Bonfish

Extreme Fear" at 7 is usually the darkest hour before the dawn, but the macro context explains why the vibe is so heavy. While BTC is holding $69,487, the underlying liquidity is being choked out.
1. Safe Haven Flight
2. Liquidty Drain
3. The Disconnect

$BTC #RiskAssetsMarketShock

Tether is rapidly expanding its operations to transition from a crypto infrastructure provider to a diversified group. The company currently holds about 140 investments and employs around 300 staff, with plans to hire 150 more. New leadership, including CFO Simon, is supporting this strategic growth phase.$XRP #TetherUpdate

$BTC Abkopplung von der Geldpolitik: Der CIO von ProCap Financial, Jeff Park, schlägt vor, dass die Bullenmärsche von Bitcoin möglicherweise nicht mehr von Zinssenkungen abhängen, sondern während der Zinserhöhungen der Fed steigen könnten, was auf einen Wandel in den traditionellen Marktdynamiken hinweist und Unsicherheit bei der Prognose einführt.#

Gemischte kurzfristige Bitcoin-Aussichten: Analysten sind gespalten; einige erwarten eine Erholung auf $84.000, während andere vor weiteren Rückgängen warnen, die potenziell auf $40.000-$50.000 im Sommer sinken könnten, abhängig von der makroökonomischen Stabilität und den Dynamiken des institutionellen Flusses.#MarketForecast

Massive Liquidations Amid Volatility: Over $80 million in liquidations occurred in just one hour, with $BTC Bitcoin alone seeing $48.34 million liquidated. Ethereum liquidations reached $16.23 million. Futures markets have seen $687 million liquidated in 24 hours, underscoring heightened market volatility.

BTC Price Volatility and Stability Challenges: Bitcoin fluctuated sharply—falling below $60,000 before rebounding above $70,000 within 24 hours—driven by forced deleveraging rather than strong spot demand. Derivatives markets remain bearish, with put options clustered around $50,000-$60,000. Crucial support lies near miners’ marginal costs around $67,000, while altcoins mostly sustained heavy losses, notably privacy coins and Solana.#Liquidations

Bitcoin's mining difficulty has decreased by 11.16% to 125.86 trillion, marking the biggest single decline since July 2021, when China imposed its mining crackdown. This adjustment is the 10th-largest in Bitcoin's history and was primarily influenced by adverse weather conditions. The difficulty drop reflects fluctuations in miner activity and impacts the overall security and supply rate of the Bitcoin network.$BTC #BTCMiningDifficultyRecord

In reality, it is investor demand flowing through their fund. BlackRock does not carry BTC on their own balance sheet like MicroStrategy.

BTC is currently at $70,634, up 9% in the last 24 hours. The $230 million tag likely represents a single day of net inflows. It is a strong signal of institutional appetite, but don't confuse it with a corporate treasury move.

The structure remains bullish as long as we hold the $68k level. These inflows provide a floor, but the actual buying is coming from their clients,not Larry Fink's treasury. Watching for continuation if the US session keeps this pace.$BTC #BlackRock⁩

Dokumente, die vom US-Justizministerium veröffentlicht wurden, detaillieren soziale Zusammenkünfte auf Jeffrey Epsteins privater Insel, Little St. James, die von Opfern als "perfektes Versteck" beschrieben wurde, wo Epstein eine Reihe von globalen Eliten, von wissenschaftlichen Konferenzen bis hin zu Abendessen und Partys, beherbergte. Die Veröffentlichung der Dokumente von 2026 nannte Personen, die Epstein besucht haben oder mit ihm in Kontakt standen, darunter politische Figuren wie Bill Clinton, Donald Trump, Prinz Andrew und Ehud Barak; Geschäftsführende wie Elon Musk, Bill Gates, Sergey Brin, Richard Branson und Howard Lutnick; sowie Prominente und Künstler wie Michael Jackson, Mick Jagger, Kevin Spacey, Chris Tucker und Stephen Hawking. In den Akten genannt zu werden, impliziert keine illegale Aktivität oder Teilnahme an Partys. Für weitere Details besuchen Sie die BBC.$USDC #Epstain

