Announcements Gate Research: Bitcoin Selling Pressure Eases Temporarily | Crypto Market Structure Bill May Pass Within Months

Gate Research: Bitcoin Selling Pressure Eases Temporarily | Crypto Market Structure Bill May Pass Within Months

2026-02-10 06:23:11 UTC 11039 Read

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* Market Commentary: The $69,000–$71,000 range is the key zone where Bitcoin bulls must validate the sustainability of the rebound, while the area around $75,000 marks the first significant resistance, crowded with previously trapped positions and short-term profit-taking pressure. In the near term, price action is likely to continue oscillating within these ranges. Ethereum is gradually stabilizing at lower levels, with MACD turning bullish and price moving toward the upper Bollinger Band, signaling a clearer short-term technical recovery.
* Trending Tokens: POKT surged 28% over the past 24 hours, with strong market confidence at current levels as trading volume spiked 807%. News circulating on X intensified retail FOMO, pushing ZKP up 32.80% in 24 hours. SAFFRONFI gained over 40%, mainly driven by increased short-term trading activity and improved market sentiment.
* Alpha Insights: Glassnode’s weekly report notes that Bitcoin selling pressure has temporarily eased, but a sustained market recovery will require a revival in spot demand. A crypto market structure bill may pass within the next few months, with stablecoin yields emerging as the key point of contention. Meanwhile, Jump Trading plans to exchange liquidity provision for minority equity stakes in Kalshi and Polymarket.

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Gate Research: Bitcoin Selling Pressure Eases Temporarily | Crypto Market Structure Bill May Pass Within Months

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