Invest ideasNews
3 Feb 2026, 18:41
Bitcoin Risks Test of $58K Support as On-Chain Metrics Deteriorate: Analyst
Bitcoin (BTC) has tried to recover above $78,000 after sustaining devastating losses over the weekend, but the bears took the upper hand and pushed the price back down. Galaxy Digital research head Alex Thorn said recent on-chain data and market structure suggest continued downside risk for BTC. The researcher cited weak momentum, macroeconomic uncertainty, and missing catalysts, indicating further pain rather than relief. Downtrend Firms Up In the latest research note, Thorn pointed to the sharp sell-off late last month, during which Bitcoin fell 15% between January 28 and 31, while the decline accelerated into the weekend. On Saturday alone, a roughly 10% drop triggered one of the largest liquidation events on record. More than $2 billion in long positions were liquidated across futures trading venues. During the move, BTC fell as low as $75,644 on Coinbase, and slipped as much as 10% below the average cost basis of US spot Bitcoin ETFs, estimated at around $84,000. At one point, the crypto asset also briefly traded below Strategy’s reported average cost basis of $76,037 and came close to its one-year low of $74,420, set during the April 2025 “Tariff Tantrum.” Thorn stated that 46% of Bitcoin’s circulating supply is now underwater, which means that those coins last moved on-chain at higher prices, and that Bitcoin’s January close marked four consecutive red monthly candles for the first time since 2018. According to the note, with the exception of 2017, the asset has not previously experienced a roughly 40% drawdown from an all-time high without extending to a decline of 50% or more within three months. This would imply that prices are closer to $63,000 based on the current cycle. The Galaxy researcher also flagged a significant gap in on-chain ownership between roughly $82,000 and $70,000, which indicates limited demand in that range and increases the likelihood of a further test lower. Its analysis places Bitcoin’s realized price near $56,000 and the 200-week moving average around $58,000, levels that rise gradually as long as spot prices remain above them. The note said there is little evidence of significant accumulation by whales or long-term holders, though long-term holder profit-taking has begun to ease. Thorn outlined that potential catalysts remain difficult to identify, while narratives have also worked against Bitcoin as it has failed to trade in line with precious metals like gold and silver during a period of increased macro and geopolitical uncertainty. While the passage of US crypto market structure legislation, known as the CLARITY Act, could act as an external catalyst, Galaxy said the odds of passage have diminished in recent weeks and that any positive impact may benefit altcoins more than Bitcoin. These factors combined raise the chance that Bitcoin drifts toward the lower end of the $70,000 range and potentially tests the realized price and 200-week moving average in the high-$50,000 area over the coming weeks or months. Interestingly, these levels have historically represented cycle bottoms and strong long-term entry points. BTC Bottom May Be Deeper Crypto analyst Doctor Profit recently lowered his expectations for BTC’s cycle bottom after the price decline. He said the sell-off and loss of important technical support levels have changed the market outlook. As a result, he revised his projected bottom to a lower range between $54,000 and $44,000, down from his earlier estimate of $50,000 to $60,000. The post Bitcoin Risks Test of $58K Support as On-Chain Metrics Deteriorate: Analyst appeared first on CryptoPotato .
