Market Signal Briefing

What to Know:

Vitalik Buterin’s $29M ETH transfer has sparked market speculation, highlighting the sensitivity of blue-chip assets to founder activity. Capital is rotating from stagnant legacy coins into high-beta narratives, favoring projects with strong cultural momentum and active user bases. Maxi Doge ($MAXI) is attracting significant inflows, raising over $4.5 million in its presale with confirmed whale purchases totaling $503K. The “leverage king” narrative and gamified trading competitions offer a fresh utility layer on the Ethereum network. The crypto markets woke up to a jolt this week.

On-chain trackers flagged a massive transfer tied to Ethereum co-founder Vitalik Buterin: roughly $29M in ETH moving from a known wallet.

Naturally, social media lit up. Historically, when high-profile founders move this much capital, it triggers immediate anxiety about potential sell-offs or donations that could dampen prices in the short term.

Is it a donation? Just wallet hygiene? While the intent remains unclear, the market’s jittery reaction highlights just how fragile sentiment has become around large-cap assets. Ethereum is already battling tough resistance levels; movements from its creator (even routine ones) often act as psychological pivot points for retail investors.

But focusing solely on the ETH transfer misses the real story unfolding beneath the surface. Smart money isn’t leaving the ecosystem. It’s reallocating.

As blue-chips like Ethereum face regulatory headwinds and supply overhangs, capital is aggressively flowing toward high-beta plays promising outsized returns. Investors are increasingly bypassing the slow grind of major altcoins for projects combining viral culture with distinct tokenomics.

That rotation is fueling the surge around Maxi Doge ($MAXI), a new entrant capitalizing on the leverage-trading culture dominating this cycle.

Explore the Maxi Doge presale.

Maxi Doge Brings Gym Culture And Leverage Mechanics To Ethereum While the Ethereum Foundation focuses on scalability and roadmap milestones, Maxi Doge ($MAXI) is grabbing the retail attention that actually drives bull market euphoria.

The project ditches the “cute” aesthetic of typical meme coins for a persona centered on strength, discipline, and the ‘1000x leverage’ mentality. Think of it as a rallying cry for retail traders who lack whale capital but have the conviction to hold through volatility, the market equivalent of ‘never skipping leg day.’

This isn’t just branding; it’s a structural approach to community building. The project runs holder-only trading competitions with leaderboard rewards, incentivizing active participation rather than passive holding. By gamifying the experience, Maxi Doge aligns its success with user activity. Plus, the ‘Maxi Fund’ treasury adds a layer of economic sustainability.

It’s designed to provide liquidity backing and fund partnerships, ensuring the project has the “muscle” to sustain momentum even when market conditions tighten.

The narrative taps into a specific vein of crypto culture: the relentless grind. Where other tokens rely on fleeting trends, this project doubles down on a ‘lift, trade, repeat’ philosophy. It resonates with traders hunting for high-octane opportunities on Ethereum (ERC-20), a culturally punchy alternative to the stagnation plaguing legacy assets.

Get your $MAXI today.

Whale Wallets Accumulate $MAXI As Presale Hits $4.5M That capital shift is quantifiable. While casual observers watch Vitalik’s wallets for sell signals, sophisticated actors are quietly positioning themselves in early-stage setups.

According to the official presale data, Maxi Doge has already raised over $4.5M. That figure suggests significant confidence, potentially from whales, despite the broader market’s choppy conditions.

The on-chain specifics paint an interesting picture: smart money is moving. Etherscan data shows two high-net-worth wallets accumulated over $600K in recent transactions, both at $314K each. Concentration like that in the early stages often signals that capitalized investors anticipate strong post-launch performance, likely eyeing the project’s dynamic staking APY.

Currently priced at $0.0002802, the token offers an entry point contrasting sharply with the saturated valuations of established assets. The staking model allocates 5% of the supply for daily distribution, encouraging long-term lockups to remove supply from circulation.

For investors watching Ethereum’s sluggish price action, the combination of a $4.5 million raise and verified whale inflows makes a compelling case for rotating into this high-leverage narrative.

Buy your $MAXI here.

Disclaimer: The content provided in this article is for informational purposes only and does not constitute financial advice. Crypto assets are volatile.

8h25 ▪ 4 min read ▪ by Luc Jose A.

Summarize this article with:

While the crypto market remains without a clear direction, XRP attracts attention. According to analyst XForceGlobal, the token has entered a “washout zone”, an intense correction phase potentially preceding a major reversal. Relying on Elliott wave theory, he suggests a scenario where the current drop precedes a surge up to 30 dollars. As selling pressure intensifies and technical signals blur, this interpretation divides opinion.

In brief XRP is entering a phase known as a “washout zone,” identified by analyst XForceGlobal as a deep correction. According to Elliott Wave Theory, this decline would correspond to a Wave C, often marked by intense market panic. The analyst believes this purge could precede a major rebound, with a long-term target set between $20 and $30. Other experts remain more cautious, highlighting the formation of a “bear pennant” that could trigger another drop toward $1.22. XRP in the “washout zone”: a purge phase In a recent analysis, analyst XForceGlobal estimates that XRP is currently in a critical zone he calls a “washout zone”, while Ripple charts the future.

According to him, “this zone is designed to wash the market of its excesses, eliminating weak positions”. The analysis is based on Elliott wave theory, a framework that breaks down market movements into psychological cycles.

XForceGlobal identifies the current movement as a corrective wave C, following an initial wave A drop and a wave B partial rebound. This scenario suggests that the current selling pressure could precede a major reversal, with a long-term target set between “20 and 30 dollars” for XRP.

To back up his analysis, XForceGlobal highlights several technical elements characteristic of this purge zone :

The emotional nature of wave C, where panic pushes investors to exit at a loss, reinforcing the drop ; The massive activation of stop-losses, contributing to automatic sales at critical support levels ; An ideal correction structure according to the Fibonacci ratio 1.618, often associated with the end of a deep bearish cycle ; The necessity of a market purge before a sustainable recovery, with a concentration of purchases between $1.08 and $1.50, according to his model. The analyst insists that this zone should not be seen as a definitive capitulation, but as a rare technical opportunity for investors capable of anticipating a recovery based on a cyclical reading of the market.

Technical signals and mixed perspectives Beyond Elliott structures, other technical indicators feed the current analysis. According to FX Leaders, XRP has broken the $1.50 threshold, now evolving in a setup that could signal a new down phase toward $1.22.

Analysts mention the formation of a “bear pennant”, a pattern often interpreted as a continuation bearish signal. This contrasts with XForceGlobal’s optimistic projections, revealing the complexity of current dynamics on the token.

Another interesting signal highlighted is the decline of “open interest” on XRP contracts, observed on several platforms. This reduction in exposure could, according to some observers, mark a short-term exhaustion of selling pressure.

Such a configuration is sometimes interpreted as a prelude to a technical rebound, in the absence of massive capital inflows. However, caution remains essential, as crypto market reactions to these situations can vary significantly depending on macroeconomic contexts or regulatory announcements.

The XRP price is going through a turbulent zone that some perceive as a necessary purge before a possible rebound. Between conflicting signals and bold projections, the next market moves will be decisive. Investors and analysts now scrutinize each fluctuation carefully, awaiting confirmation, bullish or not, of this technical scenario.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

What to Know:

Bitcoin’s 2026 outlook targets the $180K-$200K range, contingent on sovereign adoption and holding the $70k support floor. The bullish thesis breaks if $BTC sustains a breakdown below $80K, signaling a potential cycle reset. Bitcoin Hyper is capitalizing on L2 demand with over $31M raised, leveraging SVM integration to bring high-speed smart contracts to the Bitcoin network. Institutional liquidity fragmentation is creating a dual market: slow growth for $BTC spot and high-velocity speculation in infrastructure layers. Bitcoin enters the mid-2025 to 2026 window facing a pivotal structural shift. It’s no longer just fighting for legitimacy, it is battling for utility in a world demanding high-speed execution.

While price action hovers near the $70k psychological barrier, the market dynamics underneath tell a different story: a divergence is forming between store-of-value assets and high-velocity infrastructure layers.

The catalyst for the next leg up? Ideally, a shift from ETF inflows to sovereign adoption and corporate treasury standardization.

However, the recovery narrative for 2026 isn’t just about reclaiming lost ground. It’s about whether $BTC can break the diminishing returns cycle that plagues maturing assets. Analysts are watching the $71K to $75K support band like hawks, as that level has acted as a decisive liquidity floor through all the recent volatility.

That matters because liquidity is beginning to fragment. While institutional capital locks up $BTC for the long haul, retail and ‘smart money’ cohorts are aggressively rotating into ecosystem plays solving Bitcoin’s inherent sluggishness.

Frankly, this creates a dual-track market: a slow, steady grind for $BTC, and an explosive, high-beta environment for infrastructure layers like Bitcoin Hyper ($HYPER). These protocols are attracting significant presale capital by promising to modernize the Bitcoin network.

