Price action reflected the severity of the move. On February 5, Bitcoin dropped rapidly from $70,000 to $60,000. The decline didn’t just impact spot markets; it fundamentally shifted on-chain dynamics. At the time of publication, BTC was trading near $67,600. On-chain data suggests price discovery remains active.

According to Glassnode, Asset-Based Realized Loss surged to $3.2 billion. This metric filters out internal transfers and tracks the dollar value of BTC sold below its acquisition price. In simple terms: it measures how much capital was actually lost during panic selling.

These levels now exceed even the darkest days of 2022, when realized losses peaked around $2.7 billion.

Daily Net Losses Surpass $1.5 Billion

On-chain data shared by Checkonchain shows the sell-off followed a textbook capitulation pattern.

According to the platform, last week’s Bitcoin liquidation wave unfolded rapidly, was backed by exceptionally high volume, and reflected position closures by the weakest hands — forming a classic capitulation structure.

With daily net realized losses exceeding $1.5 billion, this move represents the largest absolute USD loss event in Bitcoin’s network history.

Periods like this tend to be emotionally exhausting. Noise rises. Timelines darken. Patience thins. Yet on-chain behavior tells a more nuanced story: capitulations of this magnitude historically tend to appear near bear market bottoms.

Is Market Psychology Shifting?

A realized loss this large sends a clear technical signal: weak hands have largely been flushed from the market.

That doesn’t mean a definitive bottom is in. But historically, similar events are followed by declining volatility, sideways price action, and eventually a search for a new directional trend. Subtle changes matter. Transfer activity slows. Long-term wallets begin accumulating again. Open interest in derivatives starts to stabilize.

The picture is complex — but not one-dimensional.

Where Does Bitcoin Stand Now?

While dip-buying has pushed prices modestly higher, the market remains cautious. On-chain data suggests capitulation has largely played out. What typically follows is a transitional phase: low-volume consolidation, hesitant directional attempts, and gradually returning risk appetite.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post $3.2B Wiped Out: Bitcoin Records Largest Realized Loss in History appeared first on Coin Engineer.

December Crypto and Bitcoin Outlook Played Out Almost Exactly

In a client note shared on December 17, 2025, Farrell warned that the first half of 2026 would be marked by sustained pressure across major digital assets. In that analysis, he projected that Bitcoin could retreat into the $60,000–$65,000 range before stabilizing. He also outlined downside targets for other large-cap assets, forecasting Ethereum to fall toward $1,800–$2,000 and Solana to correct into the $50–$75 band.

Recent price action has aligned closely with those projections. Bitcoin briefly touched the $60,000 level, Ethereum slipped as low as $1,747, and Solana traded down to around $67.5. The convergence between forecast and reality has reinforced Farrell’s credibility at a time when market sentiment remains fragile.

Tone Shifts Toward Opportunity

Following this corrective phase, Farrell has adjusted his outlook. In his latest remarks, the Fundstrat strategist argued that the balance of risk may soon begin to favor buyers rather than sellers. According to Farrell, the depth of the recent pullback has brought prices closer to levels that historically offered more attractive medium- and long-term entry points.

While he stopped short of calling an exact bottom, Farrell emphasized that the window for selective accumulation could be approaching. His view is based on the idea that much of the anticipated downside has already been absorbed by the market, reducing the asymmetry against new positions.

A Notable Contrast Within Fundstrat’s Orbit

An interesting contrast emerges when looking at Fundstrat’s broader leadership. Tom Lee, the firm’s founder and CEO, also serves as chairman of Ethereum-focused treasury company BitMine. Lee has taken a markedly different approach, backing aggressive accumulation rather than waiting for confirmation.

Over the past six months, BitMine has deployed roughly $16 billion into Ethereum. However, given ETH’s sharp decline, that position currently reflects around $8 billion in unrealized losses. The divergence between Farrell’s tactical caution and Lee’s conviction-driven accumulation highlights the tension between timing risk and long-term belief in crypto assets.

Overall, Farrell’s latest message suggests that while volatility remains elevated, the market may be entering a zone where strategic positioning becomes more relevant than outright risk avoidance.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post New Message from the Analyst Who Predicted Bitcoin Declines! appeared first on Coin Engineer.

The sharp selloff began around 7:20 p.m. ET, when BTC briefly touched $60,000 before rebounding toward $64,100. Volatility remains elevated. Ethereum followed the broader market lower, sliding to $1,750 before stabilizing near $1,899 at the time of writing.

$2.67 Billion in Liquidations Wipe Out Overleveraged Positions

The sudden downturn triggered a massive liquidation cascade across derivatives markets.

Over the past four hours alone, combined long and short liquidations reached $817 million. Total liquidations over the last 24 hours climbed to $2.67 billion — with $2.31 billion coming from long positions, highlighting how heavily bullish traders were positioned.

