ChainCatcher news, according to Bitcoin.com, Bitcoin is currently consolidating around $84,160, with prices hovering between $83,238 and $84,492. However, market trading volume is low, and traders are focused on a breakout in this price range. The mixed signals from oscillators and moving averages indicate indecision.The market is watching for confirmation of bullishness above $85,000, while a drop to $83,000 could lead to further pullbacks. Despite a recent rebound, long-term indicators still lean towards bearish.

ChainCatcher news, according to Ember monitoring, the whale nemorino.eth, which was previously bearish on ETH, has started to buy back Ethereum. Two hours ago, it repurchased 3,000 ETH for 5.718 million USDC, at an average price of $1,906.Earlier, in early February, it sold 10,828.5 ETH (28 million USD) at a price of $2,586 to unwind leverage and turned bearish on ETH, after which ETH dropped to $1,800. After unwinding leverage, it sold another 2,000 ETH and 3,000 ETH in March at prices of $2,184 and $1,912, respectively.

ChainCatcher message, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the cryptocurrency market is no longer bearish. The specific funding rates of mainstream coins are shown in the attached image.Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of traders holding contracts, keeping the contract price close to the underlying asset price.When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.

ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital, stated that the rise of CeDeFi is the biggest negative for Ethereum, as it means that a large amount of business logic that was originally expected to run on distributed networks as open-source smart contracts has actually turned into closed-source code running on a single server.Zhu Su believes that Ethereum needs to embrace use cases that benefit from global distributed computing and anti-censorship characteristics, including some cypherpunk-style applications (such as privacy protection) and yet-to-be-developed low-hanging fruits.He pointed out that if Ethereum itself does not perform well, decentralized finance will find it difficult to rise again, because in a world where validator decentralization and demand for smart contracts are low, people can choose to operate off-chain to save time and money.

ChainCatcher news, according to Cointelegraph, multiple analysts have warned that the ETH/BTC exchange rate may further decline in the coming weeks. Crypto analyst Alessandro Ottaviani described the current situation as a "falling knife" scenario, indicating that it is experiencing a rapid and steep decline, which typically discourages buyers from entering too early. The "falling knife" metaphor suggests that attempting to "catch the knife" when one believes the asset is at a low point can lead to greater losses, especially when the downward trend continues.Technically, the relative strength index (RSI) on the ETH/BTC two-week chart has fallen to a historical low of 23.32. While an RSI below 30 typically indicates an oversold condition that may trigger a rebound, Ethereum's RSI has continued to decline for two months after being oversold, indicating that the downward trend is accelerating rather than stabilizing. If it cannot rebound from the 0.022 BTC level, ETH/BTC may continue to drop to the 0.020-0.016 BTC range, representing a further decline of about 30% from the current price.Fundamental factors also support a bearish outlook. Ethereum faces strong competition from rivals like Solana, with VanEck data showing that Solana's decentralized exchange trading volume has surpassed that of Ethereum. Additionally, the launch of spot Bitcoin ETFs has disrupted traditional cryptocurrency market cycles, with $129 billion flowing into Bitcoin ETFs in 2024 draining liquidity from the altcoin market, including Ethereum.

ChainCatcher message, according to Coinglass data, the funding rates of mainstream CEX and DEX show that the cryptocurrency market is still in a bearish trend. The specific funding rates of mainstream coins are shown in the attached image.ChainCatcher Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee, which is used to adjust the cost or profit of the contracts held by traders, keeping the contract prices close to the prices of the underlying assets.When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

According to ChainCatcher news, the official social media announcement states that the Huobi HTX themed column "Dialogue with HTX Partners" will be held today at 20:00 (UTC+8) via Huobi HTX Twitter Space. At that time, crypto KOL Chen Jian Jason and Zi Shi will be invited to attend, with the theme "Decoding the Wealth Code: Where Are the Signals for Bull and Bear Reversals?" to deeply analyze the bull and bear signals in the crypto market and provide insights into future trends.

ChainCatcher message indicates that, influenced by factors such as Trump's executive order to establish a Bitcoin strategic reserve falling short of expectations, the cryptocurrency market sector has once again turned bearish. Bitcoin (BTC) has dropped 4.21% in the last 24 hours, briefly falling below the $85,000 mark, while Ethereum (ETH) has decreased by 4.72%, dropping below $2,200. Additionally, the ETF Candidates sector fell by 4.07%, with Cardano (ADA) down 11.77%.In other sectors, the CeFi sector has decreased by 1.35% in the last 24 hours, with Bitget token (BGB) relatively resilient, rising by 1.20%; the PayFi sector fell by 2.11%, and the Layer2 sector dropped by 3.10%, although Movement (MOVE) rose against the trend by 6.62%; the Meme sector declined by 3.97%, and the Layer1 sector fell by 4.01%, with Sui (SUI) rising by 3.11% against the trend; the DeFi sector decreased by 5.42%, while Ethena (ENA) rose by 6.92% against the trend.Furthermore, the cryptocurrency sector indices reflecting historical market performance show that the ssiRWA, ssiDeFi, and ssiMAG7 indices fell by 6.21%, 5.47%, and 3.79% respectively in the last 24 hours. It is worth mentioning that the weekly return rates for the ssiMAG7 and ssiPayFi indices reached 6.20% and 14.17%, respectively.

