Thành Holder Bitcoin

3 giant Solana projects “dying young” after $30 million hack — DeFi storm or just a sign of weakness?

A shocking news has just occurred in the Solana (SOL) ecosystem: the prominent platforms Step Finance, SolanaFloor, and Remora Markets announced the immediate cessation of all operations following a serious attack on the Step Finance treasury at the end of January.

According to the official announcement, Step Finance was attacked and lost tens of millions of USD SOL (~261,000–~$30–40 million) as management-related devices were compromised, leading to hackers gaining control of the treasury wallet. This incident caused the STEP token to drop by ~97%, and despite efforts to find funding or seek a buyer, the team was unable to keep the company operational.

SolanaFloor, one of the leading media and analytics platforms for Solana, also confirmed it would stop creating new content and only maintain the archive page as a repository. This is a sad phase for an ecosystem that was previously viewed as one of the hottest DeFi development environments.

Key highlights:

● Step Finance was a DeFi tracking tool used by hundreds of thousands of Solana users, with a dashboard aggregating wallets, yield positions, LP, and on-chain data – considered the “homepage of Solana.”
● Remora Markets is a tokenized stock project on Solana, and SolanaFloor is the central media platform – both could not survive the financial shock.

This event is not just a simple hack; it marks a decline in the risk tolerance and financial resilience of DeFi on Solana. $SOL

ZachXBT's mysterious post has led retail investors to bet 2 million USD on Polymarket

An insinuating post from on-chain investigator ZachXBT has caused the prediction market on Polymarket to explode. In just a few hours, over 2.2 million USD has been bet on the question: which crypto company will be exposed for insider trading in the investigation expected to be announced on 26/2.

In the post on X, ZachXBT mentioned that the investigation targets "one of the most profitable businesses in the industry," where many employees are accused of abusing internal data for a long time. However, no names have been officially confirmed.

Notably, the market's reaction. On Polymarket, Meteora is leading the odds, followed by MEXC, Pump.fun, and World Liberty Financial. These options largely stem from community debates, questions about memecoin liquidity, listing activities, or recent incidents – yet there is no specific evidence.

Bitcoin enters the “psychological torture phase”: Is a drop to 35,000 USD being considered?

A new report from Lookonchain suggests that Bitcoin is currently in Stage 4/6 of the bear market cycle – a phase that is no longer experiencing shock declines but is considered the most dangerous in terms of psychology.

According to this model, the decline cycle consists of 6 stages, with Stage 3 having been completed with a sharp drop from around 97,000 USD to 60,000 USD in just 30 days, wiping out nearly 50% of market capitalization.

Currently, the market is entering a prolonged sideways state, where prices fluctuate within a narrow range. But this is not stability. According to analysis, this stage helps market makers create two-way liquidity while causing retail investors to become exhausted, impatient, and sell at a loss – also known as the “weak-hands selling” zone.

The noteworthy point is the next scenario. Lookonchain believes that a breakdown below the accumulation zone could occur in the coming months, opening Stage 5 – true capitulation. In the context of increasing global liquidity pressure, the cycle bottom is currently adjusted to around 35,000–45,000 USD.

The important message is not about the lower price target, but rather the market's psychological structure. Stage 4 often causes investors to leave the market not out of fear of a sharp decline, but rather… boredom and loss of confidence.

In every Bitcoin cycle, the sharpest declines often end quickly. But the greatest pain comes from the prolonged sideways phase. And if the historical scenario repeats, the market only truly creates a bottom when most investors have… no longer want to return.

$BTC

Vitalik Buterin has sold 1,869 ETH (approximately 3.67 million USD) in the past 2 days. Since the beginning of February, Vitalik has sold a total of over 8,000 ETH.

This addict, when the price was high, did not sell, but when it was low, he was afraid and sold; could it be that he is giving money to girls again?

According to the information: These sales are part of a plan from January to fund the development of the ecosystem, open-source projects, and operational costs to develop Ethereum, in the context of the Ethereum Foundation entering a period of tightened spending.
Even after selling, Buterin still holds about 224,000 ETH (equivalent to about 429 million USD).

$ETH

🔥 26/2 has a big show to watch, guys 👇🏻

💬 Crypto Detective will announce one of the most profitable businesses in the cryptocurrency sector, where many employees have abused insider data for long-term insider trading.

