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23 Feb 2026, 17:10
Coinbase GWEI Trading Support: A Groundbreaking Move for Ethereum’s Gas Economy
BitcoinWorld Coinbase GWEI Trading Support: A Groundbreaking Move for Ethereum’s Gas Economy In a landmark announcement on March 15, 2025, Coinbase revealed its plans to support spot trading for GWEI, the tokenized representation of Ethereum gas fees, fundamentally altering access to the network’s fee market. This strategic decision marks the first major cryptocurrency exchange to directly list a gas abstraction token, potentially transforming how both retail and institutional participants interact with the Ethereum ecosystem. Consequently, the move signals a maturation of infrastructure surrounding the world’s largest smart contract platform. Moreover, it provides traders with unprecedented exposure to the underlying economics of blockchain transaction processing. Understanding GWEI and the Ethereum Gas Market GWEI, often referred to as ETHGas, represents a tokenized unit of gas on the Ethereum network. Fundamentally, gas measures the computational effort required to execute operations like transactions or smart contracts. Traditionally, users pay gas fees in ETH, making network participation inherently volatile. However, the creation of GWEI as a separate, tradable asset aims to decouple transaction costs from ETH’s market price. Therefore, this development introduces a new financial primitive for hedging and speculation. Industry analysts from firms like Delphi Digital have long theorized about such instruments, noting their potential to stabilize developer and user experience. The Ethereum gas market operates as a dynamic auction system. Users bid GWEI for block space, with validators prioritizing higher-paying transactions. This mechanism ensures network security and resource allocation but creates cost uncertainty. For instance, during periods of high demand like NFT mints or DeFi liquidations, gas prices can spike exponentially. Subsequently, projects have explored various solutions, including layer-2 rollups and alternative fee mechanisms. Nevertheless, a direct, liquid market for gas itself remained an elusive goal until now. Data from Ethereum analytics platform Etherscan shows gas price volatility has been a persistent barrier to mainstream adoption. The Technical Architecture of ETHGas Tokens The GWEI token functions through a standardized wrapper protocol. Essentially, it locks ETH as collateral and mints a corresponding amount of gas credits redeemable on-chain. This process creates a synthetic asset whose value is pegged to the current cost of gas, not ETH. Major protocols like EIP-1559 have already reshaped the fee market by introducing a base fee that burns. Furthermore, the integration of such tokens on a centralized exchange like Coinbase requires robust oracle systems to maintain accurate pricing. These systems pull real-time data from multiple blockchain sources to ensure the GWEI spot price reflects true network conditions. Coinbase’s Strategic Rationale for Listing GWEI Coinbase’s decision stems from clear market demand and strategic positioning. Initially, the exchange observed growing institutional interest in managing Ethereum operational costs. Large entities, including hedge funds and blockchain enterprises, seek financial tools to hedge against gas volatility. Additionally, the listing aligns with Coinbase’s broader mission to provide access to every credible crypto asset. By supporting GWEI trading, the exchange captures a unique market segment ahead of competitors like Binance and Kraken. This first-mover advantage could solidify its reputation as the most innovative regulated platform. The regulatory landscape also influences this move. In 2025, the SEC and CFTC have provided clearer guidance on token classification. GWEI, as a utility token representing a consumable network resource, may face fewer regulatory hurdles than pure speculative assets. Coinbase’s compliance team likely conducted extensive analysis before proceeding. Their public statements emphasize the token’s role in improving Ethereum’s usability, not merely as a financial instrument. This narrative supports positive engagement with policymakers focused on blockchain efficiency and consumer protection. Market data supports the commercial viability. The total value of gas fees spent on Ethereum exceeded $2 billion annually for the past three years. A fraction of this economic activity migrating to a spot market represents significant trading volume. Moreover, derivatives products like futures and options for GWEI could follow, expanding Coinbase’s product suite. The exchange’s recent quarterly report highlighted asset diversification as a key growth strategy, directly addressing investor concerns about reliance on Bitcoin and Ethereum trading fees alone. Immediate Impacts on Traders and the Ethereum Ecosystem The immediate effect provides traders with a direct hedging tool. Previously, managing gas cost exposure required complex DeFi strategies or simply holding excess ETH. Now, market participants can buy GWEI tokens ahead of anticipated network congestion. For example, a project planning a major token launch can secure gas credits in advance, locking in costs. Similarly, arbitrageurs can profit from discrepancies between the spot market price and real-time on-chain gas prices. This activity