BlockVibe

If you're really think $BTC went to $70K with no reason, you're completely WRONG.
Look at the flows.
BINANCE BOUGHT 28,668 BTC
COINBASE PRIME BOUGHT 14,001 BTC
KRAKEN BOUGHT 8,591 BTC
INSIDER WALLET BOUGHT 7,456 BTC
WINTERMUTE BOUGHT 5,192 BTC
CRYPTOCOM BOUGHT 4,248 BTC
That's ~68,159 BTC, about ~$4.47B in just 1 HOUR.
Which pumped BTC to $70K
That's not "organic demand".
That's a coordinated inflow.
Let me explain this in simple words.
Everyone stares at the candles.
Nobody watches the only thing that matters.
WATCH THE FLOWS.
Liquidity is LOW.
So they can move price without tens of billions.
Now connect the dots.
They push price up fast.
Just enough to trigger FOMO.
Just enough to pull people into leverage.
THIS IS THE TRAP.
Then the moment leverage is stacked, they can flip the button anytime.
Price up fast → Shorts get liquidated → FOMO longs ape in → Then the dump comes.
That one fact explains a lot.
Because this is how they farm both sides.
They pump first to liquidate shorts.
They dump after to liquidate longs.
And they do it with no news because it's not about headlines.
It's about leverage + low liquidity.
I've studied macro for 10 years and I called almost every major market top, including the October BTC ATH.
Follow and turn notifications on.
I'll post the warning BEFORE it hits the headlines.

#WarshFedPolicyOutlook #MarketCorrection

And this is what causing market's crash.

If you still think Bitcoin price is moving only because of spot buying and selling, you are missing the bigger picture. Bitcoin no longer trades purely as a supply demand asset.
That structure changed the moment large derivatives markets took control of price discovery.
And that shift is a big reason why price behavior feels disconnected from on chain fundamentals today.
Originally, Bitcoin’s valuation was built on two core ideas:
• Fixed supply of 21 million coins
• No ability to duplicate that supply

This made Bitcoin structurally scarce.
Price discovery was driven mostly by real buyers and sellers in the spot market.
But over time, a second layer formed on top of Bitcoin, a financial layer.
This layer includes:
• Cash settled futures
• Perp swaps and options
• Prime broker lending
• WBTC products
• Total return swaps

None of these create new BTC on chain. But they do create synthetic exposure to BTC price.
And that synthetic exposure plays a major role in how price is set. This is where the structure changes.
Once derivatives volume becomes larger than spot volume, price stops reacting mainly to real coin movement.
It starts reacting to positioning, leverage, and liquidation flows.
In simple terms:
Price moves based on how traders are positioned, not just on how many coins are being bought or sold physically.
There is also another layer to this, synthetic supply.
One real BTC can now be referenced or used across multiple financial products at the same time.
For example, the same coin can simultaneously support:
• An ETF share
• A futures position
• A perpetual swap hedge
• Options exposure
• A broker loan structure
• A structured product

This does not increase on chain supply. But it increases tradable exposure linked to that coin.
And that affects price discovery.
When synthetic exposure becomes large relative to real supply, scarcity weakens in market pricing terms.
This is often referred to as synthetic float expansion.
At that stage:
• Rallies get shorted through derivatives
• Leverage builds quickly
• Liquidations drive sharp moves
• Price becomes more volatile
This is not unique to Bitcoin. The same structural shift happened in: Gold, Silver, Oil, Equity indices.
Once derivatives markets became dominant, price discovery shifted away from physical supply alone.
This also explains why Bitcoin sometimes falls even when there's not much spot selling.
Because price pressure can come from:
• Leveraged long liquidations
• Futures short positioning
• Options hedging flows
• ETF arbitrage trades
Not just spot selling.

