Investment bank TD Cowen指出，美国 Congress is close to passing legislation to permanently ban the Federal Reserve from issuing Central Bank Digital Currencies (CBDC). The amendment, proposed by Senator Ted Cruz, aims to turn the current temporary ban into a permanent one, with opponents emphasizing the privacy threats posed by CBDCs. This move could benefit stablecoin issuers but also introduces complex factors for cryptocurrency market legislation.

February 3 News, in early February Bitcoin (BTC) faced pressure at the start of the month, with risk appetite cooling and funding tightening, causing BTC prices to briefly fall below $80,000. However, multiple on-chain and funding indicators show that selling pressure is easing, and the probability of a phased recovery is building. Although these signals are not yet sufficient to confirm a trend reversal, they provide a realistic basis for the possibility that “Bitcoin may not stay below $80,000 for long.” First, signs of renewed demand are emerging in the U.S. market. Although the Bitcoin premium index on a major U.S. platform remains in negative territory, it has significantly rebounded. This indicator measures the strength of domestic buying relative to global demand; historically, a shift from negative to positive often accompanies price recovery. Investor Ted pointed out that recent lows have been raised, indicating that buying demand is quietly recovering.

The latest on-chain data shows a key shift among long-term Bitcoin holders. Wallets holding Bitcoin for at least 155 days have, after approximately 6 months of continuous reduction, shown signs of halting their sell-off for the first time. This change is seen by the market as an important signal of Bitcoin price stabilization and also provides emotional support for subsequent trends. Data indicates that the Bitcoin holdings of these long-term holders decreased from about 14.8 million in mid-July to approximately 14.3 million in December. However, cryptocurrency investor Ted Pillows pointed out that since July 2025, long-term holders have not exhibited significant selling behavior for the first time, indicating that selling pressure is notably easing. In historical cycles, the behavior of long-term holders is often regarded as a key indicator of medium- to long-term Bitcoin trends.