Crypto World
Bitcoin Price Faces Conviction Test Near $70,000 Resistance
Bitcoin price is up nearly 5% in the past 24 hours, briefly touching the $70,000 level before pulling back toward $68,000. This rebound helped Bitcoin recover almost 12% from its February 24 low.
But despite this strong move, Bitcoin could not hold above $70,000. This hesitation is not random. It reflects a deeper issue that Dessislava Ianeva, Research Analyst at Nexo, says is still limiting Bitcoin’s recovery. Multiple data points now show that while buy signals are appearing, conviction remains weak. And until Bitcoin clears the $70,000 to $70,800 zone, this recovery may remain incomplete.
Smart Money Signals Price Recovery, But Breakout Still Needs Confirmation
Bitcoin’s recent rebound did not happen without warning. One key indicator called the Smart Money Index (SMI) began rising on February 24. This indicator tracks the trading behavior of informed traders, often linked to strategic positioning. When this index rises, it suggests experienced investors may be positioning early.
The last time this happened was February 13, when the SMI started moving toward the signal line. Back then, the Bitcoin price climbed about 7% over two days.
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This time, the move was stronger. Bitcoin jumped nearly 12%, briefly touching $70,000. At the same time, Bitcoin is now forming what appears to be a cup and handle pattern. This is a bullish structure. It often appears before breakouts.
But the breakout is not confirmed yet. Because Bitcoin is still stuck below the critical upsloping neckline zone between $70,000 and $70,800.
This range now acts as the trigger level. Until Bitcoin crosses it, the pattern remains incomplete.
Nexo Analyst Explains Why Bitcoin Price Recovery Still Lacks Conviction
Despite bullish technical signals, the underlying demand is still weak. Trading volume shows this clearly.
Earlier in February, Bitcoin trading volume reached $125.5 billion. That was during the previous price move. Today, trading volume is around $52 billion. That is more than 58% lower.
Even more importantly, Dessislava Ianeva confirmed this broader trading participation weakness.
“In 2026, BTC average trading volumes are down roughly 17% versus the 2025 average, reflecting subdued market participation,” Ianeva mentioned
This means fewer participants are supporting the move. This is critical because price rallies need strong participation to sustain themselves. At the same time, open interest has also dropped sharply.
Open interest measures the number of futures positions that are active. Earlier in January, open interest stood near $37.5 billion. Now it is around $21.5 billion. That is a 43% drop. This tells us fewer traders are willing to take large positions.
Ianeva added to this finding by saying that:
“Derivatives positioning has normalized and funding conditions have cooled, pointing to orderly deleveraging rather than systemic stress.”
This means the market is stabilizing. But it also means aggressive buying pressure is missing. This helps explain why Bitcoin recovery remains slow.
Long-Term Bitcoin Holders Are Still Selling Despite the Price Bounce
Another major sign of weak conviction, apart from the lack of aggressive buying, comes from Bitcoin’s long-term holders.
The Long-Term Holder Net Position Change metric tracks whether long-term investors are accumulating or selling Bitcoin over a 30-day period. These holders are considered the strongest hands because they typically buy during crashes and sell during market tops.
But right now, they are still selling.
February 24 showed a net reduction of 78,583 BTC on a 30-day rolling basis. That selling has only slightly slowed to 75,911 BTC recently. This is still significantly higher than the 61,431 BTC reduction seen on February 23.
This shows that even as the Bitcoin price rebounded nearly 12%, long-term holders did not shift into accumulation. Instead, they continued distributing supply.
This creates a major problem for the rally. Because sustainable Bitcoin price recoveries usually begin when long-term holders start buying aggressively, not selling.
Dessislava Ianeva also pointed to this broader lack of conviction as part of the macroeconomic (global economic) concerns.
“Macro uncertainty continues to constrain liquidity, even as crypto-specific excess has largely been cleared and the market is in a healthier position.”
This confirms that while Bitcoin’s structure is improving with excess like leverage being cleared out, strong conviction has not fully returned. Until long-term holders stop selling and begin accumulating again, Bitcoin’s upside may remain limited — especially near major resistance zones like $70,000.
Supply Cluster at $70,000–$70,800 Is the Real Bitcoin Price Barrier
The strongest reason Bitcoin stalled near $70,000 comes from on-chain supply data. This data is called URPD, or UTXO Realized Price Distribution. It shows where investors last bought their Bitcoin.
