Trading

KITE has advanced from a base near $0.16 to highs around $0.2706, with bulls overcoming the $0.24–$0.25 barrier and now testing a dense resistance area below $0.30. Derivatives data show Open Interest climbing toward $100–$120 million and funding rates turning firmly positive, signaling leveraged long interest but also rising liquidation risk if momentum fades. Technical supports sit near $0.25, $0.20 and $0.18, while a sustained move above $0.27 could open a path toward the $0.30–$0.35 zone.

Bitcoin sentiment remains deep in extreme fear, with the Fear & Greed Index at 7 and stuck in that zone for 22 straight days. BTC has struggled to recover, trading around $67,700 after a bounce from $60,000. Thresholds mark fear below 47, greed above 53, and extreme bands at 25 and 75.

According to Google Trends data cited by AOL Finance, searches for "Bitcoin is dead" and "Bitcoin is going to zero" have climbed to record levels while the asset trades around $67,713. Matrixport analysts describe sentiment as extremely weak, and Bloomberg Intelligence's Mike McGlone outlines scenarios ranging from sharp downside risk to potential inflection after fear peaks.

Bitcoin has moved sideways for over two weeks and has spent more than six weeks consolidating between $85k and $90k, after briefly pushing above $97k before reversing. According to CoinMarketCap, the Fear and Greed Index has dropped into extreme fear, while soft spot demand and ETF outflows leave momentum weak and put focus on whether $65k can hold into late March.

Synthetix's SNX rallied 27% in the past 24 hours as trading volume nearly doubled to about $140 million. Market focus now turns to whether buyers can push price toward a nearby liquidity area around $0.4254, with momentum aided by strengthening derivatives participation.

Peter Schiff, chairman of Schiff Gold, tweeted yesterday that Bitcoin may slide toward $20,000 if its long-term $50k support gives way. On February 12, he said the cryptocurrency's "initial support" was around $10k. At press time, Bitcoin was near $68k after a failed move above $70k.

Bittensor's TAO token fell 5.25% in just over 24 hours to $174.2 while its trading volume climbed 15% to $117.50 million, signaling intense selling pressure. Technical readings and market positioning point to a possible decline toward $144 if TAO remains under the $207 resistance, even as derivatives and spot data reveal a split between short sellers and aggressive buyers.

Deutsche Bank plans to leverage Ripple's blockchain-based infrastructure to speed up and reduce the cost of its cross-border payments. Around Feb. 19, XRP slipped under its 200-week moving average near $1.419 and lost support at $1.42, while the UAE has reportedly mined about $453.6 million in Bitcoin and holds over $1 billion in BTC, a push Binance's Changpeng Zhao says he supported. These developments highlight institutional interest in Ripple's solutions, shifting XRP price dynamics, and the UAE's growing role in Bitcoin mining.

Bitcoin has fallen 29% over the last 30 days, with VanEck's latest Bitcoin ChainCheck report arguing that leveraged positions have been cleared and "mid-cycle" sellers are largely spent. The asset manager also notes a sharp pullback in hash rate and mining profitability, while on-chain activity and transaction counts remain comparatively strong.

On Feb 18, 2026, Coinbase said it will leave Optimism’s OP Stack to develop a "unified stack," according to Bankless. The move follows a prolonged slump, with OP down 97% from its March 2024 ATH, and as Base has supplied ~97% of Superchain revenue. Ether.fi plans to migrate ~70,000 active cards and ~300,000 accounts to OP Mainnet over the coming months.