Открытая экологическая система создающая кино
An open ecological system that creates movies
开放式生态系统制作胶片

Из жизни альткоинов

В России впервые оплатили штраф цифровыми рублями

bits.media/ - 2 часа 11 мин. назад
Руководитель Федерального казначейства России Роман Артюхин сообщил президенту Владимиру Путину, что ведомство впервые получило на свой счет цифровую валюту центробанка — 1500 рублей поступило в качестве оплаты административного штрафа.

Бывший полицейский напал на подростка и украл у него битконы

bits.media/ - 5 часов 13 мин. назад
Суд присяжных Лос‑Анджелеса признал 38‑летнего экс-сотрудника местной полиции Эрика Хейлема (Eric Halem) виновным в нападении на 17‑летнего подростка ради флешки с биткоинами на $350 000.

Минфин России допустил возможность платежей в стейблкоинах

bits.media/ - 5 часов 37 мин. назад
Стейблкоины надо регулировать отдельно от других криптовалют, заявил директор департамента финансовой политики Минфина России Алексей Яковлев. По его словам, в ведомстве считают, что привязанные к национальным валютам токены наиболее близки к средствам платежа.

Глава Банка Японии предложил переводить платежи на блокчейн

bits.media/ - 6 часов 3 мин. назад
Управляющий Банка Японии Уэда Кадзуо (Ueda Kazuo) предложил совершать финансовые сделки через блокчейн и использовать для международных расчетов цифровые валюты центральных банков-партнеров. Это должно изменить мировую финансовую систему к лучшему, уверен чиновник.

Cardano Founder Sounds Alarm Over New US Crypto Bill

bitcoinist.com - 6 часов 36 мин. назад

Cardano founder Charles Hoskinson is urging the crypto industry to take a harder look at H.R. 3633, arguing that the market structure bill could lock future US token projects into securities status rather than provide the regulatory clarity its backers promise. His criticism goes beyond process: Hoskinson says the bill, as written, could protect legacy networks while making it far harder for new crypto projects to launch and grow inside the United States.

Cardano Founder Issues A Stark Warning

In a video published March 2, the Cardano founder framed the dispute partly as a direct response to Ripple CEO Brad Garlinghouse’s view that a flawed bill is still preferable to no bill. Hoskinson rejected that outright. “A bad bill is not better than no bill,” he said. “You start from a principles-based approach. You don’t make everything a security by default, and you upgrade modernized securities laws so that’s not so bad.”

His core objection is that the Clarity Act would treat newly launched digital assets as securities first, then require them to convince the SEC they qualify to “graduate” into commodity status once their networks are sufficiently decentralized. In Hoskinson’s reading, that framework would have captured XRP, Cardano and Ethereum at launch. The difference, he argued, is that older networks may ultimately be grandfathered in, while future projects would face a regulatory maze from day one.

Hoskinson repeatedly returned to the same question: what, in practice, stops the SEC from keeping a token classified as a security indefinitely? “If it starts as a security, what stops them from keeping it as a security forever?” he asked. “And are we really sure that we can trust that to rulemaking that has yet to happen by people who have yet to be appointed by agencies that spent the last four [expletive] years suing everybody and throwing everybody in prison?”

From there, he laid out a series of what he called “attack vectors” that an adversarial SEC could use in rulemaking. One involved procedural delays around filing completeness, where the agency could keep resetting the clock with deficiency notices. Another focused on the bill’s undefined treatment of “common control,” which he said could let regulators interpret open-source coordination itself as evidence of centralized management.

He also argued that proving decentralization could become impossible if issuers were required to identify beneficial owners across pseudonymous wallet systems or rely on compliance categories the SEC has not even created.

The broad point was that the bill may look workable in statute but become punitive in implementation. “A bad bill enshrines into law every single thing Gary Gensler was trying to do to the industry,” Hoskinson said. “A bad bill through rulemaking allows the SEC to arbitrarily and capriciously kill every new project in the United States. A bad bill exposes all DeFi developers to personal liability.”

