# eTh

Bitcoin & Ethereum at a Defining Crossroad — Dragon Fly Official Market Insight
The crypto market is approaching a high-impact decision zone where price behavior over the coming sessions may define the next multi-week trend. From Dragon Fly Official’s perspective, current conditions reflect a balance battle rather than a clear trend, with both Bitcoin and Ethereum reacting to tightening liquidity, cautious sentiment, and recent leverage flushes.
Bitcoin (BTC) — Structure Under Pressure
Bitcoin is currently stabilizing in the low $70,000 region after failing to sustain higher levels. Market str

The digital financial market as of the morning of February 5, 2026, based on the strong fluctuations of Bitcoin and Ethereum over the past 24 hours:
📊 Market Overview: Bitcoin Shakes Sharply Before Resistance Levels
The cryptocurrency market just experienced a volatile trading day with a wide range of fluctuations, showing a fierce tug-of-war between bulls (buyers) and bears (sellers).
1. Bitcoin (BTC): A "Roller Coaster" Around $70K
24-Hour Fluctuations: BTC had an extremely difficult day, sweeping through a wide range from $71,800 to $76,970. Reaching close to $77K but failing to hold shows

BTC options are quietly screaming a message that most traders are still missing.
According to Gate Research, implied volatility is no longer sleeping. BTC IV is hovering near 50 percent, ETH around 70 percent, and BTC has now climbed to the 81.7th percentile of its entire one year volatility range. That is not noise. That is the options market repricing risk in real time.
What makes this even more interesting is where the pressure is showing up.
Over the past week, the 25 delta skew for both BTC and ETH has stayed firmly negative, while the short end of the curve has steepened aggressively. Tr

#BitMineAcquires20,000ETH 🏦🔥
Big capital is quietly positioning.
BitMine has acquired 20,000 ETH, reinforcing the growing trend of institutional Ethereum accumulation. At current market levels, this isn’t a speculative trade — it’s a strategic allocation. When firms accumulate at scale, it signals confidence in Ethereum’s long-term infrastructure value, not just short-term price movement.
Ethereum continues to dominate smart contracts, DeFi liquidity, and real-world asset tokenization. Large acquisitions like this often tighten circulating supply and strengthen long-term fundamentals.
While

#BitMineAcquires20,000ETH 🏦🔥
Big capital is quietly positioning.
BitMine has acquired 20,000 ETH, reinforcing the growing trend of institutional Ethereum accumulation. At current market levels, this isn’t a speculative trade — it’s a strategic allocation. When firms accumulate at scale, it signals confidence in Ethereum’s long-term infrastructure value, not just short-term price movement.
Ethereum continues to dominate smart contracts, DeFi liquidity, and real-world asset tokenization. Large acquisitions like this often tighten circulating supply and strengthen long-term fundamentals.
While

$ETH is hovering around 2,251.4, showing a -1.22% change in a bearish zone. Support at 2,244.4, resistance at 2,268.7 – waiting for a breakout. Drop below 2,244.4, and we might see a further short‑term slide. #ETH #Rmj-Trades
#OvernightV-ShapedMoveinCrypto
$ETH

$ETH is hovering around 2,251.4, showing a *-1.22%* change in a bearish zone. Support at 2,244.4, resistance at 2,268.7 – waiting for a breakout. Drop below 2,244.4, and we might see a further short‑term slide. #ETH #Rmj-Trades