CMC’s Crypto Fear & Greed Index dropped to 5, signaling “extreme fear,” its lowest reading since the index launched in June 2023.

“A Classic Leverage Unwind”

According to Vincent Liu, CIO at Kronos Research, the crash reflects a perfect storm:

“Bitcoin’s sharp drop looks like forced liquidations from overleveraged longs, ETF and institutional outflows, and a broader risk-off macro backdrop. This is a classic leverage unwind — violent, fast, and sentiment-driven.”

Liu also noted that Bitcoin’s capitulation metric just printed its second-largest spike in two years, pointing to a surge in forced selling.

BTC Markets analyst Rachael Lucas emphasized the psychological shift among traders:

“Sentiment is firmly risk-off. Traders are no longer trying to catch falling knives and are prioritizing capital preservation. You can see rallies being sold into, and volume fading once liquidation flows subside.”

Repeated failures to hold key support levels have pushed participants from dip-buying into wait-and-see mode — reinforcing downward momentum.

ETF Outflows Signal Short-Term Reset

Institutional investors are also pulling back. Spot Bitcoin ETFs recorded more than $800 million in net outflows across Tuesday and Wednesday alone.

Lucas believes long-term conviction hasn’t vanished, but short-term positioning has clearly reset:

“Historically, these phases shake out weaker hands while longer-term holders remain relatively intact. Conviction isn’t gone — it’s being tested.”

Critical Support Zone: $58,000–$60,000

Liu says Bitcoin must hold the $58,000–$60,000 range for any meaningful recovery attempt.

“A rebound could start with price stabilization and positive catalysts,” he added, “but confirmation will take time once the dust settles.”

Meanwhile, the Crypto Fear & Greed Index in global markets slipped to 9, echoing sentiment levels last seen during the Terra collapse in June 2022.

Bitcoin is currently trading near $65,769, but damage remains heavy. BTC has fallen roughly 38% in just three weeks from its 2026 peak near $97,000, effectively erasing nearly all gains from the past 16 months.

For now, the market is operating in survival mode rather than accumulation mode. Support levels are breaking, patience is rising, and risk appetite is fading — leaving traders with one pressing question: is this the bottom, or just another pause on the way down?

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Bitcoin Crashes to $60K as Extreme Fear Hits Crypto appeared first on Coin Engineer.

According to TradingView data, BTC/USD dropped more than 7% during weekend trading, decisively losing the $80,000 support zone. With this break, the April 2025 bottom near $74,500 has returned to focus. Thin liquidity amplified volatility, allowing sell orders to accelerate and deepen price gaps.

Liquidation Cascade Accelerates

The latest decline wiped out roughly $800 million in leveraged positions within a short time frame. Total liquidations across the crypto market approached $2 billion, highlighting the scale of forced selling. A fragile market structure, already weakened earlier in the week, failed to absorb the pressure once liquidity dried up.

Keith Alan, cofounder of Material Indicators, commented on X that the local low near $80,500 had been completely invalidated. According to Alan, the breakdown increases the probability of further downside tests at lower historical levels.

Bitcoin Loses Its “True Market Mean”

On-chain analyst On-Chain College noted that Bitcoin has now fallen below its true market mean, a metric representing the aggregate cost basis of the actively circulating BTC supply. This level is currently estimated at $80,700.

Bitcoin has not traded below this metric since October 2023, when the price was near $29,000. The loss of this level is widely viewed as a negative signal for short- to medium-term price structure, suggesting that market participants are now holding coins at an average unrealized loss.

From a technical perspective, analysts are also watching the $69,000 area — the peak of the previous bull market in November 2021 — as a potential downside reference if selling pressure persists.

Strategy Bitcoin Holdings Slip Into the Red

The decline has also affected corporate Bitcoin treasuries. Strategy, the company holding the largest amount of Bitcoin among publicly known firms, now faces unrealized losses on its BTC position. The firm’s average Bitcoin acquisition cost stands at approximately $76,037, placing its holdings underwater as price slipped below that threshold.

Strategy currently holds more than 700,000 BTC. Meanwhile, the company’s stock price has fallen to around $143, marking a nearly 70% decline from its local high of $455 recorded in July last year. Continued volatility in Bitcoin prices is increasing sensitivity around Strategy’s balance sheet.

Overall, the latest move underscores that near-term risks in the Bitcoin market remain elevated, with price still searching for a stable equilibrium.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Falls Below $76K as Strategy Bitcoin Cost Turns Negative appeared first on Coin Engineer.

CryptoQuant Bitcoin Analysis: Demand is Weakening

CryptoQuant Head of Research Julio Moreno stated, “If Bitcoin fails to hold above $100,000, the risk of a drop to $72,000 becomes more likely.” He attributes this primarily to the lack of recovery in demand after the record liquidation on October 10, where $20 billion worth of leveraged positions were wiped out.

