Crypto World
How Blockchain is Helping Fight the Coronavirus Pandemic
The world is currently facing multifaceted problems due to the emergence of the COVID-19 pandemic, and Blockchain technology is playing a vital role in creating a platform for adequately managing the COVID-19 pandemic.
In this worldwide health crisis, the medical industry is looking for newer technologies to monitor and control the COVID-19. Thus, to monitor and control the spread of any virus, accurate and trustable data are required as they are essential.
However, in the present scenario, the existing technology lacks the trustable data that may provide the correct information about the widespread outbreak. Sources such as public hospitals and clinical laboratories can provide information about the COVID-19 pandemic patients, but the data may not be faithful because it is not monitored and appropriately stored or not collected according to the set guidelines.
To solve these kinds of issues, Blockchain technology can play a vital role in tracking the spread of the coronavirus easily, by identifying high-risk patients, and it is highly competent in controlling the infectionjin real-time. It is defined as a digital database that contains information which can be simultaneously used and shared within an extensive decentralized and publicly accessible network.
Significant benefits of Blockchain technology for COVID-19 pandemic
Blockchain technology enables distributed, encrypted, and secure logging of digital transactions. It is expected to revolutionize computing in several areas, mainly where centralization is unnatural and privacy is essential. It can be leveraged globally to track the spread of the coronavirus infection by deploying a Blockchain network on citizens’ mobile devices.
Blockchain technology has the ability to preserve patient information. It can simplify the fast-tracking of drug trials and record and track all fund-raising activities and donations transparently. So, outbreak tracking, user privacy protection, medical supply chain management, and donation tracking are the various areas in which Blockchain technology can play a vital role in fighting t the COVID-19 crisis.
Digital data storage of COVID-19 patients using Blockchain technology
One of the main issues during this pandemic time is the need for reliable, up-to-date data concerning the outbreak and spread of the novel coronavirus. Blockchain technology can help to resolve this problem very effectively. One of the essential advantages of this technology is it provides verifiable and secure data by using its distributed ledger technology and peer-to-peer networking features.
During this pandemic, this technology is instrumental in recording patient information with COVID-19 symptoms, locations, and the history of health conditions with high privacy. Many platforms have recently been launched which use this technology to facilitate sharing bothinformation and valuable data related to COVID-19.
The World Health Organization (WHO) launched MiPasa in March 2020. It is a Blockchain technology-based platform which facilitates fully private information sharing between individuals, state authorities, and health institutions.
Blockchain technology for public surveillance system during the COVID-19 pandemic
Blockchain technology can successfully track the patient’s moment and provide real-time data about the affected areas and direct fighting efforts. This technology is also useful for the tracking of a person’s movement in a virus-free zone. Government and health organizations can monitor potential patients at every stage by using Blockchain technology reliably and accurately.
Information on safe zones, such as population, location, and current coronavirus outbreak status, is recorded using a chain of blocks in which each block can store an update of the outbreak at a particular time. Combining Blockchain technology with artificial intelligence (AI) and a geographical information system (GIS) can make the public surveillance system more effective and robust.
The Blockchain process for COVID-19 pandemic
Blockchain technology participating nodes are used for patients, testing and clinical laboratories, hospitals, and government sites. Besides, the documents on the digital ledger are the patients’ records, sample test results, treatment status, and discharge summary.
According to the Organization of Economic Cooperation and Development (OECD) (OECD Economic Outlook, Interim Report March: Coronavirus: the world economy at risk, 2020), the global economy has slowed down is now at its slowest since 2009. This is due to the complete shutdown of various sectors such as supply chain, insurance, tourism, agriculture, construction, and automobiles.
Disease control
For infectious disease control and preventing the spread of the pandemic, effective and accurate disease surveillance is necessary. Ebola virus, yellow fever, cholera in Africa, Nipah in Asia, Middle East respiratory syndrome, coronavirus, etc., are diseases that can be monitored and controlled using Blockchain technology. It can be used globally to track the spread of COVID-19 infections among humans and it is carried out by deploying Blockchain network in-country citizens’ electronic devices. During the COVID-19 pandemic, Blockchain technology is essential in supporting the virus victims by recording immutably the patient’s infection symptoms.
