Trading

On February 23, 2026, the Coinbase Bitcoin premium moved back above zero after spending most of the month negative since heavy selling on February 6. Market data showed BTC around $66,150 on Binance futures with a 0.40% hourly uptick, while spot was near $65,070 and down roughly 3% for the day.

Bitcoin is approaching a major bearish "death cross" on its three-day chart around February 27, with the 50-day SMA set to cross below the 200-day SMA as the asset trades near $63,158. The cryptocurrency has already dropped more than 52% from its October 2025 high above $110,000 to around $68,000, and analysts warn that historical patterns point to further potential downside toward $40,000 or even $30,000. Recent selling has pushed BTC below the $60,000 support and under both key moving averages, with broader risk-off sentiment and leverage unwinds adding pressure.

On February 10, 2026, XRP Ledger active addresses peaked at 32,684; by February 24 they fell to 14,551, a 55% drop. Active addresses are a key engagement indicator, and the slump coincides with whales moving over 31 million XRP to Binance while price trades near $1.33, raising the risk of a move below $1.

The U.S. SEC appointed Taylor Lindman, formerly a senior legal officer at Chainlink Labs, as chief counsel for its Crypto Task Force. According to the report, LINK traded around $8.18 after rebounding from $8.13, with support near $6.80 and resistance at $8.19, while its price is roughly 51% lower year over year.

Espresso (ESP) surged more than 123% over the last 24 hours, hitting a record high of $0.219 as simultaneous listing announcements from South Korea’s top exchanges, Upbit and Bithumb, triggered an explosive wave of accumulation. While technical indicators suggest the rally is currently overextended, the token’s massive volume spike indicates strong buyer conviction as it defies a broader market downturn.

Seeker (SKR) surged more than 41% today, hitting an intraday high of $0.032 as a major listing on South Korea’s largest exchange, Upbit, triggered a massive wave of accumulation. While technical indicators point toward a potential retest of its all-time high, the token’s performance stands in stark contrast to a broader market Extreme Fear phase, with traders eyeing the $0.035 resistance level and a sustained breakout into the $0.040 range.

The administrator handling Terraform Labs’ wind-down has filed a lawsuit against Jane Street alleging use of non-public information ahead of TerraUSD’s May 2022 collapse, putting Terra Classic (LUNC) under renewed scrutiny. LUNC trades near $0.00003509 after a $0.0000343–$0.00003516 24-hour range, with analysts watching a potential push toward $0.00003925 and 2026 projections between $0.0000242 and $0.000510.

Jane Street significantly raised its IBIT and MSTR shareholdings in Q4 and February 2026, including a 53.78% jump to 20.3M IBIT shares valued at $1B. These stakes may primarily serve as market maker inventory tied to derivative strategies, rather than reflecting a simple long-term bullish bet on BTC.

With Bitcoin trading near $63,200, Polymarket markets assign a 17% chance that the price will surpass $75,000, even as technical signals and whale flows point to mounting headwinds. Large holders have reduced but not reversed selling, and strong resistance around $72,200–$73,200 contrasts with key support close to $63,300, leaving price trapped between major levels.

Bitcoin slid to intraday lows of $62,700 on Tuesday as its price retreated to around $62,800, extending the monthly loss to nearly 29%. Analysts highlight $60,000 as a critical short‑term support, warning that a deeper pullback toward $50,000 is possible amid ETF outflows and macroeconomic pressures.