Two major supply clusters exist right now. The first sits near $69,400 and holds about 0.93% of supply. The second sits at $70,600 and holds about 0.60% of supply. Together, this zone contains about 1.5% of the total Bitcoin supply.
That makes it one of the strongest resistance zones. This explains why Bitcoin touched $70,000 but could not stay above it.
Investors who bought earlier at these levels are likely selling to break even. This creates selling pressure. But this also explains why breaking $70,800 could change everything.
Above $70,800, supply becomes significantly thinner, as the last key cluster sitting at $70,600 breaks. This means fewer sellers exist, and if Bitcoin breaks above $70,800, the next major target sits near $78,600. This represents a potential upside of over 11%, as projected by the cup-to-neckline distance.
Also, this level is not random, and the technical resistance aligns with a key URPD cluster as well at $78,200.
However, downside risks still exist as the broader trend for the BTC price points lower. Bitcoin must hold above $65,700 to maintain this bullish structure. If Bitcoin falls below $62,400, the bullish pattern would fail completely.
For now, Bitcoin is stuck at a decision point. Smart money signals show early positioning. But falling trading volume, lower open interest, and strong supply at $70,000 are still blocking the breakout. As the Nexo analyst Dessislava Ianeva explained, the market structure is improving. But conviction is not fully back yet.
WLFI proposes 180-day staking, ~2% APR to align governance and USD1 arbitrage.
Summary
- Unlocked WLFI must be staked at least 180 days to vote.
- Node (10m WLFI) and Super Node (50m WLFI) tiers add OTC USD1 access, incentives.
- Target ~2% APR from treasury; 7-day vote, 1b WLFI quorum for approval.
World Liberty Financial (WLFI) has introduced a governance reform proposal that would require token holders to stake their assets to participate in voting, according to a proposal document released by the organization.
The WLFI Governance Staking System proposes linking influence and rewards to token lock-up duration, representing a potential shift in how governance power is distributed within the WLFI ecosystem, the document stated.
Under the proposal, holders of unlocked WLFI tokens would be required to stake their tokens for a minimum of 180 days to vote on governance matters. Voting power would be calculated using a square root formula that factors in both the amount of tokens locked and the remaining duration of the lock-up, according to the proposal.
Participants who stake their tokens and vote at least twice during their lock period would be eligible for a base reward of approximately 2% annual percentage rate, funded directly from the WLFI treasury, the proposal stated.
The proposal introduces two participation tiers for large stakeholders. The Node Tier would require a minimum stake of 10 million WLFI tokens and provide access to over-the-counter conversion pathways for stablecoins such as USDT and USDC into USD1, along with additional rewards tied to conversion volume, according to the document.
The Super Node Tier would require a minimum stake of 50 million WLFI tokens and provide priority access to the WLFI team for partnership discussions and potential economic incentives, the proposal stated.
According to the proposal document, the system aims to redirect arbitrage value back into the ecosystem. The proposal states that institutional market makers captured a significant portion of arbitrage opportunities during the expansion of the USD1 stablecoin.
The proposal is open for a seven-day community vote and requires a minimum quorum of 1 billion eligible voting tokens to pass. If approved, implementation would roll out in three phases, beginning with the activation of governance staking for all holders of unlocked WLFI tokens, according to the proposal.
- Centrifuge price exploded by more than 180% to hit highs of $0.25.
- The sharp rise followed as news of CFG trading going live on Upbit.
- Profit-taking threatens to wipe out all the intraday gains as the price hovers near $0.16.
Centrifuge (CFG) has surged dramatically in the past 24 hours, posting gains of over 180% amid excitement over its listing on South Korea’s largest crypto exchange, Upbit.
Notably, the rally aligns with broader market gains, as Bitcoin climbed about 7% to near $70,000 before settling around $68k as of writing.
Several top altcoins also posted positive moves, including Ethereum’s uptick to above $2,000 despite continued selling by co-founder Vitalik Buterin.
On-chain data shows whale accumulation is picking up and could surge as price breaks above the $2k level.
CFG is up amid this potential market bounce, with the Upbit listing a major catalyst.
However, the overall crypto market sentiment remains cautious, and profit-taking could see a sharp pullback for several altcoins.
Centrifuge price rockets on Upbit listing news
Upbit, South Korea’s leading crypto exchange, announced that trading support for CFG would go live on February 26, 2026, at 2 PM KST.
The exchange added spot pairs against KRW, BTC, and USDT, and revealed that deposits and withdrawals would be available shortly after the announcement.
