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Bitcoin Plunges in One of Its Fastest Crashes Ever

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Crypto Breaking News

Bitcoin (CRYPTO: BTC) trading action suggests a rebound is becoming increasingly likely, even as the asset tests downside extremes. Data show BTC is about 2.88 standard deviations below its 200-day moving average—the kind of deviation that has not occurred in a decade of data, according to Martin Leinweber of MarketVector Indexes. A dip below $60,000 intensified the narrative that this is macro-driven rather than a breakdown of the technology or the network’s fundamentals, with analysts framing the move as a potential prelude to mean reversion. While official bottoms remain uncertain, the long-term thesis for Bitcoin’s role in diversified portfolios remains intact, keeping attention on what happens next as liquidity and risk sentiment evolve.

Key takeaways

  • Bitcoin (BTC) sits about 2.88σ below its 200-day moving average, an extreme not seen in roughly ten years of data.
  • BTC plunged more than 22% in a single week, placing the move among the fastest drawn‑down episodes in its history.
  • Analysts describe the current bear market as macro-driven rather than a tech failure, with the long‑term thesis for BTC still intact.
  • Ethereum (ETH) and Solana (SOL) have underperformed BTC during this episode, underscoring broad risk-off conditions across major crypto assets.
  • Despite the drawdown, some observers see signs of mean reversion ahead, though a definitive bottom remains elusive.

Tickers mentioned: $BTC, $ETH, $SOL

Sentiment: Bearish

Price impact: Negative. A steep weekly loss reinforces risk-off sentiment and pressures near-term liquidity dynamics.

Market context: The move aligns with broader risk-off environments where macro factors drive volatility in crypto markets, shaping trading ranges and participant behavior rather than signaling a systemic breakdown of the asset class.

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Why it matters

Bitcoin’s recent performance has spotlighted the fragility and resilience of crypto markets at the intersection of macro stress and digital asset hedging. On one hand, the unprecedented distance from the 200-day SMA underscores how stretched sentiment and liquidity can become during risk-off phases. On the other hand, the fact that the long-term investment narrative remains intact—often cited by researchers and institutions—suggests that the drawdown may eventually be absorbed as traders reprice risk rather than reallocate away from the asset class entirely.

Analysts point to the speed and magnitude of the move as a catalyst for renewed interest among long-term holders and “cash-heavy” buyers prepared to accumulate during volatility. In the near term, the market is watching whether the price reverts toward trend lines and whether any technical floor emerges around historically meaningful levels. The divergence between BTC and altcoins like Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) during this period also matters: a widening dispersion could indicate selective risk appetite among institutional players or hedged traders recalibrating exposure across chains.

Macro factors continue to loom large. When bear markets crest on macro-driven dynamics, the consensus often shifts between “this is a pause before a recovery” and “this is the start of a longer review of risk premia across digital assets.” The sentiment readings have been grim at moments, such as the episode’s rapid liquidation cycles and the perception of liquidity shortages in stressed markets. Yet within this volatility, the potential for mean reversion persists because the observed distances from trend lines are statistically extreme. In the view of Leinweber and others, the dataset suggests that outsized deviations can produce sharp, corrective rebounds when liquidity and risk tolerance normalize.

Historical context remains a persistent theme. The drawdown scenario recalls prior stress events but stokes caution against assuming a bottom has formed. While the macro narrative dominates near-term moves, participants continue to scrutinize on-chain signals, exchange flows, and the behavior of large holders to gauge whether capacity is forming for a technical bounce or if further declines could unfold before any stabilization.

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What to watch next

  • Monitor Bitcoin’s proximity to the 200-day SMA and any early signs of mean reversion, including turnover in liquidity metrics and order-book dynamics.
  • Track hedging and accumulation patterns among large traders and institutions, particularly any shifts in funding rates and open interest on BTC-denominated derivatives.
  • Assess sentiment indicators, such as the Crypto Fear & Greed Index, for any uptick from extreme readings as prices stabilize or bounce.
  • Compare performance across BTC, ETH, and SOL to determine whether the macro backdrop is driving broad risk-off or if assets begin to decouple in a stabilization phase.

