Bitcoin (BTC) — Onchain News & Whale Tracking

Vitalik: 'Bitcoin Jesus' Roger Ver Being Sentenced to Life in Prison for Tax Evasion Is Absurd

On March 1st, the co-founder of Ethereum, Vitalik Buterin, posted a message saying, "It is absurd to be sentenced to life in prison for non-violent tax crimes." The case against "Bitcoin Jesus" Roger Ver appears to have a strong political motivation. Just like the case of the Silk Road founder Ross Ulbricht, many individuals and companies have been accused of more serious crimes but have received much lighter sentences than Roger. If the IRS is really threatening Roger's lawyers to obtain confidential information, that is a malicious act. The right to confidential legal counsel must be held in the highest regard. Genuine good-faith mistakes should be corrected by providing individuals with the opportunity to pay their taxes (including interest and penalties), rather than through prosecution.

Bitcoin Network's Latest Block Time is Over 77 Minutes

On March 1st, based on mempool data, the most recent block on the Bitcoin network is Block 885840, which was mined at 18:30:14. There is an interval of more than 77 minutes from the previous block, Block 885839, which was mined at 17:13:00.

Bitcoin Spot ETF Sees $3.546 Billion Net Outflow in February, BlackRock's IBIT Records Monthly Net Outflow for the First Time

On March 1st, according to Trader T's data, the US Bitcoin spot ETF witnessed a net outflow of $3.546 billion in February. This is equivalent to approximately 40,000 BTC, marking the first instance in history where all ETFs experienced a net outflow. BlackRock's IBIT decreased its holdings of BTC by 9,740 BTC and currently holds 573,136 BTC. There was a net outflow of $721 million for this ETF, which is the first monthly net outflow since its listing. Fidelity's FBTC had a net outflow of $1.202 billion, while Grayscale saw a net outflow of $585 million (with GBTC having a net outflow of $404 million and Mini BTC having a net outflow of $181 million). In February, the price of Bitcoin dropped by 18%, falling from $102,400 to $84,300.

Yesterday the US Bitcoin spot ETF saw a net inflow of $94.3 million

On March 1st, as monitored by Farside Investors, the net inflow of $94.3 million into the US Bitcoin spot ETF yesterday was as follows: BlackRock IBIT: -$2.44 billion Fidelity FBTC: +$1.76 billion Bitwise BITB: +$4.6 million ARK ARKB: +$193.7 million VanEck HODL: -$7.7 million Grayscale GBTC: -$33.3 million Grayscale Mini BTC: +$5.6 million

Bitcoin Surges Past $86,000

On March 1st, based on HTX market data, Bitcoin has seen a rebound and exceeded $86,000. It is currently trading at $86,062, recovering by about 10% from yesterday's low.

The two Bitcoin reserve bills in Arizona have passed the Senate and are now submitted to the House for consideration.

February 28th - Based on market information, two Bitcoin reserve bills in the state of Arizona, the United States, have now both obtained approval in the Senate and been submitted to the House for review. It is reported that SB 1025 passed with a vote of "17-11-2".

Bitcoin Rebounds Breaks $84,000, Ethereum Surpasses $2,200

On February 28th, according to HTX market data, Bitcoin continues to rebound and surges past $84,000. It is currently priced at $84,003.5, with the 24-hour decline narrowed to 1.68%. In addition, Ethereum has broken through $2,200 and is currently priced at $2,203.

Coinbase Analyst: Short-Term Lack of Positive Catalysts Leads to Bitcoin's Current Downward Trend

On Friday, February 28th, the analysts David Han and David Duong at Coinbase stated in a report: "We think that the reason for the decline in the Bitcoin price is the absence of positive catalysts in the short term and the lack of technical support between $80,000 and $95,000." The analysts pointed out that institutional fund flows reflect a cautious market sentiment. In the past week, more than $2.9 billion has been withdrawn from the US spot Bitcoin ETF. At the same time, as leverage ratios have decreased and funding rates have dropped across the board, the lending market has also echoed the risk-off sentiment. (The Block)

Bitcoin Breaks $82,000

On February 28th, according to HTX market data, Bitcoin surpassed $82,000 and is currently trading at $82,053.