Upbit boasts a massive user base and liquidity, and these factors have historically seen listed tokens pump hard.
CFG’s price rose sharply amid the potential flip in visibility and adoption.
The token’s value jumped from around $0.08 to over $0.25, with trading volume spiking over 4,000% to $79 million.
With assets like Polkadot, NEAR, and Uniswap trending among the top 10 gainers, it’s Centrifuge’s vertical jump that stood out.
CFG market cap ballooned past $120 million before slipping lower as prices retreated from the intraday highs.
Centrifuge price forecast
Centrifuge is a crypto project focused on tokenizing real-world assets (RWAs), a market that’s attracting huge attention.
The CFG token powers governance on the platform, allowing holders to participate in protocol decisions.
Despite market potential, its price has largely followed the bearish trend across crypto.
A short-term upside tied to Upbit’s liquidity influx helped bulls revisit prices last seen in October 2025.
If Korean inflows persist, buyers could test higher resistances around $0.30 and move to $0.40.
However, broader profit deals have already seen CFG pull back, currently trading near $0.16.
The MACD suggests bullish sentiment, but an extended RSI signals overbought risks.
If prices fall below the 50-day and 100-day simple moving average lines, the nosedive could accelerate to $0.10 or lower.
Key insights:
- Perplexity Computer combines research, coding, design, and deployment in one system, reducing reliance on multiple AI tools.
- The company shifts to subscriptions and expands features, including patents search, shopping, and Galaxy voice assistant support.
- AMD and Meta sign a long-term AI infrastructure deal using Instinct GPUs and custom chips to power large-scale model training.
Perplexity introduces unified AI workspace
Perplexity AI unveiled Perplexity Computer, a platform that manages projects from idea to deployment inside a single environment. The system allows users to research information, design products, write code, and launch applications without switching services.
Introducing Perplexity Computer.
Computer unifies every current AI capability into one system.
It can research, design, code, deploy, and manage any project end-to-end. pic.twitter.com/dZUybl6VkY
— Perplexity (@perplexity_ai) February 25, 2026
The company reported that the platform also monitors live operations after deployment. Developers can review performance and adjust workflows directly within the interface. Perplexity aims to reduce fragmented workflows that often slow production across multiple AI tools.
Expanding products and subscription strategy
Perplexity has diversified its products over the last one year. In October 2025, it published Perplexity Patents, a component that enables end-users to query filings of global intellectual property using natural language queries. The tool is aimed at researchers, startups and law firms in need of quicker patent analysis.
The firm also partnered with Samsung to integrate its assistant, branded “Hey Plex,” into Galaxy devices. Meanwhile, U.S. Pro users gained an in-app shopping feature linked with commerce platforms such as Shopify. The company ended advertising trials and moved toward a subscription model, citing trust and answer neutrality as priorities.
AMD and Meta scale AI infrastructure
Separately, AMD (NASDAQ: AMD) and Meta (NASDAQ: META) announced a multiyear AI infrastructure agreement valued by analysts near $100 billion. AMD will supply up to six gigawatts of Instinct GPUs for training and inference workloads in Meta’s systems.
The companies will coordinate silicon, hardware systems, and software development to improve efficiency. Meta will also receive custom chips based on AMD’s MI450 architecture. Initial shipments are scheduled for the second half of the year.
Meta already operates millions of AMD EPYC processors and large numbers of MI300-series GPUs. The new agreement expands collaboration within the Open Compute Project and strengthens Meta’s computing capacity for future AI models.
As the USD/JPY chart shows, the pair posted solid bullish momentum in the second half of February. This move was driven by a combination of fundamental factors, including:
→ The appointment of two academics to the central bank’s board, both regarded as strong advocates of economic stimulus through a weaker yen and accommodative lending conditions.
→ Concerns over further interest rate hikes, voiced by Japanese Prime Minister Sanae Takaichi during a meeting with Bank of Japan Governor Kazuo Ueda.
Expectations of a softer yen led to renewed weakness in the currency (A→B), forming the upward trajectory highlighted in purple.
However, on Wednesday the pair retreated, which appears to be an interim pullback from point B. Technical analysis of the USD/JPY chart suggests that extending the move along the purple trajectory may prove challenging.
Factors that could favour the bears include:
→ The median line of the ascending channel (constructed from key reversal points marked by thicker lines). The median often acts as a balance zone where supply and demand converge and trends lose momentum.
