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Bitcoin briefly dipped below the $72,000 level during the latest wave of selling before staging a quick rebound back above $73,000, offering a short-lived sense of stability in an otherwise fragile market.

Key takeaways
Bitcoin briefly fell below $72,000 before quickly reclaiming the $73,000 level.Extreme fear and heavy liquidations continue to dominate market sentiment.Analysts are split between historical bottom signals and ongoing macro-driven downside risks.
Despite the bounce, sentiment remains deeply bearish, with Bitcoin still nursing losses of nearly 20% over the past seven days as volatility continues to dominate trading conditions.
The move below $72,000 triggered a fresh burst of liquidations across major exchanges, accelerating downside momentum before buyers stepped in. While the rebound suggests demand remains present at lower levels, the recovery has so far lacked strong follow-through, keeping traders cautious about the market’s near-term direction.
Market Structure Weakens Despite Short-Term Rebound
From a technical standpoint, Bitcoin’s broader structure remains under pressure. The recent drop broke through several key support zones on lower timeframes, reinforcing the prevailing downtrend even as price reclaimed $73,000. Elevated volume during the sell-off points to forced selling rather than controlled distribution, a pattern commonly seen during periods of heightened fear.
Still, some analysts argue that extreme conditions may be setting the stage for a potential turning point. Crypto analyst Michael van de Poppe highlighted that when Bitcoin is measured against the S&P 500, the weekly RSI is approaching the lowest levels ever recorded. Similar readings in 2015 and 2022 coincided with major bear market bottoms, suggesting the current environment could be closer to exhaustion than continuation.
https://twitter.com/CryptoMichNL/status/2019151199866614134
Institutions Warn Liquidity Risks Persist
Caution remains high among traditional financial players. Investment firm Stifel recently warned that Bitcoin could still face substantial downside if macro conditions fail to improve. The firm pointed to tight Federal Reserve policy, slowing progress on U.S. crypto regulation, declining liquidity, and continued ETF outflows as factors that could pressure prices further based on historical market cycles.
Sentiment indicators reflect this uncertainty. Market psychology has sunk into “extreme fear,” a level typically associated with declining participation from both retail and institutional investors. While such conditions have historically preceded sharp rebounds, they have also been known to persist longer than many expect.
Altcoins Lag as Risk-Off Mood Dominates
Altcoins remained under heavy pressure even as Bitcoin stabilized above $73,000. Ethereum, Solana, and XRP all posted sharp weekly losses, with Solana standing out as one of the weakest performers over the past 24 hours. The uneven recovery underscores a broader risk-off environment, where capital remains concentrated on defensive positioning rather than chasing rebounds.
For now, Bitcoin’s ability to hold above $73,000 may determine whether the market can consolidate or if renewed selling pushes prices back toward recent lows.
#BTC

The crypto market remains under heavy pressure as selling accelerates across both majors and altcoins, extending the recent downturn and keeping sentiment firmly in risk-off mode.

Key Takeaways
Bitcoin and major altcoins continue to trend lower, keeping market sentiment under pressure.Solana is the biggest loser over the past 24 hours as altcoin weakness deepens.Liquidations jumped to nearly $880 million, amplifying losses across the market.
Bitcoin continued its slide, trading near $72,500 after another weak session. The world’s largest cryptocurrency is now down sharply on the week, with buyers struggling to step in as volatility stays elevated and liquidation pressure builds across derivatives markets. This is the lowest level BTC has hit since 2024.
Altcoins are following the move lower, with losses broad-based across the top of the market. Solana stands out as the biggest underperformer over the past 24 hours, dropping close to double digits as risk appetite fades.

Ethereum, BNB, XRP and Dogecoin have also posted notable daily declines, reinforcing the defensive tone.
The selloff triggered a fresh wave of forced liquidations. According to market data, total crypto liquidations surged to nearly $880 million over the past 24 hours, with long positions accounting for the vast majority.
The imbalance highlights how crowded bullish positioning had become before prices rolled over. Additionally the crypto market cap dropped 3.88% to $2.47 trillion
The drawdown is also weighing on large institutional holders. Michael Saylor’s firm, Strategy, is now sitting on an unrealized loss of roughly $2.1 billion on its Bitcoin holdings as prices trade well below the company’s average purchase levels.
While Strategy maintains a long-term view, the current market environment underscores how quickly paper losses can expand during sharp corrections.
With macro uncertainty still high and leverage being flushed out, traders are bracing for continued volatility. Until liquidation activity cools and spot demand stabilizes, the crypto market remains vulnerable to further downside.
#crypto

Ripple had one of its busiest weeks in months, rolling out regulatory, institutional, and tokenization developments even as XRP’s price struggled alongside the broader crypto market.

