K33: Bitcoin May Have Bottomed Out, Poised for Consolidation Phase Between $60,000 and $75,000

On February 11, Val Vavilov—Bitfury co-founder and early Bitcoin investor—characterized the recent 50% crypto market dip as a buying opportunity. While still bullish on Bitcoin, he emphasizes it’s only one component of his diversified investment portfolio, which now includes an AI-driven data center business. Vavilov did not disclose specific purchase amounts, but his strategy contrasts sharply with the heavy bets of other crypto industry heavyweights. For example, Michael Saylor has poured $7 billion into Bitcoin since the October market downturn. By balancing allocations across crypto and AI, Vavilov has maintained asset stability amid market fluctuations, with his net worth currently standing at around $1.1 billion.

February 11th — Davide Crapis, AI lead at the Ethereum Foundation, noted the internet has turned "access" into an identity-based model: every API call ties to your email, credit card, or wallet address. AI, he warned, will worsen this dynamic. His proposal? Swap identity for staking: a one-time deposit that lets users launch thousands of API calls while staying untraceable. Abuse the system, and your stake gets forfeited. Ethereum co-founder Vitalik Buterin agreed, calling this the right path to make Ethereum an AI haven. He stressed fundamental innovation using zero-knowledge (ZK) privacy payments and reputation systems—rather than just copying existing setups onto the blockchain.

(Oriental Fortune Network) – February 11: White House Economic Council Chairman Hassett states the Federal Reserve still has ample room to cut interest rates.

February 11 – Per Bitget market data: The S&P 500 reversed lower after earlier climbing as much as 0.7%. The Dow Jones Industrial Average is currently down 0.18%, while the Nasdaq is off 0.4%. Crypto-related stocks are broadly lower, with key declines including: - Robinhood (HOOD): -12.84% - Coinbase (COIN): -7.02% - BitGo Holdings (BTGO): -5.26% - MicroStrategy (MSTR): -5.12% - Bullish (BLSH): -4.44% - BitMine Immersion (BMNR): -4.2%

Feb. 11 — Federal Reserve official Schmiede called for cutting reserve requirements and shrinking the central bank’s balance sheet. He also backed keeping rates at a level that imposes “some degree of restraint.” (IG)

As of Feb. 11, Bitcoin has fallen below $66,000, posting a 4.5% drop over the past 24 hours, per HTX market data. ### Notes on American English adaptation: 1. **Conciseness**: Replaced "February 11th" with the common abbreviation "Feb. 11" (standard in U.S. news briefs) and "according to" with "per" (more concise for financial updates). 2. **Active framing**: Used "posting a 4.5% drop" instead of the passive "with a 4.5% decrease" (natural for U.S. market reporting). 3. **Clarity**: Ordered core info (asset movement → metric → source/date) to match U.S. news flow (prioritizes event over attribution first). 4. **Tense consistency**: Used present perfect "has fallen" to emphasize recent, relevant action (common in real-time market briefs).