Crypto World
Bitcoin at Critical $69K-$72K Support: Death Cross Signals Deeper Correction Risk
TLDR:
- Bitcoin death cross forms on daily charts with moving averages positioned far above current price
- Weekly close below $69K-$72K support could trigger next leg down into deeper correction territory
- Binance withdrawal data shows whale accumulation doubled to 13.3 BTC average since late January
- Price must reclaim $82K then mid-$90Ks to establish bottoming pattern and reverse bearish trend
Bitcoin faces a critical test as price slides into the $69,000 to $72,000 support zone amid mounting bearish technical signals.
A death cross has formed on daily charts while weekly moving averages remain far overhead. Traders warn that a clean weekly close below this range could trigger a deeper correction phase.
The current price action shows weak bounce attempts with consistent rejections at key resistance levels.
Death Cross Formation Signals Bearish Trend Structure
The technical setup has deteriorated significantly as BTC continues its descent from higher levels. Daily charts now display an active death cross with the 50-day and 200-day moving averages positioned miles above current price. This configuration represents a classic bearish trend structure where rallies meet aggressive selling pressure.
Weekly timeframes confirm the concerning technical picture. Price remains trapped below the exponential moving average ribbon with repeated rejection attempts at that level.
Any upward moves are functioning as retests rather than genuine reversals. Trader @DamiDefi emphasized that pumps are getting sold while supports face continuous stress tests.
The $69,000 to $72,000 band now represents the final line of defense. This zone determines whether the market experiences a temporary shakeout or enters a prolonged correction phase. Price behavior at this level will dictate the trajectory for coming weeks and potentially months.
A breakdown below $69,000 on a weekly closing basis would open the next leg down. The accumulation phase would become considerably more painful before any bullish momentum could rebuild.
Historical patterns suggest that losing major support zones often leads to cascading liquidations and accelerated downside movement.
Support Test Occurs Despite Whale Buying Activity
The bearish price action persists even as on-chain data reveals unusual buying patterns. Binance exchange metrics show a significant increase in average withdrawal sizes during the decline.
The 14-day simple moving average of mean outflows has doubled from approximately 6 BTC on January 28 to 13.3 BTC by February 8.
This withdrawal pattern indicates whale and institutional activity at current price levels. Large entities appear to be accumulating Bitcoin around $69,000 despite the technical deterioration.
The average outflow size represents the highest level recorded since November 2024, according to CryptoOnchain data.
However, this accumulation has not yet translated into price stability or reversal. The gap between falling prices and rising withdrawal sizes creates a divergence worth monitoring. Smart money appears to be positioning for longer-term gains while accepting near-term downside risk.
Moving coins off exchanges to cold storage traditionally reduces immediate selling pressure. Yet the current market structure suggests this effect remains insufficient to halt the decline.
Bulls need price to reclaim $82,000 first, then push back into the low-to-mid $90,000s to establish a credible bottoming range. Without holding the $69,000 to $72,000 support zone, those recovery targets become increasingly distant possibilities.
Crypto World
Bitcoin & Ethereum News, Crypto Price Indexes
Israel’s nascent digital-asset sector is pressing for regulatory clarity and a more supportive footing for innovation. At a Tel Aviv gathering in early February, the Israeli Crypto Blockchain & Web 3.0 Companies Forum unveiled a lobbying drive aimed at reshaping the regulatory regime for stablecoins, tokenization, and tax treatment of tokenized assets. The push is anchored by research from KPMG, which the organizers say could add about 120 billion shekels ($38.36 billion) to the economy by 2035 and help create roughly 70,000 jobs. With policymakers signaling that 2026 could be a turning point for the local crypto scene in the wake of a US-brokered Gaza ceasefire, advocates argue a more permissive framework would unlock a wave of investment and innovation while delivering clearer compliance pathways for businesses.
Key takeaways
- The Forum’s agenda centers on easing rules around stablecoins and the tokenization of assets, alongside simplifying tax compliance for digital assets.
- KPMG’s research, cited by the organizers, projects a potential economic boost of 120 billion shekels by 2035 and the creation of about 70,000 jobs if reforms materialize.
