π Bitcoin starts the week with a sharp drop
BTC opened the week with a nearly 5% sell-off, briefly falling below $65,000. Major cryptocurrencies followed Bitcoin lower and are trading in the red as well.
π± Market sentiment hit extremes: the Crypto Fear & Greed Index plunged to 5/100, firmly in the βExtreme Fearβ zone β one of the lowest readings on record.
π₯ According to Coinglass, around $480M in positions were liquidated over the past 24 hours, with almost half coming from Bitcoin long positions.
BTC opened the week with a nearly 5% sell-off, briefly falling below $65,000. Major cryptocurrencies followed Bitcoin lower and are trading in the red as well.
π± Market sentiment hit extremes: the Crypto Fear & Greed Index plunged to 5/100, firmly in the βExtreme Fearβ zone β one of the lowest readings on record.
π₯ According to Coinglass, around $480M in positions were liquidated over the past 24 hours, with almost half coming from Bitcoin long positions.
π₯4π2
π³ Vitalik Buterin is selling ETH
Over the past two days, Vitalik has sold over $3.67M worth of ETH, and on-chain data shows heβs still swapping ETH for stablecoins.
πSince his sales began, ETH dropped from ~$1,988 to ~$1,875, adding fuel to speculation across crypto Twitter.
So what is it?
βͺοΈ Selling ahead of a deeper drop?
βͺοΈ Or just cashing out ETH for donations and expenses, as heβs done before? π
Over the past two days, Vitalik has sold over $3.67M worth of ETH, and on-chain data shows heβs still swapping ETH for stablecoins.
πSince his sales began, ETH dropped from ~$1,988 to ~$1,875, adding fuel to speculation across crypto Twitter.
So what is it?
βͺοΈ Selling ahead of a deeper drop?
βͺοΈ Or just cashing out ETH for donations and expenses, as heβs done before? π
β€2π1π1
π Bitcoin miners under pressure
π Mining company Bitdeer sold 943 BTC, fully liquidating its Bitcoin reserves. The move highlights growing stress across the mining sector as margins shrink and post-halving economics bite harder.
With lower block rewards and rising operational costs, miners are increasingly forced to sell holdings to maintain liquidity and cover expenses. π΅
The trend suggests that even large, well-capitalized players are feeling the squeeze β adding short-term sell pressure to the market and underscoring how tough this cycle has become for miners. π€·
π Mining company Bitdeer sold 943 BTC, fully liquidating its Bitcoin reserves. The move highlights growing stress across the mining sector as margins shrink and post-halving economics bite harder.
With lower block rewards and rising operational costs, miners are increasingly forced to sell holdings to maintain liquidity and cover expenses. π΅
The trend suggests that even large, well-capitalized players are feeling the squeeze β adding short-term sell pressure to the market and underscoring how tough this cycle has become for miners. π€·
π4
π Strategy on the brink of a milestone
If Strategy buys Bitcoin again today β and Michael Saylorβs hint looks almost certain β this purchase would become the companyβs 100th BTC buy in under 6 years. π
Put into perspective:
If you spread all Strategyβs Bitcoin purchases across that time, it means ~355 BTC bought every single day, on average.
No timing the market.
Just relentless accumulation. π π
If Strategy buys Bitcoin again today β and Michael Saylorβs hint looks almost certain β this purchase would become the companyβs 100th BTC buy in under 6 years. π
Put into perspective:
If you spread all Strategyβs Bitcoin purchases across that time, it means ~355 BTC bought every single day, on average.
No timing the market.
Just relentless accumulation. π π
π7β€2
π₯Ά Bitcoin network activity keeps cooling
π According to CryptoQuant, Bitcoinβs on-chain activity has been declining for six consecutive months. The last time a similar drop was recorded was in 2024 β when BTC fell only about 30%, much less than recent moves.
That said, context matters. Historically, during prolonged price weakness, many Bitcoin holders simply go into hibernation: fewer transactions, less noise, more waiting.π΄
π According to CryptoQuant, Bitcoinβs on-chain activity has been declining for six consecutive months. The last time a similar drop was recorded was in 2024 β when BTC fell only about 30%, much less than recent moves.
