March 2, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

So what: If you purchased agilon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the agilon class action, go to https://rosenlegal.com/submit-form/?case_id=46039 mailto:mailto:or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 2, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the Case: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants recklessly issued guidance for 2025 that they knew or should have known was not going to be achieved, given material industry headwinds of which they were aware; (2) defendants materially overstated the immediate positive financial impact from "strategic actions" taken by agilon to reduce risk; and (3) as a result, defendants' statements about agilon's business, operations, and prospects were materially false and/or misleading at all times. When the true details entered the market, the lawsuit claims that investors suffered damages. 

To join the agilon class action, go to https://rosenlegal.com/submit-form/?case_id=46039   or mailto:call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY  10016
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SOURCE THE ROSEN LAW FIRM, P. A.

Stellantis Reports Q4 2025 Estimated Consolidated Shipments of 1.5 Million Units, +9% y-o-y

North America Shipments Up 43%, with South America, Middle East & Africa and China and India & Asia Pacific Also Reporting Growth AMSTERDAM, February 6, 2026 – Stellantis N.V. today released its consolidated shipment estimates. The term “shipments” describes the volume of vehicles delivered to dealers, distributors, or directly from the Company to retail and fleet customers, which drive revenue recognition.

Consolidated shipments for the three months ending December 31, 2025, were an estimated 1.5 million units, a 9% increase y-o-y. This increase was primarily driven by North America and further supported by year‑over‑year shipment growth in South America and in the Middle East & Africa. This was partially offset by a decline in Enlarged Europe due to a combination of a contracting LCV market and competitive pressures.

In North America, Q4 shipments grew by approximately 127 thousand units compared to the same period in 2024, representing a 43% y-o-y increase. This significant improvement reflects the benefits of normalized inventory dynamics, in comparison to the prior year’s inventory reduction initiative, as well as increased momentum in the region with Q4 ’25 orders up nearly 150% y-o-y, driven largely by new and refreshed offerings from Jeep®, Ram and Dodge brands. Shipments of the refreshed Jeep® Grand Cherokee and Ram LD HEMI® V8 accounted for over 30% of y-o-y growth, partially offset by a decrease in PHEV shipments. Enlarged Europe reported a decrease of approximately 26 thousand units, or 4% y-o-y. PC and LCV shipments each contracted. Increased shipments of the four Smart Car platform nameplates (Citroën C3, C3 Aircross, Opel Frontera, Fiat Grande Panda), rose 61 thousand additional units, or 127% y-o-y, due to progress rolling out each of the products, in an expanding range of BEV, MHEV, and ICE powertrain variants. This was not sufficient to reverse an overall drop of 21 thousand units in PCs, or 4% y-o-y, primarily driven by Peugeot, whose shipments were down approximately 30 thousand units, due to declining volumes of Peugeot 208 and of Peugeot 308, ahead of its recent MCA. In addition, LCV volumes were down by 5 thousand units, or 3% y-o-y, against a market context of 7% y-o-y industry volume decline. Across Stellantis’ other regions, shipments grew 24 thousand units net in aggregate, representing a 6% increase y-o-y, mainly driven by an 18 thousand units increase in South America (+7% y-o-y), and an increase of three thousand units each in both Middle East & Africa (+2% y-o-y) as well as China, India & Asia Pacific (+20% y-o-y). Stellantis maintained its leadership in South America, with a 7% increase y-o-y supported by solid demand in Brazil. Growth in the Middle East & Africa was primarily driven by positive developments in Türkiye, and to a lesser extent, by both the ramp‑up of local production in Algeria, and continued growth in Morocco. NOTES

(1)      Consolidated shipments only include shipments by Company’s consolidated subsidiaries, which represent new vehicles invoiced to third party (dealers/importers or final customers). Consolidated shipment volumes for Q4 2025 presented here are unaudited and may be adjusted.

(2)      Middle East & Africa exclude Iran, Sudan and Syria. From 2025, this excludes Israel and Palestine (prior periods have not been restated). Enlarged Europe: From 2025, this includes Israel and Palestine (prior periods have not been restated).

# # #

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a leading global automaker, dedicated to giving its customers the freedom to choose the way they move, embracing the latest technologies and creating value for all its stakeholders. Its unique portfolio of iconic and innovative brands includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. For more information, visit www.stellantis.com

@StellantisStellantisStellantisStellantis For more information, contact:

[email protected]

Fernão SILVEIRA +31 6 43 25 43 41 – [email protected]

[email protected]
www.stellantis.com

  Stellantis Forward Looking Statements 

This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. 

Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2024 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties. 

Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM. 

EN-20260206-Stellantis-Q4-2025-Shipments-Estimates

A view shows the logo of the company Orsted at its offices in Gentofte, Denmark September 5, 2025. REUTERS/ Tom Little/File Photo Purchase Licensing Rights, opens new tab

CompaniesCOPENHAGEN, Feb 6 (Reuters) - Denmark's Orsted (ORSTED.CO), opens new tab reported on Friday a fourth-quarter profit before depreciation, amortisation, excluding new partnerships and cancellation fees slightly below estimates and said it expected core profit for 2026 above 28 billion Danish crowns ($4.42 billion), matching a target shared in January.