Bloomberg Analyst: BlackRock Has Added a Bitcoin ETF to a Smaller Model Portfolio

On February 28th, Bloomberg's Senior ETF Analyst Eric Balchunas disclosed in a post on the X platform that it was reported that BlackRock had added the Bitcoin ETF IBIT to a smaller model portfolio. This constitutes a small portion of the allocation in the alternative category. However, it is the first time for BlackRock to include a Bitcoin ETF in an investment model, which is highly noteworthy and is almost like testing the waters.

Bitcoin Short-Term Rebound Surges Above $81,000

On February 28th, according to HTX market data, Bitcoin witnessed a short-term rally and broke through $81,000. It is currently trading at $81,013, with the 24-hour decline narrowed to 5.71%.

Bitcoin Bounces Back Above $80,000, 24-hour Loss Narrows to 6.95%

On February 28th, based on HTX market data, Bitcoin rebounded and rose above $80,000. It is currently trading at $80,122, and the 24-hour decline has narrowed to 6.95%.

Bitcoin Drops Below $79,000, 24-hour Loss Extends to 8.64%

On February 28th, according to HTX market data, Bitcoin fell below $79,000 and is currently trading at $78,977, with a 24-hour price decline of 8.64%.

CryptoQuant CEO: Bitcoin Could Consolidate in the $75,000 to $100,000 Range Long Term

On February 28th, Ki Young Ju, the CEO of CryptoQuant, stated on social media, "The Bitcoin spot trading volume is highly active around $100,000. During the distribution phases, when the new liquidity dries up, the price declines. The key question regarding whether the Bitcoin market will enter a multi-year bear market is: Where will the new liquidity come from?" "I believe we may witness a long consolidation period similar to that in early 2024 (for example, between $75,000 and $100,000) until Bitcoin experiences bullish developments that bring in new liquidity."

Michael Saylor Jokes: "I would sell a kidney to HODL Bitcoin."

On February 28th, Bitcoin has witnessed a rapid descent in the past few days. It has dropped by 25% from the recent peak. The strategy founder Michael Saylor playfully remarked on social media about the recent market situation: "If necessary, sell a kidney, but hold on to the Bitcoin."

Analyst: Trump Tariffs Re-emerge as Market Focus, Asian Market Risk Aversion Persists, Causing Bitcoin to Fall Below $80,000

On February 28th, the Coindesk analyst Omkar Godbole stated that Bitcoin (BTC) dropped below the SMA200 moving average line on Friday, with a weekly decline of 16%. Due to renewed worries about U.S. tariffs and an increased demand for the dollar, the price of Bitcoin briefly fell below the $80,000 mark for the first time since November 10th. On Thursday, Trump announced that he intends to impose tariffs on Canada and Mexico starting from March 4th and double the 10% universal tariff on Chinese imports. In a report to clients on Thursday, the Dutch International Group (ING) said, "We anticipate that U.S. tariffs will once again become the focus and drive the continuous strengthening of the dollar." The dollar index rose to 107.30, continuing its trend of rebounding from a low near 106.15 on Wednesday.

Yesterday the US Spot Bitcoin ETF saw a net outflow of $2.6631 billion

On February 28th, based on Trader T's monitoring, the net outflow of the US Bitcoin Spot ETF was $2.6631 billion the previous day.

Bitcoin Drops Below $80,000

On February 28th, according to HTX market data, Bitcoin fell below $80,000, experiencing a 24-hour decline of 5.4%.

Bitcoin Drops Below $81,000

On February 28th, according to HTX market data, Bitcoin fell below $81,000, with a 24-hour percentage change of -5.27%.

MetaMask has released a new roadmap, which includes the introduction of Smart Contract Accounts, support for Bitcoin, and the Solana network, among other features.

On February 28th, MetaMask released a new roadmap with the goal of enhancing the wallet's user experience. The new features include: · ERC-5792 Batch Transactions, enabling users to complete multiple steps like "approve + swap" with just one click, saving time and fees; · The introduction of Smart Contract Accounts, which improves security and recoverability; · The launch of Debit Cards in some U.S. states, allowing users to directly spend cryptocurrency assets; · Plans to support mainstream blockchains such as Bitcoin and Solana, enabling users to manage multiple digital assets on one platform.

