🇭🇰🐳 Tracing the Crypto Market Selloff: Hong Kong Hedge Funds, or TradFi Cross-Asset Whales?
Bitcoin’s early February 2026 drop to around $60,000 coincided with broader cross-asset deleveraging, fueling speculation about a large fund liquidation. While some attributed losses to ETF-based volatility strategies, others suggested a TradFi player unwinding cross-asset positions. However, industry insiders report no evidence of a major crypto fund collapse, indicating that macro pressure and ETF flows are amplifying the selloff amid low liquidity. #etf link
Bitcoin’s early February 2026 drop to around $60,000 coincided with broader cross-asset deleveraging, fueling speculation about a large fund liquidation. While some attributed losses to ETF-based volatility strategies, others suggested a TradFi player unwinding cross-asset positions. However, industry insiders report no evidence of a major crypto fund collapse, indicating that macro pressure and ETF flows are amplifying the selloff amid low liquidity. #etf link
📊 #BTC Glassnode: At $70k, the unrealized loss in the market equals ~16% of the market cap. Current market pain echoes a similar structure seen in early May 2022.
⛏️ #BTC miner and treasury company Cango sold 4,451 BTC for $305 million. This move aims to strengthen its balance sheet and support AI expansion.
🤝 #CLANKER Founder of Farcaster Joins Tempo, A Stablecoin Network Backed By Stripe And Paradigm #stablecoin
⛏️ #BTC miner and treasury company Cango sold 4,451 BTC for $305 million. This move aims to strengthen its balance sheet and support AI expansion.
🇫🇷📝 France’s financial regulator AMF reminded Digital Asset Service Providers that the MiCA transitional period ends on 1 July 2026.
Crypto firms operating in France must obtain MiCA CASP authorisation by then or cease operations.
Providers that do not plan to comply are urged to begin an orderly wind-down by 30 March 2026.
After July 1, 2026, unauthorised crypto services may face penalties, blacklisting, and website blocking. link
Crypto firms operating in France must obtain MiCA CASP authorisation by then or cease operations.
Providers that do not plan to comply are urged to begin an orderly wind-down by 30 March 2026.
After July 1, 2026, unauthorised crypto services may face penalties, blacklisting, and website blocking. link
🙋♂️ Backpack announced its token allocation plan:
25% will unlock at TGE (250 million tokens), including
- 24% for Points airdrop (240 million)
- 1% for Mad Lads (10 million).
37.5% allocated to the pre-IPO phase (625 million) will unlock based on growth milestones, while
37.5% allocated post-IPO (375 million) will be placed in the company treasury and fully locked for one year after the IPO as a long-term strategic digital asset. link
25% will unlock at TGE (250 million tokens), including
- 24% for Points airdrop (240 million)
- 1% for Mad Lads (10 million).
37.5% allocated to the pre-IPO phase (625 million) will unlock based on growth milestones, while
37.5% allocated post-IPO (375 million) will be placed in the company treasury and fully locked for one year after the IPO as a long-term strategic digital asset. link
Forwarded from Elite Trade Signals – Crypto | Forex | Gold
📊 #BTC #ETF Glassnode: Overall, the situation remains favorable in the spot market, derivatives market, ETF, and based on on-chain indicators.
Profitability is decreasing, capital inflow is negative, and demand for hedging remains high after the reassessment towards the downside.
Although some signals indicate a possible easing of selling pressure, sustained recovery likely depends on a resurgence in spot demand capable of stabilizing prices above recent lows.
Profitability is decreasing, capital inflow is negative, and demand for hedging remains high after the reassessment towards the downside.
Although some signals indicate a possible easing of selling pressure, sustained recovery likely depends on a resurgence in spot demand capable of stabilizing prices above recent lows.