Learn more about Bitcoin Hyper here.

Path to $200K: Why 2026 Could Define the Supercycle Heading into 2026, Bitcoin’s technical outlook hinges on two things: successfully defending the 50-week moving average and realizing the ‘U.S. Strategic Reserve’ thesis. Current market structure suggests that once the $80K sell wall is fully absorbed, price discovery could accelerate rapidly. Why? Lack of historical resistance overhead.

Data from recent trading sessions indicates tightening Bollinger Bands on the weekly timeframe, a classic precursor to a high-volatility breakout. If macro conditions remain favorable, specifically regarding Federal Reserve rate cuts and global liquidity injections, models from firms like Bernstein and Standard Chartered point toward a $180Kto $200K target by mid-2026.

That projection relies on the multiplier effect of corporate adoption. Basically, every $1B  in inflows impacts market cap by a factor of 3x to 5x due to supply illiquidity.

However, traders must weigh three distinct scenarios for the coming 12 months:

The Bull Case ($180k+): Sovereign wealth funds publicly disclose $BTC allocations. This triggers a front-running frenzy pushing RSI into overbought territories for weeks. The Base Case ($120k–$140k): A steady grind higher punctuated by 20% corrections (mostly driven by ETF rebalancing and slow institutional uptake). The Invalidation Scenario (<$85k): A sustained break below $85,000. That would invalidate the bullish structure, suggesting the cycle top is already in. Keep an eye on the volume profile at $80K A high-volume close above that level confirms the bullish thesis. Until then, Bitcoin Hyper is where it’s at.

Buy your $HYPER today.

Bitcoin Hyper Targets High-Velocity Upside as L2 Narrative Heats Up While Bitcoin aims for macro stability, speculative capital is flooding into Layer 2 solutions unlocking the network’s dormant capital. Traders hunting for outsized returns are increasingly hedging $BTC exposure with Bitcoin Hyper ($HYPER), a project designed to bring the speed of Solana to the security of Bitcoin.

The market appetite is evident in the hard numbers. According to the official presale page, Bitcoin Hyper has raised a staggering $31.2M, with tokens currently priced at $0.0136751.

That capital inflow suggests strong conviction in the project’s core thesis: integrating the Solana Virtual Machine (SVM) directly with Bitcoin. The goal? Enable sub-second transaction finality and robust smart contract capabilities.

Smart money (often the first to move) is already active. Etherscan data reveals 3 high-net-worth wallets accumulated over $1M with the largest single buy hitting $500K. This whale activity points to strategic positioning ahead of the token generation event (TGE).

By offering a decentralized canonical bridge and high-yield staking immediately after launch, $HYPER addresses the two biggest complaints of the Bitcoin ecosystem: high fees and zero native yield.

However, inherent risks remain. As a presale stage project, $HYPER naturally carries higher volatility risks compared to established assets. Regulatory changes regarding L2s and bridge security are factors potential investors must consider.

Yet, for those betting on a ‘Bitcoin DeFi’ summer in 2026, the SVM-integration narrative offers a compelling high-risk, high-reward alternative to just holding spot BTC.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrencies, including Bitcoin and presale tokens like Bitcoin Hyper, are volatile and high-risk assets. Always conduct your own independent research before making investment decisions.

Ripple made a big announcement yesterday, while the XRP ETFs are actually in the green - so, what's up with the price move today?

Ripple’s cross-border token has not been spared in the past 24 hours (or the last week or so), and has actually become the poorest performer from the larger-cap alts.

The asset has slumped by over 10% daily as it dumped to $1.42 minutes ago, which became the lowest price tag since late November 2024.

XRPUSD Feb 5. Source: TradingView The chart above demonstrates that XRP has dropped significantly on smaller and larger timeframes. Recall that it had surged to $2.40 just a month ago, when it was violently rejected, and has plummeted by 40% since then.

While last Thursday’s crash could be attributed, at least to some extent, to investors employing the ETFs to gain XRP exposure, as they withdrew $92.92 million in just a day, making it the worst since their inception, the price moves now contrast with the most recent ETF behavior.

Data from SoSoValue shows that investors have actually invested $19.46 million on Tuesday and $4.83 million on Wednesday into the financial vehicles.

Additionally, Ripple made a big announcement yesterday by outlining institutional support for Hyperliquid through its prime brokerage platform.

Consequently, the most probable reasons behind today’s crash don’t seem to be related to ecosystem weakness or fundamental problems. Instead, the growing FUD within the broader crypto market continues to take its toll, with (retail) investors disposing of their positions.

You may also like: XRP Open Interest Hits Lowest Since November 2024: What This Means for Traders XRP ETFs Beat BTC, ETH, and SOL Funds – Yet Ripple’s Price Still Struggles Earn Yield on XRP: Flare Launches New Lending Markets with Morpho Moreover, the liquidation cascades have often been blamed by analysts for the market behavior in crypto, where volatility is often in the double digits.

CryptoWZRD weighed in on XRP’s daily performance, indicating that the asset closed bearish. At the time of their post, the token tested the $1.51 support, which cracked in the following hours and opened the door for another decline.

Previously, analysts identified $1.42 and $1.27 as the only two support levels remaining before XRP heads toward the psychological $1.00 level.

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BEIJING — Chinese electric car giant BYD reported a nearly two-year low in local sales in January, signaling mounting challenges for the world's largest auto market.

The slump comes amid rising concerns about lackluster domestic demand in China, and overproduction of cars spilling into other countries.

At least six major electric car brands from Xiaomi to Xpeng reported a sharp sales drop in January from December, according to CNBC's analysis. Some companies only report deliveries rather than sales, and don't break down overseas figures.

"We see increasing pressure on China's auto market in 2026, driven by a combination of policy and competitive factors," said Helen Liu, partner at Bain & Company. She said policy changes could prompt consumers to delay their car purchases, while automakers become more cautious about new vehicle launches.

China's economic and business figures for the first two months of the year tend to be volatile as the Lunar New Year holiday, which follows an agrarian calendar, falls on different dates each year.

But this past January also saw a major reduction in government support for electric cars. Starting Jan. 1, China has reinstated a 5% purchase tax, after exempting new energy vehicles from the full 10% vehicle purchase tax for over a decade. New energy vehicles include battery and hybrid-powered cars.

"We know [EV sales will] slow, we just don't know by how much," said Tu Le, founder and managing director at consulting firm Sino Auto Insights. "We'll know much better after the first quarter is over."

watch now

Fierce competitionThe automaker also faces rising competition from local rivals, amid a price war that's pushed automakers to offer more features at lower prices.

Aito, whose cars use smartphone and telecom giant Huawei's operating system, reported more than 40,000 vehicle deliveries in January, up more than 80% from a year ago.

Leapmotor and Nio also saw year-on-year deliveries rise, to 32,059 and 27,182, respectively.

Smartphone company Xiaomi posted a year-on-year increase to over 39,000 deliveries of its electric cars in January, ahead of a planned upgrade to its SU7 sedan in April. But that was down from over 50,000 deliveries in December.

"BYD has had a stellar run at the top and it's impressive how long they've been able to hold off their domestic competitors," Le said, noting it's not just one but several automakers vying for the same market.

"Companies like Geely with its Xingyuan [Galaxy EV] have really taken sales on the low end, where BYD's bread is buttered," he added.

Geely has climbed into second place in China's electric car market behind BYD. In January, Geely sold more than 270,000 cars, including its electric car brands Galaxy and Zeekr, along with exported vehicles — more than 60,000 last month.

The company expects its overall new energy vehicle sales will grow to 2.22 million cars in 2026, up by 32% on year.

BYD, which sold 4.56 million new energy cars last year, has yet to release a full-year domestic sales target. Instead, the company only told reporters late last month it plans to boost its overseas sales by nearly 25% this year to 1.3 million cars.

The automaker's exports also tapered off in January to 100,482 vehicles, down from 133,172 cars in December.

BYD

Despite recent headwinds, Le expects BYD to retain its dominance in both the domestic and international markets, citing planned upgrades to the company's charging, energy storage, and intelligent driving infrastructure.

Xpeng reported just 20,011 car deliveries in January, after a year that saw an average of more than 35,000 cars a month. Li Auto deliveries also fell, to 27,668 cars, last month.

Broader economic impactThe slowdown in sales is industry-wide. New energy vehicle sales, which includes hybrid and battery-powered cars, eked out a 2.6% year-on-year increase in December, in a third-straight month of slowing growth, according to China Passenger Car Association data.

It's a troubling sign for an electric car industry that's been a bright spot in an economy struggling to overcome a years-long decline in real estate, once a driver of about a quarter of gross domestic product.

If, on top of the prolonged property slump, the autos sector worsens further, many in the industry expect Beijing to reinstate some or all of the subsidies," said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions, citing conversations in the last week with car parts manufacturers. "We'll have to see how Q1 goes."

