Today (February 10, 2026) the important dynamics of the Web3 and cryptocurrency market are mainly focused on policy regulatory trends and industry activities in Hong Kong.
· Policy regulation
· Key dynamics: Federal Reserve officials comment on market sentiment; the White House will hold a meeting on stablecoins; U.S.-Canada cryptocurrency regulation is stuck in Congress.
· Main content/viewpoint: Federal Reserve Governor Waller stated that the market optimism following Trump's election may be fading, and recent volatility is related to regulatory uncertainty and institutional risk management operations. Regulatory issues are stalled in Congress.
· Potential impacts: High-level statements affect market sentiment; discussion results from the meeting may influence the regulatory framework for stablecoins.
· Industry Activities
· Key Developments: Hong Kong is hosting two important Web3 industry events today.
· Main Content/Viewpoint: As part of the 'Consensus HongKong' surrounding events, focusing on Ethereum ecosystem, RWA, DeFi, AI, and academic collaborations.
· Potential Impact: Showcasing the vitality of Hong Kong as a Web3 hub, promoting the integration of academia and industry.
💡 Market Depth Observation
In addition to the above news, the current crypto market itself is also releasing some signals worth paying attention to:
· Market Sentiment Tends to be Cautious: According to derivatives market data, the funding rate for Bitcoin perpetual contracts remains negative, indicating that traders require compensation for holding long positions, with overall sentiment leaning towards defense.
· Leverage Enthusiasm Cooling: The total open contracts for Bitcoin futures have decreased by about 50% from their peak, showing a significant reduction in market leverage, which may reduce future volatility but also indicates insufficient momentum for new capital.
· Options Market Risk Mitigation: The skew of put options in the options market is significant, indicating that investors are more willing to pay a premium to hedge against price declines and are cautious about short-term trends.
🔭 Future Highlights
Overall, today's news reflects that the market is in a wait-and-see period:
· Progress on the policy front (such as follow-ups from the White House meeting, whether Congress can break the deadlock) will be key in influencing medium- to long-term trends.
· Other variables in the macro economy, such as the Japanese political situation, performance of precious metals, and the AI sector in U.S. stocks, may also affect the crypto market.
· If the market's own structural adjustments (such as leverage clearing) are completed, it may lay the foundation for the next phase of trends.#易理华割肉清仓 $BTC