Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin Sees Short-Term Recovery, Surges Above $68,000

On February 13, according to market data from crypto exchange HTX, Bitcoin staged a short-term rebound, moving above $68,000. It was last trading at $67,906, with a 24-hour price change of +0.01%.

Peter Brandt suggests Bitcoin may not have bottomed, unlikely to see a "real bottom" before October; predicts escalating market divergence

**February 13 Crypto Market Update: Analyst Insights & Polymarket Probabilities** Veteran trader and technical analyst Peter Brandt—who correctly called the 2018 Bitcoin crash—says Bitcoin hasn’t hit its real bottom yet, noting the actual bottom might not arrive until October 2026. He’d earlier forecast Bitcoin could slide to the $60k range in Q3 2026; on February 6, Bitcoin briefly dipped to roughly $62,700. Brandt adds: In the short term, prices could see upward swings but might still pull back to the $50k range this year. Meanwhile, Arthur Hayes argues Ethereum’s price will likely trade sideways in its current range until U.S. dollar liquidity improves. As of press time, Ethereum trades at ~$1,941—down more than 40% over the past 30 days. MN Trading Capital founder Micha?l van de Poppe counters, calling Ethereum now in an attractive accumulation zone. He notes stablecoin trading volume has jumped roughly 200% over the last 18 months. **Polymarket Probability Data:**

After CPI Release, Crypto Market Sees Minor Short-Term Volatility, Bitcoin Edges Up 0.24%

February 13: Following the release of CPI data, cryptocurrency markets saw minor short-term fluctuations. Bitcoin inched up 0.24% to $67,535. Meanwhile, the U.S. Dollar Index (DXY) fell nearly 20 points in the short term and was last trading at 96.87. Non-dollar currencies gained across the board: the EUR/USD pair rose over 20 points, while GBP/USD jumped more than 30 points.

Viewpoint: Bitcoin Price to Experience Dramatic Rebound After Quantum Resistance Proposal Consensus

On February 13, CoinDesk Senior Analyst James Van Straten commented on the BIP-360 proposal, noting that the entire industry only started taking the threat seriously after Bitcoin hit $60,000—progress he called gratifying. Van Straten said that if consensus is reached, the market could see a sharp 50% to 100% price reassessment within weeks. He also raised concerns about the fate of Bitcoin held by Satoshi Nakamoto and other long-dormant holdings. In earlier developments, Bitcoin Improvement Proposal 360 (BIP-360) has been added to the official codebase. The proposal introduces the Pay-to-Merkle-Root (P2MR) output type, designed to boost Bitcoin’s quantum computing defense via a soft fork.

Bhutan Continues Bitcoin Sell-Off as Mining Plan Slows Down

On February 12th, the Bhutanese government transferred 100 Bitcoin (BTC) to QCP Capital—valued at roughly $6.77 million—per Arkham data released February 13th. Over the past three weeks, Bhutan has sold Bitcoin on a weekly basis. The country offloaded at least $100 million worth of BTC in September 2024 and continues to gradually reduce its holdings. Currently, Bhutan holds $372 million worth of Bitcoin across confirmed wallets. Additionally, Bhutan’s planned Bitcoin mining operations—originally set to partner with Bitdeer Technologies for up to 600 megawatts (MW) of capacity—have seen slowed output since the April 2024 Bitcoin halving, per on-chain data.

Brazilian Congress Proposal to Establish Strategic Bitcoin Reserve, Planning to Accumulate 1 Million BTC Within 5 Years

February 13th — A bill to create a strategic sovereignty Bitcoin reserve in Brazil, named RESbit, has been formally filed with the country’s Chamber of Deputies, according to the chamber’s official website. The legislation requires Brazil to accumulate at least 1 million bitcoins over five years through phased, planned acquisitions—marking a major expansion of earlier proposals that would have used 5% of foreign exchange reserves for Bitcoin purchases. Additional provisions in the draft include: banning the sale of judicially seized Bitcoin; allowing Bitcoin as payment for federal taxes; and offering incentives for Bitcoin mining and holding firms. If passed, the bill would push Brazil’s Bitcoin holdings past those of the U.S. and China. Currently, the proposal faces hurdles from existing central bank regulations, which do not recognize Bitcoin as a reserve asset.