should increase market efficiency and potentially reduce extreme volatility spikes. For the broader Ethereum ecosystem, the listing validates years of developer experimentation. Core developers have proposed gas token standards for efficiency improvements. Vitalik Buterin, Ethereum’s co-founder, has discussed the concept of “gas currencies” in various forums. The Coinbase announcement provides a mainstream venue for these ideas, potentially accelerating adoption of related technical upgrades. Furthermore, it creates a transparent price discovery mechanism for a critical network resource. This transparency could inform better protocol design and user experience decisions across hundreds of dApps. Potential risks require careful monitoring. A speculative bubble in GWEI could ironically make network usage more expensive if prices detach from utility. Regulators may scrutinize the market for manipulation, given its direct impact on blockchain functionality. However, established financial market safeguards for commodity trading offer proven frameworks. Coinbase’s surveillance systems and compliance protocols will be tested in this novel asset class. The exchange’s track record with similar innovations, like its initial Bitcoin futures, suggests a measured, security-first approach. Comparative Analysis: GWEI vs. Traditional Gas Payment Methods Feature Traditional ETH Gas GWEI Token Trading Price Exposure Directly tied to ETH volatility Independent market for gas itself Cost Management Reactive, pay-as-you-go Proactive hedging possible Accessibility Requires holding ETH Tradeable like any asset Market Depth Opaque, on-chain only Liquid order book on Coinbase Use Case Pure utility for transactions Utility + financial instrument The Future of Gas Markets and Exchange Innovation Coinbase’s move likely initiates a new trend among cryptocurrency exchanges. Competitors will probably announce similar listings or alternative gas-related products within months. This competition should benefit users through better features and lower fees. Additionally, the success of GWEI trading could inspire tokens for other network resources. For instance, storage on Filecoin or bandwidth on Helium might follow similar models. The fundamental concept of tokenizing and trading blockchain resource units has vast potential. Consequently, we may see the emergence of an entirely new asset class beyond simple currencies and securities. Long-term implications for Ethereum’s economics are profound. A robust gas futures market could enable more predictable dApp operating costs. This predictability is crucial for enterprise adoption, where budgeting requires stability. Developers might even build applications that automatically hedge their gas consumption in the background. Such innovations would make the user experience seamless, abstracting away blockchain complexity. Ultimately, the goal is a network where cost volatility no longer hinders innovation or accessibility. Coinbase’s support for GWEI trading represents a major step toward that reality. Technological integration will be key. Coinbase must ensure its trading engine handles the unique aspects of a gas peg. The listing will involve close collaboration with the GWEI protocol developers and Ethereum core teams. Upcoming network upgrades, like Proto-Danksharding, will also affect gas dynamics. The exchange’s engineering blog promises transparent updates on these technical challenges. Their approach will set industry standards for handling similar complex crypto-economic assets in the future. Conclusion Coinbase’s support for GWEI trading marks a pivotal evolution in cryptocurrency markets. It bridges the gap between blockchain utility and financial markets, creating new tools for risk management. This development enhances Ethereum’s functionality while providing traders with unique opportunities. The listing reflects broader trends of institutionalization and sophistication in digital asset infrastructure. As the market absorbs this innovation, observers should monitor its effects on network usage and stability. Ultimately, the success of GWEI trading on Coinbase could redefine how all blockchain networks commoditize and manage their fundamental resources. FAQs Q1: What exactly is GWEI or ETHGas? GWEI is a tokenized representation of Ethereum network gas. It allows users to trade and hedge the cost of transaction fees independently of ETH’s market price. Q2: When will GWEI trading go live on Coinbase? Coinbase announced the intent to support spot trading, with a typical timeline of several weeks for technical integration and regulatory checks before launch. Q3: Can I use GWEI tokens to pay for gas directly on Ethereum? Yes, the underlying protocol allows redemption of GWEI tokens for gas on-chain, though the user experience may involve additional steps compared to paying with ETH directly. Q4: Does this make Ethereum transactions cheaper? Not directly. It provides tools to manage cost volatility, which could indirectly lead to more stable and predictable fees over the long term. Q5: Are there risks to trading GWEI? Like any novel asset, it carries risks including regulatory uncertainty, market illiquidity in early stages, and technical complexities related to maintaining its peg to gas prices. This post Coinbase GWEI Trading Support: A Groundbreaking Move for Ethereum’s Gas Economy first appeared on BitcoinWorld .