- Public engagement on crypto is already solid in Israel, with estimates suggesting more than 25% of the population having crypto dealings in the last five years and over 20% currently holding digital assets.
- Banking frictions persist, with local financial institutions reportedly cautious about crypto clients and due diligence processes that can slow even legitimate funding.
- A national strategy framework endorsed by lawmakers and government agencies envisions a unified regulator, clear token issuance rules, and closer banking integration as core pillars.
- Broader market context shows steady growth in Israel’s crypto economy, influenced by regional dynamics and post-crisis policy shifts in the wider Middle East.
Sentiment: Neutral
Market context: The push aligns with a broader push in the region toward regulatory clarity for digital assets, as policymakers weigh the balance between innovation and consumer protection. The discussion follows a period of heightened activity in the global crypto space, with regulatory developments and institutional engagement shaping investment flows and product development.
Why it matters
The Israeli Forum’s lobbying effort spotlights a longer arc of policy maturation for digital assets in a country often cited for its deep fintech ecosystem. If the proposed reforms—ranging from tax treatment to token issuance and stablecoin regulation—are enacted, the immediate effect could be a more predictable operating environment for startups and fintechs that already anchor their research and development in Tel Aviv and surrounding hubs. Fireblocks and Starkware, two prominent players in the local crypto ecosystem, figure among the Forum’s sponsors, underscoring the scale of institutional interest in Israel’s ability to convert regulatory clarity into competitive advantage.
Underlying the push is a data-backed argument about public sentiment and ownership. A substantial share of Israelis have engaged with crypto: more than a quarter of the population has interacted with crypto markets in the last five years, and a significant portion remains actively invested in digital assets. Proponents contend that a clearer framework would lower compliance costs, reduce friction with banks, and attract both domestic and international capital. This is not just about niche tech; it is about turning Israel’s fintech strengths into a robust, globally integrated digital assets sector that can attract venture funding and talent while providing tax and regulatory certainty for participants.
On the policy front, the conversation sits within a broader national strategy. In mid-year, Israel’s National Crypto Strategy Committee presented an interim report to the Knesset, outlining a five-pillar framework that envisions a unified regulator, concrete rules for token issuance, and banking integration as central elements. The Government’s stance toward crypto taxation also evolved in August with the Tax Authority introducing a voluntary disclosure procedure intended to offer a path for taxpayers to come forward with previously undisclosed digital-asset income and assets, in exchange for immunity from criminal proceedings. Officials have acknowledged, however, that participation has fallen short of expectations, even as authorities pledged to push the program through to the end of August 2026. The Tax Authority’s leadership has stressed that the banking sector, which remains wary of cryptocurrency, contributes to the broader challenge of converting voluntary disclosures into practical liquidity for participants.
Beyond national borders, the story intersects with global peers pursuing tokenization and DLT pilots. A related body of work highlights how European pilots and U.S. momentum are shaping the international environment for token-based finance and on-chain markets. While Israel charts its own course, the regional and global context provides a backdrop for what the country is attempting to achieve: a stable, scalable environment in which digital assets can grow responsibly while delivering tangible economic benefits.
The broader narrative also reflects a bifurcated reality in which innovation and risk management must advance together. On one hand, the sector seeks predictable tax rules, a clear regulatory sandbox, and simpler compliance regimes. On the other hand, regulators are tasked with safeguarding consumers and preserving financial stability in the face of rapid innovation. The balance Israel pursues will influence not only domestic growth but its standing as a hub for crypto engineering, tokenized financial services, and cross-border collaboration in a global market that has become increasingly sensitive to regulatory signals.
What to watch next
- Parliamentary review and potential amendments to the National Crypto Strategy Committee’s interim framework, including expected legislative steps in 2026.
- Formalization of token issuance rules and a roadmap for banking integration within Israel’s financial system.
- Updates to the Voluntary Disclosure Procedure, including participation metrics and the timeline for broader outreach beyond August 2026.
- Regulatory guidance on stablecoins and tokenized assets that clarifies custody, settlement, and consumer protection standards.
