#U.S. bank stocks crashed, BTC plummeted below $20,000#

#U.S. bank stocks crashed, BTC plummeted below $20,000#

On March 10, the "SIVB moment" hit the U.S. banking industry. Silicon Valley Bank suddenly encountered a Liquidity crisis and plunged 60%, the largest drop since 1998, and fell nearly 23% after hours. The market value of the four largest banks has evaporated by US$52.4 billion. JPMorgan Chase fell 5.41%, Bank of America fell 6.2%, Wells Fargo fell 6.18%; Citigroup fell 4.1%. At the same time, crypto market fell across the board. BTC once fell below $20,000, ETH once touched $1,408, and the 24-hour liquidation volume was close to $400 million.

Latest

Featured

[Extracting viewpoint materials] 1. Machi Big Brother Wallet shows a bullish bias, employing a high-frequency trading strategy and holding long positions in BTC. Currently, its floating profit/loss is positive, indicating a continuous inflow of funds long direction. [src: @Valuescan, 2026-02-08 02:53:34/#2124410；ref: window] 2. Between 02:33 and 02:53, Machi Big Brother adjusted his BTC holdings multiple times, first opening a large position of 6 BTC, then adding a medium amount to 9 BTC, then adding a small amount back to 10 BTC, and then continuously adding small amounts...

[Extracting viewpoint materials] Machi Big Brother Wallet has been consistently engaging in high-frequency long trading of the HYPE token, favoring long, and demonstrating stable risk control. Its floating profit and loss have maintained positive growth, indicating large-scale operation with a win rate of approximately 69.9% and an average profit/loss ratio of 0.76. [src: @监测/Valuescan, 2026-02-08 02:49:58/#2124389；ref: window] Between 02:20 and 02:49, Machi Big Brother repeatedly added small to medium amounts to his HYPE position, increasing his holdings from approximately 6,300 to 30,000...

[Extracting viewpoint materials] 1. Trading partner "Machi Big Brother" has been consistently reducing his long positions in ETH in small increments, indicating a cautious and orderly market behavior of adjusting positions. [src: @Trading Partner, Choose Valuescan, 2026-02-08 02:35:46/#2124371; ref: window] 2. Machi Big Brother's ETH holdings maintain a leverage of 25x, with current floating profit/loss exceeding $250,000, and a safety margin of approximately 6.5% away from the liquidation point, indicating that the fund flow remains...

Learned something new! The black swan event has been found! This article uses data to demonstrate that the recent BTC crash was caused by systemic deleveraging triggered by multi-asset portfolios in traditional finance. On that day, risky assets such as software stocks fell first, forcing multi-strategy funds to reduce their risk exposure. BTC, being included in the same risk basket, was also passively reduced in its holdings. Therefore, what was sold off this time was not "long positions in Bitcoin," but rather "already hedged arbitrage and spread trades" (such as CME basis trading). During the decline, option hedging was triggered, and market makers were passively selling Bitcoin, creating technical selling pressure of "selling as the price falls," thus amplifying the decline. Therefore, during the crash, Bitcoin spot ETFs did not experience the significant net outflows expected; on the contrary, some hedging and market-making activities even brought in subscriptions. Essentially, this is a passive impact during the risk reduction process of traditional financial TRADE, not some conspiracy theory from the native crypto market coming true. This version seems much more plausible than blaming "unidentifiable Hong Kong institutions"! twitter.com/mandywangETH/statu...

Bitcoin Price Prediction: Sub-$60K Next for BTC or a Strong BTC Rebound?