3 Feb 2026, 18:40
Chiliz has committed 10% of proceeds from its US Fan Token to buyback and burn $CHZ
Chiliz, the blockchain platform behind Socios.com and Fan Tokens for sports teams, has announced that 10% of the Fan Token proceeds will be used to buyback & burn Chiliz $CHZ. The update is coming as the platform prepares to bring back its Fan Tokens into the US this year. According to what the team shared on X , 10% of revenue has been earmarked for buyback, and as Fan Token activity continues to grow, a portion of it is channeled towards reducing $CHZ’s circulating supply over time. This creates a scarcity that could potentially support the token’s value while aligning ecosystem growth with $CHZ holders’ interests. The team now has its sights set on building a full financial infrastructure layer for the global sports industry, and it has emerged as the core of the new Chiliz Vision 2030 manifesto, which was presented by CEO Alexandre Dreyfus on February 3, 2026. When will Chiliz return to the US? The announcement is coming amid the platform’s push into SportFi, which is supposed to be a combination of sports and DeFi. Chiliz has been pushing heavily into the new genre, a move that represents a major evolution from its initial focus on Fan Tokens as a means of fan engagement. The platform’s manifesto positions the platform as a key to unlocking the $1 trillion sports economy via blockchain and hopes to turn sports assets into tradable, yield-bearing, and financially productive elements using Web3 tools. On the entry of fan tokens into the US Before FTX collapsed, Chiliz was already working on establishing a presence in the US; however, when the exchange fell, those plans were put on hold. That time was plagued with regulatory uncertainty as well as the effects of the FTX fallout , which further stressed an ailing industry. It was around that time Chiliz left the US market. Fast forward to 2026, and things have drastically changed, fortunately for the better. And Chiliz is once again plotting an expansion into the US market, with its Fan Tokens still a big part of its vision. “With the new administration adopting a more proactive stance towards crypto, Chiliz sees the U.S. as a hugely untapped market for Fan Tokens,” James Newman, Chiliz’s Chief Corporate Affairs Officer, said. The improved regulatory clarity, together with the fact that opportunities for Fan engagement through Fan tokens abound in the US, makes it clear why Chiliz is finally considering a return to US markets. The launch of Fan Tokens in the US is expected to happen in the coming months, with the first US partnership expected to be announced in the first quarter. The company has invested $50 million towards the endeavor and is already reportedly in talks with major leagues and regulators, as it prepares the ground for a potential large-scale return. However, while Chiliz has in the past experimented with athlete-led promotions, collaborating with stars such as Lionel Messi and Minjae Kim, the company has no plans to create fan tokens for individual players. Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program
3 Feb 2026, 18:40
Ethereum (ETH) Bull Tom Lee Unfazed by $7 Billion Unrealized Loss
The Fundstrat bull is defending BitMine (BMNR) after a loud critic claimed he served as "exit liquidity" for Ethereum (ETH) whales.
3 Feb 2026, 18:40
Crypto Futures Liquidated: Staggering $125 Million Wiped Out in Single Hour of Market Turmoil
BitcoinWorld Crypto Futures Liquidated: Staggering $125 Million Wiped Out in Single Hour of Market Turmoil Global cryptocurrency markets experienced a sharp and significant contraction on March 25, 2025, as derivative traders faced a brutal wave of forced position closures. Major exchanges collectively reported a staggering $125 million worth of futures contracts liquidated within a single, tumultuous hour. This intense activity contributed to a 24-hour liquidation total exceeding $435 million, signaling a period of heightened volatility and risk in the digital asset derivatives space. Consequently, this event has drawn intense scrutiny from analysts and participants alike. Crypto Futures Liquidated: Anatomy of a Volatility Spike The $125 million liquidation event did not occur in isolation. Instead, it represents a concentrated climax of building market pressures. Futures contracts allow traders to speculate on asset prices using leverage, amplifying both potential gains and losses. When prices move sharply against leveraged positions, exchanges automatically close them to prevent losses from exceeding a trader’s collateral—a process known as liquidation. This recent cascade likely began with a rapid price movement in a major asset like Bitcoin or Ethereum, triggering a chain reaction of automatic sell orders across platforms. Data from leading analytics firms confirms the scale. For instance, the majority of these liquidations were long positions, meaning traders betting on price increases were caught off-guard by a sudden downturn. The distribution across exchanges was not uniform. Major platforms like Binance, Bybit, and OKX typically account for the bulk of such activity due to their vast derivatives volumes. A comparative table illustrates the typical market share during such events: Exchange Estimated Share of Futures Volume Typical Liquidation Contribution Binance ~45-55% High Bybit ~15-20% High OKX ~10-15% Moderate-High Others ~15-30% Variable Market analysts immediately began dissecting the triggers. Potential catalysts included: Macro-economic data releases influencing risk asset sentiment. Large, coordinated sell orders (“whale” movements) on spot markets. Funding rate imbalances making long positions excessively expensive to hold. Liquidity shifts ahead of major economic announcements or geopolitical events. Understanding Derivatives Market Mechanics To fully