He also argued the current political fight in Washington is not really about the bill’s structure at all. According to Hoskinson, the real holdup is stablecoin yield, not developer protections, DeFi coverage or the SEC-CFTC split. In his telling, that leaves the industry in a strange place: a bill marketed as market structure reform, but one that “doesn’t cover the core of what’s going on in the industry right now.”

Hoskinson’s preferred alternative is a principles-based rewrite that modernizes securities law itself, builds blockchain-native disclosure rails, explicitly protects developers and DeFi, and limits how much discretion regulators can exercise in later rulemaking. Otherwise, he warned, the practical result may be simple: established networks survive, while the next generation of US crypto projects builds offshore first and only tries to enter the American market years later.

At press time, Cardano traded at $0.2692.

Крупный майнер объяснил желание распродать все свои биткоины

bits.media/ - 6 часов 37 мин. назад
Одна из крупнейших майнинговых компаний США Core Scientific заявила о предстоящей продаже всех своих 2537 BTC. Причиной компания называет желание вложиться в расширение мощностей для нужд искусственного интеллекта.    

Инвесторы не смогли доказать соучастие Uniswap в мошенничестве

bits.media/ - 7 часов 2 мин. назад
Федеральный суд Манхэттена отклонил коллективный иск против децентрализованной криптобиржи Uniswap по делу о торговле созданными мошенниками токенами. По решению судьи Кэтрин Полк Файлла (Katherine Polk Failla), авторам жалобы запрещено подавать другие аналогичные исковые заявления против этой платформы.

В Турции предложили ввести 10% налог на доходы от криптовалют

bits.media/ - 7 часов 39 мин. назад
Правящая партия Турции — Партия справедливости и развития (ПСР) — предложила ввести 10% налог на доходы и прибыль от операций с криптовалютами. Инициатива включена в проект поправок к налоговому законодательству страны.

Отток средств с крупнейшей иранской биржи Nobitex вырос на 700%

bits.media/ - 8 часов 4 мин. назад
Отток криптовалют с крупнейшей иранской биржи Nobitex вырос на 700% и достиг $3 млн после атак США и Израиля по территории Ирана. Об этом сообщили аналитики блокчейн-компании Elliptic. Основная часть средств направляется на зарубежные криптообменники и биржи.

Ethereum Is Bullish In March: Here’s How It Has Performed In Previous Years

bitcoinist.com - 8 часов 6 мин. назад

Historically, the Ethereum price has been very bullish for the first quarter of the year, with a few exceptions, and the month of March has been no different from the first two months of the year. Therefore, as the market ushers in another month of March, this report takes a look at the performance of Ethereum this month, and if this historical performance can point out where the second-largest cryptocurrency by market cap could be headed.

Ethereum Is Ushering In A Bullish Month, But There’s A ‘But’

According to historical data from the CryptoRank website, the month of March has been one of the most bullish in history. Since its inception in 2015, only the months of January and May have surpassed the month of March in terms of average returns.

Looking at the number of years that the month of March has ended in the green, only the months of January and February can match it. Simply put, March has historically been one of the best months for investors who hold ETH. In that case, the probability of this month ending in green is also high.

As the website shows, over the last 10 years, there have been only three years where the month of March has ended in the red for Ethereum. Taking the monthly returns into account, it comes out to an average 23.7% for Ethereum in March.

However, there is a hitch due to the fact that the first three months of the year have often moved in tandem. There have only been a few years of deviation, and given the trend that the year 2026 has begun with, the Ethereum price might be in trouble.

Despite the high average returns, the months of January and February 2026 have both ended in the red. The former saw a 17.7% decline, while the latter has seen a 19.6% crash. If this trend plays out as it has in history, then the likelihood of March ending in the red has just become higher.

While it is too early to tell where the price might end, there has already been a lot of uncertainty. This is because ETH has continued to skirt around the $2,000 level, with no indications that an upward move is imminent. If it follows the months of January and February, then the Ethereum price could be looking at a double-digit crash.

