Cryptocurrency Asset Overview
BTC (+2.85% | Current Price: 68,039.2 USDT)
After Trump’s speech, Bitcoin’s price retook the $65,000 level, with the bulls and bears reaching a near four-week high. This rally coincides with the stock market rebound. However, the upward momentum still lacks strong continuation. Historical experience shows that rapid FOMO-driven surges often mark short-term peaks. Currently, market optimism is surging, overlapping with significant technical resistance in the $66,000–$68,500 range, which could become a key point triggering new selling pressure. On the 4-hour chart, Bitcoin has broken below the price compression structure built since February, with downside momentum clearly evident, further confirming that bears remain dominant. Under the current market structure, without a decisive breakout, the price is likely to stay within a range between $60,000 and $70,000 in the short term.
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ETH (+6.09% | Current Price: 2,047.93 USDT)
From the daily chart, Ethereum stabilized and rebounded within the support zone of $1,734–$1,800, and has regained the $2,000 level. However, the overall trend remains within a downtrend channel, with multiple rejections at resistance levels indicating no substantial trend reversal yet. This phase can be seen as a consolidation with balanced bullish and bearish forces. Resistance levels are at $2,050–$2,100, with a higher zone near the recent trading range top around $2,149–$2,150. Downside risks remain. If the rebound momentum weakens and the price turns lower, a daily close below $1,800 could lead to a retest of the lower boundary around $1,750, with further decline toward the $1,670–$1,700 support zone.
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GT (+2.16% | Current Price: 7.07 USDT)
On the 4-hour chart, GT experienced a deep V-shaped rebound but has since retreated, currently consolidating within the $6.8–$7.35 range. If market sentiment continues to improve and pushes the price higher, GT may test resistance near $7.4; conversely, if bears regain control, the price could fall back to support around $6.5.
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Daily Gainers and Losers
In the past 24 hours, the overall crypto market has shown strength, with risk appetite rising. The recent rally is driven more by market sentiment and trading activity rather than significant new capital inflows. Among mainstream assets, ETH (+6.00%) and SOL (+6.43%) led the gains, performing notably. Altcoins like CRYPTOBURG, POWER, and MBX also performed well, which will be analyzed below.
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CRYPTOBURG Crypto Burger (+253.78%, Market Cap: $375 million)
According to Gate data, CRYPTOBURG is currently priced at $17.689, up over 253.78% in 24 hours. Crypto Burger is a rare project in the Bitcoin ecosystem that combines “culture + infrastructure.” It originated from the real-world cultural event of “buying a burger with Bitcoin” and has evolved from Odin.fun’s top-ranked meme coin Runes into a Bitcoin-based smart execution and payment layer. Its core innovation is the “state anchoring + external execution” architecture, enabling BTC and Runes assets to perform automated cross-chain payments and settlements without altering Bitcoin’s security model.
The surge in CRYPTOBURG is mainly driven by expectations of exchange listings, with Gate launching spot trading, significantly boosting liquidity and market attention. The simultaneous HODLer Airdrop enhances holding incentives and short-term demand, encouraging early capital deployment. The combination of listing and airdrops has amplified trading activity and market sentiment.
MBX Marblex (+36.44%, Market Cap: $16.94 million)
According to Gate data, MBX is currently priced at $0.06291, up over 36.44% in 24 hours. Marblex (MBX) is a blockchain-based gaming service company aiming to produce AAA-quality blockchain games. It offers crypto wallets, decentralized exchanges, token staking, and NFT marketplaces, providing users with a comprehensive blockchain gaming ecosystem.
Recently, MBX spot trading volume surged over 1,125%, reaching $5.19 million, indicating strong speculative buying pressure. Social data shows MBX repeatedly topped the gainers list on certain exchanges’ spot markets. Since the price increase is mainly driven by trading momentum and capital flows rather than fundamentals, a decline in trading volume could lead to a rapid reversal.
