Invest ideasNews
24 Feb 2026, 09:40
Bitcoin Faces Turbulence: Binance Supply Hits November 2024 Highs
Bitcoin Supply on Binance Hits Highest Level Since November 2024: Market Implications Leading on-chain analytics firm Coin Bureau reports that Bitcoin reserves on Binance have surged to their highest level since November 2024. CryptoQuant data shows this spike reflects a major BTC inflow , signaling increased sell-side liquidity and potential market volatility. This development is significant because Bitcoin exchange balances often serve as a barometer of market sentiment. Large inflows to exchanges typically signal potential selling pressure, as holders look to secure profits or respond to short-term price swings. Conversely, declining balances suggest accumulation, with investors moving BTC to private wallets for long-term storage. Amid this development, “Bitcoin is dead” searches have surged to post-FTX highs, even as BTC holds key support amid $70M in liquidations and ongoing ETF outflows, highlighting a tense market poised between fear and resilience. According to CoinCodex data, Bitcoin is presently trading at $63,285, with rising exchange balances hinting at potential selling pressure as traders lock in gains. Historically, surges in exchange-held BTC often precede short-term pullbacks, though overall market trends may moderate the impact. Bitcoin Surge on Binance Signals Rising Sell-Side Liquidity Amid Potential Volatility The surge in Bitcoin supply on Binance hints at potential volatility but doesn’t guarantee an immediate drop because crypto markets remain sensitive to macroeconomic news, regulatory updates, and investor sentiment. Meanwhile, BTC recently slipped below the psychological price of $65K as over $360M in leveraged positions are liquidated, dragging ETH and SOL lower amid tariff tensions and sudden market sell-offs. Well, the recent surge of Bitcoin inflows highlights Binance’s pivotal role as a global crypto hub. As one of the largest exchanges by volume, any significant movement onto Binance can ripple across the market, affecting liquidity, spreads, and overall trading behavior. Bitcoin deposits on Binance have now reached levels not seen since November 2024, signaling that sell-side liquidity is entering the market. While short-term price action remains uncertain, monitoring exchange balances and market sentiment is crucial. Conclusion Bitcoin’s surge on Binance to its highest level since November 2024 highlights a sharp increase in sell-side liquidity. While not a guaranteed price reversal, it suggests traders are positioning for potential market moves. Monitoring exchange balances and on-chain metrics is key, as such flows often precede heightened volatility. Staying aware of these dynamics helps investors navigate short-term swings while preparing for broader trends.
24 Feb 2026, 09:40
XRP Releases Update Deprecating Batch, Provides Guidance for Node Operators
A new XRP Ledger software version has been released, alongside an upcoming devnet reset.
24 Feb 2026, 09:39
The ‘Digital Gold’ Narrative Fails Bitcoin (Again)
Bitcoin is not in its ‘digital gold’ period, asserted the CEO and founder of the analytics company CryptoQuant. He based his conclusion on the fact that the correlation between the largest cryptocurrency and the biggest precious metal has diverged massively in the past several months. Bitcoin is in a “not digital gold” period. pic.twitter.com/ka90HG8zmx — Ki Young Ju (@ki_young_ju) February 24, 2026 When we examine the price performance of bitcoin and gold more closely, we can clearly see where this difference comes from. The correlation between the two was mostly in the green between 2022 and mid-2024. Then, they broke out, going into red territory for the first time in years during and after the US presidential elections at the end of 2024. BTC skyrocketed to new peaks, while gold trailed behind. Once the precious metal started to catch up, the correlation jumped to and over 0.5 by Q3 and early Q4 of 2025. However, that’s when the entire landscape in crypto broke, while the precious metal market continued to blossom. Bitcoin experienced one of its most painful daily corrections on October 10 that altered the industry’s fabric. In a 24-hour period, the entire market collapsed, leaving more than $19 billion in liquidations. Since then, the asset has not only been unable to recover to the previous heights, but it has continuously declined in value, dropping to $63,000 as of press time. In other words, it sits 50% away from its peak. In contrast, gold’s price tapped a new all-time high at $5,600 at the end of January, and, besides its instant and untypical crash to $4,400, has been mostly sitting around and above $5,000. It now trades 30% above its October 10 price of $4,000, and its market cap is north of $36.1 trillion. This means the difference between the two is roughly 30x in terms of market cap. The post The ‘Digital Gold’ Narrative Fails Bitcoin (Again) appeared first on CryptoPotato .
24 Feb 2026, 09:35
Coinbase USDC revenue could 7x as payments grow, Bloomberg says
Bloomberg Intelligence says Coinbase’s USDC revenues could jump as much as sevenfold, as Congress weighs a ban on stablecoin rewards that could reshape how that money is earned.
24 Feb 2026, 09:35
XRP Could Follow One of Three Paths from Here Based on the 44 EMA
Data analysis indicates that XRP could follow one of three possible paths from here, depending on how it interacts with the 44 EMA. XRP has remained under pressure along with the wider crypto market, wiping out $136 billion in market value since its peak in July 2025. Visit Website
24 Feb 2026, 09:30
Engie Eyes Bitcoin Mining to Address Solar‑Power Curtailment in Brazil
The energy conglomerate is considering adding local power demand, in the form of bitcoin mining or storage systems, for its largest solar farm in Brazil, Assu Sol, located in the east. This would help the complex use the energy that the local power grid cannot absorb. Engie Mulls Starting Bitcoin Mining Operations to Leverage Curtailed