Гендиректор VanEck оценил перспективы биткоина до конца года

bits.media/ - 8 часов 29 мин. назад
Генеральный директор инвестиционной компании VanEck Ян ван Эк (Jan van Eck) заявил, что цена биткоина находится близко к минимальным значениям текущего цикла и к концу года медвежья фаза может завершиться.

Аналитики JPMorgan оценили влияние закона CLARITY на крипторынок

bits.media/ - 9 часов 21 мин. назад
Аналитики американского банковского холдинга JPMorgan заявили, что одним из ключевых факторов роста крипторынка во втором полугодии может стать принятие законопроекта «О прозрачности рынка цифровых активов» (CLARITY).

CFTC Names New Enforcement Leader, Chair Promises End To Crypto Crackdown Era

bitcoinist.com - 9 часов 36 мин. назад

The US Commodity Futures Trading Commission announced Monday that former federal prosecutor David Miller will serve as the agency’s new Director of Enforcement, a key role for crypto regulation. 

Key CFTC Appointment

According to Reuters, Miller previously worked in the securities and commodities fraud task force at the US Attorney’s Office in Manhattan, where he was known for pursuing complex, high-profile financial cases. 

The appointment comes as newly installed CFTC Chairman Michael Selig reshapes the agency’s leadership. Selig joined the commission in late December and has since begun rebuilding staff ranks. 

The regulator has been significantly thinned during President Donald Trump’s administration, with numerous career officials departing over the past year amid a broader reduction in the federal workforce. Selig currently stands as the sole political appointee on what is traditionally a bipartisan five-member commission.

In a statement, Miller said he is eager to support the chairman’s agenda: 

Under Chairman Selig’s leadership, I look forward to working closely with the talented Commission staff to advance the chairman’s mission of fostering innovation and protecting the integrity of U.S. markets, including from fraud, abuse, and manipulation.

End Of Regulation By Enforcement In Crypto

Before returning to public service, Miller worked in private practice, where he represented clients in several digital asset cases brought by US authorities. 

His recent work included defending a manager at a nonfungible token (NFT) platform who faced wire fraud and money laundering charges, as well as a former Coinbase product manager accused of insider trading. 

Chairman Selig underscored what he described as a shift in philosophy at the enforcement division. In a social media post announcing the appointment, he said: 

I’m delighted to announce David Miller as Director of Enforcement. The era of regulation by enforcement and witch hunts targeting crypto and other transformative industries is over. David will focus the division on policing fraud, manipulation and abuse — not policymaking.

The leadership change has been widely interpreted within the industry as aligning with President Trump’s stated ambition to position the United States as “the crypto capital of the world.” 

In mid-February, the CFTC unveiled another initiative aimed at strengthening ties with the digital asset sector: a newly formed Innovation Advisory Committee composed of 35 members drawn from major exchanges, blockchain companies, and other industry leaders.

The committee is intended to provide the regulator with current, technical insight as it evaluates potential rules covering derivatives, market structure, token classification and related issues. 

Chairman Selig said the advisory group would help ensure that the commission’s decisions reflect real-world market dynamics. He added that the collaboration is designed to help establish clearer regulatory guidelines, which he referred to as part of a broader “Golden Age of American Financial Markets.

Featured image from OpenArt, chart from TradingView.com 

Компания ProCap Энтони Помплиано увеличила запас биткоинов

bits.media/ - 9 часов 46 мин. назад
Компания ProCap Financial, принадлежащая соучредителю Morgan Creek Digital Энтони Помплиано (Anthony Pompliano), объявила о покупке 450 биткоинов на сумму около $35 млн. Сделка состоялась в рамках программы обратного выкупа собственных акций.

Топ-менеджер Risk Dimensions объяснил рост биткоина

bits.media/ - 10 часов 11 мин. назад
Главный инвестиционный директор компании Risk Dimensions Марк Коннорс (Mark Connors) заявил, что недавний рост биткоина связан с эффектом «короткого сжатия» на рынке.