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The autos sector contributes to about 30 million jobs in China, or more than one-tenth of urban employment, the head of a China machinery body reportedly said in November.

However, Fitch Ratings Economist Alex Muscatelli said that the economic share of the autos sector is still relatively small compared to real estate. He said that in fixed asset investment, which signals future growth, autos only accounted for 3.7% of the total last year, while real estate made up 23%.

China's top leaders are expected to release policy targets for the year at an annual parliamentary meeting in March.

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SUMMARY: The rapid expansion of artificial intelligence is driving an enormous build-out of data centers, with total investment expected to reach unprecedented levels. While major AI companies dominate headlines, much of the real opportunity may lie in less visible businesses that provide the infrastructure behind the scenes. These “glue” companies supply the materials, networking, and connectivity that allow AI systems to function at scale.

Fiber optics, cables, and server infrastructure are critical as massive volumes of data must move quickly and efficiently, which places firms with long histories in networking and communications as potential benefactors from this demand. This includes Corning Inc, which develops and manufactures specialty glass, ceramics, and optical physics-based products. The company recently announced a multiyear partnership with Meta, to assist in their US data center buildout.

“If you’ve ever seen what a data center looks like, it’s racks and racks of servers and things of that nature,” 24/7 Wall St. Analyst Lee Jackson explains. “Corning makes fiber-optic fiber that’s being used in a lot of AI data centers because when you’re having to put through gigantic amounts of data it has to travel on light and fiber optics – it’s not going through coax like your cable. So I would suspect that Corning is a player in that area.”

TRANSCRIPT: Doug: Lee, there are some hidden winners in the AI business. When you look at what’s happening with the data center build-outs, the forecast is that this year or next, the total investment in data center build-outs will be a trillion dollars. So who’s going to make money in that that no one ever hears about?

Lee: Well, I think a couple of the companies I can think of – and one had outstanding earnings today – was Corning (NYSE: GLW). And if you’d like to know what GLW stands for, in the old days Corning was called glassworks. I know this because I had a client that worked at JDS Uniphase and schooled me on this. Corning makes fiber-optic fiber that’s being used in a lot of AI data centers because when you’re having to put through gigantic amounts of data it has to travel on light and fiber optics – it’s not going through coax like your cable. So I would suspect that Corning is a player in that area.

If you’ve ever seen what a data center looks like, it’s racks and racks of servers and things of that nature. One big company I think is involved is Cisco Systems (NASDAQ: CSCO) – they make infrastructure. They were a big part, if you remember, of the build-out for the internet. Cisco was a big player for broadband and the internet, so I would suspect that. We talked about this recently: Cisco just finally surpassed the high it was at in like 2001, which was $80 or something. They just finally surpassed that after 24 years, which proves that if you hold onto a stock long enough maybe you will get your money back if you’re down.

But yeah, I would take a look at Cisco in that space. Also, and I’m not one hundred percent sure about this, but I think I’ve read enough that Amphenol, which makes cables and cording and things of that nature, is involved. I’m not sure of the exact symbol – it might be APH – but I think Amphenol is one to look at. I’m not saying it’s for sure involved, but from what I’ve read they’re involved in AI infrastructure. And again, the contractors that are pouring all the concrete to build these places – I think there are some industrial companies that will benefit as well.

Doug: If you’re an investor and you feel like the AI companies have had their big run-ups and the utilities have had their big run-ups as suppliers, I would start to look around at all the other companies that are not really visible in the Wall Street Journal or the Financial Times. I’d start to look and say, okay, it’s not just utilities and AI companies – where’s the glue? If I were an investor right now, I’d start to look for the glue. There are glue companies out there and they’re probably undervalued because their name isn’t in the newspaper every day.

Lee: Yeah, and again, I’m sure if you went to ChatGPT or Claude or any of them and just asked who are the companies providing infrastructure pieces to AI and data center build-outs, you could probably get a list of five or six right away.

Doug: Use AI to find investments in non-AI companies that are making money off AI.

Lee: Exactly, thank you. You put it in a nutshell. I don’t think we need to say anymore.

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This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.

San Antonio, Texas--(Newsfile Corp. - February 5, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a diversified global leader in renewable-powered blockchain and AI infrastructure, today announced exceptional Bitcoin production results for January 2026, highlighted by 290% year-over-year hashrate growth, highly competitive fleet efficiency, and consistent performance across its Tier-1 and Tier-3 data centers worldwide (all amounts in US dollars, unless otherwise indicated).

Built for Scale and Resilience

Since its founding in 2017, HIVE has built one of the most geographically diversified digital infrastructure platforms in the public Bitcoin mining sector. Operating across nine time zones, three continents, and five languages, the Company's teams in Canada, Sweden, and Paraguay coordinate around the clock to optimize uptime, energy efficiency, and production.

This distributed operating model enabled HIVE to maintain steady performance through January's severe northern hemisphere cold fronts, while portions of the global mining network experienced curtailments. The Company continues to demonstrate consistent execution across 4-year Bitcoin halving cycles, bear markets, unwinding of Japanese carry trade that ignites selling in global capital markets, extreme cold weather events, and energy volatility.

With HIVE's geographically decentralized operating model—spanning the northern and southern hemisphere—Company is pleased to note the high uptime, operational resilience, and production consistency in Paraguay, the flagship southern hemisphere operations for HIVE.

January 2026 Production Highlights

Bitcoin Produced: 297 BTC

+191% year-over-year (102 BTC in January 2025), while Bitcoin mining difficulty increased 30% year-over-year for the month of January

Average Daily Production: 9.6 BTC/day

Hashrate: Averaged 22.2 Exahash per Second ("EH/s"), peaking at 23.7 EH/s

+290% year-over-year (5.7 EH/s in January 2025)

Fleet Efficiency: 17.5 Joules per Terahash ("J/TH")

BTC per EH/s: 13.4 BTC

Global Bitcoin Network Share: Sustained above 2% of worldwide Bitcoin hashrate

Strategic Execution and Responsible Growth

HIVE realized approximately $7.4 million in value through the cashless exercises of 480 BTC tied to its 2025 Bitcoin pledge, at an average value of approximately $102,000, including exercises done at $110,000 per Bitcoin; these cashless exercises have preserved treasury flexibility. Remaining pledge redemption timelines were extended, while securing Bitcoin downside protection, reflecting the Company's disciplined and risk-aware capital management strategy.

The Company has no cash calls required to buy back Bitcoin under the pledge. Rather, the pledge provides Bitcoin downside protection, with potential upside realized through cashless exercise when Bitcoin is above the pledge strike price. Certain proceeds of the cashless exercises have been applied towards the purchase of 2,667 Bitmain S21 XP ASIC miners.

These new air-cooled Bitmain S21 XP ASIC miners have been received in Paraguay and are being installed this week at Yguazú, upgrading and replacing legacy Buzzminer ASICs. Going forward, this is expected to increase HIVE's installed global hashrate to 25.5 EH/s and improve its global average fleet efficiency to 17 J/TH. These upgrades enhance operational efficiency, lower the cost per hash, and therefore improve operating margins.

HIVE's total current operational capacity is 440 megawatts ("MW") of renewable-powered energy. Additionally, HIVE has another 100 MW of renewable contracted energy scheduled for deployment in calendar Q3 2026. As a result, HIVE will have a total portfolio of 540 MW of green energy. Although the Company previously disclosed that the additional 100 MW of capacity would be used to expand its EH/s, this new capacity also enhances the Company's ability to support potential future AI and high-performance computing workloads.

Management Commentary

"Our strength comes from our people and our disciplined execution," said Frank Holmes, Executive Chairman. "Teams operating across nine time zones work with shared purpose and precision, allowing us to scale efficiently and remain profitable through every market cycle. With 290% year-over-year growth and more than 2% of the global hashrate, HIVE continues to benefit from economies of scale while maintaining the flexibility to navigate volatility while growing our business."

Aydin Kilic, President & CEO, added: "Our operational performance reflects years of focused investment in renewable energy, high-efficiency hardware, and a decentralized global team. January's results validate our strategy and provide a strong foundation as we expand further into AI and high-performance computing infrastructure."

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-1 and Tier-3 data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by Bitcoin mining and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.

For more information, visit hivedigitaltech.com, or connect with us on:

X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain

On Behalf of HIVE Digital Technologies Ltd.

"Frank Holmes"
Executive Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the construction of the Company's site in Yguazú, Paraguay and its potential specifications and performance upon completion, the timing of it becoming operational; hash rash growth projections; business goals and objectives of the Company; the results of operations for January 2026; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the prospectivity of the BUZZ HPC operations and the ability of the Company to successfully expand the infrastructure and operate in this sector, the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the possibility of flaws in the implementation of the Paraguay build-out and energization; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; an inability to apply the Company's data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.