23 Feb 2026, 17:09
Bitcoin ‘Death Cross’ Returns: Why BTC Could Tumble to $30,000 Next
A key technical signal that has foreshadowed the final capitulation phase of previous Bitcoin (BTC) bear markets is flashing again. According to chartist Ali Martinez, a “death cross” on the three-day chart could be confirmed in late February, potentially sending BTC to $40,000 or even $30,000. The Death Cross Pattern and What History Shows Martinez pointed to the three-day chart as a crucial timeframe for understanding Bitcoin’s macro structure, noting that the interaction between the 50 and 200 simple moving averages on this chart has reliably signaled the last major downside move since 2014. “The death cross between these two moving averages on the 3-day chart has consistently preceded the final leg down of a bear market,” the trader wrote. Following the 2013 top, Bitcoin dropped more than 72% before the death cross printed in December 2014, after which it fell another 52%. After the 2017 peak, the death cross appeared in November 2018, coming just before a final 50% decline. The signal emerged again in May 2022, following the 2021 top, which led to an additional 45% drop. Bitcoin registered a new all-time high (ATH) in October 2025 when it went above $126,000, but the current price, which had recovered to just over $66,000 at the time of writing after earlier shedding about $4,000 in only a matter of hours, is nearly 48% below that ATH. With a potential death cross projected for late February, Martinez warns that if history repeats even partially, a further 30% decline would place Bitcoin near $40,000, while a 50% drop could take it to $30,000. However, the market watcher was quick to note that there were no guarantees the price drops would happen, even though the current structure matches up with historical setups that led to the last major downside moves before macro bottoms formed. Market Reaction and On-Chain Divergence Bitcoin is currently down about 2.5% in the last 24 hours and more than 4% over the past week. It has also lost nearly 27% of its value in the past month, a drop exacerbated by U.S. President Donald Trump’s recent announcement of a 10% (later upgraded to 15%) temporary global tariff after the country’s Supreme Court struck down many of the previous tariffs the Trump administration had imposed under a 1977 emergency law. As seen during past tariff-related volatility, the impact on Bitcoin wasn’t immediate but arrived once legacy futures markets opened. It also sparked a coordinated bearish impulse in the futures market, with data from analyst Axel Adler Jr. showing that taker sell volume spiked to $2.3 billion in a single hour, accompanied by forced long liquidations of approximately 1,247 BTC worth more than $81 million. Santiment data confirmed the liquidation cascade, noting open interest dropped to $19.5 billion, which is less than half its January peak, leading to skyrocketing negative sentiment, and the Bitcoin market entering “FUD mode.” The post Bitcoin ‘Death Cross’ Returns: Why BTC Could Tumble to $30,000 Next appeared first on CryptoPotato .
23 Feb 2026, 17:09
Scaramucci Names Strongest Bull Case for BTC
SkyBridge Capital founder Anthony Scaramucci has presented an "intellectually defensible" bull case for Bitcoin.
23 Feb 2026, 17:07
LTC Comprehensive Technical Analysis: Detailed Review of February 23, 2026
While the downtrend continues at LTC $51.84, RSI is oversold and MACD is giving a bull signal. Critical support at $51.72, BTC correlation is increasing risks; a cautious approach is recommended.
