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

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).

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.

On February 26th, as monitored by LookOnChain, the LIBRA and MELANIA internal teams are engaging in money laundering through "wash trading." The team used 19,846 SOL (approximately $2.76 million) to purchase a meme coin (POPE) with a market value of less than $150,000 and finally sold it for 175 SOL (approximately $24,000), resulting in a loss of $2.73 million. This $2.73 million was effectively transferred to other wallets in a "legitimate" manner.

On February 26th, based on Coinglass data, the total liquidations within the past 4 hours have experienced a significant surge to $121 million. Specifically, the long liquidations reached $113 million, while the short liquidations totaled $8.92 million.

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

On February 26th, based on HTX market data, Ethereum has fallen below $2,400 and is currently priced at $2,396.