Bitcoin Surges Past $67,000

February 13: Bitcoin rebounded to push above $67,000, per HTX market data, last trading at $67,054.75.

BlackRock Executive Denies "IBIT Hedge Fund Blowup Triggered Bitcoin Crash" Speculation: IBIT is very robust, with fund redemption at only 0.2%

**Bitcoin News Brief** On February 13, Robert Mitchnick—BlackRock’s Global Head of Digital Assets—told attendees at the 2026 Bitcoin Investor Week that institutional investors, sovereign nations, and banks are buying Bitcoin amid its recent dip. Mitchnick also addressed rumors that an IBIT hedge fund default triggered a Bitcoin selloff, clarifying the misunderstanding that the fund was disrupting the ETF to drive volatility. “That’s not what we’re seeing,” he said. “Last week’s Bitcoin market was clearly turbulent, but IBIT (BlackRock’s Bitcoin ETF) saw just 0.2% in total redemptions. If hedge funds were aggressively unwinding arbitrage trades in the ETF, we’d expect billions in outflows. Instead, we saw billions in liquidations on leveraged perpetual swap platforms. The ETF itself remained very stable, and its investor base leans heavily toward long-term buy-and-hold holders.”

Perspective: The Bitcoin Market Sentiment has Entered an Extremely Fragile Stage, With a Potential Deep Bear Trend Looming After a Panic Sell-off

February 13th Chinese analyst Murphy notes Bitcoin’s Long-Term Holder Realized Profit/Loss Ratio (LTH-RPRL) has fallen below 1 for the first time in the current cycle — the last such occurrence was May 9, 2022. The Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) has also dropped below 1, meaning long-term holders (LTHs) are not only in overall losses but also continuously selling at a deficit. Murphy states current market sentiment is extremely fragile, with the prevailing mood being “ignore good news, amplify bad news.” During this phase, an event often escalates panic and triggers a collapse in LTH sentiment — a pattern he identifies as the final tremor of every bear market. Historically, when LTH-RPRL falls below 1, Bitcoin’s likelihood of entering a “deep bear market mode” increases significantly. Importantly, “deep bear” here refers to a prolonged period of decline, not sharp price drops.

Yesterday, the US Bitcoin Spot ETF saw a net outflow of $410.2 million, marking the second consecutive day of large outflows

February 13: US spot Bitcoin ETFs recorded a net outflow of $410.2 million yesterday, per Farside Investors’ monitoring—marking the second consecutive day of large net outflows.

Bitcoin Withdrawal Trend Continues, with a 24-hour Net Outflow of 1,838.56 BTC from CEX

As of February 13, Coinglass data shows centralized exchanges (CEXs) saw a total net outflow of 1,838.56 BTC in the past 24 hours. The top three CEXs by outflow volume are: - Coinbase Pro: 1,150.87 BTC out - Binance: 568.14 BTC out - OKX: 502.56 BTC out Additionally, Gate led inflows with 211.55 BTC coming in, ranking first on the inflow list.

If Bitcoin falls below $64,000, the mainstream CEX long liquidation pressure will reach $898 million

February 13th — Per Coinglass data, two critical liquidation thresholds exist for Bitcoin (BTC): - If BTC falls below $64,000, cumulative long position liquidations across major centralized exchanges (CEXs) will hit $898 million. - Conversely, a break above $69,000 would trigger $1.417 billion in cumulative short position liquidations on leading CEXs. **BlockBeats Note**: The liquidation chart does not display the exact number or value of contracts to be liquidated. Its bars instead show the **intensity** of each liquidation cluster relative to neighboring clusters — i.e., how impactful a price level will be. Higher bars signal a stronger reaction (driven by liquidity cascades) if BTC reaches that level.

Polymarket Prediction: Probability of "Bitcoin Falling to $50,000 This Year" Rises to 66%

On February 13, Polymarket odds show the probability of Bitcoin dropping to $50k this year has climbed to 66%. Additionally, the chance BTC will rebound to $80k within the year is currently 68%, while the odds of a $90k rebound stand at 52%.