23 Feb 2026, 17:06
VanEck Mid-February 2026 Bitcoin ChainCheck
Summary Price action has been nothing short of dismal over the past 30 days, with BTC down (-27% m/m), trading at lower prices (~$67k) than the deepest tariff tantrum troughs (~$76k). Over the past month, selling from older cohorts, >1yr, has fallen significantly to an expected total of 517k BTC in February, which would place it in the 33rd percentile of all time. Bitcoin miners operate in a challenging environment due to the combination of volatile revenues and costs, a structurally declining block subsidy, and a highly competitive production landscape. Bitcoin has seen a sharp sentiment and leverage reset, but resilient onchain activity, slowing mid-cycle distribution, and tightening miner supply suggest fundamentals are stronger than price implies. Key takeaways Sentiment deteriorates as BTC declines: Bitcoin ( BTC-USD ) fell 29% over the last 30 days, pushing NUPL toward the anxiety zone and briefly into fear, while leverage reset and open interest returned to levels last seen in September 2024. Mid-cycle holders drive distribution but selling slows: Realized selling remains concentrated in the 1-to-5-year cohorts, though distribution from >1 year coins has slowed meaningfully over the past month. Miner margins tighten as hash rate contracts: Hash rate has declined roughly 14% over the past 90 days amid tighter mining economics, a setup that has historically preceded stronger forward BTC returns. Sentiment Reset and Price Weakness Price action has been nothing short of dismal over the past 30 days, with BTC down (-27% m/m) , trading at lower prices (~$67k) than the deepest tariff tantrum troughs (~$76k). 30-day Average NUPL (net unrealized profit/loss) presently reads 0.33, which is off (-43%) y/y, placing it in the “optimism/anxiety” zone. On a daily basis, NUPL breached the “fear” zone, dropping to 0.12 during the dramatic price decline on February 2, 2026. Currently, the 30-day MA (moving average) of Bitcoin addresses that are in profit is (76%) compared to (96%) a year ago. During bear markets, the percentage of addresses in profit has reached as low as (40%), while the most recent bear market bottom was (52%) in December 2022. Bitcoin Net Unrealized Profit and Loss 30-Day Moving Average Source: Glassnode as of 2/14/2026. Past performance is not a guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. The negative price action has led to speculation fading. Futures annualized basis is now (4.2%), placing it in the 22nd percentile in Bitcoin’s history. Futures open interest, measured in BTC, stands at 362k , slightly below the 3-year average of 366k . When assessed in dollar terms, open interest in Bitcoin is at its lowest levels since September 2024. Network Activity Remains Elevated Onchain activity looks healthier than price action suggests. Over the last 30 days, daily transactions are only modestly lower (-1% m/m) but remain elevated in historical context, sitting in the 90 th percentile relative to all-time history. Meanwhile, Avg Daily Transfer Volume ((USD)) rose (+2% m/m) and remains in the 87 th percentile. These figures remain elevated due to increased Bitcoin trading volume. At the same time, Daily Inscriptions dropped (-32% m/m), and Avg Daily Fees ((USD)) declined (-7% m/m) and are down (-62%) y/y, pointing to lower demand for Bitcoin block space and lower network revenues. As a result of elevated network activity, the Active Supply over the last 180 days reached (31%), and while Supply Dormant >3Yr reached (43%), which ranks in the 89 th percentile all time. Where the Selling Is Coming From In our prior analysis of Bitcoin long-term holders , we focused on the number of tokens that had remained dormant for longer periods. Token dormancy is a useful proxy for investor behavior because it indicates whether older Bitcoin is being stored or sold. If a coin has not moved in 3.5 years, for example, it falls into the 3yr-5yr dormancy band. Once it is transferred to a new address, it moves to the youngest age cohort, and we consider that it was sold to a new owner. Dormancy balances, however, can shift for mechanical reasons as coins age from one band to the next. To isolate coins actually being spent, we use spent-volume age-band data. SVAB measures the age distribution of coins at the moment they are transferred, providing a clearer view of realized selling pressure by cohort. Cyclical Selling Concentrated in 1-Year to 5-Year Cohorts Based on Spent Volume Data SVAB 1yr-2yr 2yr-3yr 3yr-5yr 5yr-7yr 7yr-10yr >10yr 2012 438,875 59,164 