Bitcoin

Focuses on news, price analysis, technological evolution, and market trends within the Bitcoin ecosystem. It explores its role and influence in the global financial system.

Bitcoin Price Bottom Could Be Around $40,000, On-Chain Data Shows

Based on on-chain data analysis by Ali Martinez, the Bitcoin price bottom in the current bear market could be around $40,000. This projection hinges on the cost basis of long-term holders (LTH), investors who have held their coins for over 155 days. Historically, this level acts as a strong support during downturns, as these investors are less likely to sell and often increase their buying when the price approaches their average acquisition cost, which is currently approximately $40,363. If selling pressure does not overwhelm this renewed buying activity, this cost basis could mark the market bottom. Currently, Bitcoin is trading near $68,330, down over 45% from its all-time high.

bitcoinist02/22 17:02

Bitcoin Price Bottom Could Be Around $40,000, On-Chain Data Shows

bitcoinist02/22 17:02

Bitcoin Spot ETFs Register 5-Week Negative Streak – Details

Bitcoin Spot ETFs have extended their negative streak to five consecutive weeks, with combined net outflows reaching $3.81 billion. The third week of February alone saw $315.89 million in outflows, with BlackRock’s IBIT leading the decline at $303.4 million. While Grayscale’s BTC fund saw modest inflows of $35.97 million, most other ETFs, including Fidelity’s FBTC and Grayscale’s GBTC, recorded outflows or zero net flow. Bitcoin’s price hovered around $68,357, with total ETF net assets at $85.31 billion. Similarly, Ethereum ETFs faced continued outflows of $123.37 million, marking over six weeks of negative performance, as ETH traded near $1,978.

bitcoinist02/22 15:01

Bitcoin Spot ETFs Register 5-Week Negative Streak – Details

bitcoinist02/22 15:01

Bitcoin stalls below $69K as THIS caps BTC’s upside: What happens now?

Bitcoin is struggling to break above the $69,000 resistance level, with its price movement remaining range-bound. Key indicators, such as the Buy/Sell Pressure Delta, show sustained selling pressure is dominating the market, suggesting bears are in control. A significant liquidation cluster around $69,000 poses a major hurdle; any approach to this level could trigger a sharp rejection and increased volatility. Furthermore, declining futures and options trading volume indicates a lack of strong conviction behind any short-term price rallies. On-chain data reveals a redistribution of supply from large holders to smaller wallets, a typical post-bull market phenomenon that often leads to subdued price action. Until market sentiment shifts decisively in favor of buyers, Bitcoin is likely to face continued downside pressure.

ambcrypto02/22 13:32

Bitcoin stalls below $69K as THIS caps BTC’s upside: What happens now?

ambcrypto02/22 13:32

Bitcoin’s Network Distribution Factor Plunge Signals A Redistribution Event

Bitcoin's Network Distribution Factor (NDF) is declining sharply, indicating a significant structural shift in BTC supply distribution. The NDF measures the proportion of total supply held by large entities controlling at least 0.01% of circulating BTC. A falling NDF suggests reduced concentration among major holders and a broader redistribution of Bitcoin to smaller participants and new entrants. This trend often occurs during market maturation phases following bull cycles, reflecting stronger economic decentralization and reduced structural risk from over-concentration. It signals Bitcoin’s evolution into a more widely distributed global financial network. Additionally, Bitcoin’s fixed supply of 21 million and predominantly individual-owned circulating supply (approx. 63%) reinforce its role as a structurally scarce, decentralized asset resistant to institutional or governmental control.

bitcoinist02/22 13:02

Bitcoin’s Network Distribution Factor Plunge Signals A Redistribution Event

bitcoinist02/22 13:02

Bitcoin Whale Exchange Ratio Climbs To Highest Level In 11 Years — Data

Bitcoin's price has consolidated below $70,000, showing relative stability compared to its bear market start in February. However, on-chain data from CryptoQuant indicates potential downside risks. The Bitcoin exchange whale ratio has surged to 0.64, its highest level since 2015, signaling that large investors are responsible for a significant portion of recent exchange deposits. The average deposit size also reached a mid-2022 bear market high, reinforcing institutional selling pressure. Additionally, altcoin exchange deposits have risen, reflecting continued capital rotation out of riskier assets. Stablecoin outflows from exchanges have also declined sharply, reducing marginal buying power for BTC. Bitcoin currently trades around $67,580.

bitcoinist02/22 12:37

Bitcoin Whale Exchange Ratio Climbs To Highest Level In 11 Years — Data

bitcoinist02/22 12:37

Bitcoin’s $1 trillion identity crisis – ‘The issue isn’t price, it’s purpose’

