若比特币跌破 6.8 万美元，主流 CEX 累计多单清算强度将达 10.8 亿

CSWAP Launches Bitcoin Staking on Testnet 4

_CSWAP debuts native Bitcoin staking protocol on Bitcoin Testnet 4. No custodians, no wrapped BTC. One-to-one UTXO mapping to Cardano preprod launches tomorrow._ CSWAP rolled out its native Bitcoin staking protocol this week on Bitcoin Testnet 4. The protocol cuts out custodians completely. No w

贝莱德数字资产主管：杠杆驱动的波动正威胁比特币叙事

贝莱德数字资产主管Robert Mitchnick指出，加密衍生品平台上的杠杆投机加剧了比特币市场波动，可能影响其作为对冲工具的长期定位。他强调比特币的基本面依然稳固，但短期交易行为趋向于“杠杆化的纳斯达克”，提高了保守型机构的投资门槛。同时，他反驳了现货ETF导致市场波动的观点。

Bitcoin Stock-to-Flow Model Today

Introduction In search for an increasingly better store of value, man has traversed a long path from shells to metals and now almost to digital assets. Since Bitcoin ($BTC) shares many qualities of a good store of value, it has attracted the attention of experts and retailers equally since 2009.

Decision Zone: Bitcoin Compresses Under $72K With $80K or $60K in Sight

Bitcoin price stands at $69,397, commanding a market capitalization of $1.40 trillion, with $42.58 billion in 24-hour trading volume. Over the past day, bitcoin has traded within a tight intraday range of $69,286 to $70,897, pointing to a market that is active, liquid, and carefully positioning

BTC 15分钟下跌0.66%：矿工抛压与衍生品去杠杆主导短线回调

2026-02-15 13:15 至 13:30（UTC），BTC在15分钟内录得-0.66%的短时下跌，市场波动加剧，引发投资者高度关注。窗口期内BTC价格自高位微幅下滑，链上与衍生品市场同步反映出流动性紧张与市场谨慎情绪抬头。首先，本次异动的主要驱动力来自于矿工持续亏损背景下的结构性抛压。BTC现价较平均生产成本低约20%，部分矿工被迫抛售持仓以覆盖运营开支，对现货市场形成了下行压力。与此同时