Traceability
With Blockchain technology, one can track the infected patient’s movements, provide real-time data about affected areas, and report directly the efforts to fight it. Blockchain technology is also useful in implementing tracking of a person’s movements in virus-free zones. Information on safe zones, such as population, location, and current coronavirus outbreak status, are recorded using the chain blocks.
In this pandemic crisis, maintaining a continuous supply of medicines and food has become a considerable challenge for the healthcare sector, and Blockchain technology has proved very useful in the goods supply chain and trading supply chain. It can ensure the reliability of the medical chain by creating a secure linking between the blocks and transactions. Thus, to maintain privacy in the data of the supply chain, Blockchain encryption is used.
Recently, IBM launched a Blockchain network to bolster the medical supply chain during COVID-19, under the project name “Rapid Supplier Connect.”
Improving the recovery of infected patients
Infected patient’s recovery rate can be improved if they get treatment at the right time. Blockchain technology helps to monitor the quarantine cases effectively at home and in the hospitals. It enables the drug supply faster, which will play an important role in infected patients’ recovery.
During the COVID-19 pandemic, Blockchain can privately record the patient’s symptoms, location, and historical health conditions in a highly effective way. The data block is decentralized over the distributed networks of governments, healthcare professionals, and end-users.
Effective healthcare management during the crisis
A well-designed healthcare management system is necessary to deal with big crises like COVID-19, both in the present and the future. According to the WHO, every month, frontline health responders need more than 89 million masks, 39 million gowns, 76 million gloves, and 2.9 million liters of hand sanitizer to protect themselves and others from COVID-19. Blockchain technology helps to manage the supply of all the above-mentioned items.
The greatest challenge most governments are suffering from is the lack of a precise mechanism that is needed to detect the newly infected cases and predict coronavirus infection risk. So, we need a technology-empowered solution during this COVID-19 crisis.
The various features of Blockchain technology, such as decentralization, transparency, and immutability, can help us to control this pandemic through the early detection of outbreaks, as well as by fast-tracking drug delivery, and protecting user privacy during a patient’s treatment.
Crypto World
Institutional ETF Flows Tilt Toward This Altcoin in February
Solana exchange-traded funds (ETFs) are diverging from broader crypto ETF trends this month. While demand for Bitcoin and Ethereum products has shown signs of cooling, Solana-linked funds have maintained steady inflows.
The shift comes amid heightened volatility in digital asset markets. With macro uncertainty weighing on investor sentiment, ETF flows may be offering a signal of where institutional capital is positioning in the short term.
Solana ETF Streak Stands Out in Volatile Crypto Market
According to data from SoSoValue, Solana ETFs have recorded consecutive inflows since February 10. As of February 24, the products have logged only three red days this month. Overall, the ETFs have pulled in $30.33 million.
The streak stands out against the more uneven performance seen in larger crypto ETFs during the same period.
Bitcoin ETFs have posted mixed results in February. Inflows were recorded on seven trading days this month. Ethereum ETFs have followed a similar pattern, reflecting inconsistent demand rather than sustained accumulation.
Despite those positive sessions, cumulative flows remain deeply negative. So far this month, Bitcoin ETFs’ net outflows stand at $939.94 million. In addition, Ethereum ETFs recorded outflows of $490.58 million.
When compared to other altcoin products, Solana’s performance also appears relatively stronger. XRP-linked ETFs have experienced outflows on three trading sessions this month while recording zero flows on four days.
Although the number of positive sessions is comparable, the consistency of Solana’s streak since mid-February remains notable.
Nonetheless, it is important to contextualize the data. In absolute dollar terms, inflows into Solana ETFs remain smaller than those seen in Bitcoin products.
Bitcoin and Ethereum ETFs continue to command the majority of institutional crypto exposure and overall capital allocation. However, consistency in flows can indicate relative resilience in demand during periods of broader uncertainty.
The steady inflows into Solana products suggest that some investors are maintaining or selectively increasing exposure to higher-beta assets, even as flagship crypto ETFs experience uneven demand. Still, the divergence may reflect short-term capital rotation rather than a structural shift in institutional positioning.
SOL Price Remains Under Pressure
Despite the ETF inflows, Solana’s price performance has continued to reflect broader market weakness. Like most major digital assets, SOL has trended downward over the past month, declining 32.8%.
