Crypto World
Treasury Draws Firm Line as Bitcoin Reserve Debate Roils Capitol Hill
The U.S. Treasury faced sharp questions Tuesday over Bitcoin policy during a tense Capitol Hill hearing. Lawmakers focused on whether the government should purchase Bitcoin or allow federal assets to back crypto. Treasury Secretary Scott Bessent firmly stated that taxpayer funds would not be used to buy or support digital currencies.
Treasury Blocks Bitcoin Intervention Despite Pressure
During a House Financial Services Committee hearing, Rep. Brad Sherman pressed Bessent about potential Bitcoin-related bailouts. Sherman suggested the Treasury could direct banks to hold Bitcoin or tweak reserve policies to support crypto. However, Bessent responded that the law gives him no such authority, and he cannot compel banks to make crypto purchases.
Bessent further clarified that taxpayer funds cannot be invested in digital currencies or in any tokens, including Solana-based meme assets. He emphasized that his role under current regulations does not permit using federal funds for Bitcoin exposure. Sherman countered by raising concerns over private banking funds, but Bessent maintained that those are not public monies.
The exchange intensified when Sherman questioned if the government would ever use tax revenue to accumulate Bitcoin reserves. Bessent reiterated that only seized Bitcoin is held by the U.S. government under existing forfeiture processes. He cited prior seizures totaling $1 billion, with $500 million retained and now worth over $15 billion.
TRUMP Coin Draws Fire During Crypto Oversight Talks
Rep. Sherman also referenced the “TRUMP” meme coin issued on the Solana blockchain, linking it to speculation and volatility. He asked if such coins could ever qualify for government-backed purchases or policy inclusion. Bessent replied that neither the Treasury nor the FSOC has the authority to act on speculative meme coins.
While Bessent stayed neutral on the TRUMP coin, Sherman emphasized its unregulated nature and alleged political branding. He warned that using public resources for these assets could set a dangerous precedent. The discussion signaled growing discomfort among lawmakers about crypto products perceived to be linked to public figures.
Bessent declined to provide specific commentary on TRUMP coin but reinforced that the Treasury does not engage in speculative crypto activities. He stood by the department’s position that taxpayer dollars should not enter volatile or unregulated digital markets. This stance continues to define Treasury policy amid rising political attention on meme coins.
World Liberty Financial Raises Scrutiny Over Security Risks
Rep. Gregory Meeks shifted focus to World Liberty Financial, citing concerns about foreign ties and investor transparency. He referenced statements from founder Eric Trump, who claimed he had undisclosed yet “meaningful” investors. Meeks argued that such ambiguity could pose national security risks, especially if linked to foreign capital.
The lawmaker also pointed out that the WLFI token had lost over 50% of its value, adding to concerns of instability. He said discussion forums revealed unease about governance, suggesting that the Trump family controlled key decisions. Meeks argued this ownership structure could allow selective profit-taking from token sales.
Senator Elizabeth Warren had previously called for an investigation into a deal involving a UAE royal entity and World Liberty Financial. Meeks followed up by urging tighter oversight of any bank license applications tied to the firm. However, Bessent refused to intervene, stating that the Office of the Comptroller of the Currency operates independently.
Crypto World
Altcoins That Can Benefit If Bitcoin Crashes Below $70,000
Bitcoin has slipped nearly 7% in the past 24 hours and is now drifting closer to the critical $70,000 mark, a psychological level that could deepen fear across the broader crypto market if it breaks. As traders prepare for a possible downturn, attention is shifting toward specific altcoins that can benefit. Ones that may stay resilient if Bitcoin crashes below $70,000.
While most tokens tend to fall alongside BTC during major sell-offs, BeInCrypto analysts have identified three cryptocurrencies that are showing strong negative correlation, healthier chart structures, and improving capital flows. These signals suggest they could possibly outperform during market stress, making them potential opportunities even in a risk-off environment.
The White Whale (WHITEWHALE)
The White Whale (WHITEWHALE) is emerging as one of the few altcoins that can benefit if Bitcoin crashes under $70,000. All thanks to its growing independence from broader market trends. While most tokens have followed Bitcoin lower, the Solana-based WHITEWHALE has remained resilient.