There's more drama, there's a reason for the next crash
$BTC

USDT shrinkage – Bitcoin bottom signal like 2022 appears only once before

One of the most important liquidity indicators in the crypto market – **60-day market cap volatility of USDT – has just dropped below -3 billion USD, a rare level that has only occurred **once before at the end of the bear market in 2022 when Bitcoin hit a bottom around $16,000.

This occurs against the backdrop of Bitcoin continuing to trade around the 65,000–70,000 USD range after the recent correction. According to analysis, three instances of net outflow of USDT over 1 billion USD in a day indicate that capital is leaving the stablecoin – the market's “dry powder” – reflecting extreme liquidity stress, not only short-term volatility but also prolonged withdrawals over several weeks.

Essentially, stablecoins like USDT are a flexible source of capital for transactions and positions. When the supply of USDT increases, it is a sign that new money could enter the risk market; when it shrinks significantly as it is now, it reflects a risk-off sentiment, capital withdrawal, or forced selling, reducing potential buying power for Bitcoin and other crypto assets.

This could be two sides of the same coin
If USDT flows stabilize or reverse, this could be the premise for a confirmed bottom, and Bitcoin could sustainably recover after a period of low liquidity.

But if USDT continues to shrink broadly, downward pressure could not only be a technical correction but could extend, creating a deeper bear market environment and testing lower support levels.

Tom Lee believes that the crypto market still has potential despite facing concerns from the Supreme Court and tariffs.

The crypto market is under strong pressure after policy changes in the US. According to Fundstrat, Bitcoin has experienced a nearly 50% correction, while the entire market lost over 100 billion USD in just 24 hours as capital shifted to safe-haven assets like gold and silver.

The main reason stems from changes related to tax policy. After the US Supreme Court partially restricted the authority to impose emergency taxes, the market initially reacted positively. However, the government's swift implementation of a new tax rate of up to 15% has diminished risk appetite, driving capital away from crypto to precious metals – where gold even surpassed 5,160 USD/ounce.

Nevertheless, Tom Lee argues that this is not a "crypto winter," but merely a "short-term whirlwind" due to macro factors, not an internal problem of blockchain. On-chain activity, tokenization speed, and institutional participation are still increasing – indicating that the market fundamentals have not weakened.

Notably, the structure of cash flow is significant. As macro instability rises, crypto is now grouped with risk assets, rather than being seen as “digital gold” as in previous narratives. This explains why every policy shock leads to strong selling pressure.

However, the positive aspect lies in the monetary cycle. If the new tax slows growth and forces the Fed to cut interest rates, a more accommodative liquidity environment could become a catalyst for a new upward cycle in crypto.

$BTC

If you buy BNB now, you will have a better position than those who FOMOed at the peak by up to 60%.
Currently, the market is quite gloomy, many people are leaving the market, and those with money are hesitant to enter when prices are low. But when BNB is over $1000, everyone rushes to buy and gets FOMOed at the peak.
Isn't it strange, right @Binance Vietnam

#creatorpadvn $BNB

🔽 Theo Dropstab, today the coins continue to create new ATL lows

Not happy at all, is there any coin in here that you are HOLDing?
$STRK

Micro Strategy has purchased an additional 592 BTC ( ~ $40 million USD ) at an average price of $67,300
Currently, they are HODLing 717,722 BTC purchased at an average price of $76,020 $BTC

"Mistaken hands" 250,000 USD: OpenAI's AI trading bot made a mistake or is it a marketing stunt for the memecoin Lobstar?

A controversial story is spreading within the crypto community: a programmer working at OpenAI created a trading bot named Lobstar Wilde, funded with approximately 50,000 USD in SOL with the goal of growing to 1 million USD. This bot also issued its own #memecoin tokens named Lobstar.

The incident occurred when a user on X requested support for 4 SOL to treat a relative. Instead of sending this small amount, the bot mistakenly transferred the entire amount of Lobstar tokens it held, equivalent to 5% of the total supply, worth about 250,000 USD at that time. The recipient then sold all of it, but due to low liquidity, only received about 40,000 USD.

The incident quickly sparked debate: is this an AI control error or a "stunt marketing" move to attract attention to the memecoin? In the crypto market, shocking events often create strong media effects, especially with tokens that rely heavily on social media virality.

$SOL

$65,000 USD – The "death zone" of Bitcoin: Breaking the 10-year cost support, risk of entering a Deep Bear?

