crypto

Când Donald Trump s-a întors la Casa Albă, industria crypto se aștepta la o eră de aur. Președintele a promis să facă din SUA „capitala crypto a lumii”, a numit reglementatori considerați prietenoși cu industria și a susținut legislația care a ușurat presiunea asupra activelor digitale. Piețele au reacționat inițial exact așa cum sperau taurii. Între noiembrie 2024 și octombrie 2025, Bitcoin a crescut de la aproximativ $65,000 la un maxim istoric de aproape $126,000 🚀.

Dar celebrarea nu a durat. Bitcoin a scăzut drastic, alunecând temporar la aproximativ $60,000, ștergând luni de câștiguri și scăzând sub nivelurile văzute când Trump a fost reales. Vânzarea a ridicat o întrebare acută: dacă Washingtonul este pro-crypto, de ce sângele curge pe piață?

Bitcoin just went through one of its sharpest selloffs in years.
Over the last 24 hours, $BTC plunged toward the $60,000 level amid an accelerated wave of selling that closely mirrors the mechanics of the 2022 FTX collapse. While Bitcoin later rebounded to around $69,800, the damage under the surface tells a much deeper story.
This was not a single headline-driven crash. It was a mechanical unwind — driven by ETF outflows, forced liquidations, and whales moving supply onto exchanges.
On-Chain Price Models Show How Deep the Damage Ran
Glassnode data highlights how far price deviated from key on-chain reference levels during the drop:
STH Cost Basis: ~$94,000Active Investor Mean: ~$86,800True Market Mean: ~$80,100Realized Price: ~$55,600
With spot price collapsing well below these widely watched benchmarks, it’s clear that a large portion of the market was pushed into unrealized and realized losses simultaneously.
This kind of dislocation doesn’t happen quietly — it creates stress across leverage, spot holders, and institutional flows.
X Filled the Narrative Vacuum — But Evidence Was Elsewhere
As price fell, social media exploded with theories:
A hidden Hong Kong hedge fund blowupYen-funded carry trade stressEven quantum security panic
Not every rumor is false, but this pattern is familiar. Fast liquidations create a narrative vacuum, and speculation rushes in before hard data can catch up.
The more durable explanation lies in observable market plumbing:
Persistent ETF outflowsForced leveraged liquidationsWhales depositing $BTC onto exchanges
It’s not cinematic — but it’s how crypto selloffs usually propagate.
ETF Outflows Removed the “Automatic Dip Buyer”
One of the most important structural shifts has been sustained selling through US spot Bitcoin ETFs.
Over the past four months:
Net ETF outflows exceed $6 billion (SoSo Value data)
When ETF inflows are strong, the market benefits from a steady, price-insensitive buyer. When outflows persist, that support fades — and downside moves become sharper.
Bloomberg ETF analyst James Seyffart noted:
ETF holders are sitting on their largest losses since launchThe current drawdown represents the worst percentage pullback (~42%) since ETFs launched in January 2024
This doesn’t cause a crash on its own — but it weakens rebounds and thins liquidity, setting the stage for violent downside once key levels break.
Liquidations Turn Selling Into a Cascade
Once BTC lost critical support, the market flipped from discretionary selling to forced selling.
According to CoinGlass:
Over $1.2 billion in leveraged positions were liquidated
This is classic crypto behavior:
Risk reduction beginsKey levels failExchanges forcibly close positionsSelling feeds on itself
When liquidity is thin, forced flow dominates price discovery, making moves feel sudden and information-driven — even when they’re purely mechanical.
On-Chain Data Confirms Capitulation and Whale Activity
Blockchain data adds another layer of confirmation.
On Feb. 4, Bitcoin’s Entity-Adjusted Realized Loss (7D-SMA) hit $889 million per dayThis marked the largest daily realized loss since November 2022
These readings usually appear during capitulation phases, when holders are locking in losses at scale after long-held support levels break.
At the same time, CryptoQuant data showed whales depositing large amounts of $BTC onto Binance, signaling potential selling or hedging behavior during the drawdown.
Final Take
This move wasn’t driven by a single “smoking gun.”
It was the result of:
Persistent ETF outflowsLeverage being forcefully unwoundWhales moving supply to exchangesThin liquidity amplifying every downside break
The result looked chaotic — but the mechanics were clear.
When leverage, structure, and psychology all crack at once, price moves faster than narratives can keep up.
#Bitcoin #BTC #crypto #Onchain #ETFs

