Cryptocurrency Asset Overview

BTC (-4.86% | Current Price 72,302.7 USDT)

In the past 24 hours, Bitcoin’s price has accelerated its decline. On the 1-hour timeframe, after breaking below the key support level of $73,000, there has been no clear sign of a reversal in the short term. The trend continues to retrace gains made since 2025 and tests the critical support around $70,000 in November 2024. According to CoinGlass data, recent Bitcoin liquidations have totaled $2.56 billion, and leverage positions are still being cleared. Meanwhile, policy uncertainties further dampen market sentiment: a recent White House meeting aimed at breaking months-long legislative deadlock between banks and crypto firms ultimately made no progress, with stablecoin reward mechanisms being the main point of contention.

ETH (-5.25% | Current Price 2,140.24 USDT)

Compared to Bitcoin, Ethereum’s decline has been relatively more gradual. Currently, the price has fallen back to a critical support zone near $2,000. This zone coincides with previous significant annual lows and major historical demand areas, which have long served as strong accumulation zones for buyers. If the $2,000 support level is broken, Ethereum could further decline toward the $1,800 support near May 2025. Sentiment indicators show that Ethereum’s premium index is currently in a deep negative zone, approaching levels seen at last year’s market lows, indicating overall market sentiment is notably bearish, with institutional and long-term spot demand weakening. Historical data suggests that when the premium remains persistently negative, downside risks and range-bound trading tend to dominate, making the market more prone to bearish movements.

GT (-5.09% | Current Price 7.65 USDT)

GT’s price follows the main cryptocurrencies downward with increased volume. The RSI (14) has dropped to 18, indicating extreme oversold conditions, with short-term selling pressure significantly easing. The current price has retraced to levels seen around September 2024. If the decline continues, further drops toward the early September 2024 support level of approximately 7.00 are possible.

Daily Gainers and Losers

Over the past 24 hours, the market has shown a synchronized retracement, with BTC falling about 5.5%, and mainstream assets like ETH and SOL dropping between 5% and 8%. Smaller-cap and high-beta assets have experienced deeper declines, indicating ongoing deleveraging and position compression. Overall, the market is in a passive adjustment driven by sentiment and liquidity. Despite this, some tokens remain favored by capital inflows. The following provides a detailed analysis of these tokens.

I Tadaima I Tadaima (+26.54%, Circulating Market Cap $45.15 million)

According to Gate data, I Tadaima token is currently priced at $0.044304, up 26.54% in 24 hours. This meme coin, originating from Chinese internet meme culture on BNB Chain, emphasizes emotional consensus and cultural self-deprecation.

Benefiting from network effects, I Tadaima has high trading activity. Multi-cycle technical indicators show strong price momentum, with RSI at 62.07, not overbought, and MACD confirming an upward trend. As one of the hottest Chinese meme coins on BNB Chain since January 2026, technical signals support continued buying, with retail enthusiasm creating positive feedback loops.

WMTX World Mobile Chain (+15.79%, Circulating Market Cap $59.03 million)

Gate data shows WMTX is currently priced at $0.09317, up 15.79% over 24 hours. As the foundational layer of the global mobile network, the World Mobile ecosystem uses blockchain and decentralized infrastructure to provide affordable connectivity to underserved regions worldwide. The token is used for network incentives, node operation, and governance, promoting the deployment of decentralized telecom networks that connect unconnected populations.

On February 4, the official World Mobile Chain account announced that WMTX was the most traded DePIN token in the past 24 hours, leading the second by about 8 times. This statement directly links WMTX’s market performance to the DePIN sector, emphasizing its trading volume to enhance its utility and user adoption perception, fueling FOMO among traders, especially in a weak market environment, and encouraging concentrated buying.

SYN Synapse (+2.09%, Circulating Market Cap $17.18 million)

Gate data shows SYN is currently priced at $0.07845, up over 2.09% in 24 hours. Synapse is a cross-chain interoperability protocol dedicated to enabling fast, low-cost asset and data transfers between different blockchains. Through unified cross-chain liquidity and messaging mechanisms, it has become a vital infrastructure component for multi-chain DeFi applications.

