$7.9 billion worth of BTC and $0.967 billion worth of ETH options in notional value are set to expire tomorrow.
Deribit Data: Crypto Options Expiry & Settlement Tomorrow at 16:00 UTC (Feb 27)
- BTC options: $7.9B notional, 0.76 put/call ratio, max pain at $75k
- ETH options: $9.67B notional, 0.77 put/call ratio, max pain at $2.2k
Note: The "tomorrow" referenced aligns with Feb 26 (original date) → Feb 27 UTC.
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Following Musk's tweet "Grok returns today," the long-standing Meme coin gork surged over 520% in a single day
On February 26th, data from GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_38PgzpJYu2HkiYvV8qePFakB8tuobPdGm2FFEn7Dpump) shows the Solana-based meme coin **gork** saw a short-term surge early this morning, driven by Elon Musk’s tweet: “Gork returns today.”
At one point, its market cap skyrocketed from under $1 million to $14 million before plummeting back—currently sitting at $6 million. The token is up 520% in 24 hours, with a trading volume of $20.9 million over the same period, and has been live on-chain for roughly 301 days.
The meme coin traces back to an X account mimicking xAI’s Grok, named “gork” (X: @gork), which now has 349,000 followers. Back in May 2025, the token’s market cap spiked to over $130 million after Musk temporarily changed his X handle to “Gorklon Rust” and used a Gork-themed avatar. Notably, this “gork” X account has not posted any tweets since November 18 last year.
BlockBeats warns users that meme coin trading is extremely volatile, ofte
4 minutes ago
Indiana Bitcoin Bill Advances Through Both Houses, Moves to Final Signing Stage
February 26th — Indiana’s House Bill 1042 (HB 1042) has cleared both chambers of the state legislature and is now awaiting Governor Mike Braun’s signature.
The bill, which would allow major public retirement and savings plans to offer cryptocurrency investment options and protect individuals’ access to digital assets, advanced after the Indiana House approved Senate amendments on Wednesday. If signed into law, its provisions will take effect July 1, 2026, per The Block.
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Analysis: Market Risk Appetite Rebounds, Funds Rotating into High-Beta Tokens
February 26 — Bitcoin surged to nearly $70,000 early this morning, CoinDesk reported, and has since pulled back to around $68,300.
Altcoins are outperforming Bitcoin across the board: Ethereum (ETH) is up 8.5%, Solana (SOL) 6.9%, and Cardano (ADA) 10.8%. This divergence typically signals a return of risk appetite to the market, as traders—believing the worst of the recent sell-off is over—are chasing higher-risk, higher-beta asset opportunities.
ZeroStack CEO Daniel Reis-Faria noted: “The forced selling wave is fading. Altcoins are outperforming Bitcoin again, and more tokens are leading Bitcoin’s gains. The market is showing rotation.”
Meanwhile, the crypto market’s macro backdrop remains fragile. Market maker Wintermute pointed out that as funds flow into defensive, tangible assets, cryptocurrencies are under pressure in sync with tech stocks, steadily losing upward momentum.
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Due to today's altcoin rebound, which far exceeded the impact on BTC, a whale that bet 50 million on BTC to outperform altcoins suffered losses in both directions
Feb 26 — Per Coinbob Popular Address Monitor (link: https://t.me/Coinbob_track_CN), the whale with an address starting with 0x939 currently holds ~$24.8M in BTC long positions, with a floating loss of ~$1.01M. It also holds ~$26.4M in short positions across 8 altcoins (ETH, XRP, ADA, etc.), all of which are now in floating loss today.
This position structure likely reflects a hedging strategy: roughly equal long/short exposure, betting altcoins (with higher Beta than BTC) will hold up better in a market downturn. The strategy delivered steady gains during prior selloffs.
However, today’s market rebound saw BTC rise ~4.4% — while most altcoins rallied far stronger (ETH +8.3%, XRP +5.9%, ADA +10.7%). This put the whale’s dual long/short positions under simultaneous pressure, expanding overall losses; its capital has shrunk by over $600k today.
Since altcoins are rebounding faster than Bitcoin, the hedging strategy is incurring asymmetric losses. If the market continues to heat u
4 minutes ago