So the current Bitcoin decline cannot be understood only through retail sentiment or spot flows.
A large part of the move is happening in the derivatives layer, where leverage and positioning drive short term price action.
This does not mean Bitcoin’s supply cap changed on chain.
The 21 million limit still exists. But in financial markets, paper Bitcoin is now dominating and this is what's causing the crash.

$BTC $ETH $BNB #RiskAssetsMarketShock #MarketCorrection #ADPDataDisappoints

Ripple and XRPL developers say recent mainnet upgrades and upcoming features position the XRP Ledger as a hub for regulated real world finance.
What to know
Ripple and XRPL contributors are positioning the XRP Ledger as an institutional DeFi platform by combining compliance-focused infrastructure with XRP’s role as a settlement and bridge asset.New and upcoming features, including permissioned domains, credential-based access, privacy-preserving transfers, and the XLS-65/66 lending protocol, are designed to meet regulatory and risk-management requirements for on-chain credit and payments.An EVM sidechain bridged via Axelar aims to attract Solidity developers by offering familiar tooling while tapping XRPL’s liquidity, identity features, and XRP’s utility in collateral reserves and fee-driven burn mechanics.
Ripple and XRPL contributors have outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger that aim to make the network viable for regulated financial activity, per a Thursday blog.
XRP’s utility as a settlement and bridge asset is being highlighted as central to that infrastructure, with usecases ranging from from forex and stablecoin rails to tokenized collateral and native lending markets.
The latest roadmap emphasizes features already live — such as multi-purpose token standards (MPT), permissioned domains with compliance tooling, credential-backed access and batch transactions — alongside upcoming releases that extend XRPL into credit markets and privacy-preserving workflows.
Unlike many smart contract chains that bolt on compliance after the fact, XRPL’s approach has been to embed identity and control primitives at the protocol layer.
Permissioned domains and credentials allow markets to gate participation by verified entities, a requirement institutions often cite as a barrier to onchain integration.
On the payments and FX side, XRP’s role as an auto-bridge between assets continues to be cited as a demand driver, with stablecoin corridors and remittance flows adding to onchain volume and fee activity. Token escrows and object reserves denominated in XRP further tie network usage back to the native asset.
Looking ahead, the introduction of XLS-65/66 — the XRPL lending protocol — is slated to offer pooled and underwritten credit on ledger without entirely offloading risk logic onchain.
Single asset vaults, fixed-term lending and optional permissioning tools are designed to feel familiar to institutional risk managers while operating in an onchain settlement context.
Privacy features like confidential transfers for MPTs, arriving in the first quarter, aim to satisfy enterprise and regulatory expectations around transaction-level anonymity and controlled disclosure.
Critics have long pointed to XRPL’s lack of EVM-style programmability as a hindrance. The new EVM sidechain — bridged via the Axelar network — is meant to address this by letting Solidity developers tap into XRPL liquidity and identity features while accessing familiar tooling.
$XRP prices are down 22% over the past seven days, in line with a broader market drop.

#XRPRealityCheck #xrp #WarshFedPolicyOutlook #RiskAssetsMarketShock

Is everyone ignoring it on purpose? Possibly.

But bitcoin’s fundamental thesis has changed drastically.

The hard truth? 21 million is no longer the maximum supply.

I’ve been in this game since the Mt. Gox days.

We used to worry about exchange hacks.

Now? We should be worrying about financialization.

If you think bitcoin is purely supply vs. demand, you’re trading a market that doesn't exist anymore.

Maxis won’t tell you this, but bitcoin has been fractionalized.

Wall Street didn’t buy bitcoin to pump your bags and make you rich lol.

They bought it to turn it into a fee-generating instrument, just like they did with gold in the 80s.

The paper bitcoin multiplier:

In the old days, 1 BTC = 1 BTC.

You held the keys, you owned the asset.

Today, thanks to ETFs, lending, and the futures/derivatives complex, one bitcoin can support multiple layers of claims and price exposure at the same time.