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It gained nearly 17% over the past seven days and rose close to 20% in the past 24 hours. This relative strength suggests that traders are possibly rotating into the token despite wider market weakness.
Over the last week, The White Whale has posted a strong negative correlation of –0.67 with Bitcoin. This means it has often moved in the opposite direction. This decoupling is important in a risk-off environment.
If Bitcoin crashes below $70,000, assets with low or negative correlation tend to attract speculative capital. And that makes WHITEWHALE one of the altcoins that can benefit from such a move. At the same time, the token is trading inside a bullish ascending channel on the 4-hour chart.
From a technical view, resistance sits near $0.127 and $0.143. A sustained move above this zone would confirm a breakout and open the path toward $0.226, implying upside of nearly 58% and a potential move into price discovery. On the downside, support lies at $0.098, with a deeper invalidation below $0.087. A break under these levels would weaken the bullish case and expose the price to a pullback toward $0.070.
Overall, The White Whale’s negative correlation, strong short-term performance, and bullish chart structure position it as a high-risk, high-reward candidate if Bitcoin enters a deeper correction.
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Bitcoin Cash (BCH)
Bitcoin Cash is emerging as one of the altcoins that can benefit if Bitcoin crashes below $70,000, especially as it continues to show relative strength during broader market weakness. While the wider crypto market has slipped nearly 7% in recent sessions, BCH is down just over 1%, highlighting early signs of resilience. Over the past three months, it has also been up nearly 8%, making it one of the few large-cap altcoins still holding gains on a medium-term basis.
On-chain data supports this defensive setup. The Spent Coins Age Band metric, which tracks how many previously dormant coins are being moved, shows a sharp decline in activity.
Since early February, this figure has fallen from around 18,900 coins to roughly 8,278, a drop of nearly 56% in just a few days. This means far fewer long-held BCH tokens are being sold, even as prices remain under pressure. When coins stay inactive during market stress, it often reflects growing holder confidence.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
At the same time, the Chaikin Money Flow (CMF) indicator, which measures whether large capital is entering or leaving an asset using price and volume, has risen steadily between January 29 and February 5. CMF has climbed back toward, and briefly above, the zero line, showing that large buyers are quietly increasing exposure despite weak sentiment elsewhere.
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From a technical perspective, BCH needs to hold above $523 to maintain this structure. A daily close above $558 would strengthen the bullish case and open the path toward $615 and $655, with $707 as an extended target if conditions improve.
However, failure to reclaim $523 could expose the price to a deeper pullback toward $466.
Hyperliquid (HYPE)
Hyperliquid’s native token, HYPE, stands out as one of the altcoins that can benefit if Bitcoin crashes below $70,000. It is mainly because it has been moving in the opposite direction to BTC. Over the past month, HYPE is up nearly 28%, while Bitcoin has dropped around 24%.
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During the same period, its correlation with BTC stands at –0.71, showing a strong inverse relationship. This means that when Bitcoin weakens, HYPE has recently tended to rise, making it a candidate for traders looking for relative strength during market stress.
The HYPE price chart supports this divergence. After rallying toward the $38.43 zone earlier, HYPE entered a consolidation phase that now resembles a bullish flag-and-pole pattern. This structure usually forms when an asset pauses after a strong rally before attempting another upward move. If the upper trendline breaks, the pattern projects a potential upside of around 87%.
Capital flow data also remains supportive. The Chaikin Money Flow (CMF) is still positive, showing that large buyers are active. However, CMF is moving below a descending trendline, meaning stronger inflows are still needed to confirm a new flag breakout.
For bullish confirmation, HYPE needs a clean daily close above $34.87. Clearing this level would open the path toward $38.43 first, and potentially toward the $65.70 zone if momentum builds. On the downside, weakness below $28.21 would damage the setup, while a fall under $23.82 would invalidate the bullish structure.
If Bitcoin crashes under $70,000 and HYPE maintains its negative correlation, strong structure, and inflow support, it remains one of the altcoins that can benefit from market stress rather than suffer from it.