Bloomberg: Bitcoin Stabilizes in Asian Trading Hours After Standard Chartered's Bank Warning

February 13 — Cryptocurrencies stabilized during Asian trading hours Friday, per Bloomberg data. That came after Standard Chartered warned Bitcoin could face further downside, while Coinbase — the largest U.S. crypto exchange — reported a fourth-quarter loss. Bitcoin was trading above $66,000 as of press time, after sliding 4% in New York trading earlier to hit $65,118 — its lowest level of the week. In a report released yesterday, Standard Chartered noted BTC could either rebound before dropping to $50,000, or see its year-end target price cut to $100,000.

Bitcoin codebase adds Improvement Proposal BIP-360 aimed at enhancing quantum resistance through a soft fork

On February 13, details on the relevant page show Bitcoin Improvement Proposal 360 (BIP-360) has been integrated into the official codebase. The proposal introduces the Pay-to-Merkle-Root (P2MR) output type, which aims to boost Bitcoin’s defense against quantum computing threats via a soft fork.

Coinbase's Q4 2021 Bitcoin Holdings Increase by $39 Million

On February 13, Coinbase disclosed in its 8-K filing with the U.S. Securities and Exchange Commission (SEC) that it increased its corporate bitcoin holdings by $39 million through weekly purchases in the fourth quarter of last year.

JPMorgan Reaffirms Bitcoin's Long-Term Target Price of $266,000

On February 13, a JPMorgan Chase analyst noted Bitcoin’s long-term price target stands at $266,000, based on volatility-adjusted comparisons to gold. A U.S. winter storm and high-cost miners exiting the market were the key drivers behind Bitcoin’s hash rate drop, though rebound signs have emerged. Despite short-term volatility, the JPMorgan team remains bullish on the crypto market through 2026, with institutional investors expected to fuel growth.

PGI CEO Sentenced to 20 Years in Prison for $200 Million Bitcoin Ponzi Scheme

On February 13, the U.S. Department of Justice (DOJ) announced a landmark case: Ramil Ventura Palafox, CEO of Praetorian Group International (PGI), was sentenced to 20 years in prison for operating a $200 million Bitcoin Ponzi scheme. Palafox, 61, a dual U.S.-Philippine citizen, served as PGI’s chairman and CEO. He was convicted of wire fraud and money laundering for defrauding more than 90,000 investors worldwide. The scheme ran from December 2019 to October 2021: Palafox falsely claimed PGI traded Bitcoin, promising daily returns of 0.5% to 3%. But PGI’s actual Bitcoin trading volume was far too low to deliver those returns—confirming it was a classic Ponzi scheme. Global investors poured over $201 million into PGI: $30.295289 million in fiat currency and 8,198 Bitcoins (valued at $171.498528 million). Total investor losses topped at least $62.692007 million.

US Stock Market Plunge Triggers Liquidity Crunch, Cryptocurrency Market Experiences Coordinated Flash Crash with Precious Metals, Bitcoin Briefly Approaches $65,000

Feb 13: Crypto & Market Update ### Crypto - Bitcoin dipped this morning to $65,118, now rebounded to $66,245; Ethereum briefly fell below $1,900, now at $1,948; SOL dropped under $80, BNB touched $600. - Total crypto market cap: $2.347T, 24-hour drop of 0.6%. - Top altcoin losers: CHESS (-51.45%, $0.0035); DF (-44.3%, $0.00175); BERA (-19.9%, $0.73); FLOW (-19.6%, $0.039); DYM (-9.3%, $0.0048) ### US Stocks - Dow (-1.34%), S&P 500 (-1.57%), Nasdaq (-2.03%); Apple plummeted 5%, Nvidia slipped 1.64%. - Coinbase (COIN) released Q4 2025 earnings: $667M net loss, but full-year performance remained strong. - Crypto-related stocks mostly down: MicroStrategy (MSTR) (-2.44%); Circle (CRCL) (-2.07%); BitMine Immersion (BMNR) (+1.39%, outperforming); SharpLink Gaming (SBET) (-1.21%); Coinbase (COIN) (-7.9%) ### Precious Metals (Bitget Data) - Spot gold tumbled $200 intraday to $4,878.376/oz; spot silver dropped below $75/oz (steeper decline).

Swedish Bitcoin Treasury Company H100 Completes Acquisition of Future Holdings

On February 13, Swedish publicly listed Bitcoin treasury firm HODL Group AB completed its acquisition of Future Holdings, a Swiss Bitcoin treasury company. As part of the deal, Richard Byworth, SYZCAP, and HUGESKY852 will serve as advisors to HODL Group, with plans to further strengthen the company’s board appointments in capital markets, credit, and institutional capabilities.

