Gate Daily (February 6): Bitcoin, gold, silver, and US stocks crash simultaneously; Trump WLFI sells 100 WBTC tokens

Bitcoin (BTC) continues to deepen its correction, temporarily reporting around $64,300 on February 6, with a low of $60,000 at one point. U.S. stocks, gold, and silver have rarely fallen together in sync, and the market is in extreme panic. The World Liberty Financial team under the Trump family has sold another 100 WBTC, exchanging for 6.71 million USDC.

Macro Events & Crypto Hotspots

1. On February 6, global risk markets declined again this morning, with Bitcoin briefly dropping to the $60,000 level, Ethereum falling below $1800; U.S. stock futures expanded losses, with S&P 500 futures down 1%, Nasdaq futures down 1.6%, and Dow futures down nearly 0.6%; precious metals also declined, with spot gold touching $4,660/oz, down 2.51% intraday. Spot silver plummeted 9.00% to $64.38/oz. Spot palladium fell 4.00% intraday to $1,574.96/oz; Nikkei 225 index dropped below 53,000 points, down 1.57% intraday. KOSPI 200 futures in Korea declined 5%, with algorithmic trading paused for 5 minutes.

2. On February 6, according to Onchain Lens monitoring, the World Liberty Financial team sold another 100 WBTC, exchanging for 6.71 million USDC. In the past 10 hours, this institution has sold a total of 173 WBTC, earning a total of $11.75 million USDC.

3. Circle Internet Group and Polymarket are collaborating to transition the settlement infrastructure of prediction markets to native USDC, replacing the bridged stablecoin collateral used on their platform. According to an announcement released Thursday, Polymarket currently uses bridged USDC (USDC.e) on Polygon as trading collateral and plans to migrate to Circle-issued native USDC in the coming months. Native USDC is issued by Circle’s regulated entity and can be exchanged 1:1 for USD, providing a “high capital efficiency” and scalable alternative without relying on cross-chain bridges.

News Highlights

1. Bitwise files S-1 registration documents for a Uniswap spot ETF with the SEC.

2. U.S. Treasury Secretary condemns crypto advocates resisting the Market Structure Bill.

3. MicroStrategy reports a net loss of $12.4 billion in Q4 2025, with its stock dropping 17% on the same day.

4. Aave founder Stani.eth sold 4,504 ETH within four hours, cashing out 8.36 million USDC.

5. Equation founder Vida bought 128.28 Bitcoin, with an unrealized loss of $60,000.

6. Tether invested $150 million to acquire a 12% stake in Gold.com to expand the issuance scope of gold token XAUT.

7. Saylor’s unrealized losses exceed $10.1 billion, and Tom Lee’s unrealized losses exceed $8.65 billion.

Market Trends

1. Latest Bitcoin news: $BTC further deepens correction, temporarily around $64,300, with $14.1 billion in liquidation over the past 24 hours, mainly long positions.

2. U.S. stock market closed sharply lower on February 5, with heavy declines in Microsoft, Amazon, and other major tech companies, dragging the Nasdaq to its lowest since November. Previously, Alphabet indicated that its AI-related capital expenditure might double in the race for dominance in AI technology. Dow Jones Industrial fell 1.20% to 48,908.72 points; S&P 500 down 1.23% to 6,798.40 points; Nasdaq down 1.59%, closing at 22,540.59 points.

(Source: Gate)

3. According to Gate BTC/USDT liquidation map, with the current price at 62,793.10 USDT, if it drops to around 59,896 USD, the total long liquidation exceeds $77.62 million; if it rises to around 68,677 USD, the total short liquidation exceeds $975 million. Short positions are significantly more liquidated than longs, so it’s advisable to control leverage reasonably to avoid triggering large-scale liquidations during market fluctuations.

(Source: Coinglass)

4. In the past 24 hours, BTC spot inflow was $7.78 billion, outflow was $8.74 billion, net outflow $960 million.

(Source: Coinglass)

5. In the past 24 hours, net outflows in contracts trading for $ARC, $AXS, $I’m Coming, $ZK, $C98, etc., present trading opportunities.

Selected Opinions from X KOL

Phyrex Ni (@Phyrex_Ni): “My head hurts more, and it’s harder to do homework, not because of the decline, but because the reason for the decline is still unclear. It feels like a mental breakdown, but I don’t know why. When you don’t know the reason, it’s hard to judge the rebound timing. Now, not only is BTC falling, but U.S. stocks are also dropping. Looking at the ratio of the decline in U.S. stocks and Bitcoin, you can see the liquidity in cryptocurrencies.”

“$66,000 has already fallen below all the gains Trump made from his campaign to taking office. This price is even lower than the lows of the last cycle. Not to mention, current Bitcoin miners will shut down if the difficulty stays above 21 W/t. But I think the mining difficulty decrease isn’t very significant. The worst part is that stocks related to cryptocurrencies like COIN, HOOD, CRCL, MSTR have all been heavily reduced. Even gold and silver are falling. Overall market sentiment is very poor right now. Let’s see what else Trump can do.”

“Looking at Bitcoin data, there’s already panic, and it’s quite serious. The data is full of reductions. But the main sellers are still short-term investors, and the panic is quite severe. The data is full of reductions, but the main sellers are still short-term investors. The biggest question now is how long this panic will last. First, we need to see how Asian investors react tomorrow during the day, then whether U.S. investors will continue to sell in the evening. Recently, most selling has been during Asian hours.”

“The chip structure remains very stable, which is also frustrating. It’s true that even investors with losses haven’t shown signs of large reductions, which is very different from before. The rapid decline isn’t due to massive selling, but more likely due to liquidity shortages.”

Today’s Outlook

1. Germany’s December seasonally adjusted trade balance (billion euros), previous value 13.7

2. U.S. February University of Michigan Consumer Sentiment Index preliminary, previous value 56.4