Yi Dao

Today we won't discuss the market, but I'd like to seriously talk about why I am continuously increasing my position in $FOGO . Many people ask me, with so many new public chains and storage projects, why I specifically chose Fogo? My answer is simple: because this team is truly doing real work. I've seen @fogo's latest technical roadmap, and the deployment efficiency of distributed storage nodes has improved by 40%. The redundancy verification mechanism has also been optimized and upgraded – it's not the kind of empty promises found in white papers, but verifiable mainnet data.
To be honest, I've seen too many projects in this industry that rely on concepts to raise funds, peaking upon launch and then slowly going to zero. But #Fogo is different; from the testnet to the mainnet launch, each step has been taken steadily. People in the community joke that Fogo is a 'construction madman,' which I think is very fitting. In the storage race, it’s not about whose slogan is the loudest, but who can truly execute the underlying logic of data slicing, encrypted distribution, and retrieval aggregation. Fogo's storage proof contract has already undergone three rounds of auditing, which is quite rare among similar projects.

The core conclusion of the BTC crash in early February 2026: a resonance of four factors - tightening macro expectations + institutional capital withdrawal + high leverage sell-off + weakened regulation and narrative. On February 6, it briefly fell to $60,000, setting a new low since November 2024, with a cumulative drop of about 20% this week.
1. Core market and key data
- Price plummeted: quickly dropped from $83,000, with a maximum decline of over 15% in 24 hours, over 420,000 liquidations across the network, amounting to $2.56 billion, with long position liquidations accounting for 93%.
- Liquidity and capital: Order book depth has retreated, large sell orders easily trigger volatility; spot ETFs have seen continuous net outflows, institutional demand is weakening, and the Coinbase premium gap has fallen to its annual low.

On February 3rd, gold and silver experienced a surge, followed by a significant pullback on February 5th. The core drivers and key information are as follows:
1. Core reasons for the surge
- Macroeconomic and policy expectations: Expectations for Federal Reserve interest rate cuts have increased, the US dollar has weakened, coupled with global geopolitical turmoil, leading to a surge in demand for safe havens and inflation hedging.
- Funding and emotional drivers: Speculative funds have surged in, with a technical rebound after previous overselling; on February 3rd, London gold rose by 5.77%, and London silver rose by 9.79% (at one point exceeding 12% intra-day).
- Industrial attributes of silver: Rigid growth in industrial demand such as photovoltaics and new energy vehicles, combined with limited supply, making it more elastic than gold.

USD1 is a 1:1 USD stablecoin issued by World Liberty Financial (WLFI), and WLFI is the governance token of the company, forming an ecological binding relationship of 'stablecoin + governance'. Here is the core information:
1. USD1 (stablecoin)
- Issuer: World Liberty Financial (WLFI), launched on March 25, 2025.
- Core mechanism: 100% reserve collateral, supported by short-term U.S. Treasury bonds, USD deposits, and other assets, custodial by BitGo, with Chainlink PoR ensuring transparency.
- Network support: Ethereum, Binance Smart Chain, TRON, cross-chain circulation and applications.

In February 2026, BTC experienced a sharp decline, primarily due to expectations of tightening macro liquidity, institutional fund withdrawals, high leverage liquidations, and a weakening of regulation and narrative, resulting in a price drop below $75,500, with a maximum decline of over 7% in 24 hours and over $2.5 billion liquidated across the network, affecting 420,000 individuals.
1. Core triggers and driving factors
- Expectations of tightening macro liquidity: The nomination of a hawkish Federal Reserve Chair, market expectations for interest rate hikes and balance sheet reduction, potential tightening of US dollar liquidity, and pressure on high-risk assets like BTC; simultaneously, support for CBDCs impacts the decentralization narrative of BTC.
- Continuous withdrawal of institutional funds: Spot ETFs have seen a net outflow of over $4.8 billion for three consecutive months, with significant outflows from key players like BlackRock's IBIT, as institutions reduce risk exposure and buying support is lacking.