$COIN is now down -69% from its highs.
Over the past year, CEO Brian Armstrong has sold 1.5M shares, totaling $743M. Source: Trend Spider
🚨NEXT WEEK COULD DECIDE THE FUTURE OF US CRYPTO REGULATION 🚨
Next week, the White House is hosting a high-stakes meeting that could change the U.S. financial system forever. 🇺🇸⛓️ The entire Crypto Market Structure Bill is currently deadlocked over one single, explosive question: Should stablecoin holders be allowed to earn yield? 💰 Here is what you need to know about the "Yield War" happening behind closed doors: 🏦 THE BANKS’ PERSPECTIVE: Traditional banks are terrified. If a stablecoin offers 3-4% yield while a standard checking account offers 0%, the math is simple. Industry groups warn that $6 TRILLION in deposits could migrate out of the banking system. They see this as an existential threat to their liquidity. ⚖️ THE CRYPTO PERSPECTIVE: Crypto firms and exchanges view yield as the heartbeat of the digital economy. They’ve made their stance clear: They would rather have no bill at all than a bill that bans yield just to protect legacy banks. ⏳ THE TICKING CLOCK: With the 2026 Midterm Elections looming, lawmakers are running out of time. If a compromise isn't reached by the end of February: The CLARITY Act remains stalled. Regulatory uncertainty continues. The U.S. risks falling further behind in global fintech. This isn't just about "crypto." It’s about the future of how money moves, how it grows, and who controls the rails. The Feb 10 meeting is the pressure point. Will the White House force a "Grand Bargain," or will the divide between TradFi and DeFi become a canyon? Source: Crypto Rover
The "Bitcoin is dead" narrative just jumped the shark
Each cycle, Bitcoin is declared “dead,” but this ignores a deeper structural shift in monetary sovereignty. Behind the negative headlines, fundamentals are advancing: major U.S. regulation (CLARITY Act), rapid institutional adoption through asset tokenization, and crowded bearish positioning near the 200-week SMA. The transition from speculative asset to institutional financial infrastructure is painful but ongoing when the bear case relies on fear narratives, it often signals that the structural shift is already underway.
Bitcoin is experiencing severe sell-off pressure, with one of the worst days of the decade similar to past crisis moments (COVID crash, Terra Luna, FTX).
BTC is extremely oversold: daily RSI hit 16 and weekly RSI fell below 30 for only the 4th time ever. Historically, buying at these levels and holding for one year has delivered strong returns (+112% in 2015, +136% in 2019, +26% in 2022). Source: Trendspider
Can the 200 days moving average save BTC ???
Source: Trend Spider
Bitcoin: while are retail dumping, whales buying
Source: Glassnode
10% of the outstanding $BTC is held by $MSTR and the 11 Spot BTC ETFs.
These are the ways normies hold $BTC in regulated brokerage accounts. Collectively, the avg purchase price is $85.36K, meaning the average is now ~$8k underwater, with an unrealized loss of ~$7B. Source: Bianco Research
The unwinding of popular strategies such as the yen carry trade in traditional markets have been adding to the selling pressure on bitcoin.
The yen carry-trade strategy involves borrowing the relatively low-yielding yen and investing in other currencies offering higher returns. According to Matt Maley, chief market strategist at Miller Tabak & Co, “Bitcoin and other cryptocurrencies are assets that tend to move with liquidity. When liquidity is more plentiful, cryptos rally, and when it’s less plentiful, they decline.” “Well, one of the best indicators for the level of liquidity in the system is the yen carry trade.” Source: zerohedge
