Bitcoin rebounded from the $60,500 low and is consolidating above $70,000, with resistance lining up at $71,200 and the $72,000 area. According to the hourly BTC/USD chart using Kraken data, price sits above the 100-hour SMA after a break of a $69,800 trendline, but a rejection at $72,000 could send it back toward $68,500–$67,200.

On Friday, February 6, CoinShares said fears about Bitcoin's quantum vulnerability are overstated. The firm's analysis focuses on legacy P2PK exposure, estimating roughly 1.6 million BTC there but only about 10,200 BTC in large accounts that could disrupt markets, while stressing today's quantum machines lack the 13 million physical qubits needed to break keys quickly.

On a Friday post, CoinShares researcher Christopher Bendiksen argued that just 10,230 of 1.63 million quantum-exposed Bitcoin sit in addresses large enough to be attractive for an attack. He claimed most at-risk coins are in smaller wallets that would each take around a thousand years to crack, even under highly optimistic assumptions about quantum computing progress.

After Bitcoin slipped under the $70,000 mark, Bitwise CEO Hunter Horsley said on Friday that long-term holders appear uncertain while institutional investors see a renewed buying opportunity. Bitcoin has declined more than 22% over the past month and was trading near $69,635 amid wider weakness in liquid assets, even as institutional inflows into Bitwise products topped $100 million on a single day.

As Japanese interest rates climb and U.S. liquidity conditions tighten, Bitcoin has been reinforcing its position as a macro asset, trading at $70,681 after a 3.03% daily gain alongside a 2.03% rise in gold to $4,966.26 per ounce. Cathie Wood of ARK Invest argues that AI-driven "agentic commerce" is pushing blockchains like Bitcoin, Ethereum, and Solana into core financial infrastructure, encouraging institutions to use gold for stability and Bitcoin for growth and innovation. Even as short-term volatility and a decline in active Bitcoin users persist, rising market dominance near 59% and growing institutional participation are reshaping its traditional boom-and-bust cycle.

Bitcoin rebounded about $10,000 from its recent $60,000 low and is now trading near a crucial resistance zone around $80,000–$83,000. Liquidation data suggests that a move above $80,500 could trigger roughly $5.7 billion in short liquidations, while on-chain whale accumulation and a major negative mining difficulty adjustment add to the mixed outlook. Failure to clear this resistance could expose a downside move back toward the $49,000–$53,000 support region.

On Jan. 30, 2026, U.S. spot Bitcoin ETFs recorded $509.7 million in net outflows, even as several individual funds still showed small inflows. In the days that followed, flows swung sharply between a $561.8 million net inflow on Feb. 2 and outflows of -$272.0 million and -$544.9 million on Feb. 3 and Feb. 4. The pattern illustrates how one or two large redemptions can dominate headline totals while smaller, persistent demand remains, and why traders should focus on dispersion across tickers rather than treating the aggregate number as a simple sentiment gauge.

On 8 February 2026 at 21:05, reports on social platforms said a long-dormant address tied by some trackers to early Bitcoin mining transferred 2,565 BTC after roughly 15 years of inactivity. On-chain data shows the large move and revived speculation about Satoshi Nakamoto, but there is no verified link to Satoshi or evidence of exchange deposits.