A certain whale continues to hold long positions in ETH, BTC, and SOL after an unrealized loss of approximately $46 million.

Why the Latest Bitcoin Selloff Looks Different From Past Cycles

_Bitcoin’s worst cycle drawdowns have compressed from -92.7% in 2011 to just -68.5% in 2022._ _Bitcoin demand flipped positive at +1,200 BTC after bottoming near -154,000 BTC in December 2024._ _Fear and Greed sits in single digits, yet structural data suggests this selloff differs from

Analyst: The recent pullback in Bitcoin has led to record-high realized losses, possibly approaching a cyclical bottom.

Crypto analysts point out that Bitcoin's recent pullback has led to a significant increase in realized losses, reaching a new all-time high, similar to the crashes in 2018 and 2020. Currently, market sentiment is bearish, with many holders selling off their assets, which could indicate that a bottom is approaching.

Bitcoin "Exchange Whale Ratio" soars to 0.64, the highest since 2015. Is this a warning sign of selling pressure or a turning point?

According to CryptoQuant data, the Bitcoin exchange whale ratio reached 0.64 on February 20, 2026, the highest since 2015, with large holders accounting for 64% of total inflows. Analysts warn that this concentration could trigger a price correction. Although ETF demand remains stable, the market faces downside risks. At the same time, recent demand resurgence indicates a potential positive signal for Bitcoin.

"Bitcoin is dead" search volume hits a record high: Is this a sign of surrender or the true bottom?

Recently, the Bitcoin market has experienced intense volatility, with searches for "Bitcoin is dead" surging to a record high. Bitcoin's price dropped from $126,000 to around $63,000, reducing its market capitalization by over $2 trillion, triggering panic among retail investors. Analysts believe this sentiment may signal the bottom of the market rebound. Despite selling pressure, the market still shows capital resilience, with short-term selling appearing weak. The future of the crypto market is expected to evolve rather than perish.

Data: If BTC drops below $64,765, the total long liquidation strength on major CEXs will reach $1.755 billion.

ChainCatcher Message: According to Coinglass data, if BTC drops below $64,765, the total long liquidation strength on major CEXs will reach $1.755 billion. Conversely, if BTC breaks through $71,013, the total short liquidation strength on major CEXs will reach $1.318 billion.

Spot Bitcoin ETFs See Five Weeks of Net Withdrawals Totaling $3.8B

US spot Bitcoin ETFs have extended a five-week stretch of net outflows, with investors pulling roughly $3.8 billion from the products across the period. The latest weekly snapshot shows continued pressure even as inflows emerged on select days, underscoring a broader de-risking phase among