Here’s the idea:

1. The Base: 1 real BTC sits with a custodian (backing an ETF or large holder).

2. The Hedge: Market makers and funds use CME futures/options to hedge that exposure.

3. The Leverage: Traders take perp positions (cash-settled) that multiply BTC exposure without touching spot.

4. The Wrapper: BTC can be locked and tokenized (wrapped) for DeFi yield, creating another claim layer.

5. The Note: Banks issue structured products tied to BTC price/volatility. More exposure, more claims.

That’s one coin on-chain.

But it’s FIVE CLAIMS in the order book.

When supply is elastic (via derivatives), scarcity is irrelevant in the short term.

They can print infinite paper BTC to absorb demand, capping rallies and forcing liquidations whenever they want liquidity.

This is exactly how they destroyed Gold's volatility.

Can it be fixed?

There’s only one way to make the 21 Million cap real again.

Get your coins off exchanges and take self-custody.

As long as your coins are sitting on a centralized ledger, they’re being used as collateral to bet against you.

That doesn’t make me bearish long term, because I’ve seen this same setup before.

Btw I’ll share a new BTC update very soon, do not miss it.

Remember, I called the EXACT bitcoin top at $126k in october.

When I start deploying capital again, I’ll say it here like I always do.

A lot of people will regret not following me.
#RiskAssetsMarketShock #MarketCorrection #WhenWillBTCRebound #ADPDataDisappoints

Bitcoin DUMPED below $66,000.

Not because of news.
Not because of panic.
This was a LIQUIDITY EVENT.

Nothing failed in Bitcoin itself.

What failed was GLOBAL FUNDING CONDITIONS.

Before BTC dumped, the signals were already flashing:
> Bond yields ripping
> Repo markets tightening
> Dealers pulling balance sheets
> Risk models flipping to capital preservation

Crypto didn’t move first.
It moved FASTEST.

That’s why BTC always gets hit early.

THIS WAS FORCED SELLING.

Not “investors losing faith”.

This was:
→ Margin getting pulled
→ Collateral re-rated
→ Funds cutting exposure
→ Selling what’s liquid, not what’s loved

BTC trades 24/7.
So it becomes the first source of cash.

Once key levels broke:
→ Stops triggered
→ Liquidations cascaded
→ Price fell through thin liquidity

$70K wasn’t just psychological.
It was a risk-model trigger.

After that, machines took over.

WHY ALTS GOT DESTROYED?

Altcoins aren’t safe havens.

In stress:
> BTC is sold
> Alts are dumped
> Narratives die last

That’s why you saw -30% to -60% in hours.

Liquidity left the room.

WHAT THIS DUMP IS REALLY SAYING?

This wasn’t the end.
But it was a warning.

It tells you:
→ Leverage is still too high
→ Liquidity is fragile
→ The “central bank put” is questioned

Crypto crashes when funding breaks.

That’s what Feb 5 was.

WHAT TO WATCH NEXT

Not price.

Watch:
> Bond yields
> Repo stress
> Dollar funding
> Stablecoin flows

$BTC is a lagging indicator here.

I have been in market for over 10 years now and when I will start buying the BOTTOM I will publicly call it here.

Follow me and keep NOTIFICATIONS ON to not miss my next move.

Don't become exit liquidity...

#RiskAssetsMarketShock #MarketCorrection #WhenWillBTCRebound #ADPDataDisappoints #JPMorganSaysBTCOverGold