Key Takeaways
Ripple locked in key EU and UK regulatory approvals, expanding its regulated footprint across Europe.Institutional activity picked up with new brokerage support and large-scale real-world asset tokenization on XRPL.RLUSD supply and liquidity continued to grow, with new mints, a Binance listing, and a planned Japan launch.XRP price weakened despite ETF inflows, sliding toward the $1.50 support amid market-wide sell-offs.
At the start of the week, Ripple secured full approval for an Electronic Money Institution license from Luxembourg’s CSSF, giving the company the green light to offer regulated payment services across all 27 EU member states.
The approval builds on Ripple’s January milestone in the UK, where it obtained both an EMI license and cryptoasset registration from the FCA, allowing it to operate directly out of London’s financial district. Together, the EU and UK licenses significantly expand Ripple’s regulated footprint in two of the world’s most important financial hubs.
Institutional expansion and real-world tokenization
Ripple’s institutional arm also made moves this week. Ripple Prime announced support for Hyperliquid, opening the door for institutional clients to access on-chain derivatives liquidity within a single brokerage framework.
At the same time, Ripple partnered with Billiton Diamond and Ctrl Alt to tokenize more than $280 million worth of certified polished diamonds from the UAE on the XRPL. The initiative relies on Ripple’s enterprise custody infrastructure to track provenance and ownership history, although secondary market trading is still pending final regulatory clearance.
The deal highlights Ripple’s growing focus on real-world asset tokenization beyond traditional payments.
Stablecoin growth, ETFs, and market pressure on XRP
On the stablecoin front, RLUSD’s circulating supply climbed to around $1.39 billion after a fresh mint aimed at meeting rising institutional demand for real-time settlement. Ripple is also working with SBI on plans to distribute RLUSD in Japan in early 2026, targeting enterprise use cases.
Liquidity received another boost in late January when Binance listed RLUSD against USDT and XRP.
Meanwhile, XRP-related exchange-traded funds have now attracted more than $1.37 billion in net inflows since their late-2025 launch, with issuers including Canary Capital, Bitwise, Franklin Templeton, Grayscale, and 21Shares. Despite the institutional momentum, XRP has been under pressure, testing a key support level around $1.50 after falling nearly 20% over the past week amid heavy liquidations and a broader market sell-off. Additionally Bank of America revealed a new filling showing exposure to XRP ETFs.
Conclusion
Looking ahead, Ripple is set to host XRP Community Day on February 11–12, with leadership including CEO Brad Garlinghouse expected to outline strategic priorities and discuss wrapped asset developments. The event comes at a moment when Ripple’s regulatory and enterprise progress is accelerating, even as short-term price action for XRP remains under strain.
#Ripple

Ethereum is flashing a rare disconnect between price and fundamentals, a setup that hasn’t been seen since the depths of the last major bear market.

Key Takeaways
Ethereum usage is at record highs while price remains far below its peak, echoing the 2019 setup.Liquidations have reset leverage, with $2,100 flagged by traders as the key decision level.The gap between fundamentals and price is raising questions about a potential mispricing.
Network usage has surged to all-time highs, while ETH continues to trade roughly 50% below its peak, leaving analysts increasingly focused on whether the market is mispricing the asset.
Ethereum Network Activity Hits Record Highs
On-chain data shows Ethereum’s active addresses interacting with smart contracts climbing to around 3.4 million, a record level and nearly three times higher than the peak seen during the 2021 bull cycle.
This rise in activity comes despite a prolonged price drawdown, pointing to sustained usage across DeFi, infrastructure, and on-chain applications even as market sentiment remains fragile.

A Familiar Pattern From the 2019 Lows
A similar divergence played out in early 2019. At the time, Ethereum was trading near $1,200 and widely dismissed by the market. Yet roughly 1.2 million addresses were actively using the network as developers continued building during the bear market. That period ultimately marked the start of a powerful multi-year rally that carried ETH to nearly $4,800.
Price Weakness Versus Growing Adoption in 2026
The current cycle shows an even sharper contrast. Ethereum’s price has been cut roughly in half from its peak near $6,400, while network participation has expanded far beyond previous highs. Active addresses with contract interactions now sit at about 3.4 million, highlighting how the scale of adoption in 2026 dwarfs the levels seen during the last major accumulation phase.
Liquidations Reset Leverage Across the Market
Recent volatility has triggered heavy deleveraging. More than $312 million in Ethereum positions were liquidated over a short period, with long positions accounting for the majority of the losses. This flush of leverage suggests that speculative excess has been reduced, potentially lowering immediate downside risk if selling pressure begins to ease.
Key Levels Highlighted
Market analyst Daan Crypto Trades pointed out that Ethereum has successfully defended the $2,100 area on a second test, reinforcing it as a must-hold zone for bulls. According to his analysis, this horizontal range is one of the most important areas to watch, as it has repeatedly acted as both support and resistance across multiple market cycles.

He notes that Ethereum’s price structure remains highly level-driven at this stage. A clean break above nearby resistance levels would open the path toward the next upside target, while a loss of the $2.1K region could accelerate downside momentum toward lower support zones. In his view, Ethereum is currently in a binary phase where reactions at these horizontal levels matter more than indicators or narratives, with price direction likely to follow whichever level gives way first.
From a technical standpoint, Ethereum remains under pressure in the near term. RSI has spent time near oversold territory, reflecting stretched selling conditions, while MACD remains negative but shows early signs of stabilizing. The $2,100-$2,150 zone has emerged as a critical support area, with repeated defenses attracting close attention from traders.
Is Ethereum Being Mispriced Again?
The broader question facing the market is whether Ethereum is once again being underestimated. With network activity at record highs and price still lagging well behind prior peaks, the current setup echoes a period when fundamentals quietly improved before price followed. Whether history rhymes again will likely depend on how ETH behaves around key support levels in the weeks ahead.
#ETH

Bitcoin se tranzacționează în jurul valorii de $73,700 în momentul redactării, rămânând sub presiune pe măsură ce sentimentul bearish continuă să domine piața.

