February 22 Analysis Report

1. U.S. Spot Bitcoin ETF Fund Flows: On February 20, there was a net outflow of $364.77 million from the U.S. spot Bitcoin ETF, with BlackRock's IBIT fund experiencing a net outflow of $111.88 million. This is a rare occurrence of fund outflow recently, indicating that institutional investors may adopt a cautious attitude toward Bitcoin in the short term.

Trump previously promised to make the U.S. the 'global cryptocurrency capital' and proposed establishing a strategic Bitcoin reserve, awaiting policy implementation. If realized, it could significantly boost Bitcoin prices.

2. Technical Analysis of Bitcoin Trends

On February 17, Bitcoin formed a 'broadening formation,' which typically signals a significant upward movement but requires a breakthrough of key resistance levels, with a price target between $270,000 and $300,000. Currently, Bitcoin's price is oscillating around $94,000.

The current resistance level is at $100,000, and a breakthrough could open up the path to $110,000. The MACD line is converging, indicating a directional breakout, so attention should be paid to momentum changes in the next two days.

3. Hot Cryptocurrency Trends. (1) The New York Stock Exchange has proposed allowing Grayscale's spot Ethereum ETF to stake ETH, enhancing Ethereum's institutional appeal. Although impacted by hacker theft, it has not experienced a significant crash. (2) Stablecoin Regulation: Tether is working with U.S. lawmakers to promote the establishment of federal regulations for stablecoins. If successful, the compliance of stablecoins like USDT could be enhanced, potentially attracting more traditional capital into the crypto market. (3) XRP ETF Outlook: Reports suggest that the U.S. Securities and Exchange Commission (SEC) has acknowledged three spot XRP ETF applications. (4) The probability of passing the SOL ETF application has significantly increased; if approved, it could trigger a new wave of price increases and create trading opportunities on the SOL chain. Now is the time to be on the lookout. The AI on the SOL chain continues to be a focus, waiting for an outbreak; as mentioned in the previous article, SWARMS has strengthened against the trend today, increasing its potential after a significant decline. #bybit被盗 #山寨季來了？ #BNBChainMeme热潮