Bitcoin's futures market doesn't show panic capitulation as in late 2022, analyst said.
In the past few days, the BinanceCoin price has remained largely still without any major movements. With the reduced volume and volatility, the price has refrained from reaching the crucial resistance at $730. On the other hand, the BNB has reached an institutional milestone after the futures linked to the asset went live on the …
Ledger Wallet users will soon have access to OKX DEX directly, enabling non-custodial crypto swaps secured by hardware wallets.
Despite a sharp decline in Bitcoin (BTC) prices since last October, analysts at Bernstein argue that the current downturn does not resemble a traditional crypto bear market. In a note to clients released on Monday, the firm described the pullback as “the weakest Bitcoin bear case in its history,” even as the asset has fallen about 44% from its all‑time highs in current trading. Bernstein Defends Bitcoin’s Fundamentals The analysis was led by Bernstein’s Gautam Chhugani, who said the recent sell‑off reflects a loss of confidence rather than deeper structural problems. The analysts emphasized that Bitcoin’s core fundamentals remain intact and that the decline should not be mistaken for a systemic breakdown. Bernstein reaffirmed its long‑term outlook, maintaining a $150,000 price target for Bitcoin by the end of 2026. Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? Bernstein noted that many of the “red flags” that have historically preceded major Bitcoin crashes are missing this time. The analyst asserts that there have been no large institutional collapses, no exposure of hidden leverage, and no widespread failures across the crypto ecosystem. Instead, the firm sees a market weighed down by negative sentiment, even as broader conditions appear unusually favorable. The analysts pointed to what they described as strong institutional support for Bitcoin. This includes a pro‑Bitcoin US president, the continued expansion of spot Bitcoin exchange‑traded funds (ETFs), growing adoption by corporate treasuries, and sustained interest from large asset managers. In Bernstein’s view, these factors clearly distinguish the current cycle from past downturns that were driven by excess risk and fragile market structures. Holders And Miners Can Weather Long Downturn The firm also addressed shifting narratives around technology trends. Bernstein noted that some investors now argue Bitcoin has become irrelevant as global attention turns toward artificial intelligence (AI). The analysts dismissed that view, saying it reflects changing investor focus rather than a genuine threat to Bitcoin’s role. They added that fears around quantum computing have similarly been overstated, pointing out that such risks would affect all critical digital systems, not just Bitcoin. The firm further downplayed fears of forced selling driven by corporate treasuries or miner capitulation. Bernstein said major companies holding Bitcoin have structured their balance sheets to withstand prolonged downturns. Related Reading: After Predicting XRP’s Drop, Analyst Says The Bottom May Be In Referencing comments from Strategy’s recent earnings call, the analysts noted that only an extreme scenario—Bitcoin falling to $8,000 and remaining there for five years—would trigger a need for restructuring. Miners, they added, are also better positioned than in past cycles. Many have diversified their revenue by reallocating power resources toward AI data center demand, reducing reliance on Bitcoin mining alone and easing pressure from production costs. As of this writing, Bitcoin is trading at $70,627, having recorded losses of 20% and 22% over the past fourteen and thirty days, respectively. Featured image from OpenArt, chart from TradingView.com
Omnia allows users to trade any asset directly against any other 24/7, without restrictions on size or type.
Stellar (XLM) remains under pressure as the broader crypto market struggles to regain traction, keeping buyers on the defensive. Stellar price has continued to face bearishness and price action has weakened steadily over recent sessions, pulling XLM back toward a key demand zone that previously acted as a base for rebounds. The token is no …
Sometimes human intervention and an “old school” approach is needed, said Anatoly Crachilov, founding partner and CEO of Nickel Digital Asset Management.
The long-delayed CLARITY Act, a key U.S. crypto regulation bill, is back in focus after Treasury Secretary Scott Bessent publicly criticized lawmakers for dragging their feet. Speaking ahead of a high-level White House meeting scheduled for today, Bessent warned that continued delays are damaging the U.S. crypto industry and pushing innovation overseas. Bessent said the …
The Bitcoin ETF rebound comes as analysts flag slowing outflows. Early BTC holders trim positions rather than exit as BTC hovers near $70,000, according to Bitwise.
