Ahead of Two High-Stakes Negotiations, Precious Metals Prices Continue to Drop
**Feb 17 Precious Metals Slide Amid Geopolitical Negotiation Hopes**
Precious metals extended losses during Chinese New Year holiday market closures. Spot gold briefly hit $4,860/oz, down ~2.6% intraday—following a 1% drop in the prior session. Spot silver plunged over 4% intraday, falling below $73/oz.
Market sentiment was shaped by geopolitical negotiation expectations. U.S. President Trump said he would participate “indirectly” in U.S.-Iran nuclear talks in Geneva, adding Iran is open to a deal. Meanwhile, the third round of Russia-U.S.-Ukraine talks may focus on territorial issues. Analysts note easing diplomacy could shift funds to risk assets, pressuring safe-haven demand.
DHF Capital CEO Bas Kooijman said cautious optimism from the talks weakened safe-haven buying. City Index analyst Fawad Razaqzada noted gold’s short-term downside risk rises if it stays below $5,000/oz, potentially dimming bullish sentiment. KCM’s Tim Waterer added gold lacks near-term catalysts amid g
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ZeroLend has announced that it is ceasing operations, has reduced the LTV to 0% for most markets, and is urging users to withdraw their funds as soon as possible.
On February 17, lending protocol ZeroLend announced it will wind down operations gradually.
After three years of operation, the team cited **diminishing liquidity from early supporter chains**, the **termination of oracle service support**, the protocol’s **limited profit margins**, and **elevated risks** as reasons its current model is unsustainable.
As the protocol scaled, it drew more hacker and fraud attention—combined with long-term operational losses—prompting the decision to shut down in an orderly fashion. The top priority now is ensuring **safe user asset withdrawals**: most markets already have 0% LTV (loan-to-value) set. The team strongly urges users to withdraw remaining funds from the platform as soon as possible.
For assets like Manta, Zircuit, and XLayer (where on-chain liquidity has deteriorated sharply), some funds are in low-liquidity or inactive environments. The team says it will advance **affected asset reallocation** via timelock upgrades and smart contra
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Bitcoin Briefly Dips Below $68,000, Currently Trading at $68,187
On February 17, per HTX market data, Bitcoin briefly dipped below $68,000 and is currently trading at $68,187, marking a 0.28% 24-hour decline.
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Analysis: Market in Extreme Fear or Signaling Approach of a Temporary Bottom
**Crypto Market Sentiment Hits Extreme Fear; Bitcoin Signals Potential Bottom (Cointelegraph)**
Feb 17 — Per Cointelegraph, crypto market sentiment has slipped into **extreme fear**, with signs pointing to a potential "lasting bottom" as selling pressure gradually eases.
The Bitcoin Fear & Greed Index notes that when its 21-day moving average (MA) drops below the zero line then turns upward, it often signals a temporary bottom — and such a signal has emerged now. This typically indicates weakening selling momentum and the start of more stable market conditions. However, the outlet warns short-term price downside pressure may still persist. Still, historical trends show extreme negative sentiment often creates a relatively attractive entry point.
Separately, Alternative.me’s Fear & Greed Index reads 10 (out of 100), landing in the "extreme fear" zone — a low not seen since June 2022. Hive Chairman Frank Holmes stated Bitcoin’s current price is roughly two standard deviations be
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Bitcoin Withdrawal Sentiment Continues, with a CEX Net Outflow of 3,083.80 BTC in the Last 24 Hours
As of February 17th, Coinglass data shows Bitcoin (BTC) had a total net outflow of 3,083.80 BTC from centralized exchanges (CEXs) over the past 24 hours.
Top 3 CEXs by BTC outflow:
- Binance: 3,073.95 BTC
- Gemini: 236.03 BTC
- Coinbase Pro: 222.72 BTC
Meanwhile, Gate led CEX inflows with 227.01 BTC.
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Spot Gold Sell-Off Intensifies, Down 2.60% Intraday, Extends Losses to Test $4860/oz Downside
Feb. 17, Bitget market data shows spot gold extended losses, falling to $4,860 per ounce with an intraday drop of 2.60%.
New York spot gold plummeted 3.00% intraday, last trading at $4,886.00 per ounce; New York spot silver plunged 7.00% intraday, last at $72.51 per ounce.
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