"We're focusing on offshore wind in Europe and select markets in APAC (Asia-Pacific) where we'll continue to build on our position as the global leader in offshore wind," the company said in a statement.

Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here.

Operating profit before interest, tax, depreciation and amortisation (EBITDA), excluding new partnerships and cancellation fees rose to 8.10 billion Danish crowns from a year-earlier 7.55 billion, just below an average forecast of 8.24 billion in a company provided poll.

($1 = 6.3294 Danish crowns)

Reporting by Louise Rasmussen, editing by Anna Ringstrom and Terje Solsvik

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Deal talks between miners Rio Tinto and Glencore came to nothing as differences on price couldn't be bridged.

By Reuters

February 6, 20267:18 AM UTCUpdated 5 mins ago

The logo of Stellantis sits on the company's building in Poissy, near Paris, France, February 26, 2025. REUTERS/Stephanie Lecocq Purchase Licensing Rights, opens new tab

CompaniesMILAN, Feb 6 (Reuters) - Stellantis (STLAM.MI), opens new tab said on Friday it was booking charges of around 22.2 billion euros ($26.5 billion)in the second half of last year as the Franco-Italian automaker scales down electric-vehicle development plans and launches a "strategic shift".

The company said it now saw a preliminary loss of between 19-21 billion euros in the second half of 2025.

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.

($1 = 0.8477 euros)

Reporting by Giulio Piovaccari, editing by Gavin Jones

Our Standards: The Thomson Reuters Trust Principles., opens new tab

BILL Holdings, Inc. (BILL) Q2 2026 Earnings Call Transcript

The stock is priced for a quantum future that may be decades away.

Rigetti Computing (RGTI 12.54%) has caught investors' attention. It's one of the few quantum computing companies with its own manufacturing facility, and it's shown it can deliver some impressive technology. If quantum computing delivers on its promise, Rigetti would be one of the names you'd want to own.

Today's Change

(

-12.54

%) $

-2.15

Current Price

$

15.04

The "when" is important The company has a market capitalization north of $5.8 billion, yet its sales in the last 12 months total just $7.5 million. That is a serious disconnect. Investors are pricing in a massive amount of future growth and, in my opinion, are too optimistic about the quantum computing's development timeline.

A recent MIT report said that large-scale commercial applications -- the kind that justify multibillion-dollar market caps -- likely remain "far off." Morningstar agrees; its analysis puts general-use quantum computing two decades away.

Image source: Getty Images.

The bottom line for investors While stranger things have happened, I wouldn't count on a quantum computer from Rigetti or other pure-plays like it coming close to justifying their current valuations for a very long time.

And along the way, the company must continually find funding that will likely be dilutive to shareholders. I think there are better opportunities out there that offer upside without the massive downside risk -- Alphabet would be where I'd put my money.

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.

Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant plunged more than 11% in extended trading after the company reported fourth-quarter earnings that missed expectations.

The bigger jolt, however, came from Amazon's enormous capital expenditure projection — $200 billion, far above analysts' estimates of $146.6 billion and sharply higher than the roughly $131 billion in 2025.

That figure also dwarfs Alphabet's projected capex range of $175 billion to $185 billion, which already gave traders and analysts pause. The message from markets was clear: Investors are growing wary of how much Big Tech is spending to chase the next phase of artificial intelligence, even as Amazon CEO Andy Jassy said he was "confident" of seeing a "strong return on invested capital."

Soaring capex and fears that AI is eroding the value of software firms contributed to a tech sell-off on Thursday. The Nasdaq Composite fell 1.59% on declines in Nvidia, Oracle and Qualcomm, among others. Stocks were further pressured by high U.S. layoffs in January. The S&P 500 dropped 1.23%, putting it in the red for 2026, and the Dow Jones Industrial Average retreated 1.2%.

But not everyone sees a sector in trouble. Dan Ives of Wedbush Securities said in a research note on Wednesday that the sell-off reflected an "Armageddon scenario for the sector that is far from reality." 

The market decline, however, is "a positive sign" for Stephen Tuckwood, director of investments at Modern Wealth Management, who argued that it signals "the market is discerning at this point rather than just irrational exuberance."

Perhaps reflecting some of that discernment, Bitcoin briefly sank below $61,000 as of Thursday evening stateside, its lowest level since November 2024, though it recouped some losses and is trading at $65,208 at 2:40 p.m. Singapore (1:30 a.m. ET). Other cryptocurrencies, such as Ether and Solana, have also been losing ground this week.

In Europe, U.K. government bonds, known as gilts, could face renewed pressure as questions swirl around British Prime Minister Keir Starmer's grip on power.

Starmer is under fire over the prior appointment of Peter Mandelson as U.K. ambassador to the U.S despite knowing of his links to the disgraced financier Jeffrey Epstein. Punters are raising their bets that Starmer could lose his leadership role by the end of the year — and the Bank of England Governor Andrew Bailey told CNBC the fiasco is adding to global uncertainty.