1,151 0 0 0 2013 1,514,798 631,846 85,416 0 0 0 2014 795,550 544,017 94,906 1,480 0 0 2015 1,052,489 290,445 141,679 2,323 0 0 2016 1,263,772 710,073 354,412 64,998 0 0 2017 2,196,118 1,145,497 2,235,652 523,463 72,946 0 2018 1,359,986 321,913 1,124,111 253,927 26,720 0 2019 3,710,141 867,428 717,879 348,344 43,438 0 2020 4,350,477 2,496,133 705,187 236,285 120,677 19,116 2021 4,129,873 3,044,837 3,419,775 249,410 388,891 57,941 2022 4,144,841 1,156,913 1,521,787 572,237 211,415 51,849 2023 2,626,936 1,071,507 702,083 487,834 82,454 58,171 2024 3,555,412 1,663,498 2,872,341 1,478,015 470,341 136,499 2025 3,587,671 1,422,846 3,306,952 704,274 512,483 298,764 2026 414,110 123,462 144,641 46,879 65,855 20,473 Spent Volume by Age Band. Source: Glassnode as of 2/14/2026. Past performance is not a guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. The table above confirms our previous assertion that most of the cyclical selling is occurring in the 1yr-5yr cohorts, while the >5yr cohorts are parting with relatively smaller amounts of their coins. Across most age clusters, we can also see cyclical selling patterns that tend to conform to the “4-year cycle.” Among age groups, the most dramatic swings in transfer volume have occurred in the 3yr-5yr segment. Historically, this cohort has tended to distribute more in the year after the halvening while reducing transfer activity in other years. In the current cycle, we believe some investors pulled forward sales due to the January 2024 ETP launch and the November 2024 election of Donald Trump. Both events coincided with sharp price appreciation and may have increased the incentive to realize gains sooner than in prior cycles. Distribution Is Slowing However, over the past month, selling from older cohorts, >1yr, has fallen significantly to an expected total of 517k BTC in February, which would place it in the 33 rd percentile of all time. In the 1yr-2yr band, token sales have dropped the most dramatically, falling to a pace of 190k , which places it in the 9 th percentile since January 2020. The key point is not that distribution has ended, but that the most active selling cohorts appear to be stepping back as Bitcoin trades at a lower price. As demonstrated by the 1y-2y cohort, who would have accumulated at an average price of ~$72.7k over their buying period, the lack of selling is likely because many are underwater on their token buys. However, this has not prevented investors from realizing painful losses as sellers have absorbed -$22.5B over the past 30 days, which ranks in the 91 st percentile since 2020. Spent Volume by Age Band Shows Broad Increase in Selling in November 2025 Spent Volume by Age Band. Source: Glassnode as of 2/16/2026. Past performance is not a guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. Bitcoin Miners’ Economics Tighten Hash Rate Declines Bitcoin miners operate in a challenging environment due to the combination of volatile revenues and costs, a structurally declining block subsidy, and a highly competitive production landscape. Revenue is volatile because it is tied to the Bitcoin price and to a miner’s relative share of the network's hashing power. On the cost side, the main operating input is electricity, and power prices often swing independently of Bitcoin’s price. Halvening cycles reduce the block subsidy over time, so miners are competing for a structurally smaller reward pool unless Bitcoin price or network transaction fees rise enough to offset the decline in block subsidies. To stay competitive, miners must continuously reinvest in more efficient ASICs and infrastructure. Because network hashing power tends to increase over time, miners also need to expand their hashing power to maintain their share of block rewards. If they do not upgrade, they risk losing share as their machines become uncompetitive. If they do upgrade, they take on significant CAPEX with uncertain payback periods given the volatility of Bitcoin’s price, network difficulty, and power costs. Antminer S19 XP Is Uneconomical to Operate Above $0.07 kWh Source: Glassnode, VanEck Research as of 2/16/2026. Past performance is not a guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. When Bitcoin’s price falls, miner revenue typically declines almost immediately. Both realized BTC pricing and the hash price (revenue per unit of hashing power) compress, while major variable costs, such as electricity, generally remain unchanged. In downturns, some miners reach a point where the marginal cost of running certain ASICs exceeds the marginal revenue. When