Overview
- - On-chain data show wallets labeled as Garrett Jin sent 261,024 ETH (about $540 million) to Binance over the weekend, a move linked to heavy selling that drove ether toward the $1,900–$2,000 area before a modest bounce.
- - Derivatives indicators skew bearish, with Ethereum’s 30-day taker buy/sell ratio down to 0.97, futures open interest slipping as de-risking continues, and negative funding persisting across several large altcoins.
- - Recent net outflows of roughly $410 million from US spot crypto ETFs coincided with Standard Chartered cutting 2026 targets for BTC, ETH, XRP and SOL and warning of near-term downside risk.
- - XRP’s sharp Feb. 15 rebound faded back into the $1.47–$1.62 range as short positioning and falling funding weighed, even as CoinMarketCap reported a record 507,110 XRP holders and U.S. spot XRP ETFs logged about $4.5 million in inflows.
- - Bitcoin hovered near $68,000–$69,000 as market liquidity stayed thin, and multiple analyses flagged ETH’s bearish pennant structure and weak demand, with some highlighting risk toward $1,500 if $1,900 support fails.