If you still think $BTC trades like a supply-and-demand asset, you MUST read this carefully.
Because that market no longer exists.
What you’re watching right now is not normal price action.
It’s not “weak hands.”
It’s not sentiment.
And it’s definitely not retail selling.
Most people are completely unaware what’s happening.
And by the time it becomes obvious, the damage is already done.
This move didn’t start today.
It’s been building quietly under the surface for months.
And now it’s accelerating.
Here’s the truth:
The moment supply can be synthetically created, scarcity is gone.
And when scarcity is gone, price stops being discovered on-chain and starts being set in derivatives.
That is exactly what happened to Bitcoin.
And it’s the same structural break that already happened to:
→ Gold
→ Silver
→ Oil
→ Equities
Once derivatives took over.
The original Bitcoin thesis is broken.
Bitcoin’s valuation was built on two ideas:
→ A hard cap of 21 million
→ No rehypothecation
That framework died the moment Wall Street layered this on top of the chain:
→ Cash-settled futures
→ Perpetual swaps
→ Options
→ ETFs
→ Prime broker lending
→ Wrapped BTC
→ Total return swaps
From that point forward Bitcoin supply became theoretically INFINITE.
Not on-chain.
But in price discovery, which is what actually matters.
Synthetic Float Ratio (SFR).
The metric that explains everything.
Once synthetic supply overwhelms real supply, price no longer responds to demand.
It responds to positioning, hedging, and liquidation flows.
Wall Street can now trade against Bitcoin.
They’re not guessing direction.
They’re doing what they do in every derivatives-dominated market:
Create unlimited paper BTC Short into rallies Force liquidations Cover lower Repeat

This isn’t “betting.”
It’s inventory manufacturing.
One real BTC can now simultaneously back:
→ An ETF share
→ A futures contract
→ A perpetual swap
→ An options delta
→ A broker loan
→ A structured note
All at THE SAME TIME.
That’s six claims on one coin.
That is not a free market.
That is a fractional-reserve price system wearing a Bitcoin mask.
Ignore it if you want, but don’t pretend you weren’t warned.
I’ve been calling Bitcoin tops and bottoms for over a decade now, and I’ll do it again in 2026.
Follow and turn on notifications before it's too late.
#RiskAssetsMarketShock #MarketCorrection #WhenWillBTCRebound #WarshFedPolicyOutlook #ADPDataDisappoints

As of February 5 2026 Bitcoin is struggling with a "Liquidity Drought" and Extreme Fear (Level 11). But price action isn't just about sentiment it's about the technical " rigging" of the order books. Here is how the manipulation is currently working.
1. The "Ghost Wall" (Advanced Spoofing) 🧱
Whales are currently placing massive "Buy Walls" at the $70,000 psychological floor.
The Manipulation Data shows these are not real orders. In high frequency trading (HFT) these are "Phantom Walls" meant to disappear milliseconds before the price touches them.
The Goal They trick retail into buying the "support" then pull the wall to trigger a "Long Squeeze" dropping the price instantly into deep stop loss zones.
2. Stop Loss Hunting (Liquidity Sweeps) 🎯
Exchanges and whales are targeting the "cluster" of stop loss orders sitting just below current swing lows.
The Technique A sudden "wick" or flash crash is engineered to hit these stops. This creates a cascade of forced selling, providing the massive volume a whale needs to fill their own "Buy" orders without pushing the price up prematurely.
Research Signal Watch for high volume spikes on "red candles" that leave long lower wicks that is a whale "hunting" your liquidity.
3. The CME Gap Magnet 🧲
Institutional futures charts show a massive unfilled gap between $77,400 and $84,000.
The Play Manipulators keep the price suppressed below $72,000 to trap "Shorts" and weak hands. Historically the price will eventually "snap" back to fill these institutional gaps but only after enough retail traders have been liquidated.
My Strategic Move Buying the Purge 💎
I am not looking at the "fake" walls for guidance. I am looking at the Cumulative Volume Delta (CVD).
Personal Strategy & Risk Disclosure
My Position
I personally intend to accumulate and buy at these levels because the market is technically "oversold" with the RSI hitting 22 (historical lows). My strategy involves laddering buy orders within the $68,000 to $71,000 range to capture the potential bottom.
Risk Warning
However you must conduct your own independent research before making any moves. We are currently in a high volatility "Death Cross" environment. If Bitcoin fails to hold the $70,000 level on a daily close, the next major support zone is significantly lower near $65,000.
Are you being hunted or are you hunting the bottom with the whales? Drop your research below! 👇

