BlockBeats News, February 6 — Against the backdrop of delayed release of key economic data and temporarily losing focus on policy guidance, market sensitivity to political events has significantly increased. On the eve of the Japanese general election, Trump publicly and prominently endorsed Sanae Takaichi, breaking the U.S. president’s usual practice of avoiding involvement in allied elections. This has led to political uncertainty being priced in as a risk factor in advance, with capital tending to preemptively reduce exposure.
The impact of this event is not limited to Japan’s electoral prospects but also symbolizes the risk of policy continuity. The direct intervention of a former U.S. president in the internal affairs of a key ally with personal influence prompts the market to reassess future U.S.-Japan relations, trade and tariff policies, and the stability of the Indo-Pacific strategy. In the absence of non-farm payroll data, political signals have become one of the few short-term directional variables that can be interpreted.
On a cross-market level, the combination of election and geopolitical risks has prompted some funds to shift to conservative positions before the weekend. Risk appetite for yen-related assets and high-volatility arbitrage trades has declined, reflecting that the market is not yet ready to re-extend risk.
Cryptocurrency markets at this stage are more like a reflection of overall risk sentiment. BTC has retreated to near the weekly demand zone, with the current price around $66,000. The key structural support below is in the range of $62,000–$60,000; to the upside, it needs to break back above $71,000–$73,000 for the market to improve its risk appetite. Until political uncertainty is digested, prices will mainly consolidate and rebalance after deleveraging.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Court Reaffirms Bitcoin’s Status as Property but Limits Tort Claims in $172M Case
A United Kingdom High Court’s recent ruling has clarified the legal status of bitcoin, stating that while it is considered property, it cannot be subjected to traditional legal claims applicable to physical goods.
The $172 Million Bitcoin Dispute
In a landmark ruling, the High Court of Justice cl
Coinpedia28m ago
BTC Falls 0.72% in 15 Minutes: On-chain Large Inflows to Exchanges Amplify Decline as Long Positions Liquidate
**March 18, 2026, 18:45-19:00 (UTC)**: BTC recorded a -0.72% return rate within 15 minutes, with price fluctuating between 70,946.6 and 71,615.2 USDT, reaching an amplitude of 0.93%. Market attention increased during this period with active trading volume. Short-term selling pressure dominated the market, causing significant short-term volatility.
The primary driver of this price movement was the concentration of large on-chain BTC inflows into mainstream exchanges. Two large transfers totaling 2,150 BTC were detected flowing into exchanges during the 18:45-19:00 period, and
GateNews41m ago
Bitcoin Hits $69K Triggering $192M Liquidations As Traders Eye Next Move
_Bitcoin moved to $69K liquidated $103M in short positions within a $192M total market wipeout._
_Key liquidity clusters now sit between $66K–$69K and $71K–$74K creating a balanced market setup._
_Traders monitor whether BTC holds above $69K or targets lower liquidity near $66K._
Bitcoi
LiveBTCNews57m ago
