The risk remains the issue as the market sits

By Omkar Godbolole (all time and unless otherwise indicated)

The cryptography market seeks to recover a balance after yesterday’s fall with chain indicators that show Bitcoin capitulation signs. Some tokens, such as the MKERDAO MKR, stand out with a 20% gain in 24 hours, thanks to the repurchase process and burns of the DAO.

IP, the native token of the Blockchain history protocol focused on decentralized intellectual property, is also in green, which has increased almost 40%. The price of Token has doubled in two weeks after being included in the exchanges of South Korea.

Other notable higher yields include Celestia Aunt together with XDC, QNT and Hype. Data tracked by Blockchain Sleuth Lookonchain shows that whales have been buying the sauce in the token of hype. Meanwhile, XRP is at a key level of Fibonacci, keeping the hope of the bulls of greater profits alive.

According to Matthew Hougan, Bitwise Asset Management investment director, the cryptographic market is digesting the end of the recent memecoin frenzy, which could be replaced by productive sectors such as stables, active assets of the real world and defi. “But until they begin to make their presence feel, the loss of energy will create a drag in the market,” said Hougan in X.

In the macroeconomic front, the optimism seen after the November 4 elections is being replaced by caution, as evidenced by the launch of the United States consumer confidence. The meter fell to a minimum of eight months, and the expectations of one year inflation were higher for 1.5 years, with the rates of President Donald Trump they pointed out as the main concern in almost all household and businesses surveys.

Dour’s feeling and a strengthening can keep up in restricted risk assets for some time. Earlier this week, the head of the Central Bank of Belgium, Pierre Wunsch, warned that the ECB runs the risk of walking in too many tariff cuts. It is unlikely that the Fed, meanwhile, will do in the short term. (Of course, the minutes of the January meeting discussed the end of quantitive tightening, but that does not mean quantitative decrease).

Speaking of key events to take into account, the Senate Banking Committee, led by Senator Cynthia Lummis, is ready to review the cryptography regulations during Wednesday’s scheduled hearing entitled “Exploring Bipartisan Legislative Mark for Digital Assets.” Stay alert!

What to see

• Crypto:
• Macro
  • February 26, 10:00 am: The US Census Office releases the new January residential sales report.
    • New housing sales Est. 0.68m vs. Prev. 0.698m
    • New Sales of Housing Mom Prev. 3.6%
  • February 26-27: The first Meeting of Finance Ministers of the G20 of 2025 and governors of the Central Bank (Cabo Cabo).
  • February 27, 8:30 am: The United States Economic Analysis Office releases the GDP from Q4 (2nd estimate).
    • PCE prices QOQ Est. 2.5% vs. Prev. 2.2%
    • PCE PRICES QOQ Est. 2.3% vs. Prev. 1.5%
    • GDP growth rate QOQ Est. 2.3% vs. Prev. 3.1%
  • February 27, 8:30 am: The Department of Labor Labor of the United States Unemployment Insurance Segment weekly claims for the week ended on February 22.
    • Initial unemployment claims Est. 221k vs. Prev. 219K
• Earnings
  • February 26: Mara Holdings (Mara), Post -Mercado, $ -0.13
  • February 26: Nvidia (NVDA), post-market, $ 0.85

Token events

• VOTES AND CALLS OF GOVERNMENTS
  • Frax Dao is discussing the protocol update by changing the name of FXS to Frax, making it the gas token in Fraxtal, implementing the hard fork of Frax North Star and introducing a tail emission plan with gradually decreased emissions and other improvements.
  • DYDX DAO is voting on the distribution of $ 1.5 million in Treasury tokens of the community Treasury to users qualified in Season 9 of negotiation as part of its incentive program.
• You unlock
  • February 28: Optimism (OP) to unlock 2.32% of the circulating offer worth $ 33.97 million.
  • March 1: DYDX will unlock 1.14% of the circulating offer worth $ 5.76 million.
  • March 1: Zetachain (Zeta) Unlock 6.48% of the circulating offer worth $ 12.81 million.
  • March 1: SUI (SUI) will unlock 0.74% of the circulating offer for a value of $ 68.90 million.
  • March 2: Ethena (ENA) will unlock 1.3% of the circulating offer worth $ 16.47 million.
  • March 7: Kaspa (Kas) will unlock 0.63% of the circulating offer for a value of $ 14.85 million.
  • March 8: Berachain (Bera) will unlock 9.28% of the circulating offer worth $ 70.90 million.
• Tokens listings
  • February 26: Moonwell (well) that will be listed in Kraken.
  • February 27: Venice Token (VVV) will be listed in Kraken.
  • February 28: Worldcoin (WLD) will be listed in Kraken.

Conferences

Token talk

By Francisco Rodrigues

• Solana, often criticized for its inflationary monetary policy, is considering the implementation of a governance proposal to change it, SIMD-0228.
• The proposal would introduce a dynamic emission model promoted by the market for tokens Sol and potentially reduce inflation.
• The proposal would move away the block chain of its current model of fixed emissions that has seen the circulating supply of sun increase to around 500 million tokens.
• The token of the history protocol elsewhere, IP, has been stirring the bearish trend that seized the cryptocurrency market in recent days. IP surpassed the broader Coindesk 20 index as merchants stationed by the tokenization of intellectual property.
• The industry ecosystem is also recovering behind the Bybit cryptocurrency after its pirate of $ 1.5 billion. The exchange has launched a “war against Lazarus” for Crowdsource research efforts against the North Korean group.