The rise in SYN is mainly driven by fundamental catalysts. The Synapse SDK has become a core part of the Filecoin Onchain Cloud mainnet launched in January, helping developers easily integrate verifiable storage and payment functionalities into decentralized applications (Filecoin). This milestone follows months of development updates and testnet activity, marking a significant step from planning to real-world application, creating new demand for SYN.

Hot Topics

Ripple Prime Supports On-Chain Derivatives Trading for the First Time

On February 4, Ripple integrated the decentralized derivatives protocol Hyperliquid into its institutional-grade main brokerage platform Ripple Prime, marking its first direct support for DeFi. Through this integration, Ripple Prime clients can manage Hyperliquid’s on-chain derivatives positions within a unified brokerage framework, alongside risk exposures from centralized crypto markets, forex, and fixed income assets. Ripple states that institutional clients accessing Hyperliquid will only face Ripple Prime as counterparty, with all positions managed under a unified risk and margin system.

The core value of this move is the introduction of a “prime broker” model. In traditional finance, large institutional investors do not open accounts and manage margins and clearing on each exchange individually. Instead, they access multiple liquidity venues through a prime broker (like Goldman Sachs or Morgan Stanley), enjoying unified risk management and capital efficiency across assets and markets. Ripple Prime aims to serve this role in the blockchain space. This development reflects increasing institutional participation in DeFi. Ripple Prime plans to support both centralized and decentralized liquidity venues, providing clients with a seamless, unified multi-market trading and risk management experience.

Bitnomial Launches First Regulated Tezos (XTZ) Futures Product

On February 4, Chicago derivatives exchange Bitnomial announced the launch of its first regulated Tezos (XTZ) futures contract, now available to institutional investors, with retail traders able to participate via its platform Botanical. Tezos was first proposed in 2014, raising about $232 million in its 2017 ICO, making it one of the largest ICOs ever. Known for its “self-upgradable” governance and early adoption of PoS consensus, Tezos has gained significant attention.

Bitnomial also plans to introduce perpetual contracts and options for XTZ. Co-founder Arthur Breitman stated that the launch of regulated futures will improve price discovery and risk hedging, encouraging institutional participation. Previously, Bitnomial launched compliant derivatives for assets like XRP, Solana, and Aptos. Overall, this signifies further acceptance of certain crypto assets within traditional finance frameworks. As an early PoS and on-chain governance project, Tezos’ regulated futures provide institutions with new risk management and price discovery tools.

On-Chain “Bottom Signal” Reappears, Bitcoin Profit and Loss Supply Converge Near $60,000

A proven on-chain indicator has once again attracted market attention: data shows that when the supply of Bitcoin in profit converges with the supply in loss, it often marks a market bottom in a bear cycle. According to Glassnode, approximately 11.1 million BTC are in profit, while 8.9 million BTC are in loss. Historically, when these two metrics approach parity, Bitcoin has often completed a cyclical bottom. Based on current cost basis, further convergence of profit and loss supply could imply spot prices near $60,000. This signal has appeared in 2015, 2019, 2020, and 2022, closely aligning with major market lows.

Analysis indicates that as prices fluctuate around the overall market cost basis, Bitcoin shifts between “profit supply” and “loss supply,” reflecting investor pressure and sentiment clearing. If history repeats, this indicator could be a key reference for whether the current bear market is nearing its end. Other on-chain metrics like STH-NUPL (short-term holder unrealized profit/loss) and profit-taking behavior of long-term holders also influence market phases. For example, in the mid-2025 cycle, long-term holders reducing positions at high levels could lead to a market top and correction, while currently, the focus is on clearing loss supply and building a bottom.

References:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• CoinDesk, https://www.coindesk.com/markets/2026/02/04/this-onchain-metric-has-identified-the-bitcoin-bottom-every-cycle
• The Block, https://www.theblock.co/post/388456294/zcasripple-prime-hyperliquid-defi?utm_soundarce=twion-says-sttec-has-closr&utm_med-bium=sook-on-yeciars-long-probe
• The Block, https://www.theblock.co/post/388345/bitnomial-lists-first-us-futures-for-tezos

Disclaimer Investing in cryptocurrencies involves high risk. Users are advised to conduct independent research and fully understand the nature of assets and products before making any investment decisions. Gate assumes no responsibility for any losses or damages resulting from such investment decisions.