The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events will occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282813

Source: HIVE Digital Technologies Ltd.

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Item 1 of 2 Argor-Heraeus' CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File Photo

[1/2]Argor-Heraeus' CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis... Purchase Licensing Rights, opens new tab Read more

SummarySilver drops nearly 15%; gold and oil give up about 2%Easing U.S.–China, U.S.–Iran tension reduces premiumsSoybeans buck trend on hopes of increased Chinese buyingSINGAPORE, Feb 5 (Reuters) - Prices of commodities, from silver and gold to crude oil and copper, dived on Thursday, as global tensions eased after a telephone call between the leaders of China and the United States, which is also set for talks with Iran this week.

Silver plunged almost 15% while gold, crude oil and copper fell about 2% as investors pared positions on a strengthening U.S. dollar, in which all commodities are priced.

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"We saw extreme volatility in precious metals and other commodities this week, and what we are witnessing today are some aftershocks," said Tony Sycamore, an analyst at broker IG.

"Talks between Iran and the United States appear to be back on track, which has removed some of the geopolitical premium from commodity markets, particularly oil," he added.

"Following the call between Trump and Xi, tensions on the trade front have also eased. Investors are inclined to sell gold at these levels."

The dollar steadied at the start of Asian trade ahead of interest rate decisions from the European Central Bank and the Bank of England, which are both expected to keep rates on hold later in the day.

The U.S. dollar index of the greenback's strength against a basket of six currencies traded near a two-week high. A stronger dollar makes commodities expensive for buyers who hold other currencies.

Prices fell on Monday after U.S. President Donald Trump nominated Kevin Warsh as the next Fed chair, sparking risk-asset selling. A hawkish U.S. central bank outlook boosts the dollar and raises opportunity costs for gold and silver, reducing their appeal.

VOLATILE COMMODITIESSpot gold retreated from a near one-week high earlier in the session, and spot silver plummeted. Last week, gold climbed to a record high of $5,594.82 an ounce and silver to an all-time high of $121.64.

"Sentiment (has) turned soggy across most asset classes, with losses feeding into one another and creating a self-reinforcing feedback loop amid thin market liquidity," said Christopher Wong, a strategist at OCBC.

Such expectations were reflected in precious metals, cryptocurrencies and regional equities, he added.

Oil prices , fell about 2% after the U.S. and Iran agreed to hold talks in Oman on Friday, allaying fears that a military conflict could disrupt supply from the key Middle East producing region.

Copper faced additional pressure from worries over demand and rising stocks in warehouses registered with the London Metal Exchange.

The metal widely used in construction had previously rebounded from a two-session slump, supported by China's plan to expand its copper strategic reserves.

Soybeans bucked the trend, climbing to a two-month high, boosted by Trump's comment that China is considering buying cargoes from the United States.

Iron ore also fell 2%, weighed down by high inventories .

Reporting by Naveen Thukral; Additional reporting by Ishaan Arora in Bengaluru; Editing by Clarence Fernandez

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

SummaryCompaniesBNP Paribas beats Q4 expectations with record net incomePlans cost cuts to achieve 2028 profitability targetsBank faces U.S. litigation concerns over Sudan casePARIS, Feb 5 (Reuters) - BNP Paribas (BNPP.PA), opens new tab nudged up its 2028 profitability target on Thursday and pledged more cost cuts, after reporting a better-than-expected fourth quarter profit despite a mediocre performance at its investment bank.

The euro zone's largest lender by assets will be hoping that growth in its insurance and asset management division and an uptick in retail banking will support the numbers and help revive investor confidence, amid concerns about the impact of ongoing litigation in the United States related to Sudan.

The Week in Breakingviews newsletter offers insights and ideas from Reuters' global financial commentary team. Sign up here.

BNP reported net income of 2.97 billion euros ($3.51 billion) for the three months ending in December, up 28% year-on-year and beating the 2.84 billion euro average estimate of 16 analysts compiled by the company.

The bank is targeting a return on tangible equity (ROTE), a key measure of profitability, of more than 13% by 2028, up from its previous target of 13%, although the new target is lower than at many European rivals. It also aims to lower its cost-to-income ratio to less than 56% versus an earlier target of around 58% by 2028.

The bank expects average annual net income growth of more than 10% over the 2025-2028 period, with cost reduction as a key driver.

It plans "additional measures" in 2026 of about 600 million euros, bringing total recurring cost savings for the 2022-2026 period to 3.5 billion euros, above the 2.9 billion euros initially projected.

TRADING REVENUES DISAPPOINTThe investment banking division saw revenues rise 1% year-on-year to 4.58 billion euros, marking a record quarter. Yet revenue from trading in fixed income, currencies and commodities grew just 0.8%, significantly less than Credit Agricole, Deutsche Bank, and Wall Street rivals.

By contrast, net interest margin in retail rose 6.3% in France and 17% in Belgium in the fourth quarter.

NEW TARGETSThe new targets offer a glimpse of BNP's next three-year strategic plan, the bank said, to be presented in early 2027. It will include a "comprehensive review of processes," the French lender said, suggesting artificial intelligence tools would be involved.

BNP’s shares have recovered sharply since hitting lows of around 65 euros in early November, rebounding to about 91 euros, a roughly 40% gain.

But the bank's shares have underperformed peers over the longer term, gaining about 110% in the past five years, less than half the wider European sector (.SX7P), opens new tab, as CEO Jean-Laurent Bonnafe struggled to boost profitability.

Meanwhile, BNP continues to face uncertainty related to litigation in the United States.

The bank said it will appeal a New York jury's October ruling that it helped Sudan’s former government commit genocide by providing banking services in breach of U.S. sanctions, and expects to file by Feb. 9.

BNP remains the cheapest among its European peers, trading at around 9.25 times earnings compared with about 13.5 for Banco Santander and more than 11 for Deutsche Bank and UniCredit.

The bank maintained its dividend policy, announcing a cash dividend of 5.16 euros per share for 2025, with the final payment of 2.57 euros to be distributed in May.

($1 = 0.8473 euros)

Reporting by Mathieu Rosemain; Editing by Tommy Reggiori Wilkes, Ingrid Melander

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

Mathieu is part of Reuters' finance team, covering French banks and major M&A stories in the country and in Europe. A graduate of Sciences Po university, Mathieu previously covered the Tech beat at Reuters, following stints at Bloomberg News and French business daily Les Echos.

BBVA logo is seen in this illustration taken December 3, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

MADRID, Feb 5 (Reuters) - Spain's BBVA (BBVA.MC), opens new tab on Thursday said its fourth-quarter net profit rose 4.1% year-on-year thanks to a solid performance in its units in Spain and Mexico and overall higher lending income.

The second-biggest lender in the euro zone by market value booked a net profit of 2.53 billion euros ($2.98 billion) in the October to December period, in line with forecasts from analysts polled by Reuters.

The Week in Breakingviews newsletter offers insights and ideas from Reuters' global financial commentary team. Sign up here.

For the whole of 2025, net profit rose 4.5% to a record 10.51 billion euros. Analysts expected a figure of 10.52 billion euros.

Net interest income, the difference between earnings on loans minus deposit costs, rose 9.8% year-on-year in the quarter, to 7.03 billion euros, above forecasts of 6.91 billion euros thanks to solid underlying loan growth dynamics. NII for the whole of 2025 was also up 4% to 26.28 billion euros against forecasts of 26.2 billion euros.

In Spain, net profit rose 13.7%, while in Mexico, BBVA's main market, net profit was up 10.8%.

($1 = 0.8483 euros)

Reporting by Jesús Aguado; editing by Aislinn Laing

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

-

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of January 2026.

Revenues for January 2026

Period

2026

2025

Y/Y Change

Y/Y (%)

January

20,862,150

19,806,795

1,055,355

5.33%

Jan.-Jan.

20,862,150

19,806,795

1,055,355

5.33%

(*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages

(**) All figures are consolidated

Additional information about UMC is available on the web at https://www.umc.com.

More News From United Microelectronics Corporation

Back to Newsroom

LONDON — European stocks are expected to open flat to lower as traders gear up for more regional earnings reports Thursday.

The U.K.'s FTSE and Germany's DAX are expected to open 0.25% lower, while France's CAC 40 and Italy's FTSE MIB are seen opening flat today, according to data from IG.

It's another busy day of earnings reports in Europe with Shell, BBVA, BNP Paribas, Vinci, BMW, Siemens Healthineers, Anglo American, Danske Bank, ArcelorMittal, Moller Maersk and Vestas Wind Systems among the companies reporting.

The European Central Bank and Bank of England are both due to publish their latest monetary policy decisions on Thursday. Neither central bank is expected to change its current interest rate position.

Global markets have experienced turbulence this week, with Wall Street seeing a second straight day of losses Wednesday following a selloff in software stocks.