This once again proves that opportunities are everywhere in the crypto. My phone alarm went off at 00:13. I opened the app and saw my pending ETH short order had been filled; the candlestick chart showed a sharp up-and-down spike. My first reaction was to quickly place an order, close the position for profit, and repeat this process until the last order hit profit at 00:17, after which the price returned to normal. I made a quick profit on A8 in 4 minutes. Looking at the candlestick chart, the window lasted from 5 minutes to 17 minutes, a full 12 minutes. Whether you can seize the opportunity depends entirely on your courage. BTC plummeted from 90,000 to 60,000, then rebounded 20% amidst extreme panic. This was largely due to premature buy the dips leading to profit retracement. The saying "XX died trying to buy the dips" is certainly true. Since I've shared this, I'll also discuss the subsequent market trend. This is just my personal opinion and for reference only. BTC has experienced its first five-month losing streak, and it's unlikely to recover this month. Will it see a positive close next month? In the short term, 60,000 is the bottom, with 7.2-7.4 being the previous top range and a strong resistance level. If there's a second test of around 65,000, I'll consider buy the dips with leverage, trading within this range. That's all.

CoinAnk中文討論組

[Analysis of Key Points] The spot price of BTC is $69,235.31, and the futures price is $69,212.9. The price has slightly decreased by 0.18% in the past hour and slightly increased by 0.20% in the past four hours, indicating relatively small short-term price fluctuations. [src: @CoinAnk Chinese Discussion Group, 2026-02-08 00:45:54/#2124048; ref: window] The BTC network funding rate is negative -0.0024%, indicating that long positions are paying funding fees to short positions. In the short term, the cost of holding long positions is relatively high, which may affect market sentiment...

1. Current Recommended Direction: BTC's current fluctuations within a few hundred points are normal. There are no clear signs of overextended upward movement or significant pullback. It is recommended to remain on the sidelines and avoid blindly chasing highs and lows. 2. Position and Risk Management Recommendations: It is recommended to hold a light position or remain on the sidelines, avoiding heavy positions. There are no clear stop-loss or take-profit levels indicated. Given the normal volatility, it is advised to adjust positions flexibly based on market fluctuations and be wary of short-term risks. 3. Suitable Trading Style: Suitable for conservative medium-term traders or trend observers. Currently, there are no clear catalysts driving the market. Aggressive short-term trading or frequent trial trades are not recommended. Maintain patience...

[Extracting viewpoint materials] Monitoring the wallet "Machi Big Brother" shows that it is a high-frequency trader with a bullish bias and large capital, currently holding a position of 2950 ETH, long, with a floating profit/loss of approximately +123,000 USD. The position has been slightly increased to 3000 ETH, with a liquidation risk of approximately 4.2% [src: @Valuescan, 2026-02-08 00:21:35/#2123618；ref: window]. Monitoring showed that "Machi Big Brother" slightly increased his ETH holdings in several transactions, raising his position from 2900 to 2950, with an average price of...

Crypto Futures Liquidations Trigger $108 Million Devastation in Single Hour as Market Volatility Surges

WLFI Drops 8% as Bearish Trend Deepens: What Comes Next?

I'm still not sensitive enough to arbitrage; I need to keep learning! Seeing the price spikes, I thought it was a big player getting liquidated, but it turns out it was a series of spikes. My own candlestick chart is set to 15 minutes by default, so I thought it was just one spike. Well, congratulations to everyone who doubled their money and to myself for another lesson learned! 😭 In the future, when I encounter price spikes, I need to observe abnormal trading volume and the number of spikes!

Bitcoin slips below $70,000 after erasing post-election gains during 'sell at any price' rout

Bitcoin Sistemi

BREAKING: Ethereum (ETH) Price Shows Strange Movements Now – Here’s Why

WHALE ALERT: $351 MILLION Bitcoin Dump Incoming

TechFlow: Using Claude to scrape 260,000 records, I discovered Epstein's crypto network.

Is Hyperliquid entering the prediction market arena, aiming for the heart of the polymarket?

