Trending news for February 11, 2026, is dominated by significant volatility in the cryptocurrency market and high-stakes economic data in traditional finance.
Trending Market News
* Crypto Leverage Flush: A massive "leverage flush" has wiped out over $300 million in leveraged positions since yesterday as major assets like Bitcoin and Ethereum saw sharp declines.
* Institutional Adoption: Despite the dip, Danske Bank launched Bitcoin and Ethereum investment products for customers, and Franklin Templeton partnered with Binance to allow tokenized money market funds as trading collateral.
* Economic Catalysts: Markets are awaiting the delayed Nonfarm Payrolls (NFP) report and Friday's CPI inflation data, which are expected to dictate the next major move for the S&P 500.
Technical Analysis & Chart Patterns
1. Bitcoin (BTC/USDT)
* Chart Pattern: Currently in a near-term downtrend on the daily bar chart, characterized by three consecutive sessions of lower lows.
* Resistance: The critical level to reclaim is $68,000 (200-week exponential moving average). A further hurdle lies at $74,000.
* Support: Immediate testing of $66,000. If this fails, the next accumulation zone is between $60,000 and $62,000.
2. Ethereum (ETH/USDT)
* Chart Pattern: The 4-hour chart is decidedly bearish after a rejection at the $2,100 resistance. It has dropped below the psychological $2,000 level.
* Resistance: Immediate resistance is now at $2,000, with heavy supply expected up to $2,150.
* Support: Significant support is at $1,879 – $1,898, where a large cluster of realized positions exists. A break below this could lead to the Friday low of $1,740.
3. S&P 500 Index
* Chart Pattern: Consolidation pattern below the 7,000 mark. It recently showed a rejection at its all-time high resistance zone.
* Resistance: The psychological 7,000 level and current all-time high (ATH) at 7,020.
* Support: Immediate "barometer" support at 6,920 (session lows and key moving averages). A breach here targets 6,880 – 6,900.
$BTC $ETH #USNFPBlowout #USTechFundFlows
