Secondary Market Daily Report 20260211

Market Overview
The cryptocurrency market is currently in a bottoming phase characterized by extreme fear and volatile downward movements. Bitcoin is trading around the key support level of $65,000, with the Fear & Greed Index dropping into the extreme fear zone (around 9-11). Although short-term market fluctuations are driven by ETF capital flows, on-chain data shows clear signs of accumulation, and the market is awaiting a catalyst to break the deadlock.

Mainstream Coin Analysis
BTC
There are clear bullish trading opportunities. Major institutions like Goldman Sachs have significantly increased their holdings, and suspected Coinbase Satoshi-related accounts are also adding positions, indicating strong capital support. Hong Kong’s regulatory easing on perpetual contracts and related policies also provide long-term positive signals for the ecosystem. Technically, if the current channel is successfully broken, there is potential to challenge the $100,000–$130,000 level. In the short term, there is no need to be overly bearish.

ETH
The current price is approximately $1,989, caught in a tug-of-war between selling pressure and positive catalysts. On the positive side, Hong Kong’s SFC has relaxed rules on perpetual and financing services, and Ferrari’s support for ETH payments has accelerated institutional adoption. However, traders should be cautious of the large amount of trapped capital at the average ETF investor cost basis of $3,500. Conservative investors are advised to wait until ETH breaks above the $2,200 resistance level before entering.

SOL
Priced at $81, on-chain weekly trading volume hit a record high. Goldman Sachs’s holdings and Ripple’s new staking channels indicate high institutional recognition. In the short term, a rebound is possible following positive non-farm payroll data expectations, but traders should watch out for technical risks such as a “head and shoulders” pattern, which would require a break of the neckline to confirm a trend reversal.

BNB
Currently priced at $613, the overall trend is downward. Although macroeconomic expectations of rate cuts may temporarily boost sentiment, competitors like HYPE are capturing significant market share, leading to a slowdown in BNB’s growth momentum. In the short term, a small position for a rebound is suggested, but long-term investors should closely monitor Binance’s new business developments.

Popular Coin Updates
HYPE
A highly promising value project. Its platform trading volume has reached 1.86 times that of Coinbase, yet its market cap is only one-sixth of Coinbase’s, indicating a severely undervalued asset. The 50% fee auto-buyback and burn mechanism creates a strong positive flywheel. In the short term, if liquidity below $27 can be absorbed effectively, the path to $50 will become very clear.

AAVE
The short-term bullish case is clear. As a leading DeFi lending platform, AAVE’s market share has risen to 62.82%, with V4 upgrades and RWA (Real World Assets) initiatives progressing steadily. Deployment on the Mantle chain tomorrow, along with an 8 million MNT incentive, will directly stimulate user growth. After a 23% price correction, the current valuation offers high cost-effectiveness.

ZRO
Short-term sentiment remains bullish, but long-term pressure persists. The launch of the institutional-grade L1 blockchain Zero, supported by giants like Citadel and ARK, caused a single-day price increase of over 20%. However, traders should be cautious of the upcoming unlock of 25.71 million tokens on February 20, which could exert selling pressure. Long-term value depends on the final outcome of the June fee mechanism voting.

XRP
Goldman Sachs has disclosed holding approximately $153 million worth of XRP, signaling Wall Street’s increased confidence in the asset. Coupled with the upcoming XRP Community Day, positive fundamentals are expected to offset short-term volatility from large transfers. A light position is recommended to capitalize on institutional entry-driven pulses.

The above information is automatically generated by @xhunt_ai and does not constitute investment advice.