OSL trading moment: market fluctuations and adjustments, traditional institutions accelerate the launch of crypto investment tools

1. Market Observation

Keywords: MicroStrategy, BTC, ETP

MicroStrategy has unveiled a rebranding plan to adopt the name "Strategy" to strengthen focus on Bitcoin. The company recently reported revenue of $120.7 million for the fourth quarter, down 3% from last year, with a net loss of $670.8 million. Meanwhile, Arbitrum has partnered with BitcoinOS to introduce its Ethereum-based second-layer scaling solution to the Bitcoin network. Despite uncertainty in global markets and rising trade tensions between the United States and China, the price of Bitcoin is expected to reach $500,000 if the U.S. implements a plan to acquire 5% of Bitcoin supply.

According to CryptoQuant, Tron's network fee revenue has exceeded Ethereum. Analyst and trader Jason Pizzino expects bullish reversals for Ethereum, Solana and XRP after the market adjustment. However, as market sentiment turns negative, the price of Bitcoin may fall below $94,000 again.

Cryptocurrency investment continues, with BlackRock planning to list Bitcoin ETP in Europe. Previously, the company successfully launched IBIT in the United States last year and ETP in Canada. Bitdeer also plans to invest $120 million to build a Bitcoin mining facility in Canada. Despite the market volatility, according to Tiger21 founder Michael Sonnenfeldt, the super rich are still optimistic about Bitcoin.

2. Key data (as of 09:38 HKT on February 7)

• S&P 500: 6,083.57 points (+3.43% within the year)

• Nasdaq: 19,791.99 points (+2.49% within the year)

• 10-year US Treasury yield: 4.440% (-13.60 basis points within the year)

• US dollar index: 107.75 (-0.68% within the year)

• Bitcoin: $96,796 (+3.62% during the year), daily spot trading volume is $43.9 billion

• Ethereum: $2,706.92 (-19.07%), daily spot trading volume is $29.74 billion

3.ETF flow direction (EST, February 6)

• Bitcoin ETF:- $140.2 million

• Ethereum ETF: USD 00,000

4. Important date (Hong Kong time)

JOLTS job openings in the United States (11:00 pm, February 4)

• Actual: 7.6 million/Previous value: 8.16 million/Expected: 8 million

Non-farm employment (9:30 pm on February 7)

• Actual: To be announced/Previous value: 256,000/Expected: 170,000

Unemployment rate (9:30 pm on February 7)

• Actual: To be announced/Previous value: 4.1% / Expected: 4.1%

5. Hot News

Federal Deposit Insurance Corporation discloses 175 encrypted bank regulatory documents

MicroStrategy Q4 financial report: Net loss of US$670.8 million, buying more than 210,000 BTC

A US nonprofit group calls on government officials to investigate Trump's promotion of memecoin

Utah's U.S. legislation to invest in Bitcoin has been passed by the House of Representatives

Foreign media: US SEC seems ready to advance ETF applications for XRP, LTC and SOL

Cboe BZX Exchange submitted 19b-4 documents on behalf of several issuers to apply for listing and trading of XRP spot ETFs

Czech President signs new bill, exempting capital gains tax from holding Bitcoin for more than 3 years

Trump Family Crypto Project WLFI Plans to Create "Strategic" Token Reserve

People familiar with the matter: crypto exchange Gemini is considering IPO as early as this year

Justin Sun sued David Geffen for $78.4 million in collection, saying the collection was sold stolen by his art consultant

Franklin Templeton seeks US SEC approval for its launch of new cryptocurrency index ETF

Ethereum Pectra upgrade will start testing in February and is expected to be launched on the main network in April

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