BeInCrypto Brasil

Crypto investors faced a significant increase in so-called 'signature phishing' attacks in January, with losses soaring over 200%.

According to data from Scam Sniffer, a blockchain security company, signature phishing attacks drained about $6.3 million from user wallets in the first month of the year. Although the gross number of victims fell by 11%, the total amount stolen rose by 207% compared to December.

Signature phishing and address poisoning caused losses in January

The founder of Ethereum, Vitalik Buterin, made a donation to Shielded Labs, supporting the development of Crosslink, a consensus enhancement proposal for Zcash.

The initiative indicates a growing commitment from Buterin to infrastructures that preserve privacy, as well as demonstrating greater interest in strengthening finality and settlement guarantees in proof-of-work based blockchains.

Thank you to @VitalikButerin for supporting Shielded Labs and Crosslink! A portion of the funding will be used to spin up a persistent incentivized testnet, where users running finalizers or staking can earn small amounts of ZEC. We’re looking forward to broader community… https://t.co/a55ufBT3Wm

XRP experienced a remarkable recovery after a strong sell-off shook investors' confidence in the market. The asset had recorded significant losses, prompting fear-driven outflows among retail investors.

However, certain groups of investors saw the decline as an opportunity. Strategic accumulation has already begun to shift the landscape in favor of XRP.

XRP investors show significant support

Large XRP investors played a decisive role in the recent recovery. In the last two days, wallets holding between 100 million and 1 billion XRP have accumulated over 230 million coins. At current prices, this movement exceeds 335 million dollars, demonstrating great conviction among these agents.

The cryptocurrency market is facing strong turbulence. Bitcoin has dropped to below $70,000 in recent days. The other crypto assets followed this downward movement.

According to Binance's weekly report published yesterday (5), the decline is related to the appointment of Kevin Warsh as the next chairman of the Federal Reserve (Fed, the central bank of the USA). There are fears that Warsh might promote a tightening of liquidity, triggering a large-scale deleveraging.

Cryptocurrencies, positioned at the end of the liquidity chain, are suffering the strongest impact. Bitcoin has lost important support levels. Market sentiment has become cautious.

Economist Charles Mendlowicz, the Sincere Economist, points out that the correlation between Bitcoin and the technology sector has never been stronger; widespread declines open opportunities for the long term.

The digital asset market woke up in a 'bloodbath' yesterday (5). Bitcoin (BTC) recorded a sharp devaluation exceeding 10% in just a few hours.

The movement swept away more than $200 billion from the crypto market. According to economist Charles Mendlowicz, partner at Ticker Wealth and creator of the Sincere Economist channel, the phenomenon reflects deep nervousness affecting the tech giants.

The South Korean cryptocurrency exchange Bithumb faced a serious operational issue on February 6, 2026, which quickly led to a double-digit drop in the BTC/KRW trading pair.

The episode brings to light old controversies involving the exchange, such as instances of partial liability in data leaks.

According to reports, a team member mistakenly sent 2,000 Bitcoin (BTC) to hundreds of users, when in fact the prize was supposed to be 2,000 Korean won (KRW).

The South Korean crypto exchange Bithumb officially confirmed that an operational error resulted in an abnormal payment of Bitcoin during a promotion.

The incident caused a brief, yet intense, price distortion on the platform before the markets stabilized in a few minutes.

Bithumb confirms accidental payment in bitcoin

In a statement, Bithumb apologized to users and acknowledged that “… an abnormal amount of Bitcoin was paid to some clients…” during the action, which generated temporary volatility as the beneficiaries sold the asset.

The price of Ripple's XRP has started to show initial signs of stabilization after a sharp drop in the last 24 hours. The token recently broke its long-term downtrend channel and fell below its realized price, a level that indicates the average cost of all coins in circulation. After retreating to $1.11, XRP has recovered to the $1.30 region.

At first glance, the movement indicates a significant jump. In previous cycles, similar conditions arose close to inflection points. However, historical data indicates that XRP tends to consolidate for prolonged periods at these levels before starting a recovery. Current technical and on-chain indicators show that, although selling pressure is increasing, the market may not have undergone a complete adjustment yet.

Michael Burry, the investor who predicted the 2008 crisis, warned this Monday (2) about a possible even greater drop in Bitcoin. According to him, the cryptocurrency could enter a “death spiral” — a vicious cycle of sales that feeds on itself.

Bitcoin has fallen 40% since its peak last October. On Tuesday (3), it was worth less than $73,000. This Thursday (5), it plummeted to $61,000, before recovering to $64,000.

What is the “death spiral”?

Burry wrote in his Substack that Bitcoin has proven to be a purely speculative asset. It did not function as a hedge against currency devaluation, unlike gold and silver.

Traders' losses intensified in the first week of February. The volume of liquidations continued to grow while the crypto market repeatedly frustrated recovery expectations, driven by a sequence of red candles.

However, several analyses point to a possible improvement in the scenario, although a rapid recovery remains unlikely.