Sources & verification

  • Martin Leinweber’s X thread detailing BTC’s distance from the 200-day SMA and the sub-$60,000 dip (via New analysis).
  • BTC’s weekly drawdown exceeding 22% and its ranking among the fastest declines in history.
  • Crypto Fear & Greed Index reading at 9/100, signaling extreme market pessimism (via Alternative.me).
  • Reported dip-buying activity and commentary from traders discussing potential opportunities for cash-rich buyers (via buying the dip).
  • On-chain and market observations cited in discussions around BTC’s move and altcoin relative performance (via linked analyses and price pages for ETH and SOL).

Market reaction and key details

Bitcoin (CRYPTO: BTC) has moved into a territory that market technicians label as extraordinarily rare: a sustained deviation from the 200-day moving average that has not appeared in roughly ten years of data. The data show BTC trading below the 200-day SMA by about 2.88 standard deviations, a statistic that Leinweber describes as a once-in-a-decade event. The price fragment below the $60,000 level has arrived amid a weekly slide of more than 22%, a pace that places the move among the most rapid drawdowns in the currency’s history. In practical terms, the slide has undertaken both the breadth of a market-wide risk-off mood and the depth associated with cascading liquidations across leveraged positions.

Despite the severity of the move, the analyst notes that Bitcoin’s long-term investment thesis remains intact. He stresses that the bear market at hand appears macro-driven rather than a sign of systemic weakness in the protocol or in its underlying economic model. In his perspective, the combined signals—distance from the 200-day SMA, an outsized daily drawdown, and the persistence of macro headwinds—point toward a high probability of mean reversion as liquidity conditions normalize and market participants recalibrate risk appetites. This framing resonates with the broader interpretation that the current episode is more about macro dynamics than a fundamental failure of Bitcoin’s supply-demand mechanics.

The broader market also reveals differentiated performance among major crypto assets. Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have not kept pace with Bitcoin’s decline, reinforcing the narrative that capital follows risk-off trends with selective dispersions across chains. The distances from trend lines for these assets underscore how volatility has affected the sector as a whole, even as some observers argue that BTC’s unique status as a market anchor can drive sharper moves in its wake. The juxtaposition between BTC’s outsized deviation and altcoins’ responses provides a window into how market participants are weighing potential rebounds versus the risk of renewed downside momentum.

Market participants have also been watching the buy-and-dump cycles that have characterized recent weeks. Several commentators described how large‑volume liquidations have created pockets of opportunity for those with dry powder, especially among hedge funds and major exchange ecosystems. One trader emphasized that the “middle” of 2024’s range could offer attractive entry points for those prepared to accumulate while volatility remains elevated. Yet even as accumulation narratives gain traction, the scale of the current decline and the magnitude of the deviation suggest that any reprieve could be inherited with caution rather than enthusiasm, as investors assess where the next catalyst might come from and whether a longer-term stabilizing phase can emerge from the micro- and macro- forces at play.

As observers parse the data, the emphasis remains on risk management and disciplined positioning. While the macro backdrop remains unsettled—characterized by inflation dynamics, central bank policy expectations, and liquidity considerations—the consensus among several researchers is that Bitcoin’s core narrative persists. The asset’s scarcity, its history of resilience, and the belief that it still acts as a portfolio hedge for some traders anchor a case for eventual recovery, even if the near term remains volatile and uncertain. In short, the market is braced for a potential rebound, but the path there will be shaped by evolving macro signals and the behavior of market participants navigating a complex risk environment.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crypto World

Turn $100 Into $300 Now With Remittix – Project Rewards Presale Buyers With 300% Bonus

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Turn $100 Into $300 Now With Remittix - Project Rewards Presale Buyers With 300% Bonus

Investors searching for the best crypto to buy now are increasingly focusing on projects that provide real infrastructure alongside structured early participation incentives. Among these projects, Remittix is gaining popularity with its PayFi payment framework and its 300% allocation incentive that is limited.

As discussions regarding cryptocurrency with actual use continue to grow, Remittix is included in discussions regarding the use of blockchain technology for payments and actual use of cryptocurrency.

Market participants are not only evaluating future price movement potential but also looking at how early allocation incentives can influence entry positioning. With the Remittix ecosystem progressing through product launches and rollout milestones, attention is shifting toward participation timing as access windows narrow across the platform.

