hodler

9 Feb 2026, 20:24

SUI Technical Analysis 9 February 2026: Support Resistance Levels

SUI is squeezed between the 0.9642$ support and 0.9711$ resistance at the 0.97$ level. Critical support at 0.7881$, resistances show strong confluence in the 1.1323$-1.4051$ range.

9 Feb 2026, 20:20

Bitcoin Miner Activity Hits Highest Level Since 2024 with 90K BTC Sent to Binance

Bitcoin miners have sent more than 90,000 BTC to Binance since early February, pushing miner exchange inflows to their highest level since 2024, according to on-chain data shared by Arab Chain. The rise in deposits comes during a period of heavy price swings and stressed investor sentiment, adding to short-term sell-side pressure even as other large holders moved in the opposite direction. Miner Selling Rises as Volatility Shakes the Market Data cited by Arab Chain shows miner activity picking up immediately after the start of February, with one day alone recording deposits of over 24,000 BTC to Binance. Such transfers often reflect miners converting part of their holdings to cover operating costs or lock in profits during volatile conditions, making these flows a gauge of potential sell-side supply. The timing is notable, as Bitcoin experienced a steep correction last week that briefly pushed prices below $60,000 for the first time since October 2024, extending a drawdown of more than 50% from the last all-time high, according to analysis posted by Darkfost. During that window, nearly 241,000 BTC flowed into exchanges across the market, with Binance seeing especially heavy activity from short-term holders. Darkfost described these flows as consistent with capitulation, particularly among investors reacting to rapid losses. Retail behavior also shifted, with Darkfost noting that holders with less than 1 BTC, often referred to as “shrimps,” heavily increased transfers to Binance after the sell-off. On February 5, their daily inflows topped 1,000 BTC, far above the monthly average of around 365 BTC. However, that spike eased as prices stabilized, suggesting selling pressure from this group faded once Bitcoin recovered above $70,000. Whales Accumulate as Price Steadies Near $70,000 While miners and smaller holders sent coins to exchanges, large holders took the opposite approach. Analyst CW8900 reported on February 8 that whales accumulated aggressively during the drop, with nearly 67,000 BTC moving into long-term accumulator addresses in a single day, the largest such inflow of this cycle. Price action since then reflects that tug-of-war, with Bitcoin now trading at just over $70,000 per CoinGecko, a figure that is up about 1% on the day but still down nearly 8% over the past week and more than 22% in the last 30 days. The rebound followed a sharp fall from the mid-$80,000 range, part of a broader slide that erased gains made after the U.S. election and dragged major altcoins down by double digits. Sentiment remains fragile, a state highlighted by the Bitcoin Fear and Greed Index, which fell to its lowest reading since 2019, even after prices bounced from the lows. As things stand, elevated miner inflows point to ongoing supply hitting the market, while whale accumulation and reduced retail selling suggest that selling pressure is no longer one-sided, with BTC attempting to hold above $70,000. The post Bitcoin Miner Activity Hits Highest Level Since 2024 with 90K BTC Sent to Binance appeared first on CryptoPotato .

9 Feb 2026, 20:10

NFN8 Group Inc. files for Chapter 11 bankruptcy protection

Bitcoin mining operator NFN8 Group Inc. and its subsidiaries have gone down the dreaded path of formally filing for Chapter 11 bankruptcy. The company seeks court protection from creditors after running into financial challenges due to a fire outbreak at its Texas facility. NFN8 made the Chapter 11 filing in the U.S. Bankruptcy Court for the Western District of Texas. This move comes as a shock to many who have witnessed the company’s rapid growth in recent years. Fire, leases, and increased pressure on mining margins NFN8’s bankruptcy filing can be traced to multiple events over the past year. Beginning with the fire outbreak at its leased facility in Crystal City, Texas, which cut mining capacity by a little over 50%. The fire incident happened at, perhaps, the worst of times for NFN8; a period where global mining profitability was dwindling due to compressed hashprice – a measure of mining revenue per unit of computational power – following the April 2024 Bitcoin halving. NFN8’s operational model (a sale-leaseback equipment financing program involving more than 250 counterparties) became unsustainable after a major dip in revenue. Also, the company’s ongoing legal & tax issues have added more strain on its finances. To keep its head above water, NFN8 secured $2.75 million in debtor-in-possession financing from Twelve Bridge Capital LLC to keep essential operations running during the court-supervised sale of assets. At its peak, NFN8 operated over 5,000 Bitcoin mining machines in Texas and Iowa as the industry expanded in the late 2010s and early 2020s. The company had to fight through periods of uncertainty when Core Scientific , a key hosting partner, went bankrupt in 2022. However, the combo of catastrophic events and lower hashprice finally brought NFN8 to its knees. What’s next for NFN8? NFN8’s filing will look to preserve whatever value is left in the company while ensuring an orderly process of liquidation, which aims to preserve value and avoid disorderly liquidation. The process involves marketing the company’s assets to prospective bidders, with the hope of getting the best return for stakeholders. What does this mean for Bitcoin mining profitability? Looking across the industry, NFN8’s situation simply reflects the growing trend of lower rewards for miners, causing miners to depend more on Bitcoin’s market price and transaction fees to cover operational costs. All of this can be traced back to the April 2024 block subsidy halving, which cut rewards from 6.25 BTC per block to 3.125 BTC. Also, hashprice has fallen to a historically low figure of $33 per petahash per day over the last couple of months, adding even more pressure on miners However, it can be argued that bankruptcies such as NFN8’s actually bode well for the larger mining ecosystem. Because it helps move assets from so-called “weaker” operators into the hands of more efficient operators. While there has been an 11% difficulty drop in mining recently, it still costs around $87,000 to mine one Bitcoin, and transaction fees as a share of miner revenue fell from 7% to 1% after 2024, making the broader picture look rather bleak. The smartest crypto minds already read our newsletter. Want in? Join them .