The altcoin saw a modest recovery today, rising more than 7% as total crypto market capitalization expanded by approximately $32 billion. At press time, SOL was trading at $82.15.
However, technical analysts remain cautious on the asset’s near-term outlook. Market commentator Alejandro suggested that Solana’s next downside target could be $45.
Whale Factor described the token as entering a high-probability “make or break” zone on the 4-hour chart. According to the analysis, SOL’s wedge formation is “reaching maximum exhaustion,” signaling a potential volatility squeeze at a critical inflection point.
The analyst outlined two possible scenarios:
“Bull Case: Clean break and retest of $82 targets the $97-100 macro resistance. Bear Case: Failure to hold the $78 support level opens the door for a retest of $68.”
Whether Solana will extend its recovery or face renewed downside pressure remains to be seen.
Crypto World
Bitcoin Rebounds as Traders Debate Jane Street “10am Price Slam”
Bitcoin (BTC) sought to reclaim $65,000 as support into Wednesday’s Wall Street open as rumors swirled around US institutional pressure.
Key points:
-
Bitcoin bounces 2.5% as talk turns to alleged selling pressure from Wall Street trading company Jane Street.
-
Jane Street rebuts claims of crypto market manipulation during the 2022 bear market.
-
“Razor thin” order books boost BTC price volatility.
Bitcoiners debate Jane Street “10am price slam”
Data from TradingView tracked a BTC price rebound, taking BTC/USD to $66,300 on Bitstamp before the pair consolidated.

Daily price gains remained at more than 2% at the time of writing, while crypto market participants became increasingly interested in potential deliberate BTC price suppression.
A theory circulating on social media revolved around secretive quantitative investment firm Jane Street, now subject to legal action by defunct crypto company Terraform Labs.
Coordinated algorithmic selling of Bitcoin at 10am Eastern time daily, it alleged, provided the main impetus for months of BTC price downside beginning in October 2025.
What Happened Today:
>Jane Street was exposed for massive manipulation of the crypto market and for being behind the TerraLuna collapse.
>An insider leaked that they were forced to shut down their trading algos.
> no 10am price slam for the first time.
>8pm, Bitcoin…
— AMCrypto (@AMCryptoAlex) February 25, 2026
Amid the ongoing legal proceedings, Jane Street may have been forced to suspend its trading strategy, leaving the market to adjust higher.
The Terraform Labs complaint makes specific reference to “market manipulation” that impacted crypto throughout 2022, the year in which Bitcoin put in its last bear market bottom of $15,600 in Q4.
Jane Street told Cointelegraph that the accusations were “baseless, opportunistic claims.”
The 10am argument, meanwhile, failed to convince many. Crypto YouTuber Wise Advice was among them, suggesting that the theory was too simplistic to be valid.
🚨 Everyone on CT right now:
“Jane Street got sued.”
“10AM manipulation stopped.”
“ $BTC finally free.”Do you really think they’re that stupid?
You’re talking about Jane Street.
A top quant firm.
And they supposedly:• Ran a visible daily pattern
• Let everyone track it…— Wise Advice (@wiseadvicesumit) February 25, 2026
BTC price versus “razor thin” liquidity
Commenting on the latest BTC price move, traders remained cautious.
Related: Bitcoin ETF sell-off is ‘purification’ of bull case, investor says
“$BTC is facing major resistance at $66k – from both the local range lows and the 4h trend,” trader Jelle wrote in his latest analysis on X.
“Flipping that could spark short-term relief, but until that happens, the trend is clear. Don’t fight it.”

Keith Alan, cofounder of trading resource Material Indicators, said that a “razor thin order book” on exchanges had contributed to the price rebound.
Overhead sell liquidity, he told X followers, had been pulled in advance of US President Donald Trump’s State of the Union address.
Looks like we got a roof pull just before Trump’s State of the Union Address, and $BTC price ripped through a razor thin order book. pic.twitter.com/bgBtwg6aaZ
— Keith Alan (@KAProductions) February 25, 2026
The 24-hour crypto liquidations totaled $333 million at the time of writing, per data from CoinGlass, with shorts accounting for $213 million of that figure.

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
Bitcoin Stays Below $65,000, but Big Money Is Moving Quietly
Bitcoin (BTC) continued its downward trajectory in February, trading at $64,492, nearly 50% below its early October all-time high (ATH) price.