Bitcoin Dips Below $67,000, 24-hour Gain Narrows to 0.7%

Bitcoin dropped below $67,000 on February 13, per HTX market data, with a 24-hour change of 0.7%.

A Whale Transferred an Additional 1,800 Bitcoins to Binance, Worth Around $122 Million

February 12 — Per LookOnChain monitoring, the whale address 3NVeXm has just transferred an additional 1,800 BTC to Binance, valued at approximately $122 million. The same address sold 5,000 BTC via a centralized exchange (CEX) yesterday, with the transaction worth roughly $343 million.

Bitcoin Breaks $68,000, Up 2.1% in 24 Hours

Bitcoin topped $68,000 on February 12, per HTX market data, posting a 24-hour gain of 2.1%.

Analyst: Bitcoin Whales Accumulate During Dip, Current Pattern Similar to Early 2022 Bull Run Start

On February 12, Cointelegraph reported that Glassnode analysts noted Bitcoin whales accumulated during the recent pullback—with exchanges seeing an average outflow dominance of 3.2%—a pattern reminiscent of the lead-up to the first-half 2022 bull run.

Binance SAFU Fund Completes $1 Billion Bitcoin Purchase Plan

February 12 — Today, the Binance SAFU fund address has again acquired 4,545 BTC, valued at $304.58 million. Binance has completed its $1 billion Bitcoin purchase plan, currently holding 15,000 BTC worth $1.005 billion. As previously reported, on January 30, Binance announced it would gradually convert its original $1 billion stablecoin reserves into Bitcoin, with the plan to be fulfilled within 30 days. If the market value of the holdings falls below $800 million due to fluctuations, additional BTC will be purchased to restore the $1 billion target.

Caixin: Asset Disposal of 60,000 Bitcoins in the Qian Zhiping Money Laundering Case Stuck

**February 12** A Caixin report notes 8,300 Chinese victims have filed claims for 60,000 Bitcoin linked to a money laundering case involving Qian Zhimin, amid an asset recovery deadlock. Multiple law firms are representing the victims separately, but a British judge has flagged issues including duplicate submissions, repeated arguments, and prolonged proceedings—with legal fees soaring, to be covered by the Chinese victims. The UK High Court will hold a hearing on the case on February 16–17, 2026 (Chinese Lunar New Year’s Eve and the first day of the Year of the Horse). The hearing involves over 30 billion yuan in assets and nearly 130,000 Chinese victims. Bitcoin price fluctuations have shrunk the 60,000 Bitcoin’s market value from a peak of ~54 billion yuan on October 6, 2025, to ~31 billion yuan in early February 2026.

Analyst: Bitcoin Revisiting $60,000 Support is Becoming More Likely

February 12 Per Cointelegraph, Bitcoin fell to $65,800 on Wednesday, dropping below its key intraday trendline again—sparking market worries that last week’s $60,000 dip may not have been the final bottom. Analysts note widening liquidity gaps in the $66k–$60k range, lifting the odds of Bitcoin revisiting its annual low of $59,800. After multiple rejections near the $70k–$72k resistance zone, Bitcoin has formed a series of lower highs. Its RSI is moving toward oversold territory, with price trading below key moving averages. Liquidation heatmaps show thin liquidity around the $60.5k range, signaling lingering downside risks. With overall market structure weakening, a failure to quickly bounce back above $68k would raise downside risks, potentially pushing Bitcoin toward the $65k support level. Traders currently expect Bitcoin to trade in a $60k–$72k range. Likewise, analyst EliZ notes Bitcoin is consolidating in a downward channel near $66.5k. A break below this level could

Bitwise CEO Reveals Its Clients Bought $11 Million Bitcoin During Market Dip

February 12 — Bitwise CEO Hunter Horsley tweeted today: “A Bitwise wealth management client who had never allocated to crypto when first partnering with us two years ago invested $11 million in Bitcoin today amid the market pullback. For many investors yet to enter crypto, market pullbacks present opportunities.”