ChainCatcher message, Greeks.live macro researcher Adam released an English community briefing, pointing out that after experiencing significant losses, community sentiment seems generally bearish, with traders closely watching the $82,000 level as a key support. There are some divergences within the community, with a minority of members believing that a rise may occur in the coming months, but the recent sharp price fluctuation from $95,000 to $78,000 has kept most traders cautious. After the sudden sell-off, most traders are in recovery mode, and due to margin restrictions, many have had to realize losses rather than roll over positions.

ChainCatcher news, Greeks.live macro researcher Adam posted a Chinese community briefing on the X platform, stating that the market is generally bearish, believing that the rebound is weak, and BTC may further decline to below $80,000. Some opinions suggest it may follow last year's volatile trend. Several traders pointed out that it has currently fallen below the M top, indicating risks in the mid-term direction, while the record net outflow of Bitcoin ETFs has also intensified bearish sentiment.Options traders discussed the current market volatility performance, noting that despite the sharp decline, the volatility of medium to long-term options has not effectively increased. This may indicate that the market expects this to be a one-time drop rather than a trend reversal.The discussion about DVOL (Volatility Index) is very lively, with professionals pointing out that insufficient liquidity is the main issue. There are suggestions to launch a perpetual DVOL to increase liquidity, but it also faces technical challenges in index design and risk management.

ChainCatcher news, Greeks.live macro researcher Adam released a Chinese community briefing, which pointed out that the market is generally turning bearish, with expectations for BTC to pull back to around $80,000.Most traders believe that ETH and SOL will continue to decline, but remain optimistic about BTC's medium to long-term trend. The trend of integration between traditional finance and cryptocurrency is that BTC is gradually decoupling from the crypto space, becoming a store of value for institutional investors, with reduced correlation to other crypto assets.

ChainCatcher news, BitMEX co-founder Arthur Hayes stated on social media, "Many IBIT holders are hedge funds that earn returns above short-term U.S. Treasury yields by going long on ETFs and shorting CME futures. If the BTC price drops and causes the basis (i.e., the difference between ETF price and futures price) to narrow, these funds will sell IBIT and cover CME futures. These funds are currently profitable, and considering the basis is close to U.S. Treasury yields, they will close their positions during U.S. trading hours to realize profits. I am bearish to $70,000."

ChainCatcher message, Greeks.live macro researcher Adam released a community briefing indicating that current market participants are cautious about Bitcoin's short-term trend. Analysis shows that while traders maintain a long position in the long term, the market is expected to exhibit a volatile trend in the near term. The market is focusing on the $90,000 to $100,000 price range, especially the $95,200 support level.In the options market, traders are actively selling call options near $99,000 while maintaining bearish positions. Notably, the current options volatility is low, with the implied volatility of contracts expiring this week at 44%, and the market believes the current volatility is underestimated. Most traders are adopting range trading strategies in the $90,000 to $100,000 range, with some using a 9.6/100,000 ratio spread and laddered options structure for risk management.

ChainCatcher news, according to Cointelegraph, as the meme coin scandals continue to rise, market sentiment has declined, and traders are increasingly preparing for a drop in SOL. According to data from the data service Coinalyze, on February 17, the long-to-short ratio for SOL on cryptocurrency futures exchanges fell from 4 to 2.5, indicating that the overall market is leaning bearish on SOL.Anonymous crypto KOL Tyler Durden posted on X, stating: "The market has decided to vent its anger on Solana." Durden cited data from Binance's perpetual futures trading platform, indicating that Binance's SOL short-to-long position ratio has risen to 4:1, suggesting an excessive bearish bet.

ChainCatcher news, according to Cointelegraph, contributor J. A. Maartunn from the cryptocurrency data analysis platform CryptoQuant stated that the "Bitcoin Inter-exchange Flow Pulse" indicator is turning bearish, indicating that market risk appetite is declining, which may signal the beginning of a bearish phase.

ChainCatcher news, according to Cointelegraph, Tyr Capital's Chief Investment Officer Ed Hindi stated that ETH is at a "peak bearishness," and the price trend may soon reverse and rise to $4,000.

ChainCatcher news, CryptoQuant analyst Maartunn stated that the Bitcoin Inter-Exchange Flow Pulse (IFP) indicator has turned bearish. This indicator uses CryptoQuant's Bitcoin trading platform flow data to measure the flow of Bitcoin between spot trading platforms and derivatives trading platforms. This flow data reflects market sentiment:Increased Bitcoin inflow to derivatives trading platforms → Usually accompanies a bull market;Decreased Bitcoin outflow from derivatives trading platforms → Usually accompanies a bear market.