Sources & verification
- Israeli Forum event materials and statements from Nir Hirshman-Rub, February Tel Aviv gathering.
- KPMG research cited by the Forum outlining potential economic impact from regulatory reforms.
- Chainalysis report on the Middle East and North Africa crypto adoption and Israel’s crypto economy trajectory.
- Startup Nation Central data on Israel’s fintech and digital-asset startups, funding, and employment.
- Israel Tax Authority Voluntary Disclosure Procedure page and related coverage in Globes on participation levels.
- National Crypto Strategy Committee interim report to the Knesset and related policy discussions.
- Post-conflict policy references and industry commentary on the Gaza ceasefire and its regulatory implications.
Israel’s regulatory push could redefine the digital asset landscape
Israel’s digital-asset sector stands at a crossroads where policy design could either accelerate growth or slow down momentum built in a vibrant fintech ecosystem. The Forum’s campaign to ease stablecoin and tokenization rules, coupled with streamlined tax treatment, frames a pragmatic path toward scaling innovation while maintaining appropriate guardrails. The numbers backing the push—120 billion shekels in potential economic impact by 2035 and roughly 70,000 new jobs—are meant to illustrate the scale of opportunity that could accompany a well-calibrated regulatory regime. They rest on a foundation provided by KPMG’s research, which the Forum cites as a basis for a policy package that would reduce ambiguity, lower compliance costs, and attract capital.
However, the journey from advocacy to enacted policy is mediated by a complex web of stakeholders. Banks, prosecutors, and tax authorities all play a role in shaping how crypto businesses operate in practice. The banking sector, in particular, has historically shown caution toward crypto-related clients, with due-diligence processes that can feel prohibitive for emerging firms. Executives note that such frictions, if not addressed through clear regulatory language and robust consumer protections, can impede the flow of funds needed to scale projects and attract international partners. The ongoing dialogue between policymakers and industry participants suggests a willingness to align incentives, but implementation remains contingent on legislative debate and regulatory clarity.
In this context, Israel’s broader strategy—especially the five-pillar framework proposed by the National Crypto Strategy Committee—reads as a blueprint for sustainable growth. A unified regulator, explicit token issuance guidelines, and a plan to integrate banking services with digital-asset activities could reduce fragmentation and build confidence among entrepreneurs and investors alike. Meanwhile, the voluntary disclosure program highlights the government’s intent to formalize a safe channel for asset reporting, even as participation metrics and enforcement timelines indicate that outreach and uptake will be critical in the months ahead. The interplay between domestic policy, corporate innovation, and international perception will shape whether Israel becomes a regional hub for tokenization and crypto engineering or a cautionary tale of regulatory churn.
In the near term, observers will watch for concrete policy moves and parliamentary momentum. The post-2026 regulatory environment will likely hinge on how quickly the nation can translate strategy into risk-managed products and services. The evolving stance on stablecoins, the mechanics of token issuance, and the practical cross-border implications of a unified regulator will all influence investment appetite and the pace of product development. As regional players and global incumbents refine their own regulatory playbooks, Israel’s path could serve as a useful case study in balancing innovation with oversight, and in translating theoretical economic gains into tangible benefits for citizens and businesses alike.
Crypto World
Could BTC slip to $60K?
The Bitcoin price is struggling amid persistent selling pressure in the crypto market. Key support and resistance levels are under scrutiny as traders weigh the next move.
This Bitcoin price prediction assesses the market’s current structure, potential upward moves, and downside risks.
Summary
- The Bitcoin price is under pressure, trading near $69,055 and range-bound between $68,000 and $70,000, reflecting market consolidation.
- BTC faces mixed sentiment, with retail traders bearish while large holders continue accumulating, making this period notable for a price prediction.
- Upside potential requires a decisive break above $74,500 to confirm bullish momentum and ease short-term market pressure.
- Downside risks include support at $66,000 and $60,000, which could trigger short-term selling but may also present strategic buying opportunities for long-term investors.
