📊 CryptoQuant: Spot demand for BTC is waking up
For the first time since late November 2025, Bitcoin demand on the spot market has started to increase.
This suggests:
• Buyers are slowly returning after months of weak demand
• Selling pressure on spot exchanges may be easing
• The market could be transitioning from pure distribution to early accumulation
It’s not a full trend reversal yet — but historically, rising spot demand is one of the first signals that the worst phase of a correction may be behind us 👀
Early shift or just a pause? The next weeks will tell.
For the first time since late November 2025, Bitcoin demand on the spot market has started to increase.
This suggests:
• Buyers are slowly returning after months of weak demand
• Selling pressure on spot exchanges may be easing
• The market could be transitioning from pure distribution to early accumulation
It’s not a full trend reversal yet — but historically, rising spot demand is one of the first signals that the worst phase of a correction may be behind us 👀
Early shift or just a pause? The next weeks will tell.
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🐻 76% expect BTC to drop below $60k
🕵️♂️ Bitcoin analyst PlanB ran a poll on where the market bottom might be — and the majority is clearly bearish:
• $60k — 23.9%
• $50k — 32.3%
• $40k — 23.0%
• $30k — 20.8%
In total, 76% expect Bitcoin to fall below $60k, so the risk of deeper downside is real.
However, after yesterday’s sharp rally, many traders may have already believed in a new bull run — and some likely bought BTC near $70k using leverage.
That’s how markets usually trap late optimism: strong bounce, bullish hope… and then reality checks. 👀
🕵️♂️ Bitcoin analyst PlanB ran a poll on where the market bottom might be — and the majority is clearly bearish:
• $60k — 23.9%
• $50k — 32.3%
• $40k — 23.0%
• $30k — 20.8%
In total, 76% expect Bitcoin to fall below $60k, so the risk of deeper downside is real.
However, after yesterday’s sharp rally, many traders may have already believed in a new bull run — and some likely bought BTC near $70k using leverage.
That’s how markets usually trap late optimism: strong bounce, bullish hope… and then reality checks. 👀
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🧨 ETHZilla’s Ethereum treasury experiment has failed
The company that once aimed to become a “public proxy for Ethereum” has officially abandoned its ETH treasury strategy and announced a full rebrand.
What changed:
• ETHZilla rebrands to Forum Markets
• New Nasdaq ticker: FRMM
• ETH treasury model scrapped
• New focus: real-world asset tokenization (RWA)
Back in August 2025, ETHZilla shares spiked to $107 after announcing a $425M Ethereum treasury, positioning itself as an ETH play for public markets.
Since then, the stock has collapsed by ~96% from its peak. 📉
The takeaway: The “crypto-on-the-balance-sheet” narrative isn’t guaranteed to work outside of Bitcoin — especially for Ethereum. Now ETHZilla is pivoting to a more traditional Web3 narrative:tokenizing real-world assets.
Another reminder that markets don’t buy stories forever 🤷
The company that once aimed to become a “public proxy for Ethereum” has officially abandoned its ETH treasury strategy and announced a full rebrand.
What changed:
• ETHZilla rebrands to Forum Markets
• New Nasdaq ticker: FRMM
• ETH treasury model scrapped
• New focus: real-world asset tokenization (RWA)
Back in August 2025, ETHZilla shares spiked to $107 after announcing a $425M Ethereum treasury, positioning itself as an ETH play for public markets.
Since then, the stock has collapsed by ~96% from its peak. 📉
The takeaway: The “crypto-on-the-balance-sheet” narrative isn’t guaranteed to work outside of Bitcoin — especially for Ethereum. Now ETHZilla is pivoting to a more traditional Web3 narrative:tokenizing real-world assets.
Another reminder that markets don’t buy stories forever 🤷
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Crypto soothsayer
⏳ The BTC dump timer broke… 🔎 Crypto Twitter noticed a strange pattern: Bitcoin was being sold off almost every day at exactly 10:00 AM US time — month after month, starting in October 2025. According to co-founders of Glassnode, the consistent sell pressure…
😯 Crypto Twitter is buzzing over a “secret strategy” linked to Jane Street
According to rumors circulating online, the strategy supposedly works like this:
• Accumulate BTC on the spot market
• Open large SHORT positions via derivatives
• Use algorithms to dump BTC, pushing the price down
• Lock in profits on shorts
• Buy spot BTC back at lower prices
• Repeat the cycle
Crypto Twitter claims this approach allowed the fund to make $10B in just 3 months in 2025. 🙀
Adding fuel to the speculation, some users say a similar algorithm was allegedly used in the Indian market, where regulators temporarily restricted the firm’s activity and part of the funds reportedly remain in escrow.