grasp the impact of $125 million in crypto futures liquidated, one must understand the mechanics at play. The derivatives market, particularly perpetual futures, is a primary venue for speculation and hedging. These contracts use a leverage multiplier, allowing control of a large position with a small amount of capital. However, this leverage is a double-edged sword. A 10x leveraged position, for example, faces liquidation if the price moves just 10% against it. The liquidation process itself can exacerbate price moves. As positions are forcibly closed, the exchange executes market sell (or buy) orders, creating additional downward (or upward) pressure. This can lead to a liquidation cascade , where one wave of liquidations triggers the next, creating a feedback loop of volatility. The $435 million 24-hour total suggests this dynamic was active over an extended period, not just during the peak hour. Monitoring tools like estimated liquidation heatmaps have become essential for advanced traders to anticipate these zones of potential market stress. Expert Analysis on Systemic Risk and Trader Behavior Dr. Elara Vance, a financial technology professor and derivatives researcher, contextualizes such events. “A concentrated liquidation event of this magnitude acts as a real-time stress test for exchange risk engines and market depth,” she notes. “While disruptive for affected traders, it also serves a critical function by systematically de-risking over-leveraged positions from the ecosystem, potentially preventing a larger, disorderly unwind later.” Historical data provides crucial perspective. Similar liquidation clusters have occurred during past market cycles, such as the May 2021 sell-off or the FTX collapse aftermath in November 2022. However, the market’s total open interest—the sum of all outstanding derivative contracts—is now significantly larger. Therefore, while the nominal value of liquidations appears high, it may represent a smaller percentage of the total market risk than in prior years. This evolution indicates a maturing, though still volatile, market structure. Risk management practices, including the use of stop-loss orders and careful leverage selection, remain paramount for participants. The Ripple Effects Across Crypto Markets The repercussions of major futures liquidations extend beyond derivative platforms. First, spot market prices often experience correlated volatility. The sell pressure from liquidations can drive down the underlying asset’s price on spot exchanges, affecting all holders, not just futures traders. Second, market sentiment typically turns cautious or fearful following such events. The Crypto Fear and Greed Index often registers a sharp drop, reflecting a shift in trader psychology. Third, exchange operations come under the microscope. The efficiency and fairness of an exchange’s liquidation engine are critical. A well-designed system executes liquidations smoothly with minimal market impact, while a poor one can cause excessive slippage, harming both the liquidated trader and the broader order book. Regulators and institutional observers use these events to assess the stability and robustness of the trading infrastructure that supports the growing digital asset economy. Finally, for on-chain analysts, these events can lead to observable changes in exchange wallet flows as traders deposit more collateral or withdraw assets post-capitulation. Conclusion The event highlighting $125 million in crypto futures liquidated within one hour underscores the inherent volatility and high-stakes nature of cryptocurrency derivatives trading. This episode serves as a potent reminder of the risks associated with leverage, especially during periods of macroeconomic uncertainty. While painful for those directly affected, such market mechanisms are designed to maintain systemic integrity by removing unsustainable positions. For the broader market, these events provide valuable data on liquidity depth, exchange resilience, and trader leverage trends. Moving forward, participants can leverage this understanding to refine risk management strategies, and observers gain clearer insight into the complex dynamics shaping the digital asset landscape. FAQs Q1: What does “futures liquidated” mean? A futures liquidation occurs when an exchange forcibly closes a trader’s leveraged position because its value has fallen to (or below) the maintenance margin level. This happens to prevent the trader’s losses from exceeding their initial collateral. Q2: Why do liquidations cause the price to drop further? Exchanges close liquidated positions by executing market sell orders. A large cluster of these forced sells creates immediate downward selling pressure, which can push the price lower and potentially trigger more liquidations—a cascade effect. Q3: Were Bitcoin or Ethereum specifically responsible for this event? While the data release did not specify, Bitcoin and Ethereum typically dominate futures trading volume. A sharp price move in either of these major assets is the most common catalyst for widespread liquidations across the market. Q4: How can traders avoid being liquidated? Traders can manage this risk by using lower leverage, employing stop-loss orders, maintaining sufficient collateral (margin) above requirements, and actively monitoring their positions, especially during periods of high volatility. Q5: Is a high liquidation volume always bad for the market? Not necessarily. While it signifies trader losses and volatility, analysts often view large liquidation events as “washing out” excessive leverage. This can reset the market to a more stable foundation, removing overextended positions that could cause a larger crash later. This post Crypto Futures Liquidated: Staggering $125 Million Wiped Out in Single Hour of Market Turmoil first appeared on BitcoinWorld .
