Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

As of Feb. 20, HTX market data shows Bitcoin (BTC) briefly dipped below $67,000, last trading at $67,068. Just five minutes ago, the "BTC OG Insider Whale" transferred another 5,000 BTC to Binance.

Feb. 20 — LookOnChain data shows the "BTC OG Insider Whale" has deposited another 5,000 BTC to Binance just 5 minutes ago, with the tokens valued at roughly $335.75 million.

On February 20, former U.S. President Donald Trump posted on Truth Social, stating the government shutdown caused by the Democratic Party had led to at least a 2% drop in U.S. GDP. He noted Democrats are now trying to stage a smaller-scale shutdown, urging, “Let’s not have another government shutdown!” He also criticized Democrats for seeking interest rate cuts, calling Federal Reserve Chair Jerome Powell “the worst.”

On February 20th, analyst Darkfost noted that Ethereum’s ongoing pullback has put significant pressure on holders—all whale cohorts are currently sitting on negative unrealized profit/loss (P/L), a historical pressure state that often signals a mid-term bottom. Key details: - 1k–10k ETH holders: Unrealized P/L = -0.21 - 10k–100k ETH holders: Unrealized P/L = -0.18 - 100k+ ETH holders: Unrealized P/L = -0.08 Darkfost added that the trend is surprising because Ethereum’s price hasn’t even retraced to its low from last April. If ETH continues to decline, these mega-whales could face serious trouble, potentially being forced to capitulate and offload their large ETH holdings.

As of February 20, on-chain analytics firm Glassnode reports Bitcoin is trading around the $67,000 level, with unrealized losses within this price range representing roughly 19% of the crypto’s total market capitalization. Current market volatility mirrors the market structure observed in May 2022.

February 20th: Data from Coinbob Popular Address Monitor shows that in the past half-hour, the DeFi whale address "pension-usdt.eth" has closed all its BTC long positions, realizing approximately $994,000 in profit with an average closing price of around $68,000. The address opened its position yesterday evening when BTC was trading at roughly $66,500, holding 1,000 BTC (valued at about $68 million at the time). This whale typically employs a low-leverage, short-term strategy (average holding period of ~30 hours) and focuses on heavy positions in BTC and ETH. Since last October, its cumulative profit has exceeded $23 million. Recently, the address has been continuously moving significant profits from Hyperliquid into the yield farming market; its total lending on AAVE now stands at approximately $22 million.