Current market scenario
As of February 9, Bitcoin (BTC) is trading near $68,388.46, down about 2.73% over the past 24 hours. Price remains range-bound between $68,000 and $70,000, signaling consolidation after the volatility earlier this year. Strong buying near $60,000 has highlighted the market’s resilience despite the recent pullback.

The current correction followed a rejection near $97,900 in January, marking a local high and cooling short-term momentum. While traders have become more cautious, the broader bullish structure on higher timeframes remains intact.
Sentiment is mixed. Retail traders are largely bearish, while large holders continue to accumulate according to on-chain data. Historically, extreme negative sentiment has often been a contrarian signal, making this period especially relevant for a BTC price prediction.
Upside potential
Bitcoin must break above $74,500 to signal that the bulls are in charge. Achieving this would improve the short-term setup and reduce market pressure.
Until that happens, rallies are likely to be met with selling, keeping the price range-bound for now.
Downside risks
If Bitcoin doesn’t maintain above $69,000, lower support levels are in focus. $66,000 comes first, with $60,000 as the next major line if selling intensifies.
While falling below these levels could trigger short-term panic selling, long-term investors have historically treated these dips as strategic buying opportunities near important price points.
Bitcoin price prediction based on current levels
To wrap it up, this Bitcoin price prediction is about waiting for confirmation rather than guessing the next move. Bitcoin is still consolidating in a key range, which means there’s room for both upside and further downside. Short-term technicals are fragile, but whale accumulation and extreme bearish sentiment suggest selling pressure may be easing.
Crypto World
XRP Leads Altcoin Inflows While Bitcoin Investment Products Struggle
XRP leads year-to-date inflows with $109M, while Chainlink and Litecoin register modest gains.
Investors withdrew $187 million from digital asset products last week, but the pace of outflows has slowed significantly. Historically, these changes reveal crucial inflection points in investor sentiment.
CoinShares stated that the deceleration suggests that panic selling may be subsiding, which may imply that the market could be stabilizing and that a potential low point in crypto prices might be forming.
Altcoins Outshine Bitcoin
In its latest edition of Digital Asset Fund Flows Weekly Report, CoinShares revealed that the latest price correction pushed total assets under management (AuM) down to $129.8 billion, the lowest level since the announcement of US tariffs in March 2025, which also coincided with a local low in asset prices. Trading activity surged last week, which drove exchange-traded product (ETP) volumes to a record-breaking $63.1 billion.
This figure exceeded the previous peak of $56.4 billion recorded in October of the prior year. The strong activity indicates increased investor interest and momentum.
Investor sentiment was negative for Bitcoin, which experienced $264 million in outflows, alongside $11.6 million moving out of short positions. On the other hand, altcoins attracted fresh capital, as XRP led with $63.1 million, Solana $8.2 million, and Ethereum $5.3 million. XRP continues to dominate year-to-date inflows, recording $109 million. Chainlink and Litecoin saw more modest gains of $1.5 million and $1 million.
Additionally, multi-asset products raked in $9.3 million over the past week.
Outflows were concentrated in the US at $214 million, with Sweden at $135 million, and Australia at just $1.2 million. Despite this, other regions experienced meaningful inflows. For instance, Germany received $87.1 million, Switzerland $30.1 million, Canada $21.4 million, Brazil $16.7 million, and Hong Kong $6.8 million. The data highlights a mixed global picture.
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Price weakness continues as Bitcoin slipped to $69,000 on Sunday and has hovered near that level into Monday. Despite this, Bitget CMO Ignacio Aguirre Franco said that the crypto asset has a path to the $150,000-$180,000 range this year if ETF flows stabilize and macro conditions improve. Ongoing Layer 2 development and growing DeFi activity strengthen Ethereum’s outlook, the exec said while predicting a potential target of $5,000-$6,000 with increased traditional finance participation. Franco added,
“Regulatory developments like the recent Clarity Bill and advancing market-structure legislation will also positively impact crypto markets by providing clearer compliance frameworks that reduce uncertainty and make these assets more attractive to institutions and traditional funds. As institutional capital finds easier entry points and global regulatory alignment improves, overall market stability and innovation are reinforced.”