Allocation Windows Tighten As Bonus Multiplier Drives Demand

Remittix is valued at $0.123 per RTX token, making it a part of the search discussions on the top crypto under $1. Remittix has managed to raise over $29 million from private funding, which is a clear indication of the demand for the blockchain infrastructure focused on payments.

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Over 703 million tokens out of the 750 million available have already been secured. This is a clear indication that over 93% of the total allocation is no longer available. Participation activity has accelerated as availability continues to shrink across the ecosystem.

A major factor behind this surge is the 300% bonus available via email, allowing participants to receive up to three times more RTX tokens compared to their initial allocation. This incentive is widely viewed as one of the strongest allocation multipliers currently available among early stage crypto investment opportunities.

Infrastructure Launch Timeline Strengthens Real Utility Narrative

Remittix is widely recognized as a Remittix DeFi project focused on solving cross-border payment inefficiencies. The ecosystem is entering a critical rollout phase, supported by the Remittix Wallet already live on Apple devices while Android deployment continues toward release.

The broader PayFi platform is scheduled to go live on the 9th February 2026, marking the first full release of the crypto-to-fiat infrastructure. The platform aims to allow users to send digital assets directly into traditional bank accounts, addressing one of blockchain’s largest real-world adoption challenges.

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Users can track ecosystem progress and allocation access directly through the Remittix platform homepage, where dashboard tools allow allocation monitoring and reward tracking.

As the platform rollout approaches, participation timing is becoming a major focus. Investors tracking how to buy crypto early are positioning themselves before broader payment infrastructure deployment expands user access.

Security Verification And Exchange Expansion Build Market Confidence

Remittix recently achieved a major credibility milestone after receiving full verification from CertiK. The project is also ranked as the #1 pre-launch token on CertiK, strengthening investor confidence and highlighting platform transparency.

The full security verification details can be reviewed through CertiK’s Remittix audit listing, which confirms project security standards and infrastructure validation.

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The project has also revealed upcoming centralized exchange partnerships with BitMart and LBank. These future listings are expected to expand liquidity, increase accessibility and improve global exposure for RTX holders once trading access opens.

Allocation tracking, bonus activation and participation tools remain available through the Remittix dashboard portal, where referral rewards and allocation monitoring are currently active.

Core Factors Supporting Remittix Ecosystem Growth:

  • Crypto-to-bank transfers designed for global payment efficiency
  • Wallet infrastructure already deployed and expanding
  • CertiK verification reinforcing platform security
  • Global PayFi rollout targeting cross-border finance
  • Referral rewards offering 15% USDT returns for ecosystem growth

Referral Rewards Expand Community-Driven Adoption

Remittix recently introduced a referral program allowing participants to receive 15% of new allocations in USDT, claimable every 24 hours through the dashboard. The program is helping accelerate ecosystem expansion while rewarding early network contributors.

The referral structure is designed to increase liquidity growth and broaden global participation. Many community members are using referral participation as an additional allocation strategy while supporting project expansion across new regions.

Final Allocation Phase Before PayFi Infrastructure Goes Live

Remittix is entering one of the most time-sensitive phases of its rollout as the PayFi platform launch approaches. With security verification completed, exchange partnerships revealed and wallet infrastructure already deployed, the ecosystem is transitioning toward full payment network deployment.

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With over 93% of token allocation already secured, remaining access is narrowing rapidly. The 300% email allocation multiplier continues to drive strong participation as investors race to secure remaining availability.

As infrastructure rollout accelerates, the final allocation phase is expected to close quickly, marking one of the last opportunities to secure expanded RTX participation before broader ecosystem activation begins.

Discover the future of PayFi with Remittix by checking out their project here:

Website: remittix.io

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Socials: https://linktr.ee/remittix


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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XRP Sees Impressive Recovery Wick With Massive 37% Price Surge: Here’s Why

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XRP Sees Impressive Recovery Wick With Massive 37% Price Surge: Here's Why


Ripple’s token has also surpassed BNB in terms of market cap after its sublime surge.