That said, context matters. Historically, during prolonged price weakness, many Bitcoin holders simply go into hibernation: fewer transactions, less noise, more waiting.π΄
π5
Crypto soothsayer
π Strategy on the brink of a milestone If Strategy buys Bitcoin again today β and Michael Saylorβs hint looks almost certain β this purchase would become the companyβs 100th BTC buy in under 6 years. π Put into perspective: If you spread all Strategyβsβ¦
π Michael Saylor hits a milestone
Michael Saylor just celebrated a major anniversary: Strategy completed its 100th Bitcoin purchase! π°
β The company added 592 BTC for $39.8M at an average price of $67,286 per coin.
π Current totals:
β’ 717,722 BTC on the balance sheet
β’ $54.56B invested in total
β’ $76,020 average purchase price
Six years, a hundred buys, and still stacking. Conviction mode: ON. π
Michael Saylor just celebrated a major anniversary: Strategy completed its 100th Bitcoin purchase! π°
β The company added 592 BTC for $39.8M at an average price of $67,286 per coin.
π Current totals:
β’ 717,722 BTC on the balance sheet
β’ $54.56B invested in total
β’ $76,020 average purchase price
Six years, a hundred buys, and still stacking. Conviction mode: ON. π
π6
π Bitcoin dΓ©jΓ vu: echoes of 2022
BTC briefly dipped below $63K overnight β and the move doesnβt look finished yet. Sellers remain in control as consistent outflows from Bitcoin ETFs keep pressuring the market. π§
Adding to the heat, Strategy is now sitting on an unrealized loss of ~$9.5B, highlighting how deep the drawdown has become for even the strongest conviction holders.
For now, momentum favors the bears β and the market is starting to feel uncomfortably familiar. π‘
BTC briefly dipped below $63K overnight β and the move doesnβt look finished yet. Sellers remain in control as consistent outflows from Bitcoin ETFs keep pressuring the market. π§
Adding to the heat, Strategy is now sitting on an unrealized loss of ~$9.5B, highlighting how deep the drawdown has become for even the strongest conviction holders.
For now, momentum favors the bears β and the market is starting to feel uncomfortably familiar. π‘
π3π2
π΅οΈββοΈ Crypto community awaits a major insider trading exposΓ©
Well-known on-chain investigator ZachXBT announced he will publish a major investigation on February 26, targeting what he calls βcryptoβs most profitable businessesβ. According to him, project insiders allegedly abused non-public information for long-term insider trading. π
Speculation is already heating up. On Polymarket, the leading candidate is Meteora, currently holding ~40% probability. π€
Other names in the betting pool include Pump.fun, Axiom, Jupiter, World Liberty Financial, as well as major exchanges like Binance and MEXC.
All eyes now on February 26 β the reveal could shake the industry. π
Well-known on-chain investigator ZachXBT announced he will publish a major investigation on February 26, targeting what he calls βcryptoβs most profitable businessesβ. According to him, project insiders allegedly abused non-public information for long-term insider trading. π
Speculation is already heating up. On Polymarket, the leading candidate is Meteora, currently holding ~40% probability. π€
Other names in the betting pool include Pump.fun, Axiom, Jupiter, World Liberty Financial, as well as major exchanges like Binance and MEXC.
All eyes now on February 26 β the reveal could shake the industry. π
π1π1
π§πΉ Bhutan opens up to digital nomads
π Bhutan has launched a digital nomad visa priced at $2,800 per year, allowing foreigners to live and travel across the country for 12 months.
A key condition: applicants must also invest $10,000 into Bhutanβs sovereign financial infrastructure by purchasing TER, a new gold-backed crypto asset. π°
This marks a major shift for a country that, for decades, tightly restricted tourism with mandatory guides and daily fees of $100β250. The new visa signals Bhutanβs move toward a more open, innovation-friendly model β blending controlled openness with crypto and long-term visitors. βοΈ
π Bhutan has launched a digital nomad visa priced at $2,800 per year, allowing foreigners to live and travel across the country for 12 months.