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Crypto World
Is the 30% Bounce Sustainable?
The Solana price has staged a sharp recovery after a steep decline inside a falling channel. After slipping toward the lower part of that structure, SOL found strong support near $67 in early February and rebounded over 30%. The bounce was fueled by dip buying, possibly by the most hopeful crowd.
At first glance, the rebound looks convincing. But the SOL price is still trapped below major resistance, and on-chain data shows mixed conviction. The market now faces a critical test: whether buyers can turn this bounce into a sustained recovery, or whether selling pressure will return and drag the price lower again.
Dip Buyers Defended Key Support Zone
Solana’s rebound began before the price reached the bottom of its falling channel. Instead, buyers stepped in early near the $67 zone, which acted as an internal support level while the price was still sliding lower.
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On February 6, SOL printed a long lower wick on the daily candle near $67. A long lower wick shows that buyers aggressively absorbed selling pressure and rejected lower prices. This type of candle often appears when demand suddenly strengthens during panic phases.
This behavior was reinforced by the Money Flow Index (MFI). MFI combines price and volume to measure whether money is flowing into or out of an asset. Rising MFI during falling prices usually signals dip accumulation.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Between December 18 and February 6, Solana’s price trended lower, but MFI trended higher. This bullish divergence showed that capital was steadily entering the market despite the downtrend. In simple terms, buyers were active even while the price was falling.
This early defense of $67 prevented Solana from sliding straight to the channel’s lower boundary. It created the base for the 30% rebound. But early dip buying alone is not enough to sustain a trend. To understand whether this support is durable, we need to see who is holding after the bounce.
Long-Term SOL Holders Are Returning, But Conviction Remains Limited
After the dip, attention shifted to long-term investors.
For this, we look at Hodler Net Position Change (30-day). This metric tracks whether wallets holding SOL for more than 155 days are accumulating or distributing. These investors usually provide the backbone of long-term trends.
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On February 6, long-term holders were adding around 1.88 million SOL. By February 8, this figure had risen to roughly 1.97 million SOL. That represents an increase of about 5% in net accumulation.
This shows that conviction holders have started to return after the crash, aligning with the dip buying strength. That is a constructive signal, because sustainable recoveries rarely happen without their participation.
However, the pace remains slow. In strong recovery phases, long-term accumulation usually accelerates rapidly. Here, buying is cautious and incremental. This suggests that investors are testing the rebound rather than fully committing to it.
Because long-term conviction is still developing, the rebound remains vulnerable. That makes the behavior of short-term traders even more important.
Short-Term Selling Has Eased, But Loss Pressure Has Not Cleared
The 1-Day to 1-Week Holder Cohort, which represents highly reactive wallets, began selling into the bounce. On February 7, this group held about 8.32% of the SOL supply. By February 9, that share had fallen to around 5.40%. This is a nearly 35% decline in just two days, as shown by the HODL Waves data.
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This metric segregates SOL wallets based how long coins have been held.
Despite this selling, the price held most of its gains. This shows that dip buyers, possibly the longer-term investors, absorbed the exits. That is a positive sign. However, another risk remains visible in Short-Term Holder NUPL, which measures whether recent buyers are in profit or loss.
On February 6, NUPL dropped to around -0.95, reflecting extreme losses and panic. After the rebound, it improved to roughly -0.70. That is an improvement of about 26%.
Losses have eased, but short-term holders are still deeply underwater. Historically, early NUPL recoveries often lead to unstable bottoms. Losses have eased too early. If price fails to move higher soon, remaining short-term holders may sell again to avoid deeper drawdowns. That could trigger another wave of pressure. This brings the focus back to the price chart.
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Why $96 Will Decide Whether the Solana Price Bounce Survives or Fails
All technical and on-chain signals now converge around the same area.
Since the rebound, Solana has been trapped between roughly $80 and $96. This range reflects hesitation from both buyers and sellers.
As long as the price stays above $80, the rebound remains intact, despite possible short-term selling. But if $80 breaks, the next major zone sits near $67–$64. A loss of that area would reopen the path toward $41, which represents roughly a 50% downside from current levels and aligns with the broader channel projection.