Crypto Market Aggregator|币圈新闻汇总

[2/3] 3. Bloomberg ETF Analyst: Spot ETFs have not "significantly reduced volatility," and the selling pressure from OG's high-level profit-taking is underestimated. Eric Balchunas stated that the market underestimated the amplifying effect of early holders' concentrated selling at high levels; Bitcoin's approximately 450% increase over two years also signifies a high volatility risk. (PANews | TechFlow | Odaily) 4. Liquidity pressure: Crypto funds saw net outflows of approximately $1.5 billion this week, the largest since November. According to data from the Kobeissi Letter, funds have been withdrawn for the second consecutive week, marking the fifth net outflow in the past seven weeks. (Kobeissi Letter) 5. On-chain/Sentiment Indicators: BTC social sentiment hit a near 4-year low; price near the 200-week moving average of approximately $58,000. Santiment data shows a significant weakening of sentiment; from a technical perspective, the area around the 200-week moving average has historically served as a reference point for bear market bottoms/accumulation zones. (BlockBeats | PANews) ━━ Project Updates ━━ 1. Bitfarms plans to relocate to the United States and change its name to Keel Infrastructure. The company plans to become a dual-listed company under the name "KEEL" and will move its registered office from Canada to the United States and change its name. A special shareholders' meeting is scheduled to be held on March 20, 2026, pending approval from shareholders, the stock exchange and the court. After completion, it plans to trade on Nasdaq and the Toronto Stock Exchange under the name "KEEL". (TechFlow | PANews) 2. ENS: ENS v2 will only be deployed on Ethereum L1, and Namechain L2 development will be discontinued. The ENS COO stated that discontinuing Namechain L2 will not affect v2 functionality and roadmap; more chains will still be supported in the future, and it may be possible to allow .eth registration on any EVM chain. (PANews) 3. ERC-8004 Progress: Avalanche C-Chain supports the standard; Virtuals claims that ACP "graduation agents" will automatically register and be scored on the blockchain. Avalanche announced that C-Chain supports ERC-8004 for AI agents with on-chain identity and transferable reputation; Virtuals Protocol stated that its AI agents that have graduated on ACP will automatically register in ERC-8004, and new evaluations and scores will be automatically added to the chain and bound to the identity. (BlockBeats | Foresight News | BlockBeats | Foresight News) 4. EY: Wallets will become a key entry point for next-generation financial services; banks "must have wallets." EY believes that wallets are evolving from crypto tools into gateways to financial services, and the core position of traditional bank accounts may be weakened by "smart wallets". (CoinDesk | BlockBeats | PANews) ━━ Other ━━ 1. Fund flows related to the “BTC OG/1011 whale” have attracted attention: On-chain monitoring shows signs of large deposits to Binance and withdrawals of stablecoins. It is reported that this cluster address deposited about 5,000 BTC to Binance within a few hours, then withdrew about 55 million USDC, and then deposited about 4,200 BTC. Other monitoring shows that it transferred about 20,000 ETH and 69.08 million USDT in about 12 hours, and there was on-chain behavior of “withdrawing 55,000 ETH from Aave and then partially depositing it to the exchange”. The market interprets this as suspected reduction of holdings/exchange for stablecoins. (Foresight News | BlockBeats | PANews | TechFlow | BlockBeats) 2. Aave Funding: The ETH borrowing APR surged from 2.13% to 7.35% at one point, before falling back to approximately 5.33%. Data shows that the ETH supply on Aave is approximately 3.09 million (accounting for about 81% of the hard cap), of which about 2.92 million have been lent out, with a borrowing utilization rate of about 81%. Interest rate fluctuations reflect the tightening of short-term liquidity. (Foresight News | PANews | Odaily) 3. Increased volatility in derivatives: Approximately $605 million in positions were liquidated across the network in 24 hours, with short positions dominating. Statistics show that long positions totaled approximately $228 million and short positions totaled approximately $377 million. The largest single liquidation occurred on Hyperliquid's BTC-USD pair, amounting to approximately $21.3 million. (TechFlow) 4. Prediction Markets and Sports Compliance Controversy: Kalshi claims Giannis Antetokounmpo's stake is less than 1%, NBA rules remain unclear. Kalshi confirmed that Giannis Antetokounmpo's shareholding is less than 1% (the specific amount was not disclosed); media reports indicate that the NBA has not yet provided clear guidelines for on-chain prediction/betting platforms, with related betting volume estimated at approximately $23.31 million.

Loading..