Shares for mining companies IREN and CleanSpark sank on February 5 as they fell short of expectations after Bitcoin’s massive slide below $65K.
With Bitcoin news limited to bearish projections, DeepSnitch AI, and other presale projects present valuable opportunities as their tokens aren’t subject to volatility.
DeepSnitch AI alone extended its prior bullish performance, raising $1.50M amid the market crash. Along with next-level utility centered on providing retail traders with analytics, many community members believe that DeepSnitch AI represents a clear 100x play.
What you'll learn 👉
BTC volatility reaches a boiling point
IREN and CleanSpark shares tanked on February 5 after earnings missed Wall Street estimates, with Bitcoin news pushing traders into risk-off mode.
CleanSpark (CLSK) bled the most, closing down 19.13% and dropping another 8.6% after-hours to $7.55. Its Q4 revenue hit $181.20 million, falling short of analyst expectations of $186.66 million by 2.9%.
Moreover, the Bitcoin market recap deepened the fear as institutional flows suffered a sharp decline. Spot Bitcoin ETFs recorded $545M outflows that day, flipping weekly flows negative ($255M net outflows) and pushing YTD net redemptions to $1.8B despite $3.5B inflows. Total AUM sat at $93.5B.
The broader crypto market cap is down 20% YTD from $3T to $2.5T, as bearish sentiment continues to dominate.
Poor performance across most major digital assets inspired many traders to pivot into early-stage presales that aren’t as exposed to short-term price swings.
What crypto to buy?
- DeepSnitch AI: Why choose DSNT?
With Bitcoin news projecting more BTC volatility and lower lows, the fear is shaking up even the largest bulls. However, you don’t need to handle that pressure as you can simply explore presale projects.
DeepSnitch AI is like a nifty hedge against short-term volatility. In fact, $1.50M raised at $0.03830 is a testament to high conviction and potential value.
The star of the show is the retail-centric AI platform powered by five AI agents. Designed to provide an edge to regular traders, the platform can handle risk scoring, perform contract audits, and even predict social sentiment shifts and FUD.
Because it’s an AI project through and through, DeepSnitch AI features an LLM interface that allows you to just paste any CA and receive an instant assessment of both token risks and its overall potential.
Since there’s a high demand for such a solution, the community sees the DeepSnitch AI suite (and the DSNT) token reaching mass adoption. More importantly, early-participants see a clear path to 100x gains post-launch.
http://www.youtube.com/watch?v=S9T_0z_VszI
- Dogecoin: Are memes dead?
According to CoinMarketCap, DOGE declined to $0.09 on February 6.
Because Bitcoin news continues pumping up the chop, DOGE is one of the coins that’s heavily affected by the downturn. Still, the price is compressing in a falling wedge pattern that might actually point to a breakout if the support stays intact.
If $0.09 holds and DOGE breaks the wedge’s upper trendline, the measured move could target $0.20 first, then $0.30.
It’s worth noting that despite a bullish technical setup, DOGE is a large-cap asset that would require massive volumes to pull even a 10x pump.
- Pi Coin: Is PI staging a recovery?
PI Coin reached $0.14 on February 6, according to CoinMarketCap.
Despite poor performance, PI is nearing a key demand zone that could balance expanding supply, meaning that the recent downside looks like a full retest, not a breakdown.
RSI has breached the 30 oversold line, meaning that sellers are exhausted, which could usher in a recovery. This is supported by MACD tightening toward a golden cross above the signal.
Holding the current levels could reverse the trend, with $0.20 turning into a first hurdle. If flipped into support, PI could eventually surge to $0.65.
Yet, continued bearish Bitcoin news could also discourage buyers from entering PI as presales often take the spotlight amid volatility.
Final words: Switch to a smart play
DeepSnitch AI presale is hitting it big as the Bitcoin news continues spreading panic.
The AI trading suite alone will prove to be useful if the bear market hits, and the 100x projections (if they play out) could set you up for even the longest of crypto winters.
Better yet, you can juice up your entry by using the latest exclusive codes. To max smaller bags, DSNTVIP50 gives 50% extra on $5K+ investments. If you’re embarking on your whale arc, DSNTVIP300 unlocks 300% extra on $30K+, adding roughly $90K in tokens at current pricing.
Switch to a smart play with the DeepSnitch AI presale. Follow X or Telegram for the latest buzz.
FAQs
- What are the key updates in Bitcoin news today?
Bitcoin fell below $65K, pushing mining stocks like IREN and CleanSpark sharply lower after missing earnings estimates. Spot BTC ETFs recorded $545M outflows, flipping weekly flows negative at $255M net outflows and YTD redemptions to $1.8B.
- Why are investors turning to DeepSnitch AI during the Bitcoin downturn?
DeepSnitch AI raised $1.50M at $0.03830 despite the market crash, offering five AI agents for real-time contract audits, risk scoring, scam detection, breakout spotting, and sentiment/FUD prediction.
- How did mining stocks and Bitcoin ETFs perform recently?
CleanSpark (CLSK) dropped 19.13% to $7.55 after Q4 revenue missed expectations. Spot Bitcoin ETFs saw $545M daily outflows, contributing to $255M weekly net outflows and $1.8B YTD redemptions, with total AUM at $93.5B.
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