A key condition: applicants must also invest $10,000 into Bhutanβs sovereign financial infrastructure by purchasing TER, a new gold-backed crypto asset. π°
This marks a major shift for a country that, for decades, tightly restricted tourism with mandatory guides and daily fees of $100β250. The new visa signals Bhutanβs move toward a more open, innovation-friendly model β blending controlled openness with crypto and long-term visitors. βοΈ
π3
π 26 years ago, Michael Saylor lost $6B in a single day
Back in 2000, during the dot-com bubble collapse, Michael Saylor saw his net worth shrink by roughly $6 billion in one day as tech stocks imploded. π
The takeaway? Heβs been through far worse than todayβs unrealized losses.
History suggests Saylor knows exactly what volatility feels like. π§
Back in 2000, during the dot-com bubble collapse, Michael Saylor saw his net worth shrink by roughly $6 billion in one day as tech stocks imploded. π
The takeaway? Heβs been through far worse than todayβs unrealized losses.
History suggests Saylor knows exactly what volatility feels like. π§
π«‘6π3π1
π Another anniversary, 10 years apart
Today marks 16 years since Satoshi Nakamoto introduced an updated Bitcoin logo, placing the βΏ symbol on a golden coin.
A quick throwback:
βͺοΈ2009: The very first logo featured βBCβ on a gold coin. Discussions on BitcoinTalk even led to the birth of the BTC ticker.
βͺοΈFeb 24, 2010: Satoshi refined the design, leaving only the βBβ and adding two vertical strokes. Some users worried it looked too similar to the Thai baht.
βͺοΈNov 1, 2010: An anonymous user, bitboy, finalized history β transforming Satoshiβs idea into the iconic orange βΏ logo we all know today.
From a simple gold coin to a global symbol of financial freedom β happy birthday to the Bitcoin logo π
Today marks 16 years since Satoshi Nakamoto introduced an updated Bitcoin logo, placing the βΏ symbol on a golden coin.
A quick throwback:
βͺοΈ2009: The very first logo featured βBCβ on a gold coin. Discussions on BitcoinTalk even led to the birth of the BTC ticker.
βͺοΈFeb 24, 2010: Satoshi refined the design, leaving only the βBβ and adding two vertical strokes. Some users worried it looked too similar to the Thai baht.
βͺοΈNov 1, 2010: An anonymous user, bitboy, finalized history β transforming Satoshiβs idea into the iconic orange βΏ logo we all know today.
From a simple gold coin to a global symbol of financial freedom β happy birthday to the Bitcoin logo π
π5π4β€1
π¦ Binance Releases Its 39th Proof of Reserves Report
Binance has published its latest Proof of Reserves snapshot, showing mixed dynamics across major assets:
BTC holdings: ~639,000 BTC
β +2,614 BTC (+0.41%) vs the January 1 report
ETH holdings: ~4.18M ETH
β β162,469 ETH (β3.74%)
USDT holdings: ~36.8B USDT
β β$1.16B (β3.07%)
π Takeaway: Bitcoin balances on Binance continue to grow slightly, while ETH and USDT reserves are declining, reflecting reduced stablecoin liquidity and lower ETH exposure from users. This likely mirrors broader market caution rather than platform-specific stress.
Binance has published its latest Proof of Reserves snapshot, showing mixed dynamics across major assets:
BTC holdings: ~639,000 BTC
β +2,614 BTC (+0.41%) vs the January 1 report
ETH holdings: ~4.18M ETH
β β162,469 ETH (β3.74%)
USDT holdings: ~36.8B USDT
β β$1.16B (β3.07%)
π Takeaway: Bitcoin balances on Binance continue to grow slightly, while ETH and USDT reserves are declining, reflecting reduced stablecoin liquidity and lower ETH exposure from users. This likely mirrors broader market caution rather than platform-specific stress.
π4
π Retail hands over Bitcoin to institutions
Under growing pressure, individual Bitcoin holders are gradually giving way to businesses and institutional investors. What started as a retail-driven asset is increasingly consolidating in stronger hands with longer time horizons. π΅
If institutions end up winning this race, history may look back differently: those who manage to hold their coins through todayβs volatility could be remembered as the βlegendsβ of this cycle. πͺ
π Sometimes the hardest strategy isnβt buying β itβs simply not selling.