Yet, price action tells only part of the story. According to River, Bitcoin adoption accelerated last year, with institutions, banks, merchants, public companies, and even nation-states increasing their exposure.
Is Bitcoin’s 50% Decline Masking a Structural Bullish Trend?
BeInCrypto recently reported that the crypto market has slipped into extreme fear, with retail investors growing increasingly pessimistic about Bitcoin’s price. This sentiment is reflected in a surge of “Bitcoin going to zero” searches, which recently reached an all-time high.
The price drawdown has also weighed on institutional participants. Crypto hedge funds have pulled back from the market.
“With Bitcoin and ETH continuing to slide, crypto hedge funds have retreated to cash. Their average cash levels are currently 15.32%, the highest in almost a year,” Nic Puckrin, co-founder of Coin Bureau, told BeInCrypto.
Moreover, recent disclosures show that in Q4 2025, institutional investors also trimmed their Bitcoin exchange-traded fund (ETF) exposure.
However, when viewed from a broader perspective, the long-term adoption trajectory remains constructive. In a recent market report, River highlighted that the largest cryptocurrency’s adoption surged in 2025.
“There is no bear market in bitcoin adoption. Bitcoin is down 50% from all-time highs, but adoption is compounding in ways that aren’t affecting the price, yet,” the post read.
According to River, institutions collectively added approximately 829,000 BTC in 2025. This figure includes purchases from businesses, governments, funds, and ETFs.
Registered investment advisors allocated close to $1.5 billion per quarter into Bitcoin ETFs over the past two years. Notably, none of those quarters recorded net outflows.
Although exposure among RIAs is widespread, with 29 of the 30 largest US firms holding positions, portfolio allocations remain minimal, averaging 0.008%.
Businesses emerged as the largest buyers in 2025. They added $54 billion worth of Bitcoin to their balance sheets during the year.
Bitcoin treasury companies account for the majority of corporate holdings, collectively controlling 866,000 BTC. At the same time, the number of publicly listed firms with Bitcoin holdings rose to 194.
At the sovereign level, five nations became new Bitcoin holders in 2025, including purchases linked to two sovereign wealth funds, Luxembourg and Saudi Arabia, as well as the Czech Republic’s central bank. In total, 23 nation-states now hold Bitcoin.
“Trust in bitcoin has grown faster than that of any asset in history. What began as an experiment is now a globally recognized store-of-value, with adoption patterns that rival the internet,” River wrote.
US Businesses Embrace Bitcoin Payments
Beyond direct accumulation, payment adoption expanded materially. The number of US merchants accepting Bitcoin payments tripled during the year. Furthermore, global usage increased by 74%.
Meanwhile, development activity within traditional finance continues. Approximately 60% of the 25 largest US banks are building Bitcoin products, indicating ongoing institutional integration.
River stated that the current wave of adoption is unlikely to trigger an immediate 10-fold price surge for Bitcoin. However, the firm argued that this type of steady integration may carry greater significance.
Looking ahead, River said it expects adoption to accelerate meaningfully over the coming years as broader participation deepens.
Crypto World
Meta to plug Stripe stablecoins into Facebook, Instagram, WhatsApp in 2026
Meta targets H2 2026 for stablecoin creator payouts, enabled by Stripe’s Bridge under new U.S. rules.
Summary
- Meta plans to integrate third-party stablecoins for creator payouts across Facebook, Instagram and WhatsApp, focusing on ~$100 cross-border transfers.
- Stripe’s Bridge, acquired for ~$1.1b in 2024, just secured conditional OCC trust bank approval, enabling regulated stablecoin issuance and custody.
- The GENIUS Act, signed in 2025, created a federal framework for fully reserved payment stablecoins, giving Meta and Bridge clearer compliance rails.
Meta Platforms Inc. is preparing to integrate stablecoin payments across its social media platforms in the second half of 2026 through a third-party provider, CoinDesk reported, citing three people familiar with the plans.
The company has issued requests for proposals to external infrastructure firms, with Stripe emerging as the likely partner, according to the report. Stripe CEO Patrick Collison joined Meta’s board in April 2025.