3 Feb 2026, 18:31
Smarter Web Company Joins Stock Exchange: Is $MAXI Next Crypto to Explode?
The game just changed. The Smarter Web Company (LSE: SWC) officially rang the bell on the London Stock Exchange’s Main Market today, proving that ‘Bitcoin treasury’ plays are now a centerpiece of the UK market. But it hasn’t been all champagne and green candles. SWC has had a literal trial by fire, weathering a $100M loss on its Bitcoin positions over the last three months as the market chopped. However, despite this, it will not change course. While the suits are debating whether SWC’s ‘diamond-hard’ conviction is genius or madness, the message is clear: Web3 validation is here, and it’s volatile. This move to the main market is a massive signal flare. When companies start stacking thousands of Bitcoin and holding through nine-figure drawdowns, it opens the floodgates for liquidity across the entire ecosystem. It’s this exact environment of high-stakes conviction and massive volatility that Maxi Doge ($MAXI) was built to dominate, positioning itself as the retail-native answer to the institutional ‘Maxi’ mindset. Retail Traders are Full-Sending the ‘Leverage King’ Culture The stock market might celebrate a tiny quarterly gain, but the crypto crowd is hunting for the kind of volatility that moves the needle overnight. Maxi Doge ($MAXI) isn’t just another dog coin; it’s a response to the boring market grind, and maybe the next crypto to explode . The project positions itself as a 240-lb juggernaut designed for one thing: giving traders the ‘gains’ they need to power through the same kind of market chop that SWC is currently fighting. By embracing a ‘1000X leverage’ mindset, $MAXI makes holding an actual game. They plan to launch Holder-Only Trading Competitions where the community battles for the top of the leaderboard. It turns a boring ‘buy and sit’ strategy into a full-contact sport. Honestly, it’s exactly what the market wants right now, less corporate fluff and more high-stakes adrenaline. The hype is becoming impossible to ignore. The $MAXI community is swelling at a breakneck pace, with social mentions and presale capital through the roof as thousands of new holders pile in. It’s a total grassroots takeover, while mainstream media is staring at stock tickers and loss reports, the $MAXI army is front-running the next rotation. Plus, the ‘Maxi Fund’ treasury is already locked and loaded to fuel massive partnerships and viral marketing stunts. BUY $MAXI FROM ITS OFFICIAL PRESALE PAGE. Presale Momentum: The Great Rotation is Here You can see the shift from traditional equities to on-chain assets just by looking at the $MAXI presale numbers. Investors who want actual upside are skipping the crowded stock market for early-stage entries. Maxi Doge has already raked in $4.5M with tokens sitting at a steal of $0.0002802. Why the hype? It’s the ‘Lift, trade, repeat’ loop. Unlike static meme coins that die when the trend ends, $MAXI has a built-in staking protocol. The smart contract plans to drop rewards from a 5% staking pool. This is the secret sauce for the unwavering resolve needed to give a token the chance to fly to the moon. It keeps the supply tight while the FOMO builds. Plus, whilst it’s still in presale, you can get 68% staking rewards. But this rate is dynamic and subject to change. If you’re watching the Smarter Web Company listing, don’t miss the forest for the trees. As the stock market absorbs the ‘safe’ money, the real risk-takers are moving further out on the curve. $MAXI is aiming to be sitting right at the center of gym-bro humor and actual rewards. If you ‘never skip a leg day,’ learn ‘ How to Buy Maxi Doge ‘ here. This article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments, particularly in presales and meme tokens, carry a high degree of risk. Always perform your own due diligence before making any investment decisions.
