Bullish Sentiment Returns to US Market, Coinbase Bitcoin Premium Index Currently at -0.08%

On February 9, Wall Street investment bank Jefferies released a report noting that stablecoin issuer Tether has continued to expand its gold holdings. As of January 31, Tether’s gold reserves had risen to approximately 148 metric tons—valued at roughly $23 billion at current prices. The stockpile surpasses that of many sovereign nations and ranks among the world’s top 30 gold holders. The report details: - Tether added ~26 tons of gold in Q4 2025. - It purchased another ~6 tons in January 2026. - Its quarterly gold purchase volume is second only to a handful of central banks (including Poland and Brazil). Currently, Tether’s reserves exceed those of Australia, the UAE, Qatar, South Korea, and Greece. Jefferies emphasized the gold primarily backs Tether’s U.S. dollar stablecoin USDT and its gold-backed token XAUT. Since Tether is privately held, its disclosures are minimal—meaning actual holdings may be higher than reported. Tether CEO Paolo Ardoino previously state

**Feb 9th Update** Coin Bureau CEO Nic noted Bitcoin has closed below its 100-week moving average for the third straight week. The crypto is currently trading below its long-term trend line for 13 consecutive days. Historical data shows BTC typically stays below the long-term trend line for an average of 267 days once it drops below it. The shortest such stretch was 34 days during the COVID-19 pandemic. Per historical trends, the market is more likely to linger at low levels for an extended period. A quick rebound remains possible, but the longer Bitcoin stays low, the less probable that outcome becomes.

Binance announced on February 9 that it will delist the following trading pairs at 16:00 UTC+8 on February 10: ARDR/BTC, BB/BNB, BB/BTC, BERA/BTC, DIA/BTC, FLUX/BTC, GALA/FDUSD, GPS/BNB, GRT/FDUSD, GUN/FDUSD, ICP/ETH, ICX/BTC, KAITO/FDUSD, KERNEL/BNB, MANA/ETH, NOM/FDUSD, REQ/BTC, XNO/BTC, YGG/BTC, and ZRO/BTC.

On February 9, French public firm Capital B announced it had added 5 bitcoins to its holdings, bringing its total to 2,828.

On February 9, CryptoQuant analyst CW8900 reported that Bitcoin whales accumulated a significant amount of BTC amid the recent price downturn. Data shows that on February 6, 66,940 BTC flowed into accumulation addresses — marking the largest single-day inflow of 2022. Meanwhile, new large investors also seized the opportunity to ramp up purchases, withdrawing Bitcoin from exchanges to their personal wallets.

Per an official announcement dated February 9, Binance is set to launch trading for the ASTER/U, PAXG/USD1, SUI/U, and XRP/U trading pairs at 08:30 UTC on February 10, 2026.