Crypto World
EUR/USD and GBP/USD Consolidate After Pullback From Yearly Highs
The euro and the pound have retreated after setting new yearly highs and are now trading near key levels, reflecting a wait-and-see stance as markets look ahead to major events in the coming sessions. Following a strong upward move over recent weeks, traders opted to lock in part of their profits, triggering a corrective pullback and a shift into consolidation. Additional caution is being driven by today’s Bank of England meeting, the outcome of which could influence sterling and set the tone for European currencies ahead of more important US data releases.
Overall, EUR/USD and GBP/USD appear to be in a state of balance after a sharp rally. Today’s Bank of England decision and tomorrow’s US labour market reports are seen as key reference points for assessing the next directional move. A more measured stance from policymakers and weak or neutral employment data could support a resumption of the upward trend, while a more hawkish tone or strong US figures may increase pressure on the pairs and lead to a deeper correction from recent highs.
EUR/USD
After rebounding from 1.2080, EUR/USD has remained within a narrow range, showing no clear readiness either to resume strong gains or to extend the correction. The market is assessing whether the recent cooling in the US labour market — which previously underpinned expectations of Fed policy easing — will persist. Upcoming employment data are viewed as a decisive factor: they could either confirm conditions for further upside or weigh on the euro if signs of US economic resilience emerge.
Technical analysis of EUR/USD points to potential strengthening towards 1.1900–1.1920, as a bullish harami pattern has formed on the daily chart. Should the pair settle below 1.1760, a continuation of the decline towards 1.1720–1.1670 becomes possible.
Key events for EUR/USD:
- Today at 09:00 (GMT+2): German factory orders
- Today at 15:30 (GMT+2): US initial jobless claims
- Today at 17:00 (GMT+2): US JOLTS job openings

GBP/USD
GBP/USD has also entered a consolidation phase after pulling back from its yearly highs. The pair is currently trading within a range that capped gains for much of last year. If buyers manage to keep GBP/USD above 1.3600 in the coming sessions, a renewed test of the 1.3800–1.3850 area is possible. A move below 1.3600 would open the door to a deeper correction towards 1.3470–1.3520.
Key events for GBP/USD:
- Today at 14:00 (GMT+2): Bank of England interest rate decision
- Today at 14:30 (GMT+2): Speech by Bank of England Governor Bailey
- Tomorrow at 15:30 (GMT+2): US unemployment rate

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Crypto World
Oracle (ORCL) Shares Fall Below $150
The start of February has been negative for technology stocks, weighed down by a wave of pessimism driven by several factors, including:
→ “AI spending fatigue.” Results from Microsoft and Alphabet highlighted massive capital expenditure (CapEx). Tens of billions of dollars are being poured into servers and chips, and the market appears increasingly concerned that these costs may not be justified by actual AI-related revenues.
→ The launch of new “agent-based” AI tools (such as those released by Anthropic in early February), which has fuelled fears that AI could begin to replace software itself rather than enhance it. This has put pressure across the software sector, including Salesforce, Adobe and Oracle.
For Oracle, the situation is further complicated by plans to finance a large-scale programme in 2026 worth $45–50bn, which the company intends to fund by: 1) taking on debt; 2) issuing additional shares.
As a result:
→ analysts have downgraded their target prices for ORCL;
→ the share price has fallen below $150 for the first time since May 2025.

On 18 December, we noted that technical analysis of the ORCL share chart pointed to four reasons why a rebound towards the resistance area marked in blue was possible.
As the blue arrow shows, since then ORCL shares have:
→ shown signs of recovery;
→ however, a false bullish break above the psychological $200 level led to a resumption of the downtrend within the previously identified descending red channel.
The accelerating bearish momentum over the past three days may:
→ prompt weaker holders, gripped by panic, to sell ORCL shares;
→ attract “smart money”, which may view prices below $150 as appealing.
In addition, attention should be paid to the intersections of trend-channel lines from different timeframes. These may act as a cluster of support and slow the decline, giving the market a pause ahead of the quarterly earnings release scheduled for early March.
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Crypto World
U.S. Launches Global Plan to Reshape Critical Minerals Market
TLDR
- The U.S. formed FORGE to coordinate global critical mineral policy, pricing, and project development with allies.
- Over 28 countries finalized or signed new mineral trade agreements to boost fairer pricing and supply chain security.
- The agreements aim to counter unfair practices like subsidies and below-market exports, often linked to China.