The central issue is Price Discovery.
Many still believe Bitcoin’s price is determined on-chain, based on its fixed supply of 21 million coins. That framework depended on one critical assumption: that Bitcoin’s scarcity directly constrained tradable supply.
That assumption once held.
It no longer does.
Today, price is set by the marginal buyer, not by total supply, and the marginal buyer now operates overwhelmingly in derivatives markets, not in spot, on-chain transactions.
Once supply can be synthetically expanded at the margin, scarcity ceases to be the primary determinant of price. The asset begins to trade as a derivatives-led market, rather than as a pure supply-and-demand commodity.
This structural shift is precisely what has occurred in Bitcoin.
Yet, this is not a failure of Bitcoin. It is a sign of financial maturation. The same transition occurred in gold, silver, oil, and eventually equities, where derivatives volumes came to dwarf physical settlement.
To remain profitable, you must recognise that Bitcoin is no longer trading under its original market structure.
The Broken Assumptions
Bitcoin’s original valuation framework rested on two core premises
1. A finite supply capped at 21 million coins
2. An inability to be rehypothecated at scale
Those premises weakened once layered financial instruments became dominant, including
● Cash-settled futures
● Perpetual swaps
● Options
● ETFs
● Prime broker lending
● Wrapped Bitcoin
● Total return swaps
From that point onward, on-chain scarcity stopped determining the marginal price.
Bitcoin did not lose its hard cap. What it lost was scarcity at the margin.
The Key Metric Synthetic Float Ratio (SFR)
This shift is best explained through a single concept Synthetic Float Ratio (SFR).
When total synthetic claims on Bitcoin exceed the freely tradable spot float, price discovery migrates away from spot markets and into leveraged derivatives.
At that stage, Bitcoin begins to trade like every other fully financialised asset.
Why Institutions Can Trade Against Bitcoin
At this point, Bitcoin struggles to attract incremental long-term institutional capital, not because institutions reject Bitcoin, but because they no longer need to own it.
Why buy and hold the asset when exposure can be manufactured synthetically?
This enables the standard derivatives-market playbook:
1. Expand synthetic exposure
2. Short into rallies
3. Force liquidations
4. Cover at lower prices
5. Repeat
Institutions are not creating Bitcoin though, they are creating claims on Bitcoin. A single BTC can simultaneously support:
● An ETF unit
● A futures contract
● A perpetual swap
● An options delta
● A broker loan
● A structured note
That is multiple claims on the same underlying asset.
The Conclusion
This is no longer pure price discovery.
It is a fractional-reserve pricing system, where derivatives not physical scarcity determine the marginal price.
Bitcoin has not failed. But it is no longer the market that many people believe they are trading in.
#WhaleDeRiskETH #ETFvsBTC #ADPDataDisappoints #BitcoinDropMarketImpact