— CNBC's Annie Palmer contributed to this report.

What you need to know todaySilver's volatility has exceeded 100%. Strategists at UBS noted the recent plunge appeared driven more by a broader risk-off move than a collapse in fundamentals, but warned that extreme volatility makes near-term positioning risky. 

India is 'ready' to buy Boeing planes worth up to $80 billion, India's Commerce and Industry Minister Piyush Goyal reportedly said, signaling New Delhi's willingness to expand trade with the U.S. Goyal also said that there was potential to buy $500 billion worth of goods from the U.S. over the next five years.

U.S. citizens should ‘leave Iran now,’ according to a security alert issued by the U.S. Virtual Embassy in Tehran on Friday. The notice comes ahead of U.S.-Iran talks in Oman on Friday, with little indication that the two sides have found common ground on the meeting's agenda.

The S&P 500 is in negative territory for 2026, after the index posted losses on Thursday. Other major U.S. indexes also fell on a sell-off in tech stocks. Asia-Pacific markets mostly fell Friday. South Korea's Kospi lost roughly 1.5%, paring earlier losses of as much as 5%. Japan's Nikkei 225, however, added 0.8%.

[PRO] Is the AI bubble popping itself? The question preoccupying Wall Street this week: Is the software sell-off overdone, or does it signify the start of a bubble bursting?

And finally...

e.l.f. Beauty delivered a strong Q3, beating EPS by ~70% and raising FY26 revenue and EPS guidance. ELF's 38% YoY top-line growth was driven by the Rhode acquisition, while organic net sales grew 2% and international sales surged 44%. Gross margin remained robust at 71%, with operational leverage and market share gains despite tariff and consumer headwinds.

Q4: 2026-02-05 Earnings SummaryEPS of $2.21 beats by $0.27

 |

Revenue of

$1.06B

(2.03% Y/Y)

beats by $42.17M

Boyd Gaming Corporation (BYD) Q4 2025 Earnings Call February 5, 2026 5:00 PM EST

Company Participants

David Strow - Vice President of Corporate Communications
Keith Smith - President, CEO & Director
Josh Hirsberg - Executive VP, CFO & Treasurer

Conference Call Participants

Patrick Keough - Truist Securities, Inc., Research Division
David Katz - Jefferies LLC, Research Division
Benjamin Chaiken - Mizuho Securities USA LLC, Research Division
Maxwell James Marsh - CBRE Securities, LLC, Research Division
Steven Wieczynski - Stifel, Nicolaus & Company, Incorporated, Research Division
Jordan Bender - Citizens JMP Securities, LLC, Research Division
Daniel Politzer - JPMorgan Chase & Co, Research Division

Presentation

David Strow
Vice President of Corporate Communications

Good afternoon, and welcome to the Boyd Gaming Fourth Quarter and Full Year 2025 Earnings Conference Call. My name is David Strow, Vice President of Corporate Communications for Boyd Gaming. I will be the moderator for today's call, which we are hosting on Thursday, February 5, 2026.

[Operator Instructions] Our speakers for today's call are Keith Smith, President and Chief Executive Officer; and Josh Hirsberg, Chief Financial Officer. Our comments today will include statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All forward-looking statements in our comments are as of today's date, and we undertake no obligation to update or revise the forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. There are certain risks and uncertainties, including those disclosed in our filings with the SEC that may impact our results.

During our call today, we will make reference to non-GAAP financial measures. For a complete reconciliation of historical non-GAAP to GAAP financial measures, please refer to our earnings press release and our Form 8-K furnished to the SEC today, both of which are available at investors.boydgaming.com. We do not provide a reconciliation of forward-looking non-GAAP financial measures due

Bitcoin miner Marathon Digital Holdings (MARA) transferred 1,318 BTC worth approximately $86.89 million to a mix of counterparties and custody destinations over the past 10 hours, according to onchain data tracked by Arkham. The large bitcoin movements have caught traders’ attention as crypto markets remain volatile following a liquidation-driven selloff earlier this week.

The largest portion of the transfer was sent to Two Prime, a well-known crypto credit and trading firm. One transaction moved 653.773 BTC, valued at around $42.01 million at the time, to a wallet tagged as belonging to Two Prime. Just minutes later, MARA followed up with an additional transfer of 8.999 BTC worth roughly $578,000 to the same counterparty. These transactions suggest a potential collateral posting, treasury adjustment, or strategy rotation rather than an immediate spot market sale, though market participants are watching closely.

In addition to the Two Prime transfers, MARA sent 200 BTC and 99.999 BTC to a BitGo-tagged address in separate outbound transactions. Together, those transfers totaled about $20.4 million. Another 305 BTC, worth approximately $20.72 million at the time, was moved to a newly created address, adding further speculation around custody reshuffling or internal treasury management.

