By James van Straten (all times one, unless otherwise indicated) two conflicting philosophies jump in mind when considering Bitcoin’s (BTC) price action too late.
Do you buy when there is blood on the streets “? Or maybe” not catching a falling knife. “?
Which applies in today’s market, the day after the largest cryptocurrency released its steepest three-day decline since the collapse of FTX in 2022? The drip left BTC 25% under January’s all the time despite President Donald Trump’s pro-crrypto administration.
It’s no surprise that the biggest hack in crypto history has shaken investor mood. In addition, the MEMECOIN madness that pulled liquidity out of the wider market.
That said, in previous cycles, so-called Bull-Market’s corrections have sent Bitcoin tumbling as much as 35%. Given that BTC has not had a meaningful withdrawal as the yen carrier of trade relaxes last August, the current situation is almost normal.
Coindesk research showed that Bitcoin was acting in an extremely tight interval for a meaningful period and a break in the channel was inevitable. On-Chain Data tells us that Bitcoin recently jumped out of its 200-day moving average or approx. $ 81,800. While short-term proprietors sell-maybe panic turnover? – At the highest level since August, because they have been holding BTC for 155 days or less, they are usually seen as a signal of some form of capitulation in the market.
Blackrocks Ibit so record outflow Wednesday. However, not all bad news. A huge expansion agreement was signed for Core Scientific (Corz), while Mara Holdings (Mara) reported a strong earnings, with both shares more than 10% before the open. Meanwhile, NVIDIA (NVDA) peaked estimates over the fourth quarter to soothe investors’ nerves. Stay aware!
What to look at
Crypto:
February 27: Solana-based L2 Sonic SVM (Sonic) Mainnet launch (“MOBIUS”).
March 1: Spothandel at the Arkham exchange goes alive in 17 US states.
March 5 (preliminary): At Epoch 222464, testing of Ethereum’s pectra upgrade on the Sepolia test network starts.
Macro
Day 2 of 2: 2025’s first G20 Finance Ministers and Central Bank’s governors meet (Cape Town, South Africa).
February 27 at. 07:00: Brazil’s Institute of Geography and Statistics (IBGE) Release January Employment Data.
Unemployment rate est. 6.6% against prev. 6.2%
February 27, 7:00: Mexicos National Institute of Statistics and Geography Releases January Employment Data
Unemployment rate est. 2.7% against prev. 2.4%
February 27, 8:30: US Bureau of Economic Analysis Release Q4 GDP (2. Estimate).
Core PCE prices Qoq est. 2.5% vs. Prev. 2.2%
PCE prices Qoq est. 2.3% vs. Prev. 1.5%
GDP growth speed qoq est. 2.3% vs. Prev. 3.1%
February 27, 8:30: The US Ministry of Labor is releasing unemployment insurance weekly requirements for the week ending on February 22.
Initial unemployed claims est. 221K vs. Prev. 219k
February 28, 8:30: US Bureau of Economic Analysis Release January Personal Consumption Data.
Core PCE Price Index Mother Est. 0.3% vs. Prev. 0.2%
Core PCE Price Index Yoy Est. 2.6% vs. Prev. 2.8%
PCE Price Index Mother Est. 0.3% vs. Prev. 0.3%
PCE -Price Index Yoy Est. 2.5% vs. Prev. 2.6%
Personal Income Mother Est. 0.3% vs. Prev. 0.4%
Personal expenses for Mother Est. 0.1% vs. Prev. 0.7%
Earnings
6. March (TBC): BitFarms (Bitf), $ -0.04
March 17 (TBC): Bit Digital (BTBT), $ -0.05
March 18 (TBC): Terawulf (Wulf), $ -0.03
March 24 (TBC): Galaxy Digital Holdings (TSE: GLXY), C $ 0.38
Token -events
Government votes and calls
Dydx DAO votes to distribute $ 1.5 million in Dydx tokens from Community Treasury to qualify users in Season 9 Trade as part of its incentives program.
February 27, 7 p.m. 11: IOTA (IOTA) to host an Ask Me Anything (AMA) session with co -founder Dominik Schiener and Thoralf, Senior Software Engineer for its smart contract platform and DEV tools.