Arthur Hayes: Bitcoin May Dip Below $80,000 This Weekend

On February 28th, Arthur Hayes made a post on social media, indicating that the current dip is establishing a lower low. Although he had contemplated increasing his risk exposure earlier this morning, upon observing this price movement, he came to the belief that there would be another significant drop, possibly falling below $80,000. This is likely to occur over the weekend, after which the market is expected to enter a period of tranquility.

Bitcoin has dropped 25% from its all-time high, while Ethereum has dropped 45% from its recent peak.

On February 28th, based on HTX market data, Bitcoin has seen a decline of over 25% from its all-time high of $109,588. It took 39 days to reach this point, and it is now trading at $82,726. During this bull market, Ethereum has dropped by 45% from its high of $4,107. This decline took 74 days, and it is currently trading at $2,223. SOL has dropped 55% from its all-time high of $295.8. It took 40 days to achieve this drop, and it is now trading at $131.6.

Bitcoin Dips Over 3.5% in 15 Minutes, Now Trading at $81,400

On February 28th, based on HTX market data, Bitcoin witnessed a decline of more than 3.5% within 15 minutes. It is now trading at $81,400.

Bitcoin Price Falls Below $84,000

On February 28th, according to HTX market data, Bitcoin fell below $84,000 and is now trading at $83,867.

Bitcoin Drops Below $83,000

On February 28th, based on HTX market data, Bitcoin fell below $83,000 and is currently trading at $82,980.

Bitcoin Drops Below $85,000

On February 28th, based on HTX market data, Bitcoin fell below $85,000 and is currently trading at $84,694.

Glassnode: Bitcoin Costly Area at $96,000 to $98,000 May Act as Strong Resistance

On February 28th, Glassnode took to social media and said, "From the end of December 2024 to February 2025, a significant accumulation took place within the range of $96,000 to $98,000." While some addresses within this price range are redistributing their BTC, this supply cluster remains highly concentrated—if we return to this level, it may potentially act as a strong resistance level.

Greeks.live: Traders See $82,000 as Crucial Bitcoin Support Level

On February 27th, the website Greeks.live released an article indicating that traders regard $82,000 as a crucial support level for Bitcoin. This level needs to be maintained in order to sustain the upward trend on a long-term time frame. Community members are extremely worried about the continuous decline. Many are discussing the rapid 17% drop that occurred within three days and debating whether the recent sell-off is under control or indicates a broader market shift. Several traders think that after this pullback, the price action of Bitcoin may become more volatile and it may potentially retest $88,000 before determining the next direction.

Texas Strategic Bitcoin Reserve Bill Advances Through Committee Review Stage

On February 27th, according to market information, the Strategic Bitcoin Reserve Bill in Texas has successfully passed the review stage of the Business and Commerce Committee and is ready to be submitted for Senate review.

If Bitcoin drops below $83,000, the mainstream CEX long liquidation pressure will reach 349 million.

On February 27th, based on Coinglass data, if Bitcoin drops beneath $83,000, the cumulative strength of long liquidation on mainstream CEXs will reach 349 million. Conversely, if Bitcoin exceeds $87,000, the cumulative strength of short liquidation on mainstream CEXs will reach 171 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, strength. Therefore, the liquidation chart shows to what degree the underlying price will be impacted when it reaches a particular level. A higher "liquidation bar" indicates that the price will have a more pronounced reaction due to a liquidity avalanche once it attains that level.

Bitcoin Drops Below $85,000

On February 27th, according to HTX market data, Bitcoin dropped below $85,000 and is currently trading at $84,977, with a 24-hour decrease of 2.76%.

Bitcoin Drops Below $86,000

On February 27th, according to HTX market data, Bitcoin dropped below $86,000 and is currently trading at $85,845, with a 24-hour decrease of 2.13%.

Strategist: US PCE Inflation Data Could Act as a Catalyst for Bitcoin Rebound

On February 27th, Matt Mena, the Crypto Research Strategist of 21Shares, pointed out that the strong earnings report released by Nvidia on Wednesday and the potential signs of cooling inflation in the US core PCE data on Friday are key events that could boost the sentiment of risk assets and thus drive the price of Bitcoin. Mena stated: "A positive regulatory environment, combined with Nvidia's strong earnings report - which indicates that the demand driven by AI will continue and boost the overall risk sentiment, as well as the potentially positive PCE inflation data to be released on Friday, could create an ideal macro environment for Bitcoin. It not only has the potential to return to its previous high but may even break through $150,000 as institutional and retail confidence surges." Mena also emphasized that regulatory clarity could be a game-changer for Bitcoin, especially in attracting institutional capital. He added: "If the US can provide clear guidance on stablecoins and br