The timing of these bitcoin transfers is particularly notable. Crypto markets have been swinging sharply, and traders remain sensitive to any signs that miners may be turning into forced sellers. While large miner-related transactions are often routine and not necessarily bearish, they are frequently interpreted as potential supply signals in thin or fragile market conditions.

These movements also come during a challenging period for bitcoin miners. Bitcoin is down nearly 50% from last year’s peak above $126,000 and is currently trading near $60,000. According to CoinDesk and data from Checkonchain, bitcoin is now roughly 20% below its estimated average production cost of around $87,000 per BTC. Historically, sustained trading below production cost has been associated with broader bear market conditions, increasing financial pressure across the mining sector and keeping investor attention firmly on miner behavior.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Bitcoin treasury firm Metaplanet has reaffirmed its commitment to accumulating Bitcoin even as the BTC price experiences a sharp downturn. During early Asian trading hours on Friday, Bitcoin briefly dropped to around $60,000 before rebounding toward the $63,000 range, extending a broader bearish trend that has wiped billions from institutional crypto portfolios.

In a recent post on X, Metaplanet CEO Simon Gerovich addressed growing concerns among investors and acknowledged the pressure shareholders are facing amid declining stock prices. Despite these challenges, Gerovich emphasized that the company’s long-term Bitcoin strategy remains unchanged. He stated that Metaplanet will continue to steadily purchase Bitcoin, expand its revenue streams, and position itself for the next stage of growth, regardless of short-term market volatility.

The renewed assurance comes at a time when Metaplanet is dealing with millions of dollars in unrealized losses due to the ongoing Bitcoin price correction. These losses have also impacted the firm’s stock performance, with shares reportedly falling by about 8% at the start of Friday’s trading session. Still, the company appears unfazed, choosing to prioritize its conviction in Bitcoin over near-term financial pain.

Metaplanet is not alone in this approach. Other Bitcoin treasury firms, including Michael Saylor’s Strategy, have also reported significant unrealized losses. Recent reports indicate that Strategy is facing more than $4.5 billion in paper losses as its MSTR stock continues to decline alongside Bitcoin’s price. Like Metaplanet, Saylor has repeatedly stated that his company will continue buying Bitcoin despite the market downturn.

Meanwhile, market sentiment remains cautious. Data from Polymarket suggests that around 76% of traders expect Bitcoin to fall below $55,000 in the near term. Bitcoin has already lost nearly half of its value since reaching its previous all-time high in October, raising concerns about further downside risk. Some analysts, including those at Stifel, have warned that Bitcoin could potentially drop as low as $38,000, citing historical bearish cycles such as those seen in 2018 and 2022.

Despite these gloomy forecasts, firms like Metaplanet continue to view the current Bitcoin price crash as an accumulation opportunity rather than a reason to retreat, reinforcing their long-term belief in Bitcoin’s future value.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Ripple CEO Brad Garlinghouse has urged XRP investors to look past the panic after the cryptocurrency suffered one of its worst single-day declines in history. 

Garlinghouse took to X (formerly Twitter) to share a piece of investment advice from Warren Buffett, chairman and CEO of Berkshire Hathaway.

"My favorite Warren Buffett quote," Garlinghouse wrote late Thursday night as the sell-off accelerated. "'Be fearful when others are greedy, and greedy when others are fearful!'"

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My favorite Warren Buffet quote:

"Be fearful when others are greedy, and greedy when others are fearful!"

— Brad Garlinghouse (@bgarlinghouse) February 5, 2026 Buffett famously coined the phrase in his 1986 Letter to Shareholders (published in early 1987). His readiness to be "greedy" allowed him to scoop up discounted assets.

Ripple leadership seemingly views the current downturn as a buying opportunity created by market hysteria.

Leading the crash Garlinghouse’s optimism comes at a time of extreme distress for XRP holders. 

As reported by U.Today, the token has emerged as the single worst performer among the top 100 cryptocurrencies during this correction.

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According to market data, XRP is currently trading nearly 70% below its record peak of $3.65. 

The magnitude of the current slide has placed XRP in a precarious position on the leaderboards; it is now on the verge of falling below Circle's USDC stablecoin by market capitalization.

Extremely extreme fear On Friday, the Crypto Fear and Greed Index, which is the industry's main gauge of market emotion, collapsed to a reading of 9.

It's been that low only during the enormous crash in March 2020, as well as during the 2018 and 2022 bear market bottoms.

Michael Arrington, founder of Arrington Capital and TechCrunch, believes that this time will be no different, and Garlinghouse seemingly agrees. 

BitMEX has launched copy trading that enables users to replicate the strategies of top traders from Hyperliquid. Through a dedicated leaderboard, users can copy or reverse copy up to five traders with customizable risk controls.

$2.6 Billion in Bitcoin and Ethereum Options Set to Expire as Volatility Surges to 100%$2.6 billion in BTC and ETH options expire amid elevated volatility and defensive positioning.Bitcoin trades far below max pain as institutions ramp up downside hedging.Options expiry could reset dealer flows and trigger sharp post-settlement moves.More than $2.6 billion worth of Bitcoin and Ethereum options are set to expire, a development that could reshape short-term price dynamics as traders unwind hedges and reposition.

