Whale and Institutional Transactions:

A wallet associated with Matrixport has closed a long position of 40,000 ETH, valued at $94.16 million, realizing a profit of $14.47 million. The same wallet remains long with 80,000 ETH and 700 BTC, worth $188.4 million and $52.86 million respectively, with unrealized gains of $33.1 million.

The wallet pension-usdt.eth, which boasts over 85% profitable trades and total profits exceeding $27 million, is now experiencing losses. It has opened short positions of 1,000 BTC and 10,000 ETH, totaling approximately $99.08 million, and is currently down more than $10 million.

Amid a rising market, several short positions held by 0x58bro have been liquidated. Despite this, the trader continues to open shorts against the trend, adding 7.81 million USDC to Hyperliquid to increase short positions in BTC and ETH. His total profit remains above approximately $32.8 million.

Yesterday, spot Bitcoin ETFs saw net inflows of approximately $199.4 million, while spot Ethereum ETFs recorded around $35.9 million in net inflows.

📊 #BTC C.Q.: The Interexchange Flow (IFP) indicator for Bitcoin has recently moved back into bullish territory, crossing above its 90-day moving average. Historically, this shift has signaled notable changes in market dynamics, particularly following extended periods of subdued liquidity flow between exchanges.

The IFP tracks the volume of BTC transferred among centralized trading venues, reflecting how liquidity is redistributed by market makers, arbitrage desks, and institutional investors. An uptick in this activity often suggests increased confidence among professional traders to reallocate capital in anticipation of improved trading opportunities.

📊 #BTC C.Q.: The Interexchange Flow (IFP) indicator for Bitcoin has recently returned to bullish territory, surpassing its 90-day moving average. Historically, this signal has marked notable shifts in market structure, especially after prolonged periods of low liquidity flow between exchanges.

The IFP gauges the intensity of BTC transfers among centralized platforms, reflecting liquidity redistribution driven by market makers, arbitrage desks, and institutional investors. An uptick in this activity typically signals a renewed willingness among professional traders to reallocate positions in anticipation of enhanced trading opportunities.

The Bitcoin (BTC) fear and greed index stands at 28, signaling prevailing market anxiety.

The Bitcoin fear and greed index stands at 28, reflecting a state of market fear.

Santiment reports that for the first time in its more than 13-year history, the XRP Ledger has exceeded 7.7 million active wallets. Usage continues to increase, with a five-week high of 46,767 active addresses recorded on Monday. The XRP price surged 14% over 48 hours, surpassing $1.60.

XRP Ledger Hits 7.7 Million Holders for the First Time in Over 13 Years, Says Santiment; Active Addresses Reach Five-Week High, Price Jumps 14% to Over $1.60

Bitcoin trading volumes indicate renewed buying interest after a significant sell-off in February. On February 16, the 30-day moving average volume delta was notably negative, with Binance reporting -$145 million and Coinbase recording -$88 million, reflecting dominant selling by both retail and institutional investors. Currently, these metrics have shifted to positive territory, approaching +$21 million on Binance and +$14 million on Coinbase. While this suggests a potential change in market sentiment, the trend requires confirmation, as liquidity across the cryptocurrency market remains relatively low. If upward momentum sustains, it could support a breakout from the current trading range.

Cango reports a $452.8 million net loss in first year of bitcoin mining operations.

Vietnam plans to implement new regulations that will prohibit its citizens from accessing foreign cryptocurrency platforms such as Binance and OKX. The country also aims to launch a pilot program for licensed domestic exchanges as early as this month. reuters #regulation

PayPal is broadening availability of its PYUSD stablecoin to 68 countries.

Mastercard acquires stablecoin infrastructure firm BVNK in $1.8 billion deal. bloomberg

Citigroup has lowered its 12-month target prices for Bitcoin and Ethereum. The firm now projects a target of $112,000 for Bitcoin, down from $143,000, and $3,175 for Ethereum, reduced from $4,304.

A group of regional US banks is developing the Cari Network, a tokenized deposit platform powered by ZKsync technology.

The Commodity Futures Trading Commission (CFTC) will not require Phantom to register as a broker for independent operations.

GSR has acquired Autonomous and Architech for $57 million. Further details are available here on CoinDesk.

Members of the US Democratic Party have introduced the BETS OFF Act, legislation designed to prohibit government officials from participating in prediction markets when they hold insider information.

World has launched AgentKit, a suite of tools that allows AI agents to generate cryptographic proof of identity verification via the World ID system. The company has also partnered with Coinbase and Cloudflare's x402 protocol to facilitate micropayments in stablecoins.

Traders are feeling optimistic, with long positions currently dominating the perpetual futures market.

Traders Maintain Bullish Sentiment as Long Positions Lead in Bitcoin Perpetual Futures Market