→ The proximity of the significant 157.70 resistance level, which already acted as resistance in 2025. Although price broke above it in January 2026 (with the level briefly showing signs of support), following the sharp sell-off on 23 January it once again served as a barrier for bulls on 9 February.
→ Trend line R, drawn through the lower highs of 2026.
Therefore, it cannot be ruled out that the lower purple boundary may be breached by bears, potentially leading the market into a period of consolidation while awaiting fresh economic and political catalysts.
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The US Office of the Comptroller of the Currency (OCC) has dropped a 376‑page proposal to implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act that looks to settle the ongoing stablecoin yield fight.
The proposal is open to public comment for 60 days from Wednesday’s publication date, and sets out detailed rules for permitted payment stablecoin issuers under the OCC’s jurisdiction.
Supervised entities would be barred from paying any form of interest or yield, whether in cash, tokens, or other consideration, “solely in connection with the holding, use, or retention” of a payment stablecoin, consistent with section 4(a)(11) of the GENIUS Act.
Thania Charmani, partner at global law firm Winston & Strawn, commented on X that the OCC proposed to “resolve the debate on stablecoin yield through rulemaking,” potentially clearing the way for the Digital Asset Market Clarity Act of 2025 (CLARITY) to “proceed without that provision.”
How the OCC proposal implements GENIUS on yield
GENIUS, enacted in July 2025, created a federal framework for payment stablecoins and restricted issuance in the US to licensed permitted issuers such as bank subsidiaries, new federal stablecoin issuers, and certain large state‑regulated firms.
The OCC’s draft rule translates that statutory framework into operational constraints, including tight limits on how GENIUS‑regulated issuers can structure economics around their stablecoins.
The proposal goes a step further, adding a rebuttable presumption that an issuer is violating the ban on paying yield if it has an arrangement to pay yield to an affiliate or “related third party” and that entity then pays yield to holders of the issuer’s payment stablecoin.
Related: Ripple CEO confirms White House meeting between crypto, banking reps
Issuers can try to rebut the presumption by submitting written materials to the OCC, but the agency stresses the “close nexus” between issuer payments and end‑holder yield and frames such structures as “highly likely” attempts to evade the statute.
The proposal also draws two explicit carve‑outs. It “is not intended to prevent” merchants from independently offering discounts for using payment stablecoins, and it does not bar an issuer from sharing profits from the stablecoin with a non‑affiliate partner in a whitelabel arrangement.
What the proposal means for CLARITY and Coinbase
If the OCC’s proposed rule is finalized as drafted, it would have direct implications for the separate CLARITY Act debate over stablecoin rewards.
CLARITY drafts have focused on whether digital asset service providers should be allowed to pay yield or rewards on payment stablecoin balances, a point of contention that has already caused friction between industry stakeholders, such as Coinbase.
By using GENIUS implementation to prohibit yield at the issuer level, the banking side of the framework effectively establishes a no‑yield baseline for GENIUS‑compliant payment stablecoins.
For Coinbase and similar firms that have argued they should be able to offer yield on stablecoin balances while operating within a fully regulated US framework, the message is clear:
Stablecoin yield and GENIUS‑compliant, OCC‑supervised payment stablecoins are being put on opposite sides of a regulatory line.
Big Questions: Is China hoarding gold so yuan becomes global reserve instead of USD?
In the traditional DeFi model, capital is often “locked.” Whether it is sitting in a lending vault or providing liquidity in a DEX, that capital is siloed — restricted to one protocol, one function, and one yield source at a time. For users, this fragmentation creates a “liquidity trap,” forcing them to manually bridge their assets between platforms, incur high gas costs, and miss out on real-time market opportunities.
Today, Venus Protocol, the leading lending platform on BNB Chain, and Fluid, the pioneers of a connected liquidity architecture that unifies lending, borrowing, trading into a single system of modular liquidity infrastructure, are proud to announce a strategic alliance. Together, we are launching Venus Flux—the first Unified Liquidity Layer designed specifically for the BNB Chain ecosystem.
What is Venus Flux?
Let your liquidity Flux, watch your yield grow.
Venus Flux is not just a new interface, it represents a fundamental re-engineering of how capital moves onchain. By integrating Fluid’s unified liquidity architecture, which connects lending positions, borrowing capacity, and DEX liquidity at the protocol level, Venus Flux introduces a new Smart Liquidity engine for BNB Chain.
