📈 Crypto Market News – February 07, 2026
- Market Overview: The Weekend Standoff Following the volatility from Friday's jobs report, the market has entered a tense standoff. The global crypto market cap is hovering near record highs at $3.56 Trillion.
Status: Trading volume has dropped significantly as Wall Street closes for the weekend, leaving retail traders to battle over the direction. The market is holding its breath, waiting for a catalyst to push through the psychological barriers.
- Bitcoin (BTC) The "Sell Wall" at $99.5k Bitcoin is trading in an incredibly tight range between $98,800 and $99,400.
Order Book Data: Exchange data shows a massive "Sell Wall" (limit sell orders) stacked at $99,500. Bulls are attempting to chip away at this supply, but without institutional volume, a breakout seems delayed until the new week begins.
- Altcoin "Mini-Season" With Bitcoin sideways, capital is rotating into mid-cap altcoins.
Trend: The "Top 50" altcoins excluding ETH are seeing an average gain of 4-6% today. Traders are looking for "Beta plays" (assets that move faster than BTC) to maximize gains while Bitcoin consolidates.
- Grayscale Outflows Pause The selling pressure from major institutional funds like Grayscale has paused for the weekend.
Impact: This lack of structural selling is allowing the spot price to float higher on lower volume. It creates a favorable environment for bulls to defend support levels without fighting against massive corporate sell-offs.
- Social Sentiment: "Extreme Greed" The Crypto Fear & Greed Index remains at 85 (Extreme Greed).
Warning: While price action is bullish, such high sentiment levels often precede a "flush" or correction to shake out late leverage buyers. Experienced traders are cautious about entering new long positions at these levels.
