Crypto Daybook Americas: Market in Sea of ​​Red, BTC Seen Diving to $ 80k

The Crypto Market is a Sea of ​​Red, with Bitcoin Trading at Three-Month Lows Under $ 88,000 and The Coindesk 20 Index Down More than 10% in 24 Hours. There are several catalysts for the swoon, including risk-off sentiment in Traditional Markets and Influence from memecoins, Especiality the recent trading in Trump and Libra.

As We Discussed Monday, Market Makers Attendering the Consensus Hong Kong Conference Last Week Week Week Week Week Week Worred the MEMECOIN FRENZY HAD SUCKED LIQUERS vulnerable.

Another Reason is President Donald Trump’s Inaction. Althugh he made significant promises in the lead-up to the elections, Concrete Action Has Been Scarce. The anticipated Strategic BTC Reserve Remains Absent, and Even State-Level Reserves Are Proving Challenge to Implement.

“The Industry Is Still Waiting for this to Manifest in a Tangible Way in the Form of Measures Such as A Mooted Bitcoin Strategic Reserve,” Petr Kozyakov, CO-FOUNDER An. “In the Meantime, Sentiment Has Been Hit Hard by the Biggest Ever Hack Hack at the Bybit Exchange, Leaking 401,000 ETH, and A MEMEEIN Sector Played with High-Profile Pump and Dump.”

Lastly, Renewed Conceerns About the US Economy Are Zaping Demand for Riskier Assets.

“There is Also CONCERN ABOUT the SLOWDOWN IN US GROWTH SINCE LAST WEEK’S US SERVICES PMI RELEASE, The LOWEST IN 22 MONHS AND Consistent WitH GDP GRINTH TRACKING AT 0.6% ONLYLYLYLYLYLYLYL Aurelie Barthere Said. “OUR Nansen Risk Barometter Also Just Turned Risk-Off From Neutral Today.”

Together, they Sent BTC Diving Out of It Two-Month-Long Range Play Between $ 90,000 and $ 110,000. Technical Analysis Theory Suggests It Could Drop to $ 70,000, Thought The Maximum Open Interest in Btc Put Options Listed on Deribit Sits at the $ 80,000 Strike, Indicating Thot Support.

What Could Stabilize Prices? Perhaps and AnnounCement from Trump Regarding A Strategic Reserve or A Sharp Reversal by The Nasdaq 100. However, that Index Has Fallelen Below Its 50 Against G7 Currencies, Including the Dollar.

The Next Major Catalysts for Risk Assets Are Nvidia’s Earnings on Feb. 26 and Core Pce Inflation On Feb. 28. Stay Alert!

What to Watch

• Crypto:
  • Feb. 25, 9:00 am: Ethereum Foundation Research Team Ama on Reddit.
  • Feb. 25: Pascal Hard Fork Network Upgrade Goes Live on the BNB Smart Chain (BSC) Testnet.
  • Feb. 25, 9:00 AM (APROXIMATE): Reactive Network Mainnet Launch, As Well As the Initial Creation and Distribution of the React Token.
  • Feb. 26, 9:00 AM (APROXIMATE): Cosmos (Atom) Network Upgrade.
  • Feb. 26: Redstone (Red) Farming Starts on Binance Launchpool.
  • Feb. 27, 4:00 AM: Alchemy Pay (ACH) Community Ama on Discord.
  • Feb. 27: Solana-Based L2 Sonic SVM (Sonic) Mainnet Launch (“Mobius”).
• Macro
  • Feb. 25, 10:00 AM: The Conference Board (CB) Releases February’s Consumer Confidentnce Index.
    • CB Consumer Confidentnce Est. 102.5 Vs. Prev. 104.1
  • Feb. 25, 1:00 PM: Richmond Fed President Tom Barkin Delivers A Speech Titled “Inflation Ten and Now.”
  • Feb. 25, 7:30 PM: The Australian Bureau of Statistics Releases January’s Consumer Price Index.
    • MONTHLY CPI INDICATOR EST. 2.6% Vs. Prev. 2.5%
  • Feb. 26, 10:00 AM: The US Census Bureau Releases January’s New Residential Sales Report.
    • New Home Sales Est. 0.68m vs. Prev. 0.698m
    • New Home Sales Mom Prev. 3.6%
  • Feb. 26-27: 2025’s First G20 Finance Ministers and Central Bank Governors Meeting (Cape Town).
• Earnings
  • Feb. 25: Bitdeer Technologies Group (BTDR), Pre-Market, $ -0.17
  • Feb. 25: CIPPHER MINING (CIFR), Pre-Market, $ -0.09
  • Feb. 26: Mara Holdings (Mara), Post-Market, $ -0.13
  • Feb. 26: NVIDIA (NVDA), Post-Market