Instead of remaining idle, deposited assets are transformed into a dynamic liquidity stream. With a single deposit, users can simultaneously access lending, borrowing, and trading liquidity within one unified system-maximizing capital efficiency without manual coordination.
Core Capabilities: Lend, Borrow, Multiply, Swap
Venus Flux simplifies the complex DeFi landscape into four integrated pillars:
- Lend (Automated Optimization): Users can supply assets to the Liquidity Layer through Lend. These funds are deposited into a shared, protocol-agnostic pool that can be utilized across the entire stack, automatically routing capital to optimized yield sources without requiring users to manage multiple positions.
- Borrow (Capital Efficiency Redefined): Leveraging Fluid’s advanced liquidation engine, users can access higher Loan-to-Value (LTV) ratios than previously possible on BNB Chain, allowing for greater borrowing power with lower liquidation friction.
- Multiply (One-Click Leverage): For power users, the Multiply feature automates complex looping strategies. Amplify your exposure and yield with a single transaction, removing the need for tedious manual cycles.
- Swap (Integrated Liquidity & Execution): The native DEX embedded into the protocol allows users to swap directly within Flux, enabling efficient position rebalancing, liquidation handling, leverage execution and unwinding. By integrating swaps at the protocol layer, Flux minimizes friction, reduces transaction overhead, improves liquidation outcomes and ensures optimal execution across Lend, Borrow, Multiply and flows.
The Innovation Frontier: Smart Debt & Smart Collateral
The defining strength of Venus Flux lies in its proprietary “Smart” features that unite lending and trading into one fluid experience:
- Smart Collateral： Traditionally, collateral is “dead” capital. With Venus Flux, your collateral works double-time. It can simultaneously act as liquidity in a DEX (earning swap fees) while continuing to back your loan. This creates a multi-layered yield stack from a single capital base.
- Smart Debt：It allows you to turn your borrowed funds into productive liquidity by routing them into DEX AMM positions. Rather than being purely a cost, the debt can earn trading (LP) fees, which can offset the borrowing cost (APR). In certain market conditions, it may even generate positive yield—so you can borrow while still being paid.
How the Liquidity Layer Works Under the Hood
The Liquidity Layer serves as the core of the overall architecture, holding and managing all system-wide liquidity. All ledger states and accounting are unified and settled at this layer, ensuring a single, reliable source of truth across the system.
When users deposit assets, those funds can be automatically rebalanced across different protocols without requiring manual intervention. For example, assets designated as Smart Collateral are recorded as supplied liquidity within the lending index system while simultaneously being deployed as LP positions in DEX protocols.
These assets dynamically rebalance according to AMM mechanics, allowing capital to shift as needed. Thanks to the Liquidity Layer, users do not need to manually move assets between protocols—their positions are automatically reconciled and reflected in their balances through the unified settlement layer.
Because liquidity is shared across protocols, Smart Collateral can earn lending yield while simultaneously capturing DEX LP fees, significantly improving overall capital efficiency.
A Strategic Alliance for the BNB Ecosystem
This collaboration combines the strengths of two DeFi powerhouses. Venus Protocol provides the liquidity depth and long-standing trust of a BNB Chain pioneer, while Fluid provides the technological velocity to make that liquidity smarter and more efficient.
“Venus Flux represents a leap forward in our mission to provide the most robust and capital-efficient money markets on BNB Chain,” said Leon, Head of BD at Venus Labs.
“By partnering with Fluid, we are delivering a more advanced lending market experience to our users while introducing a new DEX product within the Venus ecosystem.”
“Venus Protocol is the biggest and most trusted money market on BNB Chain, with scale and real user demand that few protocols achieve,” said Samyak Jain, Co-Founder and CTO at Fluid.
“Bringing Fluid’s Liquidity Layer to Venus Flux is exciting because it allows that liquidity to move more efficiently across lending, borrowing, and trading — unlocking institutional-grade market mechanics for institutions, professional traders, and retail users alike.”
The Future of BNB Chain Starts Now
Venus Flux is now live, paving the way for a more liquid, transparent, and optimized financial future on BNB Chain. Whether you are a retail user looking for a “set-and-forget” yield or a DeFi native seeking to push capital efficiency to its limit, the era of Unified Liquidity has arrived.
Experience the FLUX. Grow your yield. Visit Venus Flux to get started.
