MVRV Z-Score has not entered the historical low green zone yet, suggesting that it is not yet time to buy the dip.

February 17: Bitget Market Data Shows U.S. Stock Open Moves; Crypto-Related Stocks Slide Per Bitget market data, the Dow Jones Industrial Average (Dow) rose 31 points at the U.S. stock market open, while the S&P 500 Index fell 0.24% and the Nasdaq Composite dropped 0.59%. Crypto-related stocks traded lower across the board, with the following opening moves: - MSTR: Down 2.73% - BMNR: Down 2.56% - COIN: Down 0.75% - GEMI: Down 8.6%

On February 17, the Monad Foundation announced the appointment of several executives to further advance its institutional strategic rollout following its mainnet launch. Specifically: - Urvit Goel, a former leader at the Optimism Foundation, has been named Vice President of Market Expansion. - Joanita Titan, who oversaw FalconX’s custody and staking business, has been appointed Head of Institutional Growth. - Sagar Sarbhai, a former BVNK executive, will serve as Head of Institutional for the Asia-Pacific (APAC) region. The announcement noted the new team will focus on driving capital markets strategy, brand building, and institutional adoption across the APAC region—including China, Hong Kong, Singapore, Japan, and South Korea. (Source: Cointelegraph)

February 17 — Nakamoto, a Bitcoin treasury firm, announced today it has signed a definitive merger agreement to acquire BTC Inc (a Bitcoin media and events company) and UTXO Management (a Bitcoin-focused investment asset management firm). The transaction is expected to close in the first quarter of 2026. Per the announcement, the acquisition will be structured as an all-stock deal: BTC Inc and UTXO shareholders will collectively receive approximately 364 million shares of Nakamoto common stock, with the total transaction value estimated at roughly $107 million.

On February 17, Bloomberg reported that cryptocurrency exchange Gemini has announced the immediate resignations of three executives—Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen, and Chief Legal Officer Tyler Meade—months after the company’s IPO. Gemini noted Beard’s departure is not tied to any disagreement with the firm, and he has also stepped down from the board of directors. The company currently has no plans to name a new COO; some of Beard’s responsibilities will be assumed by co-founder Cameron Winklevoss.

February 17: Per Bitget market data, spot gold dropped below $4,850/oz, marking a 2.80% intraday decline. Spot silver plummeted 5.00% intraday and was last trading at $72.50/oz.

February 17: Fed’s James Bullard says U.S. service sector inflation is “not moderate.” He identifies 3% as a loose target for the neutral rate, adding multiple rate cuts are likely ahead if inflation trends downward.