Crypto Market Trends and Price Analysis

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XRP's recent price surge led to a significant liquidation of short positions, with traders losing $112,260. Despite a 25.90% drop in the past month, institutional interest has driven ETF inflows up, suggesting potential for a price rebound. XRP trades at $1.43, but volatility remains a concern. Ripple's CEO calls XRP the best-performing crypto despite market challenges.

With downward pressure and prolonged market weakness, Dogecoin (DOGE) failed to hold the $0.10 support level, causing the price to drop to a local low of $0.095 before recovering.

Bitcoin's market shows a divide: large holders sell while small investors buy. Mid-tier wallets exhibit mixed trends. Eric Trump highlights institutional interest, indicating a bullish outlook for Bitcoin's long-term potential.

Gate News bot message, Gate market display, GT up 3.11% in 24 hours, current price 7.28 USDT.

Crypto analyst Murphy pointed out that current on-chain data analysis shows the market is approaching a bear bottom. Faith buyers continue to accumulate BTC, demonstrating market confidence. Although the bottom position is difficult to predict, their actions help to establish the bottom range, and a new trend will emerge in the future.

According to Coinglass data, the total whale holdings on the Hyperliquid platform reach $2.964 billion, with long positions accounting for 49.55% and short positions for 50.45%. The giant whale address 0xa5b0..41 is using 15x leverage to hold a full position long on ETH, with an unrealized loss of $2.1237 million.

According to Coinglass data, in the past 24 hours, the crypto market fund outflow list shows a net outflow of $371 million for BTC. Other cryptocurrencies such as ENSO, KITE, BIO, and DOGE also experienced outflows. On the inflow side, USD1 and ETH had net inflows of $72.37 million and $40 million, respectively.

Bitcoin ETFs saw a reversal with $88.04 million net inflows on February 20 after three days of outflows totaling $403.90 million. IBIT and FBTC led the inflows while many ETFs remained inactive. The four-week outflow reached $2.48 billion.

Crypto analysts point out that Bitcoin's recent pullback has led to a significant increase in realized losses, reaching a new all-time high, similar to the crashes in 2018 and 2020. Currently, market sentiment is bearish, with many holders selling off their assets, which could indicate that a bottom is approaching.

Recently, the Bitcoin market has experienced intense volatility, with searches for "Bitcoin is dead" surging to a record high. Bitcoin's price dropped from $126,000 to around $63,000, reducing its market capitalization by over $2 trillion, triggering panic among retail investors. Analysts believe this sentiment may signal the bottom of the market rebound. Despite selling pressure, the market still shows capital resilience, with short-term selling appearing weak. The future of the crypto market is expected to evolve rather than perish.

ChainCatcher Message: According to Coinglass data, if BTC drops below $64,765, the total long liquidation strength on major CEXs will reach $1.755 billion. Conversely, if BTC breaks through $71,013, the total short liquidation strength on major CEXs will reach $1.318 billion.

ChainCatcher reports that, according to Coinglass data, if ETH falls below $1,874, the total liquidation strength of long positions on major CEXs will reach $860 million. Conversely, if ETH breaks above $2,057, the total liquidation strength of short positions on major CEXs will reach $732 million.

Sharplink, Inc. holds 867,798 ETH, nearly all staked for shareholder rewards, despite a 60% decline in ETH value. Institutional ownership has risen to 46%, driven by trust and strategic management. Recent brand updates and expert hires further strengthen this Ethereum-focused treasury firm.

According to Coinglass data, if Bitcoin breaks through $69,000, the liquidation strength of mainstream CEXs will reach 864 million; if it drops below $67,000, the long liquidation strength will reach 419 million. The liquidation chart reflects liquidation strength, not the specific number or value of contracts.

Circle (CRCL) stock price rises against the trend, with institutional holdings increasing indicating confidence. Circle's partnership with Polymarket to use USDC expands its applications. Analysts believe that the GENIUS Act will promote digital dollar reserves to enter the U.S. Treasury bond market, and Circle could benefit.

Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company Bitdeer released the latest Bitcoin holdings data on the X platform. This week, its Bitcoin mining output was 189.8 BTC, but it sold 189.8 BTC during the same period, resulting in a net increase of 0 BTC in Bitcoin holdings. As of February 20, its Bitcoin holdings remained approximately 943.1 BTC.

VanEck's on-chain Bitcoin report shows that BTC prices have dropped 29%, market sentiment has weakened, open interest has declined, holder selling has slowed, miner profit margins are under pressure, and hash rate has decreased. Historical data suggests this could indicate an upcoming increase in Bitcoin returns.