| | Metaplanet doubles down on Bitcoin buys despite market meltdown | ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ | View in browser | | | | | | February 6, 2026 | | | | Your Daily Digest of the π₯Hottest News in Crypto | | | | Today's top stories π₯ $2.7B liquidated as leveraged Bitcoin longs get wiped out across markets π’ Metaplanet stock slides 5.56% on Tokyo exchange amid market rout π¦ Gemini exits UK, EU and Australia to refocus on US growth π° Keep reading for all of today's biggest headlines | | | | Crypto sentiment at lowest point since 2022 crash as Bitcoin tanks to $60K Crypto market sentiment sunk to its lowest level since the 2022 Terra collapse, with the Crypto Fear & Greed Index falling to a reading classified extreme fear, as Bitcoin slid to around $60,000. BTC is down roughly 38% over the past three weeks, briefly dipping below the 200-week exponential moving average and triggering widespread forced selling. About 588,000 traders were liquidated for a combined $2.7 billion, mostly from leveraged long positions. Analysts linked the move to broader risk-off conditions, including a selloff in tech stocks, softer US jobs signals and growing doubts over Bitcoin's role as a safe haven compared with gold. | | | | | | | | | | Metaplanet vows to keep buying Bitcoin as sentiment craters Metaplanet CEO Simon Gerovich said that the company will continue its Bitcoin accumulation strategy despite a steep market downturn that has battered both crypto prices and Metaplanet's shares. Bitcoin has fallen roughly 50% from its 2025 peak and large liquidations have hit leveraged traders. Even so, Metaplanet — now one of the top public Bitcoin treasury companies — has not indicated plans to sell, echoing other major corporate holders like Strategy despite mounting paper losses across crypto treasuries. | | | | | | | | Gemini announces exit from UK, EU, Australia, slashes workforce Gemini said it will exit the UK, EU, and Australia and cut its workforce by 25% as it shifts resources toward the US, citing weaker demand in those regions, a tougher business environment and AI-driven automation boosting productivity. The exchange plans to prioritize building its US business and expanding its prediction market platform launched in December 2025, which has surpassed 10,000 users and $24 million in trading volume. The move comes amid a broader crypto market downturn and growing competition in prediction markets led by Polymarket and Kalshi. | | | | | | | | MARKET ANALYSIS | | | | Will Bitcoin rebound to $90K by March? Here's what BTC options say Bitcoin dropped below $63,000, its lowest level since November 2024, after weak US job data, a slipping stock market and worries about an AI investment bubble increased risk aversion. The move extends a roughly 30% pullback from its failed late-January push above $90,500, leaving traders doubtful about a quick return to strong bullish momentum.
Bitcoin options pricing on Deribit implies only about a 6% chance BTC reaches $90,000 by late March, while a $50,000 downside scenario is priced at roughly a 20% probability. Sentiment is also pressured by concerns ranging from quantum-computing security risks to potential forced selling by debt-funded corporate Bitcoin holders. | | | | | | | | 4.6 million people follow us on social media. You should too. | | | | | | | | | Cointelegraph DMCC, Business Centre, Level No 12, Uptown Tower Dubai, United Arab Emirates | |
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