Analyst: Bitcoin May See Further Pullback, Better Entry Point if Trend Line is Broken

On February 12, analyst Brian Reynolds noted that Bitcoin’s recent decline has been relatively stable—not a panic sell-off—suggesting the price may test lower levels further before a strong buying opportunity emerges. While volatility has picked up, it remains below 2022–2023 levels. Given high market leverage, additional downside could trigger liquidations. Reynolds believes a better entry point will emerge if Bitcoin breaks below its trend line. Currently, Bitcoin trades at around $66,590, a sharp drop from its October 2023 high of $126,223.

If Bitcoin drops below $65,000, the mainstream CEX long liquidation volume will reach 675 million.

On February 12, per Coinglass data, if Bitcoin drops below $65,000, cumulative long liquidation strength across major centralized exchanges (CEXs) will hit $675 million. Conversely, if Bitcoin rises above $69,000, cumulative short liquidation strength on major CEXs will reach $905 million. BlockBeats Note: Liquidation charts do not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on these charts represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "strength." As such, liquidation charts indicate how significantly the underlying asset’s price will react when it hits a certain level. A taller "liquidation bar" means the price will see a more intense reaction from a liquidity cascade once it reaches that threshold.

Bitfury Co-Founder: Recent Crypto Market 50% Dip a Buying Opportunity, Emphasizes Bitcoin Only Part of Diversified Portfolio

On February 11, Val Vavilov—Bitfury co-founder and early Bitcoin investor—characterized the recent 50% crypto market dip as a buying opportunity. While still bullish on Bitcoin, he emphasizes it’s only one component of his diversified investment portfolio, which now includes an AI-driven data center business. Vavilov did not disclose specific purchase amounts, but his strategy contrasts sharply with the heavy bets of other crypto industry heavyweights. For example, Michael Saylor has poured $7 billion into Bitcoin since the October market downturn. By balancing allocations across crypto and AI, Vavilov has maintained asset stability amid market fluctuations, with his net worth currently standing at around $1.1 billion.

Bitcoin Drops Below $66,000

As of Feb. 11, Bitcoin has fallen below $66,000, posting a 4.5% drop over the past 24 hours, per HTX market data. ### Notes on American English adaptation: 1. **Conciseness**: Replaced "February 11th" with the common abbreviation "Feb. 11" (standard in U.S. news briefs) and "according to" with "per" (more concise for financial updates). 2. **Active framing**: Used "posting a 4.5% drop" instead of the passive "with a 4.5% decrease" (natural for U.S. market reporting). 3. **Clarity**: Ordered core info (asset movement → metric → source/date) to match U.S. news flow (prioritizes event over attribution first). 4. **Tense consistency**: Used present perfect "has fallen" to emphasize recent, relevant action (common in real-time market briefs).

Bitcoin Bounces Above $68,000

On February 11, per HTX market data, Bitcoin rebounded to break above $68,000, posting a 1.5% 24-hour decline.

Strike Founder: Buy Bitcoin on Dips, Now is a Good Time to Start DCA

On February 11, Strike founder Jack Mallers posted a message stating: "Bitcoin isn’t a software company. It trades like a software stock because many holders don’t truly understand it. This recent pullback has been painful, but it may be in the process of liquidating those leveraged 'software capital' positions—letting Bitcoin finally be priced and traded based on its 'hard money' properties. Stay the course. Buy the dip (BTFD). No one knows where the price will go, but historical data shows: if you believe Bitcoin won’t go to zero, now’s a good time to start dollar-cost averaging."

K33: Bitcoin May Have Bottomed Out, Poised for Consolidation Phase Between $60,000 and $75,000

February 11th — Per The Block, crypto research firm K33 noted that Bitcoin’s drop to $60,000 last week could mark a local bottom. The latest sell-off saw capitulation-like behavior across spot, ETF, and derivatives markets, including extreme readings in trading volume, funding rates, and option skew. On-chain metrics show Bitcoin’s daily RSI fell to 15.9 — the sixth-lowest level since 2015, trailing only March 2020 and November 2018. The Crypto Fear & Greed Index also dropped to 6, its second-lowest reading on record. K33 expects Bitcoin to consolidate in the $60k-$75k range, with a potential retest of support. However, downside risk below recent lows is limited.

After the US Non-Farm Payrolls and Unemployment Rate announcement, Bitcoin briefly surged over 1%.