Puncte cheie
Bitcoin se menține aproape de $73,700 în ciuda sentimentului bearish puternic.
Scăderea scăzută din aprilie cu volum mare sugerează o capitulare locală.
Perspectiva pe termen lung pentru 2026 rămâne constructivă.
Sesiunile recente au fost definite de volatilitate crescută, încredere scăzută în activele riscante și incertitudine macroeconomică persistentă, toate acestea având un impact asupra acțiunii de preț pe termen scurt. Cu toate acestea, mai mulți analiști susțin că structura mai largă indică în continuare un proces de atingere a fundului mai degrabă decât începutul unei faze de urs prelungite.

CoolWallet a introdus suport pentru servicii de închiriere de energie în ecosistemul blockchain TRON, oferind utilizatorilor o modalitate mai eficientă din punct de vedere al costurilor de a tranzacționa, menținând în același timp auto-păstrarea completă.

Puncte Cheie
CoolWallet a integrat închirieri de energie TRON, reducând costurile de tranzacție fără a sacrifica auto-păstrarea.
Utilizatorii pot reduce arderea TRX și plăti taxe folosind fie TRX, fie USDT pe rețeaua TRON.
TRX se tranzacționează aproape de $0.28 pe măsură ce tokenul se consolidează după slăbiciunea recentă a pieței.
Integrarea permite deținătorilor de tokenuri TRX și TRC-20 să reducă taxele de tranzacție direct prin portofelul hardware CoolWallet, asociat cu aplicația sa mobilă, fără a renunța la controlul cheilor private.

Crypto markets remain under heavy pressure as risk appetite deteriorates further, with Bitcoin slipping back below the $74,000 level amid broad-based selling across majors and altcoins.

Key takeaways
Total crypto market capitalization has fallen to around $2.58 trillion, down more than 2% on the dayBitcoin is trading near $74,000 after a sharp daily drop, extending weekly lossesEthereum and major altcoins continue to underperform, reinforcing a risk-off environmentThe Crypto Fear & Greed Index remains stuck in “extreme fear,” while RSI readings signal oversold conditions
The latest market data shows declining capitalization, deeply negative sentiment, and technical indicators flashing oversold conditions, underscoring the fragile state of the market.
Market pressure deepens as Bitcoin tests key support
Bitcoin is currently trading around $74,000 after failing to hold higher levels earlier in the week. On a daily timeframe, the price is down roughly 5% over the past 24 hours and more than 17% over the past seven days, according to the market overview. The sell-off has pushed Bitcoin toward a critical support zone that previously acted as a consolidation area during prior pullbacks.

From a technical perspective, Bitcoin’s Relative Strength Index has dropped to the low 20s on the daily chart, well into oversold territory. At the same time, the MACD remains deeply negative, with widening histogram bars suggesting bearish momentum is still dominant. Volume has picked up during the decline, indicating that selling pressure remains active rather than exhausted.
Ethereum has shown relative weakness, falling below $2,150 and posting losses approaching 7% on the day and nearly 29% on a weekly basis. Altcoins have followed suit, with Solana, XRP, and BNB all recording mid-to-high single-digit daily declines, reinforcing the lack of rotation into higher-risk assets.
Broader market indicators echo the caution. The Altcoin Season Index remains subdued, signaling continued Bitcoin dominance despite its own weakness. Meanwhile, the average crypto RSI sits in oversold territory, hinting that downside momentum may be maturing, but without confirmation of a sustained rebound.
Until sentiment stabilizes and Bitcoin decisively reclaims key technical levels, the market is likely to remain volatile and headline-sensitive. Any near-term bounce may be corrective in nature, with traders watching closely for signs of either capitulation or a shift back toward risk-taking behavior.
Polymarket Odds Signal Growing Regulatory Momentum
The sharp move in Polymarket odds underscores a growing belief that U.S. crypto market structure legislation is gaining real momentum. According to the prediction platform, the probability that Bitcoin and broader crypto market structure rules will be signed into law this year has surged above 70%, reflecting shifting expectations among traders and political observers alike.

This optimism follows a series of regulatory signals, including more constructive rhetoric from lawmakers and regulators, as well as increasing engagement between policymakers, traditional financial institutions, and crypto industry leaders. If passed, comprehensive market structure legislation could clarify jurisdictional boundaries, reduce enforcement-driven uncertainty, and create a clearer path for institutional adoption. While near-term price action remains sensitive to macro and liquidity conditions, the rise in Polymarket odds suggests that regulatory clarity - long seen as a major overhang - may finally be moving closer to reality.
#BTC

Bank of America a dezvăluit dețineri legate de un produs tranzacționat pe bursă XRP, marcând un alt moment notabil în integrarea treptată a activelor digitale în finanțele tradiționale.

Aspecte cheie
Bank of America a dezvăluit o expunere indirectă la XRP prin acțiuni ale ETF-ului Volatility Shares XRP.
Prețul XRP sub presiune în contextul unei tendințe generale de scădere a pieței.
Ripple a obținut o licență EMI valabilă în toată UE și și-a extins ofertele instituționale prin Ripple Prime.
Documentele de reglementare arată că banca deține aproximativ 13,000 de acțiuni legate de ETF-ul Volatility Shares XRP, oferindu-i o expunere indirectă la XRP fără a deține direct tokenul.