It was just hours ago, less than a day, when we wrote about XRP’s spectacular collapse as the asset plummeted to $1.11 for the first time since before the US presidential elections at the end of 2024.

This meant that it had shed over 50% of its value in a month as it peaked at $2.40 on January 6. Oh, how the landscape in crypto can change in hours sometimes, not even days or weeks.

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What happened with XRP’s price since that local low has been nothing short of amazing. There were some signs about a potential rebound, such as the plummeting RSI metric, but even the most vocal XRP bulls were probably surprised by the extent of the rally.

After all, the cross-border token skyrocketed by 37% in about 18 hours – going from the aforementioned low to $1.54 before it faced some resistance and now trades around $1.50. This still represents a 34% surge in less than a day.

Santiment also weighed in on the token’s performance. The analysts acknowledged XRP’s rise in terms of market cap as well, as it now sits above BNB as the fourth-largest crypto asset.

They blamed the massive price pump in the past several hours on the overall network stability and growing activity on the XRP Ledger. Moreover, they showcased a chart indicating that Ripple whales went on an accumulation spree, with almost 1,400 separate $100K+ whale transactions (the highest in four months).

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The ETF behavior will also be interesting to compare, but we would need to verify the data at the end of the trading day in the US. Preliminary data on SoSoValue shows a minor net inflow even for yesterday, but there’s no official confirmation as of yet, which is rather surprising.

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Galaxy Authorizes $200M Share Buyback Amid Crypto Market Downturn

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Coinbase, Bitcoin Price, Stocks, MicroStrategy

Galaxy Digital Inc. (Nasdaq: GLXY) has authorized a share repurchase program of up to $200 million, allowing the company to buy back its Class A common stock over the next 12 months.

According to a company announcement, the repurchases may be conducted on the open market or through privately negotiated transactions, including under Rule 10b5-1 trading plans, and remain subject to applicable securities laws and exchange rules. The program does not obligate Galaxy to repurchase any shares and may be suspended or discontinued at any time.

The buyback program has a term of 12 months and, if conducted on the Toronto Stock Exchange, remains subject to regulatory approval under a normal course issuer bid. Purchases made on Nasdaq would be capped at 5% of Galaxy’s outstanding shares at the start of the program, according to the announcement.

Galaxy is listed on the Nasdaq and the Toronto Stock Exchange and operates across digital asset trading, asset management, staking, custody and data center infrastructure. The company did not disclose how much of the $200 million authorization it expects to use, or when repurchases might begin.

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Mike Novogratz, founder and CEO of Galaxy, said the company is “entering 2026 from a position of strength,” adding that its balance sheet and ongoing investments give it flexibility to return capital when management believes the stock is undervalued.

The news comes three days after Galaxy reported a net loss of $482 million for the fourth quarter of 2025 and a $241 million loss for the full year, citing lower digital asset prices and about $160 million in one-time costs.

At the time of writing, shares of Galaxy were up about 17% over 24 hours, but remained down about 25% for the month, according to Yahoo Finance.

Coinbase, Bitcoin Price, Stocks, MicroStrategy
Source: Yahoo Finance

Related: Optimism passes buyback proposal to bolster OP token

Market downturn impacts crypto stocks

Galaxy’s recent share-price decline reflects a broader pullback across crypto-related equities, as Bitcoin has fallen over the past month from January highs above $97,000 to to a low of about $60,300 on Thursday.

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Shares of Coinbase Global (COIN) were down about 36% over the past month, while Circle Internet Group (CRCL) fell about 34% over the same period and about 65% over six months.

Coinbase, Bitcoin Price, Stocks, MicroStrategy
Source: Yahoo Finance

Strategy (MSTR), the largest public holder of Bitcoin with 713,502 BTC on its balance sheet, has fallen about 20% over the past month and nearly 68% over six months. Cointelegraph reported Thursday that the company posted a $12.4 billion net loss in the fourth quarter of 2025.

Coinbase, Bitcoin Price, Stocks, MicroStrategy
Source: Yahoo Finance

Bitcoin mining stocks have also declined, with MARA Holdings (MARA) down about 27% over the past month and about 52% over the past six months, while IREN Limited (IREN) is down about 8% on the month.

Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation: Santiment founder