February 11 — Per HTX Market Data, Bitcoin briefly climbed more than 1% to around $67,500 following the release of U.S. nonfarm payrolls and unemployment rate figures. U.S. Treasury bonds broadly declined across the curve after the jobs data was published. Earlier reports showed the U.S. January seasonally adjusted nonfarm payrolls increased by 130,000, far exceeding the market’s 70,000 estimate and marking the largest monthly gain since Q4 2025. The January unemployment rate came in at 4.3%, slightly below the 4.4% forecast and prior reading of 4.4%.

The crypto market dipped in the United States before the release of employment and inflation data, with Bitcoin falling to $67,000.

February 11 — Bitcoin and other cryptocurrencies are sliding as U.S. investors turn cautious ahead of key employment and inflation data releases. Analysts note the market is currently in a consolidation phase, waiting for clearer signals on interest rate direction. Meanwhile, demand is growing for downside protection on crypto-related stocks like Coinbase and MicroStrategy. Per HTX market data, Bitcoin has dropped 2.16% over the past 24 hours to $67,154, while Ethereum has fallen 2.7% to $1,952.

Denmark's largest bank, Danske Bank, offers Bitcoin and Ethereum ETPs to investors, ending an eight-year cryptocurrency "ban."

On February 11, Denmark’s largest lender Danske Bank launched Bitcoin and Ethereum exchange-traded products (ETPs) for investors, putting an end to its eight-year cryptocurrency-related restriction. Danske Bank attributed the policy shift to surging customer demand for crypto offerings. Previously, the bank had explicitly stated it would not provide any cryptocurrency services. Though it notes the crypto market has matured in recent years, the lender still stresses it does not recommend crypto as an asset class.

Polymarket Prediction: Probability of "Bitcoin Falling to $55k This Year" Rises to 78%

As of February 11, the probability that Bitcoin will drop to $55k this year on Polymarket has climbed to 78%. Additionally, the odds of it falling to $50k are 63%, while the chances of it rising to $80k stand at 72% and to $90k at 55%.

The Smarter Web Company purchased an additional 15 bitcoins

February 11: UK-based Bitcoin treasury firm The Smarter Web Company has added 15 Bitcoin to its holdings, bringing its total to 2,689.

Bitcoin Drops Below $67,000

On February 11, Bitcoin dropped below $67,000, down 3.19% over the past 24 hours, per HTX market data.

Bitcoin Miners Reach 'Surrender Phase': Production Cost Inversion, Both Hash Rate and Stock Price Under Pressure

**Bitcoin Mining Enters Crisis Phase as Hashrate Revenue Plummets to Historic Low** On February 11, the Bitcoin mining industry slid into a critical downturn, with per-unit hashrate revenue hitting an all-time low of roughly $35 per PH/s. A sharp market correction has dragged Bitcoin’s price down over 50% from its October 2025 peak of $126,000, now hovering around $60,000. In this landscape, **the network-wide average cost to mine one full Bitcoin stands at ~$87,000—about 45% higher than current market prices**—marking the first widespread "underwater mining" (costs exceeding revenue) since the 2022 bear market. CryptoQuant has labeled the current phase a "surrender period," defined by accelerated shutdowns of outdated mining rigs and a sharp contraction in network hashrate. As a result, public mining firms like MARA Holdings and Riot Platforms have seen their stocks drop more than 20% this week, with capital shifting to stable traditional assets like gold. Meanwhile, North Am

If Bitcoin drops below $66,000, the mainstream CEX's total long liquidation volume will reach 532 million.

Per Coinglass data as of February 11: - If Bitcoin falls below $66,000, cumulative long liquidation intensity across major centralized exchanges (CEX) will hit $532 million. - Conversely, should Bitcoin rise above $69,000, cumulative short liquidation intensity on these platforms will reach $316 million. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts at risk of liquidation. The bars instead reflect the relative importance of each liquidation cluster compared to adjacent clusters (defined as "intensity"). This means the chart indicates how strongly the underlying asset’s price will react when hitting a specific level: a taller bar signals a more intense price response driven by a liquidity surge.

Yesterday's US Spot Bitcoin ETF Net Inflow was $166.5 million, marking the third consecutive day of net inflows.