The initiative marks a shift from Meta’s previous stablecoin effort. The company’s 2019 Libra project, later rebranded as Diem, faced intense regulatory opposition and was ultimately abandoned. Libra was designed as a global currency backed by a basket of assets, which regulators viewed as an attempt by a private company to build sovereign-scale monetary infrastructure.
According to Fortune reporting from May 2025, Meta CEO Mark Zuckerberg told Stripe’s John Collison that the Diem project was dead.
The current approach differs significantly from the earlier effort. Meta will not mint its own stablecoin but will instead integrate existing stablecoin infrastructure, positioning itself as a distribution channel rather than an issuer, according to a source who told CoinDesk the company wants to pursue the initiative “at arm’s length.”
The likely integration partner is Stripe’s Bridge platform, which received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter in February 2026.
The timeline of developments includes Stripe’s acquisition of Bridge for approximately $1.1 billion in October 2024, Collison’s appointment to Meta’s board in April 2025, and Bridge’s OCC conditional approval in February 2026, the same month Meta sent out requests for proposals.
In its 2025 annual letter, Stripe reported that Bridge’s transaction volume quadrupled as stablecoin adoption expanded beyond cryptocurrency market cycles. “Stablecoin payments are advancing quietly and inexorably as real-world uptake continues apace,” the company stated.
Meta’s focus centers on reducing costs for international creator payouts, particularly small transfers around $100 that currently face high wire transfer and foreign exchange fees. The company’s platforms, including Facebook, Instagram, and WhatsApp, serve approximately 3 billion users globally.
Stablecoin integration could reduce costs for cross-border settlements and accelerate payout speeds compared to traditional banking systems, according to the CoinDesk report. The move would also position Meta competitively against X and Telegram in developing super app functionality.
The regulatory environment has shifted since Meta’s earlier stablecoin attempt. The GENIUS Act, signed by President Donald Trump in July 2025, established the first federal legal framework for U.S. stablecoin issuers, contrasting with the regulatory opposition that existed between 2019 and 2022.
Bridge’s pursuit of an OCC charter reflects the new regulatory approach, operating within a federal framework rather than outside it.
Several implementation details remain unclear, including which specific stablecoins Meta will support, whether transactions will be on-chain or abstracted from blockchain infrastructure, how the company will handle wallet custody and compliance requirements, and whether non-U.S. markets will serve as initial testing grounds.
Meta declined to comment on the reported plans. Stripe did not immediately respond to requests for comment.
Crypto World
The Dollar Index (DXY) May Close February Higher
The second half of February has seen the dollar index strengthen, driven by a combination of bullish factors:
→ A hawkish Fed stance. Minutes from the latest FOMC meeting revealed differing views on rate cuts. With inflation remaining resilient, some members even left the door open to further tightening.
→ Rising tensions between the US and Iran, along with uncertainty surrounding trade tariffs, have boosted demand for the dollar as a safe-haven asset.
→ Recent data pointing to solid industrial output and labour market resilience have reinforced confidence in the strength of the US economy.
As a result, an upward trend line (shown in blue) has formed on the DXY chart, increasing the likelihood that the index will finish February in positive territory after three consecutive months of decline.

Technical Analysis of the DXY Chart
On 16 February, when analysing the dollar index (DXY), we:
→ Updated the descending channel (marked in red), originating in November 2025.
→ Highlighted strong demand, reflected in the confident upward trajectory (shown by the arrow) following the brief break below the multi-month low of 96.50 in late January.
Lower highs at points A and B suggest that the upper boundary of the channel continues to act as resistance, while the hesitant price action after breaking the 5 February high indicates waning bullish momentum. This raises the possibility that the blue uptrend line could soon come under pressure from renewed bearish attempts.
On the other hand, there are clear signs of active demand near the key 96.50 level. Therefore, in the longer term, bulls may regain strength and attempt to overturn the broader downtrend.
Trade global index CFDs with zero commission and tight spreads (additional fees may apply). Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Crypto World
AERO Price Jumps 12% Today
Aerodrome Finance price climbed 12% over the past 24 hours, drawing renewed attention from traders. Despite the sharp uptick, AERO remains locked in a broader sideways structure.
This consolidation phase reflects cautious optimism rather than confirmed breakout strength. While short-term momentum improved, sustained upside requires stronger follow-through.
