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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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Crypto World

HYPE Price Hits $33.98 with $1.25B Volume Amid Strong Bullish Momentum

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • HYPE price rises to $33.98 with a 5.69% gain in the last 24 hours, showing strong market activity. 
  • Weekly gains reach 13.52%, signaling increasing investor confidence and positive market momentum. 
  • $1.25B trading volume indicates high liquidity and sustained active participation from traders. 
  • Accumulation zones and chart structure support potential continued upward price movement.

 

The price of Hyperliquid (HYPE) is $33.98 today with a 24‑hour trading volume of $1,256,990,922. This represents a 5.69% increase in the last 24 hours and a 13.52% gain over the past week. 

HYPE’s current trading dynamics underscore heightened trading activity and renewed interest in the asset’s trend trajectory. 

Shorting Strength and Accumulation Setup

HYPE reached $50 after moving along the upper boundary of a rising channel. Momentum indicators clearly showed weakening strength, and repeated attempts to push higher were met with selling pressure. 

This structure allowed traders to identify a short opportunity at $50. The short strategy targeted the $20 demand zone while ignoring intraday noise and social sentiment. 

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Price respected this zone precisely, resulting in a 60% decline. Spot trading without leverage ensured risk remained controlled, demonstrating disciplined execution instead of emotional reaction.

After the price drop, HYPE entered the $20–$15 accumulation zone. This region coincided with previous high-volume support levels and long-term structural lows. 

Retail sentiment had incorrectly anticipated further declines to much lower levels, but the chart indicated selling pressure was nearly exhausted.

Price began consolidating and absorbing supply, confirming this as an optimal accumulation point. Buyers could establish positions without chasing price, allowing a stress-free entry.

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This accumulation phase reinforced the importance of timing trades according to structure rather than market noise.

Shorting into strength and identifying the accumulation zone together formed a high-probability setup. Traders following trend channels and structural support avoided emotional trading and ensured disciplined entry points, laying the foundation for the next phase of the cycle.

Long Flip and Controlled Bullish Expansion

Once short profits were secured, the bias flipped long at $20. Traders maintained spot positions without leverage, reducing risk and avoiding unnecessary stress. 

Price steadily advanced to $35–$38, achieving an 86% gain from the accumulation entry. February derivatives data showed OI-weighted funding rates largely positive, signaling sustained bullish participation. 

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Occasional red dips coincided with minor pullbacks, which were quickly absorbed as the price reclaimed higher levels. This pattern reflected a balanced and controlled market expansion.

Funding spikes near the $35–$38 zone remained contained. This indicated market participants were positioning for continuation rather than overleveraging. 

Price respected structure while forming higher lows and reclaiming mid-channel ranges, creating a predictable environment for trend-following traders.

This phase highlights disciplined execution. Controlled entries based on accumulation, trend channels, and monitoring derivatives data ensure stress-free, sustainable gains. 

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Traders following this structured approach benefited from predictable price action while minimizing risk.

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A $5,000 investment in Remittix could turn into $25,000 this month

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A $5,000 investment in Remittix could turn into $25,000 this month

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Remittix gains attention with live utility and 300% bonus, attracting selective investors amid market turbulence.

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Summary

  • Remittix leads the crypto rotation with live PayFi utility, a 300% bonus, and $28.9m raised in private funding.
  • Built on Ethereum, Remittix targets $19 trillion cross-border payments, enabling real-time crypto-to-fiat transfers globally.
  • Investor confidence rises as Remittix completes CertiK audit, ranks top on Skynet, and secures BitMart and LBank listings.

This week in Crypto has been characterized by heavy selling on centralized exchanges as Bitcoin dropped to new lows in 2026 following the violation of key support levels. Risk appetite has calmed down a lot, and fund managers of top institutions are also rebalancing their portfolios as macroeconomic challenges continue to hit many digital assets. 

The majority of altcoins have followed the same free-fall Bitcoin has shown, and with correction taking place, capital flows now paint a more stratified image. An increasing number of investors are choosing to place selective investments in projects that show real progress, solid schedules, and strong asymmetric potential.

One name now dominating that rotation is Remittix, a PayFi-focused Ethereum protocol that is rapidly gaining attention thanks to a rare combination of live utility and a time-limited 300% bonus window that analysts say materially changes the short-term risk-reward profile.

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Remittix’s PayFi model is built for real adoption, not market cycles

Remittix is positioning itself squarely at the intersection of crypto and real-world finance. Built on Ethereum, the protocol is here to bridge the inefficiencies that businesses and individuals encounter when trying to send money internationally.

