Bitcoin (BTC) has increased by 1.34% over the past 24 hours, currently trading at $78,833.

Gate News Bot Message, February 03. According to CoinMarketCap data, at the time of press, BTC (Bitcoin) is trading at $78,833.00, up 1.34% in the past 24 hours, with a high of $90,439.29 and a low of $74,551.33. The 24-hour trading volume reached $72.944 billion. The current market capitalization is approximately $1.58 trillion, an increase of $20.841 billion from yesterday.

Bitcoin is an innovative payment network and a new form of currency. Bitcoin operates using peer-to-peer technology without the need for a central authority or bank; transaction management and Bitcoin issuance are handled collectively by the network. Bitcoin is open source; its design is public, and no one owns or controls Bitcoin. Everyone can participate. Through its many unique features, Bitcoin enables innovative applications that traditional payment systems cannot provide.

Important Recent Bitcoin News:

1️⃣ Macroeconomic Liquidity Game Limits Upward Momentum The movement of the US dollar and changes in the dollar interest rate differential have become key short-term variables. Despite the US dollar index falling 10% over the past year, Bitcoin has fallen 13% in the same period, showing a clear lag. This contrast stems from the current dollar weakness mainly driven by short-term capital flows and market sentiment, rather than growth or monetary policy expectations. Since the beginning of the year, the dollar interest rate differential has actually favored the dollar, breaking the traditional logic of Bitcoin as a hedge against dollar depreciation. The market views Bitcoin as a risk asset sensitive to liquidity rather than a reliable store of value. In the current macro environment, gold has become a more direct beneficiary of dollar diversification, which directly suppresses Bitcoin’s relative performance.

2️⃣ Precious Metals Remain Strong, Diverting Market Attention Gold prices have broken through $5500 per ounce, with total market value increasing by nearly 4.37% in the past 24 hours, adding about $1.64 trillion in market cap—close to Bitcoin’s current total market value. Against the backdrop of rising geopolitical risks and increased demand for value storage, traditional safe-haven assets have become significantly more attractive to investors. Traders note that although Bitcoin is positioned as a hedge against currency devaluation, its rally has not kept pace with gold, which has fallen about 30% from its peak in October last year. This phenomenon reflects that in a market with diverging risk appetites, Bitcoin faces competitive pressure from traditional safe-haven assets.

3️⃣ Derivative Structural Risks Limit Price Volatility A large number of open contracts in the options market are concentrated near key strike prices, especially around monthly options expiration. Approximately $8.4 billion in notional value of Bitcoin monthly options are expiring, with the largest pain point at $90,000. Open interest is most concentrated near the $100,000 strike price. This positioning means market risk exposure is mainly built through options rather than high-leverage futures, and short-term price movements are driven more by structural factors than external news. If Bitcoin breaks through $92,363, the liquidation of longs on major CEXs could reach $1.587 billion; conversely, if it falls below $84,193, the liquidation of shorts could reach $829 million. The existence of these liquidation zones constrains one-sided price movements.

4️⃣ Bitcoin Ecosystem Financial Infrastructure Accelerates Development Citrea’s mainnet launch marks a new era of native Bitcoin lending, introducing financial infrastructure based on Bitcoin’s ZK-rollup architecture without compromising network security. Initial features include BTC collateralized loans and stablecoins backed by US Treasuries, allowing Bitcoin holders to access liquidity without selling assets or relying on custodial bridges. GOAT Network has released BitVM2 testnet V3, enabling truly non-custodial financial activities through Bitcoin’s mainnet as the final arbitrator layer. These developments lay the foundation for expanding Bitcoin’s economic use cases, with future potential for more lending, stablecoins, and derivatives tools centered around BTC, helping Bitcoin evolve from a simple store of value to a network with full financial settlement capabilities.

5️⃣ Institutional and Policy Support for Long-term Outlook Sygnum, a Swiss crypto bank, launched a market-neutral Bitcoin fund that has raised over 7,500 BTC in just four months, with an annualized return of 8.9% in Q4, indicating that institutional-grade Bitcoin investment products are maturing. Russia plans to introduce a comprehensive cryptocurrency regulatory framework by July 2027, allowing retail and institutional investors to purchase Bitcoin, signaling a gradual establishment of a regulated policy environment by major countries. The first phase of Mezo Bitcoin financial network token distribution involves over 11,000 addresses, with high community participation; 13% of addresses have chosen to lock in veMEZO, reflecting long-term holding expectations among ecosystem participants. These factors collectively build the institutional framework for Bitcoin’s medium- and long-term development.

This message is not investment advice. Investors should be aware of market volatility risks.