Gate Research Institute: ZEUS Surges 89% Against the Market | Strategy Suffers a $12.4 Billion Loss in Q4

Cryptocurrency Asset Overview

BTC (-11.70% | Current Price $64,437)

BTC experienced a rapid volume-driven decline over the past 24 hours, with the price briefly dropping to around $59,980 before showing clear signs of stabilization, followed by a corrective rebound. It has now recovered above $64,000 and is oscillating. Overall, the first half was dominated by panic selling, while the latter half gradually entered a phase of emotional recovery, though a clear reversal pattern has not yet formed. Technically, the intraday rebound has brought the price back near short-term moving averages, with MA5 and MA10 showing signs of flattening, but MA30 remains clearly downward, and the price is still under the medium-term moving average pressure, indicating that the current move is more of a technical rebound after a decline. During the decline, volume significantly increased, indicating panic liquidation, while during the rebound, volume has contracted, showing that funds are mainly testing the market with tentative replenishment. In the next 24 hours, focus on the resistance zone around $65,500–$66,000. A volume breakout and stabilization above this level could extend the rebound toward $67,500; if volume is insufficient or the rally faces resistance, the price may fall back to the $62,500–$61,800 support zone for confirmation. Overall, the short-term window is in a recovery phase, but the trend remains weak, so it’s safer to approach with a rebound strategy.

ETH (-11.94% | Current Price $1,910)

ETH dropped sharply along with the broader market over the past 24 hours, briefly touching around $1,745 before showing a notable rebound. Currently, the price is trading in the $1,900–$1,920 range. From a rhythm perspective, ETH’s decline was steep, with obvious short-term oversold features. The current rebound is mainly driven by emotional recovery and technical correction. Technically, the price temporarily moved above MA5 and MA10, but MA30 remains downward, exerting continuous resistance, and the overall structure has not yet broken out of the downtrend channel. Volume was concentrated at the end of the decline, and during the rebound, volume was relatively mild, indicating that bulls have not yet formed a sustained offensive. In the next 24 hours, watch the $1,950–$2,000 zone, which coincides with previous consolidation levels and moving average resistance. A volume breakout here could extend the rebound toward around $2,080. If the rebound is weak, the price may retest $1,850 or even revisit the $1,780–$1,750 support zone. Overall, ETH remains in a weak rebound phase, more suitable for short-term trading, avoiding emotional chasing.

GT (-11.85% | Current Price 6.74 USDT)

GT continued its weak decline over the past 24 hours, forming a temporary low near $6.23. A technical rebound followed, and it is now oscillating around $6.7. From a structural perspective, GT experienced a deep decline earlier, and this is a typical oversold correction, with no substantial trend reversal yet. Technically, the price has just returned to around MA5 and MA10 but remains clearly below MA30, maintaining a medium-term bearish structure. Short-term moving averages are beginning to converge; if they continue to rise, it could support a further rebound. Volume during the decline was significantly higher, while during the rebound, volume has been weaker, indicating limited capital participation. In the next 24 hours, focus on the resistance zone of $6.90–$7.10. A successful breakout could extend the rebound toward about $7.50. Support is around $6.40–$6.30; if broken, the price may retest previous lows. Overall, GT remains in a weak rebound cycle, suitable for light positions with strict risk control.

Daily Gainers and Losers

The overall market today shows a clear downward trend, with major tokens under pressure. Market sentiment is cautious or even panicked, with risk assets experiencing concentrated sell-offs. BTC and ETH each declined about 11%, exerting a significant negative impact on market sentiment. Mainstream coins like BNB, XRP, SOL also declined simultaneously, with drops mainly in the 10%–16% range, indicating continued capital outflow from high-market-cap assets. In contrast, stablecoins performed relatively well, with USDT and USDC maintaining small gains or sideways movement, highlighting their safe-haven attributes. Most small- and mid-cap tokens continued weak, with widespread declines; only a few tokens showed brief rebounds, but with limited sustainability. Overall, today’s market remains in a phase of emotional clearing and risk release, with capital flow significantly shrinking. In the short term, attention should be paid to whether panic sentiment further spreads or gradually stabilizes.

ZEUS Zeus Network (+89.29%, Circulating Market Cap $10.93 million)

According to Gate data, ZEUS is currently priced at $0.013417, up 89.29% in 24 hours. ZEUS is a token related to the Zeus Network ecosystem, dedicated to building cross-chain and modular network infrastructure, aiming to enhance asset and data interoperability across different blockchains.

In the past 24 hours, ZEUS’s sharp increase occurred amid a generally declining market, representing a typical contrarian capital play. Structurally, ZEUS has a small circulating market cap and low price base, making it more susceptible to short-term capital surges in a weak market environment. As trading volume rapidly increased, the price accelerated upward, but the overall rise is mainly driven by capital and sentiment rather than fundamental changes. Under current high volatility, the price is highly sensitive to capital inflows and outflows, and its sustainability will depend on subsequent capital support.

