Crypto Assets Enter Accumulation Zone as Market Pullback Deepens As of 2nd February
The post Crypto Assets Enter Accumulation Zone as Market Pullback Deepens As of 2nd February appeared on BitcoinEthereumNews.com.
According to a new crypto report released by Phoenix Group on February 2, 2026, several large assets have entered what the analysts call an accumulation zone. The chart has identified a cluster of tokens that are registering significant losses in price per week with an increased trading volume, which is normally linked to long-term positioning by the larger market players. TOP ASSETS IN THE ACCUMULATION ZONE$RENDER $FIL $BONK $DASH $IP $STX $CRV $DCR $FLOKI $KAIA pic.twitter.com/7KoyCWN3ad — PHOENIX – Crypto News & Analytics (@pnxgrp) February 2, 2026 The accumulation phase is usually observed when sales pressure decelerates, prices stabilize, and volume rises and carries the implication that consumers might be purchasing the supply in times of market weakness. Render and Filecoin Lead by Crypto Market Capitalization The biggest listed asset in terms of market capital is currently Render (RENDER) with a market capital of about $790.0 million. During the last seven days, RENDER has fallen by 20.40 percent and it is well inside the accumulation range. Filecoin (FIL) comes next with a market capitalization of $772.2 million and a weekly decline of 17.55 percent, indicating that the trend of volatility remains high in decentralized storage crypto tokens. Both crypto assets are under close monitoring as they have a good infrastructure story and have steady on-chain activity. Bonk, Dash, and Story See Steep Weekly Corrections Among the more notable meme-based assets, Bonk (BONK) has a market cap of $616.8 million, having decreased by 18.27 percent in the last seven days. Dash (DASH) fell by a more pronounced 25.38 per cent, taking its market capitalization to $548.5 million because the privacy-oriented assets have now been subjected to fresh selling pressure. Story (IP) had the highest weekly loss of the larger-cap crypto assets, which fell 36.91 percent to a market cap of $491.0…
Filed under: News - @ February 3, 2026 3:28 am