- Vice President JD Vance announced reference price floors and adjustable tariffs to protect domestic manufacturers.
- President Trump unveiled Project Vault, a $12B reserve to stabilize mineral prices and support U.S. industry.
The U.S. introduced new actions on Wednesday to lead a global effort reshaping trade rules for critical minerals; the initiatives target pricing control, ally cooperation, and China’s dominance, as agreements and a new forum took shape during a large ministerial meeting in Washington.
FORGE Coalition to Align Global Mineral Policies
According to a CNBC report, Secretary of State Marco Rubio hosted the Critical Minerals Ministerial this week in Washington. The event brought together representatives from 54 countries and the European Union. Officials discussed new frameworks to coordinate policy, stabilize markets, and increase investment.
Rubio announced the formation of a new alliance called the Forum on Resource Geostrategic Engagement (FORGE). The group aims to synchronize mineral-related policies and pricing across participating nations. “We have a number of countries that have signed on… and many more that we hope will do so,” Rubio stated.
FORGE will serve as a global coordination hub for mineral pricing and project development. It will work alongside an earlier agreement called Pax Silica. While Pax Silica focuses on securing artificial intelligence supply chains, FORGE will take a broader role.
Rubio emphasized the risks of mineral supply concentration in a single country. He did not name China directly but pointed to the dangers of supply disruption. He highlighted how instability, pandemics, or politics could affect global access to vital minerals.
U.S. Signs Deals with Over Two Dozen Countries
During the forum, the U.S. signed bilateral critical minerals agreements with 11 countries. These deals follow 10 similar agreements reached in the last five months. Negotiations also concluded with 17 additional countries.
The agreements aim to coordinate pricing, encourage project financing, and make markets fairer for mineral trade. Officials described the pacts as steps to unlock more secure mineral supply chains. Rubio said the U.S. would “continue expanding its network of reliable partners.”
The agreements form part of a larger U.S. effort to build resilient critical mineral supply chains. Officials say unfair competition has hurt domestic industries. State subsidies and below-market prices have made new projects unsustainable.
Vice President JD Vance also addressed the pricing issue during the summit. He said the U.S. would enforce pricing floors to protect domestic producers. “We will establish reference prices… maintained through adjustable tariffs,” he explained.
U.S. Establishes Project Vault to Stabilize Supply
As we had reported earlier, President Trump introduced Project Vault. The initiative includes a $12 billion mineral reserve to stabilize prices. It combines $10 billion from the U.S. Export-Import Bank and $2 billion in private investment.
The reserve will stockpile essential materials, including lithium, copper, and rare-earth elements. Officials said the goal is to shield manufacturers from extreme price fluctuations. Project Vault will support domestic production and reduce dependence on external sources.
Trump described the reserve as part of his administration’s push to “protect and grow” U.S. manufacturing. The announcement followed months of planning and interagency coordination. Project Vault marks the largest mineral reserve investment in recent U.S. history.
The reserve complements the FORGE initiative by adding financial stability to policy coordination. It will give manufacturers predictable access to materials needed for defense and technology. This development aligns with broader U.S. plans to compete in the global minerals arena.
Crypto World
Bitcoin Fills $94,800 CME Gap, Eyes $100K Rally
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Bitcoin has closed the CME futures gap near $94,800, a technical milestone that analysts view as a bullish signal.
CME gaps form when Bitcoin’s weekend price movements on 24/7 spot markets create unfilled price ranges on the CME futures chart, which does not trade over weekends.
Historically, if these gaps act as focal points for technical traders, they tend to be revisited and filled by subsequent price action.
Based on the BTC CME futures chart, the gap near $94,800 has now been filled, a condition for further upside. Therefore, a weekly close above the $94,000 level may open the door for BTC to extend its rally toward the $100,000 threshold.
The CME gap is a significant level amid recent price resilience above $90,000, where bulls have defended support areas before staging rebounds. BTC dropped to below $94,000 and has since moved toward $95,000, filling the gap.
Bitcoin Heads for Weekly Gain After Muted New Year
Bitcoin is up 5% this week, as it also benefited from some bargain buying after a muted start of the new year.
