Gate Research: Choppy Recovery Dominates the Tape | Cathie Wood Adds to Crypto-Linked Stocks

• Market Commentary: On Feb. 9, the crypto market entered a choppy recovery phase after a deleveraging shock, with a clear structural split: capital crowding into BTC while major altcoins remain under pressure. BTC rebounded and is consolidating around $70,000, which remains the key bull-bear pivot; ETH is locked in a tug-of-war near $2,100, with whale deleveraging and debt-repayment selling capping the bounce and potentially driving repeated tests of the $2,000 psychological level. The Fear & Greed Index rose to 14 (Extreme Fear) from yesterday, but the rebound still looks more like a technical repair than a trend reversal.
• Trending Tokens: Flows are rotating into high-beta, narrative-driven trades around AI Agents and memes. BNKR strengthened on Base-ecosystem momentum, the AI trading-agent narrative, and cross-chain expansion; PIPPIN rallied on an AI–meme hybrid narrative and strong community/social traction; PENGUIN led gains on viral event spillovers and the added liquidity access created by CEX listings.
• Alpha Insight: Vitalik argued that algorithmic stablecoins can be viewed as “true DeFi”; Cathie Wood reiterated her view that gold tends to lead and BTC follows, while staying bullish on BTC/ETH/SOL; and Tether is accelerating global diversification and governance upgrades, reinforcing signals of a shift toward a conglomerate-style model.

Discover more details today → Gate Research: Choppy Recovery Dominates the Tape | Cathie Wood Adds to Crypto-Linked Stocks

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9 Şubat 2026

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