S&P 500 futures rose overnight after the latest batch of corporate earnings, including Alphabet results. The quarterly results of fellow "Magnificent Seven" member Amazon are due Thursday.

Meanwhile, in Asia-Pacific markets overnight, South Korean stocks led declines, tracking Wall Street losses as the tech sell-off gained momentum.

Data releases in Europe on Thursday include German factory orders, French industrial production and EU retail sales.

NETGEAR, Inc. (NTGR) Q4 2025 Earnings Call Transcript

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Q1: 2026-02-04 Earnings SummaryEPS of $0.40 beats by $0.31

 |

Revenue of

$629.99M

(29.44% Y/Y)

beats by $7.41M

Symbotic Inc. (SYM) Q1 2026 Earnings Call February 4, 2026 5:00 PM EST

Company Participants

Charles Anderson - Vice President of Investor Relations & Corporate Development
Richard Cohen - Chairman of the Board, President & CEO
Izilda Martins - CFO & Treasurer

Conference Call Participants

Nicole DeBlase - Deutsche Bank AG, Research Division
Joseph Giordano - TD Cowen, Research Division
Mark Delaney - Goldman Sachs Group, Inc., Research Division
Piyush Avasthy - Citigroup Inc., Research Division
Colin Rusch - Oppenheimer & Co. Inc., Research Division
Kenneth Newman - KeyBanc Capital Markets Inc., Research Division
James Ricchiuti - Needham & Company, LLC, Research Division
Guy Drummond Hardwick - Barclays Bank PLC, Research Division
Mike Latimore - Northland Capital Markets, Research Division
Derek Soderberg - Cantor Fitzgerald & Co., Research Division
Greg Palm - Craig-Hallum Capital Group LLC, Research Division
Keith Housum - Northcoast Research Partners, LLC
Robert Mason - Robert W. Baird & Co. Incorporated, Research Division

Presentation

Operator

Thank you for standing by. Welcome to the Symbotic First Quarter 2026 Financial Results Conference Call. [Operator Instructions] As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Charlie Anderson, Vice President, Investor Relations. Please go ahead, sir.

Charles Anderson
Vice President of Investor Relations & Corporate Development

Hello. Welcome to Symbotic's First Quarter of Fiscal Year 2026 Financial Results Webcast. I'm Charlie Anderson, Symbotic's Vice President of Investor Relations.

Some of the statements that we make today regarding our business operations and financial performance maybe considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially. Please refer to our Form 10-K, including the risk factors. We undertake no obligation to update any forward-looking statements.

In addition, during this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of

, /PRNewswire/ --  ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) ("We", "ASEH", or the "Company"), the leading provider of semiconductor assembly and testing services ("ATM") and the provider of electronic manufacturing services ("EMS"), today reported its unaudited[1 ]net revenues of NT$177,915 million for 4Q25, up by 9.6% year-over-year and up by 5.5% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$14,713 million, up from NT$9,312 million in 4Q24 and up from NT$10,870 million in 3Q25.  Basic earnings per share for the quarter were NT$3.37 (or US$0.219 per ADS), compared to NT$2.15 for 4Q24 and NT$2.50 for 3Q25.  Diluted earnings per share for the quarter were NT$3.24 (or US$0.210 per ADS), compared to NT$2.07 for 4Q24 and NT$2.41 for 3Q25.

For the full year of 2025, the Company reported unaudited net revenues of NT$645,388 million and net income attributable to shareholders of the parent of NT$40,658 million.  Basic earnings per share for the full year of 2025 were NT$9.37 (or US$0.601 per ADS).  Diluted earnings per share for the full year of 2025 were NT$8.89 (or US$0.571 per ADS).

RESULTS OF OPERATIONS

4Q25 Results Highlights – Consolidated

Net revenues from packaging operations, testing operations, EMS operations, and others represented approximately 49%, 12%, 38%, and 1% of the total net revenues for the quarter, respectively. Cost of revenues was NT$143,179 million for the quarter, up from NT$139,692 million in 3Q25. -            Raw material cost totaled NT$85,490 million for the quarter, representing 48% of the total net revenues. -            Labor cost totaled NT$19,611 million for the quarter, representing 11% of the total net revenues. -            Depreciation, amortization and rental expenses totaled NT$16,525 million for the quarter. Gross margin increased by 2.4 percentage points to 19.5% in 4Q25 from 17.1% in 3Q25. Operating margin was 9.9% in 4Q25, compared to 7.8% in 3Q25. Non-operating items: -            Net interest expense was NT$1,712 million. -            Net gain on foreign exchange hedging activities of NT$1,384 million. -            Net gain on equity-method investments was NT$257 million. -            Other net non-operating income was NT$641 million, primarily attributable to miscellaneous income. Total non-operating income for the quarter was NT$570 million.

Income before tax was NT$18,260 million in 4Q25, compared to NT$13,976 million in 3Q25. We recorded income tax expenses of NT$3,248 million for the quarter, compared to NT$2,615 million in 3Q25. Net income attributable to shareholders of the parent was NT$14,713 million in 4Q25, compared to NT$9,312 million in 4Q24 and NT$10,870 million in 3Q25.  Our total number of shares outstanding at the end of the quarter was 4,447,029,782, including treasury stock owned by our subsidiaries in 4Q25. Our 4Q25 basic earnings per share of NT$3.37 (or US$0.219 per ADS) were based on 4,360,886,216 weighted average number of shares outstanding in 4Q25.  Our 4Q25 diluted earnings per share of NT$3.24 (or US$0.210 per ADS) were based on 4,462,335,188 weighted average number of shares outstanding in 4Q25. 4Q25 Results Highlights – ATM

Net revenues were NT$109,707 million for the quarter, up by 24.2% year-over-year and up by 9.4% sequentially. Cost of revenues was NT$80,883 million for the quarter, up by 19.4% year-over-year and up by 4.2% sequentially. -            Raw material cost totaled NT$31,146 million for the quarter, representing 28% of the total net revenues. -            Labor cost totaled NT$16,050 million for the quarter, representing 15% of the total net revenues. -            Depreciation, amortization and rental expenses totaled NT$15,075 million for the quarter. Gross margin increased by 3.7 percentage points to 26.3% in 4Q25 from 22.6% in 3Q25. Operating margin was 14.7% in 4Q25, compared to 10.8% in 3Q25. 4Q25 Results Highlights – EMS

Net revenues were NT$68,991 million, down by 7.9% year-over-year and relatively stable sequentially. Cost of revenues for the quarter was NT$62,752 million, down by 8.7% year-over-year and up by 0.2% sequentially. -            Raw material cost totaled NT$54,638 million for the quarter, representing 79% of the total net revenues. -            Labor cost totaled NT$3,390 million for the quarter, representing 5% of the total net revenues. -            Depreciation, amortization and rental expenses totaled NT$1,184 million for the quarter. Gross margin decreased by 0.2 percentage points to 9.0% in 4Q25 from 9.2% in 3Q25. Operating margin was 2.8% in 4Q25, compared to 3.7% in 3Q25. 2025 Full-Year Results Highlights – Consolidated

Net revenues for the full year of 2025 amounted to NT$645,388 million, up by 8.4% from the full year of 2024. Net revenues from packaging operations, testing operations, EMS operations and others represented approximately 48%, 11%, 40% and 1% of total net revenues for the year, respectively. Cost of revenue for the year of 2025 was NT$531,195 million, compared to NT$498,478 million in 2024. -            Raw material cost totaled NT$312,261 million for the year, representing 48% of total net revenues. -            Labor cost totaled NT$73,128 million for the year, representing 11% of total net revenues. -            Depreciation, amortization and rental expenses totaled NT$62,030 million for the year. Gross margin increased by 1.4 percentage points to 17.7% in 2025 from 16.3% in 2024. Operating margin increased to 7.9% in 2025 from 6.6% in 2024. Total non-operating income for the year was NT$545 million, compared to NT$2,517 million in 2024. Income before tax was NT$51,301 million in 2025.  We recognized an income tax expense of NT$9,461 million for the year.  Net income attributable to shareholders of the parent amounted to NT$40,658 million in 2025, compared to NT$32,483 million in 2024. Our 2025 basic earnings per share of NT$9.37 (or US$0.601 per ADS) were based on 4,341,193,479 weighted average numbers of shares outstanding in 2025.  Our 2025 diluted earnings per share of NT$8.89 (or US$0.571 per ADS) were based on 4,429,553,334 weighted average number of shares outstanding in 2025. 2025 Full-Year Results Highlights – ATM

Cost of revenues for the full year of 2025 was NT$297,848 million, compared to NT$252,712 million in 2024. -            Raw material cost totaled NT$109,776 million for the year, representing 28% of total net revenues. -            Labor cost totaled NT$59,876 million for the year, representing 15% of total net revenues. -            Depreciation, amortization and rental expenses totaled NT$56,435 million for the year. Gross margin increased to 23.5% in 2025 from 22.5% in 2024. Operating margin increased to 11.3% in 2025 from 9.8% in 2024. 2025 Full-Year Results Highlights – EMS