No Crypto Market Structure Deal Could Lead To Increased Regulatory Crackdown, Expert Says

bitcoinist.com - 10 часов 36 мин. назад

The long-anticipated CLARITY Act, widely viewed as the cornerstone of a comprehensive US crypto market structure framework, has failed to meet the March 1 deadline set by the White House two weeks ago. 

The administration had urged both the crypto industry and the banking sector to reach common ground to move the legislation forward. That agreement has yet to materialize.

Crypto Bill Hits ‘Yield Wall’ 

Representatives from both industries have held a series of meetings at the White House, frequently describing the discussions as “constructive.” However, despite that tone, negotiations have stalled at a critical point. 

While the Senate Agriculture Committee has approved its portion of the bill, progress in the Senate Banking Committee has slowed considerably. 

The sticking point centers on whether stablecoin issuers should be allowed to offer yield or rewards to holders — an issue that has delayed any markup date for the Banking Committee’s section of the legislation.

The disagreement has fueled speculation that if lawmakers fail to strike a deal, federal regulators could revert to a tougher stance toward crypto firms. 

Market commentator Paul Barron said the bill has effectively run into what he described as a “yield wall,” referring to the impasse over stablecoin rewards. He noted that the crypto industry is pushing for the right to provide regulated yield on stablecoins, arguing that without that flexibility, the US risks driving innovation offshore.

If no compromise is reached, Barron suggested that the likely outcome would be continued “regulation by enforcement” from agencies such as the Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC). 

On the other hand, a middle-ground solution — for example, restricting stablecoin yield to qualified investors — could unlock substantial institutional capital. 

That possibility aligns with projections from JPMorgan, which has forecast meaningful institutional inflows into digital assets in the latter half of 2026 if regulatory clarity improves.

Institutional Surge Under CLARITY Act

JPMorgan analysts, led by Nikolaos Panigirtzoglou, have described the potential passage of the CLARITY Act as a decisive turning point for the crypto market. 

According to reporting from market expert MartyParty, the bank views the bill not as a minor regulatory adjustment but as a structural overhaul of the US digital asset framework.

In a recent research note, JPMorgan outlined three interconnected effects that could follow the bill’s approval. First, it would end the current reliance on enforcement actions as the primary method of oversight, replacing uncertainty with defined rules. 

Second, it could shift institutional engagement with crypto from tentative exploration to high-conviction participation. Third, it may accelerate the tokenization of real-world assets (RWAs), a trend many financial institutions have been cautiously developing.

New negotiations in the Senate are expected to resume in April 2026, with July 2026 seen as an informal deadline before the election cycle begins to dominate the legislative agenda and reduce the likelihood of major policy breakthroughs.

Featured image from OpenArt, chart from TradingView.com

Bitcoin Just Got A $200 Million Vote Of Confidence From Saylor’s Strategy

bitcoinist.com - 11 часов 36 мин. назад

Bitcoin moved into the headlines after Strategy completed its 101st buy, taking on 3,015 BTC at an average near $67,700. According to reports, the company spent roughly $204 million on the latest lot and now holds about 720,737 BTC in total.

The new purchase nudges down the company’s overall cost basis, which some reports place around $75,985 per coin.

Stock Sales Fund Buys

Reports say Strategy used its market programs to raise the cash. The company sold both common shares and STRC preferred stock under at-the-market arrangements to fund the buys.

Preferred dividends were increased around the same time, a move that drew attention because it makes preferred shares more attractive to investors who finance later acquisitions.

A Big Treasury, Slightly Lowered Cost

The math matters. With the latest buy priced below the company’s average, the overall cost per Bitcoin falls a bit. That improves the accounting picture on paper. It does not erase the fact that a lot of the funding came from issuing equity rather than from regular operating cash flow.