Derivative positioning

• The BTC -month CME base has fallen to 4%, the lowest in almost two years, according to veil data. That is a sign of weakening the upward feeling. Ether’s base has fallen to just over 5%.
• The perpetual financing rates for TRX, Avax, XLM, Shib and OM are negative, which reflects a bias for short short positions.
• BTC, ETH, in the short term, the positions continue to operate with a premium to the calls, which reflects the fears of a continuous price drop.

Market movements:

• BTC increases by 1% of the 4 PM et on Tuesday to $ 89,19377 (24 hours: -0.11%)
• ETH has dropped 0.36% to $ 2,487.88 (24 hours: +2.19%)
• COINDESK 20 has increased 0.42% to 2,882.89 (24 hours: +2.34%)
• The reference rate composed of CESR Ether CESR rises 29 bp with 3.28%
• BTC’s financing rate is 0.0005% (0.6% annualized) in OKX

• DXY has risen 0.17% 106.49
• Gold has dropped 0.24% to $ 2,913,89/oz
• La Plata has dropped 0.78% to $ 31.78/oz
• Nikkei 225 closed -0.25% to 38,142.37
• Hang Seng closed +3.27% to 23,787.93
• Ftse has risen 0.54% to 8,715.19
• Euro Stoxx 50 increases 1.14% to 5,510.13
• Djia closed on Tuesday +0.37% to 43,621.16
• S&P 500 Closed -0.47% to 5,955.25
• Nasdaq closed -1.35% to 19,026.39
• The closed S&P/TSX compound index +0.21% at 25,203.98
• S&P 40 Latin America closed +0.19% to 2,390.95
• The 10 -year Treasury rate of US increases 2 BPS at 4.32%
• E-mini s & p 500 Futures rose 0.5% to 5,999.75
• E-mini nasdaq-100 the futures rose 0.82% to 21,321.50
• E-mini dow Jones The industrial average of the index has increased 0.27% to 43,808.00

Bitcoin statistics:

• BTC domain: 61.11 (0.13%)
• Bitcoin Ethereum Relationship: 0.02793 (-0.75%)
• Hashrat (seven -day mobile): 746 eh/s
• Hashprice (spot): $ 52.40
• Total rates: 11.39 BTC / $ 1.1 million
• Cme future open interest: 164,970 BTC
• BTC with a gold price: 30.5 oz
• BTC vs Gold Market Cap: 8.66%

Technical analysis

• The Bitcoin Time Table shows that the MACD histogram has been biased at reach since Tuesday night. Even so, there have been few upward progress in terms of price.
• The divergence between prices and MacD, along with the averages of the leaning key, suggests potential for another sales round before reaching a significant fund.
• A convincing movement is needed above $ 90,000 to invalidate the bearish perspectives.

Cryptographic equities

• Microstrategy (MSTR): closed on Tuesday at $ 250.51 (-11.41%), 3.66% higher than $ 259.68 in the previous market
• Global Coinbase (Coin): Closed at $ 212.49 (-6.42%), 2.04% more at $ 216.82
• Galaxy Digital Holdings (GLXY): Closed at C $ 20.09 (-7.84%)
• Mara Holdings (Mara): closed at $ 12.41 (-10.62%), 2.86% lower $ 12.77
• Riot Platforms (Riot): Closed at $ 9.32 (-6.71%), 2.79% lower $ 9.58
• Core Scientific (Corz): closed at $ 9.76 (-1.01%), an increase of 3.28% to $ 10.08
• CleanSTark (CLSK): closed at $ 8.15 (-8.43%), 1.96% higher than $ 8.31
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): closed at $ 17.04 (-11.25%), 4.46% more at $ 17,80
• Semler Scientific (SMLR): closed at $ 42.42 (-4.42%), 2.5% more at $ 43.48
• Exodus movement (exod): closed at $ 39.86 (-3.16%), 1% less than $ 39.46

ETF flows

Spot BTC ETF:

• Daily net flow: -$ 937.7 million
• Cumulative net flows: $ 38.09 billion
• Total BTC holdings ~ 1,157 million.

Spot Eth Ethfs

• Daily net flow: -$ 50.1 million
• Cumulative net flows: $ 3.02 billion
• Total eth holdings ~ 3,750 million.

Source: Farside Investors

Flows during the night

Figure of the day

• The sales volume of the network in BTC on Tuesday was the strongest since May 2021, according to data tracked by Glassnode and Andre Dragosch, head of research from Europe in Bitwise.
• Perhaps weak hands have capitulated, leaving the market in a much healthier state.

While you sleep

• XRP, BNB EDGE Higher as Bitcoin Bulls Eye $ 90K After Tuesday Bloodbath (Coindesk): Bitcoin recovered to almost $ 89,000 with main XRP and BNB cryptocurrencies that also show signs of a cautious recovery.
• Bitcoin Tuesday, Bloodbath, was the background, says the analyst (Coindesk): the signals in the chain suggest a limited disadvantage.
• The US Bitcoin ET. On Tuesday he marked the redemption of a single more steep day for the Bitcoin Spot ETFs that is quoted in the United States since its inception.
• Circle says that Stablecoin emitters must be registered in the US.
• The treasure produces a bounce slightly, a dollar undermined by the growth concerns of the United States (Reuters): 10 -year treasure performance rose 3 basic points to 4,3271% after the United States Chamber approved a project of Budget Law that paves the road for $ 4.5 billion tax cuts.
• The main Finance Ministers deny the G20 as global cooperation sits by tension (financial times): this week’s G20 meeting in South Africa is remarkable for the absence of finance ministers of the United States, China, Japan, India, India, Brazil and Mexico, which causes doubts about doubts the effectiveness of the forum.

In the ether