This is the structural risk that still hangs over the market.
On the upside, $96 remains the most important level, the key test. It acted as strong support before the early February breakdown and now functions as major resistance.
A sustained break above $96 would signal renewed confidence. From there, Solana could target $116 and potentially $148. Without reclaiming this level, bounces are likely to stall. Right now, the price is still below this barrier.
Long-term buying is cautious. Short-term losses have eased too early. Until $96 is reclaimed with strong participation, the rebound lacks confirmation.
Crypto World
Chiliz Eyes US Comeback With Fan Tokens for 2026 World Cup
Chiliz, the sports and fan engagement blockchain, has unveiled a three-phase roadmap outlining how it plans to expand Fan Tokens ahead of the 2026 FIFA World Cup in the United States.
The project is making a big return to the US market with new Fan Token launches tied to national teams and broader blockchain expansion. Detailed in its newly released 2030 manifesto, the roadmap positions 2026 as the year Chiliz moves from experimentation to full-scale execution.
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Regulatory Clarity Paves the US Market Re-Entry
The company says it expects to announce its first US Fan Token partnerships in Q1 2026, marking a return after several years of limited activity due to regulatory uncertainty.
In parallel, Chiliz plans to launch Fan Tokens linked to national teams in summer 2026. Unlike club-based tokens, national team Fan Tokens are designed around major tournaments and international competitions.
With the World Cup approaching, Chiliz is targeting a broader, event-driven fan base beyond traditional club supporters.
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Another major change arriving in 2026 is Chiliz’s move to an omnichain model. Starting in the first quarter, Fan Tokens will be bridged to external blockchains using cross-chain infrastructure.
In simple terms, this allows Fan Tokens to move outside the Chiliz ecosystem and interact with other blockchains.
The shift is designed to improve liquidity, enable cross-chain trading and arbitrage, and allow Fan Tokens to be used in decentralized finance applications beyond their native network.
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New Tokenomics and Product Upgrades Roll Out Through 2026
In the second quarter of 2026, Chiliz plans to activate a new value-accrual mechanism for its native CHZ token.
Under the new model, 10% of all Fan Token revenues generated across the ecosystem will be used for ongoing CHZ buybacks. The company says this links CHZ demand directly to fan’s activity.
Product upgrades are also scheduled for mid-2026.
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Socios.com, the consumer platform behind Fan Tokens, will launch a new version with DeFi wallet integration.
Later in the year, Chiliz plans to introduce performance-based token mechanics. Match results will directly affect Fan Token supply, with wins triggering token burns and losses leading to new token issuance.
Beyond 2026, Chiliz’s roadmap shifts toward tokenized real-world assets in sports. From 2027 onward, the company plans to tokenize revenue streams, intellectual property, and other traditionally illiquid sports assets.
The roadmap builds on recent developments across the Chiliz ecosystem, including revenue-linked buyback commitments and a growing focus on infrastructure over short-term price action.
With the World Cup approaching, Chiliz is betting that Fan Tokens can evolve from engagement tools into a globally traded sports asset class.
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Bitcoin, Ethereum, Crypto News & Price Indexes
Bitcoin (BTC) pushed back above $71,000 on Monday, after market sentiment indicators across the crypto market dropped to new lows.
Some analysts believed that “extreme fear” and upside liquidity may help Bitcoin hold above its yearly-low at $60,000, but others warned that weak market conditions and bearish futures volume may push prices even lower.
Key takeaways:
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The Crypto Fear & Greed Index dropped to a record low of 7, showing extreme fear in the market.
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More than $5.5 billion in short liquidations above current prices may fuel a rebound.
-
Weak price trends and rising derivatives selling may still drag Bitcoin below $60,000.
Sentiment and liquidation suggeset $60,000 remains support
MN Capital founder Michaël van de Poppe said Bitcoin is flashing sentiment readings that have previously marked market bottoms. According to Van De Poppe, the Crypto Fear & Greed Index had dropped to 5 over the weekend (final recorded reading is 7), its lowest reading in history, while the daily relative strength index (RSI) for BTC has fallen to 15, signaling deeply oversold conditions.