On-chain data shows Ethereum dipped under a key Market Value to Realized Value (MVRV) pricing band during the latest price drawdown. Ethereum Fell Under The 0.80 MVRV Band Recently As explained by analyst Ali Martinez in an X post, Ethereum recently dropped below the 0.80 MVRV pricing band. The “MVRV Ratio” is a popular on-chain indicator that tracks the ratio between the ETH market cap and Realized Cap. Related Reading: Bitcoin Sentiment Worst Since 2022 Bear As Price Crash Continues The Realized Cap here refers to a capitalization model that calculates the asset’s total value by assuming that the value of each individual token is equal to the spot price at which it was last transacted on the blockchain. The last transfer of any token is likely to represent the last time that it changed hands, so the price at its time could be considered as its current cost basis. As such, the Realized Cap essentially measures the sum of the acquisition value of all coins in circulation. In other words, it provides an estimate for the amount of capital that the investors as a whole have put into the cryptocurrency. As the market cap can be considered as the value that holders are carrying in the present, its comparison with the Realized Cap in the MVRV Ratio tells us about the profit-loss status of the Ethereum userbase. When the value of the MVRV Ratio is greater than 1, it means the investors are in a state of net unrealized profit. On the other hand, it being under this mark suggests the dominance of loss on the network. Historically, profitability swinging to an extreme value either side of 1 has often paved way for reversals in the asset. At a high level above 1, this happens because investors become more likely to take their profits the higher that they get. Similarly, below 1, the asset can bottom out as losses dominate and selling pressure runs out. The MVRV Pricing Bands is a model that defines price levels for ETH where these behaviors become more apparent. Below is the chart shared by Martinez that shows the trend in this model’s bands for Ethereum. As is visible in the graph, Ethereum plunged below the 1.0 pricing band corresponding to $2,449 during its slide at the end of January. This means that the overall market went underwater due to the price drawdown. With bearish momentum continuing in the first week of February, losses only grew deeper for investors as the asset fell below another pricing band: 0.80. Currently, this level is valued at $1,959. Related Reading: Bitcoin Realized Loss Nears $900 Million, Highest Since FTX Crash “The last three times Ethereum $ETH dipped below the 0.80 Pricing Band, it marked a market bottom,” noted the analyst. It now remains to be seen whether the venture below the level would also mark a bottom for the asset this time. ETH Price Ethereum has rebounded a bit since its plunge last week as its price has returned to $2,044, recovering above the 0.80 MVRV pricing band. Featured image from Dall-E, chart from TradingView.com
Ethereum, a decentralized, open-source blockchain systemis planning an important technical upgrade that could change how its blocks are validated at the base layer. Instead of every validator processing all data again, Ethereum aims to use zero-knowledge proofs to verify blocks more efficiently. This shift could reduce hardware requirements, speed up validation, and improve overall scalability. …
ETF assets under management continue to diverge from spot bitcoin price.
Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses. At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate crypto accumulation even as prices remain under pressure. Strategy Adds 1,142 BTC Despite Rising Losses In a filing with the US Securities and Exchange Commission disclosed on Monday, Strategy reported the purchase of an additional 1,142 Bitcoin for approximately $90 million. The acquisition was made between February 2 and February 8 at an average price of $78,815 per coin, according to the company’s 8‑K filing with the regulator. The move extends Strategy’s aggressive Bitcoin buying campaign, even as the value of its massive crypto treasury remains below its total acquisition cost on paper. Related Reading: After Predicting XRP’s Drop, Analyst Says The Bottom May Be In With the latest purchase, Strategy’s total Bitcoin holdings have climbed to 714,644 BTC, a position currently valued at roughly $49 billion based on prevailing market prices. The company has spent about $54.4 billion to build its Bitcoin reserves, including fees and related expenses. Across all acquisitions, Strategy’s average purchase price now stands at $76,056 per Bitcoin, well above current trading prices. Concerns around Strategy’s balance sheet have resurfaced amid the recent Bitcoin sell‑off. As previously reported by NewsBTC, CEO Phong Le stated that Bitcoin would need to fall by roughly 90% from current levels for the value of Strategy’s Bitcoin holdings to merely match the value of its outstanding convertible debt. Even under such an extreme scenario, Le said the company would explore restructuring options if converting the debt into equity were not feasible. Bitmine’s Crypto And Cash Holdings Reach $10B On Monday, Bitmine disclosed that its combined crypto holdings, cash, and so‑called “moonshot” investments now total approximately $10 billion. As of February 8, the company’s crypto portfolio includes 4,325,738 ETH valued at $2,125 per token, alongside 193 Bitcoin. Beyond cryptocurrencies, Bitmine reported additional investments including a $200 million stake in Beast Industries, a $19 million stake in Eightco Holdings (ORBS), and total cash reserves of $595 million. Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? The company noted in a Monday press release that its Ethereum holdings represent approximately 3.58% of the total ETH supply, which currently stands at around 120.7 million tokens. Thomas Lee, Executive Chairman of Bitmine, said the company acquired 40,613 ETH over the past week alone. He described the recent pullback in Ethereum prices as an attractive opportunity, arguing that the market is underestimating ETH’s long‑term utility. Bitmine also revealed that a significant portion of its Ethereum holdings is actively staked. As of February 8, 2026, the company had 2,897,459 ETH staked, valued at approximately $6.2 billion at current prices. At the time of writing, Bitcoin was trading near $69,495, reflecting an almost 11% decline over the past week. Strategy’s shares showed a modest rebound, rising 0.82% on Monday to trade around $136 per share. Bitmine’s stock, BMNR, also moved higher, climbing roughly 2% during Monday’s session to trade near $20.91. Featured image from OpenArt, chart from TradingView.com
Silver is currently trading between $81.30 and $81.60 per ounce after a volatile start to the month, with prices slipping about 2% as traders take profits. Investor Robert Kiyosaki is involved as a buyer, revealing he purchased 600 American Silver Eagles near $82. The situation matters because analysts and investors are debating whether the recent …
The acquisition could democratize financial literacy and services for younger audiences, potentially reshaping financial education and access.
The post MrBeast’s Beast Industries buys Step banking app following $200M BitMine deal appeared first on Crypto Briefing.
Analysts say Ether’s MVRV Z-Score has entered capitulation territory at -0.42 after falling 30% in a fortnight, though it's still far from its worst score.
XRP, the fourth-largest cryptocurrency by market cap, has been under immense pressure after falling over nearly 25% from its 4-week high of $2. XRP price today has seen a slight recovery, now trading around $1.44 just ahead of Ripple’s “XRP Community Day.” Meanwhile, traders believe any positive announcement will push the XRP price above $2. …
Bitcoin’s recent sell-off appears to be losing momentum as signs of institutional buying begin to surface across the market. After weeks of sustained downside pressure, selling intensity has moderated, and price action is showing early signs of stabilisation near key support levels. At the same time, market data points to large investors quietly building positions …
The crypto market’s volatility is just “part of the game,” says Federal Reserve governor Chris Waller, who adds that traditional finance may have added to the recent market drop.
Tron’s blockchain operator has been adding to its stash of TRX and that activity is getting attention. Reports say the platform recently bought 179,408 TRX at an average cost of $0.28, lifting its treasury to about 680 million tokens. The buy was one more in a series of purchases that show a clear pattern: steady accumulation over several days. Related Reading: After Predicting XRP’s Drop, Analyst Says The Bottom May Be In Tron Increases Treasury Holdings According to on-chain records, the platform purchased tokens at slightly different prices across recent days. On February 7, it bought more than 184,000 TRX at $0.27 a piece. On February 8, another 181,000+ TRX were added at $0.28. The most recent move of 179,400 TRX followed those buys. These are not one-off trades. They read as deliberate, repeated steps to build a reserve of native tokens over time. Tron Inc. (NASDAQ: TRON) acquired 179,408 TRX tokens today at an average price of $0.28, further increasing its TRX treasury holdings to more than 680.7 million TRX in total. The company aims to further grow its Tron DAT holdings to enhance long term shareholder value. For live… — Tron Inc. (@TRON_INC) February 9, 2026 Tron’s founder, Justin Sun, posted a short message that read “Keep Going.” That simple line was taken by some traders as a vote of confidence. Reports note Sun’s public backing came while his legal fight with regulators remains on pause, and that political voices have criticized the pause. TRX Sees A Small Bounce, Volume Falls Market moves have been modest. The token is trading near $0.27, up about 0.75% from earlier in the day. Still, TRX has slipped 1.5% over the past week and 6% in the last month. Trading activity has cooled; 24-hour volume fell by 20% to roughly $520 million. That lower volume suggests fewer hands are moving funds, which can make any price uptick look fragile. What The Buying Might Mean Large-scale accumulation by a project is usually read two ways. For followers, it can be a sign the team expects future value or wants to support liquidity. For skeptics, it can also look like internal reshuffling or an effort to control supply dynamics. The repeated purchases at nearby price points point to a steady plan rather than panic buys, but steady plans don’t guarantee price rebounds when broader market sentiment is soft. Related Reading: Breathe… XRP Is The ‘Oxygen’ Of The New Financial System, CEO Says Reports say Tron intends to keep buying. If that continues over the next 10 days or longer, the treasury will grow and the narrative around its reserve will strengthen. Yet the wider market’s mood and regulatory pressure will probably matter more for TRX’s path than a handful of buys. Investors watching the token should note the low turnover and the modest nature of the price rise; both hint that stronger momentum has not yet arrived. Featured image from Yellow.com, chart from TradingView
Bithumb sent 620,000 BTC by mistake last week, exposing weaknesses in internal controls and risk management.