TKEN EVENTS

• Governans votes & calls
  • Ampleforth Dao is voteing on reducing the Flash mint fee to 0.5% and the Flash Redem fee to 5% to increase the System’s Adaptability.
  • Dydx Dao Is Discussing The Establishment of a Dydx Buack Program. ITS Initial Step Willd AlloCate 25% of the Dydx’s Protocol Net Revenue to Buy Back Token.
  • Frax Dao Is Discussing Upgrading the Protocol by Renaming FXs to Frax, Making It The Gas Token on Fraxtal, Implementing the Frax North Star HardFork, and Introducing A TAMISSING Emissions, Among Other Enhancements.
• Unlocks
  • Feb. 28: Optimism (OP) to Unlock 2.32% of Circulating Supple Worth $ 30.21 Million.
  • Mar. 1: Dydx to Unlock 1.14% of Circulating Supple Worth $ 5.36 Million.
  • Mar. 1: Zetachain (Zeta) To Unlock 6.48% of Circulating Supple Worth $ 11.86 Million.
  • Mar. 1: sui (sui) to unlock 0.74% of circulating Supple worth $ 61.32 Million.
  • Mar. 7: Kaspa (kas) to unlocked 0.63% of circulating Supple worth $ 14.02 Million.
  • Mar. 8: Berachain (Bera) to Unlock 9.28% of Circulating Supple Worth $ 61.6 Million.
  • Mar. 12: Aptos (Apt) to Unlock 1.93% of Circulating Supple Worth $ 69.89 Million.
• Token Listings
  • Feb. 25: zoo (zoo) to be listed on kucoin.
  • Feb. 25: Ethena (ena) to be listed on bithumb.
  • Feb. 26: Moonwell (Well) to be listed on kraken.
  • Feb. 27: Venice Token (VVV) to Be Listed on Kraken.
  • Feb. 28: Worldcoin (Wld) to be listed on kraken.

Conferences:

• Coindesk’s Consensus to Take Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.
  
• Day 3 of 8: Ethdenver 2025 (Denver)
• Feb. 25: Hederacon 2025 (Denver)
• March 2-3: Crypto Expo Europe (Bucharest, Romania)
• March 8: Bitcoin Alive (Sydney, Australia)
• March 10-11: Moneylive Summit (London)
• March 13-14: Web3 Amsterdam ’25 (Netherlands)
• March 19-20: Next Block Expo (Warsaw, Poland)
• March 26: DC Blockchain Summit 2025 (Washington)
• March 28: Solana Apex (Cape Town, South Africa)

Token TalkBy shaurya malwa

• A token tied to a fake sam bankman-free account became the rug-pull of the day.

(Dextools)

• The Scam Started with The Account «Comune Guardiaagrel,” A SMALLIAN CITIA CITI A VERIFIED GREY CHECKMARK INDICATING IS Verification.
• Scammers Probably Hijacked or Boughht The Account and Changed the Name to “@sbf_doge” MIMICKING SAM Bankman-Fried (SBF), The Disgraced Crypto Mogul Jailed For the FTX FTX FTX FTX FTX FTX FTX.
• The accounts of the launched a memecoin, Likely tricking unususpecting traders or bots into Thinking it was legitimate due to the verification badge.
• The MEMEIN’S Market Capitalization Rose to $ 10 Million Before ITS CREATORS PULLED LIQUITY, CRASHING IT TO A $ 100,000 Capitalization and Pocketing Fees and Proceeds Gaineda.

Derivatives Positioning

• The Top 25 Cryptocurrencies by Market Value, Excluding Stablecoins, Have Registered Price Losses in the Past 24 Hours. At Same Time, MOST HAVE SEEN INCREASES IN OPEN INTEREST IN PERPETUAL FUTES AND NEGATIVATIVE CUMulatory Volume Deltas, Indicating An Influx of Bearish Short Positions. Perhaps there is more pain ahead.
• On Deribit, Xrp’s February Expiry Puts Trade at A 8 Vol Premium Relativ to Calls. Talk About Sentiment Being Notable Bearish.
• BTC, Eth Options Show Downside Concerns Till Mid-To-To-March, with Subsequent Expiries Reting the Bullish Call Bias.

Market Movements:

• BTC IS DOWN 6.23% FROM 4 PM ET MONDAY AT $ 88,118.16 (24hrs: -7.7%)
• ETH IS DOWN 9.4% AT $ 2,393.03 (24hrs: -10.6%)
• Coindesk 20 is Down 9.19% AT 2.750.01 (24hrs: -11.61%)
• Ether Cesr Composite Staking Rate Is Unchanged AT 2.99%
• BTC FUNDING RATE IS AT 0.0008% (0.84% ​​Annualized) on Binance

