ChainCatcher message, CryptoQuant CEO Ki Young Ju posted an analysis stating that the traditional Bitcoin-driven rotation model for crypto assets has ended, influenced by regulation and institutional adoption. He illustrated this with a metaphor of "climate change," saying, "'rainy season' has completely disappeared, leaving only occasional drizzles."New funds will mainly flow into the market through stablecoins or widely accepted large-cap tokens, rather than a traditional broad altcoin market. Ki Young Ju also shared a five-phase roadmap to "altcoin season," which includes stablecoins, Bitcoin, large-cap tokens, selected crypto-native tokens, and institution-supported tokens.

ChainCatcher message, according to SoSoValue data, last week (Eastern Time from February 18 to February 21) the Bitcoin spot ETF had a net outflow of 559 million USD.The Bitcoin spot ETF with the highest net inflow last week was the VanEck Bitcoin ETF HODL, with a weekly net inflow of 4.13 million USD, bringing the total historical net inflow of HODL to 871 million USD. The Bitcoin spot ETF with the highest net outflow last week was the Fidelity Bitcoin ETF FBTC, with a weekly net outflow of 166 million USD, and the total historical net inflow of FBTC currently stands at 12.33 billion USD.As of the time of writing, the total net asset value of Bitcoin spot ETFs is 110.795 billion USD, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 5.88%, and the historical cumulative net inflow has reached 39.556 billion USD.

ChainCatcher news, according to Cointelegraph, the state of Georgia in the United States has introduced a second Bitcoin reserve bill (SB 228), allowing the state to invest in Bitcoin without any investment restrictions.Previously, it was reported that the state of Georgia proposed a bill allowing the state treasurer to invest in Bitcoin. According to reports, the bill involves state deposit institutions to stipulate that the state deposit commission allows the state treasurer to invest in Bitcoin; sets limits on such investments; establishes requirements for the safe handling of such assets; regulates the lending of such assets; and repeals conflicting laws, among other provisions.

ChainCatcher news, according to Coinglass data, the total liquidation across the network in the past 24 hours was 137 million dollars, with long positions liquidated at 85.12 million dollars and short positions liquidated at 51.47 million dollars. Among them, Bitcoin liquidations amounted to 19.71 million dollars, and Ethereum liquidations were 34.06 million dollars.

ChainCatcher news, according to Coinglass data, in the past week, major cryptocurrency exchanges have seen a total outflow of 10,347.13 bitcoins. Among them, Bybit had the largest seven-day outflow, reaching 19,740.09 bitcoins; Coinbase Pro had a net outflow of 576.44 bitcoins, while Binance had a net inflow of 6,537.45 bitcoins. Currently, the total balance of bitcoins on cryptocurrency exchanges is 2,219,900.

ChainCatcher news, the Montana House of Representatives voted against a proposed bill on February 22 that aimed to designate Bitcoin as a state reserve asset.The bill proposed the establishment of a special revenue account to invest in precious metals, stablecoins, and digital assets with a market capitalization exceeding $750 billion, of which only Bitcoin currently meets this standard. The bill faced opposition from several Republican lawmakers, who argued that it would allow the state investment board to engage in excessive speculation with taxpayer funds, posing too high a risk. Supporters contended that if the bill were not passed, the state government would miss the opportunity to enhance its returns on investment. Currently, the bill has been effectively shelved, and any future reintroduction would require resubmission for legislative review.

ChainCatcher news, 10x Research analysis states that despite attracting a net inflow of $38.6 billion since the launch of the Bitcoin ETF in January 2024, its analysis indicates that only $17.5 billion (44%) represents genuine bullish buying. Most (56%) may be related to arbitrage strategies, where short positions in Bitcoin futures offset the inflows.

ChainCatcher news, Hong Kong listed company Hong Kong Asia Holdings announced that its board of directors has approved the company's further increase in its investment in Bitcoin, and on the 20th of this month, it conducted a series of transactions on a public market cryptocurrency trading platform to purchase approximately 7.88 units of Bitcoin, at a total cost of about 5.9369 million Hong Kong dollars, funded by internal resources of the group. It currently holds approximately 8.88 units of Bitcoin, with an average cost of 756,200 Hong Kong dollars.

ChainCatcher message, Michael Saylor, the founder of Strategy (formerly MicroStrategy), has once again released charts related to Bitcoin Tracker, stating: "I don't think this reflects what I did last week."According to previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after relevant news is released.

ChainCatcher news, according to Cointelegraph, U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. stated, "I am a staunch supporter of Bitcoin... I have invested most of my wealth in Bitcoin, so I am all in."

ChainCatcher message, Bybit CEO Ben Zhou disclosed that hackers are converting stolen funds into Bitcoin through the Chainflip cross-chain bridge. Zhou published several suspicious transaction hashes and the hacker's Bitcoin receiving address, while calling on cross-chain bridge service providers to assist in stopping the fund transfer.Zhou stated that Bybit will soon launch a bounty program to reward those who help track or stop the fund transfer and ultimately facilitate the recovery of the funds.

ChainCatcher message, according to SoSoValue data, yesterday (Eastern Time, February 21) saw a total net outflow of $62.7725 million from Bitcoin spot ETFs.Yesterday, Grayscale ETF GBTC had a net outflow of $60.0798 million, and the historical net outflow for GBTC is currently $22.106 billion.Grayscale Bitcoin Trust ETF BTC had a net outflow of $0.00 yesterday, and the historical total net inflow for Grayscale Bitcoin Trust BTC is currently $1.199 billion.The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $21.6410 million, and the historical total net inflow for IBIT has reached $40.878 billion.Next is VanEck ETF HODL, with a net inflow of $4.7112 million, and the historical total net inflow for HODL has reached $871 million.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $110.795 billion, with an ETF net asset ratio (market cap as a percentage of total Bitcoin market cap) of 5.88%, and the historical cumulative net inflow has reached $39.556 billion.

ChainCatcher news, according to Lookonchain monitoring, today 10 U.S. Bitcoin ETFs had a net outflow of 2744 BTC ($270.93 million), among which BlackRock had an outflow of 1137 BTC ($112.26 million), and currently, BlackRock holds 586,641 BTC ($57.93 billion);9 Ethereum ETFs had a net outflow of 3148 ETH ($8.83 million), among which Grayscale ETHE had an outflow of 2094 ETH ($5.87 million), and currently, Grayscale holds 1,300,716 ETH ($3.65 billion).

ChainCatcher news, according to Cointelegraph, analysts point out that if Bitcoin can close above $97,000 this week, it is expected to launch an attack on historical highs. Currently, Bitcoin has risen for three consecutive trading days, up 6% from the low of $95,000 on February 18, trading at $99,158.Analyst Rekt Capital stated that Bitcoin is currently receiving support at the lower boundary of the triangular market structure at $97,028. Although Bitcoin has seen dips over the past three weeks, it has maintained the integrity of this pattern.Another analyst, Warren Muppet, pointed out that Bitcoin has broken above $98,000 for the first time since February 4, and if the breakout is confirmed, it is expected to challenge historical highs.

ChainCatcher news, according to Cointelegraph, Strategy (formerly MicroStrategy) founder Michael Saylor stated, "Only one nation-state has the ability to buy 20% of all Bitcoin, and clearly, I think it should be the United States."

ChainCatcher news, according to Glassnode analysis, the 1-week realized volatility and 1-week implied volatility (IV) of Bitcoin have approached multi-year lows, with similar IV levels occurring at the beginning of 2023 and the beginning of 2024.