According to Foresight News, cryptocurrency analyst Miles Deutscher stated that the premium rate of MicroStrategy's market value relative to its holdings of Bitcoin assets has decreased from 3.4 times in November last year to 1.6 times currently. He pointed out that the lower this value, the more difficult it will be for Michael Saylor to raise more funds to purchase Bitcoin, which means his pace of buying Bitcoin may slow down.
By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is a sea of red, with bitcoin trading at three-month lows under $88,000 and the CoinDesk 20 Index down more than 10% in 24 hours. There are several catalysts for the swoon, including risk-off sentiment in traditional markets and influence from memecoins, especially the recent trading in TRUMP and LIBRA.See all newslettersAs we discussed Monday, market makers attending the Consensus Hong Kong conference last week were worried the memecoin frenzy had sucked liquidity from the productive crypto sub-sectors, leaving the broad market vulnerable.Another reason is President Donald Trump's inaction. Although he made significant promises in the lead-up to the elections, concrete action has been scarce. The anticipated strategic BTC reserve remains absent, and even state-level reserves are proving challenging to implement."The industry is still waiting for this to manifest in a tangible way in the form of measures such as a mooted Bitcoin Strategic Reserve," Petr Kozyakov, co-founder and CEO at Mercuryo told CoinDesk. "In the meantime, sentiment has been hit hard by the biggest ever hack at the Bybit exchange, leaking 401,000 ETH, and a memecoin sector plagued with high-profile pump and dump schemes."Lastly, renewed concerns about the U.S. economy are zapping demand for riskier assets."There is also some concern about the slowdown in U.S. growth since last week's U.S. Services PMI release, the lowest in 22 months and consistent with GDP growth tracking at 0.6% only," Nansen's principal research analyst Aurelie Barthere said. "Our Nansen Risk Barometer also just turned Risk-off from Neutral today."Together, they sent BTC diving out of its two-month-long range play between $90,000 and $110,000. Technical analysis theory suggests it could drop to $70,000, though the maximum open interest in BTC put options listed on Deribit sits at the $80,000 strike, indicating that this level could provide some support.What could stabilize prices? Perhaps an announcement from Trump regarding a strategic reserve or a sharp reversal by the Nasdaq 100. However, that index has fallen below its 50-day SMA, while the yen, a risk-aversion signal, continues to strengthen against G7 currencies, including the dollar.The next major catalysts for risk assets are Nvidia's earnings on Feb. 26 and core PCE inflation on Feb. 28. Stay alert!AMA on RedditPascal hard fork network upgradeReactive Network mainnet launchCosmos (ATOM) network upgradeRedStone (RED) farmingcommunity AMA on DiscordSonic SVM (SONIC) mainnet launch (“Mobius”)Richmond Fed President Tom Barkin delivers a speechBTDRCIFRMARAreducing the Flash Mint fee to 0.5%establishment of a DYDX buyback program upgrading the protocol ETHDenver 2025HederaCon 2025Crypto Expo EuropeBitcoin AliveMoneyLIVE SummitWeb3 Amsterdam ‘25Next Block ExpoDC Blockchain Summit 2025Solana APEXBy Shaurya MalwaSource: Farside InvestorsBitcoin Slides Below $89K to 3-Month Low as Nasdaq Futures Dip, Yen Sparks Risk-Off Fears U.S. Bitcoin ETFs Post Year's 2nd-Biggest Outflows as Basis Trade Drops Below 5%USDe Issuer Ethena Labs Integrates Chaos Labs' Edge Proof of Reserves Oracles to Strengthen Risk ManagementForget MAGA, Investors Want MEGA: Make Europe Great AgainChina Learned to Embrace What the U.S. Forgot: The Virtues of Creative DestructionAsian Shares Slide as U.S. Curbs China Investment, Euro Gain Fades
BTC has accelerated its decline after falling below the key chip peak of $96469.26, and is currently entering the lower edge of the chip intensive zone, with weak support in the chip vacuum zone below. And if Binance's major players continue to ship, and the price cannot quickly recover, it is likely to further exacerbate the downward trend. Please note that the BTC daily level has fallen below the MA120 moving average and formed a black three soldier pattern, with bearish sentiment dominating. The 38.2% Fibonacci retracement level will become the key support, with the main range being $88000~$87800. Interpretation of Chip Peak: Chip peak represents a densely traded area. When the chip peak is below the price, it can be considered as support. If the support level does not break, the price will rebound; If it falls below the support level, the market will accelerate its decline. The data is sourced from PRO members, for reference only, and does not constitute any investment advice!
The current price of HTX-BTC is $89270.86, with a drop of 6.80% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 724 million US dollars, with multiple orders being the main liquidation and BTC liquidation of 245 million US dollars (33.86%). The data is for reference only.
Click on this link to enter the live stream: https://meeting.tencent.com/p/5658778060 I feel a bit awkward when writing this article. We must once again clarify that Lao Guan had already mentioned this market trend at the weekly level two weeks ago. If the decision at the weekly level is valid, then the overall direction must be bearish. But for the weekly level, it belongs to a relatively large cycle, with each candlestick filling in the volatility of 7 trading days. We have been analyzing the market in detail for the past three weeks, and during this period, we have also provided short-term ideas for the market. Honestly, when we analyzed the market yesterday, we did believe that the price would have a first upward momentum and then a downward movement, because we see that the current position of the market is not enough to show a deep downward trend. But the fact is that the market has just taken a downward trend. This wave of decline met some people's expectations, and of course, it also broke some people's expectations, but I objectively looked at the current dual currency market from an outsider's perspective. I have this idea. First of all, at the current position on the big cake, it has basically touched the lower edge of the oscillation downward channel line we drew before. I will show you this on the wheat tonight. In this situation, the market may still have rebound behavior after touching the oscillation resistance. So at the daily level on the ether, the several key resistance lines we previously drew have also been successfully touched, and currently belong to the last key resistance line below. So on this basis, Ethereum also has a certain expectation of rebound. At this point, we are not trying to guide you to engage in bottom hitting, rebound, and bottom buying operations. Instead, we would like to warn you that based on the objective fluctuations of the current market, we are indeed at a critical juncture. It seems that Duojun has been pushed to a dead end, but there may still be a glimmer of hope. Of course, this hope is limited, or only limited to this trading day. So tonight, our focus is more on discussing with everyone whether the key resistance level below the current dual currency can be broken, and what direction the market should take if it breaks or not. QQ group number: 701829134 Aicoin group: https://aicoin.com/link/chat?cid=2ARLLeaoM Tencent Meeting Number: 5658778060 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
Odaily Planet Daily News: Juan Pellicer, Senior Research Analyst at IntoTheBlock, said that the current downturn may indicate that the market is about to surrender. He pointed out that the recent market adjustment, especially with a large amount of liquidation (especially for assets like Solana), indicates that as excessively leveraged positions are cleared, the market may surrender. In financial markets, surrender style selling refers to investors selling their positions in panic, causing a significant drop in prices and indicating that the market is about to bottom out before the next upward trend begins. （Cointelegraph）
