⚡ MARKET RECAP → The S&P 500 (VOO) fell for its third day in the red (and turned negative for 2026) as investors sold tech stocks and bitcoin (BTC).

📉 BITCOIN’S $70K REALITY CHECK → Bitcoin’s drop back through $70,000 — with billions in leverage getting flushed and macro turning hostile — looks less like a random wobble and more like a full reset of expectations, where only true believers and disciplined ETF buyers stick around while late-cycle tourists head for the exits.

🧠 CLAUDE’S VIBE WORKING MOMENT → Anthropic’s Claude Opus 4.6 pushes beyond chat into “vibe working,” with agentic AI quietly handling coding, research and financial analysis across existing tools — a win for Anthropic and its cloud partners, and a fresh headache for software and data incumbents suddenly wondering if their apps are about to become glorified front-ends.

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For the week beginning February 2, 2026

💥 Bitcoin (BTC) just lost its “7-handle.” The world’s largest crypto briefly broke below $70,000 for the first time in about 15 months, sliding into the mid-$60Ks after an 8–11% single-day drop and more than 40% drawdown from its October peak above $125,000. The move wipes out the entire post–Trump re-election rally and puts Bitcoin back below its late-2024 levels.

🧨 This isn’t one headline, it’s a liquidation stew. A wave of forced selling has knocked out over $3 billion in leveraged positions in roughly a week, as margin calls and stop-losses cascade through futures and perp markets. At the same time, worries about tighter liquidity after the Kevin Warsh Fed nomination and a broader tech/AI risk-off are pushing institutions to de-risk their flashiest trades.

📊 What it means if you’re not a degen. Price is now probing a key psychological and technical zone, with many traders eyeing the $60K–$65K band as the next “line in the sand.” Long-only money is still nibbling via spot bitcoin ETFs, but new “tourist” investors are capitulating — so your decision set is basically: size small, expect violent bounces, and remember that bitcoin stores volatility at least as well as it stores value.

🤖 Anthropic just turned Claude from chatbot into “vibe worker.” The new Claude Opus 4.6 is a big upgrade on Opus 4.5, designed to quietly chew through long, complex work: coding, research, spreadsheets, financial analysis, and slide decks. It plans more carefully, runs multi-step tasks for longer, and can handle prompts up to a million tokens while coordinating “agent teams” that divide and conquer work in the background.

💼 The pitch: ambient AI that sits on top of the software stack, not just next to it. Anthropic execs frame this as “vibe working” — Claude running in the background across tools like Claude Code and Cowork to operate Excel, PowerPoint, browsers and internal systems like a tireless junior analyst. That positioning helps explain why financial data, legal and workflow software stocks have wobbled twice in a week on Anthropic news alone: investors are gaming out what happens when AI can do the high-value button-clicking inside those apps.

📉 For investors, this is both a moat and a migraine. Anthropic — already backed by Amazon and Alphabet — is pushing deeper into enterprise with a model explicitly tuned for knowledge work just as it gears up for a potential IPO in the ~$300–350 billion valuation range. That’s bullish for AI infra names and cloud partners feeding Claude’s compute habit, but it reinforces the bear case that some traditional software and data vendors become “skins” on top of increasingly capable AI, not the main event.

Amazon’s push to make AI cheaper — and why it matters to reigniting the stock (CNBC)

Paul Weiss Chairman Brad Karp resigns after Jeffrey Epstein email disclosures (CNBC)

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