Bitcoin Market Dynamics Show Divergent Behavior Between Retail and Whale Investors Following Super Tuesday

AI is draining crypto liquidity? Wintermute warns: capital rotation is reshaping Bitcoin and the crypto market

February 11 News, crypto market maker Wintermute pointed out in its latest market commentary that the AI investment boom has been ongoing for several months, drawing away available global funds and weakening the growth momentum of Bitcoin and the entire cryptocurrency market. The organization believes that if AI-related trading continues to dominate capital, digital assets may find it difficult to outperform other risk assets in the medium term. Wintermute stated that the current market is experiencing a clear sector rotation, with funds flowing heavily into AI stocks, which has compressed the liquidity available for inflows into the crypto space. Over the past year, driven by demand for chips, cloud computing, and automation, many leading AI companies saw stock price increases of over 200%, attracting significant institutional allocations. In contrast, Bitcoin and mainstream crypto assets, while still above the lows of the previous cycle, have lagged significantly behind the AI sector in terms of gains.

US Jobs and CPI Storms Are Coming: Where Will Bitcoin Price Go Under the Shadow of the Government Shutdown?

On February 11, Bitcoin prices slightly retreated but remained around $66,000, with the market holding its breath as it awaits guidance from several key macroeconomic data points, including the latest U.S. employment report, Consumer Price Index (CPI), and the potential risk of a government shutdown. Ethereum also came under pressure, with prices still below $2,000, reflecting a generally weak risk appetite in the crypto market. The current total market capitalization of digital assets is approximately $2.29 trillion, down about 2.5% over the past 24 hours. In the United States, the delayed January employment report will disclose non-farm payrolls, unemployment rate, and wage inflation, which are considered important indicators for assessing the economic start in 2026. Previously, in December, about 50,000 new jobs were added, and the unemployment rate dropped to 4.4%. Economists expect January's new job additions to rebound to 55,000, with the unemployment rate likely remaining unchanged. Tariff policies, immigration restrictions, and the accelerated replacement of traditional jobs by artificial intelligence are seen as the main variables disrupting the labor market.

USDT Market Cap Experiences Negative Growth for the First Time in Two Years: Does the Fluctuation in Stablecoins Signal a Mid-term Shift for Bitcoin?

February 11 News, as the largest stablecoin by market capitalization, USDT has recently shown rare signals. Its market cap growth, after expanding for two consecutive years, has turned negative for the first time, sparking market concerns about a weakening mid-term trend. Multiple on-chain indicators show that changes in stablecoin supply are becoming a key reference for measuring risk appetite and liquidity in the crypto market. Data shows that the 60-day moving average of USDT market cap change, as reported by CryptoQuant, turned negative in February. The last time a similar situation occurred was in the third quarter of 2023. Historical charts indicate that when USDT supply continues to grow, new liquidity often flows into crypto assets; when the growth rate is negative, it suggests funds are more inclined to withdraw from the market rather than wait for a rebound. Analyst Crypto Tice pointed out that a contraction in purchasing power weakens downside support, making short-term rebounds more susceptible to selling pressure.

Bitcoin’s Ongoing Plunge Denotes Strongest Drawdown, Says Anthony Pompliano

Anthony Pompliano asserts that the current Bitcoin plunge is its strongest drawdown, despite appearances. He argues that market data shows a structural shift towards lower volatility, indicating long-term strength amid short-term fluctuations, supported by growing trading interest and macroeconomic factors.

Michael Saylor doubles down on Bitcoin: Strategy remains heavily invested, long-term returns will be twice that of the S&P 500

February 11 News, despite the ongoing volatility in the crypto market, Strategy Executive Chairman Michael Saylor remains bullish on Bitcoin, believing its long-term returns could reach twice that of the S&P 500 index. Over the past year, Bitcoin has fallen sharply from its all-time high of $126,000 set in October 2025, currently trading about 28.6% below its peak. During the same period, Strategy's stock price declined even more significantly, dropping to around $103 at one point, and recently rebounded to approximately $138. Amidst the market downturn, Strategy has chosen to increase its holdings. The company disclosed that it has spent about $90 million to purchase 1,142 Bitcoins, bringing its total holdings to 714,644 coins, accounting for approximately 3.4% of the total Bitcoin supply. However, the current Bitcoin price is still below its overall acquisition cost. The company recorded a net loss of $12.4 billion in Q3 2025, with a loss of $42.93 per share.