that happens, they power down machines that are no longer economical to run. Hash Rate Contraction and Forward Returns At current BTC prices, for example, the Antminer S19 XP becomes unprofitable for miners paying more than about $0.07/kWh. Once fixed overhead is included, some operators can be deeply unprofitable on an all-in basis. Riot illustrates this dynamic. For its 3Q2025 earnings report, it cites an estimated cost to mine one bitcoin of roughly $46,000 excluding depreciation, versus about $89,000 including depreciation. Consistent with these pressures, the Bitcoin network hash rate has declined by roughly (-14%) over the past 90 days. Sustained 90-day hash rate drawdowns are relatively uncommon. We have identified 12 notable periods in which the hash rate fell for over 90 days. The most severe decline of the industrial-scale mining era (post-2013) occurred in summer 2021, when China’s mining ban contributed to an approximate (-40%) drop-in network hash rate. Finally, as noted in our prior research, these periods of hash rate contraction have historically preceded strong forward BTC returns over the subsequent 90 days. An interesting feature of the latest decline in hash rate is that it may relate to record cold weather across North America. Therefore, we are unsure as to the extent voluntary curtailment, rather than economic rationale, is causing the has rate drops. We will continue to monitor the situation to assess network health. Bitcoin Network Hash Rate Declines # Start Date End Date Duration (Days) Highest Drop inHash Rate (%) Avg BTC 90-DayForward Return (%) 1 2009-05-09 2009-10-21 166 -62.11 No Price 2 2011-10-14 2012-01-27 106 -37.50 52.73 3 2013-01-21 2013-02-16 27 -6.04 492.78 4 2018-11-24 2019-02-28 97 -26.43 42.89 5 2020-05-21 2020-06-22 33 -10.94 16.90 6 2020-11-15 2020-11-21 7 -0.87 186.16 7 2020-12-24 2020-12-29 6 -1.19 111.76 8 2020-12-31 2021-01-05 6 -1.15 87.01 9 2021-06-09 2021-09-20 104 -40.36 36.37 10 2022-07-21 2022-09-08 50 -9.06 -17.58 11 2024-06-23 2024-08-03 42 -6.59 4.69 12 2026-01-11 2026-02-16 37 -14.22 Unknown Source: Glassnode as of 2/16/2026. Past performance is not a guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein. The AI Pivot in Bitcoin Mining One theme that has continued to disrupt the mining space is miners converting their facilities into AI data centers. Of the Bitcoin miners in our coverage universe, all have allocated some portion of their current or future production facilities to AI. One miner that remains committed to being a pure play is Bitdeer, which is pursuing a limited AI buildout alongside commitments to expand hashing power and mining efficiency through self-produced machines. On weaker tape, the market is paying for near-term resilience and cash flow visibility, which helps explain why BTC miners credibly converting capacity into AI data center operations are being rewarded. The AI pivot is viewed as a path to higher, more stable future revenue per MW, so miners with believable AI buildouts often trade at higher valuation multiples on their power portfolios. By contrast, a miner that remains more exposed to pure mining economics can underperform AI-evolving peers during BTC drawdowns, even as it improves operationally, because its earnings remain tightly linked to the BTC price and network difficulty. BTDR fits that profile. Its stock has also faced a specific AI overhang tied to its inability to move forward with AI plans at its Clarington, OH facility, but the broader driver of relative weakness is its more concentrated exposure to BTC mining. As a result, BTDR’s equity price is down (-40%) in the past month. Bitdeer Operational Progress Operationally, Bitdeer has made meaningful progress. The company substantially increased fleet efficiency from 30.4 J/TH in 4Q2024 to 17.9 J/TH in 4Q2025. Likewise, the company ended January 2026 with over 63 EH/s of self-mining hashing power, up from just 9.2 EH/s in January 2025. Bitdeer management has not disclosed the extent of its hash power expansion through 2026, but we estimate it has around 413 MW where it can deploy its new, proprietary SEALMINER A3 ASICs. If the company can deploy 50k SEALMINERS to this power in 2026, it could add 33 EH/s, bringing its total to 96 EH/s. If this were accomplished, Bitdeer would generate an additional $335M of BTC at current Bitcoin prices and hash rates. The practical implication is that efficiency gains alone may not be enough to change investor perception in the short run. If BTC remains weak and difficulty stays high, the AI pivoters will continue to outperform. For Bitdeer, it will be important to monitor its progress in deploying new miners’ rigs, how quickly it can deploy new capacity, and whether it can fund expansion without diluting shareholders at unfavorable prices. Update: On February 19, prior to market open, Bitdeer announced a $300M convertible bond issuance. The stock declined approximately 15% pre-market following the announcement. We hold no position. 