Strategy has acquired 3,015 BTC for ~$204.1 million at ~$67,700 per bitcoin. As of 3/1/2026, we hodl 720,737 $BTC acquired for ~$54.77 billion at ~$75,985 per bitcoin. $MSTR $STRC https://t.co/rqDIhlUDNx

— Michael Saylor (@saylor) March 2, 2026

Some shareholders welcome the strategy. Others worry about dilution and what repeated share sales do to equity value over time.

Market Supply And Sentiment

The purchase is large by any single firm’s standard. Still, the wider Bitcoin market is large too. Moves of this size add to the story about corporate demand and are talked about in trading rooms, but they rarely force dramatic price shifts on their own.

Price reaction depends on broader flows, liquidity, and whether other big holders choose to sell or sit tight.

Strategy’s Action And Investor Signals

Reports note that Strategy’s steady accumulation continues a long pattern. The firm has consistently bought more Bitcoin in recent years and largely stuck to the same playbook: use equity markets to gather crypto.

That sends a clear message that the company plans to keep treating Bitcoin as a core asset. At the same time, the funding approach ties the firm’s finances to both stock market sentiment and Bitcoin price swings.

What This Means For Risk

There are tradeoffs. Owning a huge stash of Bitcoin gives the firm exposure to any long-term rise in price. It also makes the company sensitive to sudden drops; large swings in crypto value can change the balance sheet fast.

Because purchases are often funded through share offerings, the company’s capital structure shifts in step with its bitcoin program. Some risk is shared with new investors who buy those shares.

Strategy Still The Largest Known Corporate Holder

Based on reports, Strategy remains one of the biggest corporate holders of Bitcoin. The latest buy keeps the needle pointing in the same direction: accumulation continues.

Observers will be watching how the company balances fresh buys, dividend moves on preferred stock, and shareholder reactions in the months ahead.

Featured image from Pexels, chart from TradingView

South Korea To Review Seized Crypto Custody Practices After Recovery Phase Leak Incident

bitcoinist.com - 12 часов 36 мин. назад

South Korean financial authorities have pledged to revise their crypto custody practices following public scrutiny over multiple incidents that led to the loss of nearly $30 million in seized digital assets over the past few months.

Authorities Move To Enhance Crypto Custody Practices

South Korea’s Deputy Prime Minister and Minister of Finance, Koo Yun-cheol, affirmed that authorities will review their management practices of seized crypto assets by government and public authorities, and develop measures to prevent the theft and loss of these assets.

“In response to the recent digital asset information leak incident at the National Tax Service (NTS), the government will promptly review the status and management practices of digital assets held and managed by government and public institutions—such as those seized from delinquent taxpayers—in collaboration with relevant agencies, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS),” the finance minister wrote in a Sunday X post.

“We will also swiftly develop and implement measures to prevent recurrence, including strengthening digital asset security management,” he continued, noting that the South Korean government only holds crypto assets acquired through legal enforcement actions, such as seizure.

The upcoming review and Koo’s statement follow a wave of criticism over the authorities’ practices and management of crypto assets after the tax agency exposed the recovery seed phrase of a seized wallet, leading to unauthorized access and theft of the tokens inside it.

As reported by Bitcoinist, South Korea’s National Tax Service recently published an official press release to highlight its crackdown on tax nonpayers, but accidentally shared a full wallet seed phrase in the process.

The Thursday press release was reportedly part of a broader NTS enforcement campaign targeted at people who owed taxes, showing seized crypto assets as evidence of the agency’s efforts.

Nonetheless, it included an image of two Ledger cold wallets alongside a handwritten sheet of paper that exposed the wallets’ complete mnemonic recovery phrases.

Soon after, one of the confiscated wallets’ entire balance, 4 million Pre-Retogeum (PRTG) tokens worth around $4.8 million, was transferred to another address, blockchain researchers found, but noted that the cryptocurrency has extremely low liquidity.

According to Professor Cho Jae-woo of Hansung University’s Blockchain Research Institute, the other wallets with seed phrases visible in the same image did not appear to carry significant risk, as the leaked tokens are also difficult to convert into cash.