The event comes amid elevated volatility, defensive positioning, and growing evidence that institutional participants are actively hedging downside risk.

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Bitcoin and Ethereum Options Expiry Could Trigger Volatility as $2.6 Billion in Contracts SettleData from derivatives markets shows Bitcoin accounts for the bulk of the expiry, with roughly $2.2 billion in notional value tied to contracts. Ethereum represents an additional $419 million, bringing the combined total to more than $2.6 billion.

Bitcoin is currently trading near $64,686, significantly below its max pain level of $80,000, the price at which the greatest number of options would expire worthless.

Total open interest stands at 33,984 contracts, including 21,396 calls and 12,588 puts, resulting in a put-to-call ratio of 0.59.

Bitcoin Expiring Options. Source: DeribitEthereum, meanwhile, is trading around $1,905, also below its $2,400 max pain level. Total open interest stands at 219,034 contracts, with call open interest of 113,427 and put open interest of 105,607.

The put-to-call ratio of 0.93 suggests a more balanced, yet still cautious, positioning compared with Bitcoin.

Ethereum Expiring Options. Source: DeribitSponsored

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The gap between spot prices and max pain levels suggests that option sellers could benefit if prices remain suppressed into expiry. Meanwhile, traders holding directional bets may face losses if markets remain range-bound.

Notably, today’s expiring options are significantly lower than the $8.8 billion contracts that settled last Friday, because the January 30 event was for the month.

Institutions Hedge as Volatility ClimbsNevertheless, analysts at Greeks.live say derivatives markets are showing clear signs of stress and repositioning, with volatility rising sharply and traders moving to protect portfolios.

“The $60,000 range [for Bitcoin] represents the consolidation zone prior to the Trump rally, where support remains relatively strong. Should a rapid dip occur in the short term, it may present a buying opportunity,” they wrote.

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According to the analysts, options data indicate institutions and large players are urgently hedging and placing bets.

Bitcoin’s current-month implied volatility (IV) has surged to 100%, doubling since the start of the year, while the main contracts’ IV has also breached 50%, climbing 15% over two weeks.

With skew at a two-year low, the experts say options market structure is now entirely dominated by bearish sentiment, though some lottery-style buying of deeply out-of-the-money options has emerged.

“The market currently exhibits excessive panic, and conditions for a sustained BTC crash remain insufficient. Rapid risk-off liquidation could actually facilitate a market rebound,” Greeks.live analysts wrote.

Indeed, the market is in panic mode, and with good reason, as the Bitcoin price steadily edges toward the $60,000 psychological level.

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The surge in implied volatility to 100% highlights the scale of uncertainty currently priced into Bitcoin markets, reflecting expectations of larger-than-normal price swings.

Expiry Could Reset Market FlowsElsewhere, Deribit analysts note that options positioning is clustered around key strike levels, which may be influencing price behavior ahead of expiry.

“With protection demand already increasing and volatility repriced, this expiry could act as a short-term reset in dealer hedging flows. Expiry may remove positioning-related ‘gravity’ around big strikes, so price behavior after 08:00 UTC may differ from the days leading into expiry,” Deribit analysts stated.

The options expire at 08:00 UTC on Deribit. If those dynamics play out, markets could see increased volatility immediately after expiry as hedging flows unwind and liquidity conditions shift.

While bearish sentiment currently dominates derivatives positioning, panic-driven markets can sometimes produce sharp rebounds, particularly if large liquidations clear excess leverage.

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As the cryptocurrency sell-off intensifies, make sure you're making the right choice between buying Bitcoin directly or a Bitcoin exchange-traded fund (ETF).

Bitcoin (BTC 5.56%) and the iShares Bitcoin Trust ETF (IBIT 13.16%) are both around 52-week lows. Bitcoin is in the midst of a 40% drawdown from its all-time high set in early October 2025.

Here's why Bitcoin is falling and if you should buy the dip directly through Bitcoin or an exchange-traded fund (ETF).

Image source: Getty Images.

Why Bitcoin is selling off Like gold and silver, Bitcoin's price is heavily influenced by supply and demand. And more specifically, by liquidity, regulation, monetary policy, institutional adoption, and retail investor demand.

Over the last year or so, Bitcoin has been under pressure due to a flurry of economic events, geopolitical issues, tariffs, and more. Over the last four months, there have been several instances when Bitcoin has fallen by more than 5% in 24 hours or more than 10% in 10 days.

If many buyers rush to buy Bitcoin at once, it can rapidly drive prices higher due to limited supply. Similarly, if there's a lot of selling pressure, prices can drop fast -- especially if there's a liquidity event (which is most likely what happened over the weekend).

Some investors buy Bitcoin using leverage, which can amplify gains on the upside but also magnify losses on the downside. An exchange may force liquidation if a user's balance falls below the maintenance margin, which is the level required to keep the leveraged trade active.