These levels were last seen during the 2018 bear market and the March 2020 COVID-19 crash. Van de Poppe said such conditions may allow BTC to exhibit recovery and avoid an immediate retest of the $60,000 level.
CoinGlass data adds to the bullish case. Bitcoin’s liquidation heatmap shows over $5.45 billion in cumulative short liquidations positioned if the price moves roughly $10,000 higher, compared with $2.4 billion in liquidations on a retest of $60,000.
This imbalance suggests that an upward move may trigger forced shorts covering, leading to a BTC rally.

Related: Bitcoin circles $70K as Coinbase Premium sees first green spike in a month
BTC structural weakness keeps downside risks in focus
Data from CryptoQuant shows Bitcoin trading below its 50-day moving average near $87,000, while further below the 200-day moving average around $102,000. This wide gap reflects a corrective or “repricing” phase following the prior rally.

CryptoQuant’s Price Z-Score is also negative at -1.6, indicating BTC is trading below its statistical mean, a sign of selling pressure and trend exhaustion. Such conditions have preceded extended base-building rather than immediate rebounds.
Crypto analyst Darkfost highlighted a growing selling dominance in the derivatives markets. Monthly net taker volume has turned sharply negative at -$272 million on Sunday, while Binance’s taker buy-sell ratio has slipped below 1, signaling a strong selling pressure.
With futures volumes outweighing spot flows at the moment, stronger spot demand is needed to trigger a bullish reaction from BTC.
Adding a longer-term caution, Bitcoin investor Jelle noted that past Bitcoin bear market bottoms formed below the 0.618 Fibonacci retracement. For the current cycle, that level sits near $57,000, with deeper downside scenarios extending toward $42,000 if history repeats.

Related: Saylor’s Strategy buys $90M in Bitcoin as price trades below cost basis
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Crypto World
FTX’s Ryan Salame Goes Full MAGA in Bid for Trump Pardon
Former Ryan Salame, a onetime co-CEO of FTX, has launched a highly visible social media campaign that appears aimed at securing a presidential pardon from Donald Trump, despite currently serving a federal prison sentence.
Over recent weeks, Salame’s X account has posted a stream of politically charged messages praising Republican priorities, attacking Democrats, and aligning closely with Trump’s rhetoric on immigration enforcement and election integrity.
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In one post, Salame said that if granted clemency, he would “spend the remainder of my sentence working as an ICE agent,” a comment that quickly went viral.
In another, he argued voter ID laws were being misrepresented and suggested that funding IDs would “end the Democrats’ fake pretending” about voter suppression.
He is also promising to pay for legal citizens to get IDs to vote, for those who can’t afford. Only if he were free.
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How is Salame Posting From Prison?
Salame is currently serving a 90-month federal sentence at a medium-security US Bureau of Prisons facility.
In 2023, he pleaded guilty to campaign finance violations and operating an unlicensed money-transmitting business connected to FTX.
But how is he constantly posting on X from prison? Federal inmates are prohibited from accessing social media directly.
As a result, his posts are widely understood to be published via third parties acting on his behalf, typically based on phone calls, written correspondence, or pre-approved messaging — a common workaround used by high-profile inmates.
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Attacking Prosecutors, Echoing Trump Themes
Several posts directly attack federal prosecutors, including claims that he was coerced into a plea deal and that the Department of Justice misled him about investigations involving his wife.
Salame has repeatedly framed his prosecution as politically motivated — language that mirrors Trump’s broader criticism of the DOJ.
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Salame’s public posture comes amid Trump’s recent wave of pardons and commutations, including several tied to crypto and financial crimes.
Those moves have reshaped expectations around clemency, particularly for defendants who argue their prosecutions reflected regulatory overreach.
Trump has also intensified ICE enforcement actions and revived claims that Democrats — including President Joe Biden — undermined election integrity, themes Salame now openly amplifies.
