If Ethereum breaks $2100, mainstream CEX cumulative short liquidation pressure will reach $652 million
February 22 Coinglass data shows: Ethereum (ETH) breaking above $2,100 would trigger $652 million in cumulative short liquidations across major centralized exchanges (CEXs).
Conversely, a drop below $1,900 would result in $506 million in cumulative long liquidations for the same platforms.
BlockBeats Note: Liquidation charts do not display the exact number or value of contracts being liquidated. The bars on these charts instead represent the relative importance of each liquidation cluster compared to neighboring clusters (i.e., "strength"). This means the charts illustrate how significantly a price will react at a specific level: higher "liquidation bars" indicate a more intense response due to a surge in liquidity.
14 minutes ago
XRP Records Largest Realized Loss Since November 2022, Weekly Realized Loss Reaches $1.93 Billion
On February 22nd, Santiment data shows XRP just logged its largest realized loss since November 2022—$1.93 billion in weekly realized losses—signaling a concentrated panic sell-off by holders.
BlockBeats Note: A realized loss occurs when an investor sells an asset for less than their purchase price, locking in actual losses. Unrealized losses, by contrast, are paper losses that aren’t realized (since the asset hasn’t been sold) and aren’t counted in such data.
On-chain data shows a sharp jump in realized losses typically signals many holders are selling at a loss—reflecting widespread stop-loss triggers or "surrender selling"—and often coincides with a notable drop in market sentiment.
14 minutes ago
Bithumb's Market Share Falls to 24.8% as Gap Widens with Upbit After Zero Fee Promotion Ends
February 22 — South Korean crypto exchange Bithumb’s market share remains under pressure following its “Bitcoin Mistaken Airdrop Incident.”
As of last Friday, Bithumb accounted for 24.8% of trading volume across South Korea’s top five KRW-denominated exchanges—down sharply from ~30% at the start of the year. Industry data shows Upbit leads with 58.4% market share, followed by Coinone (13%), Korbit (3.5%), and Gopax (0.3%).
On February 6, during a promotional event, Bithumb intended to distribute 2,000 KRW (~$1.38) worth of Bitcoin per user but mistakenly sent 2,000 BTC to some users each. The total erroneous distribution hit ~620,000 BTC—far exceeding Bithumb’s previously disclosed holdings of 42,800 BTC—raising concerns over its internal controls and accounting practices.
The day after the incident, Bithumb’s market share plunged from 31.5% (Jan 5) to just over 20%. To stabilize, it launched a week-long zero-fee trading promotion for all cryptos starting Feb 9, temporarily bo
14 minutes ago
「Bitcoin Price Crash」 Search Interest Hits an All-Time High, Historically Signaling Bitcoin's Temporary Bottom
On February 22, data shows that as Bitcoin dropped to $60,000, Google searches for "Bitcoin to zero" hit a record high in the U.S. This metric has previously spiked near local Bitcoin bottoms in 2021 and 2022.
14 minutes ago
Wietkowo: New Round of Talks to End Russia-Ukraine Conflict to Take Place Within Three Weeks
February 22 — According to the Ukrainian state news agency, U.S. Special Envoy Kurt Volker told Fox News in an interview that Ukrainian and Russian delegations are set to hold a new round of negotiations within three weeks, with the potential to lead to a high-level summit.
Volker said: “Both Jared Kushner and I hope the proposals we’ve put forward to both sides will get them together in the next three weeks — possibly even leading to a summit between President Zelensky and President Putin. That summit could eventually become a trilateral meeting with President Trump joining.”
He added that Trump would only attend if he believed he could secure the best possible outcome. Earlier, Zelensky had stated the next round of peace talks should take place in Geneva within ten days.
14 minutes ago
Current mainstream CEX, DEX funding rate displays a weakening bearish market sentiment
As of February 22, Bitcoin has maintained a range-bound trend, according to data from Coinglass. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges indicate easing bearish sentiment in the market, with specific rates detailed in the accompanying image.
**Note from BlockBeats**:
The funding rate is a fee mechanism used by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. It facilitates fund transfers between long and short traders—exchanges themselves do not collect this fee. The rate adjusts the cost or profit of holding positions to keep contract prices closely tied to the underlying asset.
**Funding Rate Interpretation**:
- 0.01% = baseline rate
- >0.01% = generally bullish market sentiment
- <0.005% = generally bearish market sentiment
14 minutes ago
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