On February 23, analyst Murphy stated that Bitcoin is trading around $65,000, nearing the 10y Realized Price (10y_RP) – a measure of the average historical cost of the BTC supply over 10 years, excluding most coins that have been lost. This index is considered a long-term "real value" level and often plays a critical support role in the cycle.

Historical on-chain data shows that whenever BTC holds above long-term realized price levels, the market tends to maintain a bullish or accumulation structure. Conversely, decisive breaks below the cycle cost zone – like in 2018 or late 2022 – have led to prolonged deep bear markets.

Currently, pressure is coming from multiple fronts: Bitcoin ETFs in the U.S. are experiencing weakened capital flows, Coinbase Premium has been negative for several weeks, and institutional sentiment shows signs of caution. This makes the $65,000 level not only a technical support but also a psychological boundary for large capital flows.

The market is entering a sensitive phase of the cycle. If BTC can maintain the 10-year cost level, this could be an accumulation zone of "value" for long-term capital. However, if it breaks with high volume, the risk is not just short-term price decline but a shift in cycle expectations.

In the context that Bitcoin has become a macro asset worth trillions of USD, losing the long-term cost zone often triggers a defensive response from institutions and ETFs. And when large capital shifts to a capital preservation state, the market may enter a much deeper correction phase than what individual investors are expecting.
$BTC

39 consecutive negative days: Are American investors 'leaving the Bitcoin table'?

Data from Coinglass on February 23 shows that the Coinbase Bitcoin Premium Index has been negative for 39 days, currently at -0.0405%. This is a negative streak lasting more than about 30 days compared to the sell-off period during the '1011 Crash' event. Since the beginning of 2026, there have been only 2 instances where this index turned positive.

Coinbase Premium measures the price difference of BTC on Coinbase compared to the global average. When the index is negative, it usually reflects selling pressure from American investors, weakened cash flow, or a risk-averse sentiment in the largest institutional market in the world.

Looking back in history, prolonged negative Premium periods often coincide with times when ETFs are experiencing capital outflows or the market enters a consolidation phase. In 2024–2025, whenever the index returns to a stable positive range, Bitcoin often soon enters a new upward cycle thanks to institutional cash flow returning.

The concerning point is not the small negative level, but the unusually long duration. 39 consecutive days indicate that American cash flow – especially from ETFs and institutional accounts – is either on the sidelines or actively reducing positions.

In the current cycle, #Bitcoin heavily relies on institutional capital. When the American market does not buy, the upward momentum often lacks sustainable driving force. Conversely, this also opens up another scenario: if the Premium reverses to positive, it could be an early signal of large cash flow returning.

In other words, the Coinbase Premium right now resembles a 'psychological thermometer'. And currently, the temperature of American cash flow is in a state... much colder than market expectations.

$BTC

Pump.fun has spent 300 million dollars to collect 25.55% of the PUMP supply, significantly reducing the supply on the market.

Data from fees.pump.fun on February 23 shows that Pump.fun just spent 14,650 SOL (≈1.25 million USD) in 24 hours to buy back 601.6 million PUMP. Since launching the buyback program on July 15, the platform has spent approximately 301 million USD to acquire PUMP, thus reducing 25.55% of the total circulating supply.

The figure of 301 million USD is extremely large compared to many meme-token projects on the Solana network. Notably, Pump.fun is one of the meme coin launchpads generating the highest fee revenue on the Solana network in 2024-2025, having recorded daily revenues exceeding 1-2 million USD during the memecoin craze. This fee cash flow is being reallocated to the buyback program.

A buyback of 25% of the supply is a very "corporate" move in the crypto world – similar to the model of stock buybacks outside the stock market. If revenue continues to be stable, the reduction in supply could create a new price floor and strengthen the confidence of long-term holders.

However, the risk lies in the cyclical nature. The revenue of Pump.fun heavily depends on the memecoin frenzy. When overall market liquidity weakens, fees decrease, and the buyback program may slow down – and at that point, the price support effect will also weaken.

To be clear: 301 million USD buyback is an impressive figure, but whether the token price is sustainable or not will depend on one single factor – whether Pump.fun can maintain its position as a "fee printing machine" on Solana or not.

$PUMP

10% of Bitcoin supply falls into the hands of Wall Street: ETF loses more than 7 billion USD – is the market losing its growth narrative?