A bulk of the coin’s gains this week came after top corporate holder, Strategy, disclosed a purchase of over $1 billion worth of BTC, drumming up some hopes over improving corporate demand for the King of crypto.
Strategy has acquired 13,627 BTC for ~$1.25 billion at ~$91,519 per bitcoin. As of 1/11/2026, we hodl 687,410 $BTC acquired for ~$51.80 billion at ~$75,353 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/bIbPbFAbTa
— Strategy (@Strategy) January 12, 2026
However, retail demand remained under pressure, as broader sentiment towards the crypto space remained skittish. The Bitcoin price continued to trade at a discount, indicating that retail sentiment remained weak.
This comes as US lawmakers earlier this week delayed a key discussion on a planned crypto regulatory framework, after Coinbase opposed the bill in its current version.
BTC is now down just a fraction of a percentage to trade at $95,100 as of 6:26 a.m. EST, according to Coingecko data.
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Crypto World
Bitcoin erases 15 months of gains, falls below $70K amid $840M liquidations
- Bitcoin temporarily fell below $70,000, erasing gains built over the past 15 months.
- Over $840 million in leveraged long positions were liquidated during the sell-off.
- Traders now watch $65,000 support and $72,000 resistance for direction.
Bitcoin has suffered one of its sharpest corrections in recent years, wiping out roughly 15 months of bull market gains in a swift and brutal sell-off.
The world’s largest cryptocurrency temporarily plunged below the psychologically important $70,000 level, shocking traders who had grown accustomed to sustained upside momentum.
The move did not happen in isolation, as it was accompanied by heavy liquidations, weakening sentiment, and visible stress across centralised exchanges.
What initially appeared to be a routine pullback quickly evolved into a deeper reset for the broader crypto market.
Bitcoin price crash wipes out 15 months’ gains
Bitcoin’s drop to the $69,000–$70,000 range marked its lowest level in around 15 months, effectively erasing much of the progress made during the previous bull cycle.
This decline pushed BTC back toward price zones last seen before institutional inflows and ETF-driven optimism reshaped market expectations.
As the price broke below the key support level at $70,000, selling pressure intensified, and confidence among short-term traders deteriorated rapidly.
The correction also dragged down major altcoins, reinforcing the idea that this was a market-wide deleveraging event rather than a Bitcoin-only move.
From a market structure perspective, the fall represented a decisive break from the higher-highs and higher-lows pattern that had defined Bitcoin’s uptrend.
Liquidations accelerate the sell-off
One of the most significant drivers behind the crash was a massive wave of forced liquidations across crypto derivatives markets.
CoinGlass data shows that more than $840 million worth of leveraged positions were wiped out in a short period, with long positions accounting for the majority of losses.
As Bitcoin slipped below critical price thresholds, automated liquidation engines kicked in, amplifying downside momentum.
This cascade effect turned a controlled decline into a sharp flush, catching overleveraged traders off guard.
The liquidation-heavy nature of the drop suggests the move was driven more by market positioning than by a single fundamental catalyst.
After months of elevated leverage and crowded long trades, the market finally reached a breaking point.
Massive Bitcoin outflows from exchanges
At the same time, on-chain data from CryptoQuant shows notable Bitcoin outflows from major exchanges, particularly Binance.

A community-driven withdrawal campaign contributed to a sharp net outflow of BTC, briefly reducing exchange reserves.
In a recent press release, Binance publicly addressed speculation about these movements, denying claims of financial instability and emphasising that withdrawals were proceeding normally.
The exchange also encouraged users to practice self-custody if they felt uncertain, which further highlighted shifting trust dynamics within the market.
Despite the price crash, some analysts view sustained exchange outflows as a sign that long-term holders are not panic-selling.
This divergence between short-term trader behaviour and longer-term investor positioning adds complexity to the current market narrative.
Bitcoin price forecast – what to look at in the coming days
Looking ahead, traders should closely watch several key levels as Bitcoin attempts to stabilise after the sell-off.
The $70,000 zone now acts as immediate support, and a break below this level could push the price towards the $65,000 area, which stands out as a major support zone, as it aligns with previous consolidation ranges.

A deeper breakdown could expose Bitcoin to a move toward the $60,000 psychological level, where buyers may attempt a stronger defence.