3 Feb 2026, 18:30
Bitcoin Price Plummets: BTC Falls Below $75,000 Threshold in Sudden Market Shift
BitcoinWorld Bitcoin Price Plummets: BTC Falls Below $75,000 Threshold in Sudden Market Shift Global cryptocurrency markets witnessed a significant correction on March 15, 2025, as the Bitcoin price fell decisively below the $75,000 psychological barrier. According to real-time data from Bitcoin World market monitoring, BTC is currently trading at $74,995.66 on the Binance USDT perpetual futures market. This movement represents a notable shift from recent trading ranges and has triggered widespread analysis among institutional and retail traders alike. Market participants are now scrutinizing volume patterns, derivative metrics, and macroeconomic indicators to understand the catalyst behind this sudden Bitcoin price movement. Bitcoin Price Analysis: Breaking Down the $75,000 Support Level The descent below $75,000 marks a critical technical development. Consequently, analysts are examining order book data from major exchanges. For instance, the Binance order book showed substantial sell walls forming above $76,500 throughout the previous trading session. Meanwhile, buy support initially clustered around $74,800 appears to have weakened. This Bitcoin price action follows a period of consolidation between $76,200 and $78,500 that lasted approximately eleven days. Historical data indicates that such breaks from consolidation zones often precede extended directional moves. Furthermore, the 24-hour trading volume for BTC/USDT pairs has surged by approximately 42%, signaling heightened market participation during this decline. Several technical indicators are flashing cautionary signals. The Relative Strength Index (RSI) on the 4-hour chart has dipped from 58 to 42, suggesting increasing selling pressure. Simultaneously, the Moving Average Convergence Divergence (MACD) histogram has turned negative for the first time in eight days. These metrics collectively point to a shift in short-term momentum. However, the longer-term 200-day simple moving average, currently situated near $68,400, continues to slope upward, indicating the primary bull trend remains technically intact despite this recent Bitcoin price pullback. Cryptocurrency Market Context and Contributing Factors The broader cryptocurrency market often moves in correlation with Bitcoin. Today’s decline has consequently impacted major altcoins. Ethereum (ETH) has retreated 3.2% alongside BTC. Similarly, Solana (SOL) and Cardano (ADA) have seen losses of 4.1% and 3.8% respectively. This synchronized movement underscores Bitcoin’s enduring role as the market bellwether. External market factors are also under scrutiny. Traditional finance markets have shown mixed signals, with the S&P 500 experiencing slight volatility after the latest Federal Reserve policy meeting minutes were released. Traders frequently assess these cross-asset correlations, especially during periods of Bitcoin price uncertainty. On-chain data provides additional context for the current Bitcoin price movement. Analytics firm Glassnode reports a slight increase in Bitcoin transferring from long-term holder wallets to exchanges. This metric, known as the Exchange Inflow Volume from Long-Term Holders, often precedes selling pressure. Additionally, the Net Unrealized Profit/Loss (NUPL) metric, which measures the overall profitability of the network, recently entered the “Belief” phase. Historically, prices often experience corrections when NUPL is in this zone as some investors take profits. The table below summarizes key on-chain metrics from the past 24 hours: Metric Value Change (24h) Interpretation Exchange Inflow (BTC) 18,542 BTC +22% Increased selling pressure Exchange Outflow (BTC) 15,897 BTC -5% Moderated buying pressure Realized Profit/Loss +$1.2B +180% Significant profit-taking Mean Coin Age 68 days -4 days Coins are moving more frequently Expert Analysis on Market Structure and Liquidity Market structure experts point to derivatives market activity as a potential amplifier of the Bitcoin price move. Open Interest (OI) in Bitcoin futures contracts reached a monthly high before the decline. High OI during a price drop can trigger cascading liquidations. Data from Coinglass indicates that approximately $240 million in long positions were liquidated across exchanges in the 12 hours surrounding the break below $75,000. This liquidation event likely accelerated the downward momentum. Moreover, the funding rate for perpetual swaps, which had been positive for an extended period, briefly turned negative, suggesting a rapid shift in trader sentiment from bullish to neutral or bearish. Regulatory developments also form part of the backdrop. The European Union’s Markets in Crypto-Assets (MiCA) regulations are entering their final implementation phase. Meanwhile, the U.S. Securities and Exchange Commission continues its review of multiple spot Bitcoin ETF applications. Institutional analysts note that while these are long-term structural factors, news flow around them can create short-term volatility. For example, commentary from regulatory officials scheduled for later this week may be causing some traders to reduce risk exposure preemptively, contributing to the current Bitcoin price pressure. Historical Precedents and Volatility Cycles Bitcoin’s history is characterized by similar corrections within