Collective forced selling can trigger rapid declines in asset prices, not because investors are actively selling, but because leverage is causing forced liquidations. This mechanical selling can also happen in the stock market, like in 2020 when COVID-19 pandemic fears triggered a staggering 28.5% drawdown in the S&P 500 between March 4 and market close on March 23.

Similarly, market mechanics and margin calls are partly to blame for Bitcoin's latest swift, steep sell-off.

Today's Change

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Buying Bitcoin for the right reasons Unlike investing in corporations, Bitcoin doesn't have earnings, a board of directors, or a management team. So, instead of the investment thesis evolving based on what the company is doing, Bitcoin's investment thesis has more to do with the intrinsic value of Bitcoin, as well as Bitcoin's adoption by institutional and retail investors and central banks.

Before even considering buying Bitcoin outright or through an ETF, it's best to take a step back and make sure you're buying it for the right reasons. Bitcoin has made long-term investors rich at the expense of extreme volatility and massive downturns.

Enduring those drawbacks requires conviction in Bitcoin's value as a decentralized means of exchange that is easily transferable, divisible, inherently scarce with a fixed supply, secure, and able to grow as a store of value as adoption increases over time.

If you don't believe in those factors, it may not be worth buying at all. But if you do, then the choice between buying Bitcoin outright or a Bitcoin ETF is easy.

Reasons to buy Bitcoin ETFs Bitcoin ETFs are a better choice for investors who want to buy Bitcoin through a brokerage account, especially if it's a retirement account.

Buying the iShares Bitcoin Trust ETF in a tax-advantaged retirement account, like an individual retirement account (IRA) or Roth IRA, allows Bitcoin to grow tax-deferred. Selling Bitcoin in a retirement account doesn't automatically trigger a taxable gain, whereas buying and selling Bitcoin through a cryptocurrency exchange or in an individual brokerage account does.

So if you're looking for ultra-long-term Bitcoin exposure, buying a low-cost ETF like the iShares Bitcoin Trust ETF through a retirement account is the way to go.

Large Bitcoin holders are now controlling the smallest share of the cryptocurrency’s supply since late May, when it first reclaimed $100,000 after more than three months, according to crypto sentiment platform Santiment.

Santiment posted to X on Thursday that “whale and shark wallets” holding between 10 and 10,000 Bitcoin (BTC) have fallen to a nine-month low, collectively accounting for about 68.04% of the entire Bitcoin supply.

“This includes a dump of -81,068 BTC in just the past 8 days alone,” Santiment said, as Bitcoin fell from around $90,000 to $65,000 over the same period, a roughly 27% decline, according to CoinMarketCap. Bitcoin is trading at $64,792 at the time of publication, up from a 24-hour low of just over $60,000.

Bitcoin large wallet holders appear to be offloading aggressively. Source: SantimentCrypto market participants often track large Bitcoin holders to spot signs of accumulation or offloading, as these moves can signal whether whales believe the asset has peaked or is poised for an uptrend.

It isn’t just large Bitcoin holders that are showing signs of caution. CryptoQuant CEO Ki Young Ju posted to X on Wednesday that “every Bitcoin analyst is now bearish.” 

The Crypto Fear & Greed Index, which measures overall crypto market sentiment, dropped to a score of 9 out of 100 on Friday, its lowest score since mid-2022, when the market was reeling from the collapse of the Terra blockchain.

While there has been a sell-off among large holders, retail investors have been aggressively accumulating. Santiment said, “This combination of key stakeholders selling and retail buying is what historically creates bear cycles.” 

“Shrimp wallets,” which Santiment defines as those holding less than 0.1 Bitcoin, have risen to a 20-month high since June 2024, when Bitcoin was trading at around $66,000, before falling to $53,000 just two months later in August. 

However, by December 2024, it had reached $100,000 for the first time amid a booming market after Donald Trump won the US presidential election.

The cohort now accounts for 0.249% of Bitcoin’s total supply, which is equivalent to roughly 52,290 Bitcoin.

Bitcoin is down 29.62% over the past 12 months. Source: CoinMarketCapMagazine: Big questions: Should you sell your Bitcoin for nickels for a 43% profit? 

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A fresh wave of selling has rippled through the market, pushing Bitcoin (BTC) and Ethereum (ETH) below closely watched price levels and triggering another round of large-scale liquidations.

What began as a gradual pullback has turned into a broad deleveraging event, as weakening momentum, fading institutional demand, and cautious sentiment combine to pressure prices across major digital assets.

Bitcoin has been trading around the $70,000–$71,000 range after briefly slipping to levels last seen in late 2024. Ethereum has followed a similar path, falling toward $2,100 and briefly testing lower intraday levels. As prices broke through technical support zones, leveraged positions were forced out, accelerating losses.

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Bitcoin Slips Below Key Support as Liquidations Mount Data from multiple tracking platforms shows that more than $860 million worth of crypto positions were liquidated within a 24-hour period, with Bitcoin accounting for the largest share. Long positions dominated the wipeout, highlighting how heavily traders had been positioned for upside before the drop.

