๐บ๐ธ๐ On Feb. 18 (ET), U.S. spot Bitcoin ETFs recorded total net outflows of $133 million. The BlackRock spot Bitcoin ETF IBIT saw the largest single-day net outflow at $84.19 million.
Spot Ethereum ETFs posted total net outflows of $41.83 million, with the BlackRock spot Ethereum ETF ETHA logging the largest single-day net outflow at $29.93 million. #etf link
Spot Ethereum ETFs posted total net outflows of $41.83 million, with the BlackRock spot Ethereum ETF ETHA logging the largest single-day net outflow at $29.93 million. #etf link
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๐งโ๐ป DerivaDEX is launching a derivatives exchange licensed in Bermuda and managed by a DAO. link
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๐ #BTC Bitcoinโs short-term Sharpe ratio has reached a level typically associated with generational buying opportunities. The chart indicates that each previous extreme negative reading was followed by significant recoveries to new highs. link link
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๐ต๏ธ CEO of Robinhood, Vlad Tenev, stated that in the first week of testing on the Robinhood Chain network, 4 million transactions were made.
The Block link
The Block link
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๐ฐ๐ท๐ต๏ธ #RWA Kresus has raised approximately $13 million from Hanwha Investment & Securities. The funding will be used to support the infrastructure of corporate wallets and real-world asset (RWA) tokenization platforms. link
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๐ Top five #DeFi projects for staking to earn yields (up to 25% APY) and qualify for potential airdrops. cryptorank
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๐ต๏ธ Aptos Foundation has released a tokenomics update with several key proposals. These include reducing the staking reward APR from 5.19% to 2.6% via governance, initially increasing gas fees by 10x (with gas paid in APT and fully burned), establishing a protocol-level hard cap of 2.1 billion APT, and permanently locking and continuously staking 210 million APT held by the Foundation.
Additionally, future grants will transition to KPI-linked "performance-triggered" distributions, and a programmatic buyback mechanism will be explored. link
Additionally, future grants will transition to KPI-linked "performance-triggered" distributions, and a programmatic buyback mechanism will be explored. link
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๐บ๐ธ๐ฎ๐ท The US has reportedly moved over 120 combat aircraft and two carrier strike groups toward the Middle East amid escalating tensions with Iran. This is the largest deployment since midโ2025.
Such military buildups often increase global uncertainty and can weigh on risk assets โ including equities, emerging markets, and crypto. Traders should watch for heightened volatility as geopolitical headlines intensify. cnn.com #macro #tradewars
Such military buildups often increase global uncertainty and can weigh on risk assets โ including equities, emerging markets, and crypto. Traders should watch for heightened volatility as geopolitical headlines intensify. cnn.com #macro #tradewars
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๐ Bybit CEO Ben Year-End Keynote: 1010 Review and 2026 Roadmap
In this keynote address, Bybit CEO Ben reviews the rapid development of the global crypto industry in 2025 and outlines Bybitโs strategic transition from a โcrypto exchangeโ to a โcomprehensive financial platform.โ He also reflects on the market turmoil of October 10 (10.10), analyzing its impact on market liquidity and trading infrastructure. link
In this keynote address, Bybit CEO Ben reviews the rapid development of the global crypto industry in 2025 and outlines Bybitโs strategic transition from a โcrypto exchangeโ to a โcomprehensive financial platform.โ He also reflects on the market turmoil of October 10 (10.10), analyzing its impact on market liquidity and trading infrastructure. link
๐ณ๏ธ #UNI The Uniswap team is conducting a vote on a proposal to activate protocol fees for all remaining v3 pools and extend the fee action to eight more blockchains. link
๐ฑ SEC Chair Paul Atkins states that regulators should not panic over declining crypto prices. He emphasizes that it is not the regulator's responsibility to be concerned about daily market fluctuations, and the focus should instead be on disclosures and long-term regulatory clarity. #regulation
๐ #RWA Sentora: Monthly active addresses for tokenized commodities have climbed over 95% in the last 30 days.
Despite the relatively small holder base of ~230k adresses, the sector has reached $6.86B in market capitalization and more than $18B in monthly transfer volume.
Despite the relatively small holder base of ~230k adresses, the sector has reached $6.86B in market capitalization and more than $18B in monthly transfer volume.
๐ #BTC Realized Profits-to-Value (30D MA) has retraced sharply, unwinding much of the prior profit-taking impulse.
However, it remains above the historical capitulation band, suggesting profit realization is cooling, but not yet broad capitulation.
However, it remains above the historical capitulation band, suggesting profit realization is cooling, but not yet broad capitulation.
๐ #BTC Realized Profits-to-Value (30D MA) has retraced sharply, unwinding much of the prior profit-taking impulse.
However, it remains above the historical capitulation band, suggesting profit realization is cooling, but not yet broad capitulation.
However, it remains above the historical capitulation band, suggesting profit realization is cooling, but not yet broad capitulation.
๐ต๏ธ #BTC Range-Bound Under Pressure
Executive Summary
Bitcoin has slipped below the True Market Mean (~$79k), with the Realized Price (~$54.9k) defining the lower structural boundary. In the absence of a macro catalyst, this range is likely to frame the mid-term environment.
Sell pressure continues to be absorbed within the $60kโ$69k demand cluster formed in H1 2024. The holder conviction at breakeven has supported a transition into consolidation.
Liquidity remains constrained, with the 90D Realized Profit/Loss Ratio stuck between 1โ2. Capital rotation is limited, and the broader backdrop remains cautious.
ETF flows have rotated back into persistent outflows, removing a key structural bid. Institutional demand is no longer cushioning downside.
The volatility risk premium is normalizing as realized volatility remains elevated and implied retraces. Panic-driven flows are fading, with markets shifting toward range-bound expectations.
Executive Summary
Bitcoin has slipped below the True Market Mean (~$79k), with the Realized Price (~$54.9k) defining the lower structural boundary. In the absence of a macro catalyst, this range is likely to frame the mid-term environment.
Sell pressure continues to be absorbed within the $60kโ$69k demand cluster formed in H1 2024. The holder conviction at breakeven has supported a transition into consolidation.
Liquidity remains constrained, with the 90D Realized Profit/Loss Ratio stuck between 1โ2. Capital rotation is limited, and the broader backdrop remains cautious.
ETF flows have rotated back into persistent outflows, removing a key structural bid. Institutional demand is no longer cushioning downside.
The volatility risk premium is normalizing as realized volatility remains elevated and implied retraces. Panic-driven flows are fading, with markets shifting toward range-bound expectations.
๐บ๐ธ๐ #macro USA:
- Initial Jobless Claims = 206k (exp 223k / prev 227k)
- Continuing Jobless Claims = 1.869M (exp 1.860M / prev 1.862M)
- Initial Jobless Claims = 206k (exp 223k / prev 227k)
- Continuing Jobless Claims = 1.869M (exp 1.860M / prev 1.862M)