On the upside, a sustained recovery above $72,000 would be an early sign that selling pressure is easing.
For now, volatility remains elevated, and traders are likely to stay cautious until Bitcoin establishes a clearer direction.
Crypto World
Galaxy Tokenizes First CLO on Avalanche With $50M Grove Allocation
Galaxy CLO 2025-1 totals $75 million and brings a private credit deal onchain.
Galaxy revealed on Jan. 15 that it has issued its first collateralized loan obligation (CLO) and tokenized the deal on Avalanche, a Layer 1 blockchain with a total value locked (TVL) of over $1.2 billion.
The instrument, dubbed Galaxy CLO 2025-1, totals $75 million and includes a $50 million allocation from Grove, an institutional credit protocol that operates as a Star, or SubDAO, within the Sky Ecosystem.
A CLO is a structured credit product that bundles corporate loans and sells them to investors across different risk tiers. Galaxy said the transaction will support its lending activities.
Avalanche said the CLO’s debt tranches were issued and tokenized on its network and are listed on INX for qualified investors. The network added that tokenization could enable lower-cost trading and faster settlement, while also improving transparency for investors.
“This transaction marks another meaningful step forward for onchain credit, demonstrating how familiar securitization structures can be brought onchain without compromising institutional standards,” said Sam Paderewski, co-founder at Grove Labs.
Paderewski added that Grove’s investment underscores its focus on supporting onchain tokenized credit products.
The allocation adds to Grove’s activity on Avalanche, according to the announcement. Grove previously deployed $250 million into tokenized real-world assets (RWAs) on the Avalanche network.
The announcement comes as more private credit products move onchain. Avalanche cited other institutional credit products already running on its network, including tokenized funds tied to Janus Henderson’s Anemoy Fund and Apollo’s ACRED.
Private credit remains the largest category in tokenized RWAs, with about $19.1 billion in onchain value, followed by tokenized securities, mainly Treasuries, at roughly $9 billion, according to a December report from RWAio.
AVAX, Avalanche’s native token, was trading around $13.74 on Thursday, down about 6.2% over 24 hours, according to CoinGecko. The token had roughly $388 million in daily trading volume.
Meanwhile, Galaxy (GLXY) shares were up about 13% on Thursday, trading around $31.90, according to Google Finance.
Crypto World
Bitcoin Trading at 41% Discount, Power-Law Model Shows $122K Fair Value
Bitcoin slipped below $71,000, but one analyst says the cryptocurrency is trading about 41% below its long-term fair value.
Bitcoin (BTC) recently slipped below $71,000, erasing all the gains made since the U.S. presidential election in late 2024.
However, one analyst argues that the asset is trading at a 41% discount to its long-term historical trend value.
Market Stress and a Growing Valuation Gap
Using a power-law valuation model, market observer David placed Bitcoin’s fair value at $122,762, compared with spot prices around $72,000 at the time. That implied a gap of roughly $51,000, or about 41%, which he described as well below Bitcoin’s normal historical range.
David’s analysis focused on the mechanics behind the move rather than macro headlines. He said current price action appears to be driven mainly by forced flows in derivatives markets, such as hedging and liquidation-related selling, rather than long-term holders distributing their BTC.
One metric he highlighted was Bitcoin’s z-score, a measure of how far the current price varies from the trend, which he estimated at minus 0.76, suggesting the price has moved far below its typical deviation from the long-term trend.
Positioning data reinforced that view, considering that over the past 30 days, Bitcoin’s price is down approximately 20%, while open interest has risen nearly 7%, according to figures cited in the post.
David described these trends as a sign that leveraged exposure is increasing even with the price weakening. In his words, price is falling while leveraged bets are growing, a setup that can lead to sharp, forced moves in either direction.
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He also pointed to elevated volatility, with 20-day implied volatility above 43, and combined futures and options open interest of more than $2.3 billion. Under those conditions, the analyst estimated a 70% probability of a squeeze if the price begins to move higher, noting that positioning could “flip very fast.”
Furthermore, he identified the area near $73,000 as a key gamma level, where moves below it may amplify volatility, while moves above it could dampen price swings.