Bitcoin’s move below its 365-day moving average has added to bearish signals. On-chain analysts note that since falling below this long-term trend line in November 2025, BTC has declined at a faster pace than during comparable phases of the 2022 bear market.

ETF flows have also weakened, with U.S. spot Bitcoin ETFs shifting from net inflows to net outflows in early 2026, removing a key source of demand.

Market participants are now watching the $70,000 level closely. Some analysts see it as potential support, while others warn that a sustained break could open the door to a deeper move toward the $60,000 region if sentiment fails to stabilize.

Ethereum Deleveraging Adds to Downside Pressure Ethereum has not been spared from the turmoil. ETH-related liquidations have exceeded $200 million in recent sessions, as the price dipped toward the $2,000 mark.

Large holders have also moved to reduce risk. On-chain data shows that Trend Research sold roughly 188,500 ETH over several days and repaid hundreds of millions of dollars in stablecoins to cut leverage, lowering its liquidation thresholds.

This deleveraging has shifted attention to potential risk zones between $1,576 and $1,682, where forced liquidations could cluster if prices continue to slide.

Sentiment Weakens Across the Broader Crypto Market Beyond Bitcoin and Ethereum, major altcoins including BNB, Solana, and Dogecoin have posted daily losses of 6% to 11%. Total crypto market capitalization has fallen to around $2.4–$2.5 trillion, while open interest in derivatives markets continues to decline, signaling reduced risk appetite.

Sentiment indicators reflect growing caution. The Fear and Greed Index has slipped deeper into “extreme fear,” and concerns around stablecoin stability, particularly brief deviations in USDT’s peg, have added another layer of uncertainty. Traders remain focused on whether key support levels can hold or if further liquidations lie ahead.

Cover image from ChatGPT, BTCUSD chart from Tradingview

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Strategy CEO Phong Le told investors that the company's balance sheet remains resilient despite bitcoin's BTC recent downfall.

Le said during the Strategy's fourth-quarter financial results webinar that bitcoin would need to drop to $8,000 and remain at that level for five to six years before posing a real threat to servicing its convertible debt.

"In the extreme downside, if we were to have a 90% decline in bitcoin price, and the price was $8,000, that is the point at which our bitcoin reserve equals our net debt, and we will not be able to then pay off our convertibles using our Bitcoin reserve, and we'd either look at restructuring, issuing additional equity, issuing additional debt," Le said. 

The comment came during Strategy's fourth-quarter earnings call on Thursday, where company executives addressed the impact of bitcoin's recent downturn on the firm's finances. 

Strategy, the largest corporate holder of bitcoin, reported a net loss of $12.6 billion for the quarter, largely due to unrealized losses on its digital asset holdings as bitcoin's price fell below the firm's average acquisition cost. 

"These results were obviously driven by the quarter-end decline in bitcoins for value under our mark-to-market accounting," said Strategy CFO Andrew Kang. Still, Kang noted the firm's long-term approach, adding that "even in a volatile environment, we continue to execute."

Executive Chairman Michael Saylor echoed the sentiment. "Quarter-to-quarter moves like this can be sharp, can also be unsettling, but it's important to emphasize that our strategy is built for the long term," Saylor said. "It's built to withstand short-term price volatility, even short-term extreme conditions like we're seeing today."

Thursday's webinar took place amid a sharp sell-off across crypto markets, with bitcoin currently down 9% in the past 24 hours to trade at $64,833. Strategy's MSTR erased much of its prior gains, falling 17.12% on Thursday to $106.9. It is down 72% in the past six months. Saylor directed investors to look to positive fundamentals, such as supportive U.S. regulatory shifts.

Quantum threats Meanwhile, Saylor addressed bitcoin's ongoing quantum computing concerns during the earnings call, dismissing them as part of what he called a "parade of horrible FUD" surrounding bitcoin.

"We think it's probably 10 or more years away before there's a threat, that is the consensus," Saylor said. "It's a promising technology, but it's still nascent."

Saylor stated that quantum computing would pose a risk not only to bitcoin, but also to the finance and defense industries that are dependent on traditional cryptography. He added that significant investment is already flowing into the development of quantum-resistant protocols, and bitcoin will be upgraded through global consensus.

"Bitcoin is upgradable, and bitcoin can be upgraded to be stronger," Saylor said. "We are optimists, and we believe that the human race will accept challenges and we'll upgrade to meet those challenges and do it in a rational fashion."

To support appropriate consensus and solutions for bitcoin's quantum resistance upgrade, Saylor announced that Strategy will launch a Bitcoin Security program that coordinates with the global cyber, crypto, and bitcoin security communities.

"The company is well managed, well collateralized, and responsibly structured so that we can stand difficult months, difficult quarters, even difficult years or two or three-year cycles at a time," Saylor said. "We've done it before. And we're prepared to do it going forward."

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ethereum is due for yet another couple of major upgrades in 2026. Shiba Inu can't seem to get its on-chain economy off the ground.

