📢 Gate Square Daily Report | February 6

1️⃣ Market Sentiment: Crypto market panic intensifies, fear index drops to 9
2️⃣ Price Fluctuations: Bitcoin approaches $60,000, potentially the largest single-day drop since the FTX incident
3️⃣ Market Controversy: The narrative of BTC "21 million cap" is questioned, ETF and futures may create "synthetic supply" shocks
4️⃣ Industry Perspective: Wintermute CEO states that the public chain debate is a false proposition, and the crypto industry is losing its way
5️⃣ Institutional Analysis: JPMorgan predicts Bitcoin's long-term target could reach $266,000, with increased attractiveness compared to gold