Analyst: Market Sentiment Dampens Bitcoin Rebound, Lack of Policy Support Aggravates Tension

On February 27th, the analyst Susannah Streeter of Hargreaves Lansdown released a report indicating that due to the persistent negative sentiment in the cryptocurrency market, speculators who were hoping for a substantial Bitcoin rebound are experiencing disappointment. The threat of Trump's tariffs has driven investors away from risk assets. The Bybit cryptocurrency trading platform being victimized by a hack has also shaken investor sentiment. Although Bitcoin has witnessed a slight recovery, considering the rapid pace of depreciation, Bitcoin still has a long way to go before it can rise significantly. "If Trump does not take any firm actions to demonstrate his support for the cryptocurrency industry, it appears that the tense sentiment will persist." (Jinse)

Bitcoin Surges Above $87,000

On February 27th, based on HTX market data, Bitcoin experienced a rebound and surpassed $87,000. The 24-hour decrease was narrowed to 2.55%.

10x Research: Worst Case Scenario Bitcoin Price Could Fall to $72,000-$74,000 Range

February 27th. During the past few days, Bitcoin has reached a new 3-day low since the FTX crash (-15%). In a report to clients on Wednesday, Markus Thielen, the founder of 10x Research, stated that in a worst-case scenario, Bitcoin might drop to the range of $72,000 - $74,000 and then potentially rebound. He also pointed out the lag in the correlation between Bitcoin and the global central bank liquidity indicator. By analyzing the actual price paid by short-term holders, that is, the average price at which addresses holding the token for less than 155 days purchased BTC, Markus Thielen identified the key level of $82,000, indicating a potential demand zone around $82,000 (which has already been reached). Markus Thielen explained that historically, during bull markets (the actual price paid by short-term holders), Bitcoin rarely stays below this level for an extended period. In contrast, during bear markets, Bitcoin often remains below this level for a longer duration.

Bitcoin has fallen out of the top ten global asset market cap ranking.

On February 27th, based on the data from 8marketcap, Bitcoin has now slipped out of the top ten list in terms of global asset market value and is currently ranked eleventh. Meta Platforms has overtaken Bitcoin with a market capitalization of $1.706 trillion compared to Bitcoin's $1.675 trillion. Over the past 7 days, Meta Platforms has seen a 3.04% decrease in its total market value, while Bitcoin has experienced a 13.02% decrease in its total market value during the same period.

Yesterday the US Spot Bitcoin ETF saw a net outflow of $757 million

On February 27th, based on Trader T's monitoring, yesterday the US on-the-spot Bitcoin ETF witnessed a net outflow of $757 million.

CryptoQuant CEO: A 30% Pullback is Very Typical During a Bitcoin Bull Market

On February 27th, Ki Young Ju, the CEO of CryptoQuant, stated on social media, "If you are panic-selling at this moment, you might be a novice. In a Bitcoin bull market cycle, a 30% correction is rather common: in 2021, Bitcoin witnessed a decline of up to 53%, yet it still recovered and reached a new all-time high."

Bitcoin briefly drops below $83,000

On February 27th, based on HTX market data, Bitcoin briefly fell below $83,000, experiencing a 24-hour decrease of 5.85%.

Bitcoin briefly drops below $84,000

On February 27th, based on HTX market data, Bitcoin briefly fell below $84,000, experiencing a 24-hour decline of 3.73%.

Analyst: Bitcoin Indicators All Enter Correction Range, Clear Bottom or Need More Time

On February 26th, Julio Moreno, the research director of CryptoQuant, posted on social media that it cannot be asserted that the price of Bitcoin has bottomed out at present. All valuation indicators have entered the adjustment range, and this process may require more time. For instance, MVRV is below its 365-day moving average (each time it falls below, it needs time to adjust). BlockBeats Note: MVRV is a relative indicator, representing the ratio of Circulating Market Cap (MV) to Realized Cap (RV).

Bitcoin Spot ETF saw a record high net outflow of $1.139 billion yesterday.