Binance has stepped in as Bitcoin slid to multi-month lows, completing another major purchase for its SAFU insurance fund during a period of heavy market stress.

Key Takeaways
Binance added $100M in Bitcoin to its SAFU fund during the market dip.Bitcoin slipped below $73K before rebounding to around $76K amid heavy liquidations.Bearish sentiment remains dominant as macro uncertainty continues to pressure markets.
The exchange acquired 1,315 BTC worth roughly $100.4 million, according to data from Arkham Intelligence, bringing its recent accumulation to 2,630 BTC valued at around $201 million.
The move is part of Binance’s broader plan to convert $1 billion of SAFU reserves from stablecoins into Bitcoin, a process the company has been executing in batches. The latest conversion was finalized as bearish sentiment dominated crypto markets and volatility spiked across major assets.
Bitcoin stabilizes after sharp drop
Bitcoin briefly fell below the $73,000 level during the selloff before recovering to around $76,000, as buyers stepped in following the liquidation cascade. Despite the rebound, price action remains fragile, with traders cautious amid persistent macro and geopolitical uncertainty.
Liquidations surged alongside the decline. Over the past 24 hours, total liquidations reached roughly $681 million, with long positions accounting for about $508 million, highlighting how aggressively bullish bets were flushed out during the downturn. Short liquidations stood near $173 million, suggesting bears largely stayed in control.
Bearish sentiment collides with macro uncertainty
Market mood remains defensive as investors weigh broader political and economic developments. In Washington, a deal between Senate Democrats and President Donald Trump ended a short-lived partial US government shutdown. However, funding for the Department of Homeland Security remains unresolved, with lawmakers still divided over reforms related to ICE and the Border Patrol.
At the same time, international tensions continue to simmer. The European Union has signaled interest in strengthening cooperation with Washington on critical rare earth minerals, underscoring how supply chains and strategic resources are becoming increasingly politicized.
Against this backdrop, Binance’s steady accumulation through its SAFU fund stands out as a rare sign of confidence, even as broader crypto sentiment remains tilted to the downside and traders brace for further volatility.
#Binance #bitcoin

Piețele crypto rămân sub presiune, dar datele noi despre fluxurile ETF arată semne timpurii de stabilizare selectivă sub suprafață, chiar dacă sentimentul general rămâne ferm negativ.

Puncte Cheie
ETFs spot Bitcoin au înregistrat ieșiri nete pe 3 februarie, extinzând faza de distribuție din ianuarie
ETFs Ethereum au arătat ieșiri nete marginale, sugerând o stabilizare tentativă
ETFs Solana au continuat să atragă intrări modeste, dar constante, în ciuda slăbiciunii mai ample a pieței
ETFs spot XRP au înregistrat o ieșire netă notabilă, ieșind în evidență față de prudența generală a sectorului

Piețele cripto rămân sub presiune pe măsură ce apetitul pentru risc rămâne redus, cu indicatori de sentiment care flash-uiesc o prudență persistentă în întreaga gamă de active digitale.

Concluzii cheie
Indicele de Fobie și Lăcomie Cripto rămâne adânc în teritoriul extremei frici
Bitcoin se tranzacționează aproape de $76,000 după o corecție bruscă de câteva săptămâni
Indicatorii de moment arată condiții supravândute, dar confirmarea bullish este limitată
Altcoins continuă să performeze slab în condiții de încredere fragilă pe piață

Capitalizarea totală a pieței cripto a scăzut la aproximativ $2.58 trilioane, în scădere cu aproximativ 2% în ziua respectivă.

Michael Burry has issued a fresh warning on Bitcoin, arguing that the current downturn risks turning into a self-reinforcing collapse rather than a routine correction.

