GuShiio.com News Brief: February 10, Bitcoin fell back by more than 8%, market sentiment turned to fear, and institutions are still optimistic about the long-term trend

Bitcoin Price Retracement: Bitcoin price plummeted from $104,800 on the 19th to $95,700, a drop of more than 8%. In the past 24 hours, the amount of liquidation reached $1.003 billion, and more than 300,000 people were liquidated.
Ethereum Price Fluctuation: Ethereum price was $2,646.96, up 0.68% in 24 hours, with a market value of $319.19 billion.
Market sentiment fear: Cryptocurrency market sentiment fell from last week’s “neutral” index of 54 to “fear” 35, with mainstream and altcoins falling across the board.

Bitcoin super cycle theory: Many technical analysts remain optimistic about the long-term trend of Bitcoin and Ethereum, believing that the market adjustment is only a short-term correction and there is still potential for growth in the future.
Solana spot ETF application: The U.S. Securities and Exchange Commission (SEC) accepted Solana’s spot ETF application for the first time, showing a further open attitude towards the cryptocurrency market.
Cardano price analysis: Analysts predict that February may be a month of crazy growth for ADA, and the market is optimistic about the future development of Cardano.

Ethereum technology upgrade: Ethereum will usher in a number of technical upgrades in 2025, including the full implementation of Danksharding and an upgrade called “Pectra”. These technical improvements will significantly enhance Ethereum’s scalability and user experience.
Bitcoin ecosystem expansion: Bitcoin’s Ordinals and Runes technologies bring NFT functions and new token standards to Bitcoin, showing the market’s recognition of Bitcoin’s ecological expansion.

Institutional capital inflows: This week, Bitcoin ETFs had a net inflow of $36 million, and Ethereum ETFs had a net inflow of $409 million, showing the continued attention of institutions to the cryptocurrency market.
Market Hot Spots: This week’s popular currencies include BERA, QTUM, ALEO and Dogcoin, among which BERA’s weekly increase reached 689.64%.

US State Government Reserve Act: The Utah House of Representatives’ “Strategic Bitcoin Reserve” bill has been officially passed and has now been submitted to the Senate. At the same time, Iowa has proposed a bill to establish a strategic Bitcoin reserve.
Global Stablecoin Regulatory Framework: The G20 is expected to complete a unified global stablecoin regulatory framework by 2025, which will have a significant impact on the issuance, reserve requirements and cross-border payment applications of stablecoins.