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Your day-ahead look for Feb. 10, 2026
(CoinDesk)
What to know:
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By Francisco Rodrigues (All times ET unless otherwise specified)
Bitcoin decreased to $68,500 on Tuesday, having been unable to reclaim the $70,000 mark after trading above it for some time over the weekend. The CoinDesk 20 Index (CD20) fell by 0.23% in the last 24 hours.
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The market seems to be stabilizing following last week’s decline to $60,000, which wiped out all of the cryptocurrency’s gains since Donald Trump’s election victory in November 2024.
This downturn led to over $2.7 billion in liquidations, removing leveraged positions. However, it may not have indicated a fundamental shift in the crypto market but rather correlated with decreasing liquidity in the larger financial landscape.
Raoul Pal, CEO of Global Macro Investor, noted that last week’s selloff across cryptocurrencies and tech stocks was linked to temporary reductions in U.S. dollar liquidity associated with Treasury operations and government funding circumstances.
In addition, there’s the influence of artificial intelligence (AI). Investments in this technology have been “absorbing available capital for months at the expense of everything else,” Wintermute mentioned in a note. The trading firm stated that excluding AI companies from the Nasdaq 100 index nearly eliminates crypto’s negative bias.
“The underperformance during rallies and intensified selling during declines is almost entirely attributed to AI rotation,” Wintermute OTC trader Jasper De Maere commented. “For crypto to surpass its previous performance, a shift needs to occur within the AI trade.”
Additionally, Japanese government bond yields, which increased following Prime Minister Sanae Takaichi’s decisive election win at the weekend, are now decreasing. This could prevent further unwinding of the yen carry trade, which may have involved up to $5 trillion invested overseas returning to Japan.
Arthur Hayes, a co-founder of crypto exchange BitMEX, highlighted Takaichi’s victory as a potential driver for the yen to depreciate against the dollar, rendering the Japanese currency a less attractive investment. This could benefit risk assets, including cryptocurrencies.
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Nonetheless, prices are anticipated to remain within a certain range for the time being. The Coinbase Premium Index, which gauges demand from significant U.S. investors on the exchange, remains negative, and spot bitcoin ETF flows also display hesitation, with daily net inflows recorded at only $145 million yesterday.
“While retail investors are diversifying attention across various asset classes, institutional flows through ETFs and derivatives now seem to influence direction,” Wintermute remarked. Stay watchful!
Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today
What to Watch
For a more detailed list of events this week, see CoinDesk’s "Crypto Week Ahead".
- Crypto
- Feb. 10: Mantle to host Mantle State of Mind Ep. 06 live from Consensus HK.
- Macro
- Feb. 10, 7 a.m.: Brazil inflation rate YoY (Prev. 4.26%), MoM (Prev. 0.33%)
- Feb. 10, 8:30 a.m.: U.S. retail sales MoM for December Est. 0.5% (Prev. 0.6%)
- Feb. 10 8:30 a.m.: U.S. employment cost index QoQ (Prev. 0.8%)
- Feb. 10, 2 p.m.: Argentina inflation rate YoY (Prev. 31.5%), MoM (Prev. 2.8%)
- Earnings (Estimates based on FactSet data)
- Feb. 10: Canaan (CAN), pre-market, -$0.03
- Feb. 10: Robinhood Markets (HOOD), post-market, $0.63
- Feb. 10: Upexi (UPXI), post-market, -$0.07
- Feb. 10: Lite Strategy (LITS), post-market
Token Events
For a more detailed list of events this week, see CoinDesk’s "Crypto Week Ahead".
- Governance votes & calls
- Feb. 10: Solana to host an X Spaces session with SushiSwap’s CEO.
- Unlocks
- Feb. 10: Aptos will unlock 0.69% of its circulating supply, valued at $12.07 million.
- Token Launches
- Feb. 10: Venice (VVV) token emissions will decrease from 8 million to 6 million annually.
Conferences
For a more detailed list of events this week, see CoinDesk’s "Crypto Week Ahead".
- Day 1 of 3: Consensus Hong Kong
- Day 1 of 3: Solana Breakout (Online)
Market Movements
- BTC is down 1.9% from 4 p.m. ET Monday at $69,041.32 (24hrs: -0.06%)
- ETH is down 4.94% at $2,016.57 (24hrs: -0.8%)
- CoinDesk 20 is down 2.59% at 3,086.55 (24hrs: +0.43%)
- Ether CESR Composite Staking Rate is up 7 bps at 2.82%
- BTC funding rate is at -0.006% (-6.6247% annualized) on Binance