Capital outflows from U.S. Bitcoin ETFs, a negative Coinbase premium, and declining spot demand are reinforcing this downward pressure. Market sentiment has also deteriorated, with the CryptoQuant Bull-Bear Score Index dropping to 20, signaling strong bearish momentum.

ETF data further reflects this weakness. As of November 4, Bitcoin ETFs recorded a net outflow of $577.74 million, while Ethereum ETFs saw $219.37 million in outflows. In contrast, Solana spot ETFs recorded $14.83 million in net inflows — their sixth consecutive day of positive movement. This indicates a shift from large-cap assets toward riskier alternatives.

How Far Could Bitcoin Fall?

Bitcoin has dropped more than 5.2% in the last 24 hours, trading around $100,800. The GMCI 30 Index declined over 9% in a single day, pointing to a broad risk-off sentiment in the crypto market.

Meanwhile, Standard Chartered analyst Geoffrey Kendrick referred to the correction as “inevitable” but noted that Bitcoin could recover if macroeconomic conditions turn favorable.

Factors Increasing Market Pressure

• Fund outflows from crypto ETFs

• Negative Coinbase spot premium

• Global risk aversion and interest rate uncertainty

• Weak demand and long-term holders selling

Is the $72,000 Scenario Permanent?

Gerry O’Shea, Head of Market Insights at Hashdex, highlighted rising volatility due to interest rate decisions, credit market stress, and equity valuations. However, despite the current drawdown, he emphasized that the long-term outlook for BTC remains intact.

Continued institutional adoption, strong ETF inflows throughout the year, and expectations that the Federal Reserve may end tightening could pave the way for new all-time highs. While $100,000 acts as a psychological support, Bitcoin’s long-term investment narrative remains unchanged.

Short-Term Risk, Long-Term Opportunity

If Bitcoin loses the $100,000 support zone, the risk of a move toward $72,000 strengthens. However, on-chain data, institutional demand, and liquidity indicators suggest that new highs remain possible in the medium to long term. While the current decline fuels fear, CryptoQuant’s Bitcoin analysis clearly defines a strategic decision point for investors.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates

The post Bitcoin Drops Below $100K – CryptoQuant Warns of $72K Risk appeared first on Coin Engineer.

Bitcoin and Ethereum Critical Levels

Corporate data shows that K33 Research reports the average cost basis of spot Bitcoin (BTC) ETFs in the US at roughly $89,613, about 11% below the current price. Investors view this as a critical technical support zone. (Sources: Bloomberg, K33 Research) BTC dropped to $98,944 during intraday trading, losing over 7% in 24 hours. This move tests key technical support levels.

Ethereum (ETH) fell about 14% to $3,089, marking its lowest level in four months. This highlights the volatility in the crypto market and investors’ withdrawal from risky assets.

Historic Drop in the US Stock Market

The US equity market lost roughly $730 billion in total market value today. The S&P 500 and Nasdaq saw sharp declines. The federal government shutdown, which began on October 1, has created market uncertainty. Combined with liquidity concerns and investor anxiety, this intensified selling pressure in both stocks and crypto markets.

Bitcoin and Altcoin Market Overview

According to CoinMarketCap, the global crypto market started at $4.3 trillion on October 6, dropped to $3.9 trillion around October 10–12, and fell again to $3.35 trillion by November 1. The 24-hour trading volume reached $280.73 billion.

The Fear & Greed Index reads 27, indicating “Fear.” The Altcoin Season Index shows 25/100, with Bitcoin dominating altcoins. The CoinMarketCap 20 Index at 210.95 mirrors the general market trend, showing that major cryptocurrencies are moving in line with the overall market decline.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates

The post Bitcoin Falls Below $100K, US Stocks and Crypto Drop! appeared first on Coin Engineer.

Sharp Decline in Binance Open Interest 

Binance’s Open Interest (OI) data clearly shows the shift in market sentiment. As Bitcoin dropped from $124,000 to $118,000, Open Interest on Binance fell by nearly 5%. This sharp decline indicates that traders either exited the market or closed their positions. In uncertain conditions, investors tend to remain cautious. Such declines often occur after significant price moves, highlighting that market participants are steering away from risk. 

Additionally, Binance’s cumulative net taker volume decreased by $1.89 billion. This sharp decline signals the presence of strong selling pressure. Historically, similar drops have coincided with short-term market bottoms. This suggests that the selling pressure might have peaked, potentially signaling a dip-buying opportunity. 

Binance’s Cumulative Net Taker Volume Hits Rock Bottom 

The latest data indicates that late long positions were largely closed. Traders who opened longs just before Bitcoin peaked are now exiting at a loss. This directly contributes to the drop in Open Interest and net taker volume, reflecting a “long squeeze” in the market. A long squeeze happens when falling prices trigger the liquidation of leveraged long positions, creating a domino effect that accelerates the decline. 