SEC Commissioner Mark Uyeda framed blockchain-based securities as a market modernization effort rather than a regulatory rupture.
The sentence was handed down in absentia after prosecutors said the defendant cut off an ankle monitor and fled supervision.
Chainlink co-founder Sergey Nazarov says the recent crypto market downturn has inadvertently shown “how far the industry has progressed.”
Dogecoin started a recovery wave above the $0.0950 zone against the US Dollar. DOGE is now facing hurdles near $0.10 and might struggle to continue higher. DOGE price started a recovery wave from $0.090 and climbed above $0.0950. The price is trading below the $0.0960 level and the 100-hourly simple moving average. There is a key declining channel forming with support at $0.090 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.090. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.080 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.0850 and $0.090 resistance levels. There was a decent upward move above the 50% Fib retracement level of the downward move from the $0.1100 swing high to the $0.0800 low. However, the bears remained active near the $0.100 zone. Besides, there is a key declining channel forming with support at $0.090 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.0960 level and the 100-hourly simple moving average. If there is another recovery wave, immediate resistance on the upside is near the $0.0985 level or the 61.8% Fib retracement level of the downward move from the $0.1100 swing high to the $0.0800 low. The first major resistance for the bulls could be near the $0.10 level. The next major resistance is near the $0.1020 level. A close above the $0.1020 resistance might send the price toward the $0.1085 resistance. Any more gains might send the price toward the $0.1120 level. The next major stop for the bulls might be $0.1150. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.10 level, it could continue to move down. Initial support on the downside is near the $0.09240 level. The next major support is near the $0.090 level. The main support sits at $0.0850. If there is a downside break below the $0.0850 support, the price could decline further. In the stated case, the price might slide toward the $0.0820 level or even $0.0800 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0924 and $0.0900. Major Resistance Levels – $0.0985 and $0.1020.
