By James Van Straten (All times ET unless indicated otherwise)Two contradictory philosophies jump to mind when considering bitcoin's (BTC) price action of late. Do you "buy when there is blood in the streets"? Or perhaps "don't catch a falling knife."?See all newslettersWhich applies in today's market, the day after the largest cryptocurrency posted its steepest three-day decline since the collapse of FTX in 2022? The drop left BTC 25% below January's all-time high, despite the advent of President Donald Trump's pro-crypto administration.It's no surprise the largest hack in crypto history has shaken investor sentiment. Add to that the memecoin frenzy, which pulled liquidity out of the broader market. That said, in previous cycles so-called bull-market corrections have sent bitcoin tumbling as much as 35%. Given that BTC hasn't had a meaningful pullback since the yen carry trade unwind last August, the current situation is almost normal.CoinDesk research showed that bitcoin was trading in an extremely tight range for a meaningful period, and a break in the channel was inevitable. On-chain data tells us that bitcoin recently bounced off its 200-day-moving average or roughly $81,800. While short-term holders are selling — panic sales, perhaps? — at the highest level since August, because they have held BTC for 155 days or less they are usually seen as a signal of some form of capitulation in the market.BlackRock's IBIT saw record outflows on Wednesday. However, it's not all bad news. A huge expansion deal was made for Core Scientific (CORZ), while MARA Holdings (MARA) reported strong earnings, with both stocks more than 10% before the open. Meanwhile, NVIDIA (NVDA) topped fourth-quarter estimates to calm investors' nerves. Stay alert!Sonic SVM (SONIC) mainnet launch (“Mobius”)goes live in 17 U.S. statesepoch 222464Ethereum’s Pectra upgradeBITFWULFTSE: GLXYdistributing $1.5 million in DYDX tokenssession with co-founder Dominik Schiener and Thoralf,cover its monthly updatesETHDenver 2025Crypto Expo EuropeBitcoin AliveMoneyLIVE SummitWeb3 Amsterdam ‘25Next Block ExpoDC Blockchain Summit 2025Solana APEXBy Shaurya MalwaSource: Farside InvestorsBitcoin Registers Biggest 3-Day Price Slide Since FTX Debacle. What Next?FBI Seeks Crypto Industry Help to Track, Block Laundering of Bybit Hack FundsMetaplanet Seeks to Raise Over $13M From Bond Sale to Buy More BitcoinInvestors Bet on Sharpest U.S.-Europe Inflation Divergence Since 2022Trump Shocks Europe Into Chasing Billions for Military BuildupTrump Axes Chevron’s Venezuela Oil License, Citing Lack of Electoral ReformsArgentina Memecoin Scandal Dents Milei’s Hunt for Election Allies
