Bitcoin Closes in the Red for Four Straight Months
Welcome to the Daily for February 3, 2026. ☕️
Hello Cointribe! 🚀
It’s Tuesday, February 3, 2026. 👋 Here’s a quick pulse check on the crypto market, breaking down the key moves and stories from the past 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
☀️ Sunny
24h crypto recap! ⏱
📉 Crypto Funds Hit by Sharp Capital Outflows
Crypto investment products have suffered $3.43 billion in net withdrawals over a two-week period, marking the steepest outflow since 2022. Funds based in the United States accounted for most of the decline, while Bitcoin, Ethereum, XRP, and Solana products all recorded losses. Even major asset managers were affected, as institutional sentiment weakened amid falling prices and rising macroeconomic uncertainty.
👉 Read the article
₿ Bitcoin Slips Below $75K as Strategy Accumulates More BTC
Bitcoin briefly fell below the $75,000 threshold during a period of heightened market volatility. Amid the decline, Strategy continued its long-term accumulation strategy by purchasing 855 additional bitcoins. The transaction, disclosed in a regulatory filing, underscores the company’s treasury approach despite short-term price weakness. The move highlights ongoing institutional conviction even as broader market sentiment remains cautious.
👉 Read the article
📈 BitMine Expands ETH Holdings Despite Rising Unrealized Losses
BitMine has increased its Ethereum reserves by adding more than 41,000 ETH to its balance sheet, bringing total holdings above four million ETH. The purchase comes as unrealized losses on its crypto assets approach $6 billion following recent market declines. The company highlights Ethereum network activity and staking income as factors supporting its long-term accumulation strategy.
👉 Read the article
📊 Inflation Data Discrepancy Raises Monetary Policy Questions
A growing gap between official U.S. inflation figures and alternative real-time indicators is raising doubts about current monetary policy. While government data suggests inflation remains above target, independent measures point to significantly lower levels. This divergence is fueling debate over interest rate decisions and how markets, including cryptocurrencies, may react to shifting economic signals.
👉 Read the article
💎 Kraken Adds Hyperliquid’s HYPE Token With USD and EUR Pairs
U.S. exchange Kraken has listed Hyperliquid’s native HYPE token for spot trading with HYPE/USD and HYPE/EUR pairs, offering direct fiat access for the first time and reinforcing institutional credibility. The listing coincides with a notable weekly price rise driven by increased commodity perpetual volumes on Hyperliquid’s protocol. Hyperliquid, built on its own Layer 1 blockchain with an on-chain order book, is rapidly gaining market share in decentralized perpetual trading.
👉 Read the article
🚀 Crypto of the Day: Hyperliquid (HYPE)
Hyperliquid (HYPE) Climbs Strongly Despite Market Downturn
Our crypto pick for the day is Hyperliquid (HYPE). The token has defied broader market weakness, surging more than 32% in the past week. Traders and liquidity providers are returning to the platform’s decentralized derivatives ecosystem, signaling renewed interest and momentum.
Technical Momentum Driving HYPE
From a technical perspective, HYPE has broken above its 20-day moving average, signaling growing short-term bullish momentum. The Relative Strength Index (RSI) sits near 64, suggesting there’s still room for further gains before the token becomes overbought. Meanwhile, the price is approaching the upper Bollinger Band, reflecting active buying interest and increased volatility. These indicators suggest HYPE could continue its upward trajectory if momentum persists.
Strong Fundamentals and Market Milestones
Data from DifiLlama shows Hyperliquid’s daily revenue peaked at around $4.3 million near January 30, fueled by rewards for users and high participation in liquidity activities. Daily revenue has since adjusted to $2.95 million, but the protocol’s annualized earnings are $833.07 million, reflecting strong engagement and trading activity.
Key points include:
Robust trading volumes supporting liquidity and market depth
Strong user participation in reward programs
Healthy liquidity enabling smoother derivatives trading
Revenue and activity growth despite the broader market slowdown
On February 2, 2026, Hyperliquid reached a major milestone when open interest on its HIP-3 perpetual futures markets hit $1 billion, with 24-hour trading volume at $4.8 billion. This shows growing adoption and trust in the protocol’s markets.
With solid technical signals and rising activity, HYPE appears well-positioned for continued growth. Investors looking for a token with both momentum and strong fundamentals may find Hyperliquid an appealing choice.
📊 Real-time Performance (CMC)
💵 Current Price: $37.45
📉 24h Change: 21.89%
💰 Market Capitalization: $11.31B
🏅 CoinMarketCap Rank: #10
🪙 Circulating Supply: 302.07M HYPE
📊 Trading Volume (24h): $1B
Bitcoin Closes in the Red for Four Straight Months
📉 A Relentless Monthly Slide
Bitcoin has now wrapped up four consecutive monthly declines, locking in one of its longest losing streaks in recent years. The pullback has been steady rather than chaotic, with price repeatedly failing to hold rebounds. Each bounce has met fresh selling, keeping the market under pressure and confidence fragile.
January was another tough close, with Bitcoin shedding more than ten percent. Instead of a single breakdown, the decline has played out through lower highs and fading momentum. This points to ongoing distribution, not panic, as traders remain cautious and unwilling to commit aggressively.
🔍 Why the Market Keeps Struggling
A key issue is the absence of strong new inflows. Rather than fresh capital stepping in, much of the recent activity reflects existing holders trimming positions. This has limited upside and kept price grinding lower, even without extreme fear in the market.
At the same time, traditional market playbooks are being questioned. The presence of ETFs and institutional flows has reshaped how liquidity moves. As a result, historical cycle models are offering fewer clear signals, adding to the uncertainty around timing a bottom.
📌 Signals That Matter Right Now
Four straight monthly closes in negative territory, a pattern that rarely extends much further
Selling pressure remains controlled, suggesting patience rather than capitulation
February has often acted as a stabilising month after extended drawdowns
Analysts are rethinking classic four-year cycle expectations
🗓️ Why February Is in Focus
February now carries extra weight. In past cycles, long red streaks have often been followed by a pause in downside momentum, even if a full recovery took longer to develop. The goal is not an immediate rally but a break in the pattern of lower monthly closes.
Even a flatter month or a smaller loss would hint that sellers are losing control. That alone could improve sentiment and encourage more balanced positioning.
🧠 A Market at a Turning Point
Bitcoin remains stuck between caution and conviction. While risks are still present, the lack of aggressive breakdowns suggests much of the selling may already be absorbed. February may not deliver fireworks, but it could mark the moment the market finally starts to find its footing.