AERO Holders Exhibit Optimism
The Chaikin Money Flow indicator signals improving macro sentiment for Aerodrome Finance. Outflows that peaked around early December 2025 have steadily declined. Inflows now dominate, suggesting capital is returning to AERO. This shift indicates investors are gradually rebuilding exposure.
CMF currently sits at a three-and-a-half-month high. Elevated readings often reflect sustained buying pressure rather than short-lived speculation. Strengthening inflows point to growing confidence among participants. This macro bullishness may provide structural support for further price appreciation.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Futures market data reinforces the constructive outlook. AERO contracts are currently skewed toward long positions. Traders are positioning for potential upside continuation. Long exposure stands at approximately $2.35 million, reflecting notable bullish interest.
The $0.351 resistance level remains a critical barrier. A move above this threshold would trigger a significant short liquidation cluster worth roughly $623,560. Forced short covering can accelerate upward momentum. Such dynamics often amplify breakouts in volatile crypto markets.
AERO Price Is Awaiting a Breakout
AERO is trading at $0.327 at the time of writing after posting a 12% daily gain. Despite the surge, the token remains within its consolidation range. Current technical and derivatives signals present a cautiously bullish outlook. However, confirmation depends on overcoming immediate resistance.
Breaching the $0.352 barrier is essential for a sustained breakout. Clearing this level would likely trigger short liquidations and strengthen bullish momentum. The Squeeze Momentum indicator shows compression building, while the histogram reflects underlying strength. A squeeze release could propel AERO toward $0.400.
Downside risks persist if buyers fail to maintain control. Continued consolidation between $0.352 and $0.292 would signal hesitation. A breakdown below $0.292 would weaken the bullish structure. Further losses could push AERO toward $0.273 or even $0.243, invalidating the current recovery thesis.
Crypto World
Glassnode flags extended sell-side pressure ahead
BTC is down ~28% this month; Glassnode’s sub‑1 realized P/L ratio signals 5–6 more months of downside pressure.
Summary
- BTC trades near ~$63k after a sharp February selloff, about 47% below its ~$126k ATH from October 2025.
- Glassnode’s 90D realized profit/loss ratio has fallen below 1, historically preceding at least 5–6 months where realized losses dominate realized profits.
- In prior cycles, BTC dropped ~25% over six months in 2022 and >50% over five months in 2018 after this metric flipped sub‑1, implying risk of further drawdown if patterns repeat.
Bitcoin has approached previous highs following a sharp decline in February, though blockchain analytics firm Glassnode has indicated further downward pressure may persist for several months, according to the company’s recent analysis.
Glassnode reported that Bitcoin’s realized profit/loss ratio, measured as a 90-day moving average, has fallen below 1. The firm stated this metric suggests the decline could continue for an additional five to six months.
In a post on social media platform X, Glassnode cited historical data showing that drops in the Realized Profit/Loss Ratio below 1 have preceded decline periods lasting at least six months. The firm noted that a return above 1 generally indicates a decrease in selling pressure.
The analytics company referenced the 2022 and 2018 bear markets as comparative examples. During the 2022 bear market, Bitcoin declined 25% in value six months after its profit/loss ratio fell below 1, according to Glassnode. Under similar conditions in 2018, Bitcoin experienced a drop exceeding 50% over five months.
Glassnode stated that if historical patterns repeat, the cryptocurrency’s price could continue its downward trend for five months or longer.
The Realized Profit/Loss Ratio measures the ratio of profits to losses realized on the Bitcoin network, providing insight into market sentiment and selling pressure among holders.
Crypto World
5 red months, 74% LTH profit rapidly eroding
BTC is down ~50% from ATH, with 74% LTH profit shrinking as supply in loss hits 50% amid multi‑month selling.
Summary
- Long-term BTC holders still sit on ~74% average profit, but that margin is compressing as price grinds toward the LTH cost basis near ~$39k.
- BTC has printed almost five straight red monthly candles after a volatility spike above 150%, while weekly RSI hits one of its most oversold levels ever around the $60k-$65k zone.
- BTC supply in loss has hit ~10m coins, roughly 50% of the 20m circulating, a capital destruction level that has historically coincided with bear market bottoms.
Bitcoin long-term holders currently hold an average profit of approximately 74%, though that margin continues to decline as the cryptocurrency’s price moves closer to their cost basis, according to CryptoQuant analyst Darkfost.
