SPACE increased by 54.05% after launching Alpha, current price is 0.009490201060445165 USDT

Bitcoin bear market lasts five months, with 74% of long-term holders' profits quickly shrinking

February 25 News, Bitcoin price has fallen approximately 50% from its all-time high, and 74% of long-term holders' profits are rapidly shrinking. CryptoQuant analyst Darkfost pointed out that as Bitcoin price approaches cost basis, the average profit of long-term holders continues to decline, a trend that usually signals the arrival of the bear market capitulation phase. Glassnode reports that the 90-day moving average of realized profit and loss for Bitcoin has fallen below 1, indicating the market has entered an excess loss realization phase. Historical data shows that such a bear market lasts at least six months before market liquidity begins to recover. Analyst James Check noted that Bitcoin has been declining for nearly five consecutive months, with weekly volatility soaring above 150%, and the weekly Relative Strength Index (RSI) also at historically oversold levels. Large amounts of Bitcoin at high price levels are flowing to new holders.

GT 24H Up 5.00%, current price 6.92 USDT

Gate News bot message, Gate market display, GT has increased by 5.00% in the past 24 hours, current price is 6.92 USDT.

Traditional Finance Alert: AUDJPY has risen by over 1%

Gate News bot message: According to the latest Gate TradFi data, AUDJPY has risen 1% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.

Bitcoin ETF experiences over $2 billion in net outflows over six weeks, with IBIT redemptions leading, as institutional funds retreat suppresses BTC rebound

February 25 News, Bitcoin spot ETFs are experiencing a rare consecutive capital outflow cycle, with net redemptions occurring for six consecutive weeks, indicating a clear shift in institutional funding attitude. Data shows that on February 23 alone, net outflows reached $203.8 million. Previously considered a long-term allocation tool, ETFs have now become one of the sources of phased selling pressure, directly exacerbating market volatility. In terms of price, Bitcoin has fallen below the key level of $63,000, nearly a 50% retracement from the October 2025 all-time high of approximately $126,000. Market risk appetite has significantly cooled. The current average holding cost for ETF investors is about $84,100. With the current price around $68,000, most institutional accounts are still showing approximately 20% unrealized losses, further amplifying the motivation for redemptions.

PUMP funds have flowed out nearly $100 million in the past 24 hours, with zero fees and short sellers dominating. Key support levels are under pressure.

On February 25, news reports indicate that the native token PUMP of memecoin launch platform Pump.fun is facing significant selling pressure. Over the past 24 hours, its price has dropped approximately 9.5%, accompanied by a large-scale withdrawal of funds, and market risk sentiment has notably increased. Data shows that about $99.47 million was withdrawn in a single day, causing its market capitalization to quickly fall from approximately $715 million to $615 million, with signs of liquidity contraction becoming more evident. From a trading structure perspective, trading volume has actually increased during the price decline. This "volume-increasing decline" is often seen as a strong sell signal, indicating that sellers are dominating and continuously suppressing buying demand. Against the backdrop of ongoing capital outflows, market depth has decreased, and short-term volatility may further expand.