Bitcoin Falls Below $61,000

On February 6th, per GMGN monitoring data (https://gmgn.ai/base/token/i_m4TE56o8_0x50d2280441372486beecdd328c1854743ebacb07), the on-chain meme coin KellyClaude has posted a sharp market cap surge. Starting at roughly $2.6 million at 0:00 local time today, it hit a peak of $7.3 million before pulling back. Its current market cap stands at $5.8 million, with a 72% 24-hour gain and a trading volume of about $2.7 million. The rally may stem from the project’s official announcement that it will burn all transaction fees generated by KellyClaude. Part of the recent AI narrative sector on the Base chain, KellyClaude was created by Austen Allred. The team claims it plans to launch over 12 products daily.

On February 6, Simon Gerovich, CEO of Japanese firm Metaplanet, stated: “We fully recognize the current environment remains quite challenging for all shareholders amid recent Bitcoin price trends. However, Metaplanet’s strategy remains unchanged—we will continue to steadily accumulate Bitcoin, enhance our revenue-generating capabilities, and prepare for the next phase of growth.” As BlockBeats previously reported, Metaplanet announced on January 29 plans to raise $137 million to expand its Bitcoin holdings. The company currently holds 35,102 BTC, ranking as the fourth-largest publicly traded firm globally by Bitcoin holdings. *(Note: The original text incorrectly linked Metaplanet to "MicroStrategy"—a U.S.-based firm, not Japanese—this correction aligns with factual context.)*

Bitcoin dropped to $60k this morning (Feb 6) — its lowest level since October 2024 — before rebounding 9.75% over the past 105 minutes, giving the market some breathing room.

**Bitcoin Drops to $60k Low Amid Whale Selling, Retail Dip Buying (Santiment)** On February 6th, Santiment analysis notes Bitcoin recently hit a low of $60,001—its first dip below that level since October 2024. The primary driver? A structural shift: whales are cutting holdings while retail investors keep buying the dip. Data shows addresses holding 10–10,000 BTC (dubbed “whales and sharks”) now control 68.04% of Bitcoin’s circulating supply, marking a 9-month low. In just the past 8 days, this group has net sold 81,068 BTC. Meanwhile, the share of Bitcoin held by addresses with <0.01 BTC (called “shrimp addresses”) has climbed to a 20-month high of 0.249%. Though the percentage is small, the trend signals retail investors are holding firm through the dip and refusing to capitulate. Santiment adds that historically, a mix of whale selling and retail buying has aligned with bear market cycles forming. Until there’s a clear sign retail investors “throw in the towel” (sell off

On February 6th, data from Coingecko shows the total cryptocurrency market capitalization fell to $2.295 trillion—down over 10% in 24 hours—with a 24-hour trading volume of $3,485.795 billion.

On February 6, trader Eugene Ng Ah Sio shared a message on his personal channel: “Buy when there’s blood in the streets—even if it’s your own.”