Key takeaways:
Michael Burry warns Bitcoin’s selloff could accelerate into a self-reinforcing spiral as falling prices pressure corporate balance sheets and force selling.He argues Bitcoin has failed to act as a macro hedge, while ETFs and corporate adoption may be amplifying speculation rather than providing lasting support.Spillover risks are emerging, with crypto-driven liquidations already hitting tokenized gold and silver, though broader financial contagion remains limited.
The investor said Bitcoin’s structure and growing role on corporate balance sheets make it vulnerable to a feedback loop of falling prices, forced selling, and broader value destruction.
Bitcoin is now roughly 40% below its October peak, and Burry believes this drawdown has exposed the asset as primarily speculative. In his view, Bitcoin has failed to behave like a hedge against currency debasement or geopolitical stress - a role often compared to gold or silver. While precious metals have rallied amid global uncertainty, Bitcoin has continued to slide.
Corporate treasuries seen as a pressure point
A key concern for Burry is the growing number of companies that have added Bitcoin to their balance sheets. He warned that even a modest additional decline could have disproportionate effects. Using Strategy Inc., the largest corporate Bitcoin holder, as an example, Burry argued that another 10% drop could push the company billions into unrealized losses and sharply limit its access to capital markets.
From there, he said, pressure would not remain isolated. As balance sheets deteriorate, companies could be forced to sell Bitcoin to manage risk, potentially spreading stress across the broader crypto market.
Burry pushed back against the idea that institutional adoption guarantees price stability. Nearly 200 public companies now hold Bitcoin, but he emphasized that treasury assets are not permanent. Because they must be marked to market, sustained losses eventually trigger intervention from risk managers, turning Bitcoin sales into an obligation rather than a discretionary choice.
ETFs amplify speculation and market correlation
Burry also criticized the impact of spot Bitcoin exchange-traded funds. While ETFs have expanded access, he argued they have intensified speculative behavior and tied Bitcoin more closely to traditional equities. According to his analysis, Bitcoin’s correlation with the S&P 500 has recently approached 0.50, raising the risk of synchronized sell-offs during broader market stress.
He added that Bitcoin ETFs have recorded some of their largest single-day outflows since late November, with several occurring toward the end of January. As losses deepen, Burry believes liquidation dynamics could accelerate as investors reduce exposure.
Price weakness and fading macro appeal
Bitcoin recently dipped below $73,000, marking its lowest level since President Donald Trump returned to the White House more than a year ago. Market participants have pointed to several factors behind the decline, including weakening liquidity, fading inflows, and a loss of macro relevance.
Unlike previous periods of turmoil, Bitcoin has not benefited from dollar weakness or geopolitical risk. At the same time, some crypto-native traders have cooled on token markets altogether, shifting attention toward prediction markets and event-based trading.
“There is no organic use-case reason for Bitcoin to slow or stop its descent,” Burry wrote, underscoring his view that price support is increasingly fragile.
Spillover risks extend beyond crypto
While Burry does not expect a Bitcoin crash to trigger a systemic financial crisis, he warned that spillover effects are already emerging. With Bitcoin’s market value below $1.5 trillion and limited household exposure, he sees broad contagion as unlikely. Past crypto failures, such as Terra and FTX, also failed to significantly impact traditional markets.
However, Burry linked Bitcoin’s decline to recent sharp moves in gold and silver. He argued that corporate treasurers and leveraged traders have been forced to liquidate profitable positions in tokenized precious metals to cover crypto losses. Because many tokenized metal futures are not backed by physical supply, heavy selling can overwhelm physical markets, creating what he described as a collateral-driven death spiral.
According to Burry, as much as $1 billion in precious metals may have been liquidated at the end of the month due to crypto-related de-risking. He warned that if Bitcoin were to fall toward $50,000, miners could face widespread bankruptcies, while tokenized metals markets could seize up due to a lack of buyers.
Burry’s core message is that Bitcoin’s biggest vulnerability may now lie off the price chart - inside balance sheets, risk models, and the growing interconnections between crypto and traditional financial markets.
#BitcoinETF💰💰💰

Ethereum co-founder Vitalik Buterin is calling for a fundamental reset in how layer-2 networks are understood within the Ethereum ecosystem, as the base layer itself prepares for a major leap in capacity.

Key Takeaways
Ethereum’s base layer is scaling rapidly, weakening the original case for L2s as mandatory extensions.Many L2s are evolving into independent systems with varying levels of trust and security.Future L2 value will come from specialization and innovation, not just scaling Ethereum.
In a recent post, Buterin made the case that the assumptions behind Ethereum’s original rollup-centric roadmap no longer hold. Both Ethereum and its L2 ecosystem have evolved in ways that demand a new framework.
Why the Original L2 Vision Is Breaking Down
The early role of L2s was simple: Ethereum needed more block space, and rollups were meant to act as secure extensions of the main chain. Activity on those rollups was supposed to inherit Ethereum’s guarantees - censorship resistance, finality, and security - as if they were native shards.
That vision has run into two hard realities. Many L2s have struggled to progress toward full trust minimization, with some choosing to retain centralized controls for regulatory or operational reasons. At the same time, Ethereum’s own roadmap now includes very low fees and large increases in gas limits, especially as 2026 approaches.
With the base layer scaling directly, Ethereum no longer depends on L2s to provide basic capacity. And if L2s cannot meet the strict security assumptions required to act as true shards, labeling them as such becomes misleading.
Rethinking What an L2 Actually Is
Rather than framing L2s as extensions of Ethereum with shared responsibilities, Buterin argues they should be viewed as a spectrum. Some chains may be tightly secured by Ethereum, others only partially connected, and some effectively independent systems that interoperate with Ethereum when useful.
This diversity, he suggests, is not a failure. It simply reflects the reality of a permissionless ecosystem where different users value different trade-offs.
What L2s Should Focus on Going Forward
Under this new model, L2s should stop competing on “Ethereum scaling” alone and instead differentiate themselves through unique capabilities. That could mean privacy-focused execution, application-specific optimization, ultra-low-latency sequencing, non-EVM environments, or entirely new designs aimed at social, identity, or AI use cases.
Buterin stresses that any L2 dealing directly with ETH or Ethereum-issued assets should still meet basic trust standards, rather than functioning as a loosely connected chain with a simple bridge. Interoperability with Ethereum should remain a priority, even if it looks different across designs.
Ethereum’s Role: Native Rollups and Deeper Integration
From Ethereum’s side, Buterin highlighted growing support for a native rollup precompile - a protocol-level feature that would allow Ethereum itself to verify ZK-EVM proofs. Because it would be part of Ethereum, such a system would upgrade automatically and be fixed through hard forks if bugs emerged.
This approach could dramatically simplify trustless interoperability, reduce reliance on external governance structures, and make it easier for L2s to combine Ethereum’s security with their own specialized logic.
What This Means for Users and Developers
Buterin acknowledged that not all L2s will be fully trustless. Some will include backdoors or centralized controls, and that is unavoidable in an open system. The key, in his view, is transparency. Users should clearly understand what guarantees they are relying on, and what risks they are accepting.
The broader message is clear: Ethereum is no longer positioning L2s as mandatory scaling tools. As the base layer expands, L2s are being reframed as optional, specialized environments - places to experiment, optimize, and extend Ethereum in ways the main chain itself does not need to replicate.
 #Ethereum

Strategy has quietly moved beyond being just another corporate Bitcoin holder. With 713,502 BTC on its balance sheet, the company now controls about 3.6% of Bitcoin’s total supply.

