👋 Welcome to the CoinStats Scoop, your weekly newsletter with the most groundbreaking Web3 innovations and market-moving headlines in the crypto space.
Stay in the loop with all the key market moves, emerging trends, and exciting developments in the crypto space from the past week 📊.
Cryptocurrency markets experienced another brutal week of decline this week, as crypto investor sentiment sank to levels last seen after the $8 billion crash of FTX exchange in November 2022.
Bitcoin’s price saw its most brutal correction of the current market cycle, seeing an over 50% drawdown from its all-time high of $126,000, as traders moved into defensive positioning, fearing more downside.
Corporate crypto treasury firms have also been pressured by the market crash, particularly Solana treasury firms, which are now sitting on over $1.5 billion in cumulative unrealized losses.
The silver lining? No corporate entities announced large-scale liquidations despite the brutal correction, signaling widespread confidence in the long-term prospects of digital assets.
Lastly, Bitcoin continues to find demand among true believers. Earlier this week, the world’s largest crypto exchange, Binance, bought $700 million in Bitcoin for its emergency fund, pledging a long-term holding strategy 🏦.

In this week’s CoinStats Scoop, you’ll find:

📊 Crypto Market Analysis And The Most Important News In Web3
🚨 Crypto Investor Sentiment Plunges To Post-FTX Low After Market Correction
💰 Binance Accumulates $700M Bitcoin Through “SAFU” Fund
📉 Solana Treasury Companies Face $1.5 Billion in Losses After the SOL Correction
🧑‍💻 Infini Hacker Awakens, Buys Ether Dip For $13 Million At $2,100
🔮 Analysis And Key Events That Will Shape The Crypto Market Next Week

🚨 Crypto Investor Sentiment Plunges To Post-FTX Low After Market Correction

Crypto investor sentiment took a massive hit following last week’s market crash, falling to levels last seen during the collapse of the FTX exchange and its 150 subsidiaries.
The crypto fear & greed index, a proprietary tool that measures crypto investor sentiment, fell to 5, or “Extreme Fear,” on Feb. 5, signaling deteriorating sentiment.
The reading shows that crypto investor sentiment is at the lowest point on the indicator since the FTX collapse in late 2022, which triggered the previous crypto winter that resulted in a Bitcoin bottom near $16,000.
In parallel, newcomer interest in digital assets has also seen a decline. Google search volume for the term “crypto” fell to a 1-year low last seen in February 2025, in another sign of low investor demand, Google Trends data shows 🔎.
For cryptocurrency valuations, the indicators signal a lack of investor engagement, which will need a fresh fundamental or crypto-specific catalyst to revert and attract fresh capital to boost the market’s recovery.

Binance Accumulates $700M Bitcoin Through “SAFU” Fund 🛡️

Binance, the world’s largest cryptocurrency exchange, has bought the Bitcoin dip, betting on the long-term upside of the largest cryptocurrency 📈.
Binance bought a total of $720 million in Bitcoin for its emergency reserve, the Secure Asset Fund for Users (SAFU) wallet, following the latest $300 million investment on Feb. 9, according to Arkham.
This puts Binance more than 70% of the way toward its goal of accumulating $1 billion Bitcoin for the emergency reserve, announced less than two weeks ago amid the market downturn.
“Our SAFU BTC address now holds 10,455 BTC,” wrote Binance on Feb. 9
🗣️ “We’re continuing to acquire #Bitcoin for the SAFU fund, aiming to complete conversion of the fund within 30 days of our original announcement.”
The decision marks a bold move from the world’s largest crypto exchange, which could bolster its emergency reserves during the next Bitcoin recovery 🚀 It may serve as a strategic example for other Web3 firms seeking to incorporate Bitcoin as a more productive balance sheet asset, compared to inflationary fiat-based reserves.