Ethereum Price Prediction as ETH RSI Nears Historic Lows as Weekly Pattern Targets $7,000Ethereum weekly chart shows inverse head and shoulders near neckline while 14 day RSI approaches a historical low zone.

Tatevik Avetisyan2 min read

6 February 2026, 06:38 AM

Ethereum’s charts tightened into key levels this week, with a weekly inverse head and shoulders setup in focus. At the same time, ETH’s 14 day RSI moved toward a historical low zone.

Ethereum Weekly Chart Shows Inverse Head and Shoulders StructureEthereum's weekly chart shows a developing inverse head and shoulders structure, based on a TradingView snapshot shared by market analyst Bitcoinsensus. The pattern forms after a long decline, with price carving a left shoulder in mid 2024, a deeper low marked as the head in early 2025, and a rebound that may be shaping a right shoulder in early 2026.

Ethereum Weekly Chart. Source: Bitcoinsensus on X

At the same time, price continues to test a rising neckline resistance drawn across multiple weekly highs. Earlier rallies stalled near this band, which now acts as the main level to watch. As a result, the neckline remains the key reference point for whether the structure completes.

The chart also plots a projected path above the neckline, with a measured move extending toward the $7,000 area. The projection reflects the vertical distance from the head to the neckline, then mapped upward from the potential breakout zone. Meanwhile, the right shoulder remains tentative, as price still trades below the resistance band and the structure has not confirmed.

James Easton Flags ETH RSI Near Historic LowMarket commentator James Easton said Ethereum’s 14 day RSI is nearing a historical low, based on a TradingView chart he shared on X on Feb. 4. The chart tracks ETHUSD on a 14 day timeframe and shows RSI pressing toward the low band highlighted as a prior extreme.

Ethereum U.S. Dollar 14D Chart. Source: JamesEastonUK on X

Easton added that he plans to stay positioned through further downside if it happens. He also said he will remain in the trade through a potential move toward $10,000, framing the period as a defining stretch for long term holders.

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Dogecoin’s monthly chart shows a familiar pattern of long consolidation phases that later break into sharp pump moves, based on a cycle map shared by Trader Tardigrade. Meanwhile, Bitcoinsensus pointed to a weekly PMO drop below a macro threshold that previously appeared near major cycle lows.

Dogecoin Monthly Chart Maps Pullback Then Pump PatternA monthly Dogecoin chart shared by trader Tardigrade shows a repeating cycle that pairs long consolidations with sharp upside moves. The chart marks several completed cycles since 2014, where price first pulled back into rounded bases and then surged in steep vertical advances labeled as “pump” phases. The structure appears in different lengths, which the trader labels as standard, shorter, and longer consolidations. As a result, the chart frames Dogecoin’s history as a sequence of compression periods followed by rapid expansions.

Dogecoin 1M Chart: Source: Trader Tardigrade via X

The visual record shows that consolidation phases varied in duration across cycles, while each cycle ended with a strong upside leg. In earlier phases, price spent extended time building a base before breaking higher. In later phases, the base formed faster, followed by a sharp vertical move. Therefore, the pattern highlights that timing differs across cycles, yet the sequence of pullback, range formation, and expansion repeated on the monthly timeframe.

The most recent section of the chart places Dogecoin in a rounded base after a prolonged decline from the prior cycle peak. Price action compressed into a narrower range, with higher lows forming along a rising curve. At the right edge of the chart, the projection highlights a potential expansion leg that mirrors earlier pump phases. Consequently, the setup frames the current structure as the late stage of consolidation rather than the expansion phase already in progress.

Across prior cycles, expansion phases began after price reclaimed key monthly support zones and pushed above the upper boundary of the rounded base. In each case, the breakout led to steep monthly candles and rapid distance from the base.

Therefore, if the historical sequence holds, the chart suggests that the next decisive move would occur after sustained acceptance above the current consolidation ceiling, which would signal a transition from compression to expansion on the monthly chart.

Weekly PMO Signal Flags Possible Dogecoin Macro BottomA Dogecoin chart shared by Bitcoinsensus highlights the Price Momentum Oscillator on the weekly timeframe and shows it slipping below a white threshold line the analyst treats as a macro bottom marker. The post says the same downside crossover appeared near major cycle lows in the past, and each time it preceded a longer recovery phase in price.

Dogecoin Weekly PMO Cycle Chart: Source: Bitcoinsensus

The chart divides Dogecoin’s history into multiple cycles and pairs each cycle low with a similar PMO dip under the reference line. Those moments align with periods when price stopped trending lower, then shifted into a flatter base before later upside moves. As a result, the indicator reading frames the current area as a potential late stage of the decline rather than the start of a new down leg.

The latest signal places Dogecoin in the same technical condition the analyst labels as a repeat bottom pattern. If the prior sequence repeats, the chart implies the next steps would include stabilization above the recent base, followed by a trend change that develops over weeks or months, not days. However, the setup remains conditional because a sustained breakdown after the crossover would weaken the historical analogue.