The top Defi project is on course to become one of the biggest players in the $19 trillion global cross-border payments market, enabling direct crypto-to-fiat transfers with real-time settlement to bank accounts in 30+ countries, providing real-time utility to businesses, merchants, and individual clients. This execution-only strategy is among the reasons why investor interest has been so strong despite the broader markets retreating.

Strong backing has also helped boost confidence. According to recent reports, Remittix has already raised over $28.9 million in private capital, which reflects continued involvement of institutional and high-net-worth investors. 

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On the exchange front, listings on BitMart and LBank are already confirmed, with additional centralized exchange discussions reportedly ongoing. From a security standpoint, the project has completed a full CertiK audit and currently holds a leading pre-launch ranking on CertiK Skynet, adding an independent layer of credibility at a time when trust matters.

Remittix latest bonus incentive fuels aggressive capital influx

While infrastructure and adoption underpin the long-term thesis, near-term momentum around Remittix is being driven by its active deposit incentive tied to the native RTX token. According to official project updates, participants can receive up to a 300% bonus on qualifying deposits, one of the most aggressive incentive structures currently available in the market.

This dynamic is why some analysts suggest scenarios where relatively modest capital allocations can be meaningfully amplified during the campaign window. With the bonus applied, a $5,000 deposit can translate into substantially higher effective token exposure, creating a setup that many market commentators have described as unusually favorable under current conditions.

Additional factors reinforcing momentum include:

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  • Confirmed listings on BitMart and LBank
  • Live crypto-to-fiat settlement across 30+ countries
  • A growing and active global holder community
  • A functional Remittix wallet is already live
  • A clear roadmap centered on measurable PayFi adoption

February 9, 2026 PayFi launch anchors the long-term thesis

Beyond the bonus-driven surge, Remittix has confirmed that its full PayFi platform will officially go live on February 9, 2026. That milestone provides a concrete timeline, something increasingly valued as markets mature and speculative narratives lose favor.

As volatility reshapes capital allocation strategies, investors are becoming more selective. Projects with audited security, working products, exchange access, and real-world relevance are increasingly separated from the noise. With its PayFi infrastructure already live and a limited-time bonus amplifying early exposure, Remittix is being framed less as a short-term trade and more as a calculated positioning play ahead of broader adoption.

For more information, visit the official website, and socials.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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XRP price risks drop to 50 cents, single-print candle theory holds

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XRP price risks drop to 50 cents, single-print candle theory holds - 1

XRP price remains vulnerable to further downside as unresolved single-print imbalances continue to exert technical pressure toward the $0.50 support zone.

Summary

  • Value area low has been lost, confirming bearish continuation
  • Single-print imbalance remains unfilled, acting as a downside magnet
  • $0.50 is critical support, where a potential macro pivot may form

XRP (XRP) price action has turned decisively bearish following an impulsive move to the downside, with structural weakness continuing to dominate the chart. After losing key value levels, the market has failed to regain bullish control, despite short-lived buying reactions.

From a long-term perspective, XRP appears to be trading within a broader corrective phase, with unfinished price structures remaining exposed below current levels.

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One of the most notable technical features influencing the current outlook is the presence of a single-print candle imbalance. This structure, which often acts as a magnet for price, suggests that XRP may need to trade lower to complete unfinished auction activity before any meaningful macro pivot can occur.

XRP price key technical points

  • Value area low has been lost, confirming bearish continuation
  • Single-print imbalance remains partially unfilled, creating downside magnet
  • $0.50 marks the base of the single-print structure, a critical high-timeframe level
XRP price risks drop to 50 cents, single-print candle theory holds - 1
XRPUSDT (1W) Chart, Source: TradingView

XRP’s decline accelerated after the price failed to hold above the value area low, a key indication that buyers were unable to maintain acceptance at higher prices. Once this level was lost, the price fell aggressively, producing a bearish impulse that established a new swing low around $1.11.

Although price has since printed a buying tail, suggesting short-term demand, this reaction has not altered the broader market structure. Lower highs and weak follow-through continue to define price behavior, indicating that any upside moves remain corrective rather than trend-changing. As long as XRP remains below reclaimed value, downside risk stays elevated.

Understanding the single-print candle imbalance

Single-print candles occur when price moves rapidly through a zone without sufficient two-way trade, leaving behind an area of inefficiency. From a market profile and auction theory perspective, these zones are often revisited as price seeks to rebalance and complete unfinished business.

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In XRP’s case, a high-timeframe single-print structure has been exposed, with only part of the imbalance filled during the recent decline. The upper portion of the single prints has already been retraced, but the base of the structure remains open. This unfinished area is located near the $0.50 level, creating a strong technical incentive for price to rotate lower.

