Bitcoin's latest price drop has coincided with a sharp rise in bearish bets, as Santiment's on-chain data shows aggregated funding rates sliding to notably negative levels. This extreme short positioning, last seen in August 2024 before a major multi-month rebound, indicates that a large share of derivatives traders are positioned for further downside. With Bitcoin trading around $68,740 and funding below -0.01%, any move above key resistance zones such as $75,000 could trigger a short squeeze, though a rapid recovery is not guaranteed.

Crypto analyst XForce argues that Dogecoin still has room for a potential 10x move toward the $1 mark in the coming years, based on a single dominant bullish Elliott Wave structure. Another analyst, Bitcoinsensus, believes DOGE could even extend to $5 if the current cycle echoes previous parabolic runs, though current derivatives data shows traders remain broadly bearish. Dogecoin trades around $0.10, with downside below $0.05 flagged as a level that could invalidate the bullish setup.

BitQuant argued that Bitcoin’s retreat toward $60,000 was a necessary reset after an early local top above $126,000 in October 2025 failed to meet its $145,000 threshold. The firm said a Binance technical issue on October 10 coincided with a slide from about $120,000 to $105,000, but the broader decline reflected structural weaknesses rather than panic or manipulation.

In a recent social media post, Robert Kiyosaki said he would choose Bitcoin over gold if limited to one asset, pointing to Bitcoin's fixed 21 million supply and its design as the key reason. He previously disclosed in November 2025 that he sold about $2.25 million worth of Bitcoin acquired years earlier near $6,000 each, while community notes dated January 23, 2026 indicated he had also said he was still buying Bitcoin alongside gold, silver, and Ethereum.

According to an analysis by X Finance Bull, a $500 position taken in XRP at its 2014 lows would now be worth about $255,000, while the same amount invested in Bitcoin over that period would have grown to roughly $133,000. The study highlights that XRP delivered a 511x return versus Bitcoin’s 266x gain, helped by network development, institutional products such as spot ETFs launched in November 2025, and regulatory milestones that supported price appreciation through 2025.

Bitcoin and Ethereum have rebounded sharply from last week's lows around $60,000 and $1,900, with Bitcoin touching $71,000 as large holders and funds step up accumulation. On-chain data points to two new whale wallets withdrawing 3,500 BTC and 30,000 ETH from Binance, while BTC and ETH ETFs have returned to net inflows in the hundreds of millions of dollars. A crypto analyst now argues that this structure could support a further Bitcoin rally toward the high $70,000 region and sees ETH as significantly undervalued by historical metrics.

In a February 7 X post, Tesla investor Ross Gerber said the surge of scam and low‑quality tokens has undercut confidence and helped push Bitcoin below $70,000 last week. He also cited fading catalysts, ETF outflows, and leverage-driven liquidations. Separately, analyst Chiefy predicted a potential slide toward $42,000, with BTC then trading above $69,800.

Ethereum’s decline below the $2,000 mark has shaken sentiment and dragged broader altcoin prices lower, prompting heightened fear among traders. Crypto analyst ChainHub argues that market conditions now resemble downside exhaustion, with the ETH/BTC structure still intact and major demand zones forming around $1,700 for ETH and across several altcoins. He links this view to Bitcoin’s retest of its summer 2024 demand range and suggests the market could soon transition into a consolidation phase before attempting a bullish recovery.

Market analyst Umair Crypto has updated his technical outlook on Solana after the altcoin broke key supports and slumped below $80 to a two-year low. He notes that Solana’s structure is still firmly bearish but sees room for a gradual recovery if price can reclaim levels such as the former $100.93 point of control. Umair outlines upside targets at $120.59, $128.43, $138.77, and $150.36, with a longer-term projection toward $200–$210 if SOL can sustain strength above $150.36.