About Venus Protocol
Venus is the leading lending protocol on the BNB Chain. Established in 2020, Venus was the first lending protocol and continues to provide the deepest lending liquidity for key assets on the BNB Chain.
About Fluid
Fluid is the world’s most capital-efficient Liquidity Layer for finance that can support an entire ecosystem of financial products on top of it. Connects lending, borrowing, trading and more financial products into one seamless onchain system.
With $5B+ in Total Market Size and $190B+ in cumulative volume, Fluid is redefining capital efficiency across finance.
Crypto World
Is Jane Street holding Bitcoin below $150K? Jeff Park explains the “grey window” in ETFs
As Bitcoin enthusiasts question why the digital asset hasn’t yet hit the $150,000 milestone despite massive ETF inflows, Jeff Park, Head of Alpha Strategies at Bitwise, has provided a sobering look at the plumbing of the financial system.
Summary
- Jeff Park, Head of Alpha Strategies at Bitwise, argues Bitcoin’s failure to hit $150,000 isn’t manipulation but ETF structure.
- Authorized Participants (APs) can hedge ETF exposure using futures instead of buying spot Bitcoin, weakening the direct link between ETF inflows and price appreciation.
- The shift to in-kind redemptions and OTC sourcing may reduce public exchange buying pressure, potentially muting Bitcoin’s explosive upside.
Bitwise’s Jeff Park says Bitcoin ETFs, not Wall Street, are capping BTC price
In a detailed post on X, Park argues that the “villain” isn’t a single firm like Jane Street, but rather the structural architecture of the Bitcoin (BTC) ETF itself.
According to Park, Authorized Participants (APs) operate within a “grey window” of Regulation SHO. While standard traders must locate shares before shorting, APs are exempt due to their role in creating and redeeming ETF shares.
This allows them to maintain positions with a level of capital efficiency and duration that is “indistinguishable from a regulatory arbitrage.”
The most critical revelation involves how these institutions hedge. Typically, an arbitrageur would buy spot Bitcoin to close a price gap.
However, if an AP chooses to hedge using Bitcoin futures instead of the underlying asset, the “spot was never bought.” This breaks the link between ETF demand and spot price appreciation.
Furthermore, the recent transition to “in-kind” redemptions has removed the “structural governor” that previously forced spot buying. APs can now source Bitcoin through private OTC desks with minimal market impact, effectively bypassing the public exchanges where price discovery happens.
Park concludes that while no firm is explicitly “manipulating” the market, the current regulatory framework, designed for traditional assets, is fundamentally at odds with Bitcoin’s mission.
The result is a system where the “middle” of the trade escapes categorization, potentially muffling the explosive price growth investors expected.
XRP is hovering around the $1.43–$1.46 region after a volatile February, with traders closely watching for signs of a broader trend reversal. One analyst now believes the token is on the verge of entering what he calls a “Phase 4” rally.
Summary
- A trader predicts XRP is nearing a “Phase 4” rally, citing a potential golden cross and bullish candlestick shift.
- XRP must break above its 50-day SMA to confirm short-term bullish momentum.
- Failure to hold current levels could invalidate the bullish retest and expose $1.20 support.
In a recent post, the trader said: “A trend reversal signal for XRP is imminent.”
The trader’s long-term chart outlines a multi-cycle structure divided into four phases. Historically, Phase 1 marked accumulation and breakout, Phase 2 a corrective consolidation, and Phase 3 a prolonged compression within converging trendlines.
The current structure shows XRP price recently breaking above a multi-year symmetrical triangle before pulling back toward the upper trendline, a classic retest scenario.
The highlighted “Phase 4” zone projects an expansion phase targeting previous all-time highs first (TP1: ATH), followed by an extended Fibonacci projection near $21.5 (TP2: 6.618), though such levels remain highly speculative.
XRP price tests key resistance as momentum slowly rebuilds
On the daily timeframe, XRP’s price action shows stabilization after a sharp drop earlier this year. The 14-day RSI sits near 44, recovering from oversold territory but still below the neutral 50 mark, suggesting momentum is improving but not yet decisively bullish.
Meanwhile, XRP remains below its 50-day simple moving average (SMA), currently near $1.69, which acts as immediate resistance. A sustained move above this level could strengthen the bullish case and confirm short-term reversal momentum.
On the downside, key support lies near $1.30–$1.35, with stronger structural support around $1.20. A breakdown below those levels would invalidate the bullish retest narrative.
For now, XRP sits at a technical crossroads with traders watching closely to see whether this is merely consolidation or the beginning of Phase 4.