Cost of revenues was NT$235,384 million in 2025, down by 5.1% from 2024. -            Raw material cost totaled NT$203,824 million for the year, representing 79% of total net revenues. -            Labor cost totaled NT$12,774 million for the year, representing 5% of total net revenues. -            Depreciation, amortization and rental expenses totaled NT$4,574 million for the year. Gross margin increased to 9.1% in 2025 from 9.0% in 2024. Operating margin was 2.9% in both 2025 and 2024. LIQUIDITY AND CAPITAL RESOURCES

Equipment capital expenditures in 4Q25 totaled US$733 million, of which US$485 million was used in packaging operations, US$218 million in testing operations, US$28 million in EMS operations and US$2 million in interconnect materials operations and others. Equipment capital expenditures in 2025 totaled US$3,396 million, of which US$2,104 million was used in packaging operations, US$1,140 million in testing operations, US$139 million in EMS operations and US$13 million in interconnect materials operations and others. Total unused credit lines amounted to NT$400,617 million as of December 31, 2025. Current ratio was 1.28 and net debt to equity ratio was 0.46 as of December 31, 2025. Total number of employees was 105,955 as of December 31, 2025, compared to 103,844 as of September 30, 2025. BUSINESS REVIEW

Customers
ATM BASIS

Our five largest customers together accounted for approximately 41% of our total net revenues in both 4Q25 and 3Q25. Two customers each accounted for more than 10% of our total net revenues in 4Q25 individually. Our top 10 customers contributed 58% of our total net revenues in both 4Q25 and 3Q25. Our customers that are integrated device manufacturers or IDMs accounted for 35% of our total net revenues in both 4Q25 and 3Q25.  EMS BASIS

Our five largest customers together accounted for approximately 70% of our total net revenues in 4Q25, compared to 71% in 3Q25. One customer accounted for more than 10% of our total net revenues in 4Q25. Our top 10 customers contributed 76% of our total net revenues in 4Q25, compared to 77% in 3Q25. 1 All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.).  Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period.  Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements.  In addition, the financial information presented is not necessarily indicative of our results of operations for any future period.

2 EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items.

3 Borrowings include bank loans and bills payable.

About ASE Technology Holding Co., Ltd.
ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia, Philippines, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services. 
For more information, please visit our website at https://www.aseglobal.com.

Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.  Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.  The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release.  These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. The announced results of the full year of 2025 are preliminary and subject to audit adjustments. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2024 Annual Report on Form 20-F filed on March 27, 2025.

Supplemental Financial Information
(Unaudited)

Consolidated Operations

4Q25

3Q25

4Q24

EBITDA[2] (NT$ million)

38,344

32,613

28,797

ATM Operations

4Q25

3Q25

4Q24

Net Revenues (NT$ million)

109,707

100,289

88,363

Revenues by Application

Communication

45 %

45 %

53 %

Computing

25 %

25 %

17 %

Automotive, Consumer & Others

30 %

30 %

30 %

Revenues by Type

Bumping, Flip Chip, WLP & SiP

49 %

48 %

47 %

Wirebonding

24 %

26 %

27 %

Others

7 %

6 %

7 %

Testing

19 %

18 %

18 %

Material

1 %

2 %

1 %

Capacity & EBITDA

Equipment CapEx (US$ million)

704

736

616

EBITDA2 (NT$ million)

34,451

27,969

24,845

Number of Wirebonders

25,001

25,120

25,328

Number of Testers

7,359

7,066

6,300

EMS Operations

4Q25

3Q25

4Q24

Net Revenues (NT$ million)

68,991

69,022

74,895

Revenues by Application

Communication

30 %

30 %

37 %

Computing

11 %

9 %

9 %

Consumer

36 %

40 %

33 %

Industrial

13 %

12 %

11 %

Automotive

8 %

7 %

8 %

Others

2 %

2 %

2 %

Capacity 

Equipment CapEx (US$ million)

28

40

24

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million, except per share data)
(Unaudited)

For the three months ended

For the year ended

Dec. 31

2025

Sep. 30

2025

Dec. 31

2024

Dec. 31

2025

Dec. 31

2024

Net revenues

Packaging

86,465

79,806

70,285

308,343

261,732

Testing

20,863

18,420

15,713

71,900

54,562

EMS

68,555

68,405

74,243

257,193

271,293

Others

2,032

1,938

2,023

7,952

7,823

Total net revenues

177,915

168,569

162,264

645,388

595,410

Cost of revenues

(143,179)

(139,692)

(135,633)

(531,195)

(498,478)

Gross profit

34,736

28,877

26,631

114,193

96,932

Operating expenses

Research and development

(8,960)

(8,308)

(7,676)

(32,852)

(28,830)

Selling, general and administrative

(8,086)

(7,368)

(7,744)

(30,585)

(28,935)

Total operating expenses

(17,046)

(15,676)

(15,420)

(63,437)

(57,765)

Operating income

17,690

13,201

11,211

50,756

39,167

Net non-operating income and expenses

Interest expense - net

(1,712)

(1,428)

(1,308)

(5,599)

(4,864)

Foreign exchange gain (loss) - net

(2,992)

(3,790)

(2,787)

3,428

(5,539)

Gain on valuation of financial assets and liabilities - net

4,376

5,191

4,017

341

9,833

Gain (Loss) on equity-method investments - net

257

294

(133)

814

868

Others - net

641

508

441

1,561

2,219

Total non-operating income and expenses

570

775

230

545

2,517

Income before tax

18,260

13,976

11,441

51,301

41,684

Income tax expense

(3,248)

(2,615)

(1,862)

(9,461)

(7,758)

Income from operations and before non-controlling interests

15,012

11,361

9,579

41,840

33,926

Non-controlling interests

(299)

(491)

(267)

(1,182)

(1,443)

Net income attributable to shareholders of the parent

14,713

10,870

9,312

40,658

32,483

Per share data:

Earnings per share

– Basic

NT$3.37

NT$2.50

NT$2.15

NT$9.37

NT$7.52

– Diluted

NT$3.24

NT$2.41

NT$2.07

NT$8.89

NT$7.23

Earnings per equivalent ADS

– Basic

US$0.219

US$0.168

US$0.134

US$0.601

US$0.470

– Diluted

US$0.210

US$0.162

US$0.129

US$0.571

US$0.452

Number of weighted average shares used in diluted EPS calculation (in thousand shares)

4,462,335

4,419,121

4,399,409

4,429,553

4,392,013

FX (NTD/USD)

30.88

29.74

32.16

31.15

32.00

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million) 
(Unaudited)

For the three months ended

For the year ended

Dec. 31

2025

Sep. 30

2025

Dec. 31

2024

Dec. 31

2025

Dec. 31

2024

Net revenues:

Packaging

87,397

80,602

71,342

311,799

265,858

Testing

20,863

18,420

15,713

71,900

54,562

Direct material

1,352

1,190

1,233

5,191

5,130

Others

95

77

75

338

325

Total net revenues

109,707

100,289

88,363

389,228

325,875

Cost of revenues

(80,883)

(77,592)

(67,754)

(297,848)

(252,712)

Gross profit

28,824

22,697

20,609

91,380

73,163

Operating expenses:

Research and development

(7,182)

(6,695)

(6,047)

(26,240)

(22,438)

Selling, general and administrative

(5,561)

(5,140)

(5,127)

(21,045)

(18,739)

Total operating expenses

(12,743)

(11,835)

(11,174)

(47,285)

(41,177)

Operating income

16,081

10,862

9,435

44,095

31,986

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
 (In NT$ million) 
(Unaudited)

For the three months ended

For the year ended

Dec. 31

2025

Sep. 30

2025

Dec. 31

2024

Dec. 31

2025

Dec. 31

2024

Net revenues

68,991

69,022

74,895

259,079

272,550

Cost of revenues

(62,752)

(62,643)

(68,713)

(235,384)

(248,135)

Gross profit

6,239

6,379

6,182

23,695

24,415

Operating expenses

Research and development

(1,813)

(1,671)

(1,673)

(6,787)

(6,542)

Selling, general and administrative

(2,467)

(2,167)

(2,523)

(9,286)

(9,883)

Total operating expenses

(4,280)

(3,838)

(4,196)

(16,073)

(16,425)

Operating income

1,959

2,541

1,986

7,622

7,990

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)

As of Dec. 31, 2025

As of Sep. 30, 2025

Current assets

Cash and cash equivalents

92,469

75,142

Financial assets – current

9,514

8,270

Trade receivables

125,042

125,663

Inventories

69,383

66,182

Others

17,387

18,823

Total current assets

313,795

294,080

Financial assets - non-current & investments - equity -method

45,677

41,678

Property, plant and equipment

421,115

397,195

Right-of-use assets

12,636

12,725

Intangible assets

64,807

65,439

Others

31,303

31,527

Total assets

889,333

842,644

Current liabilities

Short-term borrowings[3]

