BlockBeats News, February 19, according to LookIntoChain monitoring, BitMine purchased 15,000 ETH from FalconX 8 hours ago (worth approximately $29.57 million).Just today alone, it has purchased 35,000 ETH ($69.37 million).
K33 says Bitcoin’s current derivatives structure and market positioning look similar to conditions seen at the end of the 2022 bear market. Its composite framework — which analyzes derivatives yields, open interest, ETF flows, and macro signals — suggests investors are in a defensive stance.
According to Head of Research Vetle Lunde, several indicators point to risk reduction rather than fresh directional positioning. Funding rates remain consistently negative, notional open interest has fallen sharply, and overall leverage has declined — all signs that traders are scaling back exposure.
Activity across spot and futures markets has slowed following recent sell-offs, with both trading volumes and futures positioning dropping to multi-month lows. Volatility is beginning to ease as well, a pattern that often marks a transition from capitulation to stabilization. Institutional engagement also appears restrained, reflected in softer activity on CME and sizable outflows from Bitcoin ETPs, though total institutional allocations are still relatively high compared with previous peaks.
Historically, comparable setups have aligned with market bottoms, but they were typically followed by extended periods of sideways consolidation rather than rapid rebounds. In those past instances, 90-day forward returns were generally muted or slightly negative. As a result, K33 expects Bitcoin to trade within a broad range — approximately $60,000 to $75,000 — for an extended stretch. While the environment may present compelling long-term accumulation opportunities, any recovery is likely to be gradual rather than signaling an immediate breakout.$BTC
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Developers building on the Flow network can now access a funding pool exceeding $100K, distributed across hackathons, bounties, and grant programs. To facilitate the grant initiative, the network has teamed up with @dorahacks to introduce the Flow Grants DAO. For the current cycle, 50,000 FLOW is being allocated in grants, and teams that successfully deliver work will also gain access to continued advisory services and fundraising assistance.
If you aim to construct consumer apps designed to scale to millions, ensure your application is submitted before the deadline on Feb. 22.
You can locate the application link inside the 🧵
Be sure to follow @flow_developers to stay updated on further opportunities for builder assistance.
#vanar $VANRY Many users drop off before even making their first transaction because setting up a new network can feel overly technical and confusing.
Vanar Chain tackled this friction directly by embedding clear, verified metadata into Chainlist and chainid.network (Chain ID 2040). This ensures wallets and developer tools connect to the same official RPC and block explorer—reducing reliance on random or potentially unsafe endpoints.
On top of that, Vanar launched the Vanguard testnet, giving builders a safe environment to deploy, stress-test, and refine their applications before going live.
It’s a practical upgrade to usability—and honestly, a smart move.
#Vanar $VANRY
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After an extended phase of heavy selling and market downturns, early signals of recovery are beginning to emerge. Select tokens such as $ESP (+42.87%), $ORCA (+16.06%), and $WLFI (+10.92%) are driving the bounce, reflecting concentrated strength in high-momentum assets.
In contrast, major cryptocurrencies like $BNB (-2.17%), $BTC (-1.39%), $ETH (-1.68%), $SOL (-4.28%), and $XRP (-3.62%) are still facing pressure, though slight stabilization suggests cautious accumulation may be underway.
Overall, the market seems to be shifting from steep declines toward more controlled, gradual growth. Buying interest is returning, but the recovery remains uneven—some altcoins are rebounding strongly while others hover near recent lows. This points to a selective rebound rather than a broad market rally. Traders should look for clearer confirmation of trend reversals in major assets before anticipating sustained bullish momentum.
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K33 reports that Bitcoin’s current derivatives and positioning regime closely resembles the late-2022 bear market bottom, based on a composite model that tracks derivatives yields, open interest, ETF flows, and macro indicators. According to Head of Research Vetle Lunde, multiple signals now show defensive behavior across the market, including persistently negative funding rates, a sharp drop in notional open interest, and reduced leverage — all suggesting traders are closing risk rather than building new directional bets.
Spot and futures activity has cooled significantly after recent sell-offs, with trading volumes and futures positioning falling to multi-month lows. Volatility has also started to normalize, which typically happens when markets shift from capitulation toward stabilization. Institutional participation appears cautious as well, with muted activity on CME and notable drawdowns in Bitcoin ETP holdings, although most institutional exposure remains intact relative to peak levels.
K33 notes that historically similar regimes did coincide with market bottoms, but they were followed by slow, rangebound consolidation phases instead of fast rebounds. Based on past analogs, forward 90-day returns in such environments were modest or slightly negative. As a result, the firm expects Bitcoin to remain largely range-bound — roughly between $60,000 and $75,000 — for a prolonged period. The setup may offer attractive long-term entry levels, but recovery is likely to be gradual and require patience rather than signaling an imminent breakout.
After a period of bearish pressure and crashes, the market shows early signs of recovery. Key coins like $ESP (+42.87%), $ORCA (+16.06%), and $WLFI (+10.92%) lead the rebound, indicating selective strength in high-momentum assets.
Meanwhile, majors such as BNB (-2.17%), $BTC (-1.39%), $ETH (-1.68%), $SOL (-4.28%), and $XRP (-3.62%) remain under pressure but show minor stabilization, hinting at slow, cautious momentum building.
The market appears to be transitioning from sharp declines to measured growth, with buyers stepping in gradually. Recovery is not uniform some altcoins rebound sharply while others linger near previous lows suggesting a patchy, selective recovery rather than broad-based strength. Traders should watch for confirmation of trend shifts in major coins before expecting sustained bullish momentum.