Kevin Warsh’s push for a new Fed–Treasury “accord” is reigniting a familiar market argument: whether Washington is drifting toward a softer-rate, higher-liquidity regime that tends to favor hard assets, including bitcoin and crypto, even if it raises the stakes for bonds. The debate flared after Bloomberg reported that Kevin Warsh floated the idea of “a new accord with the Treasury Department,” echoing the 1951 agreement that redefined the relationship between the two institutions. Bloomberg reported over the weekend that the concept could amount to a limited bureaucratic revamp, but a more ambitious effort could “see increased volatility and concern over the US central bank’s independence,” depending on how explicitly it links the Fed’s balance sheet decisions to Treasury financing. Looming over the idea is the political pressure to treat debt-service costs as a policy constraint. Bloomberg pointed to interest costs “running at an annual clip of around $1 trillion,” and quoted SGH Macro Advisors’ Tim Duy warning that an accord could be read as something more than process reform. “Rather than insulating the Fed, it could look more like a framework for yield-curve control,” Duy said. “A public agreement that synchronizes the Fed’s balance sheet with Treasury financing explicitly ties monetary operations to deficits.” Related Reading: Retail Dumps, Bitcoin Inflows Surge: On-Chain Data Flags Capitulation Can Bitcoin Get The Bid? In bitcoin circles, the accord conversation is being interpreted through the lens of yield-curve control (YCC) and debt monetization, not just the path of the policy rate. Luke Gromen framed it bluntly, citing a recent FFTT view: “Our base case is that Warsh will be as dovish as Trump needs.” He added a familiar punchline for macro traders: “Math > Narratives (again).” “Our base case is that Warsh will be as dovish as Trump needs.” -FFTT, last week Math > Narratives (again) pic.twitter.com/aHMDlz2jzM — Luke Gromen (@LukeGromen) February 8, 2026 Analyst Lukas Ekwueme took the argument further: “Warsh, the next Fed chair, will inflate the debt away. He is in favor of yield curve control. This means pegging US short-term interest rates to an artificially low level. The Fed commits to buying unlimited amounts above that level to push interest rates down.” In that telling, the Fed pegs yields at “an artificially low level” and backs the peg with potentially unlimited purchases — a structure Ekwueme compared to the World War II era. He argued the political logic is straightforward: nominating someone “more hawkish than Powell” would clash with Trump’s prior attacks on the Fed for being too hawkish, making a dovish tilt the more consistent outcome. Bull Theory, a crypto-focused account, echoed the historical parallel while stressing that Warsh’s public framing is also about reducing the Fed’s entanglement in long-duration government financing. The account argued Warsh could prefer a portfolio shift toward Treasury bills, a smaller balance sheet, and clearer limits on when large bond-buying programs can occur — potentially with “closer coordination with the Treasury on debt issuance.” But it also warned the market shouldn’t confuse “limits” with “tightening” if the end result is a policy mix that suppresses real yields and keeps liquidity conditions easy. CoinFund President Christopher Perkins added: “I continue to think that the crypto markets got the Warsh appointment wrong. A new Fed-Treasury Accord is the plan…has been all along. Additional coordination, or any shift in responsibilities to Scott Bessent and the US Treasury will bullish for crypto IMO–once things settle. At least for the next 3 years.” Related Reading: Bitcoin Taker Buy Ratio Signals Peak Bearish Sentiment — Relief Soon? For bitcoin, the central question is the direction of real yields and the credibility of the “independence” anchor because both feed into how investors price fiat debasement risk and liquidity scarcity. The pro-crypto interpretation is consistent: if an accord evolves into a framework that caps parts of the curve or otherwise lowers real yields, it can push capital out the risk-free complex and into assets that behave like inflation hedges or duration substitutes. Bull Theory put it in plain terms: “If Warsh’s framework leads to lower real yields, rate cuts, and easier liquidity conditions, that usually supports risk assets like equities, gold, and crypto. Because when bond returns fall, capital looks for higher-return alternatives.” The caveat is that the same setup could increase volatility in rates markets. Bloomberg flagged that an ambitious accord could spook investors about the Fed’s independence, while Bull Theory argued that reduced Fed support for long-term yields alongside heavy Treasury issuance could steepen the curve and lift term premiums. For crypto traders, that combination can create a two-speed regime: supportive liquidity narratives on one hand, and sudden risk-off impulses if bond volatility spills into broader financial conditions. At press time, BTC traded at $69,151. Featured image created with DALL.E, chart from TradingView.com
SEAL and the Ethereum Foundation created a Trillion Dollar Security dashboard to track Ethereum security as part of efforts to fight wallet drainers.
Dubai's real estate tokenization could enhance market transparency, attract global investment, and position the city as a tech innovation hub.
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XRP price started a decent increase above $1.420. The price is now consolidating gains and might aim for more gains above the $1.50 zone. XRP price started a decent upward move above the $1.40 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There is a declining channel forming with support at $1.350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.50. XRP Price Faces Hurdles XRP price started a recovery wave above $1.380 and $1.40, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.450 resistance. The bulls even pumped the price above the $1.50 zone. A high was formed at $1.5435 and the price started a consolidation phase. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.135 swing low to the $1.543 high. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. Besides, there is a declining channel forming with support at $1.350 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $1.450 level. The first major resistance is near the $1.50 level, above which the price could rise and test $1.5450. A clear move above the $1.5450 resistance might send the price toward the $1.650 resistance. Any more gains might send the price toward the $1.720 resistance. The next major hurdle for the bulls might be near $1.80. Another Decline? If XRP fails to clear the $1.50 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.40 level. The next major support is near the $1.340 level or the 50% Fib retracement level of the upward move from the $1.135 swing low to the $1.543 high. If there is a downside break and a close below the $1.340 level, the price might continue to decline toward $1.30. The next major support sits near the $1.250 zone, below which the price could continue lower toward $1.20. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.40 and $1.340. Major Resistance Levels – $1.450 and $1.50.