Ați gândit totul.
Plan - există.
Nivelurile - stabilite.
Stop-loss - la loc.
BTC scade cu 15% în 1 oră. Totul conform planului, trebuie doar să așteptați. Dar… Mâinile vărsă instinctiv spre butonul „Închide tranzacția”. În interior, o voce strigă: „TOTUL E PIERDUT! SALVAȚI CE SE POATE!” Familiar? Creierul dumneavoastră „gânditor” este deconectat. Instantaneu se activează creierul „reptilian”, care vede doar amenințarea. Sarcina lui nu este să câștige, ci să SUPRAVIEȚUIASCĂ. Acum.🔻 De ce disciplina se prăbușește în cel mai important moment?

⚠️ RĂSPUNS DIRECT:
DA, prețul Bitcoin poate fi manipulată temporar în piețele pe termen scurt.
DAR NU, Bitcoin nu poate fi controlat sau oprit fundamental pe termen lung.
Aceasta este diferența crucială între:
· Manipularea prețului (pe termen scurt, pe burse)
· Controlul protocolului (pe termen lung, imposibil)
---
📊 DIFERITELE NIVELURI DE "MANIPULARE"
1. MANIPULAREA PREȚULUI PE BURSE (REAL)
Unde? Binance, Coinbase, etc.
De către cine? Balene, creatori de piață, fonduri instituționale
Cum?
```mermaid
grafic LR
A[Balena depune 5.000 BTC] --> B[Creează un ordin de vânzare uriaș]

Ce anume trage cu adevărat piața în „Iarna criptomonedelor”?
Piața crypto trece prin cele mai întunecate zile din ultimele luni. Prețurile activelor se prăbușesc, lichiditatea slăbește, iar psihologia investitorilor se schimbă treptat de la speranță la defensivă.
Deși capitalizarea totală a avut o ușoară revenire, imaginea generală nu s-a îmbunătățit prea mult — aproape că se întoarce la nivelurile de la sfârșitul anului 2024.

Bitcoin se tranzacționează în jurul valorii de 70.000 USD, pierzând 22% doar într-o lună. Ethereum a crescut ușor peste 2.000 USD, dar rămâne cu 33% mai puțin decât înainte. Aceste cifre arată clar un adevăr: recuperările sunt doar tehnice, iar tendința principală rămâne descendentă.

Fiecare $BTC cycle bottom a avut loc cu 15% sub Prețul Realizat pe Termen Lung al Deținătorului.
În prezent, se află în jur de 40,300 $.
O scădere de 15% înseamnă că Bitcoin va atinge o minimă în jur de 34,500 $.
Personal, nu cred că am putea ajunge atât de jos.

#crypto

Preț: 86.46 USDT (+5.32% acum, creștere de la 82.02)
Creștere de la fund: +9% - prima lumânare verde în zilele de cădere.
📊 Niveluri cheie:
Sprijin: 82.02 (minimum zilnic)
Rezistență: 89.84 (maximul zilnic)
RSI(6) a crescut la 53.63 (a fost 29.10) - ieșire din suprasolicitare. Prețul a depășit EMA(21). Volumuri enorme - 550 milioane USDT în 24 de ore.

$BTC
Bitcoin has dropped almost 50% in just four months, falling from $126,000 to around $60,000. Many people are asking: Why did this happen if there was no big bad news?
The reason is not one single event, but many factors working together.
1. Bitcoin Is No Longer Driven Only by Spot Buying
In the past, Bitcoin’s price mainly depended on people buying and selling real BTC.
Today, things have changed.
Most trading now happens in derivative markets, such as:
Futures
Perpetual contracts
Options
ETFs
Leveraged products
Wrapped BTC
These allow traders to bet on Bitcoin’s price without owning real coins.
Because of this:
Heavy short positions can push price down
Liquidation of leveraged longs causes fast crashes
Price moves faster and stronger than before
This is why recent drops look liquidation-driven, not normal selling.
2. Global Markets Are in “Risk-Off” Mode
This weakness is not only in crypto.
When global markets become uncertain, investors:
Sell risky assets
Move money into safer places
Bitcoin is a high-risk asset, so it usually falls harder and faster during these periods.
3. Macro & Geopolitical Uncertainty
Rising global tensions and political uncertainty make investors:
More defensive
Less willing to take risks
In such conditions, crypto demand usually weakens.
4. Liquidity & Federal Reserve Expectations
Even though people expect future interest rate cuts, markets are worried about:
Delayed easing
Tight liquidity
When liquidity expectations weaken, risk assets reprice lower, including Bitcoin.
5. Weak Economic Signals
Signs like:
Slowing economic growth
Credit stress