Key Takeaways
Strategy’s Bitcoin position now sits right at its average cost, making it a clear market reference point.Recent buys above market price increase downside sensitivity and reliance on continued demand.The risk isn’t leverage, but size and dependence on capital-market funding.
At current prices, that exposure is valued at roughly $54.9 billion, with a realized average entry close to $76,000 - almost exactly where Bitcoin is trading now.
This scale places Strategy, led by Michael Saylor, among the most influential single participants in the Bitcoin market. At this size, positioning itself becomes part of the broader market structure rather than just an expression of conviction.

The equilibrium line the market is watching
Strategy’s entire Bitcoin position is effectively sitting on its cost basis. That matters because markets don’t respond to belief or long-term narratives. They respond to where pressure builds when price moves.
Currently, around 61% of Bitcoin’s supply is held at prices above the market, while roughly 39% sits below. Strategy’s average price now aligns almost perfectly with that balance point, turning its cost basis into a visible reference level. When price hovers here, attention naturally increases.
Recent buying shifts the balance
The latest purchase of 855 BTC at roughly $88,000 nudged Strategy’s marginal cost higher and added size that is already in the red. As a result, more of the company’s Bitcoin exposure now sits above market price than below it.
This subtly changes the risk profile. Downside moves begin to hurt faster, while upside increasingly depends on continued demand rather than simply waiting out volatility. Buying power starts to matter more than belief alone.
Not leveraged, but still amplified
Strategy isn’t levered like a short-term trader, but its balance sheet still amplifies risk. The Bitcoin strategy has been funded through equity issuance, convertible debt, and sustained confidence from capital markets.
That creates a feedback loop: Bitcoin strength supports the stock, the stock supports access to funding, and funding enables further accumulation. If Bitcoin dips sharply, Strategy’s shares weaken, or investor appetite for new financing fades, that loop can reverse.
Why markets probe large positions
History shows that markets consistently test large, concentrated setups. Terra depended on constant confidence. FTX relied on assumed liquidity. In both cases, scale turned into a pressure point once conditions shifted.
Price sitting near an average entry doesn’t imply safety. It implies focus. Markets don’t test stories or conviction. They test size, concentration, funding structure, and how much price action depends on continued participation.
By sheer scale, Strategy now meets those criteria - not because it is inherently vulnerable, but because it is large enough to influence behavior across the Bitcoin market.
#strategy

Bitcoin briefly slid below the $73,000 level, shaking an already fragile market and reigniting debate over whether the current pullback is just another mid-cycle scare or something more structurally concerning.

Key Takeaways
Bitcoin briefly fell below $73,000, testing a key cycle level.Cowen says a bounce could bring short-term relief, while failure risks a rough midterm phase.Glassnode data shows weakening liquidity and rising downside pressure.
While price action alone grabbed attention, the more important signals came from a combination of cycle analysis and on-chain data.
Midterm Pain Depends on the Bounce
Crypto analyst Benjamin Cowen pointed out that Bitcoin slipping below its April 2025 low is a critical moment for the cycle. According to his framework, the next move matters far more than the breakdown itself. A swift bounce could buy the market several months of stability, potentially allowing Bitcoin to drift toward late Q3 or early Q4 without severe damage - a period Cowen has repeatedly flagged as more constructive in past cycles.
If price fails to recover quickly, however, the risk is a prolonged and uncomfortable midterm year, similar to prior cycles where downside dragged on longer than most expected. Cowen also emphasized that bearish sentiment has been dominant for some time, which historically increases the odds of a countertrend rally. Still, he cautioned against trying to trade such moves, noting that relief rallies often arrive when few expect them, not when everyone is positioned for one.
Looking back, Cowen highlighted a key historical warning: in 2014, 2018, and 2022, once Bitcoin lost its 100-week simple moving average, price continued falling toward the 200-week SMA before meaningful relief emerged. His broader takeaway was clear - panic selling during mid-cycle drawdowns has rarely been the optimal strategy. From a cycle perspective, he continues to view late Q3 or early Q4 as a more favorable window for deploying serious capital.
Liquidity Thinning as Losses Mount
On-chain data from Glassnode adds another layer of caution. The firm’s Realized Profit/Loss Ratio, measured on a 90-day moving average, has been trending steadily lower and is now hovering around 1.5. This decline signals weakening liquidity conditions, with profit-taking losing momentum as market stress builds.
https://twitter.com/glassnode/status/2018754666738180108
Historically, sustained breaks below a ratio of 1 have aligned with broad-based capitulation phases, where realized losses overwhelm profits across the network. While the metric has not yet crossed that threshold, Glassnode’s data suggests the market is moving closer to a zone where forced selling becomes more common, particularly if price weakness persists.
Bigger Picture: A Test of Patience
Together, Cowen’s cycle analysis and Glassnode’s on-chain signals paint a picture of a market at an inflection point. The brief drop below $73,000 may not define the cycle on its own, but how Bitcoin behaves around these levels will shape sentiment and positioning in the months ahead.
For now, the message from both perspectives is similar: conditions are difficult, liquidity is thinning, and short-term trading is increasingly risky. Historically, these environments tend to reward patience more than aggression - especially for investors focused on the bigger picture rather than the next few weeks of price action.
#Bitcoin❗

The crypto market sell-off deepened on Tuesday, with altcoins taking the brunt of the pressure as investors rotated aggressively into traditional safe havens.