February 11 – Farside Investors data indicates US spot Bitcoin ETFs recorded a net inflow of $166.5 million yesterday, marking the third straight day of net inflows.

Goldman Sachs Trims Nearly 40% of Bitcoin ETF Holdings in Q4, Ups XRP and Solana ETF Holdings

February 11 — Goldman Sachs sharply cut its holdings of spot Bitcoin and Ethereum ETFs in Q4 2025, per the latest 13F filing with the U.S. Securities and Exchange Commission (SEC). As of Dec. 31, 2025, the firm held ~21.2 million spot Bitcoin ETF shares, worth ~$1.06 billion — a 39.4% drop from its Q3 2025 stake. For spot Ethereum ETFs, it held 40.7 million shares (valued at ~$1 billion), down 27.2% from the prior quarter. During the quarter, Goldman launched new positions in spot XRP and Solana ETFs, holding ~$152.2 million in XRP ETFs and ~$108.9 million in Solana ETFs. The moves came amid a broader crypto market slump in Q4 2025. Bitcoin’s price fell from ~$114,000 at end-September 2025 to ~$88,400 by year-end; Ethereum dropped from $4,140 to $2,970. Spot Bitcoin ETFs saw net outflows of $1.15 billion in the quarter, while spot Ethereum ETFs recorded net outflows of $1.46 billion.

Skybridge Capital has been accumulating Bitcoin in tranches at $84,000, $63,000, and the current range

On Feb. 11, SkyBridge Capital founder Anthony Scaramucci told the Consensus Hong Kong conference that his firm continues to buy Bitcoin despite the recent market downturn, revealing it has been gradually building its position at around $84,000, $63,000, and the current lower range. Bitcoin had previously fallen from above $126,000 in October to nearly $60,000 before rebounding to roughly $69,000. Scaramucci described buying Bitcoin during a downtrend as "catching a falling knife" but remains firmly bullish. He also noted former President Trump is "more crypto-friendly than his predecessor," though added Trump’s controversial geopolitical moves (such as comments about Greenland) could deepen partisan divisions and thus impact digital asset legislation. Additionally, Scaramucci stated that Solana—a programmable Layer 1 public blockchain—is poised to capture significant market share amid the competitive landscape for such networks.

Grayscale Research: Bitcoin's "Digital Gold" Narrative Faces Test, Price Action More Resembling High-Risk Growth Asset

A new Grayscale study released February 11 finds Bitcoin’s long-running “digital gold” narrative is facing headwinds: its recent price moves increasingly mirror high-risk growth assets, not traditional safe-havens. Report author Zach Pandl said Tuesday that while Grayscale still views Bitcoin as a long-term store of value (citing its fixed supply and independence from central banks), recent market performance tells a different story. “Bitcoin’s short-term price trends haven’t tracked gold or other precious metals closely,” Pandl noted, pointing to recent historic gains in gold and silver. The analysis found Bitcoin has grown strongly correlated with software stocks—especially since early 2024—amid a sharp sell-off in the sector driven by fears AI could disrupt or displace many software services. The report links Bitcoin’s heightened sensitivity to stocks and growth assets to its deeper integration into traditional finance, driven in part by institutional participation, ETF act

Santiment: Bitcoin Bounce Fails to Mask Market Fear, Sustained Rebound Probability May Increase

On February 11, crypto market research firm Santiment tweeted that Bitcoin has rebounded from last weekend’s dip to $60,000. Social media data analysis shows bearish sentiment in the market still outpaces bullish sentiment. With retail investors largely pessimistic, data indicates average investors remain reluctant to buy at current price levels—while key BTC whales are accumulating calmly with little resistance. Historically, when market panic is high, the probability of a price rebound rises significantly.

Harvard University's Bitcoin ETF Holdings Exceed Its Google Parent Company Alphabet Stock Value

On February 11th: Per Bitcoin Magazine, Harvard University’s holdings of Bitcoin ETFs have surpassed the market value of its shares in Alphabet, Google’s parent company.

Interactive Brokers Launches Coinbase Nano Bitcoin and Ethereum Futures, Enabling 24/7 Trading

February 10: Per market sources, Interactive Brokers has rolled out Coinbase Nano Bitcoin and Ethereum futures, with 24/7 trading now available.