Liquidation analysis confirms this scenario. Net liquidations surged by $130 million within just 8 hours, showing mass long wipeouts. Meanwhile, Binance’s funding rate dropped to 0.006. Low funding rates signal weakened bullish appetite in leveraged positions, paving the way for liquidation cascades. Ultimately, all this data suggests a market reset, with overly leveraged positions being flushed out. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Crashes, Open Interest Drops: Key Data From Binance! appeared first on Coin Engineer.

Speculators sent over 80,000 BTC to exchanges at a loss as BTC/USD hit 15-week lows.

The latest data from blockchain analytics platform CryptoQuant suggests the largest loss-taking sell-off of 2025.

BTC Speculators Sell Below Cost

Bitcoin short-term holders (STHs) — those holding for up to 155 days — appear to have panicked during the latest crypto market downturn.

As BTC/USD dropped below $86,000 on February 25, these speculators sent a massive 79,300 BTC ($7 billion) to exchanges within a 24-hour period.

“This is the largest Bitcoin sell-off of 2025,” CryptoQuant contributing analyst Axel Adler Jr. commented while sharing the data on X.

The chart shows the highest rolling 24-hour loss-making transactions so far this year. While it doesn’t confirm whether users sold the coins sent to exchanges, the data highlights the atmosphere of uncertainty among newer market participants.

“Yesterday’s price drop likely triggered panic selling, and if further corrections occur, similar behavior could reemerge,” fellow contributor Avocado_onchain continued in a “Quicktake” blog post on February 26.

The post analyzed the spent output profit ratio (SOPR) metric, which tracks the ratio of coins moved at a profit or loss on-chain.

STH-SOPR dropped to 0.964 on February 25, marking its lowest level since the peak of the Japanese yen carry trade unwind in August of last year.

“On the other hand, long-term holders have remained largely unaffected by the recent downturn, continuing to hold their assets and providing support against further price declines,” Avocado_onchain observed.

“Nothing to Be Worried About”

Continuing, James Check, creator of the onchain data resource Checkonchain, noted that crossing the $90,000 mark for the STH group would be a key turning point.

“It’s interesting that the support level around $90,000 should hold, but below that, there isn’t much,” he said.

Check also pointed out that “very little” of the BTC supply has changed hands between the old highs and current local lows.

While discussing the panic-driven market behavior of the week, popular Bitcoin figures called for a more composed approach.

For digital asset lawyer Joe Carlasare, the euphoria following Bitcoin’s breakout above its previous all-time highs of $73,800 has skewed perceptions of its potential.

“The panic is palpable. In December, everyone said Bitcoin couldn’t go down. ‘Nation state bid is here, bro!’ Now they think it can’t go up,” he summarized on X.

“Reality? Bitcoin overshoots both ways. Could it go lower? Sure. But this is the buy zone. Nothing to be worried about.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Speculators Sent $7 Billion to Exchanges Amid BTC Price Drop appeared first on Coin Engineer.

The stablecoin minting rate, in particular, is considered one of the clearest indicators of Bitcoin buyer activity. However, this indicator has cooled significantly in the last seven days.

“Institutions that channel fiat money into crypto via the Circle benefited from the drop below $55,000 but do not seem very keen to enter the market at current levels,” Markus Thielen, research director at 10x Research, said in a report published on August 16.

Institutional Investors Expect a Bitcoin Price Drop

Bitcoin has been trading below $60,000 for the past 24 hours. The indicator measures the creation and issuance of new stablecoins, indicating how much US dollars are being converted into crypto.

Thielen noted that stablecoin inflows are a significant sign that fiat money is being converted into crypto, often into coins like BTC or ETH.

Might interest you: Bitcoin Sell Pressure Could Test $56K Support as Options Expiry Nears

The situation was different in early August when Bitcoin fell to $49,472. Thielen noted that this metric saw a sharp increase to $2.7 billion on August 6, but has since fallen to $1.4 billion, with Bitcoin still trading below the critical $60,000 level.

Currently, Bitcoin is trading at $58,149, down 0.35% over the past 24 hours. Meanwhile, futures traders see potential for further price declines in the asset, with the long-to-short ratio slightly tilted toward short positions at 50.88% over the past 24 hours.

The Crypto Fear and Greed Index dropped to a “Fear” score of 27 at the time of publication.

Despite the recent correction to five-month lows, the Bitcoin bull run is expected to last another year. Based on Bitcoin’s rates in previous cycles, the bull run is estimated to last until the third quarter of 2025, according to a report released by Bybit and BlockScholes.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Institutional Investors Show No Interest in Bitcoin at $58,000 appeared first on Coin Engineer.