Under growing pressure, individual Bitcoin holders are gradually giving way to businesses and institutional investors. What started as a retail-driven asset is increasingly consolidating in stronger hands with longer time horizons. π΅
If institutions end up winning this race, history may look back differently: those who manage to hold their coins through todayβs volatility could be remembered as the βlegendsβ of this cycle. πͺ
π Sometimes the hardest strategy isnβt buying β itβs simply not selling.
π5
π Strategy moves 1,300 BTC β market watching closely
π According to data from Arkham, Strategy transferred 1,300 BTC (~$83M) to new wallets.
In the past, similar on-chain moves triggered panic on Crypto Twitter, with rumors that Michael Saylor was selling Bitcoin.
This time, however, the market is staying calm β just watching very closely π
So far, thereβs no indication of coins moving to exchanges, suggesting this is likely another internal wallet reshuffle rather than a sell-off.
π According to data from Arkham, Strategy transferred 1,300 BTC (~$83M) to new wallets.
In the past, similar on-chain moves triggered panic on Crypto Twitter, with rumors that Michael Saylor was selling Bitcoin.
This time, however, the market is staying calm β just watching very closely π
So far, thereβs no indication of coins moving to exchanges, suggesting this is likely another internal wallet reshuffle rather than a sell-off.
π3π₯΄2
π Altcoins: brutal drawdowns from ATH
A snapshot of how deep the current cycle has cut into major altcoins:
β’ DOT: -97.7% ($54.84 β $1.24)
β’ AVAX: -94.3% ($145.85 β $8.28)
β’ ADA: -91.7% ($3.08 β $0.257)
β’ LTC: -87.7% ($415.06 β $50.92)
β’ LINK: -84.5% ($52.82 β $8.17)
β’ SOL: -73.9% ($293.65 β $76.54)
β’ XRP: -65.3% ($3.84 β $1.33)
β’ ETH: -63.1% ($4,948 β $1,826)
β’ BNB: -57.0% ($1,369 β $588.54)
β’ TRX: -35.3% ($0.434 β $0.281)
Cycles change, narratives die, and only a few projects historically reclaim their ATHs.
The real question: which of these are survivors, and which are just relics of the last bull run? π§
A snapshot of how deep the current cycle has cut into major altcoins:
β’ DOT: -97.7% ($54.84 β $1.24)
β’ AVAX: -94.3% ($145.85 β $8.28)
β’ ADA: -91.7% ($3.08 β $0.257)
β’ LTC: -87.7% ($415.06 β $50.92)
β’ LINK: -84.5% ($52.82 β $8.17)
β’ SOL: -73.9% ($293.65 β $76.54)
β’ XRP: -65.3% ($3.84 β $1.33)
β’ ETH: -63.1% ($4,948 β $1,826)
β’ BNB: -57.0% ($1,369 β $588.54)
β’ TRX: -35.3% ($0.434 β $0.281)
Cycles change, narratives die, and only a few projects historically reclaim their ATHs.
The real question: which of these are survivors, and which are just relics of the last bull run? π§
π5
ποΈ Record shorts on Strategy stock
π Shares of Strategy have become the most shorted security in the world, with open interest on shorts hitting record highs. Investor sentiment has ΡΠ΅Π·ΠΊΠΎ shifted as the company faces roughly $7B in unrealized losses tied to its massive Bitcoin exposure.
The market is increasingly betting against Michael Saylorβs high-conviction BTC strategy, turning MSTR into a battleground between long-term believers and aggressive short sellers. π€Ί
π High risk, high conviction β and now, historic levels of skepticism.
π Shares of Strategy have become the most shorted security in the world, with open interest on shorts hitting record highs. Investor sentiment has ΡΠ΅Π·ΠΊΠΎ shifted as the company faces roughly $7B in unrealized losses tied to its massive Bitcoin exposure.
The market is increasingly betting against Michael Saylorβs high-conviction BTC strategy, turning MSTR into a battleground between long-term believers and aggressive short sellers. π€Ί
π High risk, high conviction β and now, historic levels of skepticism.
