In the past hour, total liquidations across the network reached $10.34 million, with $8.15 million from long positions, with $2.20 million from short positions. BTC liquidation $4.45 million, ETH liquidation $1.81 million.

According to Cointelegraph, as reported by Odaily Planet Daily, current sentiment in the crypto market has fallen to "extremely depressed" levels, potentially nearing a "persistent bottom," with selling pressure likely to gradually weaken. The Bitcoin Fear & Greed Index shows that when the 21-day moving average falls below the zero line and then turns upward again, it often corresponds to a temporary bottom, and a similar signal has appeared. This typically indicates weakening selling momentum and stabilizing market conditions. However, the organization also cautions that prices may still fall further in the short term, but historical experience suggests that extreme negative sentiment often provides relatively attractive entry windows. Meanwhile, Alternative.me's Fear & Greed Index reads 10 (out of 100), placing it in the "extreme fear" zone, its lowest level since June 2022. Hive Chairman Frank Holmes stated that Bitcoin's current price is about two standard deviations below its 20-day moving average, a situation that has only occurred three times in the past five years. Historical data shows that in similar extremely oversold environments, a technical rebound is more likely to occur within the following 20 trading days. If Bitcoin closes lower in February, it will mark its fifth consecutive monthly decline, one of the longest losing streaks since 2018. The market is watching to see if extreme sentiment and oversold technical signals will combine to drive a new turning point.

According to Odaily Planet Daily, OKX market data shows that BTC briefly fell below 68,000 USDT, currently trading at 67,987.3 USDT, a 24-hour decrease of 0.7%. (This news item was generated with AI assistance.)

Odaily Planet Daily reports that Backpack has officially announced the launch of identity verification before TGE, the first step in the process for users to claim their tokens. Users can now verify their identity through the website or app.

According to data from DeFiLlama, as reported by Odaily Planet Daily, over 60 blockchains have monthly fees of less than $1,000. Many of these blockchains have received substantial funding or have been endorsed by well-known institutions. For example, Stryk's fees in the past 30 days were $707, Corn's were $424, and Mode's were $400.