February 27, 14:00: Verchain (VET) to cover his monthly updates in a social call.
Unlock
February 28: Optimism (OP) to lock 2.32% of circulating supply worth $ 36.67 million.
Mar 1: Dydx to lock 1.14% of circulating supply worth $ 6.13 million.
Mar 1: Zetachain (Zeta) to lock 6.48% of circulating supply worth $ 13.58 million.
Mar 1: SUI (SUI) to lock 0.74% of circulating supply worth $ 67.52 million.
2
Mar 7: Kaspa (KAS) to lock 0.63% of circulating supply worth $ 14.23 million.
March 8: BERACHAIN (BERA) to lock 9.28% of circulating supply worth $ 77.80 million.
Token lists
February 27: Venice Token (VVV) to be erected on Kraken.
February 28: Worldcoin (WLD) to be erected on Kraken.
February 28: Zcash (ZEC) and DASH (DASH) are defined from bybit
Conferences
Coindesk’s consensus on taking place in Toronto on 14-16. May. Use the code’s diary and save 15% on passports.
Day 5 of 8: ETHENVER 2025 (Denver)
March 2-3: Crypto Expo Europe (Bucharest)
March 8: Bitcoin Alive (Sydney)
10.-11. March: Moneylive Summit (London)
13-14. March: Web3 Amsterdam ’25 (Holland)
19-20. March: Next Block Expo (Warsaw)
March 26: DC Blockchain Summit 2025 (Washington)
March 28: Solana Apex (Cape Town)
Token Talk
By Shaurya Malwa
Pump.Fun, a Solana-based Memecoin Startpad, has seen a sharp fall in token launches and exams in the middle of a falling market.
The platform hit a highlight in October 2024 and created over 36,000 tokens in one day and generated a $ 3 billion record bar for its ecosystem, but activity has since fallen, with Daily Token launches falling more than 60%.
Data from DUNE Analytics shows pump.Fun’s token graduation speed remains low at approx. 1%-2%, how many tokens do not maintain value after launch, which contributes to the downturn.
The fall is coming as Solana’s sun has fallen more than 40% since the beginning of the year.
Derivatives Location
Open interest in perceptual futures tied to APT, one of the best priesting coins in the last 24 hours, has increased, but financing speeds and the cumulative volume delta are negative. It is a sign that dealers are uncovering downward risks.
Sol and LTC have also seen increases in open interest, but with positive financing rates.
BTC and ETH settings on delivery now indicate downward concerns that extend until the end of March, while later expires continue to show a preference for call options.
Block currents on the paradigm are mixed, with puts and OTM calls raised. SOL 7. March expiry stay at $ 120 strike was purchased.
Market Movement:
BTC has increased by 3% from 1 p.m. 16 A Wednesday to $ 86,735.19 (24 hours: -2.12%)
ETH has risen 1.98% of $ 2,378.49 (24 hours: -3.49%)
Coindesk 20 has risen 2.98% at 2,821.02 (24 hours: -1.13%)
Ether Cesr Composite Pooring Rate has dropped 26 bps at 3.02%
BTC financing rate is at 0.0039% (4.26% annual) on Binance
DXY has increased 0.23% 106.66
Gold is down to 0.77% of $ 2,893.59/oz
Silver is down 0.27% of $ 31.83/oz
Nikkei 225 closed +0.3% at 38,256.17
Hang bed closed -0.29% at 23,718.29
FTSE has increased 0.19% at 8,748.36
Euro Stoxx 50 has fallen 0.72% at 5,487.97
Djia closed Wednesday -0.43% at 43,433.12
S&P 500 closed unchanged at 5,956.06
NASDAQ closed +0.26% at 19,075.26
S&P/TSX Composite Index Closed +0.49% at 25,328.36
S&P 40 Latin America closed -0.46% at 2,379.84
US 10-year-old Treasury has increased by 5 BPS by 4.31%
E-MINI S&P 500 FUTURES have increased 0.57% at 6,005.00
E-MINI NASDAQ-100 FUTURES have increased 0.64% at 21,322.25
E-mini dow jones industrial average index futures increased 0.24% at 43,612.00
Bitcoin -Statistics:
BTC Dominance: 60.77 (0.31%)
Ethereum to Bitcoin ratio: 0.02744 (-1.05%)
Hashrate (Seven-Day Sliding Average): 766 EH/S
HashPrice (Spot): $ 50.5
Total fees: 10.9 BTC / $ 915,415
Cme futures open interest: 155,270 BTC
BTC priced in gold: 29.6 oz
BTC VS GOLD MARKET CAP: 8.42%
Technical analysis
BTC’s double top decrease has postponed the previously resistant supporting supporting below $ 74,000.