π4
π Bitcoin sparks a relief rally β but sentiment remains fragile
Bitcoin made a strong push yesterday, nearly touching $70,000 ($69,953 for CMC), lifting the entire crypto market along with it. π
β’ Ethereum jumped ~10% in 24 hours, reclaiming the $2,000 level
β’ Several large-cap altcoins gained 10β20% in a single day
β’ Among the top-100 assets, Polkadot (DOT) led the rally with a +24% surge
πThis move instantly affected market sentiment. Even though the Crypto Fear & Greed Index is still stuck in βExtreme Fearβ at 11, global Google searches for βBuy Bitcoinβ have surged to a 5-year high, according to Google. π
Investors are clearly hoping this bounce turns into a sustained uptrend.
But historically, rising FOMO during weak market structure can be dangerous β after a short recovery, the market may still roll over and push even lower.
Relief rally or bull trap? The next moves will matter. π
Bitcoin made a strong push yesterday, nearly touching $70,000 ($69,953 for CMC), lifting the entire crypto market along with it. π
β’ Ethereum jumped ~10% in 24 hours, reclaiming the $2,000 level
β’ Several large-cap altcoins gained 10β20% in a single day
β’ Among the top-100 assets, Polkadot (DOT) led the rally with a +24% surge
πThis move instantly affected market sentiment. Even though the Crypto Fear & Greed Index is still stuck in βExtreme Fearβ at 11, global Google searches for βBuy Bitcoinβ have surged to a 5-year high, according to Google. π
Investors are clearly hoping this bounce turns into a sustained uptrend.
But historically, rising FOMO during weak market structure can be dangerous β after a short recovery, the market may still roll over and push even lower.
Relief rally or bull trap? The next moves will matter. π
π2π1
β³ The BTC dump timer brokeβ¦
π Crypto Twitter noticed a strange pattern: Bitcoin was being sold off almost every day at exactly 10:00 AM US time β month after month, starting in October 2025.
According to co-founders of Glassnode, the consistent sell pressure right before the US stock market open likely came from Jane Street. π§
Hereβs the interesting part π
As soon as a lawsuit by the bankrupt Terraform Labs against Jane Street became public, those βrandomβ daily dumps suddenly stopped.
Almost immediately after, BTC surged and nearly touched $70,000, posting an impressive daily rally. π
While the court case is ongoing, Jane Street may be forced to pause its trading strategy β which many believe was systematically unloading BTC.
Jane Streetβs official response:
βAll accusations against Jane Street are baseless and opportunistic.β
Coincidenceβ¦ or just perfect timing? π°
π Crypto Twitter noticed a strange pattern: Bitcoin was being sold off almost every day at exactly 10:00 AM US time β month after month, starting in October 2025.
According to co-founders of Glassnode, the consistent sell pressure right before the US stock market open likely came from Jane Street. π§
Hereβs the interesting part π
As soon as a lawsuit by the bankrupt Terraform Labs against Jane Street became public, those βrandomβ daily dumps suddenly stopped.
Almost immediately after, BTC surged and nearly touched $70,000, posting an impressive daily rally. π
While the court case is ongoing, Jane Street may be forced to pause its trading strategy β which many believe was systematically unloading BTC.
Jane Streetβs official response:
βAll accusations against Jane Street are baseless and opportunistic.β
Coincidenceβ¦ or just perfect timing? π°
π€2π1
π³ BTC briefly βcrashedβ on Lighter
While Bitcoin was pushing toward $70k yesterday, an odd print appeared on Lighter β BTC dipped all the way to $47,000 on the chart. π
Before panic sets in π
Nothing critical actually happened.
βοΈ A single 1,000 BTC sell order wiped through all available limit orders, causing a temporary price spike down. Liquidity was thin, the order went straight through the book, and the price quickly snapped back to normal levels.
β No mass liquidations
β No real market impact
β Just a classic low-liquidity glitch
While Bitcoin was pushing toward $70k yesterday, an odd print appeared on Lighter β BTC dipped all the way to $47,000 on the chart. π
Before panic sets in π
Nothing critical actually happened.
βοΈ A single 1,000 BTC sell order wiped through all available limit orders, causing a temporary price spike down. Liquidity was thin, the order went straight through the book, and the price quickly snapped back to normal levels.
β No mass liquidations
β No real market impact
β Just a classic low-liquidity glitch
π€2π1