Price Action Reflects Leverage
At the time of writing, the flagship cryptocurrency was trading around the $70,500 level, according to CoinGecko, marking a nearly 8% drop in the last 24 hours and a close to 20% dip over seven days. In the past month, BTC is down almost 25%, with the losses pushing it 44% below its all-time high from October last year.
This decline triggered a wave of liquidations that hit the market, with data from analytic firm CoinGlass showing that more than 154,000 traders were liquidated in 24 hours, with total losses near $718 million.
Another entity that has been significantly affected by BTC’s recent dip is Strategy, which recently purchased 855 BTC for $75.3 million. According to the Kobeissi Letter, the firm’s Bitcoin position has moved deeper into the red, with paper losses rising to $40 billion in the last four months.
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Crypto World
Miners are being squeezed as bitcoin’s $70,000 price fails to cover $87,000 production costs
Bitcoin is now approximately 20% below its estimated average production cost, increasing financial pressure across the BTC mining sector.
The average cost to mine one bitcoin is around $87,000, according to data from Checkonchain, while the spot price has fallen towards $70,000. Historically, trading below production cost has been a feature of a bear market.
The production estimate uses network difficulty as a proxy for the industry’s all-in cost structure. By linking difficulty to bitcoin’s market capitalization, the model provides an estimate of average mining costs.
In previous bear markets, including 2019 and 2022, bitcoin traded below production cost before gradually converging back toward it.
Hashrate, which measures the total computational power securing the bitcoin network, peaked near 1.1 zettahash (ZH/s) in October, subsequently declining by roughly 20% as less efficient miners were forced offline. More recently, hash rate has rebounded to 913 EH/s, suggesting some stabilization.
However, many miners remain unprofitable at current prices. With revenues below operating costs, miners are continuing to sell bitcoin holdings to fund day-to-day operations, cover energy expenses, and service debt. This ongoing miner capitulation highlights persistent stress in the sector.
Crypto World
Toobit Bridges Traditional Finance and Crypto with Launch of Tokenized Stock Futures
Toobit is an award-winning international cryptocurrency exchange, and it has just announced the launch of Stock Futures.
This move is aimed at bridging the gap between traditional equity markets and the broader digital asset ecosystem. It allows traders to gain access to 10 high-demand US equities, including Tesla (TSLA), Nvidia (NVDA), and Apple (AAPL).
A Range of Benefits
The abovementioned assets are offered as USDT-settled perpetual contracts, which feature:
- Flexible leverage: Up to 25x leverage to maximize capital efficiency.
- Two-way trading: Support for Long and Short positions, allowing traders to capitalize on both upward and downward price movements.
- 24/7 accessibility: Continuous trading that goes beyond traditional market hours, allowing traders to access global equities around the clock, including weekends and holidays.
Speaking on the matter was Mike Williams, the Chief Communication Officer at Toobit, who said:
“Our mission has always been to provide our traders with a comprehensive suite of trading tools. […] By tokenizing stock indices into perpetual contracts, we are removing the geographical and operational barriers of Wall Street, allowing anyone, anywhere, to trade the world’s most influential companies using USDT.”
Toobit Ventures into RWA Derivatives
Toobit’s new TradFi initiative comes as the demand for real-world assets (RWAs) derivatives grows. In 2026, tokenized RWAs have evolved into a primary market driver, with on-chain value surpassing $21 billion, a 232% annual increase. Currently, 76% of global enterprises plan to integrate tokenized assets, with equity derivatives becoming the preferred vehicle for traders seeking 24/7 access and capital efficiency.
The new feature offers a direct path to diversifying into the stock market without having to face the hurdles of traditional brokerage accounts or currency conversions.
Traders are able to access the new Stock Futures in the TradFi tab within the Futures section on both the mobile app and the Toobit web version. This centralized hub now integrates all traditional asset classes, merging existing forex and metals, including EUR, XAU, and XAG, into a single, unified trading environment.
To further support this launch, Toobit has unveiled a 200,000 USDT reward campaign running from February 2 to February 28, 2026. It features a multi-tiered reward structure, including 50,000 USDT in new trader rewards, a first trade protection fund that provides up to 100% loss compensation for newcomers, and a high-stakes trading challenge where top-ranked spot and futures traders can compete for a share of 100,000 USDT.
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