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PANews, February 9 – Bloomberg macro strategist Mike McGlone analyzed that the next potential major trading opportunity is U.S. Treasury bonds. He stated: "The next potential major trading opportunity—if the pump-and-dump pattern of bitcoin, gold, and silver can serve as a reference—may be that by 2026, volatility in the stock and bond markets will have only one direction, which is a deflationary tendency. My analysis indicates that the prices of gold, silver, and copper may reach crypto-like peaks in 2025, which could make U.S. Treasury bonds the next major trading opportunity—especially if the stock market eventually returns to normal."

According to Odaily, Bitcoin has recently experienced a sharp sell-off, retreating more than 50% from its historical high of approximately $126,200 in October 2025. Analysts believe that three major structural factors have amplified this round of decline: 1. Some opinions suggest that Asian capital may have triggered this round of sell-off by borrowing low-cost yen and establishing highly leveraged long positions in Bitcoin ETF-related options and crypto assets. When Bitcoin stopped rising and financing costs increased, this triggered margin calls and passive selling, exacerbating the market downturn; 2. Some banks may have been forced to sell assets due to risk hedging of Bitcoin structured products, creating a "negative Gamma" effect and amplifying the downward momentum; 3. Some mining companies are shifting to AI data center businesses while selling Bitcoin assets, leading to structural changes in the Bitcoin mining industry. (Cointelegraph)

According to Odaily, Metalpha Technology Holding Limited, a Nasdaq-listed provider of blockchain and trading technology solutions, announced that its board of directors has approved a bitcoin purchase plan, allocating up to 20% of the company's annual net profit for bitcoin purchases. It is reported that the initial allocation of $3.2 million has been made, and a $1 million BTC purchase was completed on February 9.