43,328

59,976

Long-term debts - current portion

6,688

7,837

Trade payables

88,754

90,442

Others

105,579

101,298

Total current liabilities

244,349

259,553

Bonds payable

11,468

17,370

Long-term borrowings[3]

202,613

201,577

Other liabilities

57,536

24,591

Total liabilities

515,966

503,091

Equity attributable to shareholders of the parent

346,900

317,043

Non-controlling interests

26,467

22,510

Total liabilities & shareholders' equity

889,333

842,644

Current ratio

1.28

1.13

Net debt to equity ratio

0.46

0.63

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)

        For the three months ended

For the year ended

Dec. 31

2025

Sep. 30

2025

Dec. 31

2024

Dec. 31

2025

Dec. 31

2024

Cash Flows from Operating Activities

Income before tax

18,260

13,976

11,441

51,301

41,684

Depreciation & amortization

17,825

16,992

15,360

67,440

59,815

Other operating activities items

34,720

(16,342)

8,444

23,508

(10,711)

Net cash generated from operating activities

70,805

14,626

35,245

142,249

90,788

Cash Flows from Investing Activities

Net payments for property, plant

and equipment

(37,776)

(44,920)

(31,546)

(162,149)

(78,614)

Other investment activities items

(818)

(996)

(11)

(3,495)

(5,295)

Net cash used in investing activities

(38,594)

(45,916)

(31,557)

(165,644)

(83,909)

Cash Flows from Financing Activities

Total net proceeds from (repayment of) borrowings and bonds

(20,783)

49,518

(1,952)

67,043

16,487

Dividends paid

-

(23,034)

-

(23,034)

(22,460)

Other financing activities items

426

1,234

(121)

1,260

(1,298)

Net cash generated from (used in) financing activities

(20,357)

27,718

(2,073)

45,269

(7,271)

Foreign currency exchange effect

5,473

5,929

3,167

(5,898)

9,601

Net increase in cash and cash equivalents

17,327

2,357

4,782

15,976

9,209

Cash and cash equivalents at the beginning of period

75,142

72,785

71,711

76,493

67,284

Cash and cash equivalents at the end of period

92,469

75,142

76,493

92,469

76,493

Investor Relations Contact

        [email protected] 

        Tel: +886.2.6636.5678

        https://www.aseglobal.com

SOURCE ASE Technology Holding Co., Ltd.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Journalist

Posted: February 5, 2026

After four straight days of heavy outflows that wiped out more than $1.5 billion, U.S Spot Bitcoin [BTC] ETFs finally saw a rebound on 02 February. Investors poured in $561.8 million in net inflows, signaling renewed confidence from large institutions.

As Bitcoin hovered near the $75,000-level, major players appeared to view the drop as a buying opportunity. Here, it’s worth pointing out though that at press time, the cryptocurrency had fallen by another 6% to trade close to $70,000. 

Fidelity Investments’ FBTC led the inflows with $153.3 million, followed by BlackRock’s IBIT with $142 million.

This suggested that big asset managers were stepping in, even as retail investors remained cautious.

Needless to say, this optimism did not last long.

Bitcoin ETFs see outflows Less than a day later, on 03 February, the trend reversed itself again.

Bitcoin ETFs recorded $272 million in net outflows, showing that institutions were quick to pull back when the prices failed to move higher. Such a sharp shift may be evidence of growing uncertainty in the market. 

The outflows were led by Fidelity Investments’ FBTC, which lost $148.7 million, almost wiping out its gains from the previous day. This was followed by Ark Invest’s ARKB with $62.5 million in outflows and a combined $90.4 million from Grayscale Investments’ Bitcoin funds.

On the contrary, BlackRock’s IBIT was the only major fund to see inflows – Adding about $60 million.

Other altcoin ETFs’ analysis However, this was not enough to support the market. In fact, more interesting than the outflows from Bitcoin is where some of the money appeared to be going. 

For instance, Ethereum [ETH] ETFs attracted $14 million in new inflows.

Meanwhile, Ripple [XRP] ETFs gained $19.46 million, and Solana [SOL] ETFs added $0.9 million.

This suggested that while investors have been reducing their exposure to Bitcoin, some are doing so by shifting towards other digital assets instead of leaving the market entirely.

What’s more? It may also be a sign that institutions are not leaving crypto altogether. Instead, they are reducing risk and spreading their investments.

On 01 February too, about $509.7 million flowed out of Spot Bitcoin ETFs, setting the tone for a difficult week. By the end of the period, total outflows had reached $1.7 billion – The largest drop in liquidity since mid-November.

These sharp February outflows underline a shift in sentiment, showing that even institutional investors are no longer immune to short-term uncertainty in the crypto market.

Final Thoughts Sharp swings in Bitcoin ETF flows highlight growing uncertainty among institutional investors. February’s whipsaw revealed that institutions are still searching for stable entry points.

Ishika Kumari is a Crypto Analyst and Content Strategist at AMBCrypto, specializing in the analysis of cryptocurrency regulations, market trends, and the socio-political impact of blockchain technology. Her expertise is grounded in her academic background as a graduate of Political Science from the renowned University of Delhi. This discipline has equipped her with a sophisticated framework for analyzing complex governance models, international regulatory landscapes, and the economic principles that underpin decentralized systems. At AMBCrypto, Ishika applies this unique analytical lens to her work. She excels at breaking down intricate subjects—from the technicalities of new protocols to the nuances of global crypto legislation—into clear, accessible, and insightful content. Her primary mission is to bridge the gap between the complexity of the digital asset industry and the everyday reader, ensuring that AMBCrypto's audience is not just informed, but truly understands the forces shaping the future of finance.

Dogecoin active addresses jump 36% to 71,400 as price returns to a long-term base, signaling renewed network activity and potential market moves.

Tatevik Avetisyan2 min read

5 February 2026, 05:01 AM

Dogecoin is showing fresh movement on chain and on the chart at the same time. Active addresses rose 36% to above 71,400, while DOGE also returned to a long term base zone on the weekly timeframe.

Dogecoin active addresses jump 36% in a weekDogecoin network activity rose sharply over the past week, with active addresses climbing above 71,400, according to data shared by market analyst Ali Charts. The update points to a 36% increase in DOGE network participation compared with the prior week, based on Santiment data cited in the chart.

Dogecoin Active Addresses. Source: Santiment via Ali Charts (X)

The chart shows active Dogecoin addresses trending higher from late January into early February. After a brief dip around Jan. 25–26, activity began to rise steadily. By Feb. 1, the number of active addresses moved from the low 50,000s to above 71,400. This marks the strongest weekly expansion in address activity shown on the snapshot.

The rise in active addresses signals heavier on chain usage over a short period. As activity increased day by day, the network recorded a clear acceleration in interactions rather than a single day spike. The move unfolded alongside renewed market attention on DOGE, as reflected by the rapid week over week change in address counts.

Dogecoin weekly chart shows price returning to baseMeanwhile, Dogecoin price moved back into a long-term base zone on the weekly chart, according to a TradingView snapshot shared by analyst Trader Tardigrade on X. The chart highlights DOGE revisiting a horizontal support band near the $0.10 area after a prolonged downtrend from the 2024 peak. The base zone appears as a repeated reaction area where price previously consolidated before earlier expansions.

Dogecoin Weekly Chart. Source: Trader Tardigrade (X)

The weekly structure shows DOGE falling from the 2024 high near the $0.45–$0.48 range, then grinding lower through a series of lower highs. As price approached the highlighted base, selling pressure eased and candles compressed near the same support band. This mirrors earlier periods on the chart where DOGE paused at similar levels before sharp directional moves followed.

The latest touch of the base marks another test of long-term support on the weekly timeframe. The structure shows multiple historical reactions at this zone, with price repeatedly stabilizing after declines. The chart frames the current move as a return to a prior accumulation range rather than a single isolated dip.

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Congressional investigators seek ownership records, payment trails and stablecoin documents from the Trump-linked crypto firm following reports of Emirati backing and its USD1 token’s role in a $2 Billion Binance transaction Feb 5, 2026, 5:05 a.m.

A U.S. House investigation is probing whether World Liberty Financial, a Trump-associated crypto venture, and its dollar-pegged token became entangled with foreign sovereign capital and U.S. technology policy.

The move follows a Wall Street Journal report that an Abu Dhabi-linked entity secretly agreed to buy a 49% stake in World Liberty Financial for $500 Million shortly before President Donald Trump’s inauguration in early 2025.

STORY CONTINUES BELOW

Rep. Ro Khanna (D-Penn), ranking member of the House Select Committee on the Chinese Communist Party – a temporary U.S. House panel that investigates and studies how China affects U.S. interests – has sent a formal letter demanding ownership records, payment details and internal communications from the company, framing the inquiry around potential conflicts of interest, national-security risks tied to AI chip export controls and the role of World Liberty’s USD1 stablecoin in a separate $2 Billion Binance investment.