Recession fears
Often cause investors to reduce exposure.
Historically, crypto suffers larger drawdowns during these cycles.
6. This Is Structured Selling, Not Panic
One important detail:
This sell-off does not look like retail panic.
Instead, it appears to be:
Institutional repositioning
Gradual risk reduction
Strategic exposure trimming
This suggests smart money is adjusting positions, not running away in fear.
Final Thoughts
Bitcoin’s drop is the result of multiple forces combined, including:
Heavy use of derivatives
High leverage
Global risk-off sentiment
Liquidity concerns
Geopolitical uncertainty
Weak macro signals
Until leverage reduces and macro conditions improve, short-term rallies may happen, but strong upside could remain limited for now.
📌 Markets move in cycles. Understanding structure is more important than emotions.
$BTC
#BTC☀ #crypto

The crypto market has entered a phase of extreme fear after Bitcoin (BTC) briefly capitulated to the $60,000 level. While $BTC attempted a mild rebound on Friday, February 6, 2026, sentiment across the market remains deeply pessimistic.
According to CoinMarketCap, the Fear & Greed Index plunged to 5/100, marking its lowest level in over three years. This kind of reading historically signals panic rather than rational decision-making. At the same time, more than 580,000 traders were liquidated, wiping out over $2.5 billion in positions within 24 hours — with long traders taking the majority of the hit.
Despite the bounce, the crowd is still betting against Bitcoin.
Crowd Expects More Pain Ahead
On-chain and sentiment data from Santiment shows that the majority of crypto discussions on social media are calling for further downside in the coming days. Terms like “lower” and “below” are overwhelmingly outpacing “higher” and “above”, a classic sign of bearish crowd psychology.
Prediction markets back this up. Kalshi currently prices a 90% probability that Bitcoin will trade below $60,000, reinforcing expectations of continued capitulation.
Santiment warns that the current rebound could be a dead-cat bounce — a temporary relief move within a broader bearish structure. Historically, when the crowd remains bearish during a bounce, price can continue higher. However, if sentiment flips bullish too quickly, it often triggers another leg down.
Liquidity Drying Up as BTC Nears Accumulation Zone
Liquidity inflows into crypto have been weak in recent months, especially as capital chased a parabolic rally in precious metals like Gold and Silver. With buyers thinning out, sellers have dominated price action.
From a macro perspective, Bitcoin is already trading within a bear-market structure, similar to the post-2021 cycle. According to CryptoQuant’s Market Cycle Signals, $BTC is approaching its historical accumulation range, estimated around $54,600.
This zone has previously marked areas where long-term investors quietly step in while fear peaks.
Whales Capitulate While Retail Accumulates
On-chain data paints an interesting divergence. Large wallets (whales) have been reducing exposure, contributing to downside pressure, while smaller holders continue accumulating. This imbalance has prevented Bitcoin from sustaining bullish momentum over the past few months.
Historically, this transfer of supply from weak hands to strong hands often precedes major trend reversals — but only after volatility shakes out excess leverage.
The Bigger Picture
While crypto failed to follow precious metals in their recent parabolic move, the fundamental backdrop for Bitcoin has quietly improved:
Stronger on-chain infrastructure
Maturing institutional frameworks
Slowing regulatory hostility in key regions
Potential future capital rotation back from metals into $BTC
These factors support the possibility of a V-shaped recovery once liquidity returns and sentiment resets.
For now, Bitcoin remains volatile, sentiment is crushed, and fear dominates headlines — conditions that historically precede accumulation, not long-term tops.
BTCUSDT (Perpetual)
$69,285 | -0.64%
#BTC #bitcoin #crypto #MarketSentimentToday #BTCUSDT