Key Takeaways
Altcoins are leading the crash, underperforming Bitcoin across the board.Liquidations surged, intensifying the sell-off as long positions were wiped out.Fear is driving flows into gold and silver, which are sharply outperforming crypto.
While Bitcoin extended its decline, losses across major altcoins accelerated, sharply contrasting with a powerful rally in precious metals.
Altcoins under heavy pressure
Ethereum slid roughly 10% over the past 24 hours and is now down close to 30% on the week, underscoring how quickly risk appetite has evaporated. Solana followed with a steep drop of more than 20% over seven days, while BNB also extended its losses as broad-based selling hit large-cap tokens.
XRP and Cardano failed to find meaningful support as well, both posting high single-digit daily declines and double-digit weekly losses. The pattern is consistent across the market: altcoins are leading the downside as investors unwind higher-risk exposure.
Bitcoin weak, but relative resilience remains
Bitcoin continues to trade lower, hovering near the mid-$73,000 area, down more than 6% on the day and over 16% on the week. While the move is significant, Bitcoin has still outperformed most major altcoins, reinforcing its role as the relative safe haven within crypto during stress periods.
However, downside momentum remains strong, and sentiment around short-term direction is fragile.
Liquidations accelerate the sell-off
Forced liquidations have amplified the move. Total crypto liquidations over the past 24 hours reached roughly $569 million, with long positions accounting for about $458 million of that total.
Bitcoin and Ethereum alone represented a large share of the wiped-out leverage, highlighting how crowded long positioning had become before the sell-off. As prices slipped, cascading liquidations added fuel to an already fragile market.
Macro fear drives the risk-off shift
Beyond crypto-specific factors, macro uncertainty is dominating investor psychology. Reports of heightened geopolitical tensions, including fears of escalation following a US shutdown of an Iranian drone, have pushed markets firmly into risk-off mode.
At the same time, uncertainty around the newly appointed Fed chair and the future path of monetary policy has added another layer of anxiety. With policy direction unclear and geopolitical risks rising, traders are reducing exposure to volatile assets first.
Extreme fear grips markets as metals surge
Market sentiment has swung decisively toward extreme fear. That shift is clearly visible in cross-asset flows. Gold has surged around 6% in a short period, while silver has jumped roughly 8.5%, significantly outperforming both equities and crypto. The divergence highlights a classic flight to safety, with capital moving out of speculative assets like altcoins and into hard assets perceived as protection against instability.
Altcoins vs metals: a stark divergence
The current market dynamic is defined by this contrast. Altcoins are facing aggressive drawdowns as liquidity dries up and leverage is flushed out, while gold and silver benefit from fear-driven demand. Until macro uncertainty eases and risk sentiment stabilizes, the pressure on altcoins is likely to remain elevated, even if Bitcoin manages to find short-term support.
#Ethereum

Legiuitorii din SUA au făcut un pas mai aproape de redeschiderea guvernului federal după ce Camera a aprobat cu greu un vot procedural cheie legat de un proiect de lege de finanțare susținut de Senat.

Puncte cheie
Proiectul de lege de finanțare susținut de Senat avansează după un vot procedural strâns în Cameră
Redeschiderea guvernului devine din ce în ce mai probabilă, dar marginea subliniază consensul fragil
Piețele cripto rămân reticente în ciuda riscurilor reduse de închidere

Bitcoin se tranzacționează sub 74.000 USD, pe măsură ce incertitudinea macroeconomică continuă să afecteze sentimentul
Votul extrem de strâns 217–215 deschide calea pentru adoptarea finală, reducând riscurile imediate de închidere, dar lăsând piețele precaut în mijlocul incertitudinii politice persistente.

Stablecoins are often marketed as instant, borderless money. In practice, that speed is the final output of a deep and carefully layered financial stack.

Key Takeaways
Stablecoins rely on a multi-layer financial stack, not just blockchains.
Compliance, custody, and liquidity are as important as speed.The long-term story is infrastructure, not individual products.
What looks like a simple crypto payment on the surface is supported by systems that closely resemble modern banking infrastructure, just rebuilt with blockchains at the core.
An increasing number of fintech and crypto firms now describe stablecoins not as a product, but as a full payment architecture. Remove one layer, and the promise of instant global settlement quickly falls apart.
Fiat Remains the Trust Anchor
At the bottom of the stack sits sovereign fiat. Dollars, euros, and yen remain the ultimate source of trust, legal clarity, and redemption. No matter how advanced crypto rails become, stablecoins still depend on state-backed money to function at scale.
This foundation is what allows stablecoins to plug into the real economy rather than remain isolated inside crypto markets.
The next layer consists of issuers that mint and redeem stablecoins. Firms like Tether, Circle, and Ripple transform traditional reserves into digital units that can move instantly and settle globally.
In effect, these companies operate as digital money factories, bridging traditional finance and blockchain networks.