POWER Power Protocol (+32.92%, Market Cap: $187 million)
According to Gate data, PIPPIN is currently priced at $0.8980, up 32.92% in 24 hours. Power Protocol is an incentive layer that converts user actions and application revenues into on-chain rewards, connecting mainstream apps to Web3. The protocol turns user engagement into real economic value, providing first-time meaningful on-chain experiences for millions of Web2 users through gaming, consumer apps, and creator platforms.
The recent rise coincides with speculative discussions on social media, including a tweet asking if Ronin will announce “flipping $Power in the first week of March,” and another listing POWER among tokens expected to enter a “altcoin season.” These unverified discussions likely fueled FOMO.
Market Highlights
NVIDIA Q4 Revenue Up 73%, Jensen Huang Raises $50 Billion Revenue Outlook
On February 26, NVIDIA announced its earnings, reporting that for the fiscal fourth quarter ending January 31, 2026, revenue rose 73% YoY to $68.127 billion, significantly beating the previous quarter’s 62% growth and exceeding the company’s guidance of $65 billion. The core data center segment, which accounts for over 90% of revenue, hit a new quarterly high, surpassing analyst estimates by over 3%. For the full fiscal year, NVIDIA’s revenue reached a record $215.938 billion, up 65% YoY. The Q4 profit was also strong; non-GAAP EPS increased over 80% YoY, about 5.9% above estimates, with gross margin rising to 75.2%, a 1.5-year high.
Even more encouraging, NVIDIA’s guidance for Q1 FY2027 exceeds expectations. Revenue is expected to hit new highs, with the midpoint of guidance 7.1% above analyst estimates and 4% above bullish market expectations, with YoY growth accelerating to nearly 77%. This robust report demonstrates that high-end computing power remains a scarce strategic resource for the foreseeable future, providing a solid foundation for projects combining blockchain and AI.
Short Positions Surge, Bitcoin Funding Rates Turn Negative Again in February
Following recent sell-offs, funding rates across exchanges have turned negative, reflecting increased short positions and cautious market sentiment. During the price plunge, soaring negative funding rates indicated heavy shorting near the $60,000 level. Historically, if prices stabilize and rebound, persistent negative funding could trigger short squeezes. According to Coinglass data, on February 25, the total liquidation was $698 million, with $588.6 million from shorts. Notably, this was the first time in over a month and a half that short liquidations exceeded longs since January 13.
Currently, funding remains mildly negative rather than extremely so, suggesting that while bearish sentiment has intensified, the market has not yet reached a collapse point. Prices are hovering near support levels, with funding below neutral, indicating a fragile balance. If Bitcoin stays above $60,000, elevated short positions could push prices higher via a rebound. Conversely, increasing downward pressure could deepen negative funding, reinforcing the bearish trend.
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High-Frequency Quant Giant Jane Street Accused of Insider Trading
Recently, a current employee at Jane Street was accused of using non-public information obtained from a former internship to execute trades, allegedly helping the firm avoid hundreds of millions in losses and triggering market reactions that caused sharp declines in certain assets. Jane Street faces significant legal pressure. The complaint alleges that Jane Street used private communication channels with Terra insiders to learn about the liquidity withdrawal plan for TerraUSD (UST) in advance, and before the news was public, withdrew $85 million in UST from the Curve 3pool. This was the largest withdrawal in the pool’s history, and the lawsuit claims it accelerated the stablecoin’s de-pegging and the ecosystem’s collapse.
The core of the lawsuit is not about using automated algorithms to predict market moves but about obtaining and acting on specific internal plans (like withdrawals) through non-public channels—closer to insider trading than high-frequency arbitrage. Such lawsuits could also prompt a reevaluation of legal definitions regarding access to non-public or “private” information by market participants. If courts find these actions constitute insider trading, it could set a stricter precedent for future regulation.
References:
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Disclaimer
Investing in cryptocurrencies involves high risk. Users are advised to conduct independent research and fully understand the assets and products they purchase before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.