Bitcoin is experiencing a significant downturn, with its price dropping over 40% from its peak and its market value falling from $1.76 trillion to $1.34 trillion. While such volatility is common in crypto, the core issue is not just price but purpose. Institutional interest is waning, with net outflows from Bitcoin ETFs, and investors are shifting to assets like physical gold and emerging prediction markets for clearer, faster returns. Despite this, Bitcoin remains the dominant cryptocurrency, capturing nearly 60% of total market investment. Its network stability and established reputation continue to provide resilience, even as it faces structural challenges and increased competition.

ambcrypto02/22 11:01

Bitcoin’s $1 trillion identity crisis – ‘The issue isn’t price, it’s purpose’

ambcrypto02/22 11:01

Institutions reduce Bitcoin ETF exposure by just 3.5% in Q4 2025: Diamond hands?

Institutional ownership of U.S. spot Bitcoin ETFs saw only a slight decline of 3.5% in Q4 2025, despite Bitcoin's 23% price drop. Holdings decreased from 532K to 513K BTC, with institutions still holding over half a million BTC. While the number of firms holding BTC ETFs fell by 14%, 17 of the top 25 institutional holders increased their exposure. Retail investors continue to dominate the ETF market share. With BTC's price falling below the average ETF cost basis of $84.1K to around $68K, the average holder is approximately 20% underwater. The Q1 2026 13F filings will reveal if institutions maintain their positions during the ongoing crypto winter.

ambcrypto02/22 08:03

Institutions reduce Bitcoin ETF exposure by just 3.5% in Q4 2025: Diamond hands?

ambcrypto02/22 08:03

Blockworks: Strategy 2026 Bitcoin Accumulation Logic Has Changed

Strategic Shift in MicroStrategy's Bitcoin Accumulation Strategy by 2026 MicroStrategy, holding nearly 680,000 BTC, is undergoing a significant shift in its financing model for Bitcoin acquisitions. Unlike the low-to-zero interest convertible bonds used in 2024-2025, the company is now turning to higher-cost preferred shares and dilutive common stock offerings (ATM issuances). This change is driven by the narrowing premium of its stock price relative to its Bitcoin NAV (mNAV), making previous low-cost financing less effective. While MicroStrategy resumed purchases in early 2026, buying 1,283 BTC, its deployment of capital has become more intermittent. The new financing structure increases costs and risks diluting the Bitcoin-per-share ratio, constraining the firm's ability to sustain large, consistent buying pressure. Consequently, its influence on Bitcoin's price is expected to diminish, making ETF flows and broader crypto market sentiment more dominant price drivers. MicroStrategy remains a key market indicator, but its buying activity will be less impactful and more sporadic.

marsbit02/22 08:01

Blockworks: Strategy 2026 Bitcoin Accumulation Logic Has Changed

marsbit02/22 08:01

Bitcoin Hashpower Returns, Difficulty Sees Biggest Jump In Months

Bitcoin's mining difficulty surged by approximately 15% to over 144 trillion, reversing a previous 10% drop caused by U.S. winter storm-related shutdowns. Miners curtailed operations to support power grids and received payments for returning electricity. The rebound in hash rate triggered the protocol’s automatic difficulty increase, which strengthens security but reduces profitability for less efficient miners. Meanwhile, Bitcoin’s price hovered near $68,000 amid geopolitical tensions and cautious trading. The U.S. now plays a major role in global hash power, making regional events significant for network stability. Some miners now use flexible energy agreements to balance grid demand and create additional revenue streams.

bitcoinist02/22 05:02

Bitcoin Hashpower Returns, Difficulty Sees Biggest Jump In Months

bitcoinist02/22 05:02

Bitcoin: How $335M whale move tests BTC as inflation looms

Bitcoin demonstrated short-term bullish momentum following the U.S. Supreme Court ruling against Trump's tariffs, closing up 1.52% on February 20. However, it failed to break the $70,000 resistance level as traders remained cautious amid macroeconomic uncertainty. A hotter-than-expected PCE inflation report further reinforced concerns. Notably, a whale moved $335 million worth of BTC just minutes before the release of weak U.S. Q4 GDP data (1.4%), suggesting strategic positioning ahead of potential market stress. This timing underscores the critical role of macro events in shaping crypto market movements. Despite positive developments, Bitcoin's support levels remain under pressure, reflecting longer-term investor caution influenced by inflation and potential $175 billion tariff refunds.

ambcrypto02/22 03:01