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On-Chain Recurrence of the "Bottom Signal"? Bitcoin Stock-to-Flow Convergence Aiming Toward $60,000

2 hours ago

On February 4, a Coindesk report spotlighted an on-chain metric—with a track record of multiple validation cycles—that’s once again grabbing market attention. The data shows: when Bitcoin’s profitable supply and loss-making supply converge significantly, it typically signals a bear market bottom. Glassnode figures reveal roughly 11.1 million BTC are currently in profitable positions, while 8.9 million sit in unrealized loss territory. Historically, when these two metrics near equilibrium, Bitcoin has repeatedly hit its cyclical bottom. Calculated using current cost basis, further convergence of profitable and loss-making supply could push Bitcoin’s spot price near the $60k range. This signal emerged in 2015, 2019, 2020, and 2022—each time aligning closely with major market lows. Analysts note that as Bitcoin’s price oscillates around the overall market cost line, supply shifts between profitable and loss-making positions, reflecting broader investor pressure and sentiment cleansing. If history holds, this metric could be a key gauge for judging whether this bear market cycle is nearing its end.
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Bitcoin Dips Reignite "Four-Year Cycle" Fears, Analysis Suggests Unlikely Return to 80% Plunge

Feb 4: K33 analysis noted Bitcoin has pulled back ~40% from its all-time high, echoing downswing phases of past four-year cycles and sparking market fears of a bear market replay. However, the firm believes the current downturn is structurally different from 2018 and 2022, with less chance of an ~80% peak-to-trough decline. K33 research director Vetle Lunde noted that while recent market action echoes historical deep corrections, the current environment boasts stronger institutional participation, inflows into regulated products, a more accommodative rate environment, and no systemic deleveraging event like 2022’s. He added some bottoming signs have emerged—including extreme pressure readings in spot volumes and derivatives markets—but they’re not enough to confirm a clear bottom. Lunde sees ~$74k as a key support level; if it breaks, prices could drop to $69k or even the $58k area near the 200-week moving average. Overall, K33 views the current price band as a potential accumula

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Vitalik proposes integrating a prediction market and a DAO into the creator token ecosystem, weakening the celebrity effect and strengthening intrinsic value

On February 4th, Ethereum co-founder Vitalik Buterin said the current Creator Coin ecosystem overrewards fame and traffic—and could be improved by combining prediction markets with Creator DAOs. He proposed setting up small Creator DAOs (max 200 members) focused on specific niches, where members vote anonymously to approve new creators, reject applicants, and remove existing ones. Additionally, he suggested adding prediction markets where participants can bet on which creators will get accepted by the DAO. Vitalik argues this setup would turn speculation into “predictions about top-tier creators,” avoiding Creator Coin’s cycle of pure speculative trading. Using DAO revenue to buy back and burn tokens of accepted creators would boost the tokens’ value backing. He emphasized ultimate decision-making should lie with creators making actual high-quality content—not speculators. The idea has sparked industry debate: some question the Creator Coin model outright, while others say the

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Ripple Prime Integrates Hyperledger, Enabling On-Chain Derivatives Trading

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Analysis: Bitcoin Key Trendline Sits at $68,000, Acting as Price 'Support'

On February 4, several traders noted that Bitcoin is approaching the 200-week moving average (EMA/SMA)—a key long-term support level—around $68,000. This level could serve as a critical bottom zone in the current correction. Analysts point out this marks the first time BTC has retested this long-term trendline since late 2023. Historical data shows Bitcoin often retraces to the 200-week moving average and forms a medium-term bottom after breaking below the 100-week moving average. Some traders expect the $68,000 level to be a key area to monitor if prices decline further; should it break, the next focus range may shift to $55,000–$58,000. Despite a more than 40% pullback from its peak, market sentiment has not shown widespread capitulation. Institutional analysts note crypto market “winters” typically last around 14 months, and the current phase may be nearing its end. Meanwhile, U.S. Bitcoin spot ETFs have recorded net outflows of roughly $3.2 billion since mid-January—accountin

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Ethereum Drops Below $2200

On February 4th, Ethereum dropped below $2,200, down 4.68% over the past 24 hours, per HTX market data.

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