Analyst: Bitcoin May See Further Pullback, Better Entry Point if Trend Line is Broken

**February 12th Update** Per LookOnChain data, trader loracle.hl netted a $638,000 profit in under an hour by shorting BERA. Once BERA broke above $1, the trader initiated short positions and continuously added to them until the token hit $1.33. He closed all positions once BERA fell back below $1, locking in the $638,000 gain—all within 60 minutes. loracle.hl also holds the largest HYPE long position, with 1.53 million HYPE longs valued at $46.45 million.

On February 12, Matthew Sigel, VanEck’s Director of Digital Asset Research, revealed on social media that Coinbase CEO Brian Armstrong sold another 40,000 shares of COIN on January 5, 2026, netting approximately $101.6 million based on the stock’s price at the time. Coinbase’s stock has fallen from a peak of $444.64 to its current level of $153.2. Prior reports show Armstrong sold roughly $437 million worth of COIN in Q4 2024, followed by about $196 million in Q2 2025 and $268 million in Q3 2025. In total, he has executed 88 sell orders with zero buy orders—all transactions were reductions in his holdings, with no purchases on record.

Feb. 12 — Onchain Lens data shows Arthur Hayes purchased an additional 20,274 HYPE tokens ($603k) 5 hours ago. He now holds 189,195 HYPE tokens valued at $5.79M.

On February 12, per GMGN Monitoring (link: https://gmgn.ai/base/token/i_m4TE56o8_0xa1f72459dfa10bad200ac160ecd78c6b77a747be), Base ecosystem meme coin **CLAWNCH** has continued climbing recently—surging ~38% in short-term moves this morning to hit a peak market cap of $18.5 million. It currently trades at ~$0.00017, with a current market cap of $17.2 million and 24-hour trading volume of $2.2 million. BlockBeats reminds users that meme coin trading is highly volatile, driven largely by market sentiment and hype rather than actual value or use cases. Investors should be aware of the risks. ### Notes on U.S. English adaptation: 1. **Conciseness**: Used "per" (common in quick updates) instead of "according to"; cut redundant phrasing. 2. **Clarity**: Explicitly labeled "$18.5 million" as "market cap" (avoids ambiguity—price is $0.00017, so the figure must refer to market cap). 3. **Flow**: Used an em dash to connect the surge to its impact (natural for U.S. news/updates).

February 12th — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), BERA’s price briefly spiked to $1.36 early this morning before plummeting more than 35% within 15 minutes to a low of $0.88. Trader Loracle (X: @loraclexyz) — an early Hyperliquid contributor, founder of Hypurrfun, and alias for Laurent Zeimes — gradually built up a short position in the $1 to $1.33 range during the move, topping out at a $3.8 million position. He closed out the full position for profit when BERA dropped to ~$0.9, netting $630,000 total (nearly a 50% return) over just 4 hours. Loracle has recently deployed a compound hedging strategy: holding a large HYPE long position while taking a significant short on BTC. Currently, he is Hyperliquid’s largest HYPE and PAXG long holder, plus its top BTC short holder, with a total position of $107 million and nearly $11 million in unrealized profits. He also recently bought the HYPE dip at an average $22 and hasn’t closed that position

February 12 — Per GMGN monitoring (via https://t.me/gmgnaibot?start=i_m4TE56o8), activity in the Base ecosystem has rebounded sharply recently, with several on-chain tokens posting notable gains. - Meme token CLAWNCH (link: https://gmgn.ai/base/token/i_m4TE56o8_0xa1f72459dfa10bad200ac160ecd78c6b77a747be) saw its market cap surpass $18 million, currently sitting at $18.14 million. It’s up over 20% in 24 hours, with a trading volume of $2.2 million. - Meme token KellyClaude (link: https://gmgn.ai/base/token/i_m4TE56o8_0x50d2280441372486beecdd328c1854743ebacb07) briefly topped $16 million—hitting a new all-time high (ATH). Its current market cap is $15.4 million, with a 23% 24-hour gain and $2.3 million in trading volume. BlockBeats reminds users that meme coins are extremely volatile, heavily tied to market sentiment and hype, and lack tangible value or use cases. Investors should be cautious of the risks involved.