Crypto Daily Report #我在Gate广场过新年 02.13(: Bitcoin ETF Fund Reversal, Surge in Network Liquidations, and Large-Scale Miner Transfers Trigger Short-Term Pressure

I. Bitcoin Price Trends and Technical Analysis
1. Bitcoin is currently consolidating between $67,000 and $68,000. The daily chart shows a bearish trend, with short-term rebounds hindered by resistance levels. Price movement needs volume confirmation; key support levels are at $66,000, $64,000, and $60,000. Short-term resistance levels are at $68,000 and $69,500. Technical indicators suggest cautious market sentiment, with no reversal signals yet.
2. After several days of inflows, Bitcoin ETF funds have experienced a large-scale outflow for the first time, ending the previous inflow trend. Coupled with macroeconomic pressures, short-term market sentiment remains cautious.

II. Market Risks and Short-Term Price Forecasts
1. In the past 24 hours, total crypto liquidations across the network reached $215 million, with short positions accounting for over 60%. Liquidations of Bitcoin and Ethereum were $86.15 million and $44.61 million respectively, indicating high leverage risk in the market.
2. Standard Chartered Bank has lowered its short-term price forecast, suggesting Bitcoin could fall to $50,000, and Ethereum may bottom around $1,400. This is mainly due to ETF fund outflows, macroeconomic pressures, and regulatory uncertainties.
3. Bitcoin ETF holdings have decreased by nearly 100,000 BTC since the October 2025 peak. Investors have not realized losses on a large scale, and market risk aversion is increasing.

III. Institutional and Miner Behavior Dynamics
1. Binance completed a purchase plan of 15,000 BTC for the SAFU fund, with total holdings reaching 15,000 BTC, valued at approximately $1.005 billion, further strengthening Bitcoin’s position as a long-term reserve asset.
2. Bitcoin miners transferred large amounts of BTC on February 5 and 6, moving 28,605 BTC (worth about $1.8 billion) and 20,169 BTC (worth about $1.4 billion) respectively. These are seen as potential sell-off signals, and market absorption should be monitored closely.