9 Feb 2026, 20:10

Bitcoin Soars: BTC Price Surges Above $71,000 in Major Market Rally

BitcoinWorld Bitcoin Soars: BTC Price Surges Above $71,000 in Major Market Rally In a significant development for digital asset markets, the Bitcoin price has surged above the $71,000 threshold, trading at $71,011.5 on the Binance USDT market as of May 15, 2025. This move represents a pivotal moment for the flagship cryptocurrency, reigniting discussions about its long-term trajectory and current market dynamics. Consequently, analysts are scrutinizing the factors behind this rally, which follows a period of notable consolidation. Bitcoin Price Breaches Key Psychological Barrier Market data from Bitcoin World confirms the BTC price ascent past $71,000. This level acts as a crucial psychological barrier for traders and a key technical resistance point on many charts. Historically, breaking such round-number levels has often preceded extended bullish momentum, although past performance never guarantees future results. The trading volume on major exchanges like Binance has correspondingly increased, indicating strong institutional and retail participation in this move. Several immediate catalysts are contributing to this price action. Firstly, recent macroeconomic data suggests shifting investor sentiment towards alternative stores of value. Secondly, continued adoption by traditional finance entities provides a foundational support level. Finally, the upcoming Bitcoin halving cycle remains a central narrative influencing long-term holder behavior. Technical Breakout: The price move confirms a breakout from a multi-week trading range. Market Sentiment: The Crypto Fear & Greed Index has shifted into “Greed” territory. Institutional Flow: Spot Bitcoin ETF products have seen consistent net inflows. Analyzing the Drivers Behind the Cryptocurrency Rally Understanding the surge requires examining broader financial conditions. Global liquidity measures and interest rate expectations from major central banks significantly impact risk assets like Bitcoin. Furthermore, geopolitical tensions often increase demand for decentralized, censorship-resistant assets. The current rally appears correlated with specific regulatory clarifications in several jurisdictions, reducing uncertainty for large investors. On-chain analytics provide deeper insights beyond simple price movements. Metrics such as Exchange Net Flow, which tracks movements to and from trading platforms, show a trend of accumulation. Similarly, the number of addresses holding non-zero balances continues to reach new all-time highs, signaling network growth. These fundamental indicators often provide context for price volatility. Recent Bitcoin Price Milestones (2024-2025) Date Price Milestone Primary Market Catalyst March 2024 All-Time High (~$73,800) Spot ETF Launch in the US Q4 2024 Consolidation (~$60,000-$68,000) Macro Uncertainty & Profit-Taking May 2025 Break Above $71,000 Institutional Adoption & Macro Shifts Expert Perspectives on Sustainable Growth Market analysts emphasize the importance of sustainable volume and developer activity for long-term value. While price discovery is exciting, the underlying health of the Bitcoin network—measured by hash rate and security—remains paramount. Experts from firms like Fidelity Digital Assets and CoinShares often reference these fundamentals in their quarterly reports. Their analysis typically focuses on Bitcoin’s evolving role within a diversified portfolio rather than short-term speculation. The current infrastructure supporting Bitcoin, including custody solutions and regulated derivatives markets, is more robust than in previous cycles. This maturation potentially reduces extreme volatility and attracts a different class of investor. Regulatory frameworks, though still evolving, are providing clearer guidelines in major economies like the EU with MiCA and the UK’s evolving crypto asset regime. Historical Context and Future Trajectory Bitcoin’s journey to this price point follows a predictable yet volatile pattern of boom and bust cycles. Each cycle has seen higher lows and a expanding user base. The asset’s fixed supply of 21 million coins creates a unique economic model that contrasts sharply with traditional fiat currencies. This scarcity is a fundamental tenet of its value proposition, especially during periods of monetary expansion by governments. Looking forward, several key events could influence the trajectory. The next Bitcoin halving, expected in 2028, will again reduce the block reward for miners. Network upgrades, such as those improving privacy or scalability through layers like the Lightning Network, could enhance utility. Moreover, integration with traditional payment rails and central bank digital currency (CBDC) experiments may create new use cases and demand drivers. Conclusion The Bitcoin price surpassing $71,000 marks a significant moment in the ongoing evolution of cryptocurrency markets. This movement reflects a complex interplay of technical factors, macroeconomic trends, and deepening institutional adoption. While short-term volatility remains a hallmark of the asset class, the breakthrough underscores Bitcoin’s persistent resilience and growing integration into the global financial system. Observers will now watch for a sustained hold above this level as a potential indicator of the next phase of market development. FAQs Q1: What does Bitcoin trading above $71,000 mean for the market? It represents a break above a major resistance level, often interpreted as a bullish signal that can attract more buying interest and validate the current uptrend for technical traders. Q2: How does the current price compare to Bitcoin’s all-time high? The current price of approximately $71,011 is slightly below the all-time high of around $73,800 set in March 2024. The asset is therefore in a phase of testing previous peak valuations. Q3: What are the main factors pushing the Bitcoin price higher? Key drivers include institutional investment via ETFs, favorable macroeconomic conditions for hard assets, positive regulatory developments, and the inherent supply scarcity due to its fixed issuance schedule. Q4: Is now a good time to invest in Bitcoin? Investment decisions depend entirely on individual financial goals, risk tolerance, and time horizon. Bitcoin is a highly volatile asset, and potential investors should conduct thorough research and consider consulting a financial advisor. Q5: Could the price fall back below $70,000? Yes, cryptocurrency markets are notoriously volatile. Retesting previous resistance levels, which then become support, is a common technical phenomenon. Prices can fluctuate significantly based on news, macro data, and market sentiment. This post Bitcoin Soars: BTC Price Surges Above $71,000 in Major Market Rally first appeared on BitcoinWorld .

