Bonfish

Extreme Fear" at 7 is usually the darkest hour before the dawn, but the macro context explains why the vibe is so heavy. While BTC is holding $69,487, the underlying liquidity is being choked out.
1. Safe Haven Flight
2. Liquidty Drain
3. The Disconnect

$BTC #RiskAssetsMarketShock

Tether is rapidly expanding its operations to transition from a crypto infrastructure provider to a diversified group. The company currently holds about 140 investments and employs around 300 staff, with plans to hire 150 more. New leadership, including CFO Simon, is supporting this strategic growth phase.$XRP #TetherUpdate

$BTC Decoupling from Monetary Easing: ProCap Financial’s CIO Jeff Park suggests Bitcoin’s bull runs may no longer rely on interest rate cuts but could rise during Fed rate hikes, signaling a shift in traditional market dynamics and introducing uncertainty in forecasting.#

Mixed Short-Term Bitcoin Outlook: Analysts remain divided; some expect a rebound toward $84,000, while others warn of further declines potentially to $40,000-$50,000 over summer, contingent on macroeconomic stability and institutional flow dynamics.#MarketForecast

Massive Liquidations Amid Volatility: Over $80 million in liquidations occurred in just one hour, with $BTC Bitcoin alone seeing $48.34 million liquidated. Ethereum liquidations reached $16.23 million. Futures markets have seen $687 million liquidated in 24 hours, underscoring heightened market volatility.

BTC Price Volatility and Stability Challenges: Bitcoin fluctuated sharply—falling below $60,000 before rebounding above $70,000 within 24 hours—driven by forced deleveraging rather than strong spot demand. Derivatives markets remain bearish, with put options clustered around $50,000-$60,000. Crucial support lies near miners’ marginal costs around $67,000, while altcoins mostly sustained heavy losses, notably privacy coins and Solana.#Liquidations

Bitcoin's mining difficulty has decreased by 11.16% to 125.86 trillion, marking the biggest single decline since July 2021, when China imposed its mining crackdown. This adjustment is the 10th-largest in Bitcoin's history and was primarily influenced by adverse weather conditions. The difficulty drop reflects fluctuations in miner activity and impacts the overall security and supply rate of the Bitcoin network.$BTC #BTCMiningDifficultyRecord

In reality, it is investor demand flowing through their fund. BlackRock does not carry BTC on their own balance sheet like MicroStrategy.

BTC is currently at $70,634, up 9% in the last 24 hours. The $230 million tag likely represents a single day of net inflows. It is a strong signal of institutional appetite, but don't confuse it with a corporate treasury move.

The structure remains bullish as long as we hold the $68k level. These inflows provide a floor, but the actual buying is coming from their clients,not Larry Fink's treasury. Watching for continuation if the US session keeps this pace.$BTC #BlackRock⁩

Documents released by the U.S. Justice Department detail social gatherings on Jeffrey Epstein's private island, Little St. James, which victims described as a "perfect hideout" where Epstein hosted a range of global elites, from scientific conferences to dinners and parties. The 2026 document release named individuals who visited or were in contact with Epstein, including political figures like Bill Clinton, Donald Trump, Prince Andrew, and Ehud Barak; business leaders such as Elon Musk, Bill Gates, Sergey Brin, Richard Branson, and Howard Lutnick; and celebrities and artists including Michael Jackson, Mick Jagger, Kevin Spacey, Chris Tucker, and Stephen Hawking. Being named in the files does not imply illegal activity or attendance at parties. For more details, visit BBC.$USDC #Epstain

Dan Pena: “BITCOIN WILL GO TO FCKING ZERO… IN MICROSECONDS, WHUP! 📉 LIKE THAT.”
No, Dan Peña's prediction has not come true.
Despite his repeated claims since 2019 that Bitcoin is a "Russian conspiracy" and will drop to zero in "microseconds," the asset remains a major global financial instrument.
Explanation
Current Value: As of February 2026, Bitcoin is trading at approximately $61,800 (€57,100). While down from its 2025 highs, it is nowhere near zero [1].
Institutional Adoption: The launch of Spot ETFs by giants like BlackRock and Fidelity has integrated Bitcoin into the traditional financial system, making a "sudden wipeout" statistically improbable [2].
Market Resilience: Bitcoin has survived multiple "crashes" of 80%+. Its decentralized nature and fixed supply of 21 million coins provide a floor of support from global holders [3].
The "Satoshi" Argument: Peña claims revealing the creator will kill Bitcoin. Most experts argue the protocol is now independent of its creator and would continue to function regardless of who Satoshi is [1].
Why other options are incorrect
❌ The "Microsecond" Crash: Financial markets for liquid assets with trillions in market cap do not vanish in microseconds due to circuit breakers and global limit orders.
❌ Russian Conspiracy: There is zero cryptographic or intelligence evidence supporting Peña's claim that Bitcoin was created by Putin to destroy the US dollar.
❌ Zero Intrinsic Value: While critics like Warren Buffett agree with Peña on value, the network effect and utility as "digital gold" have prevented the price from collapsing to zero for over
15 years.$BTC
#btcconspiracy

In the last hour, cryptocurrency liquidations surged to $238 million across the market, with Bitcoin alone accounting for $109 million and Ethereum for $51.18 million. This data reflects significant market volatility and increased leveraged trading risks. The sharp liquidations highlight potential short-term instability in the crypto market.$BTC $ETH #Liquidations