BRN Analyst: Maintains Bullish View, Expects Market to Rebound by End of the Week
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)
10 minutes ago
A 73-Year-Old Montana Man Convicted by Jury for Cryptocurrency Money Laundering
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
10 minutes ago
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.
10 minutes ago
Deutsche Telekom Becomes an Injective Node Validator
On February 27th, as reported by The Block, Deutsche Telekom has joined the ranks of Injective node validators. Just like in other staking protocols, Injective will distribute a portion of the network's staking rewards and transaction fees to the validating nodes in accordance with the network conditions.
10 minutes ago
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.
10 minutes ago
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