On the price diagram there is no other support between $ 90,000 and $ 74,000.
Crypto shares
Microstratey (Mstr): Closed Wednesday of $ 263.27 (+5.09%), an increase of 2.82% to $ 270.70 on the market
COINBASE GLOBAL (COIN): CLOSED TO $ 212.96 (+0.22%), an increase of 3.22% to $ 219.81
Galaxy Digital Holdings (GLXY): Closed to C $ 20.16 (+0.35%)
Mara Holdings (Mara): Closed to $ 12.45 (+0.28%), an increase of 12.93% to $ 14.06
Riot Platforms (Riot): Closed to $ 8.94 (-4.08%), an increase of 3.69% to $ 9.27
Core Scientific (Corz): Closed to $ 10.02 (+2.66%), an increase of 18.46% to $ 11.87
Cleanspark (CLSK): CLOSED TO $ 7.88 (-3.31%), an increase of 3.43% to $ 8.15
COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 17.22 (+1.06%)
Semler Scientific (SMLR): Closed to $ 43.91 (+3.51%), an increase of 1.41% to $ 44.53
Exodus Movement (2.
Etf is flowing
SPOT BTC ETFS:
Daily Net Tream: -$ 754.6 million
Cumulative net streams: 37.13 billion dollars
Collected BTC holdings ~ 1,139 million.
SPOT ETH ETFS
Daily Net Tream: -$ 94.3 million
Cumulative net streams: 2.93 billion dollars
They gathered eth Holdings ~ 3,714 million.
Source: Father’s page -Investors
Flows overnight
Today’s chart
The diagram shows a large outflow of Tether’s Dollar-Pegged StableCoin Usdt from centralized exchanges.
It may be a sign that dealers are preparing for deeper market decline or rotation of liquidity out of centralized paths to decentralized platforms.
While you were asleep
Bitcoin detects the largest 3-day price glass since the FTX debakel. What next? (Coindesk): The slip was driven by tighter Fiat liquidity and weakened institutional demand. Technical analysis shows the price could fall to about $ 70,000.
The FBI is looking for crypto industry help to trace, blocking the laundering of Bybit Hack Funds (Coindsk): In a public service, the Federal Bureau of Investigation (FBI) listed Ethereum addresses tied to crypto assets recently stolen from BYBIT.
The metaplan is seeking to raise over $ 13 million. From bond sales to buy more Bitcoin (Coindesk): Japanese company Metaplanet Inc (3350) said it raises another 2 billion yen ($ 13.3 million) by selling additional ordinary bonds with 0% interest rates.
Investors are focusing on sharpest inflation of US-Europe inflation since 2022 (Reuters): Data from inflation swap markets suggest stronger growth, and customs pressure will keep us inflation higher than in the euro area, where falling energy costs will help keep prices in chess.
Trump is shocking Europe to chase billions of military structure (Bloomberg): European leaders are reviewing defense financing by revising fiscal rules, enabling joint borrowing and recycling of recovery funds to increase military capabilities in the midst of rising security challenges.
Trump Axes Chevron’s Venezuela oil license with reference to lack of election reforms (Reuters): President Trump announced of Truth Social that he is turning a two-year-old bit-era license that enabled Chevron (CVX) to operate in Venezuela.
Argentina Memecoin -scandal dents Mileis’s hunt for election allies (Reuters): President Milei’s promotion of the weight token – which crashed shortly after launch – and subsequent studies have complicated his efforts to build political alliances before midterm elections.
In ether
