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2026-02-10
2-10
Ledger adds OKX DEX to enable self-custodial direct token swaps
Ledger has integrated the OKX DEX, allowing Ledger Wallet users to swap tokens directly while retaining full control of their private keys, TheBlock reported. JeanFrançois Rochet, EVP of Consumer Services at Ledger, said the connection offers users more options to access the most competitive available rates when executing swaps.
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OKB+1.05%
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2-10
Wintermute says AI drains liquidity; U.S. selling drives Bitcoin price discovery
Wintermute said on February 10 that Bitcoin fell to $60,000 last week, erasing all gains since Trump\u0027s election, as spot funding flows signaled structural pressure and the Coinbase premium remained at a discount throughout the move, persisting since last December. Its internal OTC funding flow data indicated U.S. counterparties were the main sellers throughout the week, a trend Wintermute said was amplified by ongoing ETF fund redemptions. The firm added that AI-related assets have been absorbing market capital and crowding out crypto allocations, linking crypto underperformance on AI rallies and deeper pullbacks to rotation into the AI sector; it said crypto outperformance likely requires AI trading to cool, only tentatively started by Microsoft\u0027s weaker-than-expected earnings. Wintermute described a surrender-style liquidation with volatility spiking and buy support at $60,000, said leverage dominates amid low spot volumes and follow-through will be hard without a clear rebound in open interest, and argued that sustained upside is unlikely before the Coinbase premium turns positive, ETF capital flows reverse and the basis interest rate stabilizes, while retail attention is being diverted and ETFs and derivative channels increasingly steer direction.
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2-10
US Bitcoin ETFs log first consecutive inflows in a month
US $BTC exchange-traded funds have posted consecutive inflows in the US market, marking the first back-to-back additions in a month. The move represents the first sequential inflow pattern observed over the past month across US $BTC ETFs.
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BTC-0.53%
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2-10
Wintermute flags U.S. selling and AI rotation sapping crypto liquidity as Bitcoin enters volatile price discovery
Wintermute said on February 10 that Bitcoin briefly fell to $60,000 last week, erasing all gains since Donald Trump's election, while spot flows and a persistent negative Coinbase premium since December point to ongoing structural selling pressure from U.S. counterparts, further amplified by continued ETF redemptions. The firm noted that in recent months AI-related assets have consistently attracted available market capital at the expense of crypto, with digital assets underperforming when AI names rally and falling more sharply when they decline, a pattern it largely attributes to capital rotating into the AI sector and believes would require AI trading to cool before crypto can outperform again. According to Wintermute, last week's move resembled a capitulation flush as volatility spiked and bids emerged around $60,000, but in an environment of weak spot volumes leverage is driving price swings and a lack of recovery in open interest is preventing sustained follow-through in either direction, while true structural repair would need a visible return of spot demand, which it currently does not see. The firm added that the market is likely entering a choppy, high-volatility price discovery phase and that, until the Coinbase premium turns positive, ETF flows reverse and basis rates stabilize, the upside appears limited, with retail attention scattered into other asset classes and overall direction increasingly driven by institutional flows through ETFs and derivatives.
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2-10
Capital returns to exchanges as leverage stays subdued; Binance net inflows climb
CoinGlass data show that capital has started to return while leverage has not recovered on Feb. 10. Binance is seeing notable net inflows and higher trading volumes, but average leverage remains suppressed. The market is not trending and is instead in a post-deleveraging setup awaiting a trigger, CoinGlass said.
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Bitcoin ATH timing faces 3-year window as $1.32B ETF outflows hit Jan 20–23, 2026

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