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Moreover, the extent to which Web3 companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets. Digital asset prices are highly volatile, and the value of digital assets, and Web3 companies, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment. Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SPIC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing. 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23 Feb 2026, 17:05
XRP Open Interest Is Rising. Here’s What Will Happen to Price If History Repeats
Cryptocurrency markets often whisper before they roar, and keen observers can gain a critical edge by interpreting early signals. Among these, open interest —a measure of active derivative contracts—has emerged as one of the clearest predictors of XRP’s price momentum. Historical trends suggest that when open interest rises, price frequently follows, providing traders with a potential roadmap for upcoming moves. Chad Steingraber recently highlighted this phenomenon on X, analyzing XRP’s open interest trends from August 2023 through February 2026. His findings illustrate a tight correlation between periods of rising open interest and significant price rallies, including the late 2024 surge. Currently, with open interest at $2.33 billion and XRP trading around $1.43, the data points to the possibility of another bullish leg if history repeats itself. What Open Interest Reveals Open interest reflects the total number of active futures and options contracts on a particular asset. Unlike trading volume, which only measures activity within a given timeframe, open interest represents the cumulative exposure and commitment of traders. Rising open interest signals that participants increasingly expect continued price movement, often amplifying market trends as positions accumulate. Looking at the XRP Open Interest, you can clearly see that in history when Open Interest begins to go up… …the price of XRP follows almost exactly the same pattern. This is an EXTREMELY great indicator to follow to predict the price just before it happens. https://t.co/yBFT6NwWhv pic.twitter.com/asnhbVCLiO — Chad Steingraber (@ChadSteingraber) February 22, 2026 In XRP’s case, historical charts show a striking alignment: spikes in open interest consistently precede upward price momentum. Chad Steingraber’s overlay of XRP price and open interest demonstrates that the two metrics have moved in tandem during key rallies, validating open interest as a predictive indicator. Current Market Context The present market structure reinforces the bullish case. XRP’s February 2026 open interest of $2.33 billion sits at a level that historically preceded notable price gains. During the late 2024 rally, sustained open interest accumulation created the foundation for one of XRP’s most powerful moves in recent years. The current alignment of rising open interest with supportive macro conditions and growing institutional adoption could indicate a similar trajectory. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Implications for Traders and Investors For traders, monitoring open interest provides an anticipatory signal rather than a reactive one. Rising open interest suggests that both institutional and retail participants are increasing exposure, potentially amplifying buying pressure and momentum. When combined with price action and other technical indicators, this metric can serve as an early warning for a significant move. While no indicator guarantees future results, XRP’s historical correlation between open interest and price offers a valuable framework for forecasting short-term trends. As open interest continues to climb, traders and long-term holders may find themselves well-positioned to capitalize on the next potential bullish wave. The patterns are clear, the data is compelling, and history may be ready to repeat itself—making open interest one of the most closely watched signals in XRP’s market right now. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Open Interest Is Rising. Here’s What Will Happen to Price If History Repeats appeared first on Times Tabloid .
