On February 10th, Bitcoin and the US stock market rebounded, and ETH prices recovered to $2,100, but short-term trends remain cautious. The derivatives market shows traders have insufficient risk appetite, and the annualized supply growth of ETH is increasing. Although ETH leads in TVL and fee income, slowing on-chain activity impacts deflation, and Layer 2 security issues still exist, resulting in an overall weak risk appetite.
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On February 10th, Bitcoin and the US stock market rebounded, and ETH prices recovered to $2,100, but short-term trends remain cautious. The derivatives market shows traders have insufficient risk appetite, and the annualized supply growth of ETH is increasing. Although ETH leads in TVL and fee income, slowing on-chain activity impacts deflation, and Layer 2 security issues still exist, resulting in an overall weak risk appetite.