QCP Capital said on Feb. 4 that U.S. government shutdown risk has eased for now, with Department of Homeland Security funding extended only to Feb. 13, and it flagged $75,000 as a key Bitcoin inflection level, its official channel shows. The firm noted crude oil is rebuilding a moderate geopolitical risk premium after the U.S. shot down an Iranian drone near the Arabian Sea close to the aircraft carrier "Abraham Lincoln," while diplomatic headlines are limiting further gains. QCP Capital added that domestic politics around the Federal Reserve are heating up as Trump has nominated Kevin Warsh as the next Fed chair; if investors start to price larger rate cuts later this year, that could marginally support risk assets and weigh on the dollar, while Warsh has signaled a preference for faster balance-sheet reduction that could touch repo-market liquidity, with stress possible when reserves are scarce. In derivatives, the options market is signaling caution, with front-end implied volatility supported, at-the-money vols high, a slight spot premium in the term structure, steep downside skew and expensive butterfly spreads; tactically, QCP Capital views $75,000 as the pivot, where holding the level with position rebuilding and normalized funding would justify adding risk, while a break could turn sentiment defensive.

Bitcoin dropped from $97,000 on Jan. 15 to $73,000 on Feb. 4, breaking below $80,000, with holders above $80,000 selling over 610,000 BTC in 20 days, accounting for 88% of outflows, analyst Murphy said. URPD data show long-term holders represented 9.7%, while the $70,000–$80,000 cohort net purchased about 450,000 BTC during the same period.

A Bhutan government address transferred 184 BTC, valued at about $14.09 million, to a new address on Feb. 4, Onchain Lens data show. The transfer may be intended for a centralized exchange deposit or an OTC transaction.

Tian Ruixiang announced on Feb. 4 it agreed to a strategic deal in which an unnamed investor will contribute 15,000 BTC for equity, Cointelegraph reports. The agreement also establishes an AI-and-crypto innovation lab. TIRX closed at $0.15, up 98.41%. If completed, the deal could make Tian Ruixiang the eighth-largest public bitcoin treasury, per Bitget and Cointelegraph.

On February 4, 2024, US spot Bitcoin exchange-traded funds (ETFs) collectively experienced substantial net outflows totaling $272 million, according to data compiled by Farside Investors. This significant capital movement indicates a notable shift in investor sentiment concerning Bitcoin-backed investment products. In contrast, US-based Ethereum ETFs observed net inflows of $14 million during the identical period, suggesting a divergent trend in investor interest towards Ethereum-based investment vehicles. The data from Farside Investors provides a snapshot of the evolving dynamics within the burgeoning cryptocurrency ETF market, highlighting distinct performance metrics for the two leading digital assets.

Strategy posted a 0.78% paper gain on its Bitcoin position on Feb. 4, roughly $427 million, after BTC rebounded to $76,650 from a brief dip below $73,000 and beneath its $76,052 cost basis, HTX market data show. As of Feb. 1, 2026, Strategy held 713,502 BTC with total acquisition cost about $54.26 billion and an average cost of $76,052, BlockBeats reported.

A large Bitcoin address identified as "bc1pyd" sold 5,076 BTC valued at approximately $384 million over the past eight hours, according to on-chain data from analytics platform Lookonchain. The address had previously been steadily accumulating Bitcoin before this sale.

Renowned investor Michael Burry issued a stark warning on Monday regarding Bitcoin's market trajectory, according to BlockBeats. He noted Bitcoin's over 40% decline from its early October all-time high, cautioning that an additional 10% drop could result in multi-billion-dollar losses for Strategy and severely restrict access to capital markets. Burry asserted Bitcoin's nature as a purely speculative asset, not a hedge, and predicted that further weakness could trigger catastrophic spillovers into broader markets, including a collateral death spiral in tokenized metals futures. He also highlighted that the launch of spot ETFs has intensified speculative behavior, pushing Bitcoin's correlation with the S&P 500 near 0.50, with ETFs recording significant outflows since late November.

Bitcoin fell as low as $72,945 on Feb. 4 morning and was last quoted at $76,648, HTX market data show. The Nov. 6, 2024 election-day high stood at about $76,400, according to HTX. BlockBeats reports the move erased all gains since Trump's election.