So far, these claims remain unverified, but the narrative has quickly become a popular explanation for sharp BTC sell-offs 👀.
According to rumors circulating online, the strategy supposedly works like this:
• Accumulate BTC on the spot market
• Open large SHORT positions via derivatives
• Use algorithms to dump BTC, pushing the price down
• Lock in profits on shorts
• Buy spot BTC back at lower prices
• Repeat the cycle
Crypto Twitter claims this approach allowed the fund to make $10B in just 3 months in 2025. 🙀
Adding fuel to the speculation, some users say a similar algorithm was allegedly used in the Indian market, where regulators temporarily restricted the firm’s activity and part of the funds reportedly remain in escrow.
So far, these claims remain unverified, but the narrative has quickly become a popular explanation for sharp BTC sell-offs 👀.
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Crypto soothsayer
🕵️♂️ Crypto community awaits a major insider trading exposé Well-known on-chain investigator ZachXBT announced he will publish a major investigation on February 26, targeting what he calls “crypto’s most profitable businesses”. According to him, project…
🧐 ZachXBT reports insider trading at Axiom
🔎 ZachXBT claims that several employees of Axiom, a non-custodial onchain trading terminal on Solana, abused internal access to profit from user data.
Key allegations:
• Since early 2025, a senior BD manager (Broox) allegedly leaked private user data from internal dashboards, including wallet addresses and registration details.
• Employees reportedly maintained Google Sheets with KOL wallet lists to monitor and trade against them.
• Another staff member (Ryan/Ryucio) is suspected of querying users through internal systems on behalf of third parties.
• In February 2026, a recorded call allegedly captured Broox explaining how to make ~$200k for a newly hired moderator by abusing internal platform access.
The case reignites concerns around data security, internal controls, and insider trading risks in onchain trading platforms.
🔎 ZachXBT claims that several employees of Axiom, a non-custodial onchain trading terminal on Solana, abused internal access to profit from user data.
Key allegations:
• Since early 2025, a senior BD manager (Broox) allegedly leaked private user data from internal dashboards, including wallet addresses and registration details.
• Employees reportedly maintained Google Sheets with KOL wallet lists to monitor and trade against them.
• Another staff member (Ryan/Ryucio) is suspected of querying users through internal systems on behalf of third parties.
• In February 2026, a recorded call allegedly captured Broox explaining how to make ~$200k for a newly hired moderator by abusing internal platform access.
The case reignites concerns around data security, internal controls, and insider trading risks in onchain trading platforms.
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🛍 How much BTC should be in your portfolio? Wall Street has an answer
Six of the largest global banks and asset managers broadly agree on one thing:
Bitcoin allocation should not exceed ~5% of a portfolio. 💼
Why so conservative?
• BTC is still classified as a high-risk asset
• Extreme volatility increases drawdown risk
• Institutions prioritize capital preservation over outsized upside
In their view, Bitcoin works best as a small asymmetric bet — enough to benefit if it wins big, but not enough to sink the portfolio if volatility hits.
Of course, retail investors often play by very different rules 😉
But it’s useful to remember how traditional finance thinks about risk.
Six of the largest global banks and asset managers broadly agree on one thing:
Bitcoin allocation should not exceed ~5% of a portfolio. 💼
Why so conservative?
• BTC is still classified as a high-risk asset
• Extreme volatility increases drawdown risk
• Institutions prioritize capital preservation over outsized upside
In their view, Bitcoin works best as a small asymmetric bet — enough to benefit if it wins big, but not enough to sink the portfolio if volatility hits.
Of course, retail investors often play by very different rules 😉
But it’s useful to remember how traditional finance thinks about risk.