The Core Team said they continue with the updates, and the latest is right around the corner.
Despite the ongoing community backlash and questions regarding the migration state, the team behind Pi Network announced a new set of protocol upgrades that are currently in progress, and the deadline is March 1.
In the meantime, the native token has been quite volatile as of late, and we will review its most recent performance.
March 1 Deadline for Nodes
Similar to the updates outlined by the team in mid-February, the new protocol improvements will be rolled out gradually. In this second step, the deadline is set for the upcoming Sunday (March 1).
As with the February batch, all network nodes are required to complete this step before the deadline to “remain connected to the network.”
Protocol upgrades in progress (Step 2 – Deadline: March 1): The Pi Mainnet blockchain protocol continues to undergo a series of upgrades. All Mainnet nodes are required to complete this step before the deadline to remain connected to the network. Details here:…
— Pi Network (@PiCoreTeam) February 25, 2026
The explanatory post actually refers users to the Pi Nodes page on the project’s website. In it, the team reiterates previous statements about the importance of nodes within the Pi Network ecosystem, as they referred to them as the “fourth role.” Once again, they reminded that nodes have to run on laptops and desktops instead of mobile phones.
Pi Nodes, similar to other blockchains, are responsible for validating transactions on the distributed ledger and resolving challenges in maintaining a “distributed currency by having to come to a “consensus” on the order of new transactions that are being recorded.”
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In Pi Network’s case, the consensus algorithm is based on SCP, which allows nodes to form trusted groups, referred to as quorum slices, and only agree to transactions that are in complete alignment.
“Unlike most other crypto projects, the Pi Node will continue to follow the philosophy of user-centric design. Instead of requiring deep technical knowledge to set up a node, everyday people will be able to do that by installing a desktop application on their computers,” said the team.
PI Price Update
Pi Network’s native token went through some intense volatility in the past few weeks, which included a sporadic 35% daily surge a few weeks back that pushed it beyond $0.20. However, it was quickly rejected there and driven to under $0.16 during the market-wide crash earlier this week.
With BTC and the alts rebounding yesterday and today, PI followed suit and now sits inches away from $0.17. The upcoming unlocking schedule has some troubling news for next week, but the following several days should ease the pain, with around 5.5 million tokens to be released daily.
On March 7, though, that amount will skyrocket to almost 22 million, followed by 16.5 million a day later. These large unlocks could increase the immediate selling pressure.
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DOT, STABLE, and UNI have rocketed the most in the past day, with gains of over 20% in some instances.
After dumping to a new local bottom of $62,500, bitcoin went on a tear yesterday, surging by over eight grand to $70,000, where it faced immediate selling pressure.
Many altcoins have produced even more impressive gains over the past day, with ETH reclaiming the $2,000 level, and ADA surging by double digits to almost $0.30.
BTC Tapped $70K
After last week’s rejection at $70,000, bitcoin spiraled down for a few consecutive days and dipped to $65,600 last Thursday. It reacted well to this decline and jumped toward $69,000 during the weekend, where it was stopped again after the latest developments on the tariff front, prompted by the US Supreme Court and the subsequent Trump actions.
Although BTC remained relatively still at first, it plunged when the legacy futures markets opened. In just over an hour, the asset plummeted to $64,400 before it rebounded to $66,400.
That appeared to be a dead-cat bounce, and BTC quickly began to lose value again. This time, the nosedive drove it to a three-week lot of $62,500. The bulls finally stepped up decisively at this point and prevented another leg down. Just the opposite; bitcoin exploded out of the gate and soared to $70,000 for the first time in over a week.
It couldn’t break above that level, and has declined by two grand since. However, it’s still 4.5% up on the day, and its market cap has returned to $1.360 trillion on CG. Its dominance over the alts remains inches above 56%.
Alts Rocket
Ethereum, which some analysts believe might have already bottomed out, is back above $2,000 after an impressive 8% daily surge. XRP has reclaimed the $1.40 line after a 5.5% pump. SOL, DOGE, CC, BNB, and HYPE have marked similar gains, while LINK has soared by 9%.
ADA has outperformed the rest of the larger-cap alts. A 10% surge has driven it to almost $0.30. DOT is today’s top performer, having soared by 24% to roughly $1.60. STABLE, UNI, and NEAR follow suit.
The total crypto market cap has recovered $120 billion since the recent low and is up to $2.425 trillion on CG.
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