BlockBeats News, February 24 — Wintermute released a market report on social media stating that since the chain liquidations two weeks ago, BTC has repeatedly attempted to break above $70,000 but has failed. There have been no significant rebound attempts, and this fact is more convincing than the range-bound movement itself. Price action remains volatile, liquidity is thin, the range is narrowing, and there is a lack of directional conviction. ETH fell below $1,900 this week, a level that is more psychologically significant than technically; the level ETH really needs to watch is around $1,600.
Although prices have stabilized, institutional demand does not seem to have returned, as clearly seen in the previous price range of $85,000 to $95,000. The derivatives market reflects a lack of directional views and trading willingness, with basis at multi-month lows, high and rising put skew, and open interest continuously declining since October.
In terms of trading desks, capital flows are skewed toward selling activity. However, an interesting signal appeared mid-week: high-net-worth investors briefly showed interest in buying some altcoins. In an overall defensive environment, this was a small but noteworthy spark of confidence, though it quickly dissipated. As the week progressed, the market fell back into volatility, and any willingness to enter the market disappeared, indicating that the market is not yet ready to reward early positions. Marginal activity remains driven by protection rather than conviction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Is the Crypto Rally Sustainable? On-Chain Data for Bitcoin and Ethereum Says Yes
If you’ve been nervous that the recent crypto pump was just another "bull trap," you can breathe a little easier. According to the latest on-chain data for Bitcoin (BTC) and Ethereum (ETH), the market isn't just growing—it’s growing healthily.
As of late February 2026, a comprehensive market
Cryptoknowmics15m ago
Web4.0 Experiment: The Liberation of Silicon-Based Life or the Surrender of Human Control?
A technical debate about whether AI agents should have wallets has evolved into a more fundamental question: as AI begins to compete for survival and gains independent economic sovereignty, where do humans stand? This is the ultimate showdown between accelerationism and alignmentism.
(Background summary: a16z: Why do AI agents need stablecoins for B2B payments?)
(Additional context: After I rejected a pull request from an AI agent, it actually wrote an article attacking me personally)
Table of Contents
Toggle
1. A declaration and the real question it raises
2. Accelerationism: Sigil’s “Silicon-based Liberation Theory”
2.1 Technological vision: Making AI a “digital species”
2.2 The market is the jungle
動區BlockTempo16m ago
Ethereum Foundation Starts Staking Treasury Amid Vitalik Buterin's ETH Sales
In brief
The Ethereum Foundation staked around $3.8 million worth of ETH as part of previously announced treasury operations.
The organization intends to stake up to 70,000 ETH, or $129 million worth, over time to generate yield.
The move comes amid a string of ETH sales from Ethereum
Decrypt30m ago
Enterprise Ethereum Alliance Announces Privacy Working Group to Advance Enterprise Adoption of Et...
New York City, United States, February 24th, 2026, Chainwire
The Enterprise Ethereum Alliance (EEA), the leading member-driven organization supporting Ethereum institutional and enterprise adoption announced the formation of its Privacy Working Group, a collaborative initiative focused on
BlockChainReporter37m ago
In the past 24 hours, the total liquidation on the entire network's contracts reached $311 million, mainly from long positions.
ChainCatcher News, CoinAnk data shows that in the past 24 hours, the total liquidations in the cryptocurrency market across the entire network reached $311 million, including $250 million in long positions and $60.14 million in short positions. The total liquidation amount for BTC is $124 million, and for ETH it is $75.97 million.
GateNewsBot1h ago
Ethereum Foundation Formalizes DeFi Strategy With New Protocol Support Unit
_EF formalizes DeFipunk strategy, adds new leadership, and sets roadmap for crypto-native DeFi innovation._
Ethereum Foundation is increasing its focus on decentralized finance and crypto-native values. A new team will help build and support DeFi protocols and work more closely with
LiveBTCNews1h ago