C98 Coin98 (+34.19%, Circulating Market Cap $30.47 million)

According to Gate data, C98 is currently priced at $0.03179, up 34.19% in 24 hours. C98 is the core token of the Coin98 ecosystem, positioned as a multi-chain wallet and DeFi aggregator, providing users with asset management, cross-chain interaction, and DeFi services.

C98’s recent 24-hour rise also occurred amid a generally pressured market. From a capital flow perspective, this rally is not due to a broad market risk appetite recovery but rather structural capital rotation. As major coins weaken, some funds are flowing into relatively well-known tokens with moderate circulating market caps for short-term trading. The increased trading activity of C98 supports its price, but it remains a rebound within a weak market, with sustainability to be observed.

SKR Seeker (+24.69%, Circulating Market Cap $123 million)

According to Gate data, SKR is currently priced at $0.021790, up 24.69% in 24 hours. SKR is the native token of the Seeker platform, focused on decentralized information discovery and incentivization networks, connecting content contributors and users through token mechanisms to improve participation efficiency and data value flow.

In the past 24 hours, SKR’s rise occurred against a backdrop of a generally weakening market, representing a clear contrarian move. Structurally, this increase is not driven by an improved overall trend but by short-term capital seeking high elasticity assets in a weak market environment. With a moderate circulating market cap and low price base, SKR can rapidly surge when capital flows in. Increased trading activity further amplifies price volatility, but overall, the performance remains driven by sentiment and capital, with ongoing sustainability depending on future capital support.

Market Highlights

Crypto ETF Continues Net Outflows, Capital Risk Appetite Significantly Declines

Recent data shows that the overall crypto ETF market continues to experience net capital outflows. The current daily net outflow is approximately $327 million, with Bitcoin ETFs losing about $259 million and Ethereum ETFs about $72.3 million, being the main directions of capital withdrawal. In contrast, Solana and XRP-related ETFs saw small net inflows of about $2.9 million and $0.775 million respectively, but their scale is limited and unlikely to significantly improve overall capital flow.

Looking at medium-term performance, over the past week, month, and quarter, crypto ETFs have shown clear net outflows, with over $3.3 billion withdrawn in the past month alone and about $6.37 billion over the last quarter. Although the total assets under management (AUM) of crypto ETFs remain high at around $170.4 billion, persistent capital outflows indicate a significant cooling of institutional risk appetite. In this context, the market remains defensive in the short term, with mainstream assets under pressure, and capital tending to be cautious or engaged in structural, small-scale allocations.

Bitcoin’s Sharp Drop Drags Performance, Strategy Suffers $12.4 Billion Q4 Loss

Due to a significant decline in Bitcoin’s price, the flagship strategy company Strategy (MSTR) reported a net loss of $12.4 billion in Q4 2025. Data shows that in the last three months of 2025, Bitcoin’s price fell from around $120,000 to about $89,000, severely impacting the company’s book value. Recently, Bitcoin’s price further deteriorated, briefly dropping to $64,000, intensifying market concerns over asset volatility.

On the day of the earnings release, Strategy’s stock closed down 17%, marking a large single-day decline in recent years, with a slight rebound in after-hours trading. Currently, Strategy remains the largest publicly listed company holding Bitcoin, with a total of 713,502 BTC purchased at an average cost of about $76,052. The company states that as of year-end, it still holds approximately $2.25 billion in cash, sufficient to cover about 2.5 years of dividends and debt interest payments. The market will focus on the upcoming earnings call to understand management’s strategic plans amid extreme volatility.

Tether Invests $150 Million in Gold.com to Accelerate Tokenized Gold Expansion

Stablecoin issuer Tether announced it has invested $150 million to acquire a 12% stake in Gold.com (GOLD), aiming to expand its issuance and distribution channels for the gold-backed token XAUT. The deal was disclosed via official blog on Thursday. Gold.com is a platform offering physical gold and tokenized gold trading, and the partnership aims to promote the global availability of tokenized gold and enable users to purchase physical gold bars directly with Tether’s stablecoins.

This investment comes amid a strong gold price environment, with the tokenized gold market surpassing $5 billion in size, reflecting increased investor demand for safe-haven assets during macroeconomic uncertainty. Tether stated it will deeply integrate XAUT into Gold.com’s infrastructure, further strengthening its position in the tokenization of real-world assets.
References:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Coinglass, https://www.coinglass.com/etf
• Coindesk, https://www.coindesk.com/markets/2026/02/05/strategy-posts-q4-loss-of-usd12-4-billion-on-tumbling-bitcoin-price
• Coindesk, https://www.coindesk.com/business/2026/02/05/tether-buys-usd150-million-stake-in-gold-com-to-boost-tokenized-gold-distribution

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