The analyst noted that historical bear market cycles have been characterized by prices breaking below the long-term holder cost basis, triggering capitulation phases marked by realized losses of around 20%. Long-term holders are defined as investors known to be less sensitive to short-term price fluctuations, Darkfost stated.
Market recovery and bull phase entry have historically occurred only after such capitulation events, according to the analysis.
Glassnode reported that the 90-day moving average of the Realized Profit/Loss Ratio has fallen below 1, confirming a transition into an excess loss-realization regime. The blockchain analytics firm stated that these bearish conditions have historically persisted for at least six months before liquidity returns to markets.
Analyst James Check reported that Bitcoin has recorded nearly five consecutive red monthly candles following the largest volatility spike of the current cycle. Check observed that one-week realized volatility spiked above 150%, a level typically associated with capitulation events, and that weekly RSI has reached one of the most oversold readings in Bitcoin’s history. A significant amount of Bitcoin has migrated to new holders in a high price range this year, according to Check’s analysis.
Bitcoin supply in loss reached 10 million coins, the fourth-highest reading on record, analyst James Van Straten reported. Van Straten noted that circulating supply will reach 20 million Bitcoin next week, with 50% held at a loss. Historical patterns suggest such capital destruction levels are sufficient for a bear market bottom, according to Van Straten.
Bitcoin experienced a minor price rebound during early Asian trading hours, though bearish sentiment remains dominant in the market. The price movement formed another lower high while a key support level continues to hold, according to technical analysis.
Crypto World
Anchorage Digital Buys Strategy STRC as Stock Becomes Most-Shorted
Crypto bank Anchorage Digital said it now holds Strategy’s perpetual preferred security STRC on its balance sheet, adding an institutional backer to Michael Saylor’s Bitcoin treasury company at a time when Wall Street traders are increasingly betting against it.
In a Wednesday post on X, Anchorage co-founder and CEO Nathan McCauley said the purchase shows alignment between two companies built around Bitcoin (BTC) infrastructure and corporate treasury adoption. “Conviction compounds. Institutions don’t just talk about Bitcoin, they structure around it,” McCauley wrote.
“When the company that operationalizes Bitcoin infrastructure puts capital alongside the company that operationalized the Bitcoin treasury strategy…that’s a signal,” he added. Anchorage did not reveal the size or timing of the position.
According to Strategy’s website, STRC is a Nasdaq-listed perpetual preferred security marketed as a short-duration, high-yield instrument. The shares pay an 11.25% annual dividend distributed monthly in cash. Capital raised through the instrument has historically financed the firm’s continued Bitcoin accumulation.
Related: Michael Saylor says quantum threat to Bitcoin is more than 10 years away
Strategy becomes Wall Street’s most-shorted stock
Anchorage’s purchase comes as Strategy has climbed to the top of Goldman Sachs’ list of most-shorted large-cap US equities by short interest as a percentage of market capitalization. A year ago, it did not rank among the top 50. The company began rising on the list in late 2025 as its share price weakened even before Bitcoin peaked in October.

Short selling involves borrowing shares and selling them with the expectation of repurchasing later at a lower price. Losses can grow if the stock rises.
Strategy functions as a leveraged public-equity proxy for Bitcoin. It issues securities and deploys the proceeds into BTC. Gains can amplify during rallies, while downturns magnify pressure on the share price.
The company currently holds 717,722 Bitcoin worth about $46.68 billion at current market prices. On Monday, it announced another purchase, acquiring 592 BTC for $39.8 million. The coins were acquired at an average cost of roughly $76,020, leaving the company sitting on an estimated $7 billion unrealized loss with Bitcoin trading near $66,000.
Related: Michael Saylor hints at Strategy’s 100th Bitcoin buy
Strategy plans debt-to-equity shift
Last week, Strategy founder Michael Saylor said the company intends to convert roughly $6 billion in convertible bond debt into equity, replacing repayment obligations with newly issued shares. The change would lower leverage on the balance sheet by turning bondholders into shareholders, though it could dilute existing investors.
The firm added that its Bitcoin treasury would still cover its liabilities even in an extreme downturn. According to the company, Bitcoin would need to fall close to $8,000, an estimated 88% drop, before its holdings and debt reached parity.