Dan Pena: “BITCOIN WILL GO TO FCKING ZERO… IN MICROSECONDS, WHUP! 📉 LIKE THAT.”
No, Dan Peña's prediction has not come true.
Despite his repeated claims since 2019 that Bitcoin is a "Russian conspiracy" and will drop to zero in "microseconds," the asset remains a major global financial instrument.
Explanation
Current Value: As of February 2026, Bitcoin is trading at approximately $61,800 (€57,100). While down from its 2025 highs, it is nowhere near zero [1].
Institutional Adoption: The launch of Spot ETFs by giants like BlackRock and Fidelity has integrated Bitcoin into the traditional financial system, making a "sudden wipeout" statistically improbable [2].
Market Resilience: Bitcoin has survived multiple "crashes" of 80%+. Its decentralized nature and fixed supply of 21 million coins provide a floor of support from global holders [3].
The "Satoshi" Argument: Peña claims revealing the creator will kill Bitcoin. Most experts argue the protocol is now independent of its creator and would continue to function regardless of who Satoshi is [1].
Why other options are incorrect
❌ The "Microsecond" Crash: Financial markets for liquid assets with trillions in market cap do not vanish in microseconds due to circuit breakers and global limit orders.
❌ Russian Conspiracy: There is zero cryptographic or intelligence evidence supporting Peña's claim that Bitcoin was created by Putin to destroy the US dollar.
❌ Zero Intrinsic Value: While critics like Warren Buffett agree with Peña on value, the network effect and utility as "digital gold" have prevented the price from collapsing to zero for over
15 years.$BTC
#btcconspiracy

In the last hour, cryptocurrency liquidations surged to $238 million across the market, with Bitcoin alone accounting for $109 million and Ethereum for $51.18 million. This data reflects significant market volatility and increased leveraged trading risks. The sharp liquidations highlight potential short-term instability in the crypto market.$BTC $ETH #Liquidations

Bitcoin slides to lowest since November 2024
Losses for the year so far now approaching 20%
Latest crypto rout triggered by Warsh nomination, analysts say
The latest rout in cryptocurrencies, which has come hard and fast, was triggered, analysts say, by the nomination of Kevin Warsh as the next Federal Reserve Chair, due to expectations he could shrink the Fed's balance sheet.
Cryptocurrencies have widely been regarded as beneficiaries of a large balance sheet, having tended to rally while the Fed greased money markets with liquidity - a support for speculative assets.
"The market fears a hawk with him," said Manuel Villegas Franceschi from the next generation research team at Julius Baer. "A smaller balance sheet is not going to provide any tailwinds for crypto."
The global crypto market has lost nearly $1.9 trillion in value since hitting a peak of $4.379 trillion in early October, based on data from CoinGecko, with some $800 billion wiped out in the last month alone
To be sure, cryptocurrencies have struggled for months since a record crash last October sent bitcoin tumbling from a peak as leveraged positions got washed out.
That has left investors less keen on digital assets and sentiment towards the industry fragile.
"We believe this broader decline is mainly driven by massive withdrawals from institutional ETFs. These funds have seen billions of dollars flow out each month since the Oct 2025 downturn," Deutsche Bank analysts said in a note to clients..
They added that U.S. spot bitcoin ETFs witnessed outflows of more than $3 billion in January, following outflows of about $2 billion and $7 billion in December and November respectively.
"This steady selling in our view signals that traditional investors are losing interest, and overall pessimism about crypto is growing," the analysts said.$BTC #ReutersReport #cryptouniverseofficial

Bitcoin has dropped sharply to $73,000, erasing 41% from its all-time high and sparking debate over whether the market bottom is near or a deeper correction lies ahead. Macro pressures from geopolitical tensions and AI fears have driven investors toward traditional havens like gold and silver, while Bitcoin shows signs of both a potential bottom and a bull trap. Technical and on-chain data remain mixed, with key support levels under scrutiny and analysts divided on Bitcoin's near-term trajectory.#BTC $BTC

Stifel, a recognized investment bank, issued a warning that Bitcoin may fall to $38,000 based on historical market cycle analysis. They identified key catalysts including the Federal Reserve's ongoing monetary tightening, a deceleration in regulatory advancements in the U.S. crypto sector, declining liquidity within the market, and substantial outflows from Bitcoin ETFs. Stifel also highlighted that market sentiment is currently at an 'extreme fear' stage, implying weakened demand and engagement from both institutional and retail investors.$BTC #btcfalldown

Die neuesten Analysen von CryptoQuant deuten darauf hin, dass Bitcoin in eine erneute Bärenmarktphase eintritt, die erhebliche strukturelle Schwächen aufweist. Die institutionelle Nachfrage, insbesondere von U.S. Spot-ETFs, hat sich von starkem Kaufverhalten im Jahr 2025 zu netto Verkäufen im Jahr 2026 gewendet, was zu anhaltendem Verkaufsdruck führt. In Kombination mit einer schwächeren Teilnahme des U.S. Einzelhandels und einem Rückgang der Stabilcoin-Liquidität sieht sich Bitcoin erhöhten Abwärtsrisiken gegenüber, die sich auf $70.000–$60.000 richten, es sei denn, Nachfrage und Liquidität verbessern sich.$BTC #BearMarketAnalysis