While Salame has not explicitly requested a pardon, the messaging leaves little ambiguity.
From prison, the former FTX executive appears to be making a public case for inclusion on Trump’s clemency list. He is aligning himself with the president’s political agenda as aggressively as possible, one post at a time.
Crypto World
Dogecoin jumps as $20m whale transfer hits Robinhood
A large Dogecoin transfer to Robinhood has drawn attention amid a volatile crypto market. On Saturday, 203.6 million DOGE—worth roughly $20.1 million—was moved from an unknown wallet to the trading platform, coinciding with a 6% rebound in Dogecoin’s price.
Summary
- A large Dogecoin “whale” transfer to Robinhood—203.6 million DOGE worth about $20.1 million—coincided with a 6% price rebound.
- Nearly 278 million DOGE moved to Robinhood on February 4, signaling heightened activity by large holders during unstable market conditions.
- Whale Alert data shows this was the second major transfer in days.
The move followed several days of declines and marked a short-term reversal from a broader downward trend.
According to Whale Alert, this was not an isolated event.
Just days earlier, on February 4, nearly 278 million DOGE valued at about $29.5 million was also transferred to Robinhood. These repeated large movements suggest heightened activity by major holders during a period of market instability.
The broader cryptocurrency market has struggled since a sharp sell-off in October that eroded investor confidence. More recently, prices have been pressured by the unwinding of leveraged positions and increased volatility. Dogecoin fell for three consecutive sessions, hitting a low of $0.0799 on February 6 before rebounding to around $0.10, with losses attributed to risk-off sentiment and heavy derivatives trading.
Liquidity conditions have also weakened. Dogecoin’s market depth declined from roughly $12 million at the start of January 2026 to about $10 million in early February, a drop that can amplify price swings during turbulent periods.
Traders are closely watching key technical levels. A break below $0.07 could open the door to further downside toward $0.05, while a sustained move above the $0.106–$0.110 range may be needed to confirm a recovery. Overall, Dogecoin’s recent price action and whale activity point to ongoing uncertainty, with volatility likely to persist in the near term.
Crypto World
Trump’s Bitcoin bet? Cramer hints at $60k strategic reserve
Market commentator Jim Cramer claimed on CNBC that the Trump administration plans to purchase Bitcoin for a proposed U.S. Strategic Reserve amid ongoing market volatility.
Summary
- Cramer claimed the Trump administration may buy Bitcoin for a proposed U.S. Strategic Reserve, reportedly targeting a $60,000 entry price amid recent market volatility.
- The U.S. government currently holds 328,372 BTC (over $23 billion), with executive orders specifying that reserves come from asset forfeitures and cannot be sold; Treasury officials say public funds cannot be used to buy crypto.
- Interest in a Strategic Bitcoin Reserve is rising, with Polymarket placing the probability of establishment before 2027 at 31%, while BTC trades around $71,133, up 3% over the past 24 hours.
“I heard at $60,000 the President is gonna fill the Bitcoin Reserve,” Cramer said on Friday’s Squawk on the Street segment.
The remark coincided with a sharp Bitcoin sell-off earlier in the week, which saw BTC briefly approach $60,000 before rebounding above $70,000. If the purchase occurs at the cited price, Bitcoin would need to decline more than 15% for the administration to execute it.
What the data shows
According to Arkham data, the U.S. government currently holds 328,372 BTC, valued at over $23 billion, with no recent changes in holdings. An executive order from March 2025 specifies that BTC for the reserve would come from criminal and civil asset forfeitures, and deposits cannot be sold.
Treasury Secretary Scott Bessent has stressed that the federal government has no legal authority to bail out Bitcoin or compel banks to purchase it, reinforcing that public funds cannot be used to acquire cryptocurrency assets.
Despite these legal constraints, interest in a Strategic Bitcoin Reserve appears to be growing. Polymarket data shows the probability of such a reserve being officially established before 2027 has risen to 31%, up from 23% in early January.
At the time of reporting, Bitcoin was trading at $71,133.74, up roughly 3% over 24 hours, reflecting ongoing market volatility and investor attention on potential government involvement.
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