According to CoinGlass, the total liquidations in the crypto market reached $2.65 billion in the last 24 hours. Of this amount, over $2.2 billion refers to long positions.

The total market capitalization of cryptocurrencies (TOTAL) and Bitcoin (BTC) recorded their biggest drops in a single day this year, with the latter falling to $64,500. Bitcoin Stable (STABLE) followed the king of cryptocurrencies, dropping 23% in 24 hours and moving away from its all-time high.

In today's news:

Strategy's shares faced renewed pressure after Bitcoin fell to $60,000, further reducing the company's large BTC reserves relative to its average purchase price. With Bitcoin about 21% below its acquisition cost, MicroStrategy's shares are now trading at a discount to their net asset value in Bitcoin, highlighting the growing risk to the balance sheet.

A Strategy released its fourth quarter 2025 earnings report and, along with it, revealed an extreme downturn scenario that would start to pressure its Bitcoin treasury model.

The CEO's statements brought a rare analysis of how far the market could retreat before the company's capital structure faced strong pressure.

Strategy reveals what its critical point would be

During the announcement of the latest results, Strategy's CEO, Phong Le, stated that a 90% drop in the price of Bitcoin, to around $8,000, would mark the point at which the company's BTC reserves would equal its net debt.

The recent recovery of Bitcoin has reignited the narrative of buying the dip, but the data reveals a more complex scenario. After falling nearly 15% and briefly touching the $60,000 region, the price of Bitcoin has risen over 11%, attracting traders back to long positions.

At first glance, the recovery seems positive. However, negative graphic patterns, high leverage, and still fragile demand in the spot market indicate that the market may continue to be under threat. With a potential drop of up to 25% still on the horizon, the current upward movement is facing criticism.

A Strategy faces new pressure in the market after Bitcoin dropped to $60,000, deepening the technology giant's exposure to risk in its substantial reserve of crypto assets and reigniting concerns about its financial health.

The company's shares recorded a sharp decline as Bitcoin extended its depreciation, reflecting the role of Strategy as a leveraged vehicle for exposure to the digital asset. The retreat also caused the company's market value to fall below the amount corresponding to its Bitcoin reserve, signaling tension for the treasury model adopted.

The BNB underwent a significant correction, with the price dropping from US$ 900 to around US$ 700 in the last sessions. The decline erased months of gains and brought the asset to a seven-month low.

Although selling pressure has prevailed, the negative movement may not be over if investor behavior does not change. Initial on-chain trends indicate that the scenario could still change.

BNB registers an increase in the number of new investors

BNB's network activity has shown strength even with the price drop. The creation of new addresses has grown consistently in recent days, reaching almost 1.3 million additions. Currently, the network continues to add more than 1 million new addresses daily. This advancement indicates ongoing interest during a period of intense volatility.

The Ethereum network is experiencing its most active phase to date. However, this does not necessarily indicate an optimistic outlook. Recent on-chain data reveals that Ethereum has reached an important milestone, with the transfer count hitting a historic record. In the past, similar signals have not always resulted in positive performance for prices.

Additionally, a significant increase in inflows to exchanges raises concerns that selling pressure has not yet been overcome.

Solana continues to face strong distribution pressure after an intense liquidation, with the price forming a descending wedge pattern on the daily chart. This setup resembles the movement recorded in the previous cycle, which preceded a significant recovery.

In addition to the technical symmetry, on-chain valuation metrics suggest that SOL may be entering a consolidation phase, as the downward momentum continues to decelerate.

Solana investors remain optimistic

Bitcoin has entered a critical phase after the recent correction that brought the price down to the region of $70,000. From a macroeconomic perspective, this movement exposes BTC to an increased risk of decline.

Several on-chain and technical indicators are now pointing to a bearish outlook. However, large investors are actively accumulating, seeking to slow down or reverse the developing trend.

Bitcoin loses important on-chain support

Bitcoin fell below the True Market Mean for the first time since September 2023. This indicator reflects the aggregate cost of coins in active circulation. Trading below this level signals a weakening of conviction among participants and indicates a structural change in market behavior.

The Justice of São Paulo made an unprecedented decision in a case of fraud involving cryptocurrencies. A judge from the Civil Court ordered the blocking of USDC (a stablecoin, that is, a cryptocurrency pegged to the dollar) by Circle, the issuer of the asset.

The victim lost about US$ 13 thousand in a fraudulent scheme. The scam began with ads promising high returns in the crypto market through artificial intelligence.

The fraud was gradual. A false mentor guided the victim step by step, building trust over time. The person was directed to a platform called 'Atual Invest', which had a professional appearance.

XRP recorded a sharp decline, falling 24% in the last week due to increased selling pressure in the market. The movement left the altcoin in a vulnerable position, breaking the pattern of previous recoveries.

This persistent weakness indicates that the current correction may change the historical price behavior of XRP if demand does not return.

XRP's history indicates recovery ahead

The unrealized liquid profit and loss is approaching the capitulation zone. At this stage, unrealized losses exceed small gains in the circulating supply. Historically, these conditions reduce selling momentum.