Solana Treasury Companies Face $1.5 Billion in Losses After SOL Correction 📉

Solana treasury companies are facing growing pressure from the crypto market downturn, in the first true stress test for the resilience of digital asset treasury companies.
Solana’s price continued its price decline with a 15% drawdown this week, adding more downside following the 46% decline seen during the past 3 months, according to CoinStats data.
The SOL price’s decline to $80 has put immense pressure on public crypto treasury firms that faced $1.52 billion worth of cumulative unrealized losses on their SOL token holdings💸.

While public treasuries already hold 2.95% of the total SOL supply, their cumulative holdings are down over 40%, CoinGecko data shows.
Concerningly, most of the top Solana treasury firms saw their Market Net Asset Value (mNAV) fall below the critical 1 level, making it nearly impossible to raise new capital to fund operations and more crypto purchases.
The mNAV decline is among the main reasons why none of the leading SOL treasuries disclosed major purchases since the market downturn in October🍂.
Yet, in a silver lining to the mounting losses, none of the companies were forced to sell their SOL holdings, signaling deeper institutional confidence willing to hold through the crypto market drawdowns with long-term perspectives.

Infini Hacker Awakens, Buys Ether Dip for $13 Million at $2,100 🧑‍💻

The wallet tied to the $50 million exploit behind stablecoin payment protocol Infini is buying the dip, signaling a lucrative entry point based on its previous track record.
The Infini exploiter’s wallet resurfaced for the first time in over half a year and converted $13.3 million of its stolen funds to buy the Ether dip, when the ETH price was trading at $2,109.
During previous trades, the exploiter bought the Ether dip at $2,798 and $3,322 before selling near the yearly top at $4,202 in August, signaling a flawless track record for the past year 📈.
“He seems very good at buying low and selling high,” commented blockchain data platform Lookonchain after the exploiter resurfaced.
The $13 million discount buy shows true conviction in Ether’s recovery from the $2,000 psychological mark, which is seen by the exploiter as a probable local bottom as they continue to trade with the funds stolen over a year ago 💎.

Market Overview: Bitcoin Sinks Under $70K as Crypto Investor Pain Hits Terra Crash Levels 🔮

Bitcoin’s price experienced its most brutal correction since the 2024 Bitcoin halving event, falling near the $60,000 psychological mark as a large part of the supply moved into the red.
Bitcoin fell over 10% during this past week, briefly touching a low below $62,000 before recovering to find its footing above the $66,000 mark, according to CoinStats data.

The declines took over 16% of the current Bitcoin supply into unrealized loss territory, introducing the highest crypto investor pain that markets experienced since May 2022, following the crash of Terra and its algorithmic stablecoin ecosystem, according to Glassnode ⚠️.

Yet, in a silver lining to the crash, aggregate crypto exchange data is signaling that capital is returning but leverage is not ramping up, flashing an early sign of a more sustainable, spot-driven Bitcoin recovery.
The growing idle capital is seemingly on hold until a new market catalyst, wrote data platform CoinGlass:
🗣️ “Binance sees strong inflows and volume, yet average leverage remains suppressed. This is not a trend market, it’s a post-deleveraging environment waiting for a trigger,”

For traders awaiting more upside, Bitcoin needs to defend the crucial $62,000 support level to avoid $750 million worth of leveraged long liquidations that would trigger more selling pressure, according to liquidation data by Coinglass.
Conversely, a meaningful breakout remains unlikely until Bitcoin can breach through the $1 billion worth of leveraged shorts just below the $68,900 mark, which may be the next big resistance level for BTC.

Tweets & Memes

Ethereum whales with +1,000 ETH have dumped 1.5% of the supply. Is the worth over? 🐋

Institutional crypto holdings have also gone underwater 📉.

What’s going on on crypto Twitter?! 🐦

A huge supply of Bitcoin is now at a loss after the market crash.

Thank you for reading the weekly CoinStats Scoop Newsletter.
CoinStats will continue to guide you through the world of crypto and DeFi. We’ll see you next week for another edition of CoinStats Scoop! 😎