New data from Lookonchain shows that the ownership structure of Bitcoin is changing rapidly as institutional money takes up an increasingly large share. Currently, Spot Bitcoin ETFs and Strategy (MicroStrategy) hold about 10% of the total BTC supply – equivalent to over 2 million BTC.

Specifically, 11 Spot ETFs have held 1.29 million BTC (worth over 115 billion USD), accounting for 6.5% of the circulating Bitcoin supply. Among them, the three largest funds include BlackRock (IBIT), Fidelity (FBTC), and Grayscale (GBTC) hold the majority of the market share.

However, the issue lies in the cost of capital. The average purchase price of the ETFs is around 85,000–90,000 USD/BTC, higher than the current market by about 8,000–13,000 USD, resulting in an unrealized loss of over 7 billion USD. At the same time, these funds have also recorded 10 consecutive days of capital withdrawals, while the price of BTC has decreased by about 8% in a short period.

The worrying point is not the loss, but the change in the market’s “personality.” When Bitcoin is in the hands of institutions and traditional brokerage accounts, the flow of money becomes more sensitive to macroeconomic sentiment than ever before. If retail investors on Wall Street continue to face pressure from losses, defensive selling could persist.

In the current cycle, #Bitcoin is no longer a playground for retail. And when Wall Street holds the majority of the “goods,” the biggest question is: what narrative is strong enough to bring institutional money back?

$BTC

Bitcoin drops to Top 15 globally: Market cap "evaporates" 4% in 24h – a sign of weakness or just a breather?

According to data from 8MarketCap on 23/2, #Bitcoin has fallen to the 15th position in the ranking of the largest market cap assets in the world, behind giants like Nvidia and Tesla. The market cap of BTC is currently around 1.305 trillion USD, down 4.11% in just 24 hours.

This trend reflects short-term pressure as the price of Bitcoin adjusts along with cautious sentiment in the global financial market. In the context of capital flowing towards AI tech stocks – especially Nvidia with a market cap over 2 trillion USD – Bitcoin's relative appeal is somewhat overshadowed.

However, looking at historical data, Bitcoin's fluctuations in market cap rankings are not unusual. In the 2021–2024 cycle, Bitcoin has repeatedly moved up and down between the Top 5–15 positions depending on price volatility. More importantly, a market cap above 1.3 trillion USD still indicates that Bitcoin is maintaining a scale comparable to leading tech corporations.

The current drop in ranking has more “relative comparison” factors than signs of structural weakness. As AI stocks heat up while crypto enters an accumulation phase, Bitcoin's ranking is naturally pushed down. But if institutional money returns – especially through ETFs – this ranking could change very quickly.

In other words, being in the Top 15 is not a bad signal. Notably: Bitcoin is now being positioned by the market as a macro asset worth a trillion USD. And in the game of global market cap, just one strong growth cycle could see BTC return to the Top 10 – or higher.

$BTC

19 billion USD in just 1 month: Inflows into gold ETFs reach record levels!

Inflows into gold ETFs are increasing at an unprecedented rate. In January 2026, global gold ETFs recorded a record inflow of 19 billion USD, the highest in history. Total assets under management (AUM) thus surged to 669 billion USD, equivalent to 4,145 tons of gold – also an all-time high.

Notably, this is not a short-term phenomenon. In the previous year, 2025, gold ETFs attracted 89 billion USD, a record year when gold prices continuously reached peaks 53 times.

This time, the inflows are global: Asia contributed 10 billion USD (51%), North America about 7 billion USD, while Europe continued its third consecutive month of inflow amid geopolitical tensions and trade instability.

This is not simply a story of "when gold prices rise, money flows in." In fact, the market is reassessing confidence in the financial system. Expectations of the Fed cutting interest rates, concerns over the weakening of the USD, geopolitical risks, and market volatility are making gold a strategic defensive asset rather than just a speculative channel.

However, strong inflows can also be a double-edged sword. When gold becomes a "crowded trade," the market can easily enter a state of panic-driven refuge. If macro risks cool down or real yields rise again, ETFs – which have high liquidity – can reverse quickly, creating strong downward pressure.

In other words, gold ETFs are sending two signals at once:
On one hand: large inflows are defending systemic scale
On the other hand: the market may be approaching valuation zones driven by fear
$XAU

Staking Ethereum decreases by 50%: Nearly 1 million ETH returning to the market – Is a large selling wave quietly forming?