• DXY IS UNCHANGED AT 106.7
• Gold is Down 0.28% AT $ 2,937.90/OZ
• Silver is Down 0.43% AT $ 32.14/Oz
• Nikkei 225 CLOSED -1.39% AT 38,237.79
• Hang Seng Closed -1.32% AT 23,034.02
• FTSE IS UP 0.34% AT 8,688.48
• Euro Stoxx 50 is Unchanged AT 5,449.69
• DJIA CLOSED ON MONDAY UNCHANGED AT 43,461.21
• S&P 500 CLOSED -0.5% AT 5,983.25
• NASDAQ CLOSED -1.21% AT 19,286.93
• S&P/Tsx Composite Index Closed UnChanged AT 25,151.26
• S&P 40 Latin America Closed -0.92% AT 2.386.34
• US 10-YEAR Treasury Rate is Down 6 BPS at 4.35%
• E-mini S&P 500 Futures Are Down 0.78% AT 5.981.75
• E-mini NASDAQ-100 Futures Are Down 0.53% AT 21,306.25
• E-mini Dow Jones Industrial Average Index Futures Are Down 0.13% AT 43,479.00

Bitcoin Stats:

• BTC Dominance: 61.81% (-0.15%)
• Ethereum to Bitcoin Ratio: 0.02720 (-0.95%)
• Hashrate (Seven-Day MOVING AVERAGE): 745 eh/s
• HashPrice (Spot): $ 56.8
• Total Fees: 7.5 BTC / $ 1.3 Million
• CME FUTures Open Interest: 166,510 BTC
• BTC PRICED IN GOLD: 29.7 OZ
• BTC VS Gold Market Cap: 8.42%

Technical AnalysisBTC’s Daily Chart. (TradingView/Coindesk)

• BTC’s Daily Chart Shows the Cryptocurrency have Trigger A Double Top Bearish Reversal Pattern.
• The Shift in Trend Supports of the Case for a Protrakted Weakness to the 200-Day Simple Moving Average, Presently Stated Below $ 82,000.

Crypto equities

• Microstrategy (Mstr): CLOSED ON MONDAY AT $ 282.76 (-5.65%), Down 6.35% AT $ 264.81 In Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 227.07 (-3.53%), Down 5.6% AT $ 214.14
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 21.80 (-4.22%)
• Mara Holdings (Mara): CLOSED AT $ 13.25 (-4.68%), Down 5.76% AT $ 13.09
• Riot Platforms (Riot): CLOSED AT $ 9.99 (-4.49%), Down 5.01% AT $ 9.49
• Core Scientific (Corz): CLOSED AT $ 9.86 (-8.7%), Down 5.58% AT $ 9.31
• Cleanspark (CLSK): CLOSED AT $ 8.90 (-3.78%), Down 5.39% AT $ 8.42
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 19.20 (-6.43%), Down 5.21% AT $ 18.20
• Semler Scientific (SMLR): CLOSED AT $ 44.38 (-7.04%), Down 1.8% AT $ 43.58
• Exodus Movement (Exod): Closed At $ 41.16 (-13.91%), UnChanded In Pre-Market

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: -$ 516.4 Million
• Cumulative Net Flows: $ 39.05 Billion
• Total BTC Holdings ~ 1,105 Million.

Spot eth etfs

• Daily Net Flow: -$ 78 Million
• Cumulative Net Flows: $ 3.07 Billion
• Total Eth Holdings ~ 3.331 Million.

Source: Farside Investors

Overnight FlowsChart of the dayDaily Trading Volume on Solana-Based Dex Raydium. (Artemis)

• Raydium Registered A Cumulative Trading Volume of $ 1.9 Billion on Monday, The Lowest Since Nov. 29, accounting to artemis.
• The Slowdown Partly Explans the Recent Decline of the Value of the Ray Token and Solana’s Sol Token.

While You Were Sleeping

• Bitcoin Slides Below $ 89k to 3-Month Low As Nasdaq Futures Dip, Yen Sparks Risk-Off Fears (Coindesk): Bitcoin Fell Bell Bell $ 89,000 As Nasdaq Futures Tse. Raised Concerns of Risk Aversion Similar to August 2024.
• US BITCOIN ETFS Post Year’s 2nd-Biggest Outflows As Basis Trade Drops Balows 5% (Coindesk): US-LITTED SPOT BTC ETFS SAW $ 516 Million in Outflows on MONDAY to 4%, The Lowest Since the Etfs Began Trading in January 2024.
• USDE Issuer Ethena Labs Integrates Chaos Chaos Labs’ Edge Proof of Reserves Oracles to Strengthan Risk from chaos labs.
• Forget Maga, Investors Want Mega: Make Europe Great Again (The Wall Street Journal) by Record Inflows and Mounting Calls for Regulatory Reform.
• China Learned to Embrace What the Us Forgot: The Virtues of Creative Destruction (Bloomberg): Amid Rising US Tariffs and A Faltering Property Market, China Is Cutting Back on Go. Collapsse SO Resources Can Shift to Tech and Innovation.
• Asian Shares Slide as US Curbs China Investment, Euro Gain Fades (Reuters): Asian Shares Fell Tuesday Amid US Restrictions on Chinese Investments. MSCI’s Asia-Pacific Index Droped 1% and Japan’s Nikkei Fell 1.3%.

In the Ether