Overview
- Bitcoin traded near $66,000 after giving back a brief rebound, keeping prices locked in a $66,000–$72,000 range following last week’s dip to about $60,000.
- New deleveraging waves hit derivatives markets, with roughly $394 million in long positions liquidated over 24 hours and earlier cascades topping $2.7 billion, while futures open interest sits 51% below its October 2025 peak.
- Stronger U.S. jobs data lowered the odds of near‑term Federal Reserve rate cuts, and trading desks point to ongoing rotation into AI and tech stocks that has siphoned capital from crypto.
- Spot bitcoin ETFs posted modest daily net inflows of roughly $145 million to $167 million this week, set against an estimated $5.7 billion in outflows reported between November and January.
- On‑chain realized losses have approached levels seen during the 2022 Luna episode, observers flagged large BlackRock transfers to Coinbase Prime as potential positioning, and major altcoins from Zcash to Solana extended declines with sentiment in “extreme fear.”