Historically, markets show a high probability of revisiting these imbalances, particularly when broader structure aligns with bearish momentum, as is currently the case with XRP.

$0.50 emerges as a critical support zone

The $0.50 region is not only the base of the single-print candle but also aligns with a high-timeframe support zone. This convergence increases the importance of this level and makes it a key decision point for the market.

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A move toward $0.50 would likely represent a continuation of the current corrective phase rather than a breakdown into uncharted territory. Such moves are often necessary to flush remaining weak hands and reset positioning before a potential macro pivot can form.

However, reaching support does not automatically imply a reversal. The reaction quality at $0.50, including volume expansion, rejection wicks, and structural behavior, will ultimately determine whether XRP can form a durable bottom or continue consolidating at lower levels.

What to expect in the coming price action

From a technical, price-action, and market-structure perspective, XRP remains biased toward further downside until the exposed single-print imbalance is fully resolved. The $0.50 level stands out as the most likely target for this rebalancing process and a zone where the market may attempt to establish a macro pivot.

If price reaches this level and shows strong acceptance and demand, it could mark the beginning of a broader base-building phase. Conversely, a weak reaction or continued acceptance below support would suggest prolonged consolidation before any sustained recovery.

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For now, XRP remains structurally weak despite a short-term balance, with incomplete auction dynamics favoring a continuation of the lower trend. Traders should closely monitor how price behaves as it approaches the $0.50 region, as this area is likely to define the next major phase of XRP’s market cycle.

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Bitcoin Reclaims $71K, But How Long Will It Hold?

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Bitcoin Reclaims $71K, But How Long Will It Hold?

Key takeaways:

  • Bitcoin’s derivatives signal caution, with the options skew hitting 20% as traders fear another wave of fund liquidations.

  • Bitcoin price recovered some of its Thursday losses, but it still struggles to match the gains of gold or tech stocks amid low leverage demand.

Bitcoin (BTC) has gained 17% since the $60,150 low on Friday, but derivatives metrics suggest caution as demand for upside price exposure near $70,000 remains constrained. Traders fear that the liquidations of $1.8 billion of leveraged bullish futures contracts in five days indicate that major hedge funds or market makers may have blown up.

Aggregate liquidations in Bitcoin futures contracts, USD. Source: CoinGlass

Unlike the Oct. 10, 2025, market collapse that culminated with a record $4.65 billion liquidation of Bitcoin futures, the recent price weakness has been marked by three consecutive weeks of downside pressure. Bulls have been adding positions between $70,000 and $90,000, as aggregate futures open interest increased despite forceful contract liquidations due to insufficient margins.

Bitcoin futures aggregate open interest, BTC. Source: CoinGlass

The aggregated Bitcoin futures open interest on major exchanges totaled 527,850 BTC on Friday, virtually flat from the prior week. Although the notional value of those contracts dropped to $35.8 billion from $44.3 billion, the 20% change perfectly reflects the 21% Bitcoin price decline in the seven-day period. Data indicates that bulls have been adding positions despite the steady price decline.

To better understand if whales and market makers have turned bullish, one should assess the BTC futures basis rate, which measures the price difference relative to regular spot contracts. Under neutral circumstances, the premium should range between 5% and 10% annualized to compensate for the longer settlement period.

Bitcoin 2-month futures annualized premium. Source: laevitas.ch

The BTC futures basis rate dropped to 2% on Friday, the lowest level in more than a year. The lack of demand for bullish leverage is somewhat expected, but bulls will take longer than users to regain confidence even as Bitcoin price breaks above $70,000, especially considering that BTC is still  44% below its all-time high.

Bitcoin derivatives metrics signal extreme fear

Traders’ lack of conviction in Bitcoin is also evident in the BTC options markets. Excessive demand for put (sell) options is a strong indicator of bearishness, pushing the skew metric above 6%. Conversely, when fear of missing out kicks in, traders will pay a premium for call (buy) options, causing the skew metric to flip negative.

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BTC 2-month options skew (put-call) at Deribit. Source: laevitas.ch

The BTC options skew metric reached 20% on Friday, a level that rarely persists and typically represents market panic. For comparison, the skew indicator stood at 11% on Nov. 21, 2025, following a 28% price correction to $80,620 from the $111,177 peak reached twenty days earlier. Since there is no specific catalyst for the current downturn, fear and uncertainty have naturally intensified.

Related: What’s really weighing on Bitcoin? Samson Mow breaks it down

Traders are likely to continue speculating that a major market maker, exchange, or hedge fund may have gone bankrupt, and this sentiment erodes conviction and implies a high probability of further price downside. Consequently, the odds of sustained bullish momentum remain low while BTC derivatives metrics continue to signal extreme fear.