Blockchains Provide Global Settlement
Public networks such as Ethereum and Solana form the settlement layer. They replace bank-to-bank messaging systems with open, always-on rails where value can move without intermediaries or business-hour constraints.
This is where stablecoins gain their core advantage over legacy payment systems.
Liquidity providers sit quietly in the middle of the stack, but they are essential. Market makers like Keyrock ensure that stablecoins can be swapped across currencies and chains efficiently.
Without deep liquidity, instant payments quickly become expensive, unreliable, or both.
Custody and Security Enable Institutional Use
Institutional-grade custody forms another critical layer. Providers such as Fireblocks and Utila secure funds using MPC technology, governance controls, and policy-based access.
For banks, funds, and large enterprises, this layer often matters more than which blockchain is used underneath.
Compliance infrastructure is what turns stablecoins into viable global money. Blockchain analytics firms like Chainalysis and Elliptic make transactions traceable and auditable.
This layer enables AML checks and regulatory oversight without sacrificing speed, allowing stablecoins to integrate with regulated financial systems.
Middleware Hides the Complexity
Middleware platforms abstract the entire stack into simple APIs. Companies such as TransFi, BVNK, and Conduit handle routing, FX, custody, and compliance behind the scenes.
For businesses, this is where stablecoins start to feel like plug-and-play payments rather than crypto infrastructure.
At the top of the pyramid are user-facing layers. Wallet providers like Privy focus on experience, making crypto nearly invisible to end users. DeFi protocols such as Morpho add yield and balance-sheet efficiency, while ramps connect stablecoins to local banks and everyday spending.
This is where stablecoins finally meet consumers.
Why the Stack Matters More Than Any Single Product
The bigger picture is clear. Stablecoins are evolving from crypto-native tools into global payment infrastructure. No single wallet, chain, or issuer can deliver that alone.
The real innovation is the full stack working together. When every layer moves in sync, stablecoins stop being “crypto payments” and start functioning as global money.
#Stablecoins

Piața cripto ar putea fi mai aproape de un punct de cotitură decât sugerează sentimentul, pe măsură ce consolidarea prelungită, volatilitatea în scădere și plictiseala extremă a investitorilor încep să semene cu condiții clasice de bază în ciclul târziu.

Puncte cheie
Bitcoinul care se menține aproape de 78.000 $ sugerează că presiunea de vânzare se diminuează în ciuda fricii extreme și a titlurilor negative.
Altcoinurile au petrecut ani de zile consolidându-se, o configurație care istoric a precedat rotații majore în sus.
Volatilitate scăzută, speculație estompată și plictiseala investitorilor indică condiții adesea întâlnite aproape de fundul pieței.

Bitcoin (BTC) is back above the $75,000 level, a zone that traders are watching closely as a key weekly support.

Key Takeaways
$75,000 is the key weekly level deciding the next move.Holding the April 2025 low keeps the uptrend alive; losing it shifts focus lower.
After a sharp correction, price has returned to an area that often decides whether a market resumes its trend or slides into a deeper reset. According to analysis shared by Merlijin The Trader, the current structure leaves the market with two clearly defined scenarios, both hinging on how Bitcoin behaves around this level.

Merlijin’s chart highlights a recurring cycle behavior: deep sell-offs that flush liquidity and force capitulation before the next major leg begins. He points to old liquidity clustered between roughly $69,000 and $75,000 as a classic base-building zone, where fear peaks and stronger buyers tend to step in. At the same time, Bitcoin is trading below both the 20-week and 50-week moving averages, keeping the technical picture tense.
$75K Holds and the Trend Survives
The first scenario assumes that the April 2025 low remains intact and that the recent move into the $75,000 area forms a higher low on the weekly chart. If this plays out, the broader structure of higher highs and higher lows stays in place, and the drop toward $75,000 is treated as a deep pullback rather than a trend break.
From a moving-average perspective, the 20-week pressing into or below the 50-week average is not ideal, but it does not automatically signal a bear market. In many past cycles, this crossover has appeared late, after most of the damage was already done. For this scenario to gain traction, Bitcoin needs to stop printing lower lows in this zone and start showing stronger weekly closes. A decisive weekly close back above the 50-week moving average, currently near $100,400, would suggest that momentum has shifted back toward the bulls.
Structure Breaks and Lower Levels Open Up
The second scenario is simpler and far less forgiving. If Bitcoin loses the April 2025 low, the higher-low structure fails. In that case, the $75,000 level no longer acts as support, and downside risk expands quickly.
Once this structural break occurs, the $50,000–$60,000 range becomes the next major area to watch. This zone stands out both psychologically and historically, as it has often acted as a reset region following sharp corrections from cycle highs.

What Will Decide the Outcome
The market’s focus is now on two questions. First, can Bitcoin hold above $75,000 on weekly closes? Second, does the April 2025 low remain intact? As long as both conditions are met, the higher-probability path remains scenario one, where the market builds a base and prepares for another leg higher. If either level fails, scenario two quickly becomes dominant.
For now, Bitcoin sits at a crossroads. The volatility and fear surrounding this zone may feel extreme, but as Merlijin’s analysis suggests, these moments often determine whether a cycle continues or resets before the next major move.
#bitcoin