The $XRP market is currently witnessing a massive shakeout. With the Fear & Greed Index hitting an alarming 11 (Extreme Fear) $140M has recently moved to exchanges signaling significant panic selling. However beneath the surface some contrarian signals are emerging.
Current Market Snapshot
XRP is trading at roughly $1.44 reflecting a 10.87% drop in 24 hours and a heavy 33.49% decline over the last month . With a market cap of $87.07B and $5.47B in volume, the net inflow of $144.7K to exchanges confirms that retail panic is in full swing.
Technical Blueprint & Strategy
The charts show a neutral RSI at 43, meaning XRP isn't technically "oversold" yet, while the MACD remains firmly bearish.
Support Zones Watch $1.37 closely.If this fails the next critical floor is at $1.28.Resistance Wall Bullish momentum only returns if we reclaim $1.58 with further targets at $1.60 and $1.70 . Action Plan Short-term accumulation could be considered between $1.37–$1.40, but a tight stop-loss below $1.35 is mandatory.
The Whale vs.Trader Battle
There is a massive divergence in positioning right now.
Whale Bias Large holders are heavily leaning bearish, with 680 short positions vs.only 473 longs.The Rebound Signal Interestingly top traders are showing net buying activity ($2.78M buys vs. $2.50M sells in the last hour) . This suggests that while whales are shorting savvy traders are picking up the dip.
Fundamental Catalyst
Despite the price action Ripple continues to expand its regulatory footprint securing EMI licenses in the UK and Luxembourg while CME is exploring XRP futures . The long term infrastructure is growing, even if the short-term price is bleeding.
Risk Warning & Position Sizing ⚠️
Extreme fear at level 11 can often lead to an additional 10-15% downside before a real bottom is found.
Recommendation Keep position sizing below 3% of your total capital.Avoid high leverage and watch the $1.37 level like a hawk.Are you buying this blood in the streets, or waiting for $1.28? Let’s discuss below. 👇
#xrp #CryptoSecurity #TechnicalAnalysis #MarketUpdate #BinanceSquare

Crypto prices today are in the red as forced liquidations and weak demand pushed major tokens lower.
SummaryExtreme fear dominated sentiment, with the Fear & Greed Index at 12.Analysts see $70,000 as the next key level for Bitcoin.Short-term recovery possible if BTC holds $72,000–$74,000 and spot inflows resume.
At press time, total crypto market capitalization was down 4.4% to $2.35 trillion. Bitcoin fell 5.5% in the past 24 hours to $73,103. Almost all top 100 altcoins were in the red.
Solana briefly slipped below $90, a level last seen in 2024, and was trading at $91, down 7.6%. Uniswap declined 3% to $3.78, while Pump.fun dropped 6% to $0.002271.
Alternative’s Fear and Greed Index fell two points to 12, remaining in the extreme fear range. The average relative strength index across the market was at 40, showing weak short-term momentum.
In addition, total open interest fell 4% to $106 billion, indicating continued deleveraging.
Liquidations put pressure on crypto prices
Much of the selling pressure came from forced liquidations in leveraged futures and perpetual contracts. Traders holding highly leveraged long positions faced margin calls, leading exchanges to automatically close those positions. This added to the selling and contributed to cascading losses.
According to CoinGlass data, long positions accounted for $520 million of the $650 million in total liquidations, which rose by 22% over the previous day. Since late January 2026, cumulative liquidations have now reached about $7 billion, contributing to a market capitalization drop of roughly $500 billion in the same period.
Open interest is now at multi-month lows in several markets, indicating that over-leveraged positions are being cleared.
Other pressures are coming from risk-averse behavior across financial markets. Crypto has moved alongside declines in technology stocks, mostly AI-related shares. Hawkish signals from the Federal Reserve, including expectations for higher interest rates for longer, have reduced liquidity and made speculative assets less attractive.
Institutional flows have weakened as well. Spot Bitcoin exchange-traded funds have seen outflows in recent weeks, while a negative Coinbase premiums and selling by large holders has added steady pressure.
Short-term outlook and analyst views
The short-term outlook for crypto is cautious. Bitcoin has broken support in the $75,000–$78,000 range, and many analysts are watching $70,000 as the next test level. If the price falls below that, it could move toward $65,000–$68,000 if selling intensifies.
On the upside, a hold above $72,000–$74,000 could allow a relief rally toward $82,000–$88,000 by late February. Liquidity is thin, and market swings could be sharp if macroeconomic news or Fed updates influence sentiment.
Polymarket odds now show an 82% probability of Bitcoin falling below $70,000. Analysts at Citi noted that slowing spot ETF inflows and regulatory uncertainty could push Bitcoin toward that level. In a February 4 report, Citi highlighted that the average entry price for spot ETF investors is $81,600.
Compared with gold, which has gained amid geopolitical concerns, Bitcoin is more sensitive to liquidity and risk appetite. According to Citi, delays in the U.S. CLARITY crypto bill and shrinking liquidity from the Federal Reserve are also adding pressure.
As of now, traders are watching closely to see whether oversold conditions and historical February trends will create opportunities for short-term relief.
#ADPDataDisappoints #UNI #solana #pump #USIranStandoff