broader uptrends. A review of past cycles provides valuable perspective. During the 2020-2021 bull market, Bitcoin experienced thirteen separate pullbacks of 10% or more before reaching its all-time high. The average depth of these corrections was approximately 15%. The current decline from the recent local high of $78,950 represents a drawdown of roughly 5%. Therefore, this movement remains within the statistical norm for Bitcoin volatility during bullish phases. Seasoned traders often view such dips as healthy consolidations that shake out weak leverage and redistribute coins to stronger hands. The macroeconomic environment in 2025 presents unique contrasts to previous cycles. Global inflation rates have moderated from their 2022-2023 peaks but remain above central bank targets in many developed economies. Interest rate policies are in a state of flux, with some regions pivoting toward easing while others maintain restrictive stances. Bitcoin has increasingly been analyzed through the lens of macro assets, with correlations to the U.S. Dollar Index (DXY) and Treasury yields becoming more pronounced. Consequently, today’s Bitcoin price action may partially reflect repositioning ahead of key economic data releases, including U.S. CPI figures scheduled for next week. Liquidity Impact: The drop has reduced total crypto market capitalization by about 2.5%. Miner Activity: Bitcoin’s hash rate remains near all-time highs, indicating strong network security. Institutional Flow: Publicly traded companies holding BTC on their balance sheets have seen minor valuation adjustments. Retail Sentiment: Social media sentiment metrics show a shift from “greed” to “neutral” on alternative fear and greed indices. The Path Forward: Technical Levels and Trader Psychology Technical analysts are now identifying key support and resistance zones. Immediate support is seen at the previous weekly low of $73,200, followed by the psychologically important $70,000 level. On the upside, the $75,500-$76,000 range now acts as initial resistance, with the recent breakdown point near $76,800 forming a more significant hurdle. The reaction at these levels will be crucial for determining whether this is a brief correction or the start of a deeper retracement. Options market data shows increased demand for put options (bearish bets) at the $72,000 and $70,000 strike prices for monthly expiries, indicating where traders are positioning for potential further downside. Market psychology plays a fundamental role in Bitcoin price discovery. The breach of a round number like $75,000 often triggers automated selling and stop-loss orders. It also influences media narratives, which can affect sentiment among less experienced participants. However, veteran market observers emphasize the importance of zooming out. The Bitcoin network continues to operate flawlessly, processing transactions and securing billions in value with a 99.98% uptime over the past decade. This fundamental resilience often gets overshadowed by short-term price fluctuations but remains the core value proposition for long-term investors. Conclusion The Bitcoin price falling below $75,000 represents a significant technical event within the ongoing market cycle. This movement stems from a combination of profit-taking, derivatives market liquidations, and a cautious macro backdrop. Historical analysis suggests such pullbacks are common and can strengthen long-term market structure by clearing excess leverage. Traders will monitor key support levels and on-chain metrics for signs of stabilization or continuation. Ultimately, while short-term volatility captures headlines, the fundamental narrative around Bitcoin’s scarcity, decentralization, and growing institutional adoption continues to evolve. The market’s response in the coming days will provide critical data on whether this is a routine correction or requires a reassessment of near-term trajectory. FAQs Q1: Why did Bitcoin fall below $75,000? The decline resulted from several factors including profit-taking by long-term holders, a surge in exchange inflows, and cascading liquidations in the derivatives market following a period of high leverage and consolidation. Q2: Is this a normal occurrence for Bitcoin? Yes, Bitcoin has experienced numerous 5-15% corrections during every major bull market. This level of volatility is statistically normal for the asset given its market structure and 24/7 trading nature. Q3: What are the key support levels to watch now? Analysts are watching the previous weekly low near $73,200, followed by the psychological $70,000 level. The 50-day moving average, currently around $71,500, also represents a significant technical support zone. Q4: How have other cryptocurrencies reacted? Major altcoins like Ethereum, Solana, and Cardano typically show high correlation with Bitcoin during sharp moves. Most have declined by 3-5% in sync with BTC’s drop, demonstrating continued market interdependence. Q5: Does this change the long-term outlook for Bitcoin? Single-day price movements rarely alter long-term fundamental theses. Network security remains at all-time highs, and adoption metrics continue their gradual growth. Most analysts view this as a short-term technical correction within a larger trend. This post Bitcoin Price Plummets: BTC Falls Below $75,000 Threshold in Sudden Market Shift first appeared on BitcoinWorld .
