📌 Charles Hoskinson (Co-founder of Cardano) just quoted my post! 🙌 Thanks for the love! 🚀🔥 ⬆️ When industry leaders amplify your voice, the movement gets stronger. 💪🌐 $ADA
The Bull Market Reset: Why the "Smart Money" is Racing for the Door
In my last quick take I wrote a bearish analysis for Bitcoin, predicting it's continuous fall. https://cryptoquant.com/insights/quicktake/697344d8c262194c0f2b59e3
Bitcoin has since fall from $90K area to sub $76K. Now let's dig deeper.
Bitcoin open interest chart reveals a massive deleveraging. It has collapsed from its late 2025 peaks of nearly $47.5B down to $24.6B. This is a 50% wipeout. The speculative froth that fueled the 2025 rally has been completely evaporated, leaving the market without its usual "leveraged" support.
As a result, Funding Rates chart shows a violent pivot in market psychology. We have seen a sudden, deep dive into negative territory. This is the deepest negative funding rates since September 2024. The drop to -0.008 suggests a "flush out" of over-leveraged buyers and a surge in aggressive short-selling, signaling that the bulls have finally lost control of the immediate narrative.
Coinbase Premium Index also continues to paint a bleak picture for domestic demand. The index has plummeted into deep negative territory, marking some of the lowest levels seen in the past year. This confirms that the selling pressure is being spearheaded by US-based institutions and professional traders on Coinbase.
The Bitcoin network also has lost around 30% of it's hashrate, and miners have been capitulating. The spike in miner outflows suggests that miners have moved from holding to aggressive liquidating.
In summary, while the huge liquidation in the future market could lead to a short & quick rebounce, we are witnessing a "perfect storm" of bearish factors. With US institutional demand at a standstill, speculative leverage being forcibly wiped out, and miners offloading coins at record rates, the market is in a state of total reset.
Crypto crime is getting violent: ‘wrench attacks’ jumped 75% in 2026 Europe now accounts for over 40% of global incidents, with France leading at 19 reported attacks, involving home invasions, kidnappings, and targeted personal threats
Crypto "wrench attacks" increased 75% in 2025, with 72 confirmed incidents involving physical violence to steal cryptocurrencies.Europe now accounts for over 40% of global incidents, with France leading at 19 reported attacks, involving home invasions, kidnappings, and targeted personal threats.Losses exceeded $40 million, highlighting a new security challenge where improved digital protections are offset by physical threats, prompting some insurers to offer specialized coverage.
According to Epstein-related documents released by the U.S. Department of Justice on January 31, an email sent by Peggy Siegal on May 8, 2010 stated that Michael Saylor, founder of MicroStrategy, donated $25,000 to a charitable event and, in return, gained the opportunity to be invited and to meet members of a high-end social circle. However, the email described Michael Saylor as having no personality, being difficult to engage with in social settings, and lacking an understanding of social norms.
According to Tokenomist, in the next seven days, single large unlocks (over $5 million each) include HYPE, XDC, BERA, and ENA; linear large unlocks (daily unlocks over $1 million) include RAIN, SOL, CC, TRUMP, RIVER, WLD, DOGE, and others. The total unlock value exceeds $638 million.
🕵️ According to monitoring, if no additional margin is deposited or positions are reduced, the liquidation price range for Trend Research's holdings is $1,781.09–$1,862.02.
Trend Research currently holds 618,245.96 ETH, distributed across six addresses, with a total of $1.33 billion in WETH posted as collateral and $939 million in stablecoins borrowed against it. #stablecoin
Vitalik Buterin said creator coins fail because the real challenge today is filtering for high-quality content, not incentivizing more of it. He pointed to Substack’s curated, hands-on model as more effective and suggested small, non-token DAOs to select creators, with creator coins acting as prediction tools rather than pure speculation.
Is Bitcoin Shifting Into an Extreme Bearish Market Regime?
This analysis evaluates Bitcoin’s market structure using realized price dynamics and supply behavior of the 12–18 month UTXO age band—a cohort that historically reflects medium-term conviction and cycle stability. Coins in this range represent capital accumulated during prior phases, making their realized price a statistically important cost basis.
Current data shows Bitcoin trading below the realized price of the 12–18 month holders, placing this cohort into negative unrealized PnL. Historically, when price breaks and sustains below this cost basis, market behavior transitions from normal corrections into structural bearish regimes, not short-term pullbacks.
Balance data shows this cohort still holding a large share of supply, with 30-day balance change remaining positive, but the rate of accumulation is slowing. This deceleration is critical: it signals weakening marginal conviction rather than aggressive dip buying. In previous cycles, this pattern has often preceded broader distribution phases.
Meanwhile, the realized price itself remains relatively stable, reinforcing its role as overhead resistance. When spot price remains below a flat or rising realized cost, rallies tend to fail as supply seeks breakeven exits.
From a cycle perspective, the combination of price below realized cost, negative unrealized profitability, and slowing balance growth has historically aligned with extended bearish phases. Until Bitcoin reclaims this realized price level with renewed accumulation momentum, market structure continues to favor consolidation, fragile rebounds, and elevated downside risk rather than confirmed recovery.
On February 1, Vida, founder of Equation News, posted on his personal channel that he had sold the $ETH he bought yesterday because he was worried that a sharp drop in US stocks the next day would cause the crypto market to fall again.
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