The expert criticized the incident, but shared his hope that it “serves as a turning point for the establishment of a robust virtual asset management system within Korea’s public sector.”

South Korea’s Custody Mishaps

Last week’s incident is the latest in a series of security breaches that have led to the loss of around $27 million in seized crypto assets under the government’s custody since the start of the year.

In January, the Gwangju District Prosecutors’ Office faced backlash after discovering that 320 Bitcoin (BTC), worth around $21 million, had gone missing months ago. According to local reports, authorities only discovered the theft during a routine check of seized financial assets held as criminal evidence.

Prosecutors found that the crypto assets, first seized in 2021, were lost to a scam in August while authorities were handling the assets. Notably, a malicious actor drained the wallets after investigators mistakenly accessed a phishing website.

In an unexpected turn of events, the hacker returned the stolen Bitcoin in mid-February, the Gwangju District Prosecutors’ Office confirmed, vowing to continue to track down the malicious actors involved while conducting related investigations and inspections.

The incident led to a nationwide review, which revealed another security breach at the Seoul Gangnam Police Station last month. The Gangnam station announced it had lost 22 BTC, worth around $1.4 million at the time, that were voluntarily submitted to authorities during an investigation in November 2021.

Local news outlets reported that the leak had not been detected until recently, as the investigation into that case had been suspended. The inspection revealed that the cold wallet storing the Bitcoin was not stolen. However, the assets stored inside had vanished without a trace, deepening concerns about local authorities’ knowledge of cryptocurrencies and proper measures to handle and custody seized digital assets.

Bitcoin NFTs Axed By Magic Eden In Strategic Gambling Pivot

bitcoinist.com - 13 часов 36 мин. назад

A well-known Solana NFT marketplace that once pushed hard into Bitcoin and other chains has quietly started to shrink its footprint.

Reports say the shift will be fast and clear: several services will stop working in March and April as the company focuses where it thinks the money is.

Magic Eden Pulls Back To Solana

The change is not small. Support for EVM and Bitcoin Ordinals and Runes is being wound down on March 9th, with the Bitcoin API shutting on March 27 and the platform’s self-custody wallet set to go fully offline on April 1.

Reports note that the marketplace will keep Solana support and some Pack products, but many cross-chain tools will disappear. Users have been told to move assets or export keys before the cutoff dates to avoid losing access.

Why This Happened

Costs and returns drove the move. According to posts from company leadership, most engineering and infrastructure costs were tied to products that brought in only a fraction of the revenue.

Update on @MagicEden and @DiceyHQ:

It is clear we’re entering a new era where finance and entertainment merge. We are now 2 months into @DiceyHQ’s closed beta and are incredibly bullish on how things have developed (~200 users, >$15M wagered).

To give Dicey the focus it…

— Jack (@0xLeoInRio) February 27, 2026

In plain terms: a lot of work for little money. That math pushed a rethink about where to spend limited resources. One part of the business is being doubled down on: an on-chain casino called Dicey that ran a closed beta earlier this year and drew heavy betting volume.

What The Beta Showed

Dicey’s trial phase attracted around 200 users who placed roughly $15,000,000 in wagers over two months. Reports say that number convinced management the product could make stronger returns than the quieter NFT markets the company had been supporting.

The casino plans to add a sportsbook and other betting features, and the firm argues betting could be a steadier source of fees than low-volume NFT listings.

Market Effects And Reaction

The broader NFT market has been weak for months, and this shutdown is one of several signs that platforms are trimming offerings. Some collectors and builders will be annoyed, since tools and markets they used are being removed.

Others will see the move as pragmatic — a firm choosing fewer products it understands well over many it does not. Coverage from industry outlets picked up the story quickly once leadership posted details on social channels.

A Word From The CEO

Jack Lu wrote that the company was refocusing on its original Solana work and on products with clearer paths to revenue.

He described the closed beta’s results as “encouraging” and said the company will stop its NFT buyback program to free up resources for the betting product.