#Ethereum is facing a concerning signal as staking demand has decreased by nearly 50% in 6 months. Data shows that net staking has dropped from 1.99 million ETH to about 1.01 million ETH, equivalent to nearly 986,000 ETH being withdrawn from locked status.

This means that a large amount of ETH is returning to circulation, increasing the supply that can be sold – a factor that often exerts downward pressure in the short term.

The situation is even more notable as many on-chain data points confirm increased supply pressure. The amount of ETH on exchanges has increased by an additional 345,500 ETH (+2.4%), indicating that capital is moving towards where it can be sold immediately. At the same time, whales have sold about 230,000 ETH in just 3 days – a sign that large investors are reducing their positions as prices rebound.

The paradox lies in the fact that despite the appearance of bullish divergence and ETH recovering from around 1,740 USD to nearly 1,970 USD, the increased supply could become a hindrance to the upward momentum.

On-chain cost price data indicates that more than 2% of the supply is concentrated around the 2,020–2,070 USD range – a large "sell wall." Without a sufficiently strong influx of new capital, ETH may be rejected in this area.

On the other hand, the important support level is at 1,890 USD. If this level is breached, the price could return to the near-bottom of 1,740 USD.

The decrease in staking may signal negative long-term confidence, but it is also possible that investors are withdrawing ETH to wait for trading opportunities or higher-yield DeFi.

$ETH

Bitcoin could reach 140,000 USD? It all depends on one factor: Global liquidity

Former Goldman Sachs director – Raoul Pal – predicts #Bitcoin could rise to 140,000 USD, equivalent to an increase of over 100% compared to the current level.

According to him, BTC is trading at a "deep discount" compared to the amount of money that is gradually returning to the financial system.
In 2025, BTC has followed the M2 liquidity path correctly. This creates confidence that BTC will rise until the end of 2025 and into 2026. However, since 10/10, the price of BTC unexpectedly reversed.

However, investors still hope that the price of BTC will soon recover based on global liquidity.
The key point lies in the macro context. A series of factors are supporting liquidity in Q1/2026 such as:

- Regulatory adjustments in banking help absorb more bonds
- US Treasury Account (TGA) decreases, pumping money back into the market
- The USD weakens
- Liquidity from China increases

Pal's argument reflects an important reality: Bitcoin is increasingly resembling an asset sensitive to macro cash flows rather than just depending on the halving cycle. If global liquidity truly expands, BTC could enter a late-cycle acceleration phase – also referred to by him as the "Banana Zone," where prices increase non-linearly.

However, the controversial factor is that the market is currently still constrained around 100,000 USD due to selling pressure from options and yield-generating positions. Additionally, a large liquidation event prior has weakened liquidity structure, causing prices to react slower than macro conditions.

The big question now: Is Bitcoin really undervalued compared to cash flow, or has it stopped following liquidity?

$BTC

Miner Bitdeer "clears out" its BTC reserves amid plummeting profits – The shock behind the AI curtain?

Bitdeer – one of the world's largest self-operated mining companies #Bitcoin – has sold off its entire Bitcoin reserve, causing **BTC holdings to fall to 0 BTC as of February 20, 2026. This is an unprecedented move from a large-scale miner and is shaking the market.

According to an update, Bitdeer has sold 189.8 newly produced BTC, and the total reduction in reserves has reached 943.1 BTC compared to last week.

The main reason for this “clearance” is that Bitcoin mining profits are plummeting sharply. Due to network difficulty increasing by 14.7% recently and hashprice dropping below $30/PH/s/day, profit margins in the mining industry are being severely tightened – nearly reaching historic lows.

Instead of continuing to hold BTC as the traditional strategy of miners, Bitdeer has chosen to liquidate assets to extend operational "runway", restructure debt, and focus on transitioning to AI & high-performance computing with a $325 million convertible bond issuance to raise new capital.

This creates a significant paradox:
🔹 Bitdeer is currently the publicly listed miner with the highest self-managed hashrate in the world (63.2 EH/s) – yet it no longer holds Bitcoin.
🔹 The “clearance” at a time when prices could be more favorable in the long run raises questions: does the company have a loss of faith in Bitcoin's future, or is it simply reacting to profit margin pressure?

This move reflects the real pressures that miners are facing – not just from electricity costs, network difficulty, but also from the highly volatile Bitcoin market.

$BTC