‍Bybit Report: Crypto Derivatives Signal Stability Amid Bitcoin Dip A recent report by Bybit and Block Scholes indicates cautious stability in the crypto derivatives market despite Bitcoin's recent dip below $70,000. While the spot market saw significant pressure and deleveraging, the options market presents a more resilient outlook. Implied volatility remains significantly lower than during the 2022 crash, and the demand for put options, though higher, does not signal extreme future turbulence. Analysts suggest the current environment resembles a mid-cycle correction rather than a full-scale bear market.
‍Bitcoin Whale Supply Drops to 9-Month Low Amid Price Correction Large Bitcoin holders are offloading BTC, with whale and shark addresses now controlling approximately 68.04% of the circulating supply – the lowest since May 2025. Over an eight-day period, major stakeholders sold 81,068 BTC amid a 27% price decline in the crypto market. Santiment noted, "This combination of key stakeholders selling and retail buying is what historically creates bear cycles." The Crypto Fear & Greed Index fell to 9 out of 100 on February 6, 2026, indicating extreme bearish sentiment. Conversely, "shrimp" wallets (holding less than 0.1 BTC) have reached a 20-month high, signaling retail accumulation. This current wealth redistribution from large holders to smaller participants often precedes market consolidation.
‍Tether Invests $150M in Gold.com to Enhance Tokenized Gold Access Tether, the largest stablecoin issuer, has acquired a 12% stake in Gold.com for $150 million. This strategic partnership aims to integrate Tether Gold (XAUt) into the platform, bridging traditional commodities and digital assets. Tether CEO Paolo Ardoino stated that this move serves as a strategic hedge against global economic volatility, emphasizing gold's role in preserving value during geopolitical uncertainty. The collaboration also explores payment solutions for physical bullion using USDt and USAt stablecoins.