Two new addresses withdrew a total of 1178.5 BTC from Binance today, approximately $102 million.

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.

On February 27th, BRN analyst Valentin Fournier said, "President Donald Trump of the United States announced the potential of imposing a 25% tariff on European goods, once more triggering investors' fears and resulting in the cryptocurrency Fear and Greed Index dropping to 10, which is in the extremely fearful territory." While some are concerned about the onset of a bear market, history indicates that a 25% pullback is rather common during a bull market cycle. Additionally, the United States' efforts to establish a national cryptocurrency reserve still serve as a significant long-term catalyst. We maintain a bullish attitude and anticipate that the market will rebound before the end of this week. We continuously increase our holdings in Solana and remain neutral towards BTC and ETH. (The Block)

On February 27th, the U.S. Department of Justice issued a statement stating that a man from Montana has been convicted of a cryptocurrency money laundering conspiracy. Randall V. Rule, 73 years old and formerly from Kalispell, Montana, was found guilty on all charges by the jury after a three-day trial presided over by U.S. District Court Judge Jeremy D. Kernodle on February 26, 2025. Acting U.S. Attorney McGlothin said, "We will not remain idle as our citizens become victims of financial crimes and have their savings stolen. We will actively prosecute those fraudsters as well as those who assist them through the laundering of criminal proceeds." On November 16, 2022, Rule and Gregory C. Nysewander from Elmore, South Carolina, were indicted by a federal grand jury, accused of participating in a money laundering conspiracy, money laundering, and conspiracy to violate the Bank Secrecy Act. According to the indictment, Rule and Nysewander are accused of conspiring with others to profi

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.

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.