Futures traders drastically reduced their activity as Bitcoin’s weakness extends and new year-to-date lows become a daily occurrence. Cointelegraph reviews traders’ BTC price expectations.
Bitcoin’s struggle to hold above $70,000 carried on into Wednesday, raising concerns that the a drop into the $60,000 range could be the next stop. The sell-off was accompanied by futures market liquidations, a $55 billion drop in $BTC open interest (OI) over the past 30 days, and rising Bitcoin inflows to exchanges.
The price weakness has analysts debating whether crypto-specific factors or larger macro-economic issues are the driving factor behind the sell-off and what it may mean for BTC’s short-term future.
Key takeaways:
Around 744,000 BTC in open interest exited major exchanges in 30 days, equal to roughly $55 billion at current prices.BTC futures cumulative volume delta (CVD) fell by $40 billion over the past 6-months.Crypto exchange reserves have risen by 34,000 BTC since mid-January, increasing the near-term supply risk.
BTC open interest collapse points to large-scale deleveraging
CryptoQuant data noted that Bitcoin’s 30-day open interest change shows a sharp contraction across exchanges, reflecting widespread position closures, not just freshly opened short positions.
On Binance, the net open interest fell by 276,869 BTC over the past month. Bybit recorded the largest decline at 330,828 BTC, while OKX saw a reduction of 136,732 BTC on Tuesday.
In total, roughly 744,000 BTC worth of open positions were closed, equivalent to more than $55 billion at current prices. This drop in open positions coincided with Bitcoin’s drop below $75,000, indicating deleveraging as a driving factor, not just spot selling.

📷Bitcoin open interest 30D change. Source: CryptoQuant
Onchain analyst Boris highlighted that the cumulative volume delta (CVD) data shows market sell orders continue to dominate, particularly on Binance, where derivatives CVD sits near -$38 billion over the past six months.
Other exchanges show varying dynamics: Bybit’s CVD flattened near $100 million after a sharp December liquidation wave, while HTX stabilized at -$200 million in CVD as the price consolidates near $74,000.
Related: Bitcoin bounces to $76K, but onchain and technical data signal deeper downside
Increased exchange flows add pressure as analysts watch key levels
Meanwhile, Bitcoin inflows to exchanges surged in January, totaling roughly 756,000 BTC, led by Binance and Coinbase. Since early February, inflows have exceeded 137,000 BTC, underscoring traders’ repositioning and not necessarily leaving the market.
On the supply side, analyst Axel Adler Jr. noted that exchange reserves have risen from 2.718 million BTC to 2.752 million BTC since Jan. 19. The analyst warned that continued growth above 2.76 million BTC could increase selling pressure. The analyst believed that a complete capitulation is yet to take place, which may happen at lower price levels.

📷Bitcoin exchange reserves. Source: CryptoQuant
Market analyst Scient said Bitcoin is unlikely to form a bottom in a single day or week. Durable market bottoms may develop through two to three months of consolidation near the major support zones, with higher time frame indicators. Scient noted that whether this structure forms in the high $60,000 range or the low $50,000 level remains unclear.
Bitcoin Trader Mark Cullen continues to see potential downside toward $50,000 in a broader macro scenario, but expects a short-term reversion toward the local point of control ($89,000 to $86,000) after BTC swept weekly lows below $74,000 on Tuesday.
#ADPDataDisappoints #TrumpEndsShutdown #TrumpProCrypto #EthereumLayer2Rethink? #BTC