On February 26th, based on SoSoValue data, on February 25th (in US Eastern Time), the total net outflow of Bitcoin spot ETF was $1.139 billion. Yesterday, Grayscale ETF GBTC had a single-day net outflow of $66.1434 million, and the cumulative net outflow of GBTC up to now is $22.232 billion. The Grayscale Bitcoin Mini Trust ETF BTC had a single-day net outflow of $85.7628 million, and the historical total net inflow of the Grayscale Bitcoin Mini Trust BTC is $1.107 billion. As of the time of this report, the total net asset value of the Bitcoin spot ETF is $101.012 billion, with an ETF net asset ratio (market value as a percentage of the total Bitcoin market value) of 5.78%, and the historical cumulative net inflow has reached $37.878 billion.

Bitcoin Drops Below $86,000

Update: On February 26th, based on HTX market data, Bitcoin fell below $86,000 and is currently trading at $85,909.

Bitcoin Drops Below $87,000

On February 26th, based on HTX market data, Bitcoin has fallen below $87,000 and is currently trading at $86,828.

Bitcoin Drops Below $88,000

On February 26th, based on HTX market data, Bitcoin has fallen below $88,000 and is currently trading at $87,819.

Standard Chartered Bank Analyst: Bitcoin Expected to Continue Downtrend, Price Impact by Spot ETF Selling Pressure

On February 26th, Geoff Kendrick, the Cryptocurrency Research Director at Standard Chartered Bank, stated that Bitcoin will continue its recent downward trend and is expected to drop by another 10%. Kendrick further added that the decline in US Treasury yields might boost Bitcoin's price. In the long term, against the backdrop of slowing economic growth and rising inflation expectations, US Treasury yields reached a low of 4.32% on Tuesday, which is the lowest level since mid-December. The falling yields may prompt investors to withdraw capital and seek assets with better price performance, like Bitcoin. However, now is not the best time to buy Bitcoin. This is because a US Bitcoin spot ETF may experience outflows. If economic skepticism forces investors to sell their Bitcoin ETF, then Bitcoin's price will surely decline. BlockBeats previously reported that yesterday, the US Bitcoin spot ETF witnessed a net outflow of $9.35 billion, marking the highest outflow since its launch. In Febr

Ark Invest bought $8.7 million worth of COIN stock this Tuesday and sold an equivalent amount of Bitcoin spot ETF.

On Tuesday of this past week, Ark Invest purchased 41,032 shares of Coinbase stock for its Next Generation Internet ETF (ARKW), with a value of $8.7 million. During the widespread cryptocurrency market sell-off, it also sold $8.6 million worth of spot Bitcoin ETF. This is the first time since Ark purchased $2.2 million worth of COIN on October 8th of last year that it has bought Coinbase stock for its fund. According to the company's disclosure, as of February 25th, COIN is currently the sixth largest holding in its ARKW fund, accounting for a weight of 5.5% and having a value of approximately $94.4 million.

IntoTheBlock: Bitcoin Held in 1K-10K Addresses Witnessed an Outflow of 25,740 BTC in the Last 7 Days

On February 26th, IntoTheBlock released a post indicating that in the range of addresses holding 1,000 to 10,000 Bitcoin, the main sellers were during this recent drop. They sold off 25,740 BTC in the past 7 days. However, overall on-chain data shows that Bitcoin addresses are accumulating in general. This suggests that many traders are taking the opportunity of the lower prices to increase their holdings of BTC.

QCP: Risk-off Sentiment Triggers Bitcoin Sell-off, Market Confidence Lacking, Stagflation Risk Rises

February 26th: QCP issued its daily analysis indicating that global risk aversion sentiment resulted in declines in the stock market, gold, and Bitcoin, giving rise to rumors of impending stagflation. The data shows that tariffs have started to impact consumer sentiment. Although it is still too early to confirm stagflation, the market's response to recent events indicates an increasing sense of unease. The U.S. government confirmed a 25% tariff on imports from Canada and Mexico (effective from March 3rd), further dampening market sentiment. With expectations of tougher measures against China on the rise, investors have reduced their risk exposure in the face of heightened uncertainty. In this environment, the marginal buyers of risk assets are limited, increasing the possibility of further declines. ETF outflows have confirmed the lack of confidence in the market. Key recent events include the NVDA earnings report and PCE data. In the coming weeks, consumer and retail sentiment surv