Khanna’s letter asks World Liberty to confirm details of the reported Emirati investment, including whether $187 million flowed to Trump family entities and whether additional payments were made to affiliates of the company's co-founders.

The House investigation also requested capitalization tables, profit distributions, board appointment records, and due diligence materials tied to Aryam Investment 1, the vehicle identified in press reports.

A significant portion of the inquiry focuses on USD1, World Liberty’s dollar-pegged stablecoin, which was used to settle MGX’s $2 billion investment in the crypto exchange Binance.

Khanna and lawmakers are seeking documentation on how USD1 was selected, the revenue generated by the transaction, and whether company personnel were involved in discussions regarding the later presidential pardon of Binance founder Changpeng Zhao.

The House committee also instructs the company to preserve electronic communications and internal compliance policies related to conflicts of interest, export controls, and dealings with entities tied to the United Arab Emirates or China.

World Liberty has until March 1 to deliver the requested records.

MSTR stock tumbles amid market volatility as institutional crypto investments face mounting pressure.

Strategy, the world’s largest crypto treasury firm, has seen unrealized losses on its Bitcoin holdings reach $3.8 billion amid a sharp market downturn that drove the crypto asset below $71,000.

The recent sell-off, falling on Michael Saylor’s birthday, sparked $777 million in liquidations in 24 hours, largely from long bets.

Bitcoin has declined roughly 19% so far this year and now trades at levels last seen around the 2024 election, TradingView data shows.

Strategy holds 713,502 BTC acquired for approximately $54.3 billion at an average price of around $76,000 per coin.

MSTR shares are also under pressure, closing Wednesday down 3% at $129 and slipping further in after-hours trading. The stock has dropped over 70% since its July 2025 peak and 15% so far in 2026.

Bitcoin trades near $70K with over $2.56B liquidated as price hits 2026 lows and analysts warn of further downside amid weakening momentum.

Emir Abyazov2 min read

5 February 2026, 05:15 AM

Bitcoin Price Today continues to struggle, trading around $70,000–$71,000 after recent volatility pushed it to multimonth lows not seen since late 2024. Traders have faced significant pressure from forced exits as leveraged positions unwind, with over $2.5 billion in BTC liquidations reported during the latest downturn — one of the largest liquidation episodes in recent crypto history.

The sharp drop below key technical levels, including the 365‑day moving average, has added to bearish sentiment. According to on‑chain analytics firm CryptoQuant, since Bitcoin fell below this long‑term trend line on Nov 12, 2025, the price has declined 23% in just 83 days, compared with only a 6% drop over the same period in the early 2022 bear cycle, signaling that momentum is deteriorating faster this cycle.

Market breadth indicators such as stablecoin liquidity and ETF flows are also weakening. CryptoQuant notes that U.S. spot Bitcoin ETFs have flipped from net buyers to net sellers in 2026, with demand growth collapsing, further pressuring price action.

Analyst Views & CryptoQuant On‑Chain SignalsCryptoQuant’s Bull Score Index, a composite of market liquidity, volatility, and demand signals, has flipped bearish, suggesting structural downside risk. Some analysts now see key support between $70,000 and $60,000 if current trends persist.

An industry analyst commented that declining institutional demand, weakening derivatives markets, and subdued retail participation point to an extended period of caution for Bitcoin. Broader macroeconomic fears and risk‑off sentiment in traditional markets have also weighed on BTC’s price trajectory.

On the on‑chain front, Bitcoin holders have recently entered a net realized loss phase, with realized profits dropping to levels last seen near the March 2024 bottom, suggesting profit‑taking has dried up and conviction is waning.

With indicators showing demand exhaustion and price structure weakening faster than past cycles, traders remain cautious — watching key support zones and potential catalysts that could stabilize Bitcoin Price Today.

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Solana failed to settle above $102 and extended losses. SOL price is now consolidating losses below $95 and might struggle to start a recovery wave.

SOL price started a fresh decline below $100 and $95 against the US Dollar. The price is now trading below $100 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $98 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $90 or $85. Solana Price Dips Further Solana price failed to remain stable above $105 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $100 and $95 support levels.

The price gained bearish momentum below $92. A low was formed at $89, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $106 swing high to the $89 low.

Solana is now trading below $95 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $93 level. The next major resistance is near the $97 level or the 50% Fib retracement level of the downward move from the $106 swing high to the $89 low. There is also a key bearish trend line forming with resistance at $98 on the hourly chart of the SOL/USD pair.

Source: SOLUSD on TradingView.com The main resistance could be $102. A successful close above the $102 resistance zone could set the pace for another steady increase. The next key resistance is $106. Any more gains might send the price toward the $112 level.

More Losses In SOL? If SOL fails to rise above the $98 resistance, it could continue to move down. Initial support on the downside is near the $90 zone. The first major support is near the $85 level.

A break below the $85 level might send the price toward the $82 support zone. If there is a close below the $82 support, the price could decline toward the $74 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $90 and $85.

Major Resistance Levels – $98 and $102.

Crypto prices today are in the red as forced liquidations and weak demand pushed major tokens lower.

Summary

Extreme fear dominated sentiment, with the Fear & Greed Index at 12. Analysts see $70,000 as the next key level for Bitcoin. Short-term recovery possible if BTC holds $72,000–$74,000 and spot inflows resume. At press time, total crypto market capitalization was down 4.4% to $2.35 trillion. Bitcoin fell 5.5% in the past 24 hours to $73,103. Almost all top 100 altcoins were in the red.

Solana briefly slipped below $90, a level last seen in 2024, and was trading at $91, down 7.6%. Uniswap declined 3% to $3.78, while Pump.fun dropped 6% to $0.002271.

Alternative’s Fear and Greed Index fell two points to 12, remaining in the extreme fear range. The average relative strength index across the market was at 40, showing weak short-term momentum.

In addition, total open interest fell 4% to $106 billion, indicating continued deleveraging. 

Liquidations put pressure on crypto prices Much of the selling pressure came from forced liquidations in leveraged futures and perpetual contracts. Traders holding highly leveraged long positions faced margin calls, leading exchanges to automatically close those positions. This added to the selling and contributed to cascading losses.

According to CoinGlass data, long positions accounted for $520 million of the $650 million in total liquidations, which rose by 22% over the previous day. Since late January 2026, cumulative liquidations have now reached about $7 billion, contributing to a market capitalization drop of roughly $500 billion in the same period.

Open interest is now at multi-month lows in several markets, indicating that over-leveraged positions are being cleared.

Other pressures are coming from risk-averse behavior across financial markets. Crypto has moved alongside declines in technology stocks, mostly AI-related shares. Hawkish signals from the Federal Reserve, including expectations for higher interest rates for longer, have reduced liquidity and made speculative assets less attractive.

Institutional flows have weakened as well. Spot Bitcoin exchange-traded funds have seen outflows in recent weeks, while a negative Coinbase premiums and selling by large holders has added steady pressure.

Short-term outlook and analyst views The short-term outlook for crypto is cautious. Bitcoin has broken support in the $75,000–$78,000 range, and many analysts are watching $70,000 as the next test level. If the price falls below that, it could move toward $65,000–$68,000 if selling intensifies.

On the upside, a hold above $72,000–$74,000 could allow a relief rally toward $82,000–$88,000 by late February. Liquidity is thin, and market swings could be sharp if macroeconomic news or Fed updates influence sentiment.

Polymarket odds now show an 82% probability of Bitcoin falling below $70,000. Analysts at Citi noted that slowing spot ETF inflows and regulatory uncertainty could push Bitcoin toward that level. In a February 4 report, Citi highlighted that the average entry price for spot ETF investors is $81,600.

Compared with gold, which has gained amid geopolitical concerns, Bitcoin is more sensitive to liquidity and risk appetite. According to Citi, delays in the U.S. CLARITY crypto bill and shrinking liquidity from the Federal Reserve are also adding pressure.

As of now, traders are watching closely to see whether oversold conditions and historical February trends will create opportunities for short-term relief.

Bitcoin slides below $70,000 on BitstampDuring Asian trading hours, BTC hit a low of $69,101 on Bitstamp. Feb 5, 2026, 5:49 a.m.

BTC slides below $70K on Bitstamp

What to know: During Asian trading hours, BTC hit a low of $69,1010 on Bitstamp.BTC hit lows close to $70,000 on other exchanges, including Coinbase.Bitcoin's price sell-off continued Thursday, with prices breaking below the widely-tracked $70,000 level on the OG crypto exchange Bitstamp.

BTC's dollar-denominated price slipped to $69,101 during the Asian trading hours, trading a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002.

STORY CONTINUES BELOW

BTC's price on Bitstamp. (Bitstamp)