Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

February 18th — Per Coinglass data, Coinbase’s Bitcoin Premium Index has stayed in negative territory for 34 straight days, currently at -0.0545%. This streak surpasses the roughly 30 consecutive days of negative premium seen during the “1011 Crash.” The Coinbase Bitcoin Premium Index tracks the gap between Bitcoin’s price on Coinbase and the global market average. A negative premium typically signals U.S. market selling pressure, lower investor risk appetite, heightened risk aversion, or capital outflows.

On February 18th, per OnchainLens data, a BlackRock-associated wallet address transferred 2,494.6 BTC to a Coinbase wallet address, valued at roughly $168.39 million.

February 18: Binance founder CZ unfollowed crypto influencer EnHeng (@EnHeng456) on X.

February 18—Cryptocurrency venture capital firm Dragonfly Capital said Thursday it has closed its $650 million fourth fund, a rare countertrend win amid the crypto market slump and widespread funding pressures. Partner Rob Hadick noted the fund’s success stemmed largely from the firm’s focus on "winner" categories, including early bets on prediction market Polymarket and stablecoin payment card issuer Rain. Founded in 2018 by Alex Pack and Bo Feng, Dragonfly has navigated team adjustments and exited the Chinese market. In recent years, under leaders Haseeb Qureshi and Tom Schmidt, it has built a leading industry position. Adding former traditional finance (TradFi) professional Rob Hadick in 2022 further shifted its focus to crypto-fintech integration. Schmidt highlighted the crypto industry is in the midst of its "largest paradigm shift": tokens will move from application-native assets to tokenized real-world assets (RWA)—including stocks and private equity fund shares. Whi

**Brevan Howard’s Crypto Fund BH Digital Asset Posts 29.5% 2025 Loss—Worst Since 2021 Launch** The well-known asset manager Brevan Howard’s cryptocurrency fund, BH Digital Asset, recorded a 29.5% drop in 2025, marking its worst annual performance since its 2021 inception. As Bitcoin’s bull run lost steam last year, BH Digital Asset faced heavy pressure and underperformed the leading crypto. Data shows Bitcoin declined 6% in 2025 for the full year. BH Digital Asset primarily invests in cryptocurrencies and digital asset-related firms. Previously, during market recovery phases, the fund delivered annual gains of 43% in 2023 and 52% in 2024—when Bitcoin briefly topped $100,000 in December 2024. Some hedge fund investors noted the fund holds a large amount of private equity and venture capital assets, which faced headwinds amid 2025’s broadly weak cryptocurrency market environment. Brevan Howard has not yet publicly commented on the reports.

As of February 18, Coinglass data indicates centralized exchanges (CEXs) saw a net Bitcoin (BTC) outflow of 1,177.57 BTC over the past 24 hours. The top three CEXs by outflow are: - Coinbase Pro: 1,172.97 BTC outflow - Binance: 415.39 BTC outflow - OKX: 220.43 BTC outflow Additionally, Kraken led inflows with 526.76 BTC.