9 Feb 2026, 20:07

XRP Displays 2021-Style Capitulation

XRP has officially entered a "capitulation" phase as the asset’s price fell below the aggregate holder cost basis.

9 Feb 2026, 20:06

Solana Treasury Firm Solmate Scraps RockawayX Merger, Prioritizes Capital Efficiency

Solana Treasury firm Solmate has shifted its growth strategy as market conditions continue to pressure digital asset infrastructure firms. The Nasdaq-listed Solana infrastructure firm said it will not proceed with a planned merger with RockawayX. Instead, the company will continue working with RockawayX through a strategic partnership. The decision signals a clear shift toward capital efficiency as asset prices remain depressed. Solmate holds more than 1.2 million SOL and operates with a strong focus on the Abu Dhabi market. Merger Dropped as Market Conditions Shift According to the press release , Solmate said the original merger terms no longer fit current realities. CEO Marco Santori said, “Market conditions have changed dramatically since we negotiated the deal with RockawayX.” He added, “Assets are discounted, acquisition targets today are more plentiful, and we are in a capital position to take advantage of the opportunity.” Consequently, Solmate opted to avoid dilution and preserve balance sheet strength. Santori also said, “Moving forward as independent companies allows Solmate to remain lean, without the friction of a complex integration.” The company believes independence offers faster execution as valuations reset across the sector. Strategic Partnership Remains Central However, the end of merger talks does not end cooperation. RockawayX remains a major investor and strategic partner. Additionally, RockawayX CEO Viktor Fischer will continue serving on Solmate’s board. The firms will jointly operate bare metal validators in the UAE. This setup supports exchanges and trading firms that rely on low-latency execution. Significantly, Solmate captures all staking rewards under the current model. At the same time, it limits operational and technical risk. Hence, management views the partnership as a scalable template for regional expansion. Fischer said, “We retain high conviction in Solmate’s long-term value.” He also said, “We are confident that we can jointly achieve those objectives without combining our entities.” Solana Price Weakness Frames the Backdrop Moreover, Solana’s market performance adds context to the decision. SOL traded at $88, down 0.68% over 24 hours and 15.8% over seven days . Market capitalization stood near $49.6 billion. According to Man of Bitcoin, the price held wave-four support and reacted from the 100% Fibonacci retracement. As long as SOL stays above $61.64, the analyst sees room for a wave-five advance. Resistance sits between $141 and $215.