Magazine: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author
Crypto World
Solana (SOL) Jumps 7% Daily, Bitcoin (BTC) Rebounds to $65K: Market Watch
KITE has entered the top 100 alts after a massive 20% surge daily, and a 135% pump monthly.
After a few consecutive days of charting new local lows to $62,500, bitcoin’s price has finally rebounded, and the asset even neared $66,500 earlier today, where it was stopped.
Most altcoins are in the green as well today, with ETH nearing $1,900, and XRP reclaiming the $1.36 support. SOL and XMR have surged the most from the larger caps.
BTC Bounces to $65K
Bitcoin was violently rejected on both occasions at the beginning of the previous business week to reclaim the $70,000 level, and the subsequent corrections pushed it south to $66,000 by Wednesday. It rebounded in the following days and went above $68,000 during the weekend.
However, more macro uncertainty ensued after the latest tariff developments, including another global taxation of 10% to 15% from Trump. BTC remained still at first, but nosedived on Sunday evening/Monday morning when the futures markets opened. In just over an hour, the cryptocurrency plummeted to under $64,500.
After a dead-cat bounce, the bears were back in control on Tuesday and initiated another leg down – this time, bitcoin slumped to a new three-week low of $62,500. The bulls finally woke up at this point and drove the asset north by roughly $4,000. It was stopped there and now sits above $65,000, but it’s still 3% up on the day.
Its market cap has reclaimed the $1.3 trillion level, while its dominance over the alts has climbed above 56%.
Alts Try to Rebound
Most altcoins were hit hard over the past few days as well. Ethereum dipped to $1,800, but now stands $100 higher at $1,900. XRP is back at a crucial support at $1.36, while BNB has neared $600. TRX, DOGE, BCH, ADA, and HYPE are also in the green daily.
SOL and XMR have surged the most from the larger caps. 7% gains have pushed the former to $82, while the latter is above $335.
KITE has entered the top 100 alts with a massive 20% daily surge. MORPHO follows suit, while LEO and WLFI are next.
The total crypto market cap has recovered around $80 billion daily and is up to $2.330 trillion on CG.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
-
Video5 days agoXRP News: XRP Just Entered a New Phase (Almost Nobody Noticed)
-
Fashion5 days agoWeekend Open Thread: Boden – Corporette.com
-
Politics3 days agoBaftas 2026: Awards Nominations, Presenters And Performers
-
Entertainment7 days agoKunal Nayyar’s Secret Acts Of Kindness Sparks Online Discussion
-
Sports2 days agoWomen’s college basketball rankings: Iowa reenters top 10, Auriemma makes history
-
Politics2 days agoNick Reiner Enters Plea In Deaths Of Parents Rob And Michele
-
Sports6 days agoClearing the boundary, crossing into history: J&K end 67-year wait, enter maiden Ranji Trophy final | Cricket News
-
Business3 days agoMattel’s American Girl brand turns 40, dolls enter a new era
-
Crypto World1 day agoXRP price enters “dead zone” as Binance leverage hits lows
-
Business3 days agoLaw enforcement kills armed man seeking to enter Trump’s Mar-a-Lago resort, officials say
-
Entertainment6 days agoDolores Catania Blasts Rob Rausch For Turning On ‘Housewives’ On ‘Traitors’
-
Tech3 days agoAnthropic-Backed Group Enters NY-12 AI PAC Fight
-
NewsBeat2 days ago‘Hourly’ method from gastroenterologist ‘helps reduce air travel bloating’
-
NewsBeat3 days agoArmed man killed after entering secure perimeter of Mar-a-Lago, Secret Service says
-
Politics3 days agoMaine has a long track record of electing moderates. Enter Graham Platner.
-
Crypto World7 days agoWLFI Crypto Surges Toward $0.12 as Whale Buys $2.75M Before Trump-Linked Forum
-
Tech16 hours agoUnsurprisingly, Apple's board gets what it wants in 2026 shareholder meeting
-
NewsBeat12 hours agoPolice latest as search for missing woman enters day nine
-
Crypto World6 days ago83% of Altcoins Enter Bear Trend as Liquidity Crunch Tightens Grip on Crypto Market
-
Sports2 days ago
2026 NFL mock draft: WRs fly off the board in first round entering combine week