Featured image from www.outsideonline.com, chart from TradingView

Why Bitcoin Seasonality Failed: Inside BTC’s Structural Breakdown In February 2026

bitcoinist.com - 14 часов 36 мин. назад

Bitcoin is currently consolidating between $62,000 and $69,000, compressing within a narrowing range as geopolitical tensions in the Middle East inject fresh uncertainty into global risk markets. Rather than trending decisively, price action reflects hesitation. Buyers have defended the lower bound near $62K, yet repeated failures below $69K indicate that upside conviction remains limited in the current environment.

According to XWIN Research Japan, February 2026 marked a notable break in historical seasonality. Bitcoin closed the month down 14.94%, despite February traditionally ranking among its stronger periods, often delivering double-digit average gains. This year, the pattern failed. The decline was not driven by a single headline event but by structural fragilities: thin liquidity conditions, leverage imbalances across derivatives markets, and persistently weak spot demand.

At the beginning of February, Bitcoin was trading near $84,000. However, on-chain indicators already signaled underlying stress. SOPR remained below 1, confirming that coins were being spent at a loss. Realized Cap flattened, pointing to a slowdown in fresh capital entering the network. Meanwhile, the Coinbase Premium lacked consistent strength, suggesting that US spot demand had not materially returned.

Leverage Unwinds and Weak Spot Demand Undermine February’s Rebound

The mid-February drawdown was not simply a directional selloff; it was a leverage event. As the price weakened, liquidation cascades accelerated the decline, forcing long positions out of the market. Open Interest contracted sharply, confirming that the move was driven by derivatives unwinds rather than steady spot distribution. In a thin liquidity regime, these leverage resets tend to exaggerate volatility. When order books are shallow, relatively modest flows can push prices disproportionately, amplifying downside extensions.

Although Fear & Greed dropped into Extreme Fear, sentiment exhaustion alone proved insufficient to engineer a durable reversal. Capitulation without follow-through demand often produces reflex bounces, not structural bottoms.

The more structural constraint was the absence of consistent spot participation. ETF flows recorded intermittent daily inflows, but they lacked sustained weekly momentum. At the same time, stablecoin supply growth remained muted, indicating limited sidelined capital ready to deploy. Consequently, rebounds were largely short-covering rallies, driven by position unwinds rather than fresh accumulation.

Macro context reinforced this fragility. Equity weakness and dollar strength framed Bitcoin as a high-beta liquidity proxy, not a defensive asset. In February, structural supply-demand imbalances overpowered historical seasonality. A durable shift now depends on persistent spot inflows and disciplined Open Interest rebuilding.

Bitcoin Tests Weekly Support as $69K Turns Into Overhead Resistance

On the weekly timeframe, price is attempting to stabilize near the $66,000 region after a sharp rejection from the $90,000–$100,000 supply zone. The structure shows a clear shift from expansion to distribution: following the late-2025 peak, Bitcoin printed a sequence of lower highs and ultimately lost the 50-week moving average (blue), which had previously acted as dynamic support throughout the uptrend.

The breakdown accelerated once price slipped below the 100-week moving average (green), triggering a fast move toward the mid-$60K area. Notably, the 200-week moving average (red), currently rising near the high-$50K region, remains intact. This level historically defines macro bull-market structure. As long as the price holds above it, the broader cycle cannot be considered structurally broken.

Volume expanded meaningfully during the selloff, particularly on large red weekly candles, suggesting forced unwinds rather than gradual distribution. However, the most recent candles show compression and reduced downside momentum, indicating short-term equilibrium between buyers and sellers.

Technically, $69K now acts as immediate resistance, aligning with prior support turned overhead supply. A weekly close reclaiming that zone would open room toward the 50-week average. Failure to hold $62K, however, would increase the probability of a deeper test of the 200-week baseline.

Featured image from ChatGPT, chart from TradingView.com 

Страницы

Подписка на Кино токен  Kino token  硬币电影 сбор новостей - Из жизни криптовалют