Crypto Daily | 10/02/2026

1. Crypto Market
• Bitcoin (BTC): Current price $70,132.41, down 0.6% in the past 24 hours. Despite a slight recovery, BTC remains significantly below the all-time high of $126,000 set in October 2025.
• Ethereum (ETH): Current price $2,111.31, up 1.2% in 24h.
Market capitalization: The total market cap is approximately $2.42 trillion, with Bitcoin dominance maintaining a high level around 57–58%, indicating that capital continues to favor leading assets.
• Market sentiment: The Fear & Greed index is at 14 (Extremely Fearful), reflecting prolonged caution after major liquidations. Supply pressure is also present as the market anticipates over $278 million worth of tokens unlocking in the second week of February, mainly from major projects like CONX, AVAX, and APT, which could cause short-term volatility.
• Capital flows & on-chain activity: According to Lookonchain, in just 15 minutes, Arthur Hayes transferred tokens worth over $3 million, including ENA, ETHFI, and PENDLE, raising concerns about short-term profit-taking in some altcoins.
2. Geopolitics, Macroeconomics, and Legal Developments
• US Policy: On February 10, the White House held a closed-door meeting to discuss the CLARITY Act, related to crypto market structure and stablecoin yields. The outcome of this meeting could directly influence short-term market trends. Meanwhile, the nomination of hawkish Fed officials continues to exert pressure on risk assets.
• Global Geopolitics: US-Iran tensions in the Middle East are causing capital to withdraw from crypto and seek safe-haven assets, with gold hitting a new all-time high above $5,000 per ounce. Additionally, the risk of US-China trade war and tariff threats continues to maintain a “risk-off” stance in the markets.
• South Korea has announced tighter crypto market oversight following incidents involving Bithumb, indicating increasing regulatory pressure in the region.
Summary
BTC is trying to establish a new equilibrium around the $70,000 mark, but the current environment still carries significant risks. Geopolitical tensions, tightening monetary policies, token unlock supply, and on-chain profit-taking suggest the market needs more time to stabilize. If macroeconomic factors worsen or US regulatory frameworks remain unfavorable, a downward trend could re-emerge.