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Crypto soothsayer
😯 Crypto Twitter is buzzing over a “secret strategy” linked to Jane Street According to rumors circulating online, the strategy supposedly works like this: • Accumulate BTC on the spot market • Open large SHORT positions via derivatives • Use algorithms…
🔍 Suspicious move from Jane Street
Crypto Twitter noticed a strange detail: all posts have been wiped from Jane Street’s official X (Twitter) account. 🧨
No explanations, no statements — just a completely clean profile. 🤔
Given the recent rumors and discussions around Jane Street’s trading activity in crypto markets, the timing looks… interesting 👀
Whether this is routine housekeeping, legal caution, or something more, the move is raising eyebrows across the community.
Silence sometimes speaks louder than words.
Crypto Twitter noticed a strange detail: all posts have been wiped from Jane Street’s official X (Twitter) account. 🧨
No explanations, no statements — just a completely clean profile. 🤔
Given the recent rumors and discussions around Jane Street’s trading activity in crypto markets, the timing looks… interesting 👀
Whether this is routine housekeeping, legal caution, or something more, the move is raising eyebrows across the community.
Silence sometimes speaks louder than words.
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📊 In January, on-chain stablecoin transfers exceeded $10.5 trillion, the highest level since April 2022
• USDC dominated activity with $8.3T in volume, reinforcing the growing role of Circle’s flagship stablecoin (issuer: Circle).
• USDT followed with $1.7T in transfers.
• DAI ranked third at $138B.
Momentum remains strong: even before February ended, stablecoin transaction volume had already reached $7.8T. 💵
This surge highlights rising on-chain liquidity and growing reliance on stablecoins for trading, settlement, and capital movement — even amid broader market uncertainty. 🧐
• USDC dominated activity with $8.3T in volume, reinforcing the growing role of Circle’s flagship stablecoin (issuer: Circle).
• USDT followed with $1.7T in transfers.
• DAI ranked third at $138B.
Momentum remains strong: even before February ended, stablecoin transaction volume had already reached $7.8T. 💵
This surge highlights rising on-chain liquidity and growing reliance on stablecoins for trading, settlement, and capital movement — even amid broader market uncertainty. 🧐
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🐳 Santiment: Whale accumulation is accelerating
According to Santiment, the number of wallets holding 100+ BTC is about to cross 20,000, a level often associated with accumulation phases.
📈 A wallet with 100 BTC is worth at least $6.8M, meaning these addresses mostly belong to high-net-worth individuals, funds, institutions, or long-term holders.
🐃 Importantly, this growth is happening during a price decline, which is historically considered a bullish signal.
According to Santiment, the number of wallets holding 100+ BTC is about to cross 20,000, a level often associated with accumulation phases.
📈 A wallet with 100 BTC is worth at least $6.8M, meaning these addresses mostly belong to high-net-worth individuals, funds, institutions, or long-term holders.
🐃 Importantly, this growth is happening during a price decline, which is historically considered a bullish signal.
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📝 MARA reports a $1.7B loss — but the market cheers
🛠 The largest public US Bitcoin miner, MARA Holdings, posted a $1.7B loss in Q4 2025, a sharp reversal from a $528M profit a year earlier.
The hit came mainly from:
• Revaluation of its Bitcoin reserves amid falling prices
• Hashrate rising to 66.4 EH/s, while actual BTC production declined
• Power costs per BTC jumping to $48,611, squeezing margins even further
⚡️ Despite the weak mining fundamentals, MARA’s stock jumped +15% after the company announced a joint AI infrastructure project with Starwood Capital Group. The partnership aims to build data centers with capacity of up to 2.5 GW.
📌 Takeaway: mining profitability is under pressure, but the market is now valuing MARA more as an AI + data center play than a pure Bitcoin miner.
🛠 The largest public US Bitcoin miner, MARA Holdings, posted a $1.7B loss in Q4 2025, a sharp reversal from a $528M profit a year earlier.
The hit came mainly from:
• Revaluation of its Bitcoin reserves amid falling prices
• Hashrate rising to 66.4 EH/s, while actual BTC production declined
• Power costs per BTC jumping to $48,611, squeezing margins even further
⚡️ Despite the weak mining fundamentals, MARA’s stock jumped +15% after the company announced a joint AI infrastructure project with Starwood Capital Group. The partnership aims to build data centers with capacity of up to 2.5 GW.
📌 Takeaway: mining profitability is under pressure, but the market is now valuing MARA more as an AI + data center play than a pure Bitcoin miner.
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