Ethereum is attempting to stabilize around the $2,000 level as the broader crypto market enters a critical consolidation phase following weeks of heightened volatility. Price action remains fragile, with buyers defending key psychological support while macro uncertainty, liquidity shifts, and persistent selling pressure continue to weigh on sentiment. Analysts note that the current environment resembles previous transitional periods where market structure weakened before a clearer directional move emerged. Related Reading: Bitcoin At $65K: Market Cycle Indicator Points To Possible Bottom Zone A recent CryptoQuant report highlights an important contrast in exchange-flow dynamics between Bitcoin and Ethereum. According to the data, significant amounts of Bitcoin have recently been deposited onto exchanges, pushing exchange-held BTC supply back to levels last seen around 2019. However, a notable portion of this supply appears to belong to investors who simply custody assets on exchanges rather than actively preparing to sell, making interpretation less straightforward. Ethereum presents a different picture. Despite launching in 2015 and expanding dramatically since then, the amount of ETH held on exchanges currently mirrors levels observed around mid-2016. This unusually low exchange supply suggests a tighter liquid float, potentially reflecting increased long-term holding, staking participation, or DeFi deployment, all of which could influence future price dynamics. Exchange Supply Tightening Signals Potential Liquidity Shift The CryptoQuant report provides additional context on Ethereum’s exchange supply dynamics by highlighting a historical comparison. In the referenced chart, the red box marks the current amount of ETH held on exchanges, while the blue box reflects a similar spot supply level last seen around mid-2016. Despite Ethereum’s substantial growth in adoption, liquidity, and institutional participation since then, exchange balances remain unusually low. However, because a significant portion of this ETH still belongs to investors rather than active traders, it remains uncertain whether such constrained exchange supply can persist over time. This makes ongoing monitoring of exchange inflows and outflows particularly relevant for assessing future price stability. The report also notes that Ethereum’s over-the-counter (OTC) balances have increased recently. Even so, this liquidity pool remains relatively modest compared with exchange-held supply. Limiting its ability to fully offset sudden demand shocks or selling waves. If exchange balances were to tighten further while OTC liquidity also declined, the market could face sharper price reactions to incremental demand changes. Such a scenario raises structural questions about market dynamics. Reduced immediately available supply could amplify volatility, intensify short squeezes, or accelerate price discovery phases, depending on broader macro sentiment and capital flows. Related Reading: Bitcoin Short-Term Holders Deep In Loss: MVRV Signals Capitulation Phase Ethereum Tests Critical Support as Bearish Momentum Persists Ethereum continues to trade under sustained pressure after losing key support levels and briefly testing the $2,000 zone. A psychological threshold that now defines the short-term battlefield between buyers and sellers. The chart shows a clear deterioration in market structure since late 2025, with ETH consistently printing lower highs while repeatedly failing to reclaim its major moving averages. Price currently sits below the 50-, 100-, and 200-period averages, confirming a firmly bearish trend. The recent breakdown accelerated as volume expanded sharply, suggesting forced selling rather than orderly repositioning. This kind of volume spike often accompanies liquidation cascades or defensive portfolio adjustments, particularly in derivatives-heavy environments. Notably, the bounce from the lows remains modest, indicating limited immediate demand absorption. Related Reading: Bitcoin Short-Term Holders Deep In Loss: MVRV Signals Capitulation Phase From a technical standpoint, the $2,000–$2,100 region now acts as fragile support. Losing it decisively could expose ETH to deeper retracement levels around $1,700 or even the $1,500 zone. Where previous consolidation occurred. Conversely, stabilization above this range would be the first signal that selling pressure is easing. Momentum indicators favor caution. Until Ethereum reclaims